Intraday trading signal - page 178
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AceTraderFx Jul 20: Intra-Day Market Moving News (EUR/USD)
Intra-Day Market Moving News
20 Jul 2015 05:30GMT
EUR/USD- 1.0826.. A piece of euro-bearish news on Greece worth noting. Bloomberg reported earlier today Greece has reached the deadline it couldn't afford to miss, for a bill it can finally afford to pay. Mon is the day the country must reimburse the ECB 4.2 bln euros, including interest, as bonds bought during its last debt crisis mature. The impending reckoning may have been the factor that eventually forced PM Alexis Tsipras on Jul 13 to accept the austerity he n his electorate had previously rejected, in return for the funds needed to keep his nation fm default.
As Greece blew past multiple political n financial supposed end-dates over the past 5 months, July 20 always remained make-or-break. EU law bans the ECB fm financing governments, meaning a default would probably require it to pull support fm Greek lenders, leaving an exit fm the single currency all but assured.
While Greece should now have the funds to make the payment, politicians cut it fine. EZ leaders agreed on a bailout package worth as much as 86 bln euros in an overnight summit that ended last Mon morning. The Greek parliament approved the austerity measures linked to the aid in the early hours of Thur morning, n the currency bloc signed off on 7 bln euros of bridge financing the next day.
ECB President Mario Draghi signaled his approval on Thur by persuading his Governing Council to increase the ELA that is keeping Greek lenders afloat. Banks will reopen for basic services on Monday, 3 weeks after they were shut to prevent their collapse.
AceTraderFx Jul 20: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 20 Jul 2015 08:07 GMT
USD/JPY - 124.20
Despite dollar's retreat after rallying to a fresh 2-week high of 124.23 last Friday, as this move suggests correction from June's near 13-year peak at 125.86 has ended earlier at 120.42 in July.
Choppy trading with upside bias remains but near term loss of momentum should cap price below 125.00 (previous support, now resistance) today.
On the downside, only a daily close below 123.65/73 would indicate a top is possibly made and shift risk to downside for weakness towards 123.05.
AceTraderFx Jul 20: Weekly Technical Outlook & Trading USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 19 Jul 2015 23:37GMT
Trend Daily Chart
Up
Daily Indicators
Rising
21 HR EMA
0.9598
55 HR EMA
0.9568
Trend Hourly Chart
Up
Hourly Indicators
Bearish divergences
13 HR RSI
64
14 HR DMI
+ve
Daily Analysis
Resumption of recent upmove
Resistance
0.9719 - Apr 23 high
0.9697 - 100% measure. of 0.9150-0.9517 fm 0.9333
0.6950 - 100% proj. of 0.9403-0.9550 fm 0.9503
Support
0.9586 - Last Thur's high (now sup)
0.9554 - Last Fri's low
0.9538 - Last Thur's NY low
. USD/CHF - 0.9615... The pair rallied at the start of last week due to renewed weakness in eur/usd, dlr met renewed buying at 0.9368 n later climbed abv May's 0.9545 high to a near 3-month peak of 0.9626 at NY close on Fri.
. Looking at the bigger picture, dlr's break of 0.9545 res confirms the early rise fm May's 0.9072 low has finally resumed after 1-1/2 months of choppy sideways trading n price is en route to 0.9725, this is the 'dynamic' 61.8% r of the recent decline fm 1.0129 (Mar high), abv there would encourage for further headway twd next chart obj. at 0.9863 (Apr high), current rising daily technical indicators add credence to this bullish view. Therefore, buying on dips in anticipation of upmove to abovementioned targets is recommended. On the downside, only a daily close below 0.9503 would signal temporary top has been made, then risk is seen for weakness twd 0.9430 but sup at 0.9330 would remain intact n yield subsequent rebound.
. Today, as dlr has maintained a firm undertone ahead of Asian open n with current price trading abv 21-hr & 55-hr emas, buying on dips is recommended, however, 'bearish divergences' on hourly indicators would cap price below 0.9719.
AceTraderFx Jul 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 21 Jul 2015 01:21 GMT
EUR/USD - 1.0825
Euro's brief break of daily key support at 1.0819 (May) to 1.0808 near New York close confirms early erratic fall from 1.1467 (May top) has finally resumed and further weakness to next daily chart objective at 1.0785 would be seen.
However, near term loss of momentum should keep euro above 1.0700/10 today and bring correction later.
Expect 1.0870/73 (yesterday's high, and previous support, now resistance) to hold and yield aforesaid decline and only above 1.0907 (Friday high) would dampen bearishness, risk 1.0926/30.
AceTraderFx Jul 21: Intra-Day Market Moving News (EUR/USD)
Intra-Day Market Moving News
21 Jul 2015 07:14GMT
EUR/USD - ..... Although euro came under renewed selling pressure after meeting selling at 1.0835 in Asia, buying interest above Monday's fresh near 3-month low at 1.0808 lifted price from 1.0812 and the single currency then staged a bounce to 1.0834 in European morning.
The quite market condition due to the absence of economic events or economic reports in today's early European session suggests further choppy sideways trading is likely to be seen ahead of NY open.
However, selling the single currency against the greenback on intra-day recovery is the favourable strategy.
As previously mentioned, offers are touted at 1.0835-40 and more above with mixture of offers and stops above 1.0870, whilst bids are reported at 1.0805/00 with some stops below there.
AceTraderFx Jul 21: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:21 Jul 2015 08:12 GMT
USD/JPY - 124.30
Despite dollar's retreat after rising to a fresh 2-week high of 124.48 in Asia today, as this move signals correction from June's near 13-year peak at 125.86 has ended earlier at 120.42 in July, choppy trading with upside bias remains but near term loss of momentum should cap price below 125.00/07 today and yield retreat later .
On the downside, only a daily close below 123.65/73 would indicate a top is possibly made and shift risk to downside for weakness towards 123.05.
AceTraderFx Jul 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 22 Jul 2015 01:11 GMT
EUR/USD - 1.0947
Yesterday's intra-day rally after holding above Monday's fresh near 2-month trough at 1.0808 to as high as 1.0969 in New York signals erratic decline from 1.1467 (May top) has made a temporary low there and several days of choppy consolidation would be seen.
However, reckon price would falter well below resistance at 1.1083 and yield another sell-off later.
On the downside, a daily close below 1.0900/10 would indicate recovery over and bring re-test of 1.0808, break would extend weakness to daily chart objective at 1.0785 next.
AceTraderFx Jul 22: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
22 Jul 2015 03:00GMT
GBP/USD - ...... Cable fell below Monday's low at 1.5538 to 1.5529 in European morning on Tuesday on 'active' long liquidation in sterling crosses before recovering to 1.5574 in NY and then rose briefly to 1.5577 in Asian morning on Wednesday due to broad-based weakness in the greenback.
Today, BoE will release the MPC vote outcome n minutes of the MPC meeting ending 8 July at 08:30GMT.
Market expects to minutes may show policymakers held back on interest rate hike due to the Greek debt crisis and uncertainty surrounding the summer Budget.
At the moment, bids are noted at 1.5540-30 and then 1.5510/05 with mixture of bids and stops at 1.5500-1.5490.
On the upside, offers are reported at 1.5590-00 and around 1.5620 with selling interest from various accounts tipped at 1.5630-50 region.
Wednesday will see the release of Australia's Westpac leading index and CPI, BoE minutes, vote outcome, inflation report hearing, CBI distributive trades, U.S. monthly home price index, Markit service PMI, existing home sales and eurozone consumer confidence.
AceTraderFx Jul 22: Intra-Day Market Moving News (EUR/USD)
Intra-Day Market Moving News
22 Jul 2015 07:34GMT
EUR/USD- ....... Although euro rebounded after meeting renewed buying interest at 1.0924 in Asia and then climbed to 1.0967 shortly after European open, price retreated afterwards as some investors decide to take profit ahead of Greek lawmakers' second vote on bailout reforms.
At present, bids from various accounts are touted around 1.0920-10 and then 1.0900-1.0890, whilst offers are located at 1.0960-70 with mixture of offers and stops at 1.0980-90.
Earlier in European morning, INSEE showed French business confidence rose more-than-expected in the last quarter. INSEE said that French business confidence rose to an annual rate of 102, from 100 in the preceding quarter.
AceTraderFx Jul 22: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 22 Jul 201508:15 GMT
USD/JPY - 123.75
Despite dollar's retreat after rising to a fresh 5-week high of 124.48 yesterday, as early rally from July's bottom at 120.42 signals correction from June's near 13-year peak at 125.86 has ended there, choppy trading with upside bias mild remains but loss of momentum should cap price below 125.00/07.
On the downside, only a daily close below 122.88/92 would shift risk to downside for weakness towards 122.05.