Intraday trading signal
Intra-day trading signal by AceTrader : USD/JPY
Intra-day trading signal by AceTrader
USD/JPY OUTLOOK 97.10
Last Update At 25 Feb 2009 05:02 GMT
Although dlr has retreated after marginal
rise to 97.31 n sideways trading wud be seen until
European opening, pullback wud be ltd to 96.77/80
n yield resumption of recent upmove for re-test of
said res n then twds 97.44.
Buy on dips with stop as indicated, break wud
risk stronger retracement to 96.36...
Range Forecast
97.00 / 97.30
Resistance/Support
R: 97.31 / 97.44 / 97.63
S: 96.36 / 96.07 / 95.68
Our 2008 trading performance summary
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Intra-day trading signal for AUD/USD by AceTrader
Intra-day trading signal for AUD/USD by AceTrader :
Rate: 0.6499
Updating time : 26 Feb 2009 02:34 GMT
Despite y'day's selloff fm 0.6555 to 0.6454,
current rebound in part due to cross buying in A$
versus jpy suggests choppy trading wud continue
with mild upside bias n gain to 0.6522 cannot be
ruled out, however, said res wud remain intact.
Below 0.6475/80 wud bring another fall to
0.6454. Suggest to stand aside in the meantime...
Range Forecast
0.6480 / 0.6522
Resistance/Support
R: 0.6522/0.6555/0.6592
S: 0.6454/0.6417/0.6390
Our 2008 trading performance summary :
Performance 2008 - AceTrader | Best Intra-day Forex Trading Strategies
Intraday trading signal by acetrader.com : Eur/usd
INTRADAY TRADING SIGNAL BY ACETRADER.COM
EUR/USD : 1.2658
Last Update At 27 Feb 2009 08:34 GMT
Despite intra-day fall to 1.2629, lack of follow
through selling n current rebound suggest upside
risk is for recovery to 1.2687/90, however, reckon
1.2720/25 wud hold n yield another decline later.
In view of ths, exit short n look to sell euro
again on further rise. Below said sup wud extend
weakness twds 1.2600...
Range Forecast
1.2640 / 1.2680
Resistance/Support
R: 1.2687/1.2751/1.2811
S: 1.2629/1.2600/1.2557
Intraday trading signal by AceTrader - EUR/USD
Intraday trading signal by AceTrader - EUR/USD
Rate: 1.2485
Updating time : 04 Mar 2009 01:06 GMT
Although euro has recovered after anticipated
selloff to 1.2457, as intra-day selloff below
1.2513 (now res) confirms decline fm 1.4720 has
resumed, further weakness to 1.2454 n then 1.2423
is envisaged after minor consolidation.
Sell again on pullback with stop as indicated
n only abv 1.2548 wud signal temp. low is made...
Range Forecast
1.2470 / 1.2510
Resistance/Support
R: 1.2548/1.2597/1.2653
S: 1.2454/1.2423/1.2400
Intraday trading signal by acetrader.com
INTRADAY TRADING SIGNAL BY ACETRADER.COM
EUR/USD : 1.2543
Last Update At 06 Mar 2009 01:53 GMT
Euro's present retreat after faltering below
1.2584 (NY res) suggests further choppy sideways
trading wud continue in Asia n pullback to 1.2522
cannot be ruled out but below 1.2500 is needed to
abort daily bullishness n yield re-test of 1.2482.
Abv 1.2584 wud signal y'day's fall fm 1.2665
has made a low at 1.2482 n bring rebound to 1.2622.
Range Forecast
1.2522 / 1.2560
Resistance/Support
R: 1.2584/1.2622/1.2665
S: 1.2522/1.2482/1.2457
Our 2008 trading performance summary:
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Intraday Forex Signal by AceTrader - GBP/USD
Intraday Forex Signal by AceTrader - GBP/USD
Rate: 1.4137
Updating time : 09 Mar 2009 02:36 GMT
Despite intra-day brief but strg rebound to
around 1.4183, subsequent retreat suggests consoli-
dation with mild downside bias is seen n pullback
to 1.4090/00 cannot be ruled out, however, sup at
1.4037/39 wud remain intact.
Only abv 1.4196 wud extend gain to 1.4239/40
but 1.4306 res is expected to remain intact...
Range Forecast
1.4125 / 1.4165
Resistance/Support
R: 1.4196/1.4239/1.4306
S: 1.4037/1.3985/1.3958
Our 2008 trading performance summary:
Performance 2008 - AceTrader | Best Intra-day Forex Trading Strategies
Intra-day forex signal by AceTrader : USD/JPY
Intra-day forex signal by AceTrader
USD/JPY OUTLOOK +99.08+
Last Update At 09 Mar 2009 23:11 GMT
Despite usd's sideways trading after y'day's
rally to 99.19, as renewed buying at 98.68 o/n has
lifted price, upside bias remains for nr term rise
fm last week's low of 96.57 to extend gain to 99.30
but recent top at 99.69 shud hold on 1st testing.
Trade fm long side with stop as indicated n only
below 98.45 signals top is made n risks 98.05/10...
Range Forecast
+98.90 / 99.19+
Resistance/Support
R: 99.19 / 99.36 / 99.69
S: 98.45 / 97.90 / 97.59
Our 2008 trading performance summary:
Performance 2008 - AceTrader | Best Intra-day Forex Trading Strategies
Forex Market Review by AceTrader
Market Review - 10/03/2009 22:25 GMT
Dollar falls versus euro as global equity markets rebound while sterling hits new 6-week low on weak data
The greenback weakened against the euro yesterday as stock markets around the world rebounded following Monday's selloff, with investors encouraged by Citibank chairman Vikram Pandit who said in an internal memo that the banking group was having its best quarter since 2007. The Dow closed at its session high (up 379 points) while the euro rallied to 1.2823 before retreating sharply to 1.2610 amid thin trading conditions in U.S. afternoon, however, the single currency was able to end the day at 1.2682, compared to its Australian low of 1.2579.
Sterling hit a 6-week low of 1.3690 in New York trading due to active cross selling with the release of weaker-than-expected industrial and manufacturing production data and lingering concerns over the U.K. financial sector weighing on the cable. The British pound also weakened against the euro and yen to 0.9249 and 135.17 respectively.
Dollar retreated against the yen from 99.14 to 97.90 before rebounding to 98.93 in New York in line with the greenback's late rise versus other major currencies, however, price was unable to break out of its recent range of 96.57-99.69. The greenback weakened initially to 1.1421 versus the Swiss franc before rebounding to 1.1652 on active cross selling in chf.
In other news, Fed Chairman Bernanke said that a sustainable economic recovery would be out of reach until the U.S. financial system is stabilised and measures implemented to prevent a similar breakdown in the future. He suggested several improvements in accounting standards were needed and said that the G-20 meeting next month should focus on the international aspect of the financial crisis.
Economic data to be released on Wednesday include Australian Westpac consumer confidence, Japan machine orders, German producer prices and factory orders, U.K. trade balance and the Fed budget. The Reserve Bank of New Zealand is expected to cut rates from 3.50% to 2.75% at 20:00GMT on Wednesday.
Intra-day forex signal for EUR/JPY by AceTrader :
Intra-day forex signal for EUR/JPY by AceTrader :
Rate: 1.4735
Updating time : 11 Mar 2009 06:36 GMT
Although euro has retreated after intra-day rise
to 1.4768 n sideways trading wud be seen, pullback
wud be ltd to 1.4702 n yield resumption of erratic
upmove fm 1.4577 for re-test of said res, abv wud
extend gain to 1.4801 later.
Buy on dips with stop as indicated, break wud
risk weakness to 1.4665 but 1.4641 sup wud hold...
Range Forecast
1.4710 / 1.4750
Resistance/Support
R: 1.4768/1.4801/1.4833
S: 1.4702/1.4641/1.4577
Intraday Forex Signal by AceTrader - GBP/USD
Intraday Forex Signal by AceTrader - GBP/USD
Rate: 1.3735
Updating time : 11 Mar 2009 08:35 GMT
As cable has eased after intra-day rebound fm
1.3655 to 1.3776, suggesting consolidation is in
store, however, as temp. low has been formed at
1.3655, reckon 1.3700/05 wud limit downside n yield
another corrective rise to 1.3780/85 n 1.3807.
Buy on dips with stop as indicated, break risks
re-test of 1.3655...
Range Forecast
1.3705 / 1.3745
Resistance/Support
R: 1.3807/1.3853/1.3906
S: 1.3702/1.3655/1.3600
Our 2008 trading performance summary
Performance 2008 - AceTrader | Best Intra-day Forex Trading Strategies
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Intraday trading signal for GBP/USD - 1.4224
By AceTrader : AceTrader - Best Intra-day Forex Trading Strategies
Although cable has fallen in tandem with euro n
the retreat fm y'day's high at 1.4449 may extend to
1.4190/00, if our daily bullish outlook is correct,
sup at 1.4176 shud limit downside n bring rebound,
abv 1.4265/70 wud yield subsequent gain to 1.4300.
Stand aside n buy for day trade as only below
1.4150 indicates correction fm 1.4092 low is over..
Range Forecast
1.4215 / 1.4245
Resistance/Support
R: 1.4267/1.4300/1.4361
S: 1.4213/1.4176/1.4092