Intraday trading signal - page 6

 

Intraday trading signal by acetrader.com: Eur/usd

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3954

Last Update At 27 May 2009 02:32 GMT

Although euro's retreat after being capped below

o/n NY 1.4005 high suggests further consolidation

below there is seen, as y'day's strg rebound fm

1.3860 suggests correction fm 1.4051 has ended,

downside shud be ltd n yield another rise later.

Hold long for 1.4000 1st n only abv 1.4020/25

signals upmove has resumed for re-test of 1.4051...

Range Forecast

1.3945 / 1.3975

Resistance/Support

R: 1.4005/1.4023/1.4051

S: 1.3943/1.3886/1.3860

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Intraday trading signal by acetrader.com: Eur/usd

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: +1.4145+

Last Update At 01 Jun 2009 03:59 GMT

Euro's rebound after finding renewed buying at

1.4099 suggests re-test of 1.4170 (Aust.) is forth-

coming soon n abv wud extend recent upmove twd 1.41

90/00, however, near term 'loss of momentum' shud

cap price well below 1.4230 in Asia.

Raise entry lvl with stop as indicated n only

below 1.4099 wud risk correction to 1.4074...

Range Forecast

1.4140 / 1.4170

Resistance/Support

R: 1.4170/1.4200/1.4259

S: 1.4099/1.4074/1.3984

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Intraday trading signal by acetrader.com: Eur/usd

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.4163

Last Update At 02 Jun 2009 05:36 GMT

Euro's sideways trading is expected to continue

n despite intra-day rebound fm 1.4133, abv 1.4200/

05 is needed to signal the pullback fm y'day's high

at 1.4246 has ended there n bring re-test of this

lvl, then 1.4275/80.

Below said sup wud bring retrace. to 1.4100/05,

however, 1.4074 wud hold. Stand aside for now...

Range Forecast

1.4145 / 1.4180

Resistance/Support

R: 1.4195/1.4246/1.4288

S: 1.4133/1.4099/1.4074

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Dollar falls as strong U.S. housing data dampens the greenback's safe-haven appeal

Market Review - 02/06/2009 20:48 All times in GMT

Dollar falls as strong U.S. housing data dampens the greenback's safe-haven appeal

Dollar fell against the euro and British pound to fresh 2009 lows on improving risk tolerance, with the greenback extending recent decline against a basket of currencies as more data showed the global economy is on the path to recovery. The ICE dollar index weakened to its lowest level at 78.33 since December even though U.S. Treasury Secretary Timothy Geithner committed to keeping the U.S. currency strong and inflation low and stable.

Although U.K. posted a much stronger-than-

expected construction PMI index (45.9 in May vs 38.1 in April), the British pound pared some of its gains from Monday against the greenback and hit an intra-day low of 1.6324 in European morning session on news that Abu Dhabi's Sheikh Mansour sold its stake in Barclays (stock price fell 13.52%). However, sterling found good buying interest and resumed its uptrend in U.S. session after U.S. pending home sales M/M in April came out at 6.7%, which was much better than the forecast of 0.5% and the 3.2% reading in March. This upbeat data sent the cable to a seven-month high of 1.6595 versus the dollar.

In European morning trade, the euro retreated to as low as 1.4102 against the dollar. Although the unemployment rate in the eurozone rose to 9.2% in April from 8.9% in March, investors kept their focus on the recent global economic recovery and increased their demand for higher-yielding assets. Euro strengthened to an intra-day high of 1.4332 in late New York afternoon before easing.

Investors also started to accumulate Japanese yen carry trades again on optimism that the worst of the global recession is over. Eur/jpy touched a multi-month high at 137.45 while aud/jpy and gbp/jpy rose to 78.85 and 159.22 respectively.

Earlier in the day, the Reserve Bank of Australia left its official rate unchanged at 3.00% and the aussie slipped to 0.8050 before rising again in tandem with the New Zealand dollar to multi-month highs of 0.8232 and 0.6595 respectively.

Data to be released on Wednesday include Australia GDP, German, eurozone, U.K. service PMI, U.K. nationwide consumer confidence, Halifax house prices, eurozone GDP and PPI, U.S. ADP employment, durable goods orders, factory orders and ISM non-manufacturing index. Fed Chairman Bernanke will testify about U.S. economy at 14:00GMT.

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Currency Trends

Do you think the current up-trend in EUR/USD will continue? I've made nice gains trading this pair in my ICM account (Forex | Indices | Commodities | Futures | CFDs | Automated Trading | ICM), with a bias towards being long. Concerned that we are getting over-bought here. Any feedback appreciated.

 

Intra-day forex trading signal by AceTrader : USD/JPY

Intra-day forex trading signal by AceTrader : USD/JPY

USD/JPY OUTLOOK - 96.18

Last Update At 04 Jun 2009 02:32 GMT

Although dlr has eased after meeting minor

selling at 96.37 n further consolidation below

96.43 is seen, reckon 95.90/95 wud limit downside n

yield another rebound but abv 96.43 is needed to

signal upmove fm 94.44 has resumed, 96.81 'later'.

Still favour buying dips with stop as indicated

n only below 95.57 wud risk re-test of 95.33/38...

Range Forecast

96.05 / 96.35

Resistance/Support

R: 96.43/ 96.81/ 97.24

S: 95.88/ 95.57/ 95.33

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Intraday aud/usd trading signal by acetrader.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM :

AUD/USD: 0.7855

Last Update At 08 Jun 2009 08:05 GMT

Although aussie's selloff below 0.7885 signals

decline fm last week's top at 0.8265 to retrace

recent upmove has resumed n weakness twd 0.7800/10

cannot be ruled out, loss of momentum shud limit

downside n risk has increased for a rebound later.

Wud not chase this move n look to sell recovery

as only abv 0.7915/20 indicates temp. low made...

Range Forecast

0.7830 / 0.7880

Resistance/Support

R: 0.7917/0.7988/0.8029

S: 0.7787/0.7748/0.7703

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Support, Resistance and Range Forecast by AceTrader

INTRA-DAY USD/JPY:

Last Update At 08 Jun 2009 07:53 GMT

Range Forecast

98.35 / 98.65

Resistance/Support

R: 98.90/99.22/99.80

S: 98.05/97.46/96.98

-------------------------------------------------

INTRA-DAY EUR/USD:

Last Update At 08 Jun 2009 08:03 GMT

Range Forecast

+1.3855 / 1.3890+

Resistance/Support

R: 1.3925/1.3960/1.4004

S: 1.3850/1.3832/1.3791

-------------------------------------------------

INTRA-DAY USD/CHF:

Last Update At 08 Jun 2009 08:11 GMT

Range Forecast

1.0940 / 1.0975

Resistance/Support

R: 1.0977/1.1009/1.1031

S: 1.0908/1.0879/1.0836

-------------------------------------------------

INTRA-DAY GBP/USD:

Last Update At 08 Jun 2009 08:07 GMT

Range Forecast

1.5815 / 1.5855

Resistance/Support

R: 1.5893/1.5923/1.5980

S: 1.5803/1.5781/1.5701

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Support, Resistance and Range Forecast by AceTrader

INTRA-DAY USD/JPY:

Last Update At 15 Jun 2009 07:36 GMT

Range Forecast

98.00 / 98.35

Resistance/Support

R: 98.58/98.90/99.22

S: 98.10/97.47/97.28

-------------------------------------------------

INTRA-DAY EUR/USD:

Last Update At 15 Jun 2009 07:30 GMT

Range Forecast

1.3865 / 1.3900

Resistance/Support

R: 1.3914/1.3967/1.3986

R: 1.3914/1.3967/1.3986

-------------------------------------------------

INTRA-DAY USD/CHF:

Last Update At 15 Jun 2009 07:51 GMT

Range Forecast

1.0880 / 1.0920

Resistance/Support

R: 1.0944/1.0987/1.1020

S: 1.0860/1.0823/1.0783

-------------------------------------------------

INTRA-DAY GBP/USD:

Last Update At 15 Jun 2009 08:44 GMT

Range Forecast

+1.6350 / 1.6390+

Resistance/Support

R: 1.6393/1.6450/1.6524

S: 1.6305/1.6241/1.6200

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Reason: