Intraday trading signal - page 174
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AceTraderFx Jul 6: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 06 Jul 2015 08:18 GMT
USD/JPY - 122.56
Although dollar's intra-day after an initial sell off to a fresh 1-month trough at 121.70 in New Zealand on risk aversion buying in yen suggests erratic decline from June's near 13-year peak at 125.86 has made a temporary low there, only a daily close above 123.19 (Friday's high) would retain bullishness for stronger retracement towards 123.75 before retreat occurs.
On the downside, below 121.70 would extend aforesaid fall to 121.49 and then 120.64 before correction due to loss of momentum.
AceTraderFx Jul 7: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 07 Jul 2015 01:06 GMT
EUR/USD - 1.1046
Despite euro's gap-down open on Monday and then a sell off to 1.0969 following Greek 'No' vote, subsequent intra-day rally to 1.1096 in Europe suggests further choppy trading inside near term established range of 1.0955-1.1279 would continue.
Only a daily close above 1.1122 would encourage for further gain to 1.1171 and then 1.1244 before prospect of a retreat.
Below 1.0955-69 support area would signal early fall from June's peak at 1.1440 has resumed and extend weakness towards 1.0887.
However, key support at 1.0819 (May's bottom) should remain intact.
AceTraderFx Jul 7: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
07 Jul 2015 02:15GMT
USD/JPY - ....... Dlr swung wildly on Mon after a gap-down open in NZ to a fresh 1-month trough at 121.70, short-covering quickly lifted price to 122.71 in Asia and price later rose to 122.93 ahead of NY open before retreating to 122.32 in NY afternoon.
Later, dlr staged another rebound to 122.81 in Asian morning on Tuesday due partly to gain in the Nikkei.
Due to the lack of important eco. data and events in the U.S. today, the pair may be affected on intra-day performance of global stocks which may affect yen move.
At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.50-40 and then 122.20/15 with mixture of bids and stops just below 122.00.
Data to be released on Tuesday:
Australia's RBA rate decision and statement, Swiss Unemployment Rate, Germany's Industrial Output, U.K. Industrial Output and International Trade, Canada's Exports, Imports and Trade Balance, U.S. Redbook retail sales.
AceTraderFx Jul 7: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
07 Jul 2015 07:24GMT
EUR/USD - ...... Euro ratcheted lower after meeting renewed selling at 1.1052 in Asia and then briefly fell to 1.1018 in European morning as investors remained wary ahead of a euro zone summit later in the day aimed at restarting negotiations between Greece and its lenders.
Earlier in Europe, Destatis showed that German industrial production remained unchanged at a seasonally adjusted annual rate of 0.0%, from 0.6% in the preceding month whose figure was revised down from 0.9%.
In a separate report, the customs office said France's trade deficit widened in May from April, as the country's auto-related imports rise and exports slip. France recorded a 4.02 bln euros trade deficit in May, compared with a deficit of 3.3 bln euros in April, while exports fell by 0.6% and imports increased by 1.2% over the period.
At present, bids are noted at 1.1010-00 with stops below 1.1000 whilst some offers are tipped at 1.1040-50 and then 1.1080-90 with some stops located just above 1.1100.
AceTraderFx Jul 7: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 07 Jul 2015 09:00 GMT
USD/JPY - 122.65
Although dollar's rebound to 122.93 after an initial sell off to a fresh 1-month trough at 121.70 in New Zealand on Monday suggests erratic decline from June's near 13-year peak at 125.86 has made a temporary low there, only a daily close above 123.19 (Friday's high) would retain bullishness for stronger retracement towards 123.75 before retreat occurs.
On the downside, below 121.70 would extend aforesaid fall to 121.49 and then 120.64 before correction due to loss of momentum.
AceTraderFx Jul 8: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 08 Jul 2015 01:18 GMT
EUR/USD - 1.0990
Despite euro's initial sell off to a fresh 5-week trough at 1.0916 in New York morning, subsequent intra-day rally to 1.1053 suggests decline from June's peak at 1.1440 has made a temporary low there but as long as 1.1218/22 resistance area holds, choppy trading with downside bias remains.
Below 1.0916 would yield further weakness to 1.0887 but daily sup at 1.0819 should remain intact.
AceTraderFx Jul 8: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
08 Jul 2015 02:25GMT
USD/JPY - ...... Although dlr staged a rebound from 122.01 to 122.65 in NY session as Dow pared early its losses and ended in a positive territory on Tuesday (DJI rebounded from intra-day low at 17465 and closed up 0.53% to 17776), price fell again to 121.97 in Tokyo morning on Wednesday as decline in Asian stocks markets triggered broad-based buying in yen for risk aversion.
Looks like buying of yen would continue ahead of European open and therefore, selling on intra-day recovery is recommended, however, near term outlook remains consolidative and reckon Mon's fresh 1-month trough at 121.70 would hold in Asia.
Having said that, investors should pay attention to the Eco Watch Survey released by the Cabinet Office at 05:00GMT as it is a survey that is considered as basic material for assessing short-term economic trends in Japan.
Later in NY afternoon at 18:00GMT, Fed's Williams will speak on the economic outlook before the International Conference of Commercial Bank Economists and Fed will release minutes of its latest meeting.
At the moment, offers are noted at 122.30-40 and more around 122.50 with mixture of offers and stops at 122.60-70.
On the downside, bids are reported at 121.90/85 and then 122.75/70 with mixture of bids and stops just below 121.70.
Wednesday will see the release of U.K. BRC Shop Price Index, Japan's Current Account, Economy Watchers Poll, U.K. Budget Report, Canada's Building Permits and U.S. FOMC Minutes.
AceTraderFx Jul 8: Intra-day Market Moving News and Views (USD/JPY )
Intra-day Market Moving News and Views
08 Jul 2015 07:09GMT
USD/JPY- ...... The greenback fell after meeting renewed selling at 122.56 ahead of Asian open and then weakened further in European morning as decline in Asian and European stocks triggered broad-based buying in yen for risk aversion.
Price eventually fell below Monday's fresh 1-month trough at 121.70 to 121.55 before recovering.
At the moment, fresh offers are reported at 121.90-00 and more around 122.20 with mixture of offers and stops at 122.40-50.
On the downside, bids from profit-taking are noted at 121.40-30 with real buying interest from various accounts in 121.20-00 region.
AceTraderFx Jul 8: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 08 Jul 2015 08:17GMT
USD/JPY - 121.72
Dollar's intra-day breach of Monday's 1-month trough at 121.70 to 121.41 in European morning signals erratic decline from June's near 13-year peak at 125.86 to retrace long-term uptrend has resumed and further weakness towards 121.00/10 is envisaged after consolidation.
However, loss of momentum should prevent sharp move below there today and reckon support at 120.64 would hold and bring rebound later.
On the upside, only a daily close above 122.93 would confirm a low has been made and bring subsequent gain towards last week's peak at 123.75.
AceTraderFx Jul 8: Daily Technical Outlook & Trading USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 08 Jul 2015 00:15GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
122.49
55 HR EMA
122.58
Trend Hourly Chart
Sideways
Hourly Indicators
Neutral
13 HR RSI
49
14 HR DMI
+ve
Daily Analysis
Choppy consolidation to continue
Resistance
123.75 - Last Thur's low
123.19 - Last Fri's high
122.93 - Mon's high
Support
122.01 - Y'day's low
121.70 - Y'day's fresh 1-month low (NZ)
121.49 - May 20 high (now sup)
. USD/JPY - 122.54... Despite a brief bounce to 122.88 on Tue, renewed selling below Mon's 122.93 high knocked price lower. Dlr nose-dived to 122.01 on renewed risk aversion due to the selloff in global equities b4 recovering.
. On the bigger picture, dlr's erratic fall fm Jun's near 13-year peak at 125.86 to last week's 121.94 low, then a fresh 1-month trough of 121.70 on Mon confirms the LT uptrend fm 2011 record low at 75.32 has formed a temporary high there. Despite dlr's rebound fm 121.70 to 122.93, subsequent strg retreat to 122.01 y'day suggests recovery has possibly ended, however, breach of said sup is needed to confirm aforesaid fall has once again resumed n extend to 121.49 sup. On the upside, abv 122.93/97 res wud bring stronger retracement to 123.19/29 (last Fri's high n 'min' 38.2% r of 125.86-121.70 respectively) is likely but last week's high at 123.75 would cap upside n yield resumption of aforesaid decline fm 125.86 to 121.49 (prev. res, now sup) n then next chart sup at 120.64.
. Today, despite y'day's cross-inspired sharp retreat fm 122.88 to 122.01, subsequent rebound in the Dow had lifted dlr in NY afternoon, suggesting choppy trading abv Mon's 121.70 low wud continue, abv 122.93/97 wud yield 123.19/24.