Intraday trading signal - page 177
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
AceTraderFx Jul 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Jul 2015 01:16 GMT
EUR/USD - 1.0935
Yesterday breach of 1.0966 (Tuesday) to 1.0930 in New York afternoon signals correction from last Tuesday's 5-week trough at 1.0916 has ended earlier at 1.1216 and as euro has remained under pressure after the approval of bailout measures package by Greek government, suggesting a re-test of said low is seen.
Break would confirm decline from June's peak at 1.1440 has resumed and bring further weakness to 1.0887 and then 1.0830/40 later but key support at 1.0819 (May's bottom) should remain intact.
On the upside, above 1.1036 would prolong choppy sideways trading but resistance at 1.1083/90 should remain intact.
AceTraderFx Jul 16: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
16 Jul 2015 08:01GMT
EUR/USD- ...... Although euro staged a bounce from 1.0911 ahead of European open, price retreated after meeting renewed selling at 1.0949 and then tanked to a fresh 1-1/2 month trough at 1.0896 before recovering.
Looks like consolidation with downside bias would be seen in early European trading but sharp fall below 1.0900 level is not likely to be seen as investors are awaiting the release of euro zone's inflation data at 09:00GMT and the announcement of ECB's monetary policy decision at 11:45GMT and then Draghi's press conference at 12:30GMT.
At the moment, offers from various accounts are noted at 1.0920-30 adn more around 1.0940-50 with mixture of offers and stops at 1.0970/75.
On the downside, bids are reported at 1.0880-1.0870 and then 1.0860/55 stops building just below 1.0850.
AceTraderFx Jul 16: Daily Technical Outlook & Trading EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 16 Jul 2015 00:17GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
1.0967
55 HR EMA
1.0998
Trend Hourly Chart
Down
Hourly Indicators
Bullish convergences
13 HR RSI
32
14 HR DMI
-ve
Daily Analysis
Resumption of recent decline
Resistance
1.1120 - 61.8% r of 1.1216-1.0966
1.1083 - Tue's high
1.1034 - Y'day's high
Support
1.0930 - Y'day's low
1.0916 - Last Mon's low
1.0819 - May's low (May 27)
. EUR/USD- 1.0942... Despite staging a brief rebound fm 1.0987 to 1.1034 in European morning on Wed, euro ratcheted lower n then tumbled shortly after NY open on Fed Chair Yellen's hawkish comments, price fell to 1.0930 b4 recovering.
. Looking at the daily chart, as euro has fallen this week after staging a strg rebound fm 1.0916 to 1.1216 this month, suggesting choppy trading below May's 3-month peak at 1.1467 wud continue with downside bias. A daily close below 1.0916 wud dampen previous 'triangle' scenario n shift risk to the downside for weakness twd key sup at 1.0819 (reaction low fm 1.1467) where a break there wud confirm MT rise fm Apr's 12-year bottom at 1.0521 has ended, then price wud be en route to next minor chart obj. at 1.0660 later this month/Aug. On the upside, if euro manages to hold abv 1.0916 sup (triangle c-leg trough) n then climbs back abv 1.1083, the abv triangle view wud be preserved n yield another rise twd 1.1216.
. Today, as euro has remained under pressure, below 1.0916 wud extend this week's erratic fall to 1.0880/90 but 'bullish convergences' on hourly indicators shud keep price well abv May's trough at 1.0819.
AceTraderFx Jul 16: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 16 Jul 2015 08:08 GMT
USD/JPY - 123.90
Dollar's rebound after yesterday's intra-day pull-back from 123.97 to 123.65 suggests upside bias remains for from last Wednesday's fresh 7-week trough at 120.47 to 123.73 to retrace decline from June's near 13-year peak at 125.86 to extend to 124.38/46 resistance area.
However, reckon price would falter well below 125.00 (previous support, now resistance) and bring retreat later.
Below 122.25/26 would indicate a top is possibly made and yield weakness to 122.88/92, however, support at 122.05 should contain weakness.
AceTraderFx Jul 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 17 Jul 2015 01:02 GMT
EUR/USD - 1.0880
Although euro has recovered after yesterday's sell-off below previous July's support to a fresh 7-week trough at 1.0855, as price has retreated after meeting renewed selling at 1.0926, downside bias remains for decline from June's peak at 1.1440 to resume after consolidation but loss of momentum should keep price above the key support at 1.0819 (May's bottom) today and bring rebound later.
On the upside, only a move back above 1.0926 would indicate a temporary low is made and bring retracement towards 1.1036 before retreat occurs.
AceTraderFx Jul 17: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
17 Jul 2015 02:01GMT
USD/JPY - ...... Although dlr rose to a fresh 3-week peak at 124.18 in NY morning on Thur after the release of lower-than-expected number in weekly U.S. initial jobless claims, price briefly fell to 123.86 after the downbeat Philadelphia Fed mfg survey before renewed buying emerged after comments from Fed's chair Yellen. Later, dlr climbed back to 124.15 near NY close and then marginally higher to 124.23 at Asian open.
As dlr has maintained a firm bias in subdued Asian trading, suggesting buying on dips is recommended. Having said that, sharp gain is not envisaged ahead of NY open as profit-taking is likely to emerge before the release of the important U.S. inflation reports and housing data at 12:30GMT, then the U. of Michigan consumer sentiment and as well as the speech from Federal Reserve Vice Chair Stanley Fischer at 14:00GMT.
Market estimates for U.S. CPI to show a rise of 0.3% month-on-month in June, lifted by a nearly 4% increase in gasoline prices while the year-on-year rate of CPI to climb to 0.1% fm a flat reading in May. Meanwhile, forecasts for the U.S. core CPI are to have risen 0.2% month-on-month and 1.8% year-on-year from previous readings of 0.1% n 1.7% respectively. In addition, U.S. housing starts are expected to show an increase to 1.110 mln units in June, while building permits are forecast to have fallen to 1.115 mln units. Finally, the Michigan consumer confidence index is expected to rise to 97.0 in June, up from previous reading of 96.1.
At the moment, bids are noted at 123.90-80 and more below with stops reported below 123.60.
On the upside, some offers are tipped at 124.25/30 with selling interest from various accounts at 124.40-50 and then more at 124.70-80.
Friday will see the release of Australia's CB leading indicator, Westpac leading index, U.S. CPI, core CPI and housing starts, building permits, Canada's CPI and U.S. Michigan consumer sentiment.
AceTraderFx Jul 17: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
17 Jul 2015 07:47GMT
EUR/USD- ...... Although the single currency ratcheted higher after meeting renewed buying at 1.0873 in Australia and then climbed to 1.0904 in Asian morning, price edged lower ahead of European open due to cross-selling in EURO vs YEN and GBP.
Later, buying interest from European traders together with unwinding in euro-crosses lifted price to a fresh session high of 1.0907 before retreating.
As mentioned previously, EURO is likely to move sideways while the positive developments in the Greek Debt crisis are still in focus.
At the moment, offers are noted at 1.0920-30 and more above with stop touted above 1.0950, whilst bids are reported in 1.0860-40 region with stops below 1.0810.
AceTraderFx Jul 17: Daily Recommendations on Major -USD/JPY
AceTraderFx Jul 17: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 17 Jul 201508:09 GMT
USD/JPY - 123.97
Dollar's intra-day rise above yesterday's high of 124.18 to 124.23 in Asia suggests upside bias remains for up-move from last Wednesday's fresh 7-week trough at 120.47 to 123.73 to retrace decline from June's near 13-year peak at 125.86 to extend to 124.38/46 resistance area.
However, reckon price would falter well below 125.00 (previous support, now resistance) and bring retreat later.
On the downside, only below 122.25/26 would indicate a top is made and yield weakness to 122.88/92 but support at 122.05 should contain weakness.
AceTraderFx Jul 20: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:20 Jul 201500:28 GMT
EUR/USD - 1.0829
Euro's intra-day brief break of Friday's 5-week low at 1.0829 suggests re-test of key daily sup at 1.0819 (May low) would be forthcoming soon, a break there would confirm early erratic fall from 1.1467 (May top) has finally resumed and yield subsequent weakness to next daily chart objective at 1.0785, near term loss of momentum should keep euro above 1.0700/10.
Expect 1.0871/72 (previous sup, now res) to hold and yield aforesaid decline and only above 1.0907 (Friday high) would dampen bearishness, risk 1.0926/30.
AceTraderFx Jul 20: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
20 Jul 2015 02:46GMT
USD/JPY- ...... Dlr trades narrowly but with a firm undertone in subdued Asian trading following Friday's rebound from 123.92 (Europe) as markets in Japan are closed today for Marine Day holiday.
Looks like sideways move below Fri's 2-week high of 124.23 would be seen until European open but buying dlr on dips due to anticipated broad-based strength in the greenback is recommended. Having said that, the absence of U.S. eco. events and data today and near term yen's strength vs other major ccys would limit strong gain and price may falter below previous resistance at 124.62.
At the moment, bids are reported at 124.05/00 and then 123.80-123.70 with mixture of bids and stops just below 123.50.
On the upside, offers are noted at 124.35-45 and more around 124.50 with mixture of offers and stops at 124.70-80.
This week will see the release of U.K. Rightmove house prices, China house prices, Germany's producer prices, eurozone current account, Germany's Bundesbank monthly report and Canada's wholesale trade data on Monday.
Japan's Tankan DI, RBA meeting's minutes, China CB leading economic index, Swiss trade, U.K. PSNCR and U.S. Redbook on Tuesday.
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 on Wednesday.
New Zealand's interest rate decision, Japan's exports, imports and trade balance, U.K. retail sales, BBA mortgage approvals, U.S. initial jobless claims, Canada's retail sales, eurozone consumer confidence flash and U.S. leading index change on Thursday.
New Zealand's imports, exports and trade balance, Japan's manufacturing PMI, China's Markit manufacturing PMI flash, Germany's and eurozone Markit manufacturing and services PMI respectively, U.S. Markit manufacturnig PMI, U.S. new home sales on Friday.