Intraday trading signal - page 179
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AceTraderFx Jul 22: Daily Technical Outlook & Trading EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 22 Jul 2015 00:42GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
1.0907
55 HR EMA
1.0882
Trend Hourly Chart
Near term up
Hourly Indicators
Easing fm o/bot
13 HR RSI
69
14 HR DMI
+ve
Daily Analysis
Initial gain b4 retreat
Resistance
1.1083 - Last Tue's high
1.1036 - Last Wed's high
1.0969 - Y'day's high
Support
1.0907 - Last Fri's high (now sup)
1.0870 - Mon's high (now sup)
1.0808 - Mon's low
. EUR/USD - 1.0948... Despite euro's weakness to 1.0812 ahead of European open y'day following fall to a 12-week low of 1.0808 Mon, short- overing lifted price to 1.0879 in Europe, euro later rallied strongly to 1.0969 in NY session.
. Looking at the daily chart, although Mon's brief breach of 1.0819 (May's low) to 1.0808 signals correction fm Mar's 12-year bottom at 1.0457 has ended at 1.1467 (May), Tue's rally to 1.0969 suggests a temporary low has been made there n several days of choppy consolidation is in store with upside bias for gain to 1.1012, being 50% r of intermediate fall fm 1.1216-1.0808, however, as long as res at 1.1083 holds, euro's erratic decline fm 1.1467 (May high) would head to next minor daily chart sup/obj. at 1.0785 later. Looking ahead, current falling daily technical indicators suggest price would be en route to 1.0660, then twd 1.0521 in Aug. On the upside, only a daily close abv 1.1083 wud confirm low has indeed been formed a low n bring stronger retracement twd 1.1216 res.
. Today, euro's retreat fm 1.0969 suggests consolidation wud take place in Asia b4 prospect of further rise, reckon upside wud falter below res at 1.13036 n yield strg retreat later. So trading fm both sides of the market is favoured.
AceTraderFx Jul 23: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 23 Jul 2015 01:26 GMT
EUR/USD - 1.0936
Despite yesterday's stronger-than-expected sharp retreat from 1.0967 in Europe to as low as 1.0869 in New York morning, as euro has risen sharply in New York afternoon. suggesting pullback from Tuesday's 1.0969 high has ended there and consolidation with upside bias remains for near term up-move from Monday's 12-week bottom at 1.0808 to resume to 1.1000/10.
However, loss of momentum should cap price below minor res at 1.1036 and yield retreat.
On the downside, only below 1.0869 would abort above short- term bullish scenario on euro as risk would shift to the downside for weakness towards 1.0808/12.
AceTraderFx Jul 23: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
23 Jul 2015 02:09GMT
USD/JPY - ..... Dlr rebounded after extending losses from Tuesday's 5-week high of 124.48 to 123.57 at European open on Wednesday and then climbed back above 124.00 level to 124.16 in NY morning as release of upbeat U.S. housing data boosted demand for the greenback. The pair later retreated to 123.92 in Australia on Thursday before staging another bounce to 124.15 at Asian open.
Today's focus on the greenback is the release of weekly U.S. initial jobless claims and leading indicator in NY session at 12:30GMT and 14:00GMT respectively. Street forecast is for the number of Americans filing new claims for unemployment benefits last week to deduce by 1k to 280K from previous reading of 281K, whilst the leading indicators is estimated to drop to 0.2% from previous reading of 0.7%.
Choppy sideways move around 124.00 is expected ahead of NY open and offers are tipped at 124.20-30 and more near 124.45 with mixture of offers and stops just above 124.50.
On the downside, bids are reported at 123.80-70 and then 123.60/55 with mixture of bids and stops at 123.40-30.
Thursdaywill see the release of 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.
AceTraderFx Jul 23: Intra-Day Market Moving News (EUR/USD)
Intra-Day Market Moving News
23 Jul 2015 08:03GMT
EUR/USD - ...... Although euro retreated after meeting renewed selling at 1.0956 in Asia and then briefly dropped to 1.0923 in European morning, buying interest from European traders lifted price from there and euro surged to as high as 1.1103 after triggering stops located above Tuesday's high of 1.0969 before easing.
At the moment, bids are reported at 1.0960-50 with mixture of bids and stops at 1.0940-30 whilst offers are tipped at 1.1010/15 and more above with stop touted above 1.1035.
AceTraderFx Jul 23: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 23 Jul 2015 08:50 GMT
USD/JPY - 123.77
Despite dollar's retreat from Tuesday's fresh 5-week high of 124.48 to 123.57 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, reckon 122.92 support would contain weakness and bring rebound.
Above 124.16 (Wednesday's high) would indicate pullback over and bring re-test of 124.48, break would extend gain towards 125.00/07 later.
On the downside, only a daily close below 122.88/92 would shift risk to downside for weakness towards 122.05.
AceTraderFx Jul 24: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 24 Jul 2015 01:18 GMT
EUR/USD - 1.0988
Euro's rally above Tuesday's high of 1.0869 to 1.1005 in European and then 1.1019 in New York confirms decline from May's peak at 1.1467 has formed a temporary low at Monday's 12-week bottom at 1.0808 and as long as 1.0922/23 support holds, upside bias remains for stronger retracement towards chart resistance at 1.1083 which is likely to hold today.
On the downside, only below 1.0869 would abort above short-term bullish scenario on euro as risk would shift to the downside for weakness towards 1.0808/12.
AceTraderFx Jul 24: Intra-Day Market Moving News (EUR/USD)
Intra-Day Market Moving News
24 Jul 2015 07:12GMT
EUR/USD - 1.0973... Although euro rebounded after retreating from 1.0994 to 1.0964 in Asia and then briefly rose to 1.0997 in European morning, renewed selling interest emerged after release of downbeat France's PMIs n knocked price lower.
On Thursday, Markit Economics showed that French manufacturing PMI fell unexpectedly to a seasonally adjusted 49.6, from 50.7 in the preceding month, whilst French Services PMI also fell more than expected to a seasonally adjusted 52.0, from 54.1 in the preceding month.
At the moment, offers are reported at 1.1000-10 n more above with stop touted above 1.1030.
On the downside, bids are noted in 1.0960-40 region with stops below 1.0920.
AceTraderFx Jul 24: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 24 Jul 2015 08:12 GMT
USD/JPY - 123.95
Despite dollar's retreat from Tuesday's fresh 5-week high of 124.48 to 123.57 Wednesday, 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, reckon 122.92 support would contain weakness and bring rebound. Above 124.16 (Wednesday's high) would indicate pullback over and yield re-test of 124.48, break would extend gain towards 125.00/07 later.
On the downside, a daily close below 122.88/92 would shift risk to downside for weakness towards 122.05.
AceTraderFx Jul 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 27 Jul 2015 00:58 GMT
EUR/USD - 1.0988
Euro's retreat from last Thursday's high of 1.1019 to as low as 1.0925 Friday signals 1st leg of correction from last Monday's 12-week bottom at 1.0808 has ended there.
While as long as the said resistance holds, further weakness towards 1.0889 (61.8% r of 1.0808-1.1019) would be seen.
However, reckon support at 1.0869 would remain intact and yield rebound later.
On the upside, only a move back above 1.1019 would indicate recent decline is still being retraced and extend gain to 1.1036/40 and then possibly towards 1.1083 before prospect of a retreat.
AceTraderFx Jul 27: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
27 Jul 2015 02:16GMT
GBP/USD - ...... Although cross-selling in sterling pressure price lower to 1.5467 in European morning on Friday, price recovered later in the day and climbed back to 1.5527 in tandem with euro in NY session.
Cable found support at 1.5499 near NY close and then edged higher in tandem with eur/usd to 1.5539 in Asia on Monday before easing.
Due to the absence of U.K. eco. data and events today, the British pound is expected to track euro's intra-day swing closely.
At present, bids from various accounts are reported at 1.5515-05 and then 1.5500-1.5490 with stops building up below 1.5470.
On the upside, offers are placed at 1.5550-60 and around 1.5580 with mixture of offers and stops at 1.5590-00.
This week will see the release of Japan's CSPI, New Zealand's ANZ business confidence, Germany's import price, Ifo business climate, U.K. CBI trends, U.S. durable goods and building permits on Monday.
Australia's NAB business confidence, U.K. GDP, Canada's producer prices, U.S. Redbook, Markit services PMI and consumer confidence on Tuesday.
Japan's retail sales, Germany's GfK consumer sentiment, Swiss UBS consumption indicator, U.K. mortgage approvals and CBI distributive trades, U.S. pending home sales change, FOMC rate decision and Fed's monetary policy statement on Wednesday.
New Zealand's building consents, Japan's industrial output and IP forecast, Australia's building approvals, import and export prices, Swiss KOF indicator, Germany's unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany's CPI and HICP, U.S. initial jobless claims on Thusday.
U.K. GfK consumer confidence, Japan's all household spending, CPI and unemployment rate, Australia's PPI, Japan's construction orders and housing starts, eurozone inflation, Canada's GDP, U.S. employment costs, Chicago PMI and Reuters/Michigan consumer sentiment index on Friday.