Intraday trading signal - page 155
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AceTraderFx Apr 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 22 Apr 2015 01:20 GMT
EUR/USD - 1.0727
Although euro's rebound from yesterday's low at 1.0660 (Europe) to 1.0782 signals pullback from last Friday's high of 1.0849 has ended there and choppy trading with upside bias would be seen.
Break of this resistance needed to confirm the erratic rise from last Monday's 4-week trough at 1.0521 to retrace decline from March's peak at 1.1062 has resumed and yield further gain towards 1.0890/00.
On the downside, below 1.0660 would indicate a top is made instead and shift risk to downside for weakness to 1.0625 but support at 1.0571 should hold.
AceTraderFx Apr 22: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
22 Apr 2015 02:21GMT
USD/JPY - ...... Despite dlr's retreat from 119.83 to 119.43 in NY session due partly to cross-buying in yen, price edged higher in NY afternoon and climbed to 119.78 in Wednesday's Tokyo morning on renewed broad-based buying in the greenback before easing.
Today, expect fund flows to dominate the market in Asia and buying dlr on dips is recommended due to the intra-day rise in Nikkei to a fresh 15-year high (N225 is currently up 1.07% to 20122).
However, 120.00 level may limit upside in early Europe as investors are awaiting the release of U.S. housing data, these include monthly home price and existing home sales at 13:00GMT and 14:00GMT respectively.
At the moment, bids are noted at 119.40-30 and then 119.10-119.00 with mixture of bids and stops located at 118.80-70.
On the upside, offers from various accounts are reported at 119.90-00 and around 120.10 with stops emerging just above 120.30.
Wednesday will see the release of Japan's export, import and trade balance, Australia's CPI, China's CB leading economic index, Bank of England vote outcome, Swiss ZEW investor sentiment, U.S. monthly home prices, existing home sales and eurozone consumer confidence.
AceTraderFx Apr 22: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
22 Apr 2015 06:27GMT
EUR/USD - ...... Although euro retreated briefly from 1.0748 to 1.0727 after comments from ECB's Executive Broad Member Benoit Coeure (see our prev. MMN), price rebounded at shortly after European open n climbed to a fresh session high of 1.0757.
At the moment, offers are noted at 1.0760-70 with stops reported above 1.0785. On the downside, bids are placed at 1.0730/25, 1.0720-10 n more below with fairly large stops touted below yesterday's low at 1.0660.
No major EZ data are due out today except for a slew of eco. releases from Italy.
This morning although euro rallied from 1.0660 to 1.0782 after EZ FinMins removed deadline of Greek fiscal reforms, euro retreated in NY afternoon after buying evaporated. Despite trading narrowly in Australia, traders sold euro on the New York Times report of the ECB is demanding a 50% cut in the value of collateral Greek banks have deposited with the central bank for loan. Euro briefly hit intra-day low of 1.0717 before stabilising.
Looks like range trading is in store until European open as market awaits reaction of the NYT report fm European traders. No major EZ data are due out today except for a slew of eco. releases from Italy.
AceTraderFx Apr 23: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 22 Apr 2015 23:42GMT
Although euro's erratic rise from 1.0660 (Tuesday) to 1.0801 yesterday signals pullback from last week's 1.0849 peak has ended, subsequent 'CHF-led' fall to 1.0708 suggests 'choppy' trading below said high would continue, reckon 1.0660 sup should hold and yield rebound.
Incline to buy again on dips and only below 1.0660 risks retrace. of early rise from 1.0521 twd 1.0625.
AceTraderFx Apr 23: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
23 Apr 2015 02:28GMT
EUR/USD- ....... The single currency met renewed selling interest at 1.0729 ahead of Asian open n penetrated NY low (also y'day trough) at t 1.0708 to 1.0693 as concerns over Greece's debt payments continued to dampen demand for the euro.
Whilst intra-day weakness in Asia suggests selling the single currency on recovery is favoured, position traders can look to buy on next decline in anticipation of another rebound twd 1.0800 as Mon's low at 1.0660 is expected to hold ahead of a meeting of eurozone finance ministers on Fri.
Today, investors shud pay attention to a slew of economic data fm EU n its members countries starting at 06:00GMT, theses include Germany's Gfk consumer confidence n Markit service n manf. PMI for France, Germany, Italy n euro zone. At the moment, offers are tipped at 1.0710-20, 1.0735/40 n then around 1.0750 with stops located just abv 1.0760. On the downside, bids are placed at 1.0685/80, 1.0670-60 n then 1.0640/30 with stops emerging just below 1.0620.
Thursday will see the release of China's HSBC manufacturing PMI, German GfK consumer sentiment, Germany's Markit manufacturing and service PMI, eurozone Markit manufacturing and service PMI, U.K. PSNCR and retail sales, U.S. new home sales and KC Fed manufacturing.
AceTraderFx Apr 23: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
23 Apr 2015 06:01GMT
EUR/USD - ...... Although Gfk said that its index of Germany's consumer climate rose to the highest in 13.5 years at 10.1 in May, euro showed muted reaction to the data as it missed the median forecast of economist at 10.2. Earlier, cross-selling in euro pressured the EUR/USD pair below 1.0700 level to 1.0691 in Asia before staging a recovery to 1.0718.
Investors are now awaiting the release of Markit PMIs for France, Germany and euro zone for more clues on the economic condition in euro zone area.
At the moment, offers are tipped at 1.0720-30, 1.0740/45 and then around 1.0750 with stops located just above 1.0760.
On the downside, bids are touted at 1.0685/80, 1.0670-60 and then 1.0640/30 with stops emerging just below 1.0620.
AceTraderFx Apr 23: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK USD/JPY
Update Time: 23 Apr 2015 08:06 GMT
Despite dollar's rebound from Monday's 3-week low at 118.53 to 120.09 in Asia today, as sell off from last week's high of 120.84 signals correction from March's bottom at 118.33 has ended there, reckon 120.43 resistance would cap upside and downside bias remains for another decline later.
Below 119.31/35 would indicate top is made and yield weakness to 119.15 and then 118.70/80.
AceTraderFx Apr 24: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time:24 Apr 2015 01:00GMT
EUR/USD - 1.0828
Yesterday's intra-day rally from 1.0666 to 1.0846 confirms pullback from last Friday's high of 1.0849 has ended at 1.0660 Tuesday and consolidation with upside bias remains, break of said resistance would signal up move from last week's low at 1.0521 to retrace early fall from 1.1062 has resumed and extend gain to 1.0887 and then towards 1.0940/50 later.
On the downside, only below 1.0732/33 would prolong choppy trading inside near term range of 1.0849-1.0660 and may yield weakness to 1.0690/00 but aforesaid support area at 1.0660-67 should remain intact.
AceTraderFx Apr 24: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time:24 Apr 2015 07:55 GMT
USD/JPY - 119.33
Dollar's sell off from yesterday's high of 120.09 to 119.43 and then 119.15 signals this week's up move from Monday's 3-week trough at 118.53 has ended there and consolidation with downside bias is seen.
However, below the said support is needed to signal erratic decline from March's near 8-year peak at 122.03 has resumed and yield re-test of 118.33 (reaction low from 122.03) and then towards 117.90/00 later.
On the upside, only above 120.09 would dampen this bearish scenario and yield stronger gain to 120.43 but last week's peak at 120.84 should remain intact.
AceTraderFx Apr 24 : Daily Technical Outlook & Trading USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 24 Apr 2015 00:44GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
0.9589
55 HR EMA
0.9600
Trend Hourly Chart
Near term down
Hourly Indicators
Falling
13 HR RSI
35
14 HR DMI
-ve
Daily Analysis
Consolidation b4 recent decline resumes
Resistance
0.9670 - Y'day's European high
0.9627 Y'day's European morning low
0.9602 - 38.2% r of 0.9719-0.9530
Support
0.9530 - Y'day's low
0.9480 - 03 Apr low
0.9450 - 38.2% r of 0.8352-1.0129
. USD/CHF - 0.9556... Although the greenback briefly rose to session high at 0.9719 at Asian open, dlr quickly reversed gains n fell to 0.9627 in Europe deu to selling in eur/chf cross. Intra-day decline accelerated in NY morning on downbeat U.S. data, dlr later tumbled to as as low as 0.9530 in NY afternoon.
. Looking at the hourly n daily charts, despite y'day's rise to 0.9719, subsequent sell off suggests recent choppy trading inside the established broad range of 0.9863-0.9480 wud continue with downside bias n below daily 0.9480 sup wud confirm decline fm 1.0129 (Mar peak) to correct early rise fm 2015 trough at 0.7360 (Jan) to pressure price to 0.9450 (being a 'minimum' 38.2% of the intermediate rise fm 0.8352) n then 0.9240 (50% r) later next week. Therefore, selling dlr on recovery in anticipation of weakness to above mentioned downside targets is recommended. On the upside, only a daily close abv 0.9625 wud 'prolong' the volatile trading inside 0.9480-0.9863 range n risk wud shift to upside for another rise twd 0.9719.
. Today, as current price is trading below 21-hr & 55-hr emas, selling dlr on recovery is the way to go as upside shud falter well below 0.9625.