Intraday trading signal - page 210
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AceTraderFx Nov 18: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:18 Nov 2015 01:03 GMT
EUR/USD - 1.0638
Despite last week's rebound from Tuesday's low at 1.0674 to 1.0831 on Thursday, subsequent retreat and breach of aforesaid support signals the erratic decline from 1.1715 has once again resumed and consolidation with downside bias would be seen for weakness towards 1.0600/10, then 1.0585/90, however, loss of momentum would keep price above support at 1.0564 and yield a much-needed correction later.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
AceTraderFx Nov 18: Daily Technical & Trading Outlook GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 18 Nov 2015 00:17GMT
Trend Daily Chart
Down
Daily Indicators
Bullish convergences
21 HR EMA
1.5208
55 HR EMA
1.5205
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
56
14 HR DMI
+ve
Daily Analysis
One more rise b4 strg retreat
Resistance
1.5302 - 61.8% proj. of 1.5027-1.5265 fm 1.5155
1.5265 - Last Fri's high
1.5247 - Last Thur's high
Support
1.5182 - Mon's low
1.5155 - Y'day's low
1.5133 - Last Wed's European low
. GBP/USD - 1.5217... The British pound fell in tandem with euro to session lows of 1.5155 in European morning on Tue b4 rebounding to 1.5217 after inline UK inflation data, price later climbed to 1.5239 n NY b4 retreating.
. On the bigger picture, although cable's break of Sep/Oct's low at 1.5107 to 1.5027 in the 1st week of Nov signals correction fm 2015 near 5-year low at 1.4566 (Apr) has ended earlier at 1.5930 (May) n weakness to 1.4966, then 1.4827
would be seen, being 70.7% n 80.9% retracements respectively of aforesaid upmove fm 1.4566 to 1.5930. Having said that, last week's stronger-than-expected rise to 1.5265 suggests decline fm 1.5930 (Jun) has made a temporary low n 1.5295/00 needs to hold for prospect of another fall. Abv 1.5300 would risk stronger correction to 1.5335 but 1.5372 (38.2% r of 1.5930 to 1.5027) should remain intact.
. Today, cable's rally fm y'day's 1.5155 to as high as 1.5239 suggests pull back fm 1.5265 (Fri) has ended n said corrective rise fm 1.5027 may resume, abv 1.5242/47 would confirm this view, however, as hourly indicators would display 'bearish divergences' on next rise, reckon 1.5302 would cap upside n yield strg retracement of indicated upmove fm 1.5027 later.
AceTraderFx Nov 18: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 18 Nov 2015 08:10 GMT
USD/JPY - 123.25
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 19: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
19 Nov 2015 01:16GMT
USD/JPY - ....... The greenback rose from European low at 123.22 to 123.61 in New York morning and briefly spiked down to 123.36 after the release of FOMC minutes.
However, dlr swiftly rose to intra-day high at 123.77 as the minutes showed chances of a rate hike in December are higher than before. Later profit-taking offers pressured the pair lower and price retreated to 123.46 at Tokyo open and remains under pressure.
BoJ will announce its rate decision at around 03:00GMT. Although there is no change expected, traders will await BoJ Governor Kuroda's press conference at 06:30GMT.
Recent data has painted a bleak picture of the Japan economy and pressure has increased on the central bank Chief to introduce new monetary easing measures.
Bids have now been lowered to 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.70/80, suggesting near term mild downside bias would be seen but position traders should look to buy on intra-day dips for a resumption of recent uptrend later.
Data to be released on Thursday:
New Zealand producer prices inputs, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade.
AceTraderFx Nov 19: Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
19 Nov 2015 02:25GMT
GBP/USD- ....... Although the British pound rose to 1.5249 in European morning, price pared its gains and fell to 1.5188 at New York midday.
However, renewed buying there lifted the pair and cable rebounded to 1.5243 in New York afternoon before rallying in Asian morning in tandem with euro to as high as 1.5295 on broad-based weakness in the greenback.
Pay attention to the release of UK retail sales mm n yy at 09:30GMT. Street forecasts are -0.5% n 4.2% vs prev. readings of 1.9% n 6.5%.
Bids are now raised to 1.5260/70 and more below at 1.5240/50 with stops building up below there whilst initial offers are noted at 1.5330/40, suggesting buying on dips is the favored strategy.
AceTraderFx Nov 20: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
20 Nov 2015 01:27GMT
USD/JPY- .......... The greenback fell sharply to 123.09 in Asian morning yesterday and continued to ratchet lower throughout European session. Price eventually fell to an intra-day low at 122.62 on broad-based profit-taking in the buck. However, dlr pared its losses and staged a rebound to 122.89 in New York afternoon, then higher to 123.05 in Tokyo morning today.
Since there is no eco. data due today, price is likely to trade in sideways manner below Wed's post-FOMC high at 123.77.
Offers are now seen at 123.20/30 n more below at 123.40/50 with stops building up above there whilst initial bids are noted at 122.50.
Data to be released on Friday:
Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash.
AceTraderFx Nov 20: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
20 Nov 2015 02:05GMT
EUR/USD- ....... Despite yesterday's rally from European low at 1.0667 to as high as 1.0763 at New York midday on broad-based dlr weakness, the single currency pared its gains n retreated to 1.0717 in New York afternoon before recovering.
However, renewed selling at 1.0740 near New York closing pressured the pair lower and euro retreated to 1.0710 in Asian morning today.
Although there is no major eco. data due today, traders will pay attention to ECB President Draghi's speech at 08:00GMT. The central bank head has been under pressure to introduce new monetary easing measures to stimulate the region's economy n push prices towards their inflation target.
Offers are now seen at 1.0720/30 and more above at 1.0750/60 with stops building up above there whilst initial bids are noted at 1.0670/80, suggesting near term downside bias would be seen, hence selling on pullback is the favored strategy.
AceTraderFx Nov 20: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 20 Nov 2015 08:20 GMT
USD/JPY - 123.01
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 23: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
Update Time: 23 Nov 2015 01:19GMT
USD/JPY - ...... The greenback met selling interest at 122.92 at NY close on Fri n despite a brief retreat to 122.76 in New Zealand, price found support above last Thursday's low at 122.62 n staged a rebound to 123.00 at Asian open in thin trading conditions as Japanese markets will remain closed for Labour Thanksgiving Day holiday on Monday.
Pay attention to the release of U.S. manufacturing PMI at 14:45GMT. Street forecast is for a slight decrease to 54.0 fm prev. reading of 54.1.
Offers are now raised to 123.10/20 n more above at 123.30/40 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting choppy trading would be seen ahead of European open.
Data to be released:
Japan manufacturing PMI. France mfg PMI, Service PMI, Germany Mfg PMI, Service PMI, EU Mfg PMI, Service PMI, U.S. national activity index, Mfg PMI and existing home sales on Monday.
Germany GDP, business climate, current conditions, expectation, France business climate, Swiss non-farm payroll, U.K. distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, caseshiller, consumer confidence, comp index,mfg shipments and services index on Tuesday.
Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales on Wednesday.
New Zealand trade export, trade import, trade balance, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP on Thursday.
Japan jobs/applicants ratio, unemployment rate, household spending, CPI, foreign bond investment, foreign invest JP stock, New Zealand business outlook, U.K. consumer confidence, national house price, Germany import price index, consumer sentiment, France consumer spending, producer prices, Italy business confidence, consumer confidence, EU business climate, inflation expectation, consumer confidence, economic sentiment, industrial sentiment, service sentiment, selling price expectation, Canada producer prices, raw material prices and U.S. U Mich sentiment prelim on Friday.
AceTraderFx Nov 23: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
23 Nov 2015 02:05GMT
EUR/USD - ...... Despite a brief rebound to 1.0708 in New York morning on Friday, the single currency met renewed selling there and retreated strongly to 1.0641 in New York afternoon.
Euro remained under pressure in New Zealand and Australia and dropped to 1.0613 in Asian morning and continues to edge lower, following the hawkish comments from ECB President Mario Draghi over the weekend.
France, Germany and EZ will release their figures of manufacturing PMIs today and any downbeat figures will further bolster the case of a more loose monetary by the ECB.
Bids are now seen at 1.0605/10 amidst market rumours of substantial barriers around the 1.06 level, suggesting mild upside bias remains in the near term.
However, offers are noted at 1.0660/70 and more above at 1.0680/90.