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AceTraderfx : DAILY TECHNICAL OUTLOOK ON Majors |
Jan 28, 2014, 03:21 AM
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#41
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Jan 28, 2014, 03:21 AM
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#41
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AceTraderFx Jan 28: Daily Outlook on Major USD/JPY
Daily Recommendations on USD/JPY 28 Jan 2014 00:07 GMT DAILY OUTLOOK ON USD/JPY - 102.55 Although USD's rebound from Mon's 7-week bottom of 101.77 to 102.93 signals recent fall from Jan's 5-yr peak at 105.45 has made a minor low, subsequent retreat to 102.20 in NY suggests as long as 102.93 holds, decline would resume to 101.62, then 101.40. |
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Jan 30, 2014, 09:08 AM
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#42
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Jan 30, 2014, 09:08 AM
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#42
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AceTraderFx Jan 30 : Daily Technical Outlook on Major EUR/USD
DAILY TECHNICAL OUTLOOK ON EUR/USD 30 Jan 2014 01:01GMT Trend Daily Chart Sideways Daily Indicators Turning up 21 HR EMA 1.3659 55 HR EMA 1.3661 Trend Hourly Chart Sideways Hourly Indicators Neutral 13 HR RSI 50 14 HR DMI -ve Daily Analysis Consolidation with mild upside bias Resistance 1.3740 - Last Fri's high 1.3716 - Mon's high 1.3688 - Tue's high Support 1.3603 - Y'day's low 1.3584 - Last Wed's high, now sup 1.3508 - Jan 20 low . EUR/USD - 1.3662 ... The single currency went through a 'roller-coaster' session on Wed. Despite a brief bounce to 1.3685 in Europe, euro retreated after failing to penetrate previous res area at 1.3686/89 n then tumbled to session low of 1.3603 in NY morning b4 rebounding to 1.3677 ahead of FOMC. . Despite y'day's brief breach of indicated sup at 1.3625 to 1.3603, subse quent bounce to 1.3677 suggests further 'choppy' consolidation abv last Mon's 7- week trough at 1.3508 wud be seen n as long as said y'day's low holds, upside bias still remains. However, a firm breach of 1.3686/89 is needed to signal the pullback fm last Fri's high at 1.3740 has ended there n extend upmove to 1.3716 (Mon's high), abv suggesst upmove fm 1.3508 has resumed n yield re-test of 1.37 40 (Fri's high), abv wud bring subsequent headway to 1.3812/33, break confirms correction fm Dec's 2-year peak at 1.3894 has indeed ended n yield re-test of said res next week. . In view of abv analysis, buying euro on dips in anticipation of another rebound is cautiously favoured. On the downside, only a daily close below 1.3584 (last Wed's high, now sup) signals recovery fm 1.3508 is over, 1.3530, 1.3508. |
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Feb 4, 2014, 09:01 AM
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#43
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 4, 2014, 09:01 AM
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#43
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AceTraderFx Feb 4: Daily Technical Market Outlook on Major USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK 04 Feb 2014 00:14GMT Trend Daily Chart Falling Daily Indicators Falling 21 HR EMA 101.47 55 HR EMA 101.91 Trend Hourly Chart Falling Hourly Indicators Rising fm o/s 13 HR RSI 36 14 HR DMI -ve Daily Analysis Resumption of recent decline Resistance 102.41 - Last Fri's NY high 102.14 - Y'day's NY high 101.77 - Last Mon's low, now res Support 100.77 - Y'day's NY low 100.62 - Sep 11 2013 high 100.30 - Equality proj. of 104.92-101.77 fm 103.45 . USD/JPY - 101.18... Despite dlr's recovery fm 101.98 (NZ) to 102.41 in Asia on Mon, broad-based buying of yen on risk aversion pressured price below last Mon's 7-week low at 101.77 to 101.67 in Europe. Later, dlr tumbled to 100. 77 in NY after release of disappointing U.S. ISM manuf. report b4 recovering. . Looking at the daily chart, y'day's sharp selloff below 101.77 to 100.77 confirms decline fm Jan's 5-year peak at 105.45 to retrace intermediate MT rise fm 95.81 (Aug low in 2013) has resumed n despite subsequent recovery, as price is still trading below both 21-hr n 55-hr emas, suggesting bias for dlr remains to the downside, a breach of said sup shud send dlr lower to next downside obj. at 100.30, being equality projection of intermediate fall fm 104.92-101.77 mea- sured fm 103.45, however, a daily close below there is needed to retain bearish prospect of further losses twd 99.60 (50% r fm 93.75) later this week. . In view of abv analysis, selling dlr on intra-day recovery in anticipation of aforesaid fall is favoured n only abv 102.14 (y'day's NY morning high) wud indicate a temporary low is made n may risk stronger retracement to 102.41, being y'day's n as well as last Fri's NY high, b4 down. |
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Feb 5, 2014, 03:19 AM
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#44
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 5, 2014, 03:19 AM
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#44
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AceTraderFx Feb 5: Daily Market Outlook on Major EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3520 05 Feb 2014 01:06 GMT The single currency rebounds from Monday's low at 1.3477 to 1.3539 on Tuesday suggests choppy trading would be seen but as long as resistance at 1.3574 holds. Daily bearishness remains for another sell-off later this week, breach of said support would indicate decline from December's 2-year peak at 1.3894 has once again resumed and then further weakness to 1.3455 and 1.3410/20 would follow. On the upside, only a daily close above 1.3603/09 would shift risk to upside instead for stronger retracement to 1.3640/50 and possibly 1.3685/88. |
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Feb 6, 2014, 03:48 AM
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#45
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 6, 2014, 03:48 AM
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#45
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AceTraderFx Feb 6: Daily Market Outlook on Major – EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3531 06 Feb 2014 01:10 GMT Despite euro's volatile trading on Wednesday, as price has retreated after being capped below yesterday's New York morning high of 1.3555, suggesting recovery from Monday's 2-month low at 1.3477 has ended there and consolidation with downside bias remains, however, breach of said support is needed to confirm decline from December's 2-year peak at 1.3894 has resumed and extend weakness to next retracement objective at 1.3455 and later towards 1.3399. On the upside, only a firm breach of chart resistance at 1.3574 would confirm a temporary low is in place and turn outlook mildly bullishness instead for gain to 1.3603/09 and then 1.3640 |
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Feb 7, 2014, 04:07 AM
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#46
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 7, 2014, 04:07 AM
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#46
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AceTraderFx Feb 7: Daily Market Outlook on Major EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3590 Update Time: 07 Feb 2014 01:35 GMT Yesterday rally from 1.3482 to 1.3619 on Thursday after ECB'S President Mario Draghi refraining from any additional stimulus measures announcement signals decline from December's 2-year peak at 1.3894 has made a temporary low earlier at Monday's 2-month trough at 1.3477. Consolidation with upside bias remains, above said overnight resistance at 1.3619 would bring stronger retracement to 1.3640 and then 1.3665/70, however, near term over bought condition should cap price below chart res sat 1.3686 and yield retreat later. On the downside, only a daily close below 1.3508 (previous daily support level) would indicate aforesaid correction is over instead and bring re-test of 1.3477, break, 1.3455 and then towards 1.3399. |
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Feb 11, 2014, 03:59 AM
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#47
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 11, 2014, 03:59 AM
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#47
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AceTraderFx Feb 11: Daily Market Outlook on Major – USD/EUR
DAILY MARKET OUTLOOK EUR/USD - 1.3667 Update Time: 11 Feb 2014 01:40 GMT Euro's intra-day rally above yesterday's high at 1.3652 to 1.3678 suggests near term rise from last Monday's trough at 1.3477 to retrace decline from December's 2-year peak at 1.3894 remains in progress and further gain to 1.3685/88, then 1.3716 would be seen, however, near term loss of momentum would keep price well below resistance at 1.3740 and yield retreat later. On the downside, only below 1.3576 would indicate a temporary top has been made and bring stronger correction towards 1.3552. |
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Feb 19, 2014, 09:18 AM
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#48
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 19, 2014, 09:18 AM
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#48
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AceTraderFx Feb 19: Daily Technical Outlook on Major – USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK Last Update At 19 Feb 2014 00:12GMT Trend Daily Chart Down Daily Indicators Falling 21 HR EMA 0.8891 55 HR EMA 0.8907 Trend Hourly Chart Down Hourly Indicators Bullish convergences 13 HR RSI 29 14 HR DMI -ve Daily Analysis Resumption of recent decline Resistance 0.9038 - last Wed's high 0.8989 - last Tue's high 0.8949 - last Thur's NY res Support 0.8870 - Y'day's low 0.8860 - Dec 30 low 0.8800 - Dec 27 low . USD/CHF - 0.8879... Despite dlr's recovery fm Monday's low at 0.8900 to 0.8929 in Asia on Tuesday, intra-day rally in euro together with selling in eur/chf cross pressured price lower in Europe n dlr later fell to a fresh 6-week trough at 0.8870 in NY morning b4 stabilizing. . Looking at the hourly n daily charts, y'day's fall below Mon's low at 0.8900 to 0.8870 suggests bias for dlr remains to the downside n decline fm Jan's peak at 0.9156 shud pressure price further to 0.8860 n then 0.8832, being Dec 30 low n Dec 17 low respectively, after consolidation. However, as hourly oscillators wud display prominent bullish convergences on such move, sharp fall below there is unlikely to be seen n reckon Dec's 2-year low at 0.8800 wud hold on 1st testing n yield minor correction later this week. Looking ahead, a daily close below 0.8800 wud confirm MT downtrend fm 2012 peak at 0.9972 has 'finally' resumed n extend weakness twd 0.8700 in late Feb/early Mar. . In view of abv analysis, selling dlr on intra-day recovery is still favored today but one shud take profit on next decline. On the upside, only abv 0.8949 wud indicate a temporary low has been made n risk retracement to 0.8989. |
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Feb 20, 2014, 09:41 AM
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#49
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 20, 2014, 09:41 AM
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#49
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AceTraderFx Feb 20: Daily Technical Outlook on Major – GBP/USD
DAILY TECHNICAL OUTLOOK ON GBP/USD Update At 20 Feb 2014 00:51GMT Trend Daily Chart Up Daily Indicators Rising 21 HR EMA 1.6689 55 HR EMA 1.6693 Trend Hourly Chart Sideways Hourly Indicators Neutral 13 HR RSI 44 14 HR DMI -ve Daily Analysis Initial decline b4 rebound Resistance 1.6823 - Mon's fresh 4-year high 1.6796 - Hourly chart 1.6742 - Tue's high Support 1.6637 - Y'day's low 1.6600 - Hourly chart 1.6558 - Prev. res, now sup . GBP/USD - 1.6678... Despite cable's brief rebound to 1.6734 in European morning y'ay, price tumbled to 1.6660 after higher-than-expected U.K. unemploy- ment rate n then to 1.6537 ahead of NY open. Later, cable recovered on short- covering to 1.6725 in NY morning b4 falling again after FOMC minutes. . Looking at the hourly n daily charts, y'day's firm breach of Tue's low at 1.6655 to 1.6637 confirms corrective decline fm Mon's 4-year peak at 1.6823 has resumed n as long as res area at 1.6734/42 (y'day's high n Tue's high) holds, downside bias remains for aforesaid fall to retrace MT uptrend fm 2013 bottom at 1.4814 (Jul) to extend marginally, however, as houly oscillators' readings wud display 'bullish convergences' on next decline, reckon 1.6600/05, hourly chart lvl n the 'minimum' 38.2% r of intermediate rise fm 1.6252-1.6823, wud contain weakness n yield rebound later. . In view of abv analysis, although selling cable on intra-day recovery is favoured, day traders shud buy the pound on next decline. On the upside, a daily close abv the said res area at 1.6724-42 wud be the 1st signal correction is over n yield further gain twd 1.6796, then re-test of 1.623 next week. |
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Feb 24, 2014, 04:04 AM
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#50
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 24, 2014, 04:04 AM
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#50
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AceTraderFx Feb 24: Daily Market Outlook on Major - EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3739 Update Time: 24 Feb 2014 00:33 GMT Despite Friday's brief but sharp rebound to 1.3758, subsequent retreat to 1.3720 suggests initial consolidation would be seen and marginal weakness from here cannot be ruled out, however, support at 1.3702 should contain downside and yield strong rebound later today. Above 1.3758 would retain bullishness for a re-test of last week's high at 1.3773, break would extend gain towards 1.3819/20. On the downside, only below 1.3685 would abort intra-day bullish view and risk stronger retracement of rise from February's low at 1.3477 towards 1.3619. |
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Feb 26, 2014, 04:13 AM
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#51
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 26, 2014, 04:13 AM
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#51
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AceTraderFx Feb 26: Daily Recommendations on Major - USD/JPY
DAILY OUTLOOK ON USD/JPY - 102.19 Update Time: 25 Feb 2014 23:27 GMT Yesterday's weakness to 102.01 suggests erratic rise from Feb's 10-week trough at 100.76 has made a temp. top at 102.83 last Fri and as long as res area 102.63 /68 holds, downside bias remains for a stronger re- tracement to 101.67 but sup 101.38 would hold. |
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Feb 27, 2014, 08:47 AM
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#52
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 27, 2014, 08:47 AM
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#52
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AceTraderFx Feb 27: Daily Technical Outlook on Major – USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK 27 Feb 2014 00:28GMT Trend Daily Chart Sideways Daily Indicators Falling 21 HR EMA 0.8899 55 HR EMA 0.8889 Trend Hourly Chart Nr term up Hourly Indicators Easing fm o/bot 13 HR RSI 63 14 HR DMI +ve Daily Analysis Consolidation with upside bias Resistance 0.8989 - Feb 11 top 0.8967 - Min. 38.2% r of 0.9156-0.9050 0.8930 - Y'day's low Support 0.8892 - Tue's high (now sup) 0.8850 - Mon's low 0.8800 - Dec 2-year low (27th) . USD/CHF - 0.8910... Although dlr traded sideways after finding sup at 0.8867 in Asia on Wed, price started to ratchet higher in Europe due to euro's intra-day weakness. Later, dlr rallied to 0.8930 in NY morning as U.S. Jan new home sales rose unexpectedly b4 retreating to 0.8904 near NY close. . Looking at hourly n daily charts, y'day's breach of indicated res at 0.8910/15 (Mon's high n Feb's 20 high respectively) confirms decline fm Jan's peak at 0.9156 has formed a temporary bottom at Mon's 8-week trough at 0.8850 n as long as this sup holds, consolidation with upside bias remains for gain twd 0.8967, being 'minimum' 38.2% r of 0.9156-0.8850, however, as hourly oscillators wud be in o/bot territory on such a move, measured res at 0.8993/03, 61.8% r of intermediate fall fm 0.9082-0.8850 n also a 'natural' 50% r of aforesaid entire decline respectively, shud hold n yield strg retreat later. . In view of abv analysis, buying dlr on intra-day pullback is favoured but one shud be prudent to take profit twd 0.8960/70. On the downside, only a break below 0.8850 sup wud revive early bearishness instead for subsequent weakness twd Dec's 2-year trough at 0.8800 tom or early next week. |
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Feb 28, 2014, 09:37 AM
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#53
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Feb 28, 2014, 09:37 AM
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#53
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AceTraderFx Feb 28 : Daily Technical Outlook on Major – GBP/USD
DAILY TECHNICAL OUTLOOK ON GBP/USD Last Update At 28 Feb 2014 01:21GMT Trend Daily Chart Up Daily Indicators Rising 21 HR EMA 1.6677 55 HR EMA 1.6671 Trend Hourly Chart Sideways Hourly Indicators Rising 13 HR RSI 63 14 HR DMI +ve Daily Analysis Consolidation with upside bias Resistance 1.6823 - Last Mon's 4-year high 1.6776 - Last Mon's NZ res 1.6728 - Tue's high Support 1.6617 - Y'day's low 1.6583 - Mon's low 1.6537 - 50% r of 1.6252-1.6823 . GBP/USD - 1.6691 ... The British pound continued to fluctuate wildly on Thur. Although cable weakened fm Asian high at 1.6683 to 1.6617 in European morning, renewed buying interest there lifted price n sterling later rallied back to 1.6699 after dovish remarks by Fed Chair Janet Yellen b4 stabilising. . Despite y'day's brief drop below Wed's low at 1.6622 to 1.6617, cable's subsequent rebound after holding well abv Mon's low at 1.6583 suggests further 'choppy' sideways trading inside near term established broad range of 1.6583- 1.6728 wud continue with upside bias for gain to 1.6728 res (Tue's high), however, break is needed to signal the corrective fall fm last Mon's 4-year peak at 1.6823 has indeed ended at 1.6583 (Mon) n a daily close abv 1.6734/42, Feb 19 high n Feb 18 top respectively wud add credence to this view n yield possible resumption of MT uptrend for re-test of 1.6823 later next week. . Today, we're holding a long position in anticipation of further gain. On the downside, only below 1.6617 wud shift risk to the downside for a re-test of Mon's low at 1.6583, below wud bring stronger retracement of MT intermediate fm rise 1.6252 twd 1.6537 (being 50% r of 1.6252-1.6823) b4 prospect of recovery. |
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Mar 3, 2014, 10:05 AM
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#54
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 3, 2014, 10:05 AM
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#54
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AceTraderFx Mar 3: Weekly Technical Outlook on Major - USD/JPY
WEEKLY USD/JPY TECHNICAL OUTLOOK 03 Mar 2014 00:47GMT Trend Daily Chart Sideways Daily Indicators Falling 21 HR EMA 101.76 55 HR EMA 101.95 Trend Hourly Chart Down Hourly Indicators Oversold 13 HR RSI 30 14 HR DMI -ve Daily Analysis Consolidation with downside bias Resistance 102.83 - Feb 21 high 102.30 - Fri's high 101.72 - Thur's low (now res) Support 101.27 - Intra-day low 100.76 - Feb 04 low 100.19 - 61.8% r of 96.94-105.45 . USD/JPY - 101.37... Although the greenback traded sideways initially last Mon, price weakened to 102.01 on Tue b4 staging a rebound to 102.61 Wed. Renewed selling there on risk aversion pressured the pair lower to 101.55 on Fri, then to 101.27 in Australia today due heightened political tension in Ukraine. . Looking at the hourly n daily charts, intra-day break of key sup at 101.38 confirms the correction fm Feb's 10-week low at 100.76 has ended at 102.83 (Feb 21) n as price is trading below 21h n 55h EMAs, consolidation with downside bias remains for erratic decline fm Jan's 5-year peak at 105.45 to resume n yield re- test of aforesaid low, break wud retain bearishness for further weakness twds 100.19, being the 'dynamic' 61.8% r of the rise fm 96.94 to 105.45. However, as hourly oscillators wud be in o/sold territory on such move, sharp fall below there is unlikely to be seen n psychological sup at 100.00 shud hold n yield strg rebound later this week. . Today, in view of abv analysis n continued political tensions in Ukraine, selling on recovery is the way to go. Only a daily close abv 102.30 wud abort bearish scenario n risk gain twds 102.61/68 but 102.83 shud hold initially. |
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Mar 4, 2014, 09:25 AM
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#55
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 4, 2014, 09:25 AM
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#55
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AceTraderFx Mar 4: Daily Technical Outlook on Major USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK 04 Mar 2014 01:08GMT Trend Daily Chart Down Daily Indicators Falling 21 HR EMA 0.8820 55 HR EMA 0.8829 Trend Hourly Chart Sideways Hourly Indicators Rising 13 HR RSI 60 14 HR DMI +ve Daily Analysis Choppy trading to continue Resistance 0.8930 - Last Wed's high 0.8889 - Last Fri's high 0.8850 - Last Mon's low (now sup) Support 0.8777 - Last Fri's fresh 2-year low 0.8742 - 100% proj. of 0.9038-0.8850 fm 0.8930 0.8674 - .618 ext. of 09156-0.8904 fm 0.9082 . USD/CHF - 0.8805... Dlr found support after a brief selloff fm 0.8809 to 0.8783 in Aust. on Mon on short-covering in eur/chf cross n price later edged higher to 0.8812 in early Europe n continued to strengthen after release of upbeat U.S. eco. data, posting session high at 0.8836 in NY afternoon. . Looking at the hourly n daily charts, dlr's rebound to 0.8836 suggests 1-2 days of choppy trading abv last Fri's fresh 2-year bottom at 0.8777 wud be seen b4 MT downtrend fm 0.9972 (2012 top) resumes for a re-test of said sup. A stronger recovery twd 0.8854, being the 'natural' 50% r of intermediate fall fm 0.8930-0.8777, cannot be ruled out, however, reckon chart res at 0.8889 (last Fri's high) wud hold n downside bias remains for another fall later. Looking ahead, a breach of 0.8777 wud confirm aforesaid decline to correct early LT uptrend fm 2011 record low at 0.7072 has resumed n price shud en route to 0.86 36, being 50% projection of the intermediate fall fm 0.9839 (2013 peak) to 0.8800 measured fm 0.9156, later this month. . In view of abv analysis, we're standing aside initially n wud sell on recovery twd 0.8889 as only abv 0.8930 aborts bearishness, risks gain to 0.8989. |
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Mar 10, 2014, 04:20 AM
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#56
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 10, 2014, 04:20 AM
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#56
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AceTraderFx Mar 10: Daily Market Outlook on Major - EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3887 Update Time: 10 Mar 2014 01:05 GMT Although price has rebounded after sharp retreat from last Friday's fresh 2-year peak at 1.3915 to 1.3853 and minor consolidation would be seen in Asia today, as aforesaid move signals a temporary top has been made there, outlook remains mildly bearish for a stronger retracement to 1.3795/00. However, sharp fall below there is unlikely to be seen and support at 1.3776 would hold and yield strong recovery later. On the upside, only a daily close above 1.3915 would revive bullishness for further gain to 1.3939, then 1.3950/55 before prospect of a correction. |
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Mar 13, 2014, 03:21 AM
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#57
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 13, 2014, 03:21 AM
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#57
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AceTraderFx March 13: Daily Recommendations on Major – EUR/USD
DAILY MARKET OUTLOOK EUR/USD - 1.3860 Update Time: 12 Mar 2014 01:41 GMT Despite euro's retreat to 1.3834 yesterday, subsequent rebound to 1.3877 in New York afternoon suggests the correction from last Friday's fresh 2-year high at 1.3915 has possibly ended there and consolidation with upside bias would be seen, however, above Monday's high at 1.3897 is needed to confirm this view and yield resumption of medium-term uptrend for a re-test of said top. On the downside, only a daily close below 1.3825 (previous resistance, now support) would indicate a temporary top has been made and bring retracement towards 1.3776. |
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Mar 14, 2014, 09:05 AM
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#58
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 14, 2014, 09:05 AM
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#58
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AceTraderFx March 14: Daily Technical Outlook on Major – USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK Last Update At 14 Mar 2014 00:58GMT Trend Daily Chart Down Daily Indicators Falling 21 HR EMA 0.8739 55 HR EMA 0.8748 Trend Hourly Chart Sideways Hourly Indicators Rising 13 HR RSI 59 14 HR DMI +ve Daily Analysis Consolidation with upside bias Resistance 0.8859 - Last Wed's low (now res) 0.8816 - Last Fri's high 0.8764 - Y'day's high Support 0.8698 - Y'day's fresh 2-1/4 year low 0.8674 - 1.618 times ext. of 0.9156-0.8904 fm 0.9082 0.8636 - 50% proj. of 0.9839-0.8800 fm 0.9156 . USD/CHF - 0.8752... Dlr met renewed selling at 0.8749 in Asia on Thur n price easily penetrate Wed's NY low at 0.8734 to a fresh 2-1/4 year trough at 0.8698 in European morning. Later, dlr staged a rally to 0.8764 in NY afternoon, due partly to the selloff in euro b4 trading sideways. . Looking at the hourly n daily charts, y'day's rally fm a fresh 2-1/4 year trough at 0.8698 together with prominent bullish convergences appearing on hourly indicators suggest MT downtrend fm 2012 peak at 0.9972 has formed a temporary bottom there n as price wud at least retrace the intermediate fall fm 0.9038 (Feb 12 peak), upside bias remains for gain to 0.8828, being the minimum 38.2% r, abv wud extend marginally but res area 0.8859/68 (last Wed's low, now res n 50% r of 0.9038-0.8698 resp.) shud hold today n yield retreat. Looking ahead, a daily close below 0.8698 wud revive bearishness for a resumption of MT fall twds 0.8674 (1.618 times ext. of 0.9156-0.8904 measured fm 0.9082), then 0.8636, being 50% proj. of 0.9839-0.8800 measured fm 0.9156. . Today, in view of nr term bullish bias, we are holding a long position entered in NY for gain to 0.8830 n a stop placed at 0.8720. |
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Mar 17, 2014, 10:55 AM
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#59
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 17, 2014, 10:55 AM
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#59
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AceTraderFx March 17: Daily Technical Outlook on Major – GBP/USD
WEEKLY TECHNICAL OUTLOOK ON GBP/USD Last Update At 17 Mar 2014 00:07GMT Trend Daily Chart Up Daily Indicators Turning down 21 HR EMA 1.6631 55 HR EMA 1.6632 Trend Hourly Chart Sideways Hourly Indicators Rising 13 HR RSI 53 14 HR DMI +ve Daily Analysis Choppy trading to continue Resistance 1.6745 - Last Mon's high (NZ) 1.6719 - Last Thur's high 1.6686 - Hourly res Support 1.6605 - Hourly sup 1.6587 - Last Fri's low 1.6568 - Last Wed' 3-week low . GBP/USD - 1.6635... Although weakness in sterling last week pressured the pound below previous daily sup at 1.6583 to a 30-week trough of 1.6568, broad-based short-covering lifted cable to as high s 1.6719 Thur but only to fall sharply back to as low as 1.6587 Fri b4 staging another bounce. . Cable's aforesaid strg bounce fm 1.6568 to 1.6719 suggests correction fm Feb's 4-year peak at 1.6823 has possibly ended there n initial consolidation is in store this week, abv 1.6719 wud add credence to this view, then price shud head twd pivotal res at 1.6787, break wud encourage for a re-test of 1.6823 n later twd 1.6921, this is 61.8% proj. of MT intermediate rise fm 1.6252-1.6823 measured fn 1.6568. On the downside, below 1.6568 wud confirm MT rise fm 2013 3- year trough at 1.4814 has formed a temporary there, then risk wud shift to the downside for weakness twd 1.6470, this is 61.8% r of the intermediate rise fm 1.6252-1.6823. . Today, in view of abv analysis n intra-day neutral outlook on cable, we are standing aside initially n may trade fm both sides of the market for short trade. However, as long as Fri's low at 1.6587 holds, price may ratchet higher |
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Mar 21, 2014, 09:53 AM
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#60
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Mar 21, 2014, 09:53 AM
Post
#60
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AceTraderFx March 21: Daily Technical Outlook on Major – USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK Last Update At 21 Mar 2014 00:50GMT Trend Daily Chart Sideways Daily Indicators Turning up 21 HR EMA 102.36 55 HR EMA 102.13 Trend Hourly Chart Near term up Hourly Indicators Turning down 13 HR RSI 56 14 HR DMI +ve Daily Analysis Consolidation b4 one more rise Resistance 103.77 - Mar's high (07) 103.10 - Last Wed's high 102.69 - Wed's high Support 102.21 - Y'day's low 101.94 - Tue's high, now sup 101.69 - Wed's European morning high . USD/JPY - 102.38... Despite dlr's rally to 102.69 on Wed after Fed chief Yellen's hawkish comments, dlr retreated to 102.21 ahead of European open as decline in Asian equities led buying of yen. Price rebounded to 102.55 ahead of NY open but later moved sideways inside a narrow range of 102.31-102.54 in NY. . As mentioned in our previous update, dlr's rally abv Tue's top of 101.94 to as high as 102.69 confirms fall fm Mar's peak at 103.77 has ended at 101.21 last Fri n further 'choppy' trading inside recent established broad range of 100.76-103.77 wud continue. As dlr's rally on Wed suggests consolidation with upside bias remains, stronger gain twd 103.10 (last Wed's high) is envisaged later today or early next week, however, as hourly oscillators wud in o/bot territory on such move, reckon price wud falter below chart res at 103.43 (last Tue's high) n yield strg retreat later. . Today, we're holding a long dlr position in anticipation of gain to 103.00, however, profit shud be taken on subsequent rise. On the downside, a daily close below 101.94 (previous top, now sup) wud be the 1st signal rebound fm 101.21 has ended, then risk wud shift to the downside for weakness to 101.49/52. |
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