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AceTraderforex : Daily Market Outlook on Majors EUR/USD |
Apr 15, 2015, 02:57 AM
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#21
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Apr 15, 2015, 02:57 AM
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#21
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AceTraderFx Apr 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD Update Time: 15 Apr 2015 01:23 GMT EUR/USD - 1.0635 Despite euro's rally from 1.0532 to as high as 1.0708 on Tuesday, subsequent retreat suggests the rebound from Monday's near 1-month trough at 1.0521 has possibly ended there and consolidation with downside bias would be seen, a break of 1.0611 (previous resistance) would confirm this view and yield weakness to 1.0558/60, then re-re-test of 1.0521 later. On the upside, only above 1.0708 would bring stronger retracement of recent erratic decline from March's peak at 1.1062 to 1.0738 and then 1.0778. |
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Apr 16, 2015, 03:07 AM
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#22
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Apr 16, 2015, 03:07 AM
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#22
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AceTraderFx Apr 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD DAILY MARKET OUTLOOK Update Time: 16 Apr 2015 01:09 GMT Euro's intra-day breach of Tuesday's high of 1.0708 to 1.0746 shortly after Asian open signals erratic rise from Monday's 4-week trough at 1.0521 has resumed and further gain to 1.0778-1.0789 would be seen. However, reckon 1.0803 (previous sup, now resistance) would cap upside due to near term loss of momentum and yield retreat later. On the downside, only a move back below 1.0664 (Wed's NY afternoon sup) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25. |
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Apr 17, 2015, 03:26 AM
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#23
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Apr 17, 2015, 03:26 AM
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#23
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AceTraderFx Apr 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD Update Time: 17 Apr 2015 01:20 GMT EUR/USD - 1.0775 Euro's rally above Wednesdays high of 1.0747 to 1.0818 yesterday signals erratic rise from Monday's 4-week trough at 1.0521 to retrace the entire fall from March's peak at 1.1062 has resumed and further gain to 1.0855 (61.8% r of 1.1062-1.0521) would be seen. However, near term overbought condition should prevent sharp move beyond there today and risk has increased for a strong retreat later. On the downside, only a daily close below 1.0685 (yesterday's New York morning support) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25. |
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Apr 20, 2015, 02:59 AM
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#24
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Apr 20, 2015, 02:59 AM
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#24
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AceTraderFx Apr 20: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD Update Time: 20 Apr 2015 01:17 GMT EUR/USD - 1.0811 Despite euro's retreat after extending last week's upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York. This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March's peak at 1.1062 towards 1.0890/00. On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50. |
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Apr 21, 2015, 02:37 AM
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#25
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Apr 21, 2015, 02:37 AM
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#25
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AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD Update Time: 21 Apr 2015 01:22 GMT EUR/USD - 1.0742 Despite euro's retreat after extending erratic rise from last Monday's 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March's peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains. Reckon 1.0680/85 would contain weakness and yield rebound later. Above 1.0805 (Monday's top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90. |
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Sep 7, 2015, 03:13 AM
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#26
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Group: Members Posts: 861 Joined: July 31, 2013 From: Hong Kong Member No.: 22,154 |
Sep 7, 2015, 03:13 AM
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#26
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AceTraderFx Sept 7: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK Update Time: 07 Sep 2015 01:29 GMT EUR/USD - 1.1160 Despite the greenback's rally to 121.74 last Friday, intra-day sharp retreat suggests the 1st leg of correction from last Monday's low at 116.15 has possibly ended there and consolidation with downside bias would be seen for weakness towards 118.92. However, steep fall below there is unlikely to be seen today and reckon aforesaid support should remain intact and yield a rebound later. On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74. |
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