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Trade Idea: AUD/USD - Hold Long Entered At 0.9240
Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat —
Authority: 168
The Australian dollar did rebounded in line with our expectation, retaining our view that the correction from 0.9370 has ended at 0.9211 and bullishness remains for upmove to resume for retest of said resistance. However, break there is needed to signal upmove has resumed towards indicated next upside targets at... ...2 hours ago -
EUR/USD Elliott Wave Analysis
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Authority: 168
Although the single currency retreated last week after faltering below recent high at 1.5064, as 1.4824 (Fridays low and just held above indicated 1.4814 level) has contained pullback, the rebound from there has retained our bullish view for retest of 1.5064 and above that would signal the wave v of... More...2 hours ago -
Trade Idea: EUR/JPY - Buy At 133.35
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Authority: 168
Despite Fridays sharp retreat to 132.85, as the single currency has staged a rebound from there, suggesting consolidation with upside bias would be seen, however, break of resistance area at 135.76-136.00 is needed to retain bullishness and signal the correction from 138.49 has indeed ended at 131.01, then further ...2 hours ago -
USD/JPY Elliott Wave Analysis
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Authority: 168
As dollars retreat from 92.33 has kept price under pressure, suggesting only wave iii of c of larger degree wave B has ended at 88.01 and fall to 88.83 cannot be ruled out, however, break of support at 88.01 is needed to confirm the wave v is under way for... More...2 hours ago -
Trade Idea: USD/JPY - Hold Long Entered At 89.85
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Authority: 168
First of all, due to certain technical problem, we were unable to change of long entry according to our previous update from 89.85 to 89.65, so our long position was entered on Friday at 89.85. Although this retreat from 90.62 turned out to be slightly stronger than expected, as long... More...3 hours ago -
EUR/CHF Daily Outlook
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Authority: 168
Recent choppy fall is still in favor to continue as long as near term trend line resistance holds (now at 1.5120). A break below 1.5706 will target 1.5007 key support next. But after all, downside is expected to be contained above this 1.5007 support and bring strong rebound. On the... More...3 hours ago -
EUR/GBP Daily Outlook
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Authority: 168
At this point, intraday bias in EUR/GBP is still mildly on the downside for 0.8897 first. Break there will bring fall resumption to 0.8704/8837 support zone. Nevertheless, in such case, strong support should be seen inside this zone to finally conclude the correction. On the upside, above 0.9604 will be... More...3 hours ago -
EUR/JPY Daily Outlook
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Authority: 168
With 134.43 minor resistance intact, were still preferring the case that recovery from 131.56 has completed at 13568 already. Bias is still mildly on the downside for 131.56 first. Break there will confirm that whole fall from 138.47 has resumed and should target 129.02 support next. On the upside, however,... ...3 hours ago -
GBP/JPY Daily Outlook
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Authority: 168
Were slightly favoring the bearish case that rebound from 139.69 has completed at 153.21 already. Break of 148.23 minor support will target 146.36 first. Break there will confirm that fall from 153.21 has resumed for 144.51 support next. However, note that break of 151.72 resistance will dampen this bearish view... ...3 hours ago -
Trade Idea: EUR/USD - Buy At 1.4885
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Authority: 168
Despite Fridays marginal brief drop to 1.4824, the single currency did staged a strong rebound from there (we gave a buy on next decline recommendation last Friday, however, the currency pair only made 3 points marginal low before rallying), suggesting the retreat from 1.5049 has possibly ended there and ...3 hours ago -
Trade Idea: GBP/USD - Buy At 1.6580
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Authority: 168
Despite last weeks fall to 1.6515, the euro-led strong rebound from there suggests the pullback from 1.6844 has possibly ended there and consolidation with upside bias would be seen but break of resistance at 1.6799 is needed to confirm this view and extend recent rise from 1.5708 for a retest... More...3 hours ago -
USD/CHF Daily Outlook
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Authority: 168
USD/CHFs fall from 1.1092 extends further to as low as 1.0065 so far today. Further decline should still be seen to retest 1.0032/34 support first. Break there will confirm that medium term decline has resumed for parity next. ON the upside, however, break of 1.0200 will indicate that whole decline... More...4 hours ago -
USD/JPY Candlesticks and Ichimoku Analysis
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Authority: 168
As dollar has remained under pressure after early retreat from 92.33, suggesting marginal weakness below 88.01 support cannot be ruled out, however, it is necessary to see a break below this years low at 87.10 to confirm medium term downtrend has resumed and extend further decline towards eventual downside target... ...4 hours ago -
USD/JPY Daily Outlook
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Authority: 168
Intraday bias in USD/JPY remains mildly on the downside for 89.28 at this moment. Break there will confirm that whole fall from 92.31 has resumed and should target 88.00 low next. On the upside, while some recovery might be seen, break of 90.60 is needed to be first signal that... More...4 hours ago -
GBP/USD Daily Outlook
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Authority: 168
GBP/USDs rebound from 1.6516 extends further to as high as 1.6750 so far today. With short term rising trend line intact, rise from 1.5706 is likely still in progress. Break of 1.6814 will confirm rally resumption and should target a retest on 1.7043 resistance next. On the downside, though, below... More...4 hours ago -
EUR/USD Candlesticks and Ichimoku Analysis
Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat —
Authority: 168
The single currency rebounded to as high as 1.5049 last week, suggesting the pullback from 1.5064 has ended at 1.4626 and although euro has retreated again after failing to penetrate recent high at 1.5064, reckon downside would be limited to the Tenkan-Sen (now at 1.4772) and bring retest of said... More...4 hours ago -
Forex Technical Analytics
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Authority: 168
The pre-planned break-out variant for sales has been implemented and attainment of minimal anticipated target is supported by relative rise in bearish activity, marked by OsMA trend indicator at break of key supports. At this point, considering the current situation of close parity of both party activity as a sign... ...4 hours ago -
AUD/USD Daily Outlook
Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat —
Authority: 168
As noted before, recent development suggests that recent rally is AUD/USD is not over yet. Intraday bias remains mildly on the upside at this point. Break of 0.9368 will bring rally resumption to 100% projection of 0.6284 to 0.8262 from 0.7702 at 0.9680. On the downside, below 0.9209 will indicate... More...4 hours ago -
USD/CAD Daily Outlook
Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat —
Authority: 168
As noted before, since recovery from 1.0416 as limited below 4 hours 55 EMA and 1.0593 resistance, there is no confirmation of reversal yet. Intraday bias remains neutral for the moment. Below 1.0416 will bring fall resumption towards 1.0205 low next. On the upside, though, break of 1.0593 support turned... More...4 hours ago -
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