INTRA-DAY USD/JPY, EUR/USD OUTLOOK

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

Despite euro's narrow range-trading in Asia,
as long as 1.3095 res holds, consolidation with
downside bias remains for another drop to 1.3040/
45 but below 1.3027 sup needed to signal possible
downside break has occured, yield fall to 1.2983.
Sell on recovery for 1.3045 n only abv 1.3095
wud dampen intra-day bearishness on euro.

Range Forecast
1.3050 / 1.3080

Resistance/Support
R: 1.3083/1.3095/1.3120
S: 1.3045/1.3027/1.3017

Rate
1.3063

Strategy/Entry Level
Sell at 1.3080

Objective
1.3045

Stop-Loss
1.3098

Last Update At
28 Dec 2011 06:07 GMT

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

Although euro has rebounded fm Asian low of 1.28
88 to 1.2943, current retreat suggests the recovery
has 'possibly' ended there n as long as 1.2945/54
res holds, decline shud resume for re-test of said
lvl, below extends twds daily sup at 1.2860.
Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.2983 (prev. sup).

Range Forecast
1.2900 / 1.2935

Resistance/Support
R: 1.2954/1.2983/1.3000
S: 1.2888/1.2860/1.2825

Rate Position
1.2920 ---

Strategy/Entry Level
Sell at 1.2935

Objective
1.2900

Stop-Loss
1.2955

Last Update At
29 Dec 2011 08:42 GMT

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

Current breach of Asian high of 1.2989 strongly
suggests erratic upmove fm last week's 15-month low
of 1.2858 to retrace recent decline has resumed n
abv o/head res at 1.3000 wud confirm n bring furth-
er gain to 1.3017 but 1.3045/54 wud cap upside.
Buy on dips with stop as indicated, break wud
risk stornger pullback to 1.2935/40.

Range Forecast
1.2980 / 1.3000

Resistance/Support
R: 1.3000/1.3017/1.3045
S: 1.2950/1.2912/1.2904

Rate
1.2992

Strategy/Entry Level
Buy at 1.2980

Objective
1.3015

Stop-Loss
1.29

Last Update At
03 Jan 2012 06:42 GMT

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

Euro's stronger-than-expected retreat after
brief breach of 1.3000 to 1.3008 suggests risk is
seen for a pullback to 1.2955/60 but renewed buying
shud emerge abv 1.2950 n yield another rebound to
1.2995/00 n abv wud extend gain to 1.3045/50.
Wud be prudent to exit long n buy again on dips
with stop as indicated, break, 1.2912.

Range Forecast
1.2972 / 1.3000

Resistance/Support
R: 1.3017/1.3045/1.3084
S: 1.2950/1.2912/1.2904

Rate
1.2985

Long at 1.2980
Position

Strategy/Entry Level
Exit long n buy at 1.2960

Objective
1.2995

Stop-Loss
1.2940

Last Update At
03 Jan 2012 08:49 GMT

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

Despite euro's early brief breach of y'day's low
at 1.2770 to a 15-mth 1.2763 low on market rumours
(see MMN), current recovery suggests consolidation
with mild upside bias wud be seen n abv 1.2799 wud
confirm a temp. low is made n bring gain to 1.2815.
For st trade, remain as cautious buyer n only
below 1.2755 may risk one more fall twd 1.2736.

Range Forecast
1.2770 / 1.2799

Resistance/Support
R: 1.2799/1.2815/1.2858
S: 1.2763/1.2736/1.2710

Rate
1.2777

Position
Long at 1.2775

Strategy/Entry Level
Hold long for st trade

Objective
1.2810

Stop-Loss
1.2755

Last Update At
06 Jan 2012 06:22 GMT

[acetraderfx]

INTRA-DAY USD/JPY OUTLOOK

Although dlr has finally staged a rebound after
early 'cross-inspired' decline below Fri's NY low
of 76.96 to 76.80 ahead of Asian open, as Fri's
fall fm 77.34 (NY) signals correction fm last wk's
76.61 low is over, downside bias remains.
Hold short for 76.65 n only abv 77.25 may risk
possible re-tets of 77.34.

Range Forecast
76.85 / 77.00

Resistance/Support
R: 77.07 / 77.25 / 77.34
S: 76.80 / 76.61 / 76.35

Rate
76.98

Position
Short at 76.95

Strategy/Entry Level
Hold short

Objective
76.65

Stop-Loss
77.10

Last Update At
09 Jan 2012 00:37 GMT

[acetraderfx]

INTRA-DAY USD/JPY OUTLOOK

Although dlr has staged a rebound after initial
'cross-inspired' decline below Fri's NY low of 76.
96 to 76.80 ahead of Asian open, as Fri's fall fm
77.34 (NY) signals correction fm last week's low at
76.61 is over, daily downside bias remains.
Hold short for 76.65 n only abv 77.25 may risk
possible re-test of 77.34.

Range Forecast
76.85 / 77.00

Resistance/Support
R: 77.07 / 77.25 / 77.34
S: 76.80 / 76.61 / 76.35

Rate
76.93

Position
Short at 76.95

Strategy/Entry Level
Hold short

Objective
76.65

Stop-Loss
77.10

Last Update At
09 Jan 2012 02:24 GMT

[acetraderfx]

INTRA-DAY EUR/USD OUTLOOK

As euro has maintained a firm undertone after
staging a recovery fm intra-day fresh 15-month low
at 1.2667 (AUS), suggesting sideways trading abv
this temp. sup wud be seen, reckon 1.2730/40 wud
cap present corrective rise n yield retreat later.
Raise short entry for 1.2695 but below 1.2767
needed to extend twd 1.2642. Abv 1.2763/70 aborts.

Range Forecast
1.2700 / 1.2730

Resistance/Support
R: 1.2732/1.2763/1.2812
S: 1.2667/1.2642/1.2588

Rate
1.2712

Strategy/Entry Level
Sell at 1.2730

Objective
1.2695

Stop-Loss
1.2750

Last Update At
09 Jan 2012 06:22 GMT

[acetraderfx]

INTRA-DAY USD/JPY OUTLOOK

As intra-day dlr's broad-based rebound has also
lifted the pair in Tokyo despite y'day's narrow
movement, suggesting consolidation abv Mon's 76.77
low wud continue n gain to 77.01 can't be ruled out
but reckon upside wud falter below 77.05/10.
Still favour selling on further rise for decline
fm 77.34 (Fri) to extend to 76.70/75 later today.

Range Forecast
76.85 / 77.00

Resistance/Support
R: 77.01 / 77.25 / 77.34
S: 76.77 / 76.61 / 76.35

Rate
76.90

Strategy/Entry Level
Sell at 77.00

Objective
76.75

Stop-Loss
77.10

Last Update At
11 Jan 2012 02:21 GMT

[acetraderfx]

INTRA-DAY USD/JPY OUTLOOK

Although dlr has edged higher n gain twds 77.01
res cannot be ruled out, reckon 77.07/10 shud cap
upside n yield another leg of decline fm last Fri's
high of 77.34 for re-test of this week's low of 76.
77, below wud encourage for weakness to 76.58/61.
Still favour selling on further rise for early
fall fm 77.34 (Fri) to extend to 76.70/75 later.

Range Forecast
76.85 / 77.00

Resistance/Support
R: 77.01 / 77.25 / 77.34
S: 76.77 / 76.61 / 76.35

Rate
76.91

Strategy/Entry Level
Sell at 77.00

Objective
76.75

Stop-Loss
77.10

Last Update At
11 Jan 2012 06:10 GMT