AceTraderFx : Daily Recommendations on Major

[AceTRaderForex]

AceTraderFx Aug 16: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 17 Aug 2016 01:17 GMT

EUR/USD - 1.1286
The single currency's rally above August's peak at 1.1234 to a fresh 7-week peak at 1.1323 yesterday suggests recent erratic upmove from June's low at 1.0912 has once again resumed and consolidation with upside bias would be seen for gain towards 1.1348, then 1.1368.
However, loss of momentum would prevent steep rise beyond there and risk a much-needed correction later.

On the downside, only below 1.1203 (previous resistance, now support) would indicate a temporary top has been made and turn outlook bearish for a stronger retracement to 1.1154.

 

[AceTRaderForex]

AceTraderFx Aug 18: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 18 Aug 2016 01:04 GMT

EUR/USD - 1.1299
The single currency's rally above August's peak at 1.1234 to a fresh 7-week peak at 1.1323 Tuesday suggests recent erratic upmove from June's low at 1.0912 has once again resumed and consolidation with upside bias would be seen for gain towards 1.1348, then 1.1368. However, loss of momentum would prevent steep rise beyond there and risk a much-needed correction later.

On the downside, only below 1.1203 (previous resistance, now support) would indicate a temporary top has been made and turn outlook bearish for a stronger retracement to 1.1154.

 

[AceTRaderForex]

AceTraderFx Aug 18: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 18 Aug 2016 09:06 GMT

USD/JPY - 99.95
Although dollar's weakness from yesterday's 101.17 high to as low as 99.65 at Asian open today signals correction from Tuesday's 7-week low at 99.54 has ended, subsequent intra-day price swings signal consolidation would continue, as long as 100.66 (Wednesday's post-Fed minutes high in New York) holds, downside bias remains.
Below 99.54 would extend marginal weakness, however, loss of downward momentum should keep price above July's near 2-1/2 year bottom at 99.00.

On the upside, above 100.66 would abort near term bearish bias on dollar and risk is seen for another rise towards 101.17.

 

[AceTRaderForex]

AceTraderFx Aug 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 19 Aug 2016 03:07 GMT

EUR/USD - 1.1343
The single currency's rally above Tuesday's peak at 1.1323 to a fresh 7-week peak at 1.1366 yesterday suggests recent erratic upmove from June's low at 1.0912 has once again resumed and consolidation with upside bias would be seen for gain towards 1.1348, then 1.1368.
However, loss of momentum would prevent steep rise beyond there and risk a much-needed correction later.

On the downside, only below 1.1203 (previous resistance, now support) would indicate a temporary top has been made and turn outlook bearish for a stronger retracement to 1.1154.

 

[AceTRaderForex]

AceTraderFx Aug 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 22 Aug 2016 04:00 GMT

EUR/USD - 1.1292
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

 

[AceTRaderForex]

AceTraderFx Aug 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 22 Aug 2016 09:43 GMT

USD/JPY - 100.77
Dollar's initial gap-up open to 100.92 (New Zealand) following weekend's comments by BoJ Governor Kuroda and then Fed Vice Chairman Fischer suggests 'choppy' trading above last Tuesday's 7-week trough at 99.54 would continue with upside bias, above 101.17 (reaction high Wed) would bode well for stronger retracement of recent decline to 131.46/56 later.

On the downside, only below 100.29 (intra-day low) dampens near term bullish bias but reckon 100.00/03 would contain weakness and yield another rebound.

 

[AceTRaderForex]

AceTraderFx Aug 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 23 Aug 2016 01:09 GMT

EUR/USD - 1.1326
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

 

[AceTRaderForex]

AceTraderFx Aug 23: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 23 Aug 2016 09:23 GMT

USD/JPY - 100.17
Despite dollar's initial gap-up open and rise to 100.93 yesterday, subsequent retreat suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen, however, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

 

[AceTRaderForex]

AceTraderFx Aug 24: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 24 Aug 2016 09:14 GMT

USD/JPY - 100.27
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen.
However, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

 

[AceTRaderForex]

AceTraderFx Aug 25: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 25 Aug 2016 01:10 GMT

EUR/USD - 1.1272
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

 

[AceTRaderForex]

AceTraderFx Aug 25: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 25 Aug 2016 09:26 GMT

USD/JPY - 100.32
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen.
However, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

 

[AceTRaderForex]

AceTraderFx Aug 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 26 Aug 2016 01:01 GMT

EUR/USD - 1.1292
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen ahead of today's Yellen speech, however, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

 

[AceTRaderForex]

AceTraderFx Aug 26: Daily Recommendations on Major -USD/JPY


DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 26 Aug 2016 09:18 GMT

USD/JPY - 100.45
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias ahead of today's Yellen speech and marginal weakness is likely to be seen, however, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

 

[AceTRaderForex]

AceTraderFx Aug 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 29 Aug 2016 01:10 GMT

EUR/USD - 1.1194
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1174 today suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

 

[AceTRaderForex]

AceTraderFx Aug 29: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 29 Aug 2016 09:15 GMT

USD/JPY - 102.26
The greenback's rally to as high as 101.93 on Friday following Yellen's hawkish comments, then to 102.39 today signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 102.66, however, near term loss of momentum would keep price below 102.83 today and yield retreat later.

On the downside, only below 101.46 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

 

[AceTRaderForex]

AceTraderFx Aug 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 30 Aug 2016 02:02 GMT

EUR/USD - 1.1185
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1158 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

 

[AceTRaderForex]

AceTraderFx Aug 30: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 30 Aug 2016 09:15 GMT

USD/JPY - 102.38
The greenback's rally to as high as 102.39 on Monday following Yellen's hawkish comments, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 102.66.
However, near term loss of momentum would keep price below 102.83 today and yield retreat later.

On the downside, only below 101.46 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

 

[AceTRaderForex]

AceTraderFx Aug 31: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 31 Aug 2016 09:35 GMT

USD/JPY - 103.18
The greenback's rally to as high as 103.13 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.50/52.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

 

[AceTRaderForex]

AceTraderFx Sept 1: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 01 Sep 2016 04:08 GMT

EUR/USD - 1.1156
The single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1100/10.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

 

[AceTRaderForex]

AceTraderFx Sept 1: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 01 Sep 2016 09:00 GMT

USD/JPY - 103.63
The greenback's rally to as high as 103.53 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.75/80.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).