AceTraderFx : Daily Recommendations on Major

AceTRaderForex

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AceTraderFx Sept 2: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Sep 2016 04:03 GMT


EUR/USD - 1.1199
Despite the single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 Wednesday, subsequent strong rebound yesterday suggests decline from August's 8-week peak at 1.111366 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 1.1245 before prospect of retreat.

On the downside, only below 1.1166 (previous resistance) would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of said support.
 

AceTRaderForex

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AceTraderFx Sept 2: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 02 Sep 2016 09:07 GMT


USD/JPY - 103.60
The greenback's rally to as high as 103.53 Wednesday on dollar's broad-based strength, then Thursday's break of this level to 104.00 signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 104.20/30.
However, near term loss of momentum would keep price below 103.45 today ahead of U.S. jobs report and yield retreat.

On the downside, only below 102.39 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.75.
 

AceTRaderForex

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AceTraderFx Sept 5: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 05 Sep 2016 04:25 GMT

EUR/USD - 1.1160
Despite euro's brief jump to 1.1252 after release of downbeat U.S. jobs report, intra-day selloff to as low as 1.1150 in hectic New York morning session suggests correction from Wednesday's 3-week trough at 1.1123 has ended there and consolidation with downside bias remains for re-test of said temporary low later today or tomorrow.
However, 'loss of momentum' should keep price above 1.1085.

On the upside, expect 1.1192 to hold for this move and only above 1.1210/20 dampens bearish view on euro, however, 1.1252 should remain intact.
 

AceTRaderForex

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AceTraderFx Sept 5: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 05 Sep 2016 10:08 GMT

USD/JPY - 103.40
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent retreat suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 103.13, then 102.80.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 102.39 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.
 

AceTRaderForex

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AceTraderFx Sept 6: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 06 Sep 2016 04:10 GMT


EUR/USD - 1.1146
Yesterday's anticipated break of last Friday's 1.1150 low to 1.1140 in holiday-thinned North American session signals euro's correction from last week's low at 1.1123 has ended at 1.1252 and recent decline from August's 1.1366 peak would pressure price to 1.1100/05 after consolidation.
However, loss of downward momentum is likely to limit weakness to 1.1085.

On the upside, only above Mondays 1.1182 high would 'prolong' choppy consolidation and may risk stronger gain to 1.1205/08 but res at 1.1252 is expected to remain intact.
 

AceTRaderForex

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AceTraderFx Sept 6: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 06 Sep 2016 09:25 GMT

USD/JPY - 103.34
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent retreat suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 103.13, then 102.80.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 102.39 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.
 

AceTRaderForex

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AceTraderFx Sept 7: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 07 Sep 2016 04:33 GMT


EUR/USD - 1.1246
Euro's spectacular rally above 1.1182 res and then last Fri's post-NFP high of 1.1252 to 1.1263 in New York morning due to usd's broad-based weakness after key U.S. ISM non-manufacturing PMI index fell to its lowest in 6 years suggests early erratic fall from Aug's 6-week peak at 1.1366 has indeed formed a low last week at 1.1123 and as long as 1.1205/08 holds, consolidation with upside bias remains for further headway towards 1.1300.
However, overbought condition should cap price well below res at 1.1341.

On the downside, only below 1.1200 signals aforesaid correction from 1.1123 has ended, then risk would shift to the downside for subsequent weakness towards 1.1140 later this week.
 

AceTRaderForex

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AceTraderFx Sept 8: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 08 Sep 2016 04:21 GMT


EUR/USD - 1.1243
Euro's anticipated marginal gain to 1.1271 yesterday confirms recent erratic fall from 1.1366 (August high) has made a low last week at 1.1123 and consolidation with mild upside is seen ahead of ECB's monetary policy announcement ECB President Drgahi's press conference later today.
As long as 1.1200/10 holds, gain to 1.1300/10 is likely but said August's peak at 1.1366 should cap upside.

Below 1.1200 would confirm aforesaid rise from 1.1123 has ended and risk would shift to the downside for weakness towards 1.1140/50 later.
 

AceTRaderForex

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AceTraderFx Sept 9: Daily Recommendations on Major -EUR/USD


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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 09 Sep 2016 04:19 GMT

EUR/USD - 1.1272
Despite yesterday's resumption of recent upmove in Europe on broad-based buying of euro and then to 1.1327 after ECB kept its monetary policy unchanged, subsequent strong retreat in New York session due to usd's rebound vs its major peers suggests further volatile trading below August's -week peak at 1.1366 would continue with near term downside bias.

On the downside, below previous sup at 1.1229 would risk stronger retracement towards 1.1182 whilst a move back above 1.1300 is needed to revive bullish prospect of another rise towards 1.1327.
 

AceTRaderForex

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AceTraderFx Sept 9: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 09 Sep 2016 09:19 GMT

USD/JPY - 102.18
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent selloff yesterday on poor U.S. economic data suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 101.17, then 100.80/90.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 101.62 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 12: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 12 Sep 2016 02:18 GMT


EUR/USD - 1.1237
Although dollar's decline to 1.1199 in New York morning on Friday following hawkish comments by Fed's Rosengren confirms upmove from last week's low at 1.1123 has ended at 1.1327 (Thur), subsequent rebound and intra-day gain in Asia led by initial fall in usd/yen ahead of Asian open suggests consolidation is in store.

As long as Friday's 1.1285 top holds, downside bias remains but below 1.1199 needed to extend subsequent weakness to 1.1170/80. Above 1.1285 would risk stronger gain to 1.1300/10 but reckon 1.1327 would hold from here.
 

AceTRaderForex

Master Trader
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AceTraderFx Sept 12: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 12 Sep 2016 09:26 GMT

USD/JPY - 102.24
Despite the greenback's rise to 103.06 last Friday, subsequent retreat suggests the recovery from last Wednesday's low at 101.21 has possibly ended there and choppy trading with downside bias would be seen for weakness towards 101.92, below would confirm this view and extend towards 101.41.
However, aforesaid support should remain intact and yield rebound.

On the upside, only above 103.06 would revive bullishness for gain towards 103.81 but September's peak at 104.32 would hold on first testing and yield retreat later this week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 13: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 13 Sep 2016 01:37GMT


EUR/USD - 1.1230
Yesterday's 'roller-coaster' moves in hectic Monday's session following decline from last week's high of 1.1327 to 1.1199 (Friday) are expected to continue and as long as 1.1285 res holds, consolidation with downside bias remains for a stronger retracement of early erratic rise from 1.1123 to 1.1182.
However, reckon 1.1250/60 would contain weakness and bring rebound later this week.

On the upside, only above 1.1285 suggests pullback from 1.1327 has ended, then risk would shift to the upside for stronger gain towards said res level.

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AceTRaderForex

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AceTraderFx Sept 13: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 13 Sep 2016 09:07 GMT

USD/JPY - 101.81
Despite the greenback's rise to 103.06 last Friday, subsequent retreat suggests the recovery from last Wednesday's low at 101.21 has possibly ended there and choppy trading with downside bias would be seen for weakness towards 101.40/45, below would confirm this view and yield re-test of aforesaid support.

On the upside, only above 103.06 would revive bullishness for gain towards 103.81 but September's peak at 104.32 would hold on first testing and yield retreat later this week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 14: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Sep 2016 02:02 GMT

EUR/USD - 1.1215
Euro's daily swings in last 2 daily session following early decline from last week's high at 1.1327 to 1.1199 (Friday) are expected to continue.
However, as aforesaid fall signals recent upmove from 1.1121 has made a top there, anticipated broad-based usd's strength should pressure the single currency to 1.1150/60 after consolidation.

On the upside, only above 1.1260/68 res would dampen near term bearish scenario and may risk stronger gain to 1.1285/95, however, said last week's peak at 1.1327 should remain intact.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 14: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 14 Sep 2016 09:47 GMT

USD/JPY - 102.93
The greenback's intra-day rally and subsequent breach of previous resistance at 103.06 confirms decline from September's peak at 104.32 has ended at 101.21 last Wednesday and choppy trading with upside bias would be seen for gain towards 103.81, then 104.00.
However, aforesaid top should hold on first testing and yield retreat later this week.

On the downside, only below 101.42 would indicate above mentioned recovery has ended and risk re-test of 101.21, break would yield stronger retracement to 100.90/95.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 15: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD


Update Time: 15 Sep 2016 1:50 GMT

EUR/USD - 1.1246
Despite yesterday's brief jump to 1.1274 in New York morning, subsequent retreat suggests euro's sideways swings in last 3 daily sessions are likely to continue and as long as previous res at 1.1285 holds, another retreat is expected later but as price remains confined inside early established broad range of 1.1327-1.1199, below lower level is needed to extend subsequent weakness to 1.1150/60.

On the upside, a firm rise above 1.1285 would risk stronger gain to 1.1300/10 but reckon indicated upper level at 1.1327 would continue to hold from here today.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 15: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK on Major USD/JPY

Update Time: 15 Sep 2016 09:14 GMT

USD/JPY - 102.39
The greenback's intra-day rally and subsequent breach of previous resistance at 103.06 confirms decline from September's peak at 104.32 has ended at 101.21 last Wednesday and choppy trading with upside bias would be seen for gain towards 103.81, then 104.00.
However, aforesaid top should hold on first testing and yield retreat later this week.

On the downside, only below 101.42 would indicate above mentioned recovery has ended and risk re-test of 101.21, break would yield stronger retracement to 100.90/95.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
Hong Kong
www.acetraderfx.com
AceTraderFx Sept 19: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 19 Sep 2016 6:10 GMT

EUR/USD - 1.1161
Euro's intra-day selloff in Friday's New York morning after slightly higher-than-expected U.S. inflation data and then break of 1.1199 sup (now res) signals a downside break of the near 1-week choppy sideways range trading has taken place and re-test of daily key sup at 1.1123 would be seen after consolidation, break would extend early decline from August's high at 1.1327 towards 1.1084/85.

Only a daily close above 1.1199 would defer present bearish scenario on euro but 1.1250/53 should cap upside.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Sept 19: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 19 Sep 2016 09:12 GMT


USD/JPY - 101.75
Despite the greenback's strong rebound from last Tuesday's low at 101.42 to 103.36 last Wednesday, subsequent strong retreat suggests the recovery from September's low at 101.21 has ended there and choppy trading with downside bias would be seen for weakness towards 101.42, below would confirm this view and yield re-test of 101.21 later this week.

On the upside, only above 102.59 would indicate the pullback from 103.36 has ended instead and turn outlook bullish for gain towards 103.06.