AceTraderFx Jun 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 30 Jun 201609:15GMT
USD/JPY - 102.81
Although dollar's erratic rise from 101.41 (Monday) to 103.05 in Australia today suggests further volatile price swings above last Friday's 29-month bottom at 99.00 would continue, intra-day cross-inspired retreat signals near term downside bias remains, reckon 101.77/82 would hold and bring subsequent rebound, above 102.84 needed to extend gain towards 103.25.
Below 101.77 would yield weakness towards 101.41 but 101.00/10 should contain weakness.
AceTraderFx July 01: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 01 July 201604:15GMT
EUR/USD - 1.1103
Despite euro's selloff after extending erratic rise from 1.0971 (Monday) to 1.1155 in Europe yesterday, subsequent intra-day rebound suggests further 'choppy' trading above last Friday's 3-month trough at 1.0912 would continue and as long as said support holds, consolidation with mild upside bias remains, above 1.1155 would extend marginal gain but previous res at 1.1180/90 should hold .
On the downside, a daily close below 1.1024 would signal correction from 1.0912 has ended and yield weakness to 1.0971, then re-test of this level would be seen later.
AceTraderFx Jul 04: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 04 Jul 2016 01:21 GMT
EUR/USD - 1.1133
Despite euro's daily wild swings last week, Friday's gain to 1.1170 suggests choppy trading above June's 3-month trough at 1.0912 would continue and above 1.1190 (post-Brexit high) would bring stronger retracement of recent downtrend to 1.1230/40 before prospect of a retreat due to near term loss of upward momentum.
On the downside, below 1.1072 (Fri's low) anytime suggests erratic rise from last week's low at 1.0971 has made a top, then risk is seen for subsequent weakness towards 1.1024.
AceTraderFx Jul 04: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 04 Jul 201609:15GMT
USD/JPY - 102.66
Despite dollar's resumption of erratic upmove from last week's low of 101.41 (Monday) to 103.40 ahead of Asian open last Friday's subsequent weakness to 102.44 and then marginal drop to 102.43 at Asian open today signals aforesaid rise has made a temporary top and consolidation with downside bias is in store, reckon 101.75/80 would contain weakness and yield further choppy trading.
On the upside, only a daily close above 103.05 signals pullback from 113.40 is over and brings another rise to 103.30/40.
AceTraderFx Jul 05: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 05 Jul 2016 04:20 GMT
EUR/USD - 1.1133
Despite intra-day rebound from 1.1098 (Europe) to as high as 1.1164 near holiday-thinned North American close, euro's retreat in Asia today suggests choppy trading below last Friday's 1.1170 high would continue and below 1.1098 would confirm near term erratic rise from last week's 1.0971 low (Mon) has made a top, then weakness towards 1.1024 chart objective may be seen later.
On the upside, only above 1.1170 would bring test of post-Brexit high of 1.1190 but only break there is needed to turn outlook bullish for a stronger retracement of medium-term downtrend to 1.0237/42.
AceTraderFx Jul 05: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 05 Jul 201608:06 GMT
USD/JPY - 101.76
Despite dollar's resumption of erratic rise from last week's low of 101.41 (Monday) to 103.40 ahead of Asian open last Friday, subsequent weakness to 102.18 yesterday and then intra-day selloff below this support signals aforesaid rise has ended and consolidation with downside bias is in store, below said support would retain bearishness and extend weakness towards 101.00.
On the upside, only a daily close above 103.05 signals pullback from 113.40 is over and brings another rise to 103.30/40.
AceTraderFx Jul 05: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 06 Jul 201602:02 GMT
EUR/USD - 1.1043
Despite yesterday's brief jump to session high of 1.1186 in early European trading, intra-day broad-based strength in the greenback (except vs the yen) in New York session and subsequent weakness to 1.1063 near Tuesday's close suggests euro's recent 'gyrations' would continue inside early established broad range of 1.0912-1.1190 and downside bias remains for weakness to 1.1024 after consolidation, near term o/sold condition is expected to keep price above pivotal sup at 1.0971.
On the upside, only above 1.1120/30 would dampen intra-day bearish view on euro and risk stronger gain but 1.1170/80 should cap upside and yield another fall later this week.
AceTraderFx Jul 06: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 06 Jul 201610:16 GMT
USD/JPY - 100.93
Dollar's selloff from last Friday's high of 103.40 to as low as 100.58 in Asia today suggests correction from June's 29-month trough at 99.00 has ended there and consolidation with downside bias remains.
However, a daily close below 99.94 is needed to confirm this view and bring resumption of Medium Term downtrend to re-test said support and then 98.00 'later'.
On the upside, only above 102.40/50 would indicate pullback from 113.40 is over instead and bring another rise to 103.30/40, break, 104.00/10.
AceTraderFx Jul 07: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 04:08 GMT
EUR/USD - 1.1091
Despite yesterday's resumption of decline from this week's high of 1.1186 (Tuesday) to as low as 1.1029 in New York morning, subsequent strong bounce to 1.1112 suggests euro's recent 'gyrations' inside early broad range of 1.1190-1.0971 would continue, at least until release of Fri's key U.S. payrolls data.
As long as 1.1024/29 sup area holds, mild upside bias but only above 1.1186/90 res would extend erratic rise from June's 3-month bottom at 1.0912 towards 1.1237.
Below 1.1024/29 sup would shift risk to downside for weakness towards pivotal sup at 1.0971.
AceTraderFx Jul 07: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 07 Jul 201609:50 GMT
USD/JPY - 101.01
Dollar's selloff from last Friday's high of 103.40 to as low as 100.20 in Europe yesterday suggests correction from June's 29-month trough at 99.00 has ended there.
However, yesterday's intra-day rebound to 101.47 (New York) indicates further consolidation would be seen.
A daily close below 99.94 is needed to bring re-test of 99.00 and then resumption of Medium Term downtrend towards 98.00 'later'.
On the upside, only above 102.40/50 would indicate pullback from 113.40 is over instead and bring another rise to 103.30/40, break, 104.00/10.
AceTraderFx Jul 08: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 08 Jul 201604:16 GMT
EUR/USD - 1.1071
Euro's daily swings seen in last 2 week following early rebound from June's post-Brexit 3-month bottom at 1.0912 may continue even after release of key U.S. jobs data later today.
However, this week's decline from 1.1186 to 1.1029 (Wednesday) suggests consolidation with downside bias remains, a daily close below pivotal sup at 1.0971 is needed to retain bearish prospect of a re-test of 1.0912 next week.
On the upside, above 1.1220/30 would risk another rise towards strong res at 1.1186/90 where only a break there would abort bearishness on euro and shift risk to upside for stronger retracement towards 1.1237 instead.
AceTraderFx Jul 08: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 08 Jul 2016 10:00 GMT
USD/JPY - 100.61
Dollar's selloff from last Friday's high of 103.40 to as low as 100.20 in Europe on Wednesday suggests correction from June's 29-month trough at 99.00 has ended there and as price has retreated again after recovering to 101.47, choppy trading with downside bias remains but a daily close below 99.84/94 is needed to bring re-test of 99.00 and then resumption of Medium Term downtrend towards 98.00 'later'.
On the upside, only above 102.40/50 would indicate pullback from 113.40 is over instead and yield another rise to 103.30/40, break, 104.00/10.
AceTraderFx Jul 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 11 Jul 201601:18 GMT
EUR/USD - 1.1048
Despite Friday's volatile trading immediately after release of upbeat U.S. jobs data, as euro had fallen after intra-day brief rebound from 1.1002 to as high as 1.1120, choppy consolidation with downside bias is seen, below said Friday's 1.1002 low would extend erratic fall from last week's 1.1186 top towards daily pivotal sup at 1.0971.
On the upside, only above 1.1120 would 'prolong' recent 'gyrations inside established broad range of 1.1190-1.0971 and may risk stronger gain to 1.1150/60 but 1.1186 should cap upside.
AceTraderFx Jul 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 11 Jul 201609:11 GMT
USD/JPY - 101.98
Although dollar's near term selloff from 103.40 to as low as 100.00 last Friday signals correction from June's 29-month trough at 99.00 has ended there, intra-day rally to 102.13 following BoJ's official signals more stimulus from the central bank suggests further choppy sideways trading would continue but reckon 103.40 would remain intact.
On the downside, only below 99.84/94 would retain bearishness for a re-test of 99.00 and then resumption of MT downtrend towards 98.00 'later'.
AceTraderFx Jul 12: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 12 Jul 201601:08 GMT
EUR/USD - 1.1055
Despite yesterday's intra-day rebound from European low of 1.1016 to 1.1075 in New York morning, subsequent narrow move and subdued New York afternoon session suggests euro would continue to move inside last Friday's 1.1002-1.1120 broad range with a neutral bias.
As long as indicated upper level holds, decline from from last week's 1.1186 high may resume later today or tomorrow to 1.0985/95 whilst above said 1.1120 res would risk stronger gain to 1.1145/55 but 1.1186 should remain intact.
AceTraderFx Jul 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 12 Jul 201610:09 GMT
USD/JPY - 103.04
Although dollar's rally from last Friday's low at 100.00 and then intra-day rally above last week's 103.40 high signals erratic upmove from June's 29-month trough at 99.00 to retrace Medium Term downtrend has resumed and further gain towards 104.40/50 may be seen, reckon price would falter well below 105.55 (previous sup, now res) and yield retreat later.
On the downside, only below 101.40/50 would indicate a temporary top has been made and bring weakness towards 100.60/70 but support at 100.00 should remain intact.
AceTraderFx Jul 13: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 13 Jul 201604:09 GMT
EUR/USD - 1.1060
Although yesterday's initial rise in Europe and then a brief break of last Fri's post-NFP high of 1.1120 confirms decline from last week's peak at 1.1186 (Wednesday) has made a low at 1.1002, subsequent intra-day erratic decline in New York session, then in Asia today suggests recent daily price swings inside early broad range of 1.1186-1.0971 would continue.
As long as 1.1120/26 res holds, consolidation with downside bias remains for further fall today.
However, sup area at 1.1002/16 should contain weakness and bring another bounce later today or tomorrow.
AceTraderFx Jul 13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 13 Jul 201610:08 GMT
USD/JPY - 104.23
Although dollar's rally from last Friday's low at 100.00 and then yesterday breach of res at 103.40 to as high as 104.99 signals erratic upmove from June's 29-month trough at 99.00 to retrace Medium Term downtrend has resumed, subsequent retreat suggests a few days of choppy trading would be seen before said move yield further headway towards 105.55 (previous sup) but reckon 106.20/30 would cap upside.
On the downside, only below 102.45 would confirm a top has been made and bring weakness towards 101.00 but support at 100.00 should remain intact.
AceTraderFx Jul 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Jul 201603:24 GMT
EUR/USD - 1.1098
Yesterday's anticipated rebound from 1.1042 to 1.1120 (New York high) confirms further choppy trading above last week's low at 1.1002 (Friday) would continue and consolidation with upside bias remains for re-test of Tuesday's 1.1126 high, above would encourage for subsequent headway to 1.1150/60.
However, price is expected to remain confined inside established broad range of 1.1186-1.0971 in next few sessions.
On the downside, only below 1.1042 would dampen near term bullishness on euro.
However, 1.1002 should remain intact and bring another rebound later.
AceTraderFx Jul 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 15 Jul 2016 00:17 GMT
EUR/USD - 1.1111
Despite yesterday's resumption of near term erratic upmove from last Friday's 1.1002 bottom to a 1-week high of 1.1165 due partly to intra-day cross-buying of euro, subsequent retreat in New York session suggests price would continue to 'gyrate' inside established broad range of 1.1186-1.0971. Below 1.1087/89 sup would confirm aforesaid rise has made a top, then subsequent weakness towards 1.1042 would follow.
On the upside, only above 1.1165 would dampen daily bearish outlook on euro and risk would shift to the upside for gain towards strong res at 1.1186/90.
DAILY MARKET OUTLOOK on Major USD/JPY