AceTraderFx : Daily Recommendations on Major

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Mar 22: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 22 Mar 2016 02:13 GMT

EUR/USD - 1.1237
Although euro's weakness to 1.1234 yesterday and then intra-day brief break of this level in Asia today suggests recent upmove has made a temporary top at last Thursday's 1-month peak at 1.1343 and further choppy consolidation is in store, as long as sup at 1.1206 holds, bullishness remains for another strong rebound, above 1.1285 would be the 1st signal said pullback is over and yield 1.1307, then later towards 1.1343.

Only a daily close below 1.1206 would risk stronger retracement to 1.1176, however, loss of momentum would keep euro above 1.1140/44 today.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 22: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 22 Mar 2016 09:07 GMT

USD/JPY - 111.67
The greenback's selloff last week and subsequent breach of February's trough at 110.99 to 110.67 last Thursday signals erratic medium-term decline has once again resumed and consolidation with downside bias remains for weakness towards 110.40/43, however, near term loss of momentum would prevent steep fall below there and shift risk to the upside for a stronger correction.

On the upside, only above 112.63 would indicate a temporary low has been made and turn outlook bullish for a much-needed correction towards 112.96/00.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
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www.acetraderfx.com
AceTraderFx Mar 23: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 23 Mar 2016 04:01GMT

EUR/USD - 1.1215
Despite euro's recovery in New York session following yesterday's decline from 1.1260 (Asia) to 1.1189 in European morning on news of terrorist attacks in Brussels, as this move signals recent upmove from March's low at 1.0821 has made a temporary top last week at 1.1343 (Thursday), consolidation with downside bias remains for further weakness to 1.1140/45 but near term loss of momentum should limit downside to 1.1125.

On the upside, only a firm rise above 1.1260 signals 1st leg of correction is over and risks stronger gain to 1.1285, however, reckon res at 1.1307 should remain intact.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 23: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 23 Mar 201609:08 GMT

USD/JPY - 112.57

Despite the greenback's selloff to as low as 110.67 last Thursday, subsequent strong rebound suggests MT decline has possibly made a temporary low there and consolidation with upside bias would be seen for gain towards 112.96, then 113.46/50.
However, near term loss of momentum would prevent strong move beyond there and risk would increase for a much-needed retreat later.

On the downside, only below 111.38 would indicate aforesaid correction has ended instead and turn outlook bearish for weakness towards 111.22, then 110.99.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 24: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 24 Mar 2016 02:02 GMT

EUR/USD - 1.1170
Despite yesterday's resumption of decline from last Thursday's 1-month high of 1.1343 to 1.1159 (interbank low) in New York in the aftermath of Tuesday's terrorist attacks in Brussels.
Near term loss of momentum is expected to prevent steep fall ahead of the long Easter holiday and reckon 1.1125 (previous res, now sup) would remain intact and bring a much-needed minor retracement of aforesaid fall later today.

On the upside, above 1.1200/05 wold be the 1st signal temporary low has been made, then outlook would improve for subsequent headway to 1.1235/39, however, euro's upside should falter below res at 1.1260 and yield another leg of decline next week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
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74
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www.acetraderfx.com
AceTraderFx Mar 24: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK
Update Time: 24 Mar 201609:07 GMT

USD/JPY - 111.85
Dlr's intra-day brief break of yesterday's 112.91 high confirms near term upmove from last Thursday's 16-month bottom has once again resumed and as long as 112.30 (Asia low) holds, further gain to 113.30/34 is envisaged, however, loss of upward momentum should cap price well below res at 113.82 and yield subsequent strong retreat.

On the downside, below 112.30 would signal 1st leg of correction is over and risk weakness to 111.84/88, however, sup at 111.38 should continue to hold from here and yield another leg of upmove next week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 29: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 29 Mar 2016 01:45 GMT

EUR/USD - 1.1196
Despite yesterday's narrow movement in subdued Asian session, subsequent rally above 1.1176 res (now sup) to 1.1220 in holiday-thinned New York morning after release of soft U.S. inflation data confirms euro's recent decline from March's 1-month peak at 1.1343 has formed a temporary low last Thursday at 1.1144 and consolidation with mild upside bias remains for marginal gain, reckon 1.1260 would cap present rise and yield another fall.

On the downside, a daily close below 1.1176 would signal aforesaid correction has ended, re-test of 1.1144 would be seen, then weakness to 1.1125.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 29: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 29 Mar 2016 08:21 GMT

USD/JPY - 113.65
U.S. dollar's intra-day break of yesterday's 113.69 high confirms near term upmove from last March's 16-month bottom has once again resumed and as long as 113.15 support holds, further gain to 114.00/10 is envisaged, however, loss of upward momentum should cap price below daily res at 114.45 today and yield retreat later.

On the downside, only a daily close below 113.15 would signal a temporary top has possibly been made and risk weakness towards 112.20/37.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 30: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 30 Mar 2016 01:10GMT

EUR/USD - 1.1297
Euro's rally to as high as 1.1303 in New York afternoon on Tuesday due to dovish remarks from Fed's chair Yellen signals recent decline from March's 1-month peak at 1.1343 has ended last Thursday at 1.1144 and consolidation with upside bias remains.
However, break of said temporary top is needed to bring resumption of upmove from March's bottom at 1.0521 towards 2016 peak at 1.1377 (February) later.

On the downside, a daily close below 1.1220 (Monday's high, now support) would prolong choppy trading but support at 1.1144 should remain intact.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 30: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 30 Mar 2016 08:16 GMT

USD/JPY - 112.11
Despite dollar's initial rise to 113.80 in European morning yesterday, subsequent intra-day selloff to 112.61 in New York afternoon on dovish remarks from Fed's Yellen and today's breach of this support confirms upmove from March's 16-month trough at 110.67 has made a temporary top there, consolidation with downside bias remains for stronger retracement to 111.87 (61.8%) but near term o/sold condition should keep price well above support at 111.38 today, yield rebound later.

On the upside, only above 112.81 would confirm 1st leg of correction over and bring gain to 113.15/24 but resistance at 113.46 should remain intact.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 31 Mar 2016 02:04 GMT

EUR/USD - 1.1328
Euro's rally to as high as 1.1303 in New York afternoon on Tuesday due to dovish remarks from Fed's chair Yellen, then yesterday's breach of previous March's peak at 1.1343 to 1.1365 suggests a re-test of 2016 peak at 1.1377 (Feb) would be forthcoming soon.
However, above there is needed to bring resumption of erratic upmove from January's bottom at 1.0523 towards 1.1450/60 later.

On the downside, a daily close below support at 1.1283 would indicate a temporary top has been made and yield retracement towards 1.1245/55 before prospect of a rebound.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 31: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK
Update Time: 31 Mar 201609:21 GMT

USD/JPY - 112.43
Dollar's early selloff from Tue's 113.80 high on the back of dovish comments by Fed Chair Yellen to 1.02 yesterday confirms upmove from March's 6-month trough at 110.67 has ended there and choppy consolidation with downside bias is seen ahead of Fri's key U.S. jobs data.
Expect 12.70/80 to cap intra-day recovery and yield weakness towards 111.87 (61.8% r of 110.67-13.80), however, loss of momentum should keep price above 111.37.

On the upside, only above 113.15/24 res area dampens present bearish scenario but reckon 13.80 should remain intact.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 1: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 01 Apr 2016 03:37 GMT

EUR/USD - 1.1369
Euro's rally above 2016 peak at 1.1377 (Feburary) to a fresh 4-1/2 month peak at 1.1412 in New York morning signals erratic upmove from January's bottom at 1.0523 has resumed and further gain to 1.1450/60 is envisaged after consolidation.
However, 'loss of momentum' should cap price below 1.1495 (2015 Oct high) today and yield retreat later.

On the downside, only a daily close below support at 1.1310 would indicate a top has been made instead and turn outlook bearishness for subsequent correction towards 1.1220/30.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 1: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK
Update Time: 01 Apr 201608:09 GMT

USD/JPY - 112.32
Intra-day dollar's weakness to 112.06 due to active yen-buying on the back of weakness in the Nikkie suggests decline from this week's 113.80 peak to correct upmove from Mar's 16-month trough at 110.67 would resume, below 112.02 would pressure price to 111.87 (61.8% r), loss of momentum should keep price above 111.37.

Only a daily close above 112.68 (reaction high from 112.02) would risk stronger retracement of aforesaid fall to 113.15/25 before prospect of another decline next week.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 5: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 05 Apr 2016 04:08GMT

EUR/USD - 1.1397
Euro's rebound after retreating strongly from last Friday's 5-month peak of 1.1438 to 1.1335 in New York session suggests mild upside bias remains for recent upmove to resume after consolidation.
However, near term 'loss of upward momentum' should prevent strong gain today and reckon chart res at 1.1495 should remain intact.

On the downside, below 1.1335 would confirm a temporary top has been made and bring retracement towards 1.1310/15 but 1.1283 should hold, yield rebound.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 5: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 05 Apr 2016 09:02 GMT

USD/JPY - 110.48
Dollar's intra-day cross-inspired breach of March's 16-month bottom at 110.67 confirms MT downtrend from 2015 peak at 125.86 has resumed and further weakness to 110.09 and then 109.50/60 would be seen.
However, loss of momentum should keep price well above 109.00 today and yield rebound later.
On the upside, only a daily close above 111.06/10 would indicate a temporary low has been made and yield retracement to 111.37, then 111.80 before prospect of a retreat.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 6: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 06 Apr 2016 02:31 GMT

EUR/USD - 1.1382
Euro's rebound after last Friday's intra-day strong retreat from a fresh 5-month peak of 1.1438 to 1.1335 suggests mild upside bias remains for recent upmove to resume after consolidation.
However, near term 'loss of upward momentum' should prevent strong gain today and reckon chart res at 1.1495 should remain intact.

On the downside, below 1.1335 would confirm a temporary top has been made and bring retracement towards 1.1310/15 but 1.1283 should hold, yield rebound.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 6: Daily Recommendations on Major -USD/JPY


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DAILY MARKET OUTLOOK
Update Time: 06 Apr 2016 09:17 GMT

USD/JPY - 110.32
Dollar's cross-inspired selloff to a fresh 17-month trough at 109.92 confirms MT downtrend from 2015 peak at 125.86 has resumed and further weakness to 109.80 and then 109.50/60 would be seen.
However, loss of momentum should keep price well above 109.00 ahead of FOMC minutes later today.

On the upside, only a daily close above 111.06/10 would indicate a temporary low has been made and yield retracement to 111.37, then 111.80 before prospect of a retreat.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 7: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK
Update Time: 07 Apr 2016 03:09 GMT

EUR/USD - 1.1413
Despite euro's brief break of previous support at 1.1335 to 1.1327 ahead of New York open yesterday, subsequent intra-day rally to 1.1432 signals pullback from last Friday's fresh 5-month peak of 1.1438 has ended there and consolidation with upside bias would be seen, above said resistance anytime would confirm recent upmove has resumed and extend gain towards next chart objective at 1.1495 before prospect of correction.

On the downside, only a daily close below 1.1327 would confirm a temporary top has been made and bring retracement to 1.1283 but reckon 1.1220/25 would hold, yield rebound.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,782
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 7: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 07 Apr 2016 09:06 GMT

USD/JPY - 108.55
Dollar's intra-day cross-inspired selloff below yesterday's fresh 17-month trough at 109.34 confirms MT downtrend from 2015 peak at 125.86 has once again resumed and further weakness to 108.20/30 and then 107.60/70 would be seen before prospect of correction due to loss of momentum.

On the upside, only a daily close above 109.91/92 would indicate a temporary low has been made and yield retracement to 110.41 but resistance at 110.64 should remain intact.