INTRA-DAY GBP/USD: 1.5160
Last Update At 19 Mar 2010 09:43 GMT
Although cable has recovered after intra-day
cross-inspired selloff to 1.5128 n sideways trading wud be seen, reckon 1.5175 shud cap upside n yield resumption fo decline fm this week's high of 1.5382 for re-test of said sup, below extends to 1.5082.
Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5217/20...
Range Forecast
1.5128 / 1.5175
Resistance/Support
R: 1.5217/1.5256/1.5278
S: 1.5128/1.5082/1.5011
http://www.acetraderfx.com
Last Update At 19 Mar 2010 09:43 GMT
Although cable has recovered after intra-day
cross-inspired selloff to 1.5128 n sideways trading wud be seen, reckon 1.5175 shud cap upside n yield resumption fo decline fm this week's high of 1.5382 for re-test of said sup, below extends to 1.5082.
Sell on pullback with stop as indicated, break
wud risk stronger gain to 1.5217/20...
Range Forecast
1.5128 / 1.5175
Resistance/Support
R: 1.5217/1.5256/1.5278
S: 1.5128/1.5082/1.5011
http://www.acetraderfx.com
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3615
Late Update At 19 Mar 2010 06:50 GMT
Intra-day selloff in cable is likely to pressureeuro n as price has retreated after faltering be-low 1.3633 (o/n NY reaction high), suggesting thisweek's decline fm 1.3819 wud briefly penetrate NY1.3586 low but reckon sup at 1.3530 wud hold today.
Lower short entry for this move n exit on suchdecline. Abv 1.3648 may risk 1.3660/70 b4 'down'.
Range Forecast
1.3590 / 1.3620
Resistance/Support
R: 1.3648/1.3696/1.3726
S: 1.3586/1.3530/1.3484
http://www.acetraderfx.com
EUR/USD: 1.3615
Late Update At 19 Mar 2010 06:50 GMT
Intra-day selloff in cable is likely to pressureeuro n as price has retreated after faltering be-low 1.3633 (o/n NY reaction high), suggesting thisweek's decline fm 1.3819 wud briefly penetrate NY1.3586 low but reckon sup at 1.3530 wud hold today.
Lower short entry for this move n exit on suchdecline. Abv 1.3648 may risk 1.3660/70 b4 'down'.
Range Forecast
1.3590 / 1.3620
Resistance/Support
R: 1.3648/1.3696/1.3726
S: 1.3586/1.3530/1.3484
http://www.acetraderfx.com
USDCHF broke above 1.0639 resistance, suggesting that a cycle bottom has been formed at 1.0506 level on 4-hour chart. Sideways movement above 1.0506 is expected in a couple of days. Key resistance is now at the falling price channel on 4-hour chart. As long as the channel resistance holds, one more fall towards 1.0450 is possible. However, a clear break above the channel resistance will indicate that the fall from 1.0898 has completed, then the following uptrend could take price back to re-test 1.0898 resistance.
Daily Forex Forecast
Daily Forex Forecast
INTRA-DAY GBP/USD: 1.5291
Last Update At 18 Mar 2010 06:24 GMT
Despite intra-day euro-led weakness, as price
has ratcheted higher after finding renewed buying earlier at 1.5271, suggesting choppy consolidation with mild upside bias remains but abv 1.5350/55 is needed to bring re-test of y'day's high at 1.5382.
Turn 'cautious' buyer for this move n only below
1.5260/70 sup signals top is made, risks 1.5210/20.
Range Forecast
1.5285 / 1.5315
Resistance/Support
R: 1.5369/1.5382/1.5422
S: 1.5271/1.5227/1.5210
http://www.acetraderfx.com
Last Update At 18 Mar 2010 06:24 GMT
Despite intra-day euro-led weakness, as price
has ratcheted higher after finding renewed buying earlier at 1.5271, suggesting choppy consolidation with mild upside bias remains but abv 1.5350/55 is needed to bring re-test of y'day's high at 1.5382.
Turn 'cautious' buyer for this move n only below
1.5260/70 sup signals top is made, risks 1.5210/20.
Range Forecast
1.5285 / 1.5315
Resistance/Support
R: 1.5369/1.5382/1.5422
S: 1.5271/1.5227/1.5210
http://www.acetraderfx.com
Filed under Latest FX Articles · Tagged with bias, consolidation, market outlook, resistance, signals
INTRA-DAY GBP/USD: 1.5291
Last Update At 18 Mar 2010 06:24 GMT
Despite intra-day euro-led weakness, as price
has ratcheted higher after finding renewed buying earlier at 1.5271, suggesting choppy consolidation with mild upside bias remains but abv 1.5350/55 is needed to bring re-test of y'day's high at 1.5382.
Turn 'cautious' buyer for this move n only below
1.5260/70 sup signals top is made, risks 1.5210/20.
Range Forecast
1.5285 / 1.5315
Resistance/Support
R: 1.5369/1.5382/1.5422
S: 1.5271/1.5227/1.5210
http://www.acetraderfx.com
Last Update At 18 Mar 2010 06:24 GMT
Despite intra-day euro-led weakness, as price
has ratcheted higher after finding renewed buying earlier at 1.5271, suggesting choppy consolidation with mild upside bias remains but abv 1.5350/55 is needed to bring re-test of y'day's high at 1.5382.
Turn 'cautious' buyer for this move n only below
1.5260/70 sup signals top is made, risks 1.5210/20.
Range Forecast
1.5285 / 1.5315
Resistance/Support
R: 1.5369/1.5382/1.5422
S: 1.5271/1.5227/1.5210
http://www.acetraderfx.com
