AceTraderFx : Daily Recommendations on Majors

AceTraderFx Jun 24: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 24 Jun 2022 03:00GMT

EUR/USD - 1.0523
Although euro's strong rise to as high as 1.0601 last Thursday and Wednesday's rally above there to 1.0605 in New York on selloff in usd after Fed Powell's less hawkish comments suggests further choppy trading above May's 5-year bottom at 1.0350 would continue, yesterday's fall to 1.0484 in New York has retained bearishness and below 1.0470 would head towards 1.0445.

On the upside, only a daily close above 1.0580 would prolong choppy swings and risk stronger gain to 1.0605.

Data to be released on Friday:
New Zealand Market Holiday.
U.K. Gfk consumer confidence, retail sales, Japan nationwide CPI, Italy business confidence, trade balance, consumer confidence, Germany Ifo business climate, Ifo current conditions, Ifo expectations.
U.S. building permits, University of Michigan sentiment, new home sales on Friday and Canada average weekly earnings.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 24: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 24 Jun 2022 09:30GMT

USD/JPY - 134.77
Although dollar's selloff to as long as 134.27 in New York Thur on safe-haven yen buying suggests recent erratic upmove has made a temporary top at Wed's fresh 24-yaer peak at 136.71, intra-day rebound from 134.36 in Europe signals consolidation with upside bias remains and above 135.22 (Asia) would yield stronger gain towards 135.87 later.

On the downside, only a daily close below 134.27 would risk one more fall towards 133.93.

Data to be released on Friday:
U.K. Gfk consumer confidence, retail sales, Japan nationwide CPI, Italy business confidence, trade balance, consumer confidence, Germany Ifo business climate, Ifo current conditions, Ifo expectations.
U.S. building permits, University of Michigan sentiment, new home sales on Friday and Canada average weekly earnings.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 27: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 27 Jun 2022 03:00GMT

EUR/USD - 1.0560
Although euro's rally from June's 1-month bottom at 1.0360 to as high as 1.0605 last Wednesday suggests further choppy trading above May's 5-year trough at 1.0350 would continue, Friday's decline to 1.0484 signals consolidation with downside bias remains and below 1.0470 would yield weakness towards 1.0445.

On the upside, only above above 1.0580 would prolong choppy sideways swings and risks re-test of 1.0605, break, 1.0630 later.

Data to be released today:
Japan coincident index, leading indicator.
U.S. durables goods, durables ex-transport, durables ex-defense, pending home sales and Dallas Fed manufacturing business on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 27: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 27 Jun 2022 09:30GMT

USD/JPY - 135.05
Although dollar's selloff to as low as 134.27 in New York Thursday on safe-haven yen buying suggests recent erratic upmove has made a temporary top at Wednesday's fresh 24-year peak at 136.71, Fri's rebound from 134.36 to 135.39 in New York and subsequent retreat would yield further choppy swings, below 134.27 would head to 133.88/93.

On the downside, only a daily close below 135.39 would suggest 1st leg of correction over and yield stronger gain towards 135.87.

Data to be released today:
U.S. durables goods, durables ex-transport, durables ex-defense, pending home sales and Dallas Fed manufacturing business on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 28: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 28 Jun 2022 03:00GMT

EUR/USD - 1.0581
Euro's rally from June's 1-month bottom at 1.0360 to as high as 1.0605 last Wednesday, then to a 2-week high at 1.0614 in New York on broad-based usd's retreat suggests further choppy trading above May's 5-year trough at 1.0350 would continue, as long as 1.0555 holds, marginal gain would be seen and above 1.0614 would head to 1.0640/45 but 1.0661 should hold.

On the downside, only below 1.0515 would signal said recovery over and weakness towards 1.0484, then 1.0470 would be seen.

Data to be released on Tuesday:
Germany Gfk consumer sentiment, France consumer confidence, Italy industrial sales.
U.S. goods trade balance, wholesale inventories, redbook, monthly home price, consumer confidence and Richmond Fed manufacturing.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 28: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 28 Jun 2022 09:30GMT

USD/JPY - 135.70
Although dollar's selloff from last Wed's fresh 24-year peak at 136.71 to 134.27 Thursday on safe-haven yen buying suggests recent erratic upmove has made a temporary top there, subsequent strong rebound to 135.54 in New York Mon and intra-day break there suggests aforesaid pullback has possibly ended and consolidation with upside bias remains for 136.30, break, 136.71.

On the downside, only a daily close below 135.02 would dampen bullishness and risk weakness to 134.53/58, 134.27.

Data to be released later:
Germany Gfk consumer sentiment, France consumer confidence, Italy industrial sales.
U.S. goods trade balance, wholesale inventories, redbook, monthly home price, consumer confidence and Richmond Fed manufacturing.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

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

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 29 Jun 2022 03:00GMT

EUR/USD - 1.0530
Despite euro's resumption of recent erratic rise from June's 1-month trough of 1.0360 to a 2-week high of 1.0614 Mon, yesterday's break of 1.0555 support to 1.0504 in New York on broad-based rebound in usd suggests a temporary top is made and stronger retracement towards 1.0445 is envisaged before prospect of recovery later.

On the upside, only a daily close above 1.0555 would prolong choppy sideways swings and risk gain to 1.0590/00.

Data to be released on Wednesday:
U.K. BRC shop price index, Japan retail sales, consumer confidence, Australia retail sales, Swiss investor sentiment, EU business sentiment, economic sentiment, industrial sentiment, services sentiment, consumer confidence,
U.S. mortgage application, GDP and PCE prices.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx Jun 29: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 29 Jun 2022 09:30GMT

USD/JPY - 136.15
Despite dollar's selloff from last Wednesday's fresh 24-year peak at 136.71 to as low as 134.27 Thur, subsequent strong rebound to 135.54 Monday and yesterday's break there to 136.38 in New York on renewed usd's strength suggests pullback has ended and re-test of said resistance would be seen, break would extend long term uptrend to 137.10/20.

On the downside, only a daily close below 135.80 would signal temporary top in place and risk weakness towards 135.54.

Data to be released on Wednesday:
U.K. BRC shop price index, Japan retail sales, consumer confidence, Australia retail sales, Swiss investor sentiment, EU business sentiment, economic sentiment, industrial sentiment, services sentiment, consumer confidence,
U.S. mortgage application, GDP and PCE prices

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

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

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 30 Jun 2022 03:00GMT

EUR/USD - 1.0442
Euro's intra-day selloff in Europe on ECB Lagarde's mildly dovish comments and then break of last week's 1.0470 low to 1.0436 in New York suggests corrective rise from June's 1-month trough at 1.0360 has ended and downside bias remains for further weakness, oversold condition should keep euro well above said June's low.

On the upside, only a daily close above 1.0470 prolongs choppy sideways swings and may risk stronger retracement of decline from last week's high at 1.0614 to 1.0500/04 but 1.0535 should cap upside ahead of Friday's key U.S. jobs data.

Data to be released on Thursday :
Japan industrial production, construction orders, housing starts, China NBS manufacturing PMI, NBS non-manufacturing PMI.
UK GDP, current account, nationwide house price, Germany import prices, retail sales, unemployment change, unemployment rate, CPI, Swiss retail sales, KOF indicator, France consumer spending, CPI, producer prices, Italy unemployment rate, producer prices, EU unemployment rate.
U.S. person income, personal spending, PCE price index, initial jobless claims, continuing jobless claims, Chicago PMI and Canada GDP.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader

AceTraderFx Jun 30: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 30 Jun 2022 09:30GMT

USD/JPY - 136.23
Despite resumption of uptrend to a fresh 24-year peak of 136.99 in New York yesterday, subsequent retreat in tandem with U.S. yields and intra-day fall from 136.81 to as low as 135.97 suggests temporary top has been made and consolidation with downside bias is seen for a long-overdue retracement to 135.54/59 but reckon 135.12 would contain weakness.

Only above 136.81 signals pullback over and yields one more rise towards projected target at 137.20 before prospect of a correction.

Data to be released on Thursday :
UK GDP, current account, nationwide house price, Germany import prices, retail sales, unemployment change, unemployment rate, CPI, Swiss retail sales, KOF indicator, France consumer spending, CPI, producer prices, Italy unemployment rate, producer prices, EU unemployment rate.
U.S. person income, personal spending, PCE price index, initial jobless claims, continuing jobless claims, Chicago PMI and Canada GDP.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 04: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 04 July 2022 03:00GMT

EUR/USD - 1.0440
Euro's intra-day short-covering rebound from Friday's 2-week bottom at 1.0367 in New York suggests recent erratic decline has made a temporary low and initial range trading would be seen before prospect of another fall, below June's 1.0360 trough would yield re-test of May's 5-year bottom at 1.0350, break, 1.0328 later.

On the upside, only a daily close above 1.0488 would prolong choppy trading above 1.0350 and risk stronger retracement to 1.0504, 1.0535.

Data to be released today:
Australia building permits.
Germany exports, imports, trade balance, Swiss CPI, EU Sentix index, producer prices.
US Market Holiday and Canada SnP manufacturing PMI on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 04: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 04 July 2022 09:30GMT

USD/JPY - 135.35
Euro's selloff below 135.56 (Thursday) to as low as 134.75 in tandem with US yields at European open last Friday suggests long term uptrend has made a temporary top at Wednesday's fresh 24-year peak at 136.99 and subsequent sideways swings would yield consolidation before prospect of another fall, below 134.75 would head towards 134.53 but 134.27 should hold.

On the upside, only a daily close above 135.66 would signal aforesaid pullback over and risk gain to 135.88/98.

Data to be released today:
Germany exports, imports, trade balance, Swiss CPI, EU Sentix index, producer prices.
US Market Holiday and Canada SnP manufacturing PMI on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 05: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 05 July 2022 03:00GMT

EUR/USD - 1.0432
Despite euro's selloff to a 2-week bottom at 1.0367 in New York Friday, subsequent strong short-covering rise to 1.0462 in Europe yesterday suggests choppy trading above May's 5-year trough at 1.0350 would continue and range trading is seen before prospect of another fall but below 1.0350/60 needed to extend to 1.0320/30.

On the upside, only a daily close above 1.0462 would risk stronger retracement towards 1.0488, break, 1.0505/10.

Data to be released on Tuesday :
New Zealand business confidence, Australia AIG construction index, services PMI, RBA interest rate decision, Japan Jibun Bank manufacturing PMI, China Caixin manufacturing PMI,
France industrial output, SnP global services PMI, Italy SnP global services PMI, Germany SnP global services PMI, EU SnP global services PMI, UK SnP global services PMI.
Canada building permits, US durables ex-defense, durable goods, factory orders and durables ex-transport.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 05: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 05 July 2022 09:30GMT

USD/JPY - 135.67
Dollar's selloff below 135.56 (Thur) to as low as 134.75 in tandem with US yields at European open last Fri suggests long term uptrend has made a temporary top at Wed's fresh 24-year peak at 136.99 and subsequent sideways swings would yield consolidation before prospect of another fall, below 134.75 would head towards 134.53 but 134.27 should hold.

On the upside, only a daily close above 135.66 would signal aforesaid pullback over and risk gain to 135.88/98.

Data to be released on Tuesday :
France industrial output, SnP global services PMI, Italy SnP global services PMI, Germany SnP global services PMI, EU SnP global services PMI, UK SnP global services PMI.
Canada building permits, US durables ex-defense, durable goods, factory orders and durables ex-transport.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 06: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 06 July 2022 03:00GMT

EUR/USD - 1.0265
Euro's selloff below May's 5-year low at 1.0350 to a near 20-year bottom at 1.0236 on broad-based rally in usd due to safe-haven buying on global stock market rout suggests price would head towards projected target at 1.0188 before prospect of correction due to oversold condition.

On the upside, only a daily close above 1.0350 would indicate a temporary bottom is in place and risk stronger retracement to 1.0380/90.

Data to be released on Wednesday:
Germany industrial orders, U.K. SnP construction PMI, labor productivity, EU retail sales.
U.S. mortgage application, redbook, SnP global services PMI, ISM non-manufacturing PMI, JOLTS job opening.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 06: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 06 July 2022 09:30GMT

USD/JPY - 135.26
Dollar's early selloff from last Wed's fresh 24-year peak at 136.99 in tandem with U.S. yields to 134.75 (Fri) signals a temporary top has been made, despite staging a strong rise to as high as 136.36 yesterday on broad-based safe-haven buying in usd, intra-day firm break of 135.53 would yield re-test of 134.75, below, 134.53, 134.27.

On the upside, only a daily close above 135.89 would prolong choppy swings and risk another rise to 136.26/36 later.

Data to be released on Wednesday:
Germany industrial orders, U.K. SnP construction PMI, labor productivity, EU retail sales.
U.S. mortgage application, redbook, SnP global services PMI, ISM non-manufacturing PMI, JOLTS job opening.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 07: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 07 July 2022 03:00GMT

EUR/USD - 1.0178
Euro's selloff to 1.0236 Tue and yesterday's break there to a fresh near-20 year bottom at 1.0163 in New York Wed on continued rally in usd suggests recent decline would extend to 1.0120/30 before prospect of a minor retracement due to near term loss of momentum.

On the upside, only a daily close above 1.0236 would indicate a temporary bottom is made and risk stronger retracement towards 1.0276 before down.

Data to be released on Thursday:
Australia AIG services index, trade balance, imports, exports, Japan coincident index, leading indicators, machine tools orders.
Swiss unemployment rate, U.K. Halifax house price, Germany industrial output.
U.S. ADP employment rate, international trade balance, goods trade balance, initial jobless claims, continuing jobless claims, Canada trade balance, exports, imports and Ivey PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 07: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 07 July 2022 09:30GMT

USD/JPY - 136.09
Despite dollar's sharp fall from last Wed's fresh 24-year peak at 136.99 to as low as 134.75 Fri in tandem with US yields, subsequent strong rebound to 136.36 Tue and yesterday's bounce to 136.00 suggests consolidation with upside bias remains and above 136.36 would yield re-test of said res, break, 136.70/80 later.

On the downside, only a daily close below 135.26 would prolong choppy swings and risk weakness towards 134.96, 134.75.

Data to be released on Thursday:
Swiss unemployment rate, U.K. Halifax house price, Germany industrial output.
U.S. ADP employment rate, international trade balance, goods trade balance, initial jobless claims, continuing jobless claims, Canada trade balance, exports, imports and Ivey PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 08: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 08 July 2022 03:00GMT

EUR/USD - 1.0169
Euro's selloff below May's 5-year low of 1.0350 to 1.0163 Wed and yesterday's break there to a fresh 20-year bottom of 1.0145 in New York on continued safe-haven usd buying suggests price would head to 1.0100/05, loss of momentum may keep price above projected 1.0075/80 support today.

On the upside, only a daily close above 1.0236 confirms a temporary low is in place and risks stronger retracement to 1.0271/76.

Data to be released on Friday:
Japan all household spending, current account, trade balance, eco watchers current, eco watchers outlook.
France current account, trade balance, imports, exports, Italy industrial output.
US non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

AceTraderFx July 08: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 08 July 2022 09:30GMT

USD/JPY - 135.77
Although dollar's sharp decline from last Wed's fresh 24-year peak at 136.99 in tandem with US yields to 134.75 last Friday suggests long term uptrend has made a temporary top there, subsequent bounce to 136.36 Tue signals pullback possibly over and above 136.36 would yield stronger gain to 136.70/80.

On the downside, only a daily close below 134.96 would bring weakness towards 134.75 but 134.27 should contain downside.

Data to be released on Friday:
US non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update