AceTraderFx : Daily Recommendations on Majors

AceTraderFx Aug 22: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 22 Aug 2022 03:00GMT

EUR/USD - 1.0032
Euro's recent decline from August's 1.0368 peak to a 1-month low of 1.0033 in New York last Friday due to broad-based usd's strength in tandem with rally in U.S. yields suggests re-test of July's 20-year bottom at 0.9953 would be seen later today or tomorrow before prospect of minor recovery.

On the upside, only a daily close abovw 1.0095 would risk retracement towards 1.0123.

Data to be released today :
U.S. national activity index and Canada new housing price index 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 Aug 22: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 22 Aug 2022 09:30GMT

USD/JPY - 136.78
Dollar's rally on hawkish Fedspeak Thusday and then gain to 137.23 in New York on Friday on broad-based usd's strength in tandem with U.S. yields suggests correction from July's 24-year peak at 139.39 has ended earlier at 130.41 (August low) and further headway to 137.60/70 is envisaged, reckon 137.95 would cap upside and yield retreat later.

On the downside, only a daily close below 136.37 may risk stronger retracement to 135.80/90.

Data to be released later :
U.S. national activity index and Canada new housing price index 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 Aug 23: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 23 Aug 2022 03:00GMT

EUR/USD - 0.9935
Yesterday's selloff below Jul's 0.9953 low to a fresh 20-year trough of 0.9927 and daily close below there due to usd's broad-based strength suggests recent down-trend has finally resumed and would head to projected objective at 0.9851 which may hold due to oversold condition.
On the upside, only a daily close above 0.9990 would indicate a temporary trough is made and risk stronger retracement towards 1.0033.

Data to be released on Tuesday:
Australia manufacturing PMI, services PMI, Japan Jibun bank manufacturing PMI, Jibun bank services PMI.
France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, consumer confidence, U.K. S n P manufacturing PMI, S n P global services PMI.
U.S. building permits, redbook, S n P manufacturing PMI, S n P global services PMI, new home sales, 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 Aug 23: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 23 Aug 2022 09:30GMT

USD/JPY - 137.22
Dollar's resumption of recent upmove from August's 130.41 bottom in tandem with U.S. yields to a near 1-month high of 137.64 in New York Monday on broad-based rally in usd, then intra-day break there suggests pullback from Jul's 24-year peak at 139.39 has ended and further gain to 138.00/10 is envisaged next after consolidation.

On the downside, only a daily close below 136.71 would indicate a temporary top is made and risk weakness to 136.32/37.

Data to be released on Tuesday:
France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, consumer confidence, U.K. S n P manufacturing PMI, S n P global services PMI.
U.S. building permits, redbook, S n P manufacturing PMI, S n P global services PMI, new home sales, 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 Aug 24: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

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

EUR/USD - 0.9962
Euro's break of July's 0.9953 low to a fresh 20-year trough of 0.9927 Monday confirms long term downtrend has resumed and despite staging a strong rebound from 0.9001 (Europe) to 1.0018 in New York yesterday, subsequent retreat has retained daily bearishness and below 0.9901 would yield 0.9868.

On the upside, only a daily close above 1.0018 would risk stronger retracement of recent decline towards 1.0046, break, 1.0070/80.

Data to be released on Wednesday:
U.S. MBA mortgage application, durable goods, durables ex-transport, durables ex-defense and pending home sales.

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 Aug 24: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

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

USD/JPY - 136.46
Although Tue's marginal gain to 137.71 (Asia) signals correction from July's 24-year 139.39 peak has ended at 130.41 (August low) earlier, selloff in New York to 135.82 on weak US PMIs suggests temporary top is made, subsequent bounce has retained bullish outlook and above 137.03/05 would yield stronger gain to 137.60/70.

On the downside, only a daily close below 136.00 would risk stronger retracement towards 135.82, break, 135.57.

Data to be released on Wednesday:
U.S. MBA mortgage application, durable goods, durables ex-transport, durables ex-defense and pending home sales.

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 Aug 25: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 25 Aug 2022 03:00GMT

EUR/USD - 0.9972
Euro's break of July's 0.9953 low Mon to a fresh 20-year trough of 0.9901 Tue confirms long term downtrend has resumed, however, subsequent bounce to 1.0018, then fall to 0.9911 yesterday and intra-day rally to 1.0000 would yield further choppy swings before heading towards 0.9868.

On the upside, only a daily close above 1.0018 would indicate a temporary trough is made and risk stronger retracement towards 1.0046 but 1.0070/80 should cap upside.

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 Aug 25: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 25 Aug 2022 09:30GMT

USD/JPY - 136.57
Although Tue's marginal gain to 137.71 (Asia) signals correction from July's 24-year 139.39 peak has ended at 130.41 (August low) earlier, selloff in New York to 135.82 on weak US PMIs suggests temporary top is made, subsequent bounce has retained bullish outlook and above 137.03/05 would yield stronger gain to 137.60/70.

On the downside, only a daily close below 136.00 would risk stronger retracement towards 135.82, break, 135.57.

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 Aug 26: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 26 Aug 2022 02:30GMT

EUR/USD - 0.9968
Euro's break of July's 0.9953 low Monday to a fresh 20-year trough of 0.9901 Tuesday confirms long term downtrend has resumed, however, subsequent bounce to 1.0018, then erratic rise to 1.0033 yesterday signals a temporary low is made, intra-day fall to 0.9950 would yield 0.9901, break, 0.9883.

On the upside, only a daily close above 1.0000 would risk stronger retracement of said decline towards 1.0033, 1.0071.

Data to be released on Friday:
Japan Tokyo CPI.
Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence.
U.S. personal spending, personal income, PCE prices index, goods trade balance wholesale inventories, University of Michigan sentiment and Canada budget balance.

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 Aug 26: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 26 Aug 2022 09:30GMT

USD/JPY - 136.98
Although dollar's upmove from August's 130.41 low to 137.71 Tuesday suggests correction from July's 24-year peak at 139.39 has ended, subsequent brief but sharp re-treat to 135.82 the same day and subsequent choppy swings would continue before prospect of another rise, above 137.24 (Wednesday top), 137.60/70.

On the downside, only a daily close below 136.18 may risk weakness to 135.82/85.

Data to be released on Friday:
Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence.
U.S. personal spending, personal income, PCE prices index, goods trade balance wholesale inventories, University of Michigan

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 Aug 29: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

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

EUR/USD - 0.9935
As euro's intra-day wild swings during Fed Powell's Jackson Hole speech ended with price tumbling from 1.0089 to as low as 0.9957 due to broad-based safe-haven buying in the greenback, intra-day break of Friday's 0.9947 low (Europe) would head towards August's fresh 20-year bottom at 0.9901, a break there would extend recent downtrend to 0.9850/55 later.

On the upside, only above 1.0000 handle 'prolongs' choppy sideways swings above 0.9901 but reckon 1.0033 should cap upside.

Data to be released today:
Australia retail sales, Japan coincident index, leading index, U.K. market holiday and U.S. Dallas Fed manufacturing business index 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 Aug 29: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

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

USD/JPY - 138.82
As dollar's daily wild swings from last Tuesday's 1-month high of 137.71 has finally ended on Friday with price initially spiking down to 136.31 Friday after hawkish comments by Fed's Powell and subsequent gain to 137.74, then intra-day rally would head towards July's 24-year 139.39 peak, above 139.39 would extend towards 140.00.

On the downside, only a daily close below 138.09 would risk stronger retracement to 137.71/74.

Data to be released later:
U.K. market holiday and U.S. Dallas Fed manufacturing business index 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 Aug 30: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

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

EUR/USD - 1.0012
Despite euro's follow-through selling initially on Monday after selloff from Friday's 1.0089 high to 0.9914 ahead of European open, subsequent rally to 1.0028 in New York in reaction to hawkish comments by ECB officials suggests choppy swings above August's 20-year 0.9901 trough may continue in next 1-2 days before down and below 0.9947 would head towards 0.9914.

On the upside, only a daily close above 1.0089 would yield stronger retracement of recent fall towards 1.0123.

Data to be released on Tuesday:
Japan unemployment rate, Australia building permits.
Germany import prices, CPI, Swiss KOF indicators, Italy industrial sales, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
Canada current account, U.S. redbook, monthly home price, consumer confidence and JOLTUS jobs openings.

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 Aug 30: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

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

USD/JPY - 138.21
As dollar's daily wild swings from last Tuesday's 1-month high of 137.71 finally ended on Friday with price jumping from 136.21 to 137.74, then yesterday's impressive rise to 139.00, re-test of July's 24-year peak at 139.39 is envisaged after consolidation but break needed to extend to 139.65/75 later.

On the downside, only a daily close below 137.70/75 may confirm a temporary top made and risk retracement to 137.71/74.

Data to be released on Tuesday:
Germany import prices, CPI, Swiss KOF indicators, Italy industrial sales, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
Canada current account, U.S. redbook, monthly home price, consumer confidence and JOLTUS jobs openings.

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 Aug 31: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 31 Aug 2022 03:00GMT

EUR/USD - 1.0033
Despite euro's follow-through selling initially on Monday after selloff from Friday's 1.0089 high to 0.9914, subsequent rally to 1.0028, then to 1.0054 yesterday on renewed usd's strength due to upbeat U.S. data suggests choppy swings above August's 20-year 0.9901 trough may continue in next 1-2 days before prospect of another fall and below 0.9983 would head towards 0.9947, 0.9911.

On the upside, only a daily close above 1.0054 would risk one more rise to 1.0075/85.

Data to be released on Wednesday:
New Zealand building permits, U.K. BRC shop price index, nationwide house price, Japan industrial output, retail sales, consumer confidence, construction orders, China NBS manufacturing PMI, NBS non-manufacturing PMI, Australia construction work done.
France consumer spending, GDP, CPI, producer prices, Germany unemployment change, unemployment rate, Swiss investor sentiment, EU HICP, Italy CPI, producer prices.
U.S. MBA mortgage application, ADP employment change, 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 Aug 31: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 31 Aug 2022 09:30GMT

USD/JPY - 138.59
Dollar's marginal break above Monday's 6-week 139.00 top to 139.06 in New York yesterday due to renewed usd's strength
and cross-selling in yen after intra-day retreat to 138.06 suggests re-test of July's 24-year peak at 139.39 would be seen after consolidation but reckon 140.00 should hold.

On the downside, only a daily close below 138.06 would risk stronger retracement of recent rise to 137.71/74.

Data to be released on Wednesday:
U.K. BRC shop price index, nationwide house price, France consumer spending, GDP, CPI, producer prices, Germany unemployment change, unemployment rate, Swiss investor sentiment, EU HICP, Italy CPI, producer prices.
U.S. MBA mortgage application, ADP employment change, 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 Sept 01: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 01 Sept 2022 03:00GMT

EUR/USD - 1.0027
Despite euro's decline from last Friday's 1.0089 high to 0.9914 Monday, subsequent erratic rise to 1.0078 in New York yesterday due to active buying in euro on market's hawkish EBC outlook suggests
choppy swings above Aug's 20-year 0.9901 trough may continue and above 1.0089 may head to 1.0123, 1.0146/47.

On the downside, only a daily close below 1.0000 would yield re-test of Wednesday's 0.9972 low, break would extend further weakness towards 0.9947.

Data to be released on Thursday:
Australia AIG manufacturing index, manufacturing PMI, building capex, capital expenditure, Japan Jibun bank manufacturing PMI, China Caixin manufacturing PMI.
Germany retail sales, S n P manufacturing PMI, Swiss CPI, retail sales, manufacturing PMI, Italy S n P manufacturing PMI, unemployment rate, GDP, France S n P manufacturing PMI, EU S n P manufacturing PMI, employment change, U.K. S n P manufacturing PMI.
U.S. initial jobless claims, continuing jobless claims, labor costs, productivity, S n P manufacturing PMI, construction spending, USM manufacturing PMI, Canada building permits and S n P manufacturing 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 Sept 01: Daily Recommendations on Major –USD/JPY


DAILY MARKET OUTLOOK on Major
Update Time: 01 Sept 2022 09:30GMT

USD/JPY - 139.17
Dollar's intra-day break of Jul's fresh 24-year top of 139.39 to 139.67 following Wednesday's rally in tandem with U.S. yields suggests uptrend has once again resumed and further gain towards psychological 140.00 handle can't be ruled out but a daily close above there needed to head towards 140.65 later.

On the downside, only a daily close below 139.00/06 may indicate a temporary top is made and risk stronger retracement to 138.62/67.

Data to be released on Thursday:
Germany retail sales, S n P manufacturing PMI, Swiss CPI, retail sales, manufacturing PMI, Italy S n P manufacturing PMI, unemployment rate, GDP, France S n P manufacturing PMI, EU S n P manufacturing PMI, employment change, U.K. S n P manufacturing PMI.
U.S. initial jobless claims, continuing jobless claims, labor costs, productivity, S n P manufacturing PMI, construction spending, USM manufacturing PMI, Canada building permits and S n P manufacturing 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 Sept 02: Daily Recommendations on Major -EUR/USD

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 02 Sept 2022 03:00GMT

EUR/USD - 0.9955
Despite euro's daily wild swings following fall from 1.0089 (Friday) to 0.9914 Monday, yesterday's weakness to 0.9911 on renewed usd's strength following upbeat US ISM data suggests re-test of August's 24-year 0.9901 low would be seen, break would extend recent downtrend towards projected target at 0.9855 later.

On the upside, only a daily close above 1.0009 would prolong choppy swings and risk stronger gain to 1.0038/48

Data to be released on Friday:
New Zealand terms of trade, import prices, export prices.
Germany exports, imports, trade balance, current account, Swiss non-farm payrolls, France budget balance, EU producer prices.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, durables ex-defense, durable goods, factory orders, durables ex-transport and Canada labor productivity 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 Sept 02: Daily Recommendations on Major –USD/JPY

Attached Image (click to enlarge)

DAILY MARKET OUTLOOK on Major
Update Time: 02 Sept 2022 09:30GMT

USD/JPY - 140.30
Dollar's rally above July's fresh 24-year 139.39 top in tandem with U.S. yields to 139.67 in Europe, then gain to 140.22 after upbeat U.S. data and intra-day break there on continued yen weakness suggests price would head to 140.65, reckon 141.10/15 would cap upside and yield minor retracement later.

On the downside, only a daily close below below 139.88 would indicate a temporary trough made and risk stronger retracement towards 139.67, break, 139.34/39.

Data to be released on Friday:
Germany exports, imports, trade balance, current account, Swiss non-farm payrolls, France budget balance, EU producer prices.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, durables ex-defense, durable goods, factory orders, durables ex-transport and Canada labor productivity 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