EURUSD

what does that mean when you see volume increasing at weekly chart?

history

agree 2820 is possible till EU opening good luck my sell limit is there

Ub

tock

ASIA DAILY FOREX OUTLOOK - Majors

SINGAPORE (Dow Jones)


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2010-08-16_ASIA DAILY FOREX OUTLOOK - Majors (01h27 CET) 001.pdf (14.5 KB)


EUR/USD - to consolidate with bearish bias. Pair undermined by unwinding of long-EUR carry trades on increased risk aversion, stronger USD sentiment, lackluster demand at Italian government bond auction Friday, concerns over creditworthiness of Irish banks, worries over negative effects of austerity measures on economies of some euro-zone nations, Bank of Spain saying Spanish banks had increased their funding from ECB in July. But EUR/USD losses tempered by stronger-than-expected 2.2% rise in German 2Q GDP (vs +1.4% forecast, fastest 2Q pace since reunification in 1990), 1.0% growth in euro-zone 2Q GDP (vs +0.7% forecast, fastest 2Q pace in 4 years). Data focus: 0900 GMT euro-zone July harmonized CPI. EUR/USD daily chart negative-biased as MACD & stochastics bearish, although latter at oversold. Support at 1.2747 (Friday's low); breach would target 1.2730 (July 21 reaction low), then 1.2614 (55-day moving average) and 1.2520 (July 13 reaction low). Resistance at 1.2830 (hourly chart), then at 1.2906 (Friday's high); breach would temper near-term negative outlook, targeting 1.2932 (Thursday's high), then 1.3190 (Wednesday's high), 1.3234 (Tuesday's high) and 1.3307 (Aug. 9 high).



USD/CHF - to range-trade. Pair underpinned by broadly stronger USD undertone; weaker-than-expected Swiss July PPI & import price index (rose 0.5% on year vs +0.7% forecast), suggesting SNB in no rush to raise interest rates. But USD/CHF topside limited by unwinding of short-CHF carry trades amid higher risk aversion. Daily chart mixed as MACD in bullish mode, but stochastics turning bearish. Resistance at 1.0551 (Friday's high); breach would expose upside to 1.0626 (Wednesday's high), then 1.0640 (July 27 reaction high), 1.0675 (July 12 high), 1.0812 (55-day moving average) and 1.0885 (100-day moving average). Support at 1.0461 (Thursday's low); breach would expose downside to 1.0356 (Aug. 9 low), then 1.0328 (Aug. 6 low) and 1.0127 (Jan. 11 reaction low).



GBP/USD - to trade with bearish bias. Pair undermined by higher investor risk aversion, stronger USD sentiment, 1.7% on-month drop in Rightmove mid-August UK house price index (biggest monthly decline since December 2009), concerns over negative impact of fiscal tightening on UK economic growth. GBP/USD daily chart negative-biased as MACD & stochastics bearish, 5-day moving average staged bearish crossover against 15-day; but inside-day-range pattern completed Friday. Support at 1.5560 (Thursday's low, matching uptrend line from June 8 low of 1.4344); breach would expose downside to 1.5502 (200-day moving average), then 1.5471 (previous cap set July 15) - after which there's no significant support until 1.5179 (55-day moving average) and 1.5123 (July 21 reaction low). Resistance at 1.5680 (Friday's high); breach would temper near-term negative outlook, exposing upside to 1.5716 (Thursday's high), then 1.5866 (Wednesday's high), 1.5910 (Tuesday's high) and 1.6002 (Aug. 6 high).



We do not trade within the Samurai Houswifes Session today ...

But we do observe the Swiss Franc a bit more in the time between ...

Nite ...

went up kissed 2774, we could get a new low in asia....yen crosses arent taking gdp data too well, neither are commodity currencies....

1080 on sp seems to be line in the sand

What happened to AU... seems it got hit harder than others?

Asian risk aversion, bad Japanese GDP.

those commodity currencies(au, nu, aj) usually get hit the hardest during risk aversion......less demand for commodities

here we go.........

Stopped out at BE on my long from 1.2751 that I was hoping to use to get short at a better level.

Now short a full load and I'm stickin' with it.

Truth be told, I never should have exited my initial short @ 1.3140. I got greedy at the 38.2 Fib of 1.2777, and tried to play for a few pips inside the move I was short on. Over the weekend I decided to open a segregated sub account to trade the hourly with, so I will be less tempted to exit a position and play smaller interior moves like that.

1.2730 is ow the focus, we get through there, and the 50% fib @1.2607 will be the ultimate destination with perhaps some wiggles in the way.

It sure looks that way right now.

add 2594.2 2363.9 2133.5
tock

could anyone please tell me the high and low price on 1m chart candle 18:01? on both the bid and ask?

You just know there is a boat load sell stops under 1.2730, so if they get tripped, it's gonna be an express elevator down for a bit.

Or more like Wiley Coyote when he's out on the edge of an undercut cliff and it breaks off.....

The NIKKEI is taking a beating right now, are We back to May?

if last weeks candle does as it indicates. we could end up with a tweezers monthly close for august. and would fulfill the usual summer range. and open new lower targets..

i had
open 2203
close 3048
h 31066
l 2196

What platform do you use to see sell stops?

I think EURJPY and GBPJPY would get hit harder because of higher ATR aswell as being in the Asian session. I know about the JPY GDP dissappointment... hence the original question.

AU is highly correlated to DOW/S&P lately so a bigger than normal change in AU usually means a bigger than normal change in the markets.