AceTraderFx : Daily Recommendations on Majors

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

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 22 Aug 2016 05:00 GMT

EUR/USD - 1.1292
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

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

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 22 Aug 2016 09:43 GMT

USD/JPY - 100.77
Dollar's initial gap-up open to 100.92 (New Zealand) following weekend's comments by BoJ Governor Kuroda and then Fed Vice Chairman Fischer suggests 'choppy' trading above last Tuesday's 7-week trough at 99.54 would continue with upside bias, above 101.17 (reaction high Wednesday) would bode well for stronger retracement of recent decline to 131.46/56 later.

On the downside, only below 100.29 (intra-day low) dampens near term bullish bias but reckon 100.00/03 would contain weakness and yield another rebound.

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AceTraderFx Aug 23: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 23 Aug 2016 04:09 GMT

EUR/USD - 1.1326
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

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

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

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 24 Aug 2016 04:02 GMT

EUR/USD - 1.1301
Despite the single currency's rally to a fresh 8-week high at 1.1366 last Thursday, subsequent retreat suggests recent upmove has possibly made a temporary top there and choppy trading with downside bias would be seen.
However, as broad-outlook remains consolidative, reckon support at 1.1242 would hold and yield rebound later.

On the upside, only above 1.1366 would confirm uptrend from 1.0912 (June) has resumed and extend towards 1.1410/20 before prospect of correction.

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

AceTraderFx Aug 25: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 25 Aug 2016 09:26 GMT

USD/JPY - 100.32
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen.
However, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

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AceTraderFx Aug 26: Daily Recommendations on Major -USD/JPY


DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 26 Aug 2016 09:18 GMT

USD/JPY - 100.45
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias ahead of today's Yellen speech and marginal weakness is likely to be seen, however, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

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

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

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 29 Aug 2016 04:10 GMT

EUR/USD - 1.1194
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1174 today suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

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AceTraderFx Aug 29: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 29 Aug 2016 09:15 GMT

USD/JPY - 102.26
The greenback's rally to as high as 101.93 on Friday following Yellen's hawkish comments, then to 102.39 today signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 102.66, however, near term loss of momentum would keep price below 102.83 today and yield retreat later.

On the downside, only below 101.46 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

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

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 30 Aug 2016 02:02 GMT

EUR/USD - 1.1185
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then marginally lower to 1.1158 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

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

AceTraderFx Aug 30: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 30 Aug 2016 09:15 GMT

USD/JPY - 102.38
The greenback's rally to as high as 102.39 on Monday following Yellen's hawkish comments, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 102.66.
However, near term loss of momentum would keep price below 102.83 today and yield retreat later.

On the downside, only below 101.46 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

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

AceTraderFx Aug 31: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 31 Aug 2016 04:01 GMT

EUR/USD - 1.1141
The single currency's selloff on Friday post hawkish comments from Fed's Yellen to 1.1181, then lower to 1.1132 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1130.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

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

AceTraderFx Aug 31: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 31 Aug 2016 09:35 GMT

USD/JPY - 103.18
The greenback's rally to as high as 103.13 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.50/52.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Sept 1: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 01 Sep 2016 04:08 GMT

EUR/USD - 1.1156
The single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 yesterday suggests decline from August's 8-week peak at 1.1366 has once again resumed and consolidation with downside bias would be seen for stronger retracement towards 1.1100/10.
However, loss of momentum would keep price above 1.1070 today and yield rebound later.

On the upside, only above 1.1245 would indicate aforesaid correction has ended and turn outlook bullish for gain to 1.1313 before prospect of another retreat.

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

AceTraderFx Sept 1: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 01 Sep 2016 09:00 GMT

USD/JPY - 103.63
The greenback's rally to as high as 103.53 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.75/80.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

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

AceTraderFx Sept 2: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Sep 2016 04:03 GMT

EUR/USD - 1.1199
Despite the single currency's selloff to 1.1132 on Tuesday on dollar's broad-based weakness, then lower to 1.1123 Wednesday, subsequent strong rebound yesterday suggests decline from August's 8-week peak at 1.111366 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 1.1245 before prospect of retreat.

On the downside, only below 1.1166 (previous resistance) would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of said support.

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

AceTraderFx Sept 2: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 02 Sep 2016 09:07 GMT

USD/JPY - 103.60
The greenback's rally to as high as 103.53 Wednesday on dollar's broad-based strength, then Thursday's break of this level to 104.00 signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 104.20/30.
However, near term loss of momentum would keep price below 103.45 today ahead of U.S. jobs report and yield retreat.

On the downside, only below 102.39 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.75.

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

AceTraderFx Sept 5: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 05 Sep 2016 04:25 GMT

EUR/USD - 1.1160
Despite euro's brief jump to 1.1252 after release of downbeat U.S. jobs report, intra-day selloff to as low as 1.1150 in hectic New York morning session suggests correction from Wednesday's 3-week trough at 1.1123 has ended there and consolidation with downside bias remains for re-test of said temporary low later today or tomorrow.
However, 'loss of momentum' should keep price above 1.1085.

On the upside, expect 1.1192 to hold for this move and only above 1.1210/20 dampens bearish view on euro, however, 1.1252 should remain intact.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Sept 5: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 05 Sep 2016 10:08 GMT

USD/JPY - 103.40
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent retreat suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 103.13, then 102.80.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 102.39 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.

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

AceTraderFx Sept 6: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 06 Sep 2016 04:10 GMT

EUR/USD - 1.1146
Yesterday's anticipated break of last Friday's 1.1150 low to 1.1140 in holiday-thinned North American session signals euro's correction from last week's low at 1.1123 has ended at 1.1252 and recent decline from August's 1.1366 peak would pressure price to 1.1100/05 after consolidation.
However, loss of downward momentum is likely to limit weakness to 1.1085.

On the upside, only above Mondays 1.1182 high would 'prolong' choppy consolidation and may risk stronger gain to 1.1205/08 but res at 1.1252 is expected to remain intact.

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

AceTraderFx Sept 6: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 06 Sep 2016 09:25 GMT

USD/JPY - 103.34
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent retreat suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 103.13, then 102.80.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 102.39 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.

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