AceTraderFx : Daily Recommendations on Majors

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

DAILY MARKET OUTLOOK on Major
Update Time: 05 May 2017 05:44 GMT

EUR/USD - 1.0979
Yesterday's anticipated break of last Wed's 5-month high at 1.0951 (now sup) confirms euro's Medium Term rise from January's near 14-year trough at 1.0341 has once again resumed and price is now en route towards 1.1028, overbought condition should prevent strong gain today.

On the downside, only a daily close below 1.0951 would be the 1st signal temporary top is made and risk stronger retracement towards 1.0876/80 but sup 1.0852 should remain intact.

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AceTraderFx May 05: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 May 2017 09:06 GMT

USD/JPY - 112.34
Despite the greenback's rise to a fresh near 7-week peak at 113.05 yesterday, subsequent retreat suggests up-move from April's 4-month trough at 108.13 has made a temporary top there and choppy trading with downside bias would be seen for weakness to 111.97, however, near term loss of downward momentum would prevent steep fall below there ahead of today's U.S. non-farm release and risk would increase of another rebound early next week.

On the upside, only above 113.05 would revive bullishness for gain towards 113.45/50 but over bought condition would keep price below 113.78 and yield correction.

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in analysis daily i am reading . u r telling buy above that and sell below that but what is SL ? and what is TP ? we need complete signals

Analyest786!

You are here requesting for SIGNALS?????????

What about your signals providing service after getting
Huge dollars from innocent people??? Did you close your shop??

You were claiming that your’s signal were 10000%( anybody can visit
His thread), where he claims 10000% success rate. Now he is here
Asking signals??????? What a joke of 2017.

Oh I got you, first you would get signals from here, and then you would sell
It to others on your thread(novice traders, those who trusted you).

Thanks to almighty ALLAH(GOD), who saved me from you.

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

DAILY MARKET OUTLOOK on Major
Update Time: 08 May 2017 05:08 GMT

EUR/USD - 1.0976
Despite initial gain to a near 6-month peak of 1.1024 in early New Zealand trading following expected election win by France's Macron, intra-day strong retreat to 1.0958 at Asian open suggests temporary top has been made and choppy trading is in store, as long as last Friday's post-NFP low at 1.0949/50 holds, upside bias remains for another bounce but above 1.1024 needed to head to 1.1040/50.

A daily close below 1.0949 would risk stronger correction of recent uptrend to 1.0900 but reckon sup at 1.0876 would contain weakness.

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AceTraderFx May 08: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 08 May 2017 09:20 GMT

USD/JPY - 112.62
Despite the greenback's rise to a fresh near 7-week peak at 113.05 yesterday, subsequent retreat suggests upmove from April's 4-month trough at 108.13 has made a temporary top there and choppy trading with downside bias would be seen for weakness to 111.97.
However, near term loss of downward momentum would prevent steep fall below there and risk would increase of another rebound early next week.

On the upside, only above 113.05 would revive bullishness for gain towards 113.45/50 but over bought condition would keep price below 113.78 and yield correction.

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AceTraderFx May 09: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 09 May 2017 05:10 GMT

EUR/USD - 1.0930
Although euro's decline from a near 6-month peak of 1.1024 to as low as 1.0917 (New York) suggests recent uptrend has made a temporary top and several days of choppy consolidation is in store, near term oversold condition should keep price well above 1.0876 sup and bring rebound later today, however, reckon 1.1000 should cap upside.

On the downside, only below 1.0876 risk stronger retracement towards next sup at 1.0852 before prospect of a rebound.

Data to be released today:
Swiss unemployment rate, Germany industrial output, exports, imports, trade balance, France budget balance, Italy retail sales.
Canada building permits, U.S. Redbook retail sales, wholesale sales and wholesale inventories.

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AceTraderFx May 09: Daily Recommendations on Major -USD/JPY

Attached Image

DAILY MARKET OUTLOOK on Major
Update Time: 09 May 2017 09:10 GMT

USD/JPY - 113.65
The greenback's rise above yesterday's fresh 7-week peak at 113.10 on active cross-selling of yen signals erratic upmove from April's 5-month trough at 108.13 remains in progress and further gain towards 113.80/90 would be seen after consolidation.
However, loss of momentum would prevent strong move beyond there and reckon 114.26 would limit upside and bring a much-needed correction later this week.

On the downside, only a daily close below 112.40 would indicate a temporary top has been made and yield stronger retracement of aforesaid rise to 112.09/10, then 111.70/80 before prospect of a recovery.

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AceTraderFx May 09: Daily Recommendations on Major -EUR/USD

Attached Image

DAILY MARKET OUTLOOK on Major
Update Time: 10 May 2017 05:45 GMT

EUR/USD - 1.0894
Despite extending corrective fall from Monday's fresh near 6-month peak of 1.1024 (New Zealand) to 1.0864 in New York yesterday, as renewed buying above daily sup at 1.0852 has lifted price, consolidation with upside bias is in store, above 1.0931/34 would signal pullback is over and yield subsequent headway to 1.0958 but 1.0996/00 should hold.

Only a daily below 1.0852 sup aborts recent bullishness on euro and risks stronger retracement to 1.0821, then towards 1.0778 next week.

Data to be released on Wednesday:
UK house price, Australia consumer confidence, China PPI, CPI, Japan leading economic indicator, France industrial output, exports, imports, trade balance, current account, Italy industrial output.
U.S. mortgage applications, import price index and export price index.

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AceTraderFx May 10: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 10 May 2017 09:20 GMT

USD/JPY - 113.90
The greenback's rise above Monday's fresh 7-week peak at 113.10 to 114.32 yesterday on active cross-selling of yen signals erratic upmove from April's 5-month trough at 108.13 remains in progress and marginal gain from here would be seen after consolidation.
However, loss of momentum would prevent strong move beyond there and reckon 114.60/70 would limit upside and bring a much-needed correction later this week.

On the downside, only a daily close below 112.40 would indicate a temporary top has been made and yield stronger retracement of aforesaid rise to 112.09/10, then 111.70/80 before prospect of a recovery.

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AceTraderFx May 11: Daily Recommendations on Major -EUR/USD

Attached Image

DAILY MARKET OUTLOOK on Major
Update Time: 11 May 2017 05:33 GMT

EUR/USD - 1.0873
Despite yesterday's resumption of decline from Mon's 6-month peak at 1.1024 to 1.0854, as renewed buying above indicated daily chart sup at 1.0852 has lifted price, consolidation with upside bias is retained, above 1.0899 would be the 1st signal aforesaid fall has made a low and yield subsequent gain towards 1.0958.

Only a daily close below 1.0852 would risk stronger retracement of euro's medium-term upmove to 1.0821, however, loss of downward momentum should keep price above 1.0800.

Data to be released on Thursday:
Swiss CPI, UK construction output, industrial output, manufacturing output, trade balance, BoE rate decision, MPC minutes and BoE Inflation Report, U.S. jobless claims and PPI.

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AceTraderFx May 11: Daily Recommendations on Major -USD/JPY

Attached Image

DAILY MARKET OUTLOOK on Major
Update Time: 11 May 2017 09:04 GMT

USD/JPY - 114.19
The greenback's rise above Monday's fresh 7-week peak at 113.10 to 114.32 Tuesday, then intra-day break of this level on active cross-selling of yen signals erratic upmove from April's 5-month trough at 108.13 remains in progress and marginal gain from here would be seen after consolidation.
However, loss of momentum would prevent strong move beyond there and reckon 114.60/70 would limit upside and bring a much-needed correction later this week.

On the downside, only a daily close below 112.40 would indicate a temporary top has been made and yield stronger retracement of aforesaid rise to 112.09/10, then 111.70/80 before prospect of a recovery.

Data to be released on Thursday:
Swiss CPI, UK construction output, industrial output, manufacturing output, trade balance, BoE rate decision, MPC minutes and BoE Inflation Report, U.S. jobless claims and PPI.

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AceTraderFx May 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 12 May 2017 05:00 GMT

EUR/USD - 1.0865
Although euro's recovery from yesterday's 2-week trough of 1.0840 suggests decline from Monday's 6-month peak at 1.1024 has made a temporary low and consolidation is in store ahead of release of key U.S. eco. data later today, as long as 1.0931/34 res holds, marginal weakness towards key sup at 1.0821 is likely, loss of downward momentum should keep price above 1.0800/05.

On above 1.0934 signals said correction from 1.1024 has ended and would stronger gain to 1.0958/63.

Data to be released on Friday:
Germany CPI, HICP, GDP, Japan machine tool orders, EU industrial production.
U.S. retail sales, CPI, business inventories and consumer sentiment.

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AceTraderFx May 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 May 2017 09:22 GMT

USD/JPY - 113.68
The greenback's rise above Monday's fresh 7-week peak at 113.10 to 114.32 Tuesday, then 114.37 yesterday on active cross-selling of yen signals erratic upmove from April's 5-month trough at 108.13 remains in progress and marginal gain from here would be seen after consolidation.
However, loss of momentum would prevent strong move beyond there and reckon 114.60/70 would limit upside and bring a much-needed correction later this week.

On the downside, only a daily close below 112.40 would indicate a temporary top has been made and yield stronger retracement of aforesaid rise to 112.09/10, then 111.70/80 before prospect of a recovery.

Data to be released on Friday:
Germany CPI, HICP, GDP, Japan machine tool orders, EU industrial production.
U.S. retail sales, CPI, business inventories and consumer sentiment.

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AceTraderFx May 15: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 15 May 2017 04:11 GMT

EUR/USD - 1.0926
Euro's intra-day rally and then break of 1.0893/99 res (now sup) to 1.0934 in New York last Fri after soft U.S. eco. data suggests correction from last Mon's 6-month peak at 1.1024 has ended earlier at 1.0840 (Thursday) and consolidation with upside bias is in store.
However, near term overbought condition would limit gain to 1.0970/75 and yield subsequent retreat.

On the downside, only a daily close below 1.0893 dampens present bullish scenario and may risk weakness to 1.0871/76.

Data to be released today:
Japan CGPI, China retail sales, industrial output, Swiss PPI, Italy CPI, HICP and U.S. NAHB housing index.

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AceTraderFx May 15: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 15 May 2017 09:05 GMT

USD/JPY - 113.67
Despite the greenback's gap-down open and fall to 113.13 in New Zealand on risk aversion due to missile test by North Korea on Sunday, subsequent rebound suggests the pullback from last Wednesday's 8-week peak at 114.37 has possibly ended there and choppy trading with upside bias would be seen for gain to 113.92, above would confirm this view and yield re-test of 114.37 later this week.

On the downside, only below 113.13 would abort bullishness and risk stronger retracement of recent rise towards 113.05, then 112.62 before prospect of a rebound.

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AceTraderFx May 16: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 16 May 2017 05:06 GMT

EUR/USD - 1.0985
Yesterday's impressive gain to 1.0990 due to broad-based buying in the euro signals early correction from last Monday's 6-month peak at 1.1024 has ended at 1.0840 (Thursday) and price is poised to re-test said temporary top after consolidation, break would encourage for resumption of MT uptrend towards projected target at 1.1067 later this week.

On the downside, only a daily close below 1.0934 (previous res, now sup) would 'prolong' broad sideways consolidation and risk stronger retracement to 1.0900.

Data to be released on Tuesday:
Italy GDP, UK CPI, RPI, PPI input, PPI output, EU GDP, ZEW economic sentiment, Germany ZEW economic sentiment, current conditions.
U.S. building permits, housing starts, redbook retail sales, industrial output, capacity utilisation and manufacturing output.

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AceTraderFx May 16: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 16 May 2017 09:17 GMT

USD/JPY - 113.49
Despite the greenback's gap-down open and fall to 113.13 in New Zealand yesterday on risk aversion due to missile test by North Korea on Sunday, subsequent rebound suggests the pullback from last Wednesday's 8-week peak at 114.37 has possibly ended there and choppy trading with upside bias would be seen for gain to 113.92, above would confirm this view and yield re-test of 114.37 later this week.

On the downside, only below 113.13 would abort bullishness and risk stronger retracement of recent rise towards 113.05, then 112.62 before prospect of a rebound.

Data to be released on Tuesday:
Italy GDP, UK CPI, RPI, PPI input, PPI output, EU GDP, ZEW economic sentiment, Germany ZEW economic sentiment, current conditions.
U.S. building permits, housing starts, redbook retail sales, industrial output, capacity utilisation and manufacturing output.

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AceTraderFx May 17: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 17 May 2017 04:26 GMT

EUR/USD - 1.1095
Yesterday's rally to a fresh 6-month peak of 1.1097 due to broad-based weakness in the greenback caused by continued turmoil at the White House suggests medium-term uptrend would head towards 1.1143 after consolidation before prospect of a minor correction due to overbought conditions.

On the downside, only below 1.1024 (previous res, now sup) confirms temporary top is made and may risk stronger retracement to 1.0980/90.

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AceTraderFx May 17: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 17 May 2017 09:26 GMT

USD/JPY - 112.50
The greenback's selloff yesterday and subsequent break of Monday's low at 113.13 signals decline from last Wednesday's 8-week peak at 114.37 remains in progress and consolidation with downside bias remains for weakness towards 112.09/10.
However, near term loss of momentum would prevent sharp move beyond there and risk would increase of a much-needed rebound later.

On the upside, only above 113.13 would indicate the first leg of correction has ended and turn outlook bullish for gain to 113.40/50 but resistance at 113.85 should remain intact, bring retreat.

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