Trade Idea: USD/CHF - Buy At 1.0725 As dollar's rebound from 1.0671 has finally broke above the Kijun-Sen, confirm the fall from 1.0885 has ended there and the Tenkan-Sen on 4 hour chart has just started turning north, further consolidation would be seen with upside bias for gain towards 1.0845/50 but it is necessary to see a break of 1.0885/91 resistance to retain this bullish view for headway towards 1.0935/40 strong resistance area later Full Report Here... Trade Idea: GBP/USD - Sell At 1.6465, O.C.O Buy At 1.6270 Current break of last week's low at 1.6391 support confirms the decline from1.7044 has resumed and further fall to 1.6340/44 (50% projection of 1.7044 to 1.6391 measuring from1.6670) is under way, however, near term oversold condition would limit downside to 1.6266 (previous support as well as 61.8% projection level) and bring a rebound later. Full Report Here... Trade Idea: EUR/USD - Exit Long Entered At 1.4175 Although the single currency recovered after falling to 1.4160 last Friday, as euro has fallen again this morning partly due to active cross-selling (in EUR/JPY), suggesting downside risk remains for a retest of 1.4086 support, however, only break there would indicate the decline from 1.4448 top has resumed and bring stronger retracement of recent upmove to 1.4050 and possibly towards chart support at 1.4007. Full Report Here... Trade Idea: USD/JPY - Buy At 94.05 As the greenback is still trading with a soft bias, suggesting the decline from 97.79 top is still in progress and weakness towards 94.01/04 (previous support and 61.8% Fibonacci retracement of 91.73-97.79) would be seen, however, near term oversold condition (hourly oscillators are showing low readings) should prevent sharp fall below there and reckon 93.50 would hold and bring a rebound later. Full Report Here... |
No comments:
Post a Comment