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Last Update: Fri Jun 19 16:47:23 2009 | | + EUR/GBP Elliott Wave Analysis +
The single currency fell to as low as 0.8421 this week, suggesting the corrective decline from 0.9805 top, which is developed into [...] under way and may extend marginally below 0.8400, however, we are still retaining the view that downside will be limited somewhat... |
| + AUD/USD Elliott Wave Analysis +
Aussie did continue to gyrate inside the range of 0.7827-0.8265 in a volatile manner this week and further choppy trading is still ... |
| + Trade Idea: EUR/USD - Sell at 1.4025 (Update) +
The single currency traded in relatively narrow range after early choppy movements and as Kijun-Sen is still containing the downside [...] to 1.4025/30 cannot be ruled out, however, euro's upside is likely to be limited to the Ichimoku cloud area and the flat ground... |
| + Trade Idea: USD/JPY - Sell at 97.00 +
Dollar continued to move higher today as we expected in our previous update, however, we were unable to re-enter long as the pullback [...] Ichimoku cloud bottom but then retreated from 97.17, leaving a shooting star on the 4 hour chart, suggesting consolidation below... |
| + EUR/USD Mid-Day Outlook +
Another rise in EUR/USD cannot be ruled out with 1.3830 minor support intact. But after all, we're favoring bearish case that EUR/USD [...] holds. Below 1.3830 minor support will flip intraday bias back to the downside first. Sustained break of 1.3793 cluster support... |
| + GBP/USD Mid-Day Outlook +
Intraday outlook in GBP/USD remains neutral for the moment as it's still bounded in choppy sideway trading in range of 1.6185 and [...] likely consolidation to the rise from 1.5801 only and favors upside breakout. Above 1.6617 will indicate recent rally has resumed... |
| + USD/CHF Mid-Day Outlook +
As mentioned before, the corrective three wave structure of the fall from 1.0954 is supportive to the view that rise from 1.0590 is [...] we're slightly favoring the case that a short term bottom is at least formed there. Above 1.0923 minor resistance will suggest... |
| + USD/JPY Mid-Day Outlook +
Intraday bias in USD/JPY remains on the upside as long as 96.26 minor support holds. As discussed before, fall from 98.87, which is [...] consolidation that started at 99.67, has possibly completed at 95.51 already. Further rally is in favor to 98.87 resistance... |
| + AUD/USD Mid-Day Outlook +
AUD/USD's break of 0.8067 minor resistance suggests that fall from 0.8236 has completed and the development so far suggests that price [...] Intraday bias is flipped back to the upside for retesting 0.8236/8262 resistance zone first. Further break of 0.9236 resistance... |
| + GBP/JPY Daily Outlook +
GBP/JPY's fall from 162.56 was contained at 154.94 and rebounded strongly. Break of 158.07 resistance indicates that such decline has [...] 154.85 support intact, there is no confirmation of reversal and recent rally is possibly still in progress. Further rise should... |
| + EUR/JPY Daily Outlook +
EUR/JPY's recovery from 132.34 is still in progress. But after all another fall is still in favor as long as 135.36 minor resistance ... |
| + EUR/GBP Daily Outlook +
EUR/GBP's break of 0.8490 minor support indicates that rebound from 0.8421 should have completed at 0.8603 already. Intraday bias is [...] should still be in progress. Below 0.8421 will target 100% projection of 0.9799 to 0.8635 from 0.9494 at 0.8330. But we'd continue... |
| + EUR/CHF Daily Outlook +
EUR/CHF rebounded strongly after retesting 1.5007 and break of 1.5131 minor resistance indicates that fall from 1.5234 has possibly [...] staying in range of 1.5007 and 1.5234, outlook remains neutral for the moment. On the upside, break of 1.5234 will be taken as... |
| + AUD/USD Daily Outlook +
Intraday outlook remains neutral in AUD/USD as it's still bounded in tight range of 0.7826 and 0.8067. Nevertheless, we're still [...] top is formed and hence, favoring another fall. Firm break of 0.7826 will confirm that rise from 0.6988 has completed at 0.8262... |
| + USD/CAD Daily Outlook +
USD/CAD continues to engage in sideway trading and with an intraday top in place at 1.1447, intraday outlook remains neutral at this [...] case that a short term bottom is at least formed at 1.0784. Break of 1.1447 will bring rally resumption to 1.1475/1.1814 resistance... |
| + EUR/USD Daily Outlook +
No change in EUR/USD's outlook. Another rise cannot be ruled out with 1.3830 minor support intact. But after all, But still, we're [...] out as long as 1.4171 resistance holds. Below 1.3830 minor support will flip intraday bias back to the downside first. Sustained... |
| + GBP/USD Daily Outlook +
Intraday outlook in GBP/USD remains neutral for the moment as it's still bounded in choppy sideway trading in range of 1.6185 and [...] likely consolidation to the rise from 1.5801 only and favors upside breakout. Above 1.6617 will indicate recent rally has resumed... |
| + USD/CHF Daily Outlook +
USD/CHF recovers strongly after pull back from 1.0954 was contained at 1.0760. The corrective three wave structure of such fall is [...] 1.05909 is still in progress. As mentioned before, we're slightly favoring the case that a short term bottom is at least formed... |
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