Trade Idea: USD/CHF - Sell At 1.0255 Despite rebounding to 1.0386 last Friday, the greenback faltered below the Ichimoku cloud top and did fall sharply from there as suggested in our previous update, price tumbled after breaking support at 1.0237 to as low as 1.0132 this morning. This selloff signals recent rise from 0.9910 has ended at 1.0509 and at least a strong correction is under way to 1.0100, however, reckon 1.0050 would limit downside due to oversold condition. Full Report Here... Trade Idea: GBP/USD - Sell At 1.6230, O.C.O. Buy At 1.5915 Although cable rebounded to 1.6112 last Friday, cross-selling in sterling especially versus euro suggests further choppy consolidation within 1.5832-1.6242 range would take place, therefore, upside should be limited to indicated upper level and bring retreat later to the Kijun-Sen (now at 1.6026), however, support at 1.5896 should attract renewed buying interest and bring another bounce later. Full Report Here... Trade Idea: EUR/USD - Buy At 1.4415 Despite falling to 1.4264 last Friday, the single currency staged a strong rise from there and the breach of resistance at 1.4485 signal temporary low has indeed been formed at 1.4218 and correction of recent decline to 1.4600 is under way, above there would extend gain to 1.4680 (approx. 50% Fibonacci retracement of recent decline from 1.5142/45), however, reckon 1.4696 (1.618 times projection of 1.4218 to 1.4485 measuring from 1.4264) would limit upside and price should falter below 1.4750/60. Full Report Here... Trade Idea: USD/JPY - Hold Long Entered At 92.30 The greenback slipped again on dollar's broad-based weakness especially versus European currencies, suggesting caution on our long position entered at 92.30 and 91.65/70 must hold for prospect of another rebound to the Tenkan-Sen (now at 92.93), break there would signal the pullback from Friday's high at 93.78 has ended, then upmove from 84.82 low should resume for retest of this level, then towards 94.18 (50% projection of 87.36 to 93.22 measuring from 91.25) but reckon 94.87 (61.8% projection) would hold from here. Full Report Here... |
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9160; (P) 0.9206; (R1) 0.9292; More AUD/USD's rally from 0.8734 resumes today and surges to as high as 0.9316 so far. As noted before, medium term rise from 0.6008 is likely still in progress and current rise from 0.8734 should be targeting a retest of 0.9404 first. On the downside, below 0.9121 will argue that a short term top is formed and bring consolidations before another rise. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | USDCHF | 1.0167 | 1.0236 | -69 | -0.68% | | EURUSD | 1.4506 | 1.4409 | +97 | +0.67% | | AUDUSD | 0.9303 | 0.9245 | +58 | +0.62% | | GBPUSD | 1.6108 | 1.6021 | +87 | +0.54% | | NZDUSD | 0.7395 | 0.7363 | +32 | +0.43% | Last Updated: Jan 11, 07:30 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 11, 07:30 GMT |
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