| Having trouble viewing this email? Click here |
 |  |
| Action Insight | Candlesticks Trades | Markets Summary | Action Bias | Top Movers | Daily Technicals |
| Calendar | Elliott Wave Trades | Markets Volatility | Pivot Points | Heat Map | Daily Fundamentals |
| Action Insight Market Overview | Markets Snapshot |
Mid-Day Report: Euro Lifted by Manufacutring PMI, Dollar Steadily in RangeEuro is noticeably stronger against other European majors today on solid manufacutring data. Manufacturing PMI beat market expectations and rose to 54.1 in October from 53.7 a month ago. The reading for Germany alone also improved to 56.1 from 55.1 in September. The market had anticipated a drop. The readings indicate strength in the manufacturing and upstage the bigger-than-expected slowdown in the services sector. Euro breaches 0.89 level against sterling and 1.35 against swissy. However, against dollar, the common currency is some what facing tough resistance from 1.4 psychological level in spite of a breach to 1.405. |
|
| Featured Technical Report | |
EUR/CHF Mid-Day OutlookDaily Pivots: (S1) 1.3345; (P) 1.3394; (R1) 1.3477; More EUR/CHF remains firm after hitting 1.3529 earlier today and intraday bias remains on the upside for further rally as long as 1.3390 minor support holds. 4 hours MACD suggests that the cross might be building up upside momentum again and a break of upper trend line resistance (now at 1.3558) will probably send EUR/CHF further towards 1.3923. Though, we'd still expect tough resistance below 1.4 psychological level to bring reversal. On the downside, below 1.3390 minor support will turn intraday bias neutral first. Further break of 1.3265 support will indicate that rebound from 1.2765 is finished and will flip bias back to the downside for this low. |
| Forex Brokers | ||||||
|
| Economic Indicators Update | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/JPY – Sell at 81.60As dollar has recovered after intra-day sharp retreat from 81.84 to 80.91, retaining our view that further consolidation above yesterday's low of 80.84 would take place and whilst retracement to 81.42-48 (current level of the Ichimoku cloud bottom and 61.8% Fibonacci retracement of 81.84 to 80.91) is likely, upside would be limited and resistance at 81.93 should remain intact, bring another decline later. Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||
No comments:
Post a Comment