AceTraderForex Apr 22: Daily Market Outllook on Major -EUR/USD - Page 2
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  1. #11

    Smile AceTraderFx Dec 17: Daily Market Outlook on Major - EUR/USD

    DAILY MARKET OUTLOOK (EUR/USD)
    17 Dec 2014 04:37 GMT

    EUR/USD
    : The single currency rallied on Tuesday due to the release of as upbeat German and eurozone economic data.
    Price ratcheted higher from Australian low at 1.2434 to a fresh near 1-month peak at 1.2570 before retreating to 1.2478 in NY on renewed broad-based strength in dollar.
    Aforesaid upmove confirms erratic up move from last Monday's 27-month trough at 1.2247 to retrace medium-term downtrend has resumed and further gain to 1.2607 resistance is likely before prospect of a strong retreat later.

    On the downside, only a breach of 1.2415 support would confirm the corrective upmove has ended instead and yield weakness to 1.2370.
    Last edited by AceTraderForex; 01-10-2016 at 10:23 PM.

  2. #12

    Smile AceTraderFx Dec 24: Daily Recommendations on Major -EUR/USD

    Update Time: 24 Dec 2014 08:00 GMT

    DAILY OUTLOOK ON EUR/USD

    Yesterday's anticipated sell off to 1.2165 suggests MT downtrend from 1.3995 (May) remains in progress n further weakness to proj. target at 1.2146 is likely, however, 'loss of momentum' should limit downside to 1.2100 and yield a much-needed rebound later.

    Sell again on recovery with stop as indicated and only above 1.2272 (Monday's high) signals low is made.
    Last edited by AceTraderForex; 01-10-2016 at 10:26 PM.

  3. #13

    Smile AceTraderFx Jan 19: Daily Outlook on Major- EUR/USD

    DAILY MARKET OUTLOOK (EUR/USD)
    Update Time: 19 Jan 2015 02:31 GMT

    The single currency tumbled to a fresh 11-year low at 1.1460 on Friday on speculation that ECB's president Mario Draghi will announce a 550 billion-euro ($635 billion) bond-purchase program this week.
    However, short-covering in New York lifted the pair to 1.1589, suggesting further choppy consolidation would be seen.
    On the upside, as long as 1.1648 resistance remains intact, bearishness remains for a retreat to 1.1500/10 but said temporary low at 1.1460 should hold from here.

    Looking ahead, a breach of 1.1460 would extend weakness to 1.1400 and later 1.1350/57 before prospect of a much-needed correction later.
    Last edited by AceTraderForex; 01-10-2016 at 10:27 PM.

  4. #14

    Smile AceTraderFx Jan 20: Daily Recommendations on Major EUR/USD

    DAILY MARKET OUTLOOK
    Update Time: 20 Jan 2015 04:34 GMT

    EUR/USD -1.1590
    Despite yesterday's brief rise to 1.1639 on short-covering, renewed selling below previous res at 1.1649 capped euro's upside.
    The single currency fell again to 1.1573 in Asian morning on renewed speculation that ECB's president Mario Draghi will announce a 550 billion-euro ($635 billion) bond-purchase program on 22 Jan, suggesting consolidation with downside bias remains for weakness to 1.1540/50 and possibly towards, however, aforesaid low at 1.1460 should hold from here.

    On the upside, only a daily close above 1.1649 resistance would bring stronger correction of medium-term downtrend to 1.1700.
    Last edited by AceTraderForex; 01-10-2016 at 10:27 PM.

  5. #15

    Smile AceTraderFx Jan 23: Intra-Day Market Moving News and Views (EUR/USD)

    Intra-Day Market Moving News and Views
    23 Jan 2015
    03:46GMT

    EUR/USD - ..... With the major market event of ECB massive bond purchase announcement out of the way, the next focus is this Sun's Greek election.
    Bloomberg reported the ECB set limits on accessing its bond-buying program that will exclude Greece for at least 6 months, raising pressure on whichever party wins Jan. 25 elections to heed the demands of official creditors.

    The ECB decision locks Greece out of the QE program until policy questions raised by the vote have been resolved. Foremost among them is the strategy of Alexis Tsipras, whose Syriza party is leading PM Antonis Samaras's New Democracy in polls after he pledged to wring substantial concessions from the so-called troika of creditors.

    Also reported were 2 separate surveys by the Alco and Rass polling companies published Wed in Athens showed a lead of as much as 4.9 percentage points for anti-bailout Syriza party over the premier's New Democracy party.

    Greece's next gov't will have to decide on extending the international bailout program that expires at the end of Feb, with the country set to run out of cash by the end of Jun at the latest. While voters are attracted by a Syriza platform which includes opposing the terms attached to the aid, investors have been spooked by the implications of a potential Tsipras victory.

    The two polls by Rass n Alco gave Syriza 31.2% n 32% respectively, compared with 27% n 27.1% for New Democracy. That suggests that even if Tsipras wins, he won't have enough lawmakers for a majority in Greece's 300-seat chamber.


    Earlier the single currency nose-dived from 1.1651 to a fresh 11-year low at 1.1316 on Thursday after ECB President Mario Draghi told reporters in Frankfurt yesterday the central bank will buy 60 billion euros ($68 billion) a month of public and private debt until September 2016. Although short-covering bids above psychological level at 1.1300 provided brief support to euro, renewed selling at 1.1380 and more at 1.1400 shud cap euro's upside and yield another sell off later.
    On the downside, mixture of bids and stops were located at 1.1800.

    Market focus may shift to the upcoming election of Greece on Jan. 25 as ECB's president Mario Draghi said on Thursday that Greece will be ineligible for the ECB's 1.1 trillion-euro ($1.3 trillion) program until at least July because of limits on how much debt the central bank buys from a single issuer.

    The European Central Bank set limits on accessing its bond-buying program that will exclude Greece for at least six months, raising pressure on whichever party wins Jan. 25 elections to heed the demands of official creditors.

    According to a statement on the ECB's website, Greece must also complete a stalled review of its current bail out, as purchases from program countries will be suspended during such assessments.

  6. #16

    Smile AceTraderFx Jan 30: Daily Recommendations on Major (EUR/USD)

    Update Time: 30 Jan 2015 09:37 GMT
    DAILY OUTLOOK ON EUR/USD - 1.1310

    Although euro has staged a strong rebound from 1.1262 to 1.1368, as long as 1.1383 res holds, another leg of decline from Tuesday's high of 1.1423 to retrace corrective rise from Monday's 11-yr low at 1.1098 would take place and yield re-test of said sup, below, 1.1224.

    Sell on recovery with stop as indicated, break would signal pullback from 1.1423 is over, 1.1423.
    Last edited by AceTraderForex; 01-10-2016 at 10:28 PM.

  7. #17

    Smile AceTraderFx Feb 4: Daily Technical Outlook & Trading Ideals EUR/USD

    DAILY EUR/USD TECHNICAL OUTLOOK
    Last Update At 03 Feb 2015 23:53GMT

    Trend Daily Chart
    Down

    Daily Indicators
    Turning up

    21 HR EMA
    1.1422

    55 HR EMA
    1.1374

    Trend Hourly Chart
    Near term up


    Hourly Indicators
    Rising

    13 HR RSI
    70

    14 HR DMI
    +ve

    Daily Analysis
    Consolidation with upside bias

    Res
    1.1651 - Jan 22 high
    1.1587 - 100% proj. of 1.1098-1.1423 fm 1.1262
    1.1534 - Y'day's high

    Support
    1.1423 - Last Tue's high, now sup
    1.1368 - Last Thur's high, now sup
    1.1313 - Y'day's low

    . EUR/USD - 1.1467... Despite euro's sideways trading in Tue's Asia n European morning, hope for a breakthrough on recent standoff between the new Greek anti-bailout gov't n its international creditors lifted the euro n triggered a ferocious rally to 1.1534 once previous top at 1.1423 was penetrated.

    . Looking at the hourly n daily charts, euro's rally abv last week's top at 1.1423 (now sup) confirms the LT downtrend fm 1.6040 (2008 record high) has formed a temporary low at last Mon's 11-year trough at 1.1098 n correction to 1.1587 is envisaged after consolidation, this is 100% projection of 1.1098-1.1423 measured fm 1.1262, however, as hourly oscillators wud be o/bot territory on such a move, reckon price wud falter below 1.1676/1.1680, being 50% r of 1.2254-1.1098 n daily res n yield retreat later this week. On the downside, only a daily close below 1.1423 wud indicate a top is possibly made n shift risk to downside for weakness twd 1.13662/68 but sup at 1.1262 shud remain intact.

    . Today, intra-day retreat suggests initial consolidation is in store, however, as present price is abv both 21-he n 55-hr emas, buying euro on dips for further marginal gain to indicated upside target is favoured.
    Last edited by AceTraderForex; 01-10-2016 at 10:28 PM.

  8. #18

    Smile AceTraderFx Feb 26: Daily Market Outlook on Major - EUR/USD

    DAILY MARKET OUTLOOK
    Update Time: 26 Feb 2015 02:35 GMT

    EUR/USD - 1.1365
    The single currency rebounded fm Tuesday's low at 1.1289 to 1.1388 on Wednesday on short-covering, suggesting further choppy trading inside recent established broad range of 1.1543-1.1270 would be seen with neutral bias.
    Above 1.1400 may bring gain to 1.1450, however, resistance at 1.1499 should cap upside.

    On the downside, a breach of key daily support at 1.1270 would confirm the corrective rise from Jan's 11-year trough at 1.1098 has indeed ended at 1.1534 and yield retreat to 1.1224 and then 1.1200.
    Last edited by AceTraderForex; 01-10-2016 at 10:28 PM.

  9. #19

    Smile AceTraderFx Mar 10: Daily Market Outlook on Major -EUR/USD

    DAILY MARKET OUTLOOK
    Update Time: 10 Mar 2015 01:45 GMT

    EUR/USD - 1.0832
    Despite euro's brief rebound from Monday's fresh 11-1/2 year low at 1.0823 to 1.0907 in Europe on short-covering, as renewed selling pressured price again, suggesting recent downtrend would resume after minor consolidation, yield re-test of said support, below would extend weakness towards projected downside target at 1.0752 later.

    On the upside, only a breach of 1.0907 would signal temporary low is made and bring stronger rebound to 1.0929 and 1.0988.
    Last edited by AceTraderForex; 01-10-2016 at 10:30 PM.

  10. #20

    Smile AceTraderFx Mar 13: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK EUR/USD - 1.0615
    Update Time: 13 Mar 2015 00:56 GMT

    Despite euro's marginal weakness to a fresh 12-year trough at 1.0494 in Asia on Thursday, subsequent strong rebound to 1.0643 in European morning on active short-covering and then a brief jump to 1.0684 on release of weak U.S. retail sales signals mid-term downtrend has made a temporary low there and a long-overdue correction towards 1.0700 level is envisaged.

    On the downside, only a daily close below 1.0556 (previous resistance, now support) would indicate above mentioned recovery is over instead and yield re-test of 1.0494, break, 1.0430/40.
    Last edited by AceTraderForex; 01-10-2016 at 10:30 PM.

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