Trade Idea: EUR/GBP – Sell again at 0.8140
As the single currency has rebounded after holding above yesterday’s low at 0.8023, suggesting further consolidation within 0.8012-0.8163 range would be seen and risk of a stronger recovery to 0.8110-20 cannot be ruled out, however, price should falter well below the indicated upper range and bring another fall later. Only Read More
Trade Idea: USD/CAD – Stand aside
Failure to extend yesterday’s rebound and current break of indicated support at 1.0192 dampened our bullishness and suggest near term downside risk remain for the fall from 1.0446 temporary top to bring a deeper correction of the rise from 0.9800 to 1.0140-50 and possibly towards 1.0100 but previous resistance at Read More
Trade Idea: EUR/JPY – Buy at 99.00
Despite yesterday’s anticipated rebound to 100.85, as the single currency has retreated again after faltering below indicated resistance at 100.90 (last week’s high), retaining our view that further consolidation below this level would be seen and weakness to 99.09 cannot be ruled out but reckon support at 98.55 should hold, Read More
Trade Idea: AUD/USD – Buy at 1.0000
As aussie has continued to trade with a firm undertone after recent rally, adding credence to our view that the rebound from 0.9581 low is still in progress and near term bullishness remains for a stronger retracement of recent decline to 1.0190-00, however, overbought condition should limit upside to 1.0215-20 Read More
Trade Idea: EUR/GBP – Sell again at 0.8120
Despite Friday’s brief rise to 0.8153, the subsequent selloff after faltering below indicated resistance at 0.8163 (last week’s high) has retained our view that further consolidation would be seen and weakness to 0.8012 is likely, however, break of this support (last week’s low) is needed to retain bearishness and signal Read More
Trade Idea: USD/CAD – Hold long entered at 1.0230
Despite intra-day brief fall to 1.0192, as the greenback has found good support there and rebounded, retaining our bullishness and consolidation with mild upside bias remains for another bounce to 1.0327, however, break of indicated resistance at 1.0358 is needed to signal the pullback from 1.0446 has ended and bring Read More
