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
Trade Idea: EUR/JPY – Target met and stand aside
Despite Friday’s retreat to 99.11, the single currency found renewed buying interests and staged the anticipated rise this morning to indicated upside target at 100.85 (our long position entered at 99.00 met target at 100.85 with 185 points profit). Having said that, as price has retreated again after faltering below Read More
Trade Idea: AUD/USD – Buy at 1.0000
Last week’s rise signals 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 (50% Fibonacci retracement of 1.0857-0.9581) and price should falter well below 1.0250-60, bring retreat later.
