- Trade Idea Wrap-up: USD/CHF – Buy at 0.93802012/05/18
Despite intra-day resumption of recent upmove to indicated projection target at 0.9500 (1.236 times projection of 0.8931-0.9335 measuring from 0.9002), as dollar has retreated from there, suggesting consolidation would be seen and retracement to minor support at 0.9421, then the lower Kumo (now at 0.9410) is likely but 0.9372-79 (previous
- Trade Idea Wrap-up: GBP/USD – Sell at 1.59302012/05/18
Despite intra-day brief fall to 1.5732 on massive risk aversion, current rebound suggests a minor low is formed and consolidation with mild upside bias is seen for retracement to the Ichimoku cloud bottom (now at 1.5865), however, upside should be limited to previous support at 1.5889 and renewed selling interests
- Trade Idea Wrap-up: EUR/USD – Sell at 1.28102012/05/18
Despite intra-day resumption of decline to 1.2642, lack of follow through selling and current rebound suggest minor low is possibly formed and retracement to previous resistance at 1.2759 cannot be ruled out, however, upside should be limited to the upper Kumo (now at 1.2765) and renewed selling interests should emerge
- Trade Idea Wrap-up: USD/JPY – Stand aside2012/05/18
Yesterday’s selloff together with the breach of previous support at 79.43 suggests early decline has resumed and near term downside risk remains for further weakness towards 79.00, however, loss of near term downward momentum should prevent sharp fall below 78.70/75 and reckon 78.50 would hold from here, risk from there
- Trade Idea Update: USD/CHF – Buy at 0.93802012/05/18
Despite intra-day resumption of recent upmove to indicated projection target at 0.9500 (1.236 times projection of 0.8931-0.9335 measuring from 0.9002), as dollar has retreated from there, suggesting consolidation would be seen and retracement to minor support at 0.9430, then the lower Kumo (now at 0.9402) is likely but previous resistance
- Trade Idea Update: GBP/USD – Stand aside2012/05/18
Despite intra-day brief fall to 1.5732 on massive risk aversion, current rebound suggests a minor low is formed and consolidation with mild upside bias is seen for retracement to 1.5833 (yesterday’s high), however, upside should be limited to previous support at 1.5889 and renewed selling interests should emerge below the
- Trade Idea Update: EUR/USD – Sell at 1.27752012/05/18
Despite intra-day resumption of decline to 1.2642, lack of follow through selling and current rebound suggest minor low is possibly formed and retracement to previous resistance at 1.2759 cannot be ruled out, however, upside should be limited to the upper Kumo (now at 1.2775) and bring another decline. Below said
- Trade Idea Update: USD/JPY – Stand aside2012/05/18
Yesterday’s selloff together with the breach of previous support at 79.43 suggests early decline has resumed and near term downside risk remains for further weakness towards 79.00, however, loss of near term downward momentum should prevent sharp fall below 78.70/75 and reckon 78.50 would hold from here, risk from there
- Trade Idea Update: USD/CHF – Buy at 0.93802012/05/18
Despite intra-day resumption of recent upmove to indicated projection target at 0.9500 (1.236 times projection of 0.8931-0.9335 measuring from 0.9002), as dollar has retreated from there, suggesting consolidation would be seen and retracement to the Ichimoku cloud top (now at 0.9438), then the lower Kumo (now at 0.9402) but previous
- Trade Idea Update: GBP/USD – Stand aside2012/05/18
Despite intra-day brief fall to 1.5732 on massive risk aversion, current rebound suggests a minor low is formed and consolidation with mild upside bias is seen for retracement to 1.5833 (yesterday’s high), however, upside should be limited to previous support at 1.5889 and renewed selling interests should emerge below the
- Trade Idea Update: USD/JPY – Stand aside2012/05/18
Yesterday’s selloff together with the breach of previous support at 79.43 suggests early decline has resumed and near term downside risk remains for further weakness towards 79.00, however, loss of near term downward momentum should prevent sharp fall below 78.70/75 and reckon 78.50 would hold from here, risk from there
- Trade Idea Update: EUR/USD – Sell at 1.27602012/05/18
Despite intra-day resumption of decline to 1.2642, lack of follow through selling and current rebound suggest minor low is possibly formed and retracement to the Ichimoku cloud bottom (now at 1.2726) cannot be ruled out, however, upside should be limited to previous resistance at 1.2759) and price should falter well
- Trade Idea: USD/CHF – Buy at 0.93802012/05/18
Despite intra-day resumption of recent upmove, loss of near term upward momentum should prevent sharp move beyond 0.9500-05 (1.236 times projection of 0.8931-0.9335 measuring from 0.9002) and upside should be limited to 0.9540-50, price should falter well below previous resistance at 0.9595 and risk from there is seen for a
- Trade Idea: GBP/USD – Stand aside2012/05/18
As the British pound has fallen again after brief recovery on massive risk aversion, suggesting recent decline from 1.6304 top is still in progress and below intra-day support at 1.5732 would extend weakness towards 1.5700, however, loss of near term momentum should prevent sharp fall below 1.5670-75 and reckon 1.5634
- Trade Idea: EUR/USD – Sell at 1.27602012/05/18
Although euro has resumed recent decline after meeting renewed selling interests just below the Ichimoku cloud bottom and weakness to 1.2640 is likely, loss of near term downward momentum should prevent sharp fall below previous chart support at 1.2624 and risk from there has increased for a corrective rebound later.
- Trade Idea: USD/JPY – Stand aside2012/05/18
Yesterday’s selloff together with the breach of previous support at 79.43 suggests early decline has resumed and near term downside risk remains for further weakness towards 79.00, however, loss of near term downward momentum should prevent sharp fall below 78.70/75 and reckon 78.50 would hold from here, risk from there
- Trade Idea Wrap-up: USD/CHF – Buy at 0.93802012/05/17
Despite intra-day marginal rise to 0.9481, lack of follow through buying on the break of previous resistance at 0.9471 and current retreat suggest consolidation would be seen and pullback to the Ichimoku cloud top (now at 0.9426), then 0.9415 (intra-day support) cannot be ruled out, however, previous resistance at 0.9372
- Trade Idea Wrap-up: GBP/USD – Hold long entered at 1.58102012/05/17
Although intra-day selloff suggests recent decline from 1.6304 top is still in progress, near term loss of momentum should limit downside and expect 1.5790 (2.618 times projection of 1.6182 to 1.6051 measuring from 1.6124) to hold, bring rebound later, above the Tenkan-Sen (now at 1.5859) would bring test of the
- Trade Idea Wrap-up: EUR/USD – Sell at 1.28102012/05/17
Despite intra-day marginal fall to 1.2667, lack of follow through selling on break of previous support at 1.2682 and current rebound suggest consolidation would be seen and test of 1.2743-49 (current level of the Ichimoku cloud bottom and intra-day high), then towards the upper Kumo (now at 1.2779) but renewed
- Trade Idea Wrap-up: USD/JPY – Stand aside2012/05/17
Dollar’s intra-day selloff in part due to the release of much weaker-than-expected U.S. data has dampened our bullishness and current breach of support at 79.68 suggests the rebound from 79.43 has ended and weakness to this level cannot be ruled out, however, break there is needed to turn outlook bearish