Posts Tagged “Sell”
Intra-day cross-inspired decline signals a temporary top has been formed earlier at 1.5130 and consolidation with downside bias is seen for retracement of recent rise to 1.4961 (38.2% Fibonacci retracement of 1.4688 to 1.5130), below would extend weakness towards 1.4909 (50% Fibonacci retracement), however, reckon support at 1.4855 would hold from here and bring rebound [...]
Although the greenback resumed recent decline to a marginal low of 1.0789, lack of follow through selling suggests minor consolidation would be seen and retracement to the Ichimoku cloud bottom (now at 1.0863) cannot be ruled out, however, renewed selling interest should emerge around previous resistance at 1.0903 and the upper Kumo (now at 1.0926) [...]
Despite yesterday’s marginal fall to 1.0803, lack of follow through selling suggests consolidation would be seen and recovery to Kijun-Sen (now at 1.0852) is likely, above would bring retracement to yesterday’s high at 1.0903, however, renewed selling interest should emerge around the Ichimoku cloud top (now at 1.0933) and bring another decline. View full post [...]
Although dollar has retreated after intra-day brief bounce to 1.0903, break of minor support at 1.0829 is needed to signal recent decline has resumed and extend weakness to towards 1.0750 but reckon 1.0700 would hold from here, bring rebound later due to loss of near term downward momentum. View full post on Forex Trading Ideas
As the single currency has remained under pressure after breaking support at 1.2209, adding credent to our view that the decline from 1.2490 is still in progress and bearishness remains for further weakness towards 1.2111-17 (61.8% Fibonacci retracement of 1.1876 to 1.2490 and 100% projection of 1.2490 to 1.2209 measuring from 1.2398), however, near term [...]
As recent decline from 1.1730 top remains in progress, suggesting further weakness to 1.0791 (61.8% projection 1.1547 to 1.0986 measuring from 1.1138), however, near term oversold condition should prevent sharp fall below 1.0750 today and reckon 1.0700 would hold from here, bring rebound later. View full post on Forex Trading Ideas
As the greenback has recovered after intra-day fall to 89.25, suggesting minor consolidation would take place and above the Tenkan-Sen (now at 89.58) would bring retracement to the Kijun-Sen (now at 89.78), however, renewed selling interest should emerge around 90.20/30 and price should falter well below the Ichimoku cloud bottom (now at 90.46) , bring [...]
As euro’s retreat from 113.43 has kept price under pressure, suggesting early rebound from 108.06 has possibly ended there and bearishness remains for weakness to 108.90-109.00, however, break there is needed to signal downtrend has resumed for retest of recent low at 108.06. View full post on Forex Trading Ideas
Although the single currency has remained confined within narrow range and further consolidation above intra-day support at 1.2244 would be seen with mild upside bias for retracement to minor resistance at 1.2325-28, however, renewed selling interest should emerge around 1.2355 and bring another decline later. View full post on Forex Trading Ideas