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Trade Idea Update: GBP/USD – Sell at 1.5470

admin — Tue, 24 Aug 2010 13:01:52 +0000

As cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another decline to 1.5350/55 (50% projection of 1.5999 to 1.5464 measuring from 1.5620)

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Trade Idea Update: USD/CHF – Sell at 1.0465

admin — Wed, 18 Aug 2010 13:07:05 +0000

Dollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300, then 1.0288 (1.618 times projection of 1.0630 to 1.0465 measuring from 1.0555).

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FX Forecast Update: Global Mid-cycle Slowdown to Support USD, JPY and CHF

admin — Wed, 18 Aug 2010 04:26:56 +0000

We look for EUR/USD to adjust lower in the short term as the dollar is too negatively priced. Europe is not such a rosy story as implied by current pricing. On the longer horizon, we see more dollar-negative factors and forecast EUR/USD to trade higher than the current spot on View full post on Long Term Forecasts

Trade Idea Update: USD/CHF – Buy at 1.0470

admin — Thu, 12 Aug 2010 11:42:01 +0000

As the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom), however, support at 1.0461 should attract fresh demand and bring rebound later.

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Trade Idea Update: USD/CHF – Hold long entered at 1.0627

admin — Tue, 13 Jul 2010 10:17:51 +0000

Failure to extend intra-day rebound and current retreat suggest caution on our long position and minor support at 1.0582 must hold to retain bullishness for another rise to 1.0676, break there would signal the rise from 1.0481 low has resumed for a stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous resistance) but reckon 1.0742-52 (61.8% Fibonacci retracement of 1.0903 to 1.0481 and previous resistance) would hold from here.

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Daily Forex Update: GBP/CHF

admin — Tue, 13 Jul 2010 10:15:26 +0000

The short-term intraday time frames for the GBP/CHF have started to transition to more sideways market cycles. This comes after a month-long sell-off on the daily time frame, which carried prices down to a double-bottom with lows at 1.5790 and, during Monday’s session, 1.5833. These lows have been established over View full post on Technical Analysis

Weekly Forex Update: USD/CHF

admin — Tue, 13 Jul 2010 09:41:09 +0000

The U.S. Dollar/Swiss Franc (USD/CHF) has been steadily trending lower, with the Swiss Franc gaining on a weakening U.S. dollar. After the July 8 low at 1.0480, prices rose steadily to current levels above the 1.0600 level. This is the first significant sign of Swiss Franc weakness against the Dollar View full post on Technical Analysis

Trade Idea Update: USD/CHF – Buy at 1.0615

admin — Mon, 12 Jul 2010 12:32:47 +0000

The greenback rallied after breaking resistance at 1.0594 and easily penetrated resistance at 1.0637, adding credence to our bullish view that low has been formed at 1.0481 last week and correction of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous resistance) is under way, above would extend towards 1.0742-52 (61.8% Fibonacci retracement of 1.0903 to 1.0481 and previous resistance).

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Trade Idea Update: USD/JPY – Buy at 87.70

admin — Sat, 10 Jul 2010 17:01:21 +0000

Dollar’s near term sideways trading below resistance at 88.77 is expected to continue and although retracement to 88.00 support cannot be ruled out, reckon renewed buying interest would emerge around 87.65/70 (approx. 61.8% Fibonacci retracement of 87.02 to 88.71) and bring another rally.

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Trade Idea Update: EUR/USD – Buy at 1.2555

admin — Sat, 10 Jul 2010 11:33:43 +0000

Euro’s retreat after intra-day marginal rise to 1.2723 suggests a minor top has been formed and consolidation below there would be seen with mild downside bias for retracement to 1.2600, however, renewed buying interest should emerge around previous support at 1.2553 and bring another upmove.

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