Wrapup Archive

  • Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Failure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.2977-80 must hold for prospect of another bounce to 1.3055/60, then towards yesterday’s high at 1.3107, however, break there is needed to signal recent upmove has resumed...

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  • Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Dollar’s intra-day rally and the breach of indicated resistance at 1.0561 suggest low has been formed at 1.0394 and consolidation with upside bias is seen for retracement of recent decline towards 1.0618, however, above there is needed to retain bullishness and signal a stronger correction...

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  • Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Dollar’s retreat after intra-day rally to 1.0676 suggests caution on our long and 1.0594 (previous resistance turned support) must hold to retain bullishness for another rise, above said resistance would bring stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481...

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  • Trade Idea Wrap-up: USD/JPY – Buy at 87.70

    Trade Idea Wrap-up: USD/JPY – Buy at 87.70

    Despite intra-day rise to 88.71, the subsequent retreat after failing to test previous resistance at 88.77 suggests further consolidation below this resistance would take place and mild downside bias is seen for retracement to 88.00 support, however, reckon renewed buying interest would emerge around 87.65/70...

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  • Trade Idea Wrap-up: EUR/USD – Buy at 1.2505

    Trade Idea Wrap-up: EUR/USD – Buy at 1.2505

    Despite intra-day marginal rise to 1.2723, the subsequent sharp retreat signals a temporary top has been formed and retracement to 1.2553 support cannot be ruled out, however, renewed buying interest should emerge around 1.2500/05 (38.2% Fibonacci retracement of 1.2151 to 1.2723) and bring another upmove...

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  • Trade Idea Wrap-up: EUR/USD – Buy at 1.2555

    Trade Idea Wrap-up: EUR/USD – Buy at 1.2555

    As the single currency has maintained a firm undertone partly due to cross-buying against Japanese yen, suggesting recent upmove remains in progress and gain towards 1.2739 (61.8% projection 1.2193-1.2613 measuring from 1.2479) is likely, however, loss of upward momentum should prevent sharp move beyond there...

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  • Trade Idea Wrap-up: GBP/USD – Buy at 1.5085

    Trade Idea Wrap-up: GBP/USD – Buy at 1.5085

    Despite intra-day brief rise to 1.5241, the subsequent retreat from there suggests a temporary top has been formed and consolidation with mild downside bias remains for retracement to 1.5100 (38.2% Fibonacci retracement of 1.4873 to 1.5241), however, reckon support at 1.5081/82 would hold and bring...

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  • Trade Idea Wrap-up: USD/CHF – Sell at 1.0615

    Trade Idea Wrap-up: USD/CHF – Sell at 1.0615

    Despite intra-day retreat from 1.0564, as long as support at 1.0481 holds, further consolidation would be seen and another corrective rise to said resistance cannot be ruled out, above there would bring retracement of recent decline to the Ichimoku cloud area (now at 1.0608-18) but...

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  • Trade Idea Wrap-up: USD/JPY – Sell at 87.60

    Trade Idea Wrap-up: USD/JPY – Sell at 87.60

    Despite recovering after intra-day fall to 87.02, early breach of indicated support at 87.33 signals correction from 86.96 has ended at 88.22 and bearishness remains for a retest of this level, however, break there is needed to confirm decline has resumed and extend weakness towards...

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