Posts Tagged “Wrapup”
Although euro has rebounded after finding support just above the Ichimoku cloud top, above resistance at 1.2663 is needed to signal upmove has resumed and extend gain to 1.2685-90 (approx. 50% projection of 1.2193 to 1.2613 measuring from 1.2479), however, loss of upward momentum should prevent sharp move beyond there and reckon 1.2739 (61.8% projection) [...]
As the British pound found renewed buying interest at 1.5082 and has rallied, suggesting a test of resistance at 1.5227-30 would be seen, however, break there is needed to confirm upmove has resumed and extend gain to 1.5260 (50% projection of 1.4873-1.5230 measuring from 1.5081) and possibly towards 1.5300/05 (61.8% projection) later. View full post [...]
As the single currency has risen again after brief pullback, suggesting recent upmove remains in progress and further gain to 1.2685-90 (approx. 50% projection of 1.2193 to 1.2613 measuring from 1.2479) would be seen, however, loss of near term upward momentum should prevent sharp move beyond there and reckon 1.2739 (61.8% projection) would hold on [...]
As the British pound has maintained a firm undertone, suggesting recent upmove remains in progress and further gain to 1.5260 (50% projection of 1.4873 to 1.5230 measuring from 1.5081) is under way, however, near term overbought condition should prevent sharp move beyond 1.5300/05 (61.8% projection) and risk from there has increased for a retreat later. [...]
Although dollar has retreated after meeting renewed selling at 1.0655, break of 1.0564 support is needed to signal decline has resumed and extend weakness to 1.0535 (50% projection of 1.0903-1.0579 measuring from 1.0697) and then 1.0495/00 (61.8% projection), however, reckon 1.0445 (1.236 times projection of 1.1547 to 1.0986 measuring from 1.1138) would hold from here [...]
Although euro’s near term sideways trading below minor top at 1.2613 (last Friday’s high) should continue and retracement to 1.2483 (previous support) is likely, renewed buying interest shall emerge around 1.2435/40 (38.2% Fibonacci retracement of 1.2151 to 1.2613), bring another rise later. View full post on Forex Trading Ideas
As the British pound has continued to move lower, adding credence to our view that top has been formed at 1.5230 last Friday and correction to the Ichimoku cloud bottom (now at 1.5044) would be seen, however, reckon 1.5005/10 (approx. 61.8% Fibonacci retracement of 1.4873 to 1.523) would attract renewed buying interest and bring another [...]
Dollar’s intra-day recovery from 1.0616 suggests further sideways trading would be seen and another corrective rebound to resistance at 1.0697 cannot be ruled out, break of the Ichimoku cloud top (now at 1.0707) would bring retracement to resistance at 1.0752 but renewed selling interest should emerge there and bring decline later. View full post on [...]
Although euro has maintained a firm undertone after breaking resistance at 1.2540 and upside bias remains for gain to 1.2600/10 and then 1.2655/60 (approx. 50% projection of 1.2193 to 1.2540 measuring from 1.2483), loss of near term upward momentum should prevent sharp move beyond latter level and reckon 1.2695-00 (61.8% projection) would hold on first [...]