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#621
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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Spot Gold SPOT GOLD closed @ 11255 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 11385 holds and Daily Trend is Turning Down while 11450 holds, so expect the price to be Choppy with a Downside bias.
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#622
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Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
EURJPY EURJPY closed @ 12310 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the price is Above the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Corrective Down while 12360 holds and Daily Trend is Turning Up while 11970 holds, so expect the price to be Choppy and Downside may be
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#623
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Daily technical outlook
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. -- Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 - provided an intra-day reversal point again, limiting gains on last euro's attempt to climb higher. Support on the 1.3600 mark has held thus far but the recovery from 1.3600 is not convincing yet. Slipping below 1.3600 would bring the fib support levels of last week's range in focus -
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#624
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Forex Market Outlook on Majors
INTRA-DAY GBP/USD: 1.4997 Last Update At 09 Mar 2010 07:58 GMT Present anticipated selloff to 1.4977 suggests decline fm y'day's high of 1.5197 wud extend margi- nal weakness below there, however, o/sold condition shud limit downside to 1.4940 today n yield a much needed strg rebound later. Sell on recovery for fall to 1.4975 n if cable drops to 1.4960, buy for a rebound to 1.5010. Range Forecast 1.4965 / 1.5015 Resistance/Support R: 1.5028/1.5045/1.5087 S: 1.4977/1.4940/1.4903
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#625
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EUR/USD Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3586 Late Update At 09 Mar 2010 09:48 GMT Despite euro's brief recovery fm 1.3595 to 1.36 28 in Euroepan morning, current selloff signals decline fm y'day's high of 1.3705 has resumed n further weakness to 1.3570/75 n then twds 1.3551 is likely but 1.3530 sup wud hold fm here. Sell on pullback for weakness to 1.3565 n if euro drops to 1.3555 1st, buy for rebound to 1.3605 Range Forecast 1.3565 / 1.3605 Resistance/Support R:
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#626
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USD/JPY Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 89.93 Last Updat e At 09 Mar 2010 23:06 GMT Although dlr's rebound fm y'day's low at 89.63 (Europe) suggests pullback fm this week's top at 90.69 has possibly ended there, a firm rise abv 90. 15 (prev. sup) needed to add credence to this view n yield further gain to 90.30/33 later. Turn long on dips for this move n only below said sup wud risk one more fall twd 89.45/49. Range Forecast 89.75 / 90.05 Resistance/Support R:
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#627
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Forex Market Outlook on Majors
INTRA-DAY GBP/USD: 1.4966 Last Update At 10 Mar 2010 01:56 GMT Cable's intra-day retreat fm 1.5017 (AUS) sug- gests y'day's rebound fm 1.4936 low has possibly ended there n consolidation with downside bias is seen for weakness to 1.4950/55, below wud extend this week's decline fm 1.5197 to 1.4936, 1.4900/05. In view of this, exit previous long n turn 'cau- tious' seller on recovery. Abv 1.5017, 1.5031. Range Forecast 1.4955 / 1.4985 Resistance/Support R: 1.5017/1.5031/1.5087 S:
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#628
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EUR/USD Daily Outlook
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3595 Late Update At 10 Mar 2010 02:23 GMT Euro has retreated after y'day's rebound fm 1.35 37 to 1.3617 (NY), suggesting consolidation is like ly to continue with near term downside bias but rec;kon kon 1.3555/60 wud contain pullback n yield rebound, abv said res wud yield further gain twd 1.3642. Incline to trade on both sides of the mkt n sell recovery for 1.3570 or buy dips for 1.3610. Range Forecast 1.3580 / 1.3605
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#630
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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
USDCHF USDCHF closed @ 10750 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Tgt 2 and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is also Sideways while 10545 holds, so expect the price to be Choppy until the breakout happens. The
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