| Trade Idea: GBP/USD - Buy at 1.6500
September 14, 2009 at 5:36 am
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| | Although cable has rebounded after intra-day retreat to 1.6522, above 1.6700 is needed to signal the pullback from 1.6742 has ended and bring resumption of recent upmove for retest of 1.6742, then towards 1.6790/00 but reckon 1.6859 (1.618 times projection of 1.6113 to 1.6445 measuring from 1.6322) would hold from... |
| Trade Idea: USD/CHF - Sell at 1.0475 O.C.O Buy at 1.0245
September 14, 2009 at 5:35 am
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| | As the greenback has fallen after meeting renewed selling right below the Kijun-Sen, suggesting medium term downtrend remains in progress and fall to 1.0300 is under way, however, oversold condition should limit downside to 1.0265/68 (1.236 times projection of 1.0885 to 1.0529 measuring from 1.0708) and reckon 1.0245 (50% projection... |
| Trade Idea: EUR/USD - Buy at 1.4500 O.C.O. Sell at 1.4740
September 14, 2009 at 4:44 am
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| | As euro has risen after finding renewed buying at 1.4515 (right at the Kijun-Sen), suggesting recent upmove remains in progress and gain to 1.4688 (50% projection of 1.2457-1.4339 measuring from 1.3747) is likely, however, upside should be limited to 1.4738/40 (approx. 50% projection of 1.4191 to 1.4636 measuring from 1.4515),... |
| Trade Idea: USD/JPY - Sell at 91.60
September 14, 2009 at 4:42 am
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| | Dollar's recovery after intra-day fall to 90.18 suggests further consolidation above there would take place and retracement towards 91.61 (previous support turned resistance) and bring another decline. Below said support would extend to psychological support at 90.00, then towards 89.44-50 (approx. 1.236 times projection of 95.07 to 91.94 measuring from... |
| GBP/USD Mid-Day Outlook
September 14, 2009 at 4:23 am
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| | As noted before, an intraday top is in place at 1.6740 and intraday bias remains neutral for the moment. On the downside, further break of 1.6454 will suggest that rebound from 1.6111 has completed and flip intraday bias back to the downside again for retreating 1.6111. On the upside, above... |
| USD/CHF Mid-Day Outlook
September 14, 2009 at 4:19 am
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| | USD/CHF continues to stay in tight range above 1.0339 today and intraday outlook remains neutral for the moment. Nevertheless, the pair still vulnerable to another fall as long as 1.0530 support turned resistance holds. Below 1.0339 will target 61.8% projection of 1.1740 to 1.0590 from 1.0883 at 1.0172 next. However,... |
| USD/JPY Mid-Day Outlook
September 14, 2009 at 4:16 am
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| | Intraday bias in USD/JPY remains on the downside with 91.22 minor resistance intact. Current decline from 97.77 is still expected to extend further to lower channel support at 89.81 next. On the upside, above 91.22 minor resistance will bring consolidations first. But upside is expected to be limited by 91.94/93.29... |
| USD/JPY Mid-Day Outlook
September 14, 2009 at 4:16 am
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| | Intraday bias in USD/JPY remains on the downside with 91.22 minor resistance intact. Current decline from 97.77 is still expected to extend further to lower channel support at 89.81 next. On the upside, above 91.22 minor resistance will bring consolidations first. But upside is expected to be limited by 91.94/93.29... |
| EUR/USD Mid-Day Outlook
September 14, 2009 at 4:06 am
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| | Consolidation in EUR/USD is possibly still in progress and intraday outlook remains neutral for the moment. On the upside, above 1.4633 will target key resistance level at 1.4687. However, we'd continue to expect strong resistance as EUR/USD approaches this level and bring reversal finally. On the downside, below 1.4515 will... |
| Mid-Day Report: Dollar Pressured again after Brief Recovery
September 14, 2009 at 4:04 am
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| | Dollar's recovery against Euro and Swissy was rather brief and is back pressing recent low in early US session as Gold is back above 1000 level after dipping to 994.4 earlier today. Commodity currencies fall broadly today on the back of weakness in global stocks. Investor sentiments are somewhat hurt... | | | 
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