日本語
Español
中文
- New York 16:45
- London 21:45
- Barcelona 22:45
- Tokyo 06:45
- Sydney 08:45
0
0
FX Thoughts for the Day
Wed, Aug 6 2008, 11:42 GMT
by Kshitij Consultancy Service Team
EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.EURO, JAP YEN and EURO-YEN
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
---------------------
USD-CHF @ 1.0533/38.... Within a tight range again.
---------------------------------------------
R: 1.0550-60 / 1.0600 / 1.0650
S: 1.0500 / 1.0470 / 1.0450-30 / 1.0400
The pair continues to trade within a 50 pips range once again after testing the Support at 1.0500. For now, the pair could continue the tight trading range within 1.0500-1.0550 with an upward bias. A break above is expected eventually, which could lead to a test of stronger Resistance at 1.0650.
A slip below 1.050, which does not seem likely in the day, could see some buying developing near 1.0465. We had warned about the possibility of the tight trading range earlier in the day.
GBP-USD @ 1.9525/30... Could rise towards 1.9650
-----------------------------------------------
R: 1.9565 / 1.9600 / 1.9650-75 / 1.9700-20
S: 1.9520 / 1.9500 / 1.9435-00
Cable has an important Support in the 1.9520-9500 region which is expected to hold over the week and produce a bounce towards 1.9650.
For the day, as long as the Support holds there is a high chance of a bounce beyond 1.96. However, not forgetting the fact that a rise earlier in the day faced a strong Resistance on a rise towards 1.96.
Holding:
Long 10K GBP at 1.9554, SL 1.9510, TP 1.9570
AUD-USD @ 0.9151/55... Could dip further
------------------------------------------
R: 0.9200 / 0.9235 / 0.9275 / 0.9300
S: 0.9150 / 0.9100 / 0.9000
In line with our expectation, a rise in the pair was seen. However, the rise was restricted to 0.9205, the 200-day SMA, while we would have preffered to sell at 0.9225. In the day another rise might not be seen and a slide could continue from here towards 0.90.
For now a rise from here is expected to face strong Resistance at 0.92. The trend is downward and expected to continue in the week.
Holding:
Short 10K AUD at 0.9155, SL 0.9240, TP 0.9070
Happy Trading!
Published on Wed, Aug 6 2008, 11:46 GMT
Archive
- FX Thoughts for the Day
Published On Fri, Nov 6 2009, 12:02 GMT - FX Thoughts for the Day
Published On Thu, Nov 5 2009, 11:44 GMT - FX Thoughts for the Day
Published On Wed, Nov 4 2009, 11:49 GMT - FX Thoughts for the Day
Published On Tue, Nov 3 2009, 11:51 GMT - FX Thoughts for the Day
Published On Fri, Oct 30 2009, 11:43 GMT
Kshitij Consultancy Service
| Suite 2G, Tower C, Hastings Court, 96 Garden Reach Road, Kolkata 700 023
http://www.fxthoughts.com | info@kshitij.com
Legal disclaimer and risk disclosure
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.