Recent content by acetrader007

Despite dollar's weakness to 110.75, subsequent strong rebound indicates decline from 112.88 has made a low there and further choppy tradind inside 109.87-113.73 broad range would be seen with upside bias for gain towards said res and possibly 113.35/40, however, as broad outlook...

EUR/USD 5th Aug Although euro's upmove from recent low at 1.1868 to retrace medium term downtrend is likely to extend further gain, weakening of near term upward momentum should limit upside to 1.2495/00 and bring retreat later to 1.2300/10 but only break of 1.2255/60 (previous resistance)...

Cable's present breach of 1.7750 suggests fall fm 1.7833 to retrace y'day's upmove fm 1.7651 re- mains in progress for weakness twd 1.7700/10 but as outlook is consolidative, 1.7680/85 wud hold n bring rebound later today. Sell at 1.7755 for st trade, stop as indicated , abv wud prolong...

Euro's intra-day rally to 1.2383 suggests early upmove fm 1.1868 to retrace MT intermediate down- trend wud extend gain to 1.2400/10 n possibly twds 1.2450 but reckon 1.2497/00 wud remain intact today n yield selloff tomorrow. Hold long n take profit on such move, only below 1.2255/60 wud...