Daily Market Comment

Realtime Forex Daily Market Comment

Wednesday October 5, 2005




EUR-USD

1.1918. It may meet resistance in 1.1918 - 1.1923 zone for a drift down to below 1.1875 zone.

USD-CHF

1.3015. Corrective dips should halt near 1.2990 for one more thrust upwards towards 1.3026. Stop loss below 1.2966 zone.

USD-JPY

114.24. Current rise should end around 114.21 or 114.42. Objectives of this downmove are 114.03 or 113.82. A rise above 114.60 is again bullish.

GBP-USD

1.7589. It should trade higher to 1.7636 or above 1.7683 in extention. Supports at 1.7552 and 1.7575. Stop loss below 1.7528 zone

EUR-CHF

1.5512. It may meet resistance in 1.5512 - 1.5515 zone for a drift down to below 1.5490 zone.

EUR-JPY

136.17. We prefer to see an attempt to below 135.9 or below 135.62 in extension. A clear break of 136.33 is bullish.

EUR-GBP

0.6775. Current fall is near an end of wave around 0.6754 - 0.6759 zone, a rally should then procede to above 0.6786 or 0.6791. Fall below 0.6754 would cancel this scenario.

AUD-USD

0.7636. Current upmove should be over between0.7641 and 0.7633. A correction down to 0.7604 is anticipated. A break of 0.7649 is bullish.

USD-CAD

1.1729. Current rise seems to be over near 1.1732 or 1.1764 for a retracement towards 1.1700 - 1.1683 area.
 
Realtime Forex Daily Market Comment

Thursday October 6, 2005




EUR-USD

1.1974. Current rise seems to be over near 1.1981 or 1.2003 for a retracement towards 1.1959 - 1.1945 area.

USD-CHF

1.2929. Market should meet resistance at 1.2957. We expect then an extended move down to 1.2899 -1.2844 area.

USD-JPY

114.00. It may attempt a test higher to 114.21 after which weakness may set it to a drift down to below 113.58 limit.

GBP-USD

1.7622. Current rise should end around 1.7619 or 1.7664. Objectives of this downmove are 1.7578 or 1.7533. A rise above 1.7705 is again bullish.

EUR-CHF

1.5481. We prefer to see an attempt to below 1.5468 or below 1.5454 in extension. A clear break of 1.5500 is bullish.

EUR-JPY

136.49. It should consolidate between 136.07 and 136.70. A break of one of these points would cause further bullish or bearish move.

EUR-GBP

0.6794. It should trade higher to 0.6803 while 0.6787 or 0.6783 offers support. Stop loss below 0.6779 zone.

AUD-USD

0.7564. Market should meet resistance at 0.7587. We expect then an extended move down to 0.7542 -0.7495 area.

USD-CAD

1.1823. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1901 or 1.1926 if support around 1.1791 hold. After which a pullback to 1.1791 - 1.1766 zone is possible.
 
Realtime Forex Daily Market Comment

Friday October 7, 2005



EUR-USD

1.2179. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2309 or 1.2352 if support around 1.2119 hold. After which a pullback to 1.2119 - 1.2076 zone is possible.

USD-CHF

1.2708. It should see a sell off to below 1.2609 while 1.2770 area curtails its upside. A break beyond 1.2870 will abort the downside.

USD-JPY

113.29. Market should pop up towards 113.97 or 114.66 this bullish scenario would be damaged if 112.80 - 112.67 zone is broken, a severe break down could then occur.

GBP-USD

1.7788. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7888 or 1.7933 if support around 1.7740 hold. After which a pullback to 1.7740 - 1.7704 zone is possible.

EUR-CHF

1.5478. It should test 1.5486 area after which a sell off down to 1.5451 or extended to 1.5423 area is expected.

EUR-JPY

137.99. Uptrend is still intact in a triangle configuration. It should continue to rally to 138.65 or 139.12 if support around 137.47 hold. After which a pullback to 137.47 - 137.19 zone is possible.

EUR-GBP

0.6846. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6875 or 0.6893 if support around 0.6828 hold. After which a pullback to 0.6828 - 0.6817 zone is possible.

AUD-USD

0.7583. It should test 0.7595 area after which a sell off down to 0.7556 or extended to 0.7529 area is expected.

USD-CAD

1.1810. There are initial signs of a good corrective recovery towards 1.1839 or even 1.1861. Supports at 1.1791 and 1.1765 zone.
 
Realtime Forex Daily Market Comment

Monday October 10, 2005


EUR-USD

1.2124. There are initial signs of a good corrective recovery towards 1.2157 or even 1.2178. Supports at 1.2109 and 1.2081 zone.

USD-CHF

1.2782. It should test 1.2820 area after which a sell off down to 1.2710 or extended to 1.2637 area is expected.

USD-JPY

113.80. It should be subject to more sell off towards 113.28 or 112.77. Corrective upward swings should face resistance around 114.23 area. A break of 114.36 is bullish.

GBP-USD

1.7606. There is bearish potential for a fall to 1.7523 while 1.7659 - 1.7701 resist. After this fall a recovery up to 1.7701 or 1.7743 is expected.

EUR-CHF

1.5499. It should find support in 1.5471 - 1.5442 area for a rally to 1.5548. Unexpected fall below 1.5442 will dent this bullish view.

EUR-JPY

137.98. Corrective dips should halt near 137.68 for one more thrust upwards towards 138.08. Stop loss below 137.38 zone.

EUR-GBP

0.6887. A correction down to 0.6858 or lower is now expected from 0.6888 or 0.6903. A break above 0.6918 is needed to turn bullish.

AUD-USD

0.7565. It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7614 or under 0.7558 limits.

USD-CAD

1.1753. Market should pop up towards 1.1807 or 1.1861 this bullish scenario would be damaged if 1.1716 - 1.1705 zone is broken, a severe break down could then occur.
 
Realtime Forex Daily Market Comment

Tuesday October 11, 2005




EUR-USD

1.2067. Market should pop up towards 1.2133 or 1.2200 this bullish scenario would be damaged if 1.2013 - 1.2008 zone is broken, a severe break down could then occur.

USD-CHF

1.2832. Strength can extend to 1.2852 or even higher than 1.2885 as declines are expected to find support at 1.2791 or 1.2764. A fall below 1.2697 could turn it bearish.

USD-JPY

114.10. Current upmove should continue up to 114.41 or 114.72. Any correction should find support in 113.98 - 113.83 zone.

GBP-USD

1.7564. It may meet resistance in 1.7564 - 1.7571 zone for a drift down to 1.7543 zone, after which bounce to 1.7599 is anticipated.

EUR-CHF

1.5484. Decline should be supported around 1.5473 - 1.5461 zone for rally to above 1.5525. A clear break of 1.5461 will damage this expected rally.

EUR-JPY

137.67. There is bearish potential for a fall to 137.39 while 137.82 - 137.96 resist. After this fall a recovery up to 137.96 or 138.10 is expected.

EUR-GBP

0.6870. Our preferred outlook is for a drift down to 0.6859 or below 0.6849. Resistances are at 0.6870 and 0.6880. A rise above 0.6890 would delay but not abort this expected fall.

AUD-USD

0.7591. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7600 or 0.7630 if support around 0.7586 hold. After which a pullback to 0.7586 - 0.7577 zone is possible.

USD-CAD

1.1761. It should test 1.1784 area after which a sell off down to 1.1733 or extended to 1.1704 area is expected.
 
Realtime Forex Daily Market Comment

Wednesday October 12, 2005




EUR-USD

1.1993. Current fall is near an end of wave around 1.1917 - 1.1932 zone, a rally should then procede to above 1.2033 or 1.2052. Fall below 1.1916 would cancel this scenario.

USD-CHF

1.2897. A correction down to 1.2841 or lower is now expected from 1.2909 or 1.2936. A break above 1.2976 is needed to turn bullish.

USD-JPY

114.55. Uptrend is still intact in a triangle configuration. It should continue to rally to 114.70 or 115.14 if support around 114.33 hold. After which a pullback to 114.33 - 114.19 zone is possible.

GBP-USD

1.7464. Current fall is near an end of wave around 1.7381 - 1.7386 zone, a rally should then procede to above 1.7514 or 1.7538. Fall below 1.7368 would cancel this scenario.

EUR-CHF

1.5468. It should be subject to more weakness towards 1.5459. After which a correction to above 1.5484 is anticipated. A break of 1.545 is bearish.

EUR-JPY

137.37. Current fall is near an end of wave around 136.80 - 137.33 zone, a rally should then procede to above 137.57 or 137.76. Fall below 136.62 would cancel this scenario.

EUR-GBP

0.6867. One more dip to 0.6856 is likely followed by a grind higher to above 0.6875. After which it can resume his downtrend.

AUD-USD

0.7524. Market should meet resistance at 0.7542. We expect then an extended move down to 0.7505 -0.7471 area.

USD-CAD

1.1761. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.1820 or under 1.1740 limits.
 
Realtime Forex Daily Market Comment

Thursday October 13, 2005




EUR-USD

1.2024. It may attempt a test higher to 1.2038 after which weakness may set it to a drift down to below 1.1968 limit.

USD-CHF

1.2873. While below 1.2854 or 1.2886 it could fall towards below 1.2772. Rise above 1.2911 could activate some bullish pattern.

USD-JPY

114.38. Decline should be supported around 114.17 - 113.96 zone for rally to above 114.96. A clear break of 113.96 will damage this expected rally.

GBP-USD

1.7516. It should trade higher to 1.7580 or above 1.7644 in extention. Supports at 1.7454 and 1.7486. Stop loss below 1.7422 zone

EUR-CHF

1.5479. It should be subject to more sell off towards 1.5465 or 1.5452. Corrective upward swings should face resistance around 1.5489 area. A break of 1.5494 is bullish.

EUR-JPY

137.53. It may attempt a test higher to 137.63 after which weakness may set it to a drift down to below 137.15 limit.

EUR-GBP

0.6865. One more dip to 0.6855 is likely followed by a grind higher to above 0.6871. After which it can resume his downtrend.

AUD-USD

0.7548. It should test 0.7575 area after which a sell off down to 0.7514 or extended to 0.7480 area is expected.

USD-CAD

1.1707. Market should meet resistance at 1.1724. We expect then an extended move down to 1.1686 -1.1656 area.
 
Realtime Forex Daily Market Comment

Friday October 14, 2005




EUR-USD

1.2026. It should trade higher to 1.2071 or above 1.2117 in extention. Supports at 1.1970 and 1.1993. Stop loss below 1.1947 zone

USD-CHF

1.2892. Resistances lie around 1.2956 and 1.3081. It should test lower towards 1.2830 zone. A clear break of 1.2795 would be bearish.

USD-JPY

114.50. While below 114.6 or 114.8 it could fall towards below 114.11 or 113.72. After which a corrective/consolidation activity is expected.

GBP-USD

1.7567. It should trade higher to 1.7614 while 1.7528 or 1.7505 offers support. Stop loss below 1.7482 zone.

EUR-CHF

1.5503. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5522 or 1.5560 if support around 1.5496 hold. After which a pullback to 1.5496 - 1.5482 zone is possible.

EUR-JPY

137.70. Difficult to predict the next move. If first down it should hold 137.34 or 137.22 to 137.95. If first up it should face resistance in 137.70 - 137.95 zone to 137.22 zone

EUR-GBP

0.6845. It should test 0.6846 area after which a sell off down to 0.6821 or extended to 0.6798 area is expected.

AUD-USD

0.7505. It is likely to fall towards 0.7412 unless a corrective rally breaks the 0.7532 resistance. Stop above 0.7555 zone.

USD-CAD

1.1833. Current rise seems to be over near 1.1841 or 1.1887 for a retracement towards 1.1795 - 1.1768 area.
 
Realtime Forex Daily Market Comment

Monday October 17, 2005




EUR-USD

1.2086. It should trade higher to 1.2137 while 1.2057 or 1.2032 offers support. Stop loss below 1.2007 zone.

USD-CHF

1.2833. Current fall seems to be over near 1.2806 or 1.2759 for a rebound towards 1.2853 - 1.2890 area.

USD-JPY

114.01. There is bearish potential for a fall to 113.61 while 114.26 - 114.46 resist. After this fall a recovery up to 114.46 or 114.65 is expected.

GBP-USD

1.7700. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7705 or 1.7853 if support around 1.7631 hold. After which a pullback to 1.7631 - 1.7593 zone is possible.

EUR-CHF

1.5510. It should trade higher to 1.5528 while 1.5501 or 1.5492 offers support. Stop loss below 1.5482 zone.

EUR-JPY

137.79. Current upmove should be over between137.86 and 137.73. A correction down to 137.27 is anticipated. A break of 137.99 is bullish.

EUR-GBP


0.6830. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6827 or 0.6817. Major support is clustered around 0.6800 limit.

AUD-USD

0.7521. It may attempt a test higher to 0.7531 - 0.7544 after which weakness may set it to a drift down to below 0.7495 limit.

USD-CAD

1.1857. While below 1.1903 it is more likely to fall further towards 1.1826 or 1.1803. Premature rise above 1.1903 could see it rising above 1.1948 zone.
 
Realtime Forex Daily Market Comment

Wednesday October 19, 2005




EUR-USD

1.1959. Current fall is near an end of wave around 1.1855 - 1.1934 zone, a rally should then procede to above 1.1994 or 1.2020. Fall below 1.1854 would cancel this scenario.

USD-CHF

1.2984. Should test support at 1.2916 while below 1.2984. If support at 1.2916 holds it can rise up to1.3058, if not it should fall to below 1.2847 zone.

USD-JPY

115.70. One move lower to 115.09 or 114.49 is anticipated while below 115.82 - 116.12 area. Stop loss above 116.55 zone.

GBP-USD

1.7511. It should test higher than 1.7565. Entry point are at 1.7467 and 1.7440. A break of 1.7369 is bearish.

EUR-CHF

1.5529. Our preferred outlook is for a drift down to 1.5516 or below 1.5502. Resistances are at 1.5529 and 1.5541. A rise above 1.5555 would delay but not abort this expected fall.

EUR-JPY

138.36. Current rise should end around 138.35 or 138.67. Objectives of this downmove are 138.03 or 137.71. A rise above 138.99 is again bullish.

EUR-GBP

0.6830. While below 0.6838 - 0.6845 it might drop to 0.6816 or below 0.6802 zone.

AUD-USD

0.7479. Market should hold major support at 0.7431 before rising towards 0.7504 or even 0.7530 limit.

USD-CAD

1.1775. There is bearish potential for a fall to 1.1735 or 1.1694 while 1.1828 - 1.1848 resist. After this fall a recovery up to 1.1828 or 1.1848 is expected.
 
Realtime Forex Daily Market Comment

Thursday October 20, 2005




EUR-USD

1.1992. Market should hold major support at 1.1886 before rising towards 1.2039 or even 1.2086 limit.

USD-CHF

1.2948. Preferred view is for a fall to below 1.2894 while 1.2948 - 1.2984 area resists. A clear break of 1.3039 would be bullish.

USD-JPY

115.45. Preferred view is for a fall to below 115.14 while 115.45 - 115.57 area resists. A clear break of 115.87 would be bullish.

GBP-USD

1.7654. It should trade higher to 1.7741 while 1.7582 or 1.7539 offers support. Stop loss below 1.7496 zone.

EUR-CHF

1.5526. One more dip to 1.5513 is likely followed by a grind higher to above 1.5533. After which it can resume his downtrend.

EUR-JPY

138.43. It may attempt a test higher to 138.50 after which weakness may set it to a drift down to below 137.87 limit.

EUR-GBP

0.6792. Market should not go lower than 0.6769. After this move down it should go up to 0.6791 - 0.6807 area.

AUD-USD

0.7501. It should trade higher to 0.7530 or above 0.7560 in extention. Supports at 0.7470 and 0.7485. Stop loss below 0.7455 zone

USD-CAD

1.1751. There is bearish potential for a fall to 1.1717 while 1.1768 - 1.1786 resist. After this fall a recovery up to 1.1786 or 1.1803 is expected.
 
Realtime Forex Daily Market Comment

Friday October 21, 2005




EUR-USD

1.2024. It should trade lower to 1.1922. Resistances are at 1.1999 and 1.2025. A break of 1.205 is bullish.confirmed by a close above 1.2099 limit.

USD-CHF

1.2876. It might hold above 1.2873 or 1.2835 for a rise towards above 1.2952. Stop loss below 1.2835 zone.

USD-JPY

115.31. Our preferred outlook is for a drift down to 115.12 or below 114.94. Resistances are at 115.31 and 115.45. A rise above 115.63 would delay but not abort this expected fall.

GBP-USD

1.7745. Currently uptrend should end around 1.7820 - 1.7799 area. A correction down to below 1.7644 is expected. A rise above 1.7852 will abort the expected correction.

EUR-CHF

1.5481. We prefer to see an attempt to below 1.5457 or below 1.5432 in extension. A clear break of 1.5508 is bullish.

EUR-JPY

138.65. It looks set for gains to above 138.86. Supports at 138.36 and 138.46. A break of 138.25 will damage this bullish structure.

EUR-GBP

0.6776. Current fall is near an end of wave around 0.6740 - 0.6765 zone, a rally should then procede to above 0.6789 or 0.6798. Fall below 0.6739 would cancel this scenario.

AUD-USD

0.7528. Currently uptrend should end around 0.7550 - 0.7549 area. A correction down to below 0.7498 is expected. A rise above 0.7569 will abort the expected correction.

USD-CAD

1.1783. It should be subject to more sell off towards 1.1729 or 1.1676. Corrective upward swings should face resistance around 1.1847 area. A break of 1.18315 is bullish.
 
Realtime Forex Daily Market Comment

Monday October 24, 2005




EUR-USD

1.1949. There is bearish potential for a fall to 1.1892 while 1.1985 - 1.2014 resist. After this fall a recovery up to 1.2014 or 1.2042 is expected.

USD-CHF

1.2923. It may attempt a test higher to 1.2942 after which weakness may set it to a drift down to below 1.2831 limit.

USD-JPY

115.89. It should trade higher to 116.26 while 115.61 or 115.43 offers support. Stop loss below 115.25 zone.

GBP-USD

1.7675. Current move should be supported in 1.7657 zone for a rise to above 1.7864. A break below 1.7544 opens the way down.

EUR-CHF

1.5445. It may meet resistance in 1.5445 - 1.5453 zone for a drift down to 1.5422 zone, after which bounce to 1.5464 is anticipated.

EUR-JPY

138.51. It looks more likely that it would rise to above 138.82 or 138.99 from 138.41 or 138.18. After which a downside move to below 137.84 is expected.

EUR-GBP

0.6761. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6754 or 0.6747. Major support is clustered around 0.6737 limit.

AUD-USD

0.7483. There is bearish potential for a fall to 0.7455 while 0.7499 - 0.7514 resist. After this fall a recovery up to 0.7514 or 0.7528 is expected.

USD-CAD

1.1877. Current rise seems to be over near 1.1881 or 1.1926 for a retracement towards 1.1835 - 1.1811 area.
 
Realtime Forex Daily Market Comment

Tuesday October 25, 2005


EUR-USD

1.1986. It should be subject to more sell off towards 1.1932 or 1.1877. Corrective upward swings should face resistance around 1.2015 area. A break of 1.2053 is bullish.

USD-CHF

1.2871. There is bearish potential for a fall to 1.2818 or 1.2766 while 1.2912 - 1.2938 resist. After this fall a recovery up to 1.2912 or 1.2938 is expected.

USD-JPY

115.45. Market should pop up towards 115.91 or 116.37 this bullish scenario would be damaged if 115.37 - 115.33 zone is broken, a severe break down could then occur.

GBP-USD

1.7689. It is likely to fall towards 1.7647 as its corrective rally could falter in 1.7711 - 1.7689 area. Stop above 1.7732 zone.

EUR-CHF

1.5427. It should be subject to more weakness towards 1.5412. After which a correction to above 1.5450 is anticipated. A break of 1.5397 is bearish.

EUR-JPY

138.39. Market should hold major support at 137.82 before rising towards 138.60 or even 138.80 limit.

EUR-GBP

0.6775. It should be subject to more sell off towards 0.6756 or 0.6736. Corrective upward swings should face resistance around 0.6792 area. A break of 0.6795 is bullish.

AUD-USD

0.7515. It may attempt a test higher to 0.7517 after which weakness may set it to a drift down to below 0.7483 limit.

USD-CAD

1.1862. There are initial signs of a good corrective recovery towards 1.1894 or even 1.1909. Supports at 1.1855 and 1.1832 zone.
 
Realtime Forex Daily Market Comment

Wednesday October 26, 2005




EUR-USD

1.2107. Current rise seems to be over near 1.2113 or 1.2171 for a retracement towards 1.2054 - 1.2022 area.

USD-CHF

1.2766. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2743 or 1.2693. Major support is clustered around 1.2614 limit.

USD-JPY

115.03. It is likely to attempt to below 114 while below 115.03 - 115.13 area. Rise above 115.65 would dampen this bearish expectation.

GBP-USD

1.7844. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7874 or 1.8016 if support around 1.7782 hold. After which a pullback to 1.7782 - 1.7739 zone is possible.

EUR-CHF

1.5456. It should trade higher to 1.5470 while 1.5444 or 1.5438 offers support. Stop loss below 1.5431 zone.

EUR-JPY

139.26. It should trade higher to 139.68 while 138.86 or 138.65 offers support. Stop loss below 138.44 zone.

EUR-GBP

0.6784. It should trade higher to 0.6794 while 0.6776 or 0.6771 offers support. Stop loss below 0.6766 zone.

AUD-USD

0.7566. Current rise seems to be over near 0.7570 or 0.7597 for a retracement towards 0.7542 - 0.7527 area.

USD-CAD

1.1748. Market should meet resistance at 1.1789. We expect then an extended move down to 1.1710 -1.1624 area.
 
Are you a full time trader??
Just wanted to know if you trade fundamentally or technically ;)
 
rav700 said:
Are you a full time trader??
Just wanted to know if you trade fundamentally or technically ;)
Click to expand...

Both ... I trade using technial analysis, fundamentals and feeling.

Nico.
 
Hello guys,

I am getting a sell signal on EURUSD. Think It could drop below 1.2100 and perhaps to 1.2050/60 area during the day. I am selling at 1.2130 with stop above 1.2160 for at least 40 pips. Will see once I am 30 pips in the money if the target of 1.2050-60 is likely. This is just a trade I am doing. Not a recommendation.

Cheers

Good trades
 
Dildubai said:
Hello guys,

I am getting a sell signal on EURUSD. Think It could drop below 1.2100 and perhaps to 1.2050/60 area during the day. I am selling at 1.2130 with stop above 1.2160 for at least 40 pips. Will see once I am 30 pips in the money if the target of 1.2050-60 is likely. This is just a trade I am doing. Not a recommendation.

Cheers

Good trades
Click to expand...

I agree atleast my daily's are showing the same... already gone down 20 pips I think it will test the 1.2050 again definately :)
 
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