The EURO, JAPANESE yen and EURO-YEN
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Read our current observations and recommendations to trade EUR USD, USD-JPY and EUR-JPY by registering in the
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The following are our comments on the Dollar-Swiss franc, pound sterling and the Australian dollar
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USD-CHF @ 0.9508/11. BullishR: 0.9630/0.9690-700
s: 0.9530-00/0.9455-50
Dollar-Swiss opened up a gap down after New Spain. Now is trading just above 0.9500 fall further to support important to 0.9450 now looks likely. 0.9450 is the strong level of support which can accommodate very us. If the pair fail to break below 0.9450 and bounces back from then, there may be the beginning of a fresh Rally going forward. We will have to shed and see. The commonest 0.9690-9700 is an important region for the receiver and strong break above this region of resistance will open the door for further rally. 0.9950-1.0000 you can direct light on strong break above 0.9700. On the other hand 0.9450 is broken then the pair you can move down to 0.9400 or even lower.
The exchange of ideas for the week:
1) Buy int bounce support at 0.9450
GBP-USD @ 1.5563/66 ... Immediate outlook mixedR: 1.5600/1.5640
S: 1.5400/1.5340
The cable is to find good support near 1.5340 and the witnessed a sharp rise to 1.5600 last week. Although the strong pull back from 1.5600 late the week leaves the question of whether the couple can cause further vulnerabilities to open and growth today leaves a high chance sustaing higher. 1.5400 and 1.5340 are important supports to the observed on the downside and during their storage, there is no immediate risk to the downside. However, if a strong break below 1.5340 is seen then the couple may fall to 1.5200, which is a very strong level of support, which can hold up well and a good level of buy the cable. On the upside we see 1.5640 very strong resistance, which must be broken steam increases additional to 1.5750-800. Not the immediate exchange of ideas now, we will watch the market and enter the feed accordingly.
The exchange of ideas for the week:
1) Buy from zaniki to 1.5200, if
AUD-USD @ 0.9979/82 ... Important support 0.9800R: 1.0000/1.0070
S: 0.9950-40/0.9830-00/0.9700
Aussie saw a strong test parity last week following the good GDP and labour force the release, but it failed to extend his upmove above par. However, rose above the significant level of 0.9950 and continues to look strong. Support is seen near 0.9895 and strong support is seen near 0.9800 and when above 0.9800 is not imminent on the downside. Having said this we can now Aussie move well above parity increases to 1.0070 100 or even 1.0150-200. On the other hand if 0.9800 is discontinued then the pair will revise 0.9700-9600 to the downside. From now on, we do not have any specific trade ideas per week. We can watch as the market moves and will then take professional respectively.
---------------------------
Read our current observations and recommendations to trade EUR USD, USD-JPY and EUR-JPY by registering in the
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#Register
The following are our comments on the Dollar-Swiss franc, pound sterling and the Australian dollar
-------------------------------------------------------------
USD-CHF @ 0.9508/11. BullishR: 0.9630/0.9690-700
s: 0.9530-00/0.9455-50
Dollar-Swiss opened up a gap down after New Spain. Now is trading just above 0.9500 fall further to support important to 0.9450 now looks likely. 0.9450 is the strong level of support which can accommodate very us. If the pair fail to break below 0.9450 and bounces back from then, there may be the beginning of a fresh Rally going forward. We will have to shed and see. The commonest 0.9690-9700 is an important region for the receiver and strong break above this region of resistance will open the door for further rally. 0.9950-1.0000 you can direct light on strong break above 0.9700. On the other hand 0.9450 is broken then the pair you can move down to 0.9400 or even lower.
The exchange of ideas for the week:
1) Buy int bounce support at 0.9450
GBP-USD @ 1.5563/66 ... Immediate outlook mixedR: 1.5600/1.5640
S: 1.5400/1.5340
The cable is to find good support near 1.5340 and the witnessed a sharp rise to 1.5600 last week. Although the strong pull back from 1.5600 late the week leaves the question of whether the couple can cause further vulnerabilities to open and growth today leaves a high chance sustaing higher. 1.5400 and 1.5340 are important supports to the observed on the downside and during their storage, there is no immediate risk to the downside. However, if a strong break below 1.5340 is seen then the couple may fall to 1.5200, which is a very strong level of support, which can hold up well and a good level of buy the cable. On the upside we see 1.5640 very strong resistance, which must be broken steam increases additional to 1.5750-800. Not the immediate exchange of ideas now, we will watch the market and enter the feed accordingly.
The exchange of ideas for the week:
1) Buy from zaniki to 1.5200, if
AUD-USD @ 0.9979/82 ... Important support 0.9800R: 1.0000/1.0070
S: 0.9950-40/0.9830-00/0.9700
Aussie saw a strong test parity last week following the good GDP and labour force the release, but it failed to extend his upmove above par. However, rose above the significant level of 0.9950 and continues to look strong. Support is seen near 0.9895 and strong support is seen near 0.9800 and when above 0.9800 is not imminent on the downside. Having said this we can now Aussie move well above parity increases to 1.0070 100 or even 1.0150-200. On the other hand if 0.9800 is discontinued then the pair will revise 0.9700-9600 to the downside. From now on, we do not have any specific trade ideas per week. We can watch as the market moves and will then take professional respectively.
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