AUD/USD’s rebound from 0.9060 extends further in early US session and intraday bias is mildly on the upside for the moment. While some more risk could still be seen, upside is expected to be limited below 0.9404 high and bring another fall. Below 0.9173 minor support will turn intraday bias…
Monthly Archives: November 2009
Trade Idea: GBP/USD – Sell at 1.6715
Although the British pound rose to an intra-day high of 1.6649, as this move from 1.6460 is still treated as correction of early fall from 1.6879, upside should be limited to the Ichimoku cloud bottom (now at 1.6673) and cable shall falter below 1.6719 (61.8% Fibonacci retracement of 1.6879 to…
Trade Idea: USD/CHF – Sell at 1.0150
As the greenback is still under pressure after falling sharply from last Friday’s high at 1.0224, suggesting the recovery from 1.0035 has ended there and our bearishness remains for a retest of recent low at 1.0033, once this level is penetrated, this would confirm medium term downtrend has finally resumed…
Trade Idea: EUR/USD – Buy at 1.4900
As the single currency maintained a firm undertone after rising to an intra-day high of 1.5000, suggesting the correction from 1.5049 has possibly ended there and our bullishness remains for a test of this level, then to recent high of 1.5064. Looking ahead, a breach there would confirm the medium…
Trade Idea: USD/JPY – Sell at 90.00
As dollar has continued to edge higher after finding support at 88.57 today, suggesting further consolidation would take place and above the Kijun-Sen (now at 89.06) would bring correction to the Ichimoku cloud bottom (now at 89.45), however, upside should be limited to the upper Kumo (now at 89.79) and…