EUR/USD Daily Outlook: 1.2786
by AceTrader Team
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Updating time :15 Aug 2006 23:07 GMT
As euro has eased after y'day's rally to 1.2805,
minor consolidation is envisaged in Asia but reckon
pullback wud be ltd to 1.2760/70, yield resumption
of near term rise fm 1.2695 to 1.2810/20 n possibly
twds 1.2842 (prev. sup).
Buy on dips with stop as indicated, below wud
risk 1.2730/35 but minor sup at 1.2712 shud hold...
Range Forecast
1.2775 / 1.2800
Resistance/Support
R: 1.2805/1.2842/1.2874
S: 1.2751/1.2712/1.2695
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INTRA-DAY USD/JPY OUTLOOK - 116.02
by AceTrader Team
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Updating time : 16 Aug 2006 04:19 GMT
to continue ahead of European opening, as y'day's
earlier this week at 116.75, consolidation with
downside bias remains to indicated obj.
Sell recovery n exit on decline as below 115.75
is needed to confirm top has been made...
Range Forecast
115.95 / 116.20
Resistance/Support
R: 116.22/116.75/117.13
S: 115.75/115.12/114.67
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Forex Market Outlook on Majors
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Updating time : 15 Aug 2006 23:22 GMT
As 1.8979 has capped y'day's rally, cable's re-
treat fm there suggests minor consolidation wud be
seen in Asia but 1.8910/20 shud limit downside n
yield another rise, abv said res wud bring stronger
retracement of last week's decline to 1.8990/00.
Hold long with stop as indicated, below risks
further weakness to 1.8875/80 b4 rebound...
Range Forecast
1.8925 / 1.8950
Resistance/Support
R: 1.8979/1.8990/1.9055
S: 1.8928/1.8882/1.8843
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