Daily FX Market Comment 10/3

N

nico3725

EUR/USD 1.1020. EUR duly tested our target near 1.1065 on Friday & now some consolidation is likely between 1.0950 & 1.1070. Break of either side will invite test of 1.0900/1.0875 & 1.1120/50 respectively.

USD/CHF 1.3323. Dollar should continue its slide towards 1.3225 or 1.3170/55. Resistances are at 1.3395/00 & above that are 1.3450 & 1.3485.

USD/JPY 116.82. Break of 116.60 is surprising. Now Dollar may consolidate for a while between 116.50 & 117.30. Break of 116.30 will add further bearishness for a move down to 115.35.

GBP/USD 1.5989. Short term drift down to 1.5940 is possible while below 1.6040.

EUR/CHF 1.4690. EUR should grind higher towards 1.4715/30. Supports are at 1.4670/35.

EUR/JPY..128.73. EUR can try 129.15/20 in short term while 128.35/30 lends support.

EUR/GBP 0.6890. EUR should inch higher to 0.6905/10 in short term while above 0.6855/50.

AUD/USD 0.6131. Short term dip is expected to be contained above 0.6110/00 for resumption of uptrend beyond 0.6180 to 0.6210/25.

USD/CAD 1.4649. Dollar can consolidate between 1.4600 & 1.4750 as it has hit a target near 1.4605.
 
EUR/USD 1.1047. No change in view. Consolidation phase is on between 1.0950 & 1.1070. Break of 1.1070 will prompt test of 1.1090/95 or 1.1120/25. Supports are at 1.1000 & 1.0970.

USD/CHF 1.3260. Dollar should continue its slide towards 1.3205 or 1.3155. Resistances are at 1.3285/90 & 1.3315/20.

USD/JPY 116.82. No change in view Now Dollar may consolidate for a while between 116.35 & 117.30. Break of 116.30 will add further bearishness for a move down to 115.35.

GBP/USD 1.6009. The suggested dip materialized yesterday. Now 1.5965/55 should offer support for a rise to 1.6045/50 or 1.6080/85 in the short term.

EUR/CHF 1.4654. Consolidation between 1.4620 & 1.4705 is likely. Short term drift down to 1.4630/25 is possible while below 1.4675.

EUR/JPY 129.13. EUR’s short term strength should carry it up to 129.75/130.00. Supports are at 128.55 & 128.35.

EUR/GBP 0.6898. EUR should inch higher to 0.6935/40 in short term while above 0.6870.

AUD/USD 0.6145. No change in view Short term dip is expected to be contained above .6110/00 for resumption of uptrend beyond 0.6180 to 0.6210/25.

USD/CAD 1.4612. Dollar should hit 1.4575 in short term. Resistance is at 1.4665/70.

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EUR/USD 1.1037. No change in view. EUR continues to be in consolidation phase on a slightly higher range. Supports are at 1.1000 & 1.0970. Prefer a downward move towards 1.1010/05 or 1.0985 in short term while below 1.1060.

USD/CHF 1.3302. Dollar found support above 1.3225, slightly ahead of 1.3205 suggested yesterday. Break of 1.3325 should add a bit of strength to Dollar for a move higher to 1.3365/80.

USD/JPY 117.21. Dollar is slowly grinding higher & might test 117.45/60 or 117.75/90. Supports are at 117.00 & 116.80/65.

GBP/USD 1.6056. The suggested rise materialized yesterday. One more rise to 1.6085/90 cannot be ruled out while above 1.6020/10 in the short term.

EUR/CHF 1.4675. Consolidation between 1.4620 & 1.4705 is likely.

EUR/JPY 129.34. No change in view EUR’s short term strength should carry it up to 129.75/130.00. Supports are at 128.55 & 128.35.

EUR/GBP 0.6868. EUR should drift down to 0.6845/40 in short term while below 0.6890.

AUD/USD 0.6053.Break of 0.6110 turned the picture bearish against our expectations. Now fall to 0.5985/75 is anticipated. Resistances are at 0.6085 & 0.6100.

USD/CAD 1.4732. Short term upside thrust to 1.4780/85 is looked for while above 1.4680/75.
 
EUR/USD 1.0874. The expected dip to 1.0985 occurred yesterday & EUR has been sold off aggressively this morning. Short term pictures indicate that 1.0915/35 will repulse EUR’s advances for a slide towards 1.0840/1.0800. On bigger pictures, still expecting 1.0795/75 area to offer support for rise to 1.1100/25.

USD/CHF 1.3498. Dollar moved along suggested lines to test higher yesterday. Short term thrust towards 1.3605/35 is possible now. Supports are at 1.3455 & 1.3405.

USD/JPY 117.94. Dollar’s recent strength should carry it up to 118.55/60. Supports are at 117.70 & 117.35.

GBP/USD 1.6044. Cable’s upside attempts may run into resistance near 1.6075/90 for a fall towards 1.5995/90.

EUR/CHF 1.4695. Short term grind higher to 1.4720/30 is anticipated while above 1.4665/55.

EUR/JPY 128.17. EUR turned down after testing close to our target yesterday. Possible short term drop may be contained above 127.90 or 127.60 for a move higher to 128.60.

EURGBP 0.6769. EUR should drift down to 0.6750/40 in short term while below 0.6790.

AUD/USD 0.5924. Immediate resistance is at 0.5960/65 & as it holds one more drop to 0.5870/65 cannot be ruled out. After this drop some corrective rise of about 80 to 100 points is expected.

USD/CAD 1.4810. Dollar should inch higher to 1.4840/50 while above 1.4770.
 
EUR/USD 1.0812. EUR more or less moved along anticipated lines & had tested a low of 1.0690 last week. Choppy trading is likely to continue for a while with supports at 1.0765 & 1.0745. Short term test higher to 1.0835/60 is the preferred outlook while above 1.0765/60.

USD/CHF 1.3560. Dollar moved along suggested lines to test higher. Short term sell off towards 1.3520/1.3475 is possible now. Resistances are at 1.3620 & 1.3650.

USD/JPY 117.90. Supports at 117.65 & 117.35 are holding well so far. Favour one more rise of Dollar towards 118.60/70 or 119.05/10 while these supports continue to hold.

GBP/USD 1.5886. Cable’s short term upside probes may be contained below 1.5910/35 for a fall towards 1.5795/80, below which 1.5720/10 also may be seen.

EUR/CHF 1.4660. EUR may trade in 1.4640 – 1.4710 range for some time.

EUR/JPY 127.47. Short term rise to 127.65/90 is a possibility while above 127.15.

EUR/GBP 0.6806. Short term range of 0.6785-0.6830 may prevail for some time.

AUD/USD 0.6008. Short term dip was followed by a rise as suggested which can extend to 0.6035. Support is at 0.5975/70.

USD/CAD 1.4707. Fall to 1.4660/45 is now looked for. Resistances are at 1.4765 & above that 1.4785/00.
 
EUR/USD.. .1.0825. EUR gave up subtantial part of gains last week & markets are jittery over developments on war front. Still considering this down move as correction & it is a question of time before EUR starts going higher to 1.1125 & 1.1335.Supports are at 1.0660 , 1.0580 & 1.0500.

USD/CHF.. 1.3540.No change in view. Dollar's corrective phase is expected to last for some time. Resistances are at 1.3705, 1.3775/80 & 1.3835/50.Once this phase is over Dollar should go down to 1.3120/1.3065.

USD/JPY..117.85. Dollar dropped to 116.40 last week.Resistances at 118.85 & 119.30/35 are still likely to contain its strength for one more drop to 115.75/55.

GBP/USD..1.5895. In spite of the strong bounce last week, Cable is expected to be weak & should hit 1.5625/1.5570.Resistances are at 1.6050, 1.6160 & 1.6245.

Regards.
 
EUR/USD 1.0643. The suggested short term rise to 1.0835/45 materialized day before yesterday before the strong sell off. Such a strong rally in Dollar across the board was not expected. In the short term expect EUR to trade higher to 1.0675/90 or 1.0710/20 while above 1.0590/85. Break of minor resistance at 1.0655 is a precondition for this upmove to materialize. One more sell off towards 1.0500/1.0465 cannot be ruled out as of now as long as EUR remains below 1.0775/90.

USD/CHF 1.3822. Dollar turned up powerfully after testing close to our target near 1.3525. It has entered into a correction, which is likely to see 1.3775 or 1.3745. Expect uptrend towards 1.3975/1.4010 to resume after this correction.

USD/JPY 118.71. Dollar moved along suggested lines to test 119.15, which represents 61.8% retracement of the move from 120.80 to 116.35. Short term drift down to 118.40 or 118.15 is now anticipated while 119.00/05 contains the upside.

GBP/USD 1.5665. Cable’s short term upside probes may be contained below 1.5715 or 1.5755 for a fall towards 1.5605, below which 1.5565/55 also may be seen.

EUR/CHF 1.4702. EUR may trade higher to 1.4730/35 while 1.4670 lends support.

EUR/JPY 126.21. Selling between 126.80 & 127.20 with stop above 127.65/70 is preferred for 124.95/65.

EUR/GBP 0.6786. Short term grind higher to 0.6830 is looked for while above 0.6755/50

AUD/USD 0.5925. Short term rise to 0.5960/65 is possible. Supports are at 0.5900 & 0.5875.

USD/CAD 1.4749. One more fall to 1.4675/70 is now looked for. Resistances are at 1.4765 & above that 1.4785/00.
 
EUR/USD 1.0585. EUR could not break 1.0655 resistance yesterday & was sold off to 1.0535 again. Choppy trading between 1.0530 & 1.0625/30 is likely to take place for some time. Break of 1.0630 & more significantly 1.0655/60 will add a bit of stability to EUR. Break on either side will yield 1.0465/55 & 1.0690/1.0700 respectively.

USD/CHF 1.3912. Choppy trading between 1.3800 & 1.3970 is likely. MACD divergence in short term charts warn about being long aggressively.

USD/JPY 119.93. Break above 119.20 imparted a lot of bullishness to Dollar & it should now climb to 121.35/50. Supports are at 119.35 & 119.15.

GBP/USD 1.5643. Short term rise to 1.5685/90 is possible while above 1.5605/1.5595.

EUR/CHF 1.4719. EUR seems to have met one target near 1.4730. But short term pictures hint at test of 1.4745/50 while above 1.4700.

EUR/JPY 126.92. No change in view. Shorts can be kept with stop above 127.75 for a move down to 125.25/15. Before this short term rise to 127.50/60 cannot be ruled out.

EUR/GBP 0.6765. Short term drift down to 0.6730/25 is looked for while below 0.6790.

AUD/USD 0.5925. No change in view. Short term rise to 0.5960/65 is possible. Supports are at 0.5900 & 0.5875.

USD/CAD 1.4821. Against our assumption Dollar broke above 1.4800. It should now trade in 1.4750-1.4875 range for some time.

http://www.realtimeforex.com/newsadmin/user_daily_market_e.asp
 
EUR/USD 1.0604. EUR could not hold onto the gains above 1.0655 & the break was brief. No change in view. Choppy trading between 1.0530 & 1.0670 is likely to take place for some time. Break of 1.0530 will yield 1.0480/65.

USD/CHF 1.3892. No change in view. Choppy trading between 1.3780 & 1.3970 is likely. Break above 1.3970 may yield 1.4040/50.

USD/JPY 120.32. No change in view. Break above 119.20 imparted a lot of bullishness to Dollar & it should now climb to 121.35/50. Supports are at 119.35 & 119.15.

GBP/USD 1.5650. Our suggested short term rise to 1.5690 materialized. One more rise to 1.5695/1.5715 cannot be ruled out while above 1.5620/05.

EUR/CHF 1.4735. EUR as suggested tested our target near 1.4750. Picture is getting toppish & break below 1.4700/1.4695 will push it down to 1.4650/45.

EUR/JPY 127.64. EUR broke above 127.70 against our assumption, which increases its chances of further upside potential to 128.15 or 128.35/50. Supports are at 127.35 & 126.70.

EUR/GBP 0.6775. Play the range 0.6735-0.6805 with a bias to the downside.

AUD/USD 0.5935. One more grind higher to 0.5965/70 is possible. Supports are at 0.5920 & 0.5900.

USD/CAD 1.4810. No change in view. It should trade in 1.4750-1.4875 range for some time.
 
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