Daily Market Comment 19/05

N

nico3725

EUR/USD 1.1695. Dollar resumed its downtrend against our assumption. EUR has opened with a gap & short term corrective dips should find support at 1.1650 or 1.1625 for a rally to 1.1765 & above that 1.1825/30.

USD/CHF 1.2956. Dollar’s corrective upticks are likely to run into resistance in 1.3000/30 area for fall to 1.2890/75 or 1.2820.

USD/JPY 115.28. Dollar should aim for 114.75 or 114.45/35 now. Resistance is at 115.70/85.

GBP/USD 1.6294. Cable moved along expected lines to test 1.6315 so far. It should inch up towards 1.6335/55 now. Supports are at 1.6235 & 1.6215.

EUR/CHF 1.5142. Support at 1.5110/00 should hold for rise to 1.5180 & above that to 1.5215/20 also.

EUR/JPY 134.77. EUR may try 135.25/45 once more while above 134.30/25.

EUR/GBP 0.7173. EUR should grind higher to 0.7215/25 in short term. Supports are at 0.7150 & 0.7125.

AUD/USD 0.6567. Test of 0.6625 is on the cards now. Some consolidation is possible before this expected upmove.

USD/CAD 1.3559. Resistance at 1.3625/40 should push Dollar down to 1.3495/85.
 
EUR/USD 1.1654. Support at 1.1625 is so far holding. More support lies near 1.1560. EUR should climb to 1.1765 or 1.1825/30 while supports hold.

USD/CHF 1.2967. No change in view. Dollar’s corrective upticks are likely to run into resistance in 1.3030/60 area for fall to 1.2850/45 or 1.2820. More resistance is at 1.3110.

USD/JPY 117.06. Dollar found support at 115.00 itself instead of minimum 114.75 expected yesterday. It may still aim for 114.75 or 114.45/35 as long as it is unable to clear past the resistance at 117.70/85.

GBP/USD 1.6322. Cable can once more try a move higher to 1.6405/10 as support at 1.6280/60 is likely to contain its corrective declines.

EUR/CHF 1.5113. Support at 1.5090 should hold for rise to 1.5165 in the short term.

EUR/JPY 136.43. EUR went far above the suggested levels & its continued bullishness should carry it up to 137.25/50. Supports are at 135.70 & 135.50. Minor support is at 135.95.

EUR/GBP 0.7135. No change in view. EUR should grind higher to 0.7215/25. Supports are at 0.7100 & 0.7085.

AUD/USD 0.6554. No change in view. Test of 0.6625 is on the cards now. Some consolidation is possible before this expected upmove.

USD/CAD 1.3542. One more short term dip to 1.3500/1.3490 is looked for while below 1.3590/00.
 
EUR/USD 1.1717. EUR found support at 1.1600 & resumed its uptrend, which should target 1.1775/80 or ideally 1.1825/30 now. Support is at 1.1675.

USD/CHF 1.2895. As expected Dollar’s corrective advance ran into resistance near 1.3035 yesterday. It should fall to 1.2835/05 below which 1.2780/60 also may be seen. Resistances are at 1.2920 & 1.2950.

USD/JPY 116.64. No change in view. Dollar may still aim for 114.75 or 114.45/35 as long as it is unable to clear past the resistance at 117.70/85.

GBP/USD 1.6402. Cable is on course to 1.6505/25 as support at 1.6300/1.6280 is likely to contain its corrective declines. Minor support is at 1.6360.

EUR/CHF 1.5111. No change in view. Support at 1.5090 should hold for rise to 1.5165 in the short term.

EUR/JPY 136.68. EUR is progressing nicely along suggested lines towards 137.50/90. Supports are at 135.70 & 135.50. Minor support is at 135.95.

EUR/GBP 0.7138. No change in view. EUR should grind higher to 0.7215/25. Supports are at 0.7100 & 0.7080.

AUD/USD 0.6589. No change in view. Test of 0.6625/45 is on the cards now. Supports are at 0.6560 & 0.6545.

USD/CAD 1.3430. One more short term dip to 1.3380/70 is looked for while below 1.3480/1.3500.
 
Quote from nico3725:

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Geo.
 
EUR/USD.. .1.1625. EUR's uptrend gathered momentum & is now on course to 1.1775/1.1825 above which 1.1930/1.2025 also are possible targets. Supports are at 1.1550/1.1515 & 1.1350.

USD/CHF.. 1.3000. Dollar should target 1.2775/45 now. Resistances are at 1.3115, 1.3275 & 1.3375.

USD/JPY..117.25. Dollar is getting bottomish against Yen. However, one more dip to 114.65/35 cannot be ruled out while below 117.75/118.25.

GBP/USD..1.6325.Cable can try 1.6405/1.6515.Supports are at 1.6120 & 1.6050/00.

Regards.

Source : http://www.realtimeforex.com/newsadmin/user_daily_market_e.asp
 
EUR/USD 1.1645. EUR stalled near 1.1745 itself instead of minimum 1.1775 expected yesterday. Short term corrective dips to 1.1600 or 1.1575 are possible while below 1.1685. After this correction EUR should resume its uptrend towards 1.1775/1.1825.

USD/CHF 1.2979. The suggested fall to 1.2840 materialized. Now short term advance to 1.3050 or 1.3115 is possible while 1.2935/30 lends support.

USD/JPY 117.55. Resistance near 117.75/80 is so far containing the Dollar’s advances. Indicators in short term pictures hint at limited upside potential in the short term up to 117.85/118.05. Supports are at 117.25 & 116.90.

GBP/USD 1.6343. Short term decline to 1.6300/1.6280 is possible. Resistances are at 1.6385 & 1.6405.

EUR/CHF 1.5117. EUR is expected to trade in 1.5050-1.5150 range for some time.

EUR/JPY 136.86. Having met one minimum target near 137.50, EUR may consolidate between 136.00 & 137.50 for a while before resuming the uptrend above 138.00.

EUR/GBP 0.7120. No change in view. EUR should grind higher to 0.7215/25 after some consolidation. Supports are at 0.7100 & 0.7080.

AUD/USD 0.6561. Basically no change in view. Test of 0.6625/30 is still expected. Supports are at 0.6520 & 0.6495.

USD/CAD 1.3565. Short term rise to 1.3625/35 is anticipated. Support is at 1.3530/15.
 
EUR/USD 1.1680. EUR‘s short term dip stopped above 1.1615 yesterday & it has entered into range trading between 1.1600 & 1.1745, which is likely to continue for a while. Suggest to play this range & wait for more clues. After this corrective/consolidative phase is over, EUR should attain new highs near 1.1805/25.

USD/CHF 1.2970. The suggested short term advance stalled near 1.3025 instead of 1.3050 minimum indicated. Like against EUR, Dollar is likely to move in the range 1.2860 – 1.3050 for a while.


USD/JPY 117.30. Resistance near 117.75/80 is so far containing the Dollar’s advances. Nothing much to add today. Dollar is in a range between 116.90 & 117.80 & break on either side will entail test of 116.50/35 & 118.15/35 respectively.

GBP/USD 1.6323. Short term decline to 1.6300 materialized. dips may be utilized to establish long positions with stop below 1.6210 or 1.6190 for rally to 1.6550/65 or 1.6615/20. Minor support is at 1.6260.

EUR/CHF 1.5149. EUR is trading near the upper end of the range. Sustained break of 1.5150/60 will help EUR test 1.5205/15.

EUR/JPY 137.00. No change in view. Having met one minimum target near 137.50, EUR may consolidate between 136.00 & 137.50 for a while before resuming the uptrend towards 138.45/50.

EUR/GBP 0.7148. No change in view. EUR should grind higher to 0.7205/15. Supports are at 0.7100 & 0.7080.

AUD/USD 0.6556. Basically no change in view. Test of 0.6625/30 is still expected. Supports are at 0.6520 & 0.6495.

USD/CAD 1.3728. The rather strong rally should put Dollar on track towards 1.3845/65 now. Supports are at 1.3655 & 1.3625.
 
EUR/USD.. .1.1815. EUR' correction is muted is now on course to 1.1895/1.1905 above which 1.1970/1.2025 also are possible targets. Supports are at 1.1730/1.1615.

USD/CHF.. 1.2900. Dollar should target 1.2775/45 now. Resistances are at 1.3115, 1.3275 & 1.3375.

USD/JPY..116.80. No change in view.Dollar is getting bottomish against Yen. However, one more dip to 114.65/35 cannot be ruled out while below 117.75/118.25.

GBP/USD..1.6395.Cable can try 1.6555/1.6515 or 1.6655..Supports are at 1.6120 & 1.6050/00.

Regards.
 
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