Forex Forecast

USD-JPY Daily Outlook

2009-12-15T17:12:00.002+07:00

USD/JPY : +89.00+

Last Update At 15 Dec 2009 08:24 GMT

Dlr's intra-day cross-inspired rebound to 89.01
suggests the early retreat fm 89.81 (Friday) has
ended y'day at 88.32 n consolidation with 'upside
bias' remains for gain twd daily target at 89.30
after consolidation but said res shud hold fm here.

Incline to raise long entry for 89.10 n only
below 88.59 (Aust.) wud risk re-test of 88.32.

Range Forecast
+89.00 / 89.30+

Resistance/Support
R: 89.32/89.81/90.11
S: 88.59/88.32/87.90

EUR-USD Daily Outlook

2009-12-14T19:19:00.000+07:00

INTRADAY TRADING SIGNAL EUR/USD

EUR/USD: +1.4645+

Last Update 14 Dec 2009 01:30 GMT

Although euro's selloff in Friday's NY session
to 1.4586 confirms recent decline has resumed, sub-
sequent rebound suggests initial consolidation is
in store, as long as 1.4665 (prev. sup) holds, down
side bias remains for re-test of 1.4586, 1.4550/60.

Incline to sell on recovery for this move n only
abv 1.4690/00 signals a temporary low is formed.

Range Forecast
+1.4615 / 1.4645+

Resistance/Support
R: 1.4665/1.4728/1.4783
S: 1.4600/1.4586/1.4545

Forex Market Outlook Intraday GBP-USD

2009-12-14T19:17:00.000+07:00

INTRA-DAY GBP/USD:1.6216

Last Update At 14 Dec 2009 02:37 GMT

Cable's intra-day choppy trading abv Friday's NY
low at 1.6196 is likely to continue n only breach
of 1.6255 (Aust.) wud indicate price remains inside
near term broad range of 1.6156-1.6377, yield gain
to 1.6270/75 n then 1.6295/00.

Stand aside n look to sell for day trade as be-
low 1.6196 is needed to yield re-test of 1.6167.

Range Forecast
1.6205 / 1.6235

Resistance/Support
R: 1.6270/1.6339/1.6377
S: 1.6196/1.6167/1.6127

Intraday Trading Signal USD-JPY

2009-12-14T19:15:00.000+07:00

USD/JPY : 88.55

Last Update At 14 Dec 2009 08:02 GMT

Despite dlr's cross-inspired retreat fm 89.00,

as long as sup at 88.36 holds, consolidation with

upside bias wud be seen for another rebound to said

res but break needed to confirm an intra-day low is

made n bring gain to 89.32/41.

Buy on dips with stop as indicated, break wud

risk stronger retrace. to 87.90/00...

Range Forecast
88.45 / 88.80

Resistance/Support
R: 89.00/89.32/89.81

S: 88.36/87.90/87.73

December 14th USD-JPY Daily Outlook

2009-12-14T19:01:00.000+07:00

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 88.55

Last Update At 14 Dec 2009 08:02 GMT

Despite dlr's cross-inspired retreat fm 89.00,
as long as sup at 88.36 holds, consolidation with
upside bias wud be seen for another rebound to said
res but break needed to confirm an intra-day low is
made n bring gain to 89.32/41.

Buy on dips with stop as indicated, break wud
risk stronger retrace. to 87.90/00...

Range Forecast
88.45 / 88.80

Resistance/Support
R: 89.00/89.32/89.81
S: 88.36/87.90/87.73

December 14th Analysis for USD-CAD

2009-12-14T11:36:00.001+07:00

Daily Bullish
I feel we have probably seen the corrective low at 1.0573 but also note the 1.0535-40 pivot support. While these areas hold I shall be looking for extension to the 1.0540-46 area (max 1.0662) but expect a second correction from there but this should remain above the 1.0600-20 support. That should provide a launch pad for gains through the 1.0640-62 area which should then push up to the 1.0734-43 resistance. Take care here as I feel the risk of another temporary cap is high here. Note next resistance at 1.0761 and then 1.0815 followed by 1.0908.

Medium Term Bullish
14th December: The gains seen on Friday are encouraging and while the 1.0535-73 area supports I shall be expecting gains to 1.0734-43 at least. However, overall I see further resistance at 1.0911 and 1.1027 that should be watched carefully.

Daily Bearish
I feel the downside risk has receded and thus we should be aware of the resistance points which could provide corrections. The first is at 1.0640-62 and the second at 1.0734-43. Thus look for bearish set ups to confirm these resistance points. However, any stronger bearish stance will require a break below 1.0535-40 - only then would it imply a move back lower into the recent range to 1.0478 at least and potentially the 1.0405-35 area.

Medium Term Bearish
7th December: So far we've not seen any attempt to break below the 1.0405 low and this still remains as the key support to generate any further follow-through lower.