AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Oct 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 19 Oct 2022 03:00GMT

EUR/USD - 0.9855
Although euro's decline from 0.9999 (Oct high) to as low as 0.9632 (Thur) last week signals correction from Sep's 2-decade trough at 0.9537 has ended, subsequent bounce to 0.9808 (Fri), then Tue's gain to 0.9875 (New York) would yield further 'choppy' swings before another fall and below 0.9808 would yield further weakness towards 0.9770.

On the upside, a daily close above 0.9926 would bring stronger retracement to 0.9980/90.

Data to be released on Wednesday:
Australia Westpac leading index, China house prices.
U.K. CPI, RPI, PPI input prices, PPI output prices, EU construction output, HICP, U.S. MBA mortgage application, building permits, housing starts, Canada CPI and producer prices.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 20: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 20 Oct 2022 03:00GMT

EUR/USD - 0.9767
Although euro's decline from 0.9999 (Oct high) to as low as 0.9632 (Thur) last week signals correction from Sep's 2-decade trough at 0.9537 has ended, subsequent gain to 0.9875 (Tue) would prolong choppy swings, yesterday's fall to 0.9758 would head towards 0.9708, break, 0.9665/70.

On the upside, only a daily close above 0.9808/13 would risk stronger gain to 0.9852, possibly 0.9875.

Data to released on Thursday:
Japan exports, imports, trade balance, Australia employment change, unemployment rate.
Germany producer prices, Swiss exports, imports, trade balance, France business climate, EU current account.
U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, existing home sales and leading index.

 

[acetraderfx]

AceTraderFx Oct 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 21 Oct 2022 03:00GMT

EUR/USD - 0.9774
Although euro's rise from last week's 0.9632 low to 0.9875 (Tuesday) suggests further 'volatile' swings above September's fresh 2-decade trough at 0.9537 would continue, retreat to 0.9755 (Asia) Thursday signals downside bias remains and yesterday's retreat from 0.9845 (New York) would re-test 0.9755, break, 0.9721/25.

On the upside, only a daily close above 0.9845 would risk stronger gain to 0.9865/75.

Data to be released on Friday:
New Zealand imports, trade balance, exports, U.K. Gfk consumer confidence, Japan nationwide CPI, U.K. PSNB, PSNCR, retail sales, Canada new housing price index, retail sales and EU consumer confidence.

 

[acetraderfx]

AceTraderFx Oct 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 24 Oct 2022 03:00GMT

EUR/USD - 0.9850
Euro's rise form October's 0.9632 trough to 0.9875 last Tuesday suggests further 'volatile' swings above September's 2-decade trough at 0.9537 would continue, as price has rallied to 0.9868 (New York) after weakness to 0.9705 on Friday and intra-day break there would extend said upmove towards 0.9926 but reckon 0.9960 should hold and yield retreat.

On the downside, only below 0.9802 would risk weakness to 0.9755/60 later

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 25: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 25 Oct 2022 03:00GMT

EUR/USD - 0.9884
Euro's rise from Oct's 0.9632 trough to 0.9875 last Tue suggests further volatile swings above Sep's 2-decade trough at 0.9537 would continue, Fri's rally from 0.9705 and then yesterday's brief break of 0.9875 resistance to 0.9899 has retained daily bullishness but 0.9960 should remain intact.

On the downside, only a daily close below 0.9808 would risk further weakness towards 0.9755.

Data to be released on Tuesday:
Germany Ifo business climate, Ifo current conditions, Ifo expectations, U.K. CBI trends orders.
U.S. redbook, monthly home price, consumer confidence and Richmond Fed manufacturing

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 26 Oct 2022 03:00GMT

EUR/USD - 0.9957
Euro's rise from Oct's 0.9632 trough to 0.9875 last Tue suggests further 'volatile' swings above Sep's 2-decade trough at 0.9537 would continue, yesterday's break of 0.9899 to 0.9976 would re-test 0.9999, above extends said upmove from 0.9537 towards 1.0050 objective later.

On the downside, only a daily close below 0.9899 would indicate a temporary top made and risk weakness towards 0.9849, then 0.9808.

Data to be released on Wednesday:
Australia CPI, Japan leading indicator, coincident index.
France consumer confidence, Italy trade balance, Swiss investor sentiment.
U.S. MBA mortgage application, building permits, goods trade balance, wholesale inventories, new home sales and Canada BOC rate decision.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 27: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 27 Oct 2022 03:00GMT

EUR/USD - 1.0083
Euro's rally above key resistance at 0.9999 yesterday to 1.0088 on usd's weakness signals rise from Sep's 2-decade 0.9537 to retrace long term downtrend remains in force and stronger gain to 1.0150/60 would be seen but reckon 1.0197 resistance should remain intact and yield retreat.

On the downside, only a daily close below 0.9999 may risk retracement towards 0.9944 before rebound.

Data to be released on Thursday :
Australia export prices, import prices, Germany Gfk consumer sentiment, Italy consumer confidence, industrial sales, U.K. CBI distributive trades, EU ECB refinancing rate, ECB deposit rate, U.S. durable goods, durables ex-transport, durables ex-defense, GDP, core PCE prices, initial jobless claims, continuing jobless claims, KC Fed manufacturing and Canada average weekly earnings.