Insider's to Forex Trading Secrets

EUR/USD Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:47:33 +0000

EURUSD is still bounded in tight range below 1.3223 and intraday bias remains neutral. On the upside, sustained break of 38.2% retracement of 1.4246 to 1.2625 at 1.3244 will resume the rebound from 1.2625 and target 61.8% retracement at 1.3627. On the downside, break of 1.2931 minor support will suggest

EUR/USD Daily Outlook is a post from: Insider's to Forex Trading Secrets

GBP/USD Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:42:22 +0000

GBP/USD is still bounded in tight range below 1.5882 temporary top and more consolidation might be seen. But again, near term outlook remains cautiously bullish with 1.5641 cluster support intact (38.2% retracement of 1.5234 to 1.5882). Above 1.5882 will target a test on 1.6165 key cluster resistance (61.8% retracement of

GBP/USD Daily Outlook is a post from: Insider's to Forex Trading Secrets

USD/CHF Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:36:50 +0000

USD/CHF’s choppy sideway trading from 0.9114 is still in progress and more consolidation could be seen. Again, even in case of another rise, we’d expect upside to be limited by 38.2% retracement of 0.9594 to 0.9114 at 0.9297 and bring fall resumption. As noted before, considering bearish divergence condition in

USD/CHF Daily Outlook is a post from: Insider's to Forex Trading Secrets

USD/JPY Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:34:40 +0000

USD/JPY’s recovery from 76.02 temporary low might extend higher towards 55 days EMA (now at 77.09). Nonetheless, near term outlook remains bearish as long as 78.28 resistance holds. Whole decline from 79.52 is still in progress. Below 76.02 will resume such fall for a test on 75.56 low.

USD/JPY Daily Outlook is a post from: Insider's to Forex Trading Secrets

AUD/USD Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:20:52 +0000

AUD/USD’s rally resumes after brief consolidation and reaches as high as 1.0813 so far today. Intraday bias is back on the upside. As noted before, prior break of 1.0752 serves as the first signal that consolidation pattern from 1.1079 is finished at 0.9663 and the larger up trend might be

AUD/USD Daily Outlook is a post from: Insider's to Forex Trading Secrets

USD/CAD Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 07:15:39 +0000

USD/CAD’s choppy fall from 1.0319 is still in progress and current decline is expected to continue to 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9763. On the upside, however, note that break of 1.0070 will indicate

USD/CAD Daily Outlook is a post from: Insider's to Forex Trading Secrets

European Session: Orders and Options Watch

Action Insight (All Reports) — Tue, 07 Feb 2012 07:04:02 +0000

GBP: The British pound also rebounded in New York in tandem with euro and aussie but offers from funds and UK clearer capped the pair at 1.5841 and more selling interests from same names are noted at 1.5860-70 with stops building up above there and also 1.5890-00. On the downside,

European Session: Orders and Options Watch is a post from: Insider's to Forex Trading Secrets

GBP/JPY Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 06:30:20 +0000

GBP/JPY’s recovery from 119.58 is still in progress and intraday bias remains mildly on the upside for 122.04 resistance. Break will resume rebound from 117.29 for 122.76 first. Also, as noted before, rise from 117.29 is viewed as the third leg of the consolidation pattern from 116.83. Break of 122.76

GBP/JPY Daily Outlook is a post from: Insider's to Forex Trading Secrets

EUR/JPY Daily Outlook

Action Insight (All Reports) — Tue, 07 Feb 2012 06:23:48 +0000

EUR/JPY is still bounded in range of 99.13/100.88 and intraday bias remains neutral. As noted before, above 100.88 minor resistance will indicate that retreat from 102.20 has finished. In such case, intraday bias should be flipped back to the upside to extend the rebound from 97.03 through 102.20 resistance towards

EUR/JPY Daily Outlook is a post from: Insider's to Forex Trading Secrets

Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece

Action Insight (All Reports) — Tue, 07 Feb 2012 06:19:21 +0000

Aussie jumps sharply today and hit new record high against Euro after RBA unexpected left rates unchanged at 4.25%. The RBA unexpectedly left the cash rate unchanged at 4.25% in February, in contrast with consensus of a rate cut by -25 bps. The decision, in spite of growing uncertainty in

Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece is a post from: Insider's to Forex Trading Secrets