GBP / USD
28 August 2007 14:07:00
price ; 2.0040
Expected Range : 2.0191 - 1.9955
Support : 1.9978 / 1.9955 / 1.9741
Resistance : 2.0138 / 2.0191 / 2.0257
Recommendation : sell 2.0020, SL 2.0070, TP 1.9970
EUR/USD
28 August 2007 14:27:30
price ; 1.3635
Expected Range : 1.3683 - 1.3550
Support : 1.3618 / 1.3550 / 1.3449
Resistance : 1.3659 / 1.3683 / 1.3707
Recommendation : sell 1.3615, SL 1.3665, TP 1.3565
USD / JPY
28 August 2007 14:58:55
price ; 115.52
Expected Range : 117.13 - 113.99
Support : 115.33 / 113.99 / 111.58
Resistance : 116.24 / 117.13 / 117.58
Recommendation : sell 115.30, SL 115.80, TP 114.80
buy 117.15, SL 116.65, TP 117.65
USD/CHF
28 August 2007 15:18:29
price ; 1.2007
Expected Range : 1.2110 - 1.1992
Support : 1.1992 / 1.1929 / 1.1893
Resistance : 1.2046 / 1.2077 / 1.2110
Recommendation : sell 1.1990, SL 1.2040, TP 1.1940
buy 1.2050, SL 1.2000, TP 1.2100
FOREX SYGNALS SYSTEM
Tuesday, August 28, 2007
OUR RECOMMENDATION
GBP / USD
28 August 2007 05:48:31
Closed:2.0122
Expected Range : 2.0050 - 2.0220
Support : 2.0084 / 2.0017 / 1.9970
Resistance : 2.0152 / 2.0217 / 2.0242
Recommendation : Sell 2.0159 TP 2.0085 SL 2.0200
Buy 2.0080 TP 2.0175 SL 2.0050
EUR/USD
28 August 2007 05:47:39
Closed:1.3644
Expected Range : 1.3576 - 1.3750
Support : 1.3609 / 1.3565 / 1.3537
Resistance : 1.3682 / 1.3708 / 1.3773
Recommendation : Sell 1.3693 TP 1.3635 SL 1.3715
Buy 1.3590 TP 1.3678 SL 1.3550
USD / JPY
28 August 2007 05:48:04
Closed:115.92
Expected Range : 115.52 - 117.15
Support : 115.89 / 115.55 / 114.81
Resistance : 116.52 / 116.74 / 117.20
Recommendation : Buy 116.50 TP 116.93 SL 116.00
Sell 116.96 TP 115.90 SL 117.20
USD/CHF
28 August 2007 05:48:55
Closed:1.2030
Expected Range : 1.1950 - 1.2105
Support : 1.1998 / 1.1981 / 1.1906
Resistance : 1.2047 / 1.2092 / 1.2110
Recommendation : Buy 1.1990 TP 1.2080 SL 1.1950
Sell 1.2050 TP 1.1986 SL 1.2100
28 August 2007 05:48:31
Closed:2.0122
Expected Range : 2.0050 - 2.0220
Support : 2.0084 / 2.0017 / 1.9970
Resistance : 2.0152 / 2.0217 / 2.0242
Recommendation : Sell 2.0159 TP 2.0085 SL 2.0200
Buy 2.0080 TP 2.0175 SL 2.0050
EUR/USD
28 August 2007 05:47:39
Closed:1.3644
Expected Range : 1.3576 - 1.3750
Support : 1.3609 / 1.3565 / 1.3537
Resistance : 1.3682 / 1.3708 / 1.3773
Recommendation : Sell 1.3693 TP 1.3635 SL 1.3715
Buy 1.3590 TP 1.3678 SL 1.3550
USD / JPY
28 August 2007 05:48:04
Closed:115.92
Expected Range : 115.52 - 117.15
Support : 115.89 / 115.55 / 114.81
Resistance : 116.52 / 116.74 / 117.20
Recommendation : Buy 116.50 TP 116.93 SL 116.00
Sell 116.96 TP 115.90 SL 117.20
USD/CHF
28 August 2007 05:48:55
Closed:1.2030
Expected Range : 1.1950 - 1.2105
Support : 1.1998 / 1.1981 / 1.1906
Resistance : 1.2047 / 1.2092 / 1.2110
Recommendation : Buy 1.1990 TP 1.2080 SL 1.1950
Sell 1.2050 TP 1.1986 SL 1.2100
Friday, August 24, 2007
OUR RECOMMENDATION
GBP / USD
24 August 2007 13:52:55
price ; 2.0005
Expected Range : 2.0155 - 1.9741
Support : 1.9935 / 1.9741 / 1.9651
Resistance : 2.0092 / 2.0155 / 2.0268
Recommendation : sell 1.9995-2.0000, SL 2.0050, TP 1.9945
EUR/USD
24 August 2007 14:09:48
price ; 1.3557
Expected Range : 1.3610 - 1.3449
Support : 1.3534 / 1.3449 / 1.3359
Resistance : 1.3595 / 1.3610 / 1.3641
Recommendation : sell 1.3530, SL 1.3580, TP 1.3480
USD / JPY
24 August 2007 14:29:44
price ; 115.77
Expected Range : 117.13 - 113.99
Support : 114.80 / 113.99 / 111.58
Resistance : 117.13 / 117.58 / 118.51
Recommendation : sell 115.50, SL 116.00, TP 115.00
USD/CHF
24 August 2007 14:45:53
price ; 1.2053
Expected Range : 1.2110 - 1.1994
Support : 1.2041 / 1.1994 / 1.1929
Resistance : 1.2110 / 1.2131 / 1.2214
Recommendation : sell 1.2040, SL 1.2090, TP 1.1990
buy 1.1990-95, SL 1.1940, TP 1.2040
24 August 2007 13:52:55
price ; 2.0005
Expected Range : 2.0155 - 1.9741
Support : 1.9935 / 1.9741 / 1.9651
Resistance : 2.0092 / 2.0155 / 2.0268
Recommendation : sell 1.9995-2.0000, SL 2.0050, TP 1.9945
EUR/USD
24 August 2007 14:09:48
price ; 1.3557
Expected Range : 1.3610 - 1.3449
Support : 1.3534 / 1.3449 / 1.3359
Resistance : 1.3595 / 1.3610 / 1.3641
Recommendation : sell 1.3530, SL 1.3580, TP 1.3480
USD / JPY
24 August 2007 14:29:44
price ; 115.77
Expected Range : 117.13 - 113.99
Support : 114.80 / 113.99 / 111.58
Resistance : 117.13 / 117.58 / 118.51
Recommendation : sell 115.50, SL 116.00, TP 115.00
USD/CHF
24 August 2007 14:45:53
price ; 1.2053
Expected Range : 1.2110 - 1.1994
Support : 1.2041 / 1.1994 / 1.1929
Resistance : 1.2110 / 1.2131 / 1.2214
Recommendation : sell 1.2040, SL 1.2090, TP 1.1990
buy 1.1990-95, SL 1.1940, TP 1.2040
Wednesday, August 22, 2007
OUR RECOMMENDATION
GBP / USD
22 August 2007 13:48:02
price ; 1.9842
Expected Range : 1.9935 - 1.9651
Support : 1.9741 / 1.9651 / 1.9544
Resistance : 1.9906 / 1.9935 / 2.0027
Recommendation : sell 1.9935, SL 1.9985, TP 1.9885
sell 1.9800, SL 1.9850, TP 1.9750
EUR/USD
22 August 2007 14:19:05
price ; 1.3488
Expected Range : 1.3546 / 1.3359
Support : 1.3449 / 1.3359 / 1.3275
Resistance : 1.3520 / 1.3546 / 1.3625
Recommendation : sell 1.3545-50, SL 1.3500, TP 1.3495
sell 1.3445, SL 1.3495, TP 1.3395
USD / JPY
22 August 2007 14:24:54
Expected Range : 115.69 - 112
Support : 113.99 / 112.77 / 111.58
Resistance : 115.69 / 116.73 / 117.15
22 August 2007 13:48:02
price ; 1.9842
Expected Range : 1.9935 - 1.9651
Support : 1.9741 / 1.9651 / 1.9544
Resistance : 1.9906 / 1.9935 / 2.0027
Recommendation : sell 1.9935, SL 1.9985, TP 1.9885
sell 1.9800, SL 1.9850, TP 1.9750
EUR/USD
22 August 2007 14:19:05
price ; 1.3488
Expected Range : 1.3546 / 1.3359
Support : 1.3449 / 1.3359 / 1.3275
Resistance : 1.3520 / 1.3546 / 1.3625
Recommendation : sell 1.3545-50, SL 1.3500, TP 1.3495
sell 1.3445, SL 1.3495, TP 1.3395
USD / JPY
22 August 2007 14:24:54
Expected Range : 115.69 - 112
Support : 113.99 / 112.77 / 111.58
Resistance : 115.69 / 116.73 / 117.15
Monday, August 20, 2007
Forex Daily Technical Report
The forex market is generally quiet as the week starts. Strong rebound is seen in Asian stock markets which is triggered by Fed's surprise discount rate cut last Friday. Yen crosses continues to rebound further but dollar majors continue to stuck in tight range only. As discussed before, the massive carry trade unwinding is not considered to be completed yet. Fed's discount rate cut, and even Fed Fund rate cut, could halt the current liquidation of riskier assets but the trend will likely continue. But still, with a light economic calendar, and probably support from further rebound in the stock markets, Forex markets will likely continue to consolidate today and this week first.
Data released overnight saw UK Rightmove house prices index rose 0.6% mom, 12.8% yoy. Swiss combined PPI rose 0.1% mom, 2.8% yoy, missing expectation of 0.3% mom, 2.9% yoy. US Leading indicators will be featured in the coming US session and is expected to rebound by rising 0.3% in Jul.
EUR/USD
Daily Pivots: (S1) 1.3381; (P) 1.3463; (R1) 1.3557; More
EUR/USD engages in choppy sideway trading in tight range below 1.3545 today. Intraday bias remains mildly on the upside as long as 1.3482 minor support holds and further rebound to 4 hours 55 EMA (now at 1.3567) could be seen. But upside is expected to be limited below 1.3642 support turned resistance. Below 1.3431 minor support will turn intraday bias back to the downside for 1.3360 low and then a retest of 1.3328/29 cluster support.
In the bigger picture, rise from 1.2483 has completed at 1.3851 already, with bearish divergence conditions in daily MACD and RSI. The current development is reviving the case that whole up trend from 1.1639 (05 low) has completed after three waves up to 1.3851. That is, first move completed at 1.2978, subsequent consolidation completed at 1.2483 and rise from 1.3483 ended with five waves up to 1.3851. Also, 100% projection of 1.1639 to 1.2978 from 1.2483 at 1.3822 is just met.
Having said that, sustained break of 1.3328/29 cluster support (38.2% of 1.2483 to 1.3851 at 1.3328 and 23.6% retracement of 1.1639 to 1.3851 at 1.3329) will add much credence to such case. The current fall from 1.3851 is not expected to stop here and instead it's expected to extend further to support zone between 1.2978 (medium term resistance turned support) and above mentioned 1.3006 cluster support (61.8% of 1.2483 to 1.3851 at 1.3006 and 38.2% retracement of 1.1639 to 1.3851 at 1.3006) before turning into lengthier consolidation. However strong rebound from 1.3328/29 cluster support and a break above 1.3642 will dampen the above view.
GBP/USD
Daily Pivots: (S1) 1.9663; (P) 1.9799; (R1) 1.9947; More
Cable continues to consolidate in tight range below 1.9935 today. At this point, intraday bias remains mildly on the upside as long as 1.9737 minor support holds. Further recovery could be seen towards 4 hours 55 EMA (now at 2.0025). But upside should be limited below 2.0156 support turned resistance and bring another fall. Below 1.9737 will bring a test of 1.952 low and probably 1.9621 support too.
In the bigger picture, break of rising trend line support (1.9183, 1.9621) indicates that a medium term top should be in place at 2.0652 already, after failing to break through important 2.0677 target (61.8% projection of 1.3680 (01 low) to 1.9554 (05 high) from 1.7047 (05 low) at 2.0677). Bearish divergence condition is seen in both daily and weekly MACD too. Initial support could be found at between 55 weeks EMA (now at 1.9524) and 1.9621 low. However, sustained trading below this level will encourage add more credence to the case that whole up rally from 1.7047 has completed too and bring deeper decline to next support zone of 1.9183 and 38.2% retracement of 1.7047 to 2.0652 at 1.9275 first. Meanwhile, a break above 2.0156 support turned resistance will dampen the above view.
Also, note that regardless of the internal structure, the whole rally from 1.7047 represents resumption of the long term up trend from 1.3680. Even though much deeper correction could be seen, the trend will still remain intact as long as long term rising trend line support (1.3680, 1.7047, now at 1.8327) holds.
Data released overnight saw UK Rightmove house prices index rose 0.6% mom, 12.8% yoy. Swiss combined PPI rose 0.1% mom, 2.8% yoy, missing expectation of 0.3% mom, 2.9% yoy. US Leading indicators will be featured in the coming US session and is expected to rebound by rising 0.3% in Jul.
EUR/USD
Daily Pivots: (S1) 1.3381; (P) 1.3463; (R1) 1.3557; More
EUR/USD engages in choppy sideway trading in tight range below 1.3545 today. Intraday bias remains mildly on the upside as long as 1.3482 minor support holds and further rebound to 4 hours 55 EMA (now at 1.3567) could be seen. But upside is expected to be limited below 1.3642 support turned resistance. Below 1.3431 minor support will turn intraday bias back to the downside for 1.3360 low and then a retest of 1.3328/29 cluster support.
In the bigger picture, rise from 1.2483 has completed at 1.3851 already, with bearish divergence conditions in daily MACD and RSI. The current development is reviving the case that whole up trend from 1.1639 (05 low) has completed after three waves up to 1.3851. That is, first move completed at 1.2978, subsequent consolidation completed at 1.2483 and rise from 1.3483 ended with five waves up to 1.3851. Also, 100% projection of 1.1639 to 1.2978 from 1.2483 at 1.3822 is just met.
Having said that, sustained break of 1.3328/29 cluster support (38.2% of 1.2483 to 1.3851 at 1.3328 and 23.6% retracement of 1.1639 to 1.3851 at 1.3329) will add much credence to such case. The current fall from 1.3851 is not expected to stop here and instead it's expected to extend further to support zone between 1.2978 (medium term resistance turned support) and above mentioned 1.3006 cluster support (61.8% of 1.2483 to 1.3851 at 1.3006 and 38.2% retracement of 1.1639 to 1.3851 at 1.3006) before turning into lengthier consolidation. However strong rebound from 1.3328/29 cluster support and a break above 1.3642 will dampen the above view.
GBP/USD
Daily Pivots: (S1) 1.9663; (P) 1.9799; (R1) 1.9947; More
Cable continues to consolidate in tight range below 1.9935 today. At this point, intraday bias remains mildly on the upside as long as 1.9737 minor support holds. Further recovery could be seen towards 4 hours 55 EMA (now at 2.0025). But upside should be limited below 2.0156 support turned resistance and bring another fall. Below 1.9737 will bring a test of 1.952 low and probably 1.9621 support too.
In the bigger picture, break of rising trend line support (1.9183, 1.9621) indicates that a medium term top should be in place at 2.0652 already, after failing to break through important 2.0677 target (61.8% projection of 1.3680 (01 low) to 1.9554 (05 high) from 1.7047 (05 low) at 2.0677). Bearish divergence condition is seen in both daily and weekly MACD too. Initial support could be found at between 55 weeks EMA (now at 1.9524) and 1.9621 low. However, sustained trading below this level will encourage add more credence to the case that whole up rally from 1.7047 has completed too and bring deeper decline to next support zone of 1.9183 and 38.2% retracement of 1.7047 to 2.0652 at 1.9275 first. Meanwhile, a break above 2.0156 support turned resistance will dampen the above view.
Also, note that regardless of the internal structure, the whole rally from 1.7047 represents resumption of the long term up trend from 1.3680. Even though much deeper correction could be seen, the trend will still remain intact as long as long term rising trend line support (1.3680, 1.7047, now at 1.8327) holds.
OUR RECOMMENDATION
GBP / USD
20 August 2007 14:03:09
price ; 1.9849
Expected Range : 1.9935 - 1.9600
Support : 1.9770 / 1.9651 / 1.9544
Resistance : 1.9935 / 2.0027 / 2.0083
Recommendation : sell 1.9765, SL 1.9815, TP 1.9715
sell 1.9930-35, SL 1.9980, TP 1.9880
EUR/USD
20 August 2007 14:23:40
price ; 1.3489
Expected Range : 1.3546 - 1.3359
Support : 1.3465 / 1.3359 / 1.3263
Resistance : 1.3546 / 1.3625 / 1.3714
Recommendation : sell 1.3460, SL 1.3510, TP 1.3410
sell 1.3540-45, SL 1.3590, TP 1.3490
USD / JPY
20 August 2007 15:00:33
price ; 115.33
Expected Range : 115.69 - 111.58
Support : 113.67 / 111.58 / 108.98
Resistance : 115.69 / 117.58 / 118.51
Recommendation : sell 115.65, SL 116.15, TP 115.15
sell 113.65, SL 114.15, TP 113.15
20 August 2007 14:03:09
price ; 1.9849
Expected Range : 1.9935 - 1.9600
Support : 1.9770 / 1.9651 / 1.9544
Resistance : 1.9935 / 2.0027 / 2.0083
Recommendation : sell 1.9765, SL 1.9815, TP 1.9715
sell 1.9930-35, SL 1.9980, TP 1.9880
EUR/USD
20 August 2007 14:23:40
price ; 1.3489
Expected Range : 1.3546 - 1.3359
Support : 1.3465 / 1.3359 / 1.3263
Resistance : 1.3546 / 1.3625 / 1.3714
Recommendation : sell 1.3460, SL 1.3510, TP 1.3410
sell 1.3540-45, SL 1.3590, TP 1.3490
USD / JPY
20 August 2007 15:00:33
price ; 115.33
Expected Range : 115.69 - 111.58
Support : 113.67 / 111.58 / 108.98
Resistance : 115.69 / 117.58 / 118.51
Recommendation : sell 115.65, SL 116.15, TP 115.15
sell 113.65, SL 114.15, TP 113.15
Thursday, August 16, 2007
OUR RECOMMENDATION
USD/CHF
16 August 2007 03:50:39
Closed:1.2185
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 69 (Neutral). Stochastic 73 (Down-Side). Daily menunjukkan kondisi Trend Bullish, dilihat dari grafik Intraday menunjukkan Strong Bullish.
Key Resistance di level 1.2208, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2259. Key Support di level 1.2150. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.
Expected Range : 1.2096 - 1.2250
Support : 1.2150 / 1.2096 / 1.2052
Resistance : 1.2208/ 1.2259 / 1.2306
Recommendation : buy 1.2155, TP 1.2208 SL 1.2105
Sell 1.2198 TP 1.2146 SL 1.2220
16 August 2007 03:50:39
Closed:1.2185
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 69 (Neutral). Stochastic 73 (Down-Side). Daily menunjukkan kondisi Trend Bullish, dilihat dari grafik Intraday menunjukkan Strong Bullish.
Key Resistance di level 1.2208, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2259. Key Support di level 1.2150. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.
Expected Range : 1.2096 - 1.2250
Support : 1.2150 / 1.2096 / 1.2052
Resistance : 1.2208/ 1.2259 / 1.2306
Recommendation : buy 1.2155, TP 1.2208 SL 1.2105
Sell 1.2198 TP 1.2146 SL 1.2220
OUR RECOMMENDATION
USD / JPY
16 August 2007 14:39:10
price ; 116.07
USD/JPY melanjutkan trend turunya setelah membentuk rebound ke 117.58 hingga mencapai harga low 115.69. Target turun berikutnya ada di 115.14. Sedangkan jika hari ini USD/JPY berhasil bertahan di support 115.69 maka akan membuka peluang konsolidasi menuju 116.73 dan 117.58.
Expected Range : 117.58 - 115.14
Support : 115.69 / 115.14 / 114.43
Resistance : 116.73 / 117.58 / 118.51
Recommendation : buy 116.20, SL 115.70, TP 116.70
sell 116.70-75, SL 117.20, TP 116.20
16 August 2007 14:39:10
price ; 116.07
USD/JPY melanjutkan trend turunya setelah membentuk rebound ke 117.58 hingga mencapai harga low 115.69. Target turun berikutnya ada di 115.14. Sedangkan jika hari ini USD/JPY berhasil bertahan di support 115.69 maka akan membuka peluang konsolidasi menuju 116.73 dan 117.58.
Expected Range : 117.58 - 115.14
Support : 115.69 / 115.14 / 114.43
Resistance : 116.73 / 117.58 / 118.51
Recommendation : buy 116.20, SL 115.70, TP 116.70
sell 116.70-75, SL 117.20, TP 116.20
OUR RECOMMENDATION
GBP / USD
16 August 2007 13:44:42
price ; 1.9823
Sterling membentuk konfigurasi bearishnya setelah sempat rebound ke 1.9958 dan turun mencapai harga low di 1.9805. Pada level ini, penurunan lebih lanjut masih bisa diharapkan selama sterling bertahan di bawah resist 1.9958. Target support terdekat ada di 1.9781. Sedangkan jika hari ini sterling break di atas 1.9958 akan membawa sterling pada kondisi konsolidasi menuju 2.0027. Namun dengan melihat trend bearish yang sangat kuat, resiko untuk turun masih besar bahkan jika sterling melakukan rebound yang kuat ke 2.0156.
Expected Range : 2.0027 - 1.9781
Support : 1.9805 / 1.9781 / 1.9732
Resistance : 1.9958 / 2.0027 / 2.0071
Recommendation : buy 1.9785, SL 1.9735, TP 1.9835
sell 1.9910, SL 1.9960, TP 1.9860
EUR/USD
16 August 2007 14:20:23
price ; 1.3421
Trend turun euro dari 1.3839 terus berlanjut hingga melewati garis retrace 61.8% dari 1.3262 ke 1.3851 yang ada di 1.3487. Saat ini euro berada dalam range trading yang sempit di atas support 1.3373. Outlook untuk jangka pendek euro memasuki kondisi oversold. Break di atas 1.3436 akan membuka ruang konsolidasi ke 1.3504 dengan resiko masih turun.
Expected Range : 1.3504 - 1.3373
Support : 1.3407 / 1.3373 / 1.3307
Resistance : 1.3504 / 1.3573 / 1.3607
Recommendation : sell 1.3500-05, SL 1.3550, TP 1.3450
buy 1.3440, SL 1.3390, TP 1.3490
16 August 2007 13:44:42
price ; 1.9823
Sterling membentuk konfigurasi bearishnya setelah sempat rebound ke 1.9958 dan turun mencapai harga low di 1.9805. Pada level ini, penurunan lebih lanjut masih bisa diharapkan selama sterling bertahan di bawah resist 1.9958. Target support terdekat ada di 1.9781. Sedangkan jika hari ini sterling break di atas 1.9958 akan membawa sterling pada kondisi konsolidasi menuju 2.0027. Namun dengan melihat trend bearish yang sangat kuat, resiko untuk turun masih besar bahkan jika sterling melakukan rebound yang kuat ke 2.0156.
Expected Range : 2.0027 - 1.9781
Support : 1.9805 / 1.9781 / 1.9732
Resistance : 1.9958 / 2.0027 / 2.0071
Recommendation : buy 1.9785, SL 1.9735, TP 1.9835
sell 1.9910, SL 1.9960, TP 1.9860
EUR/USD
16 August 2007 14:20:23
price ; 1.3421
Trend turun euro dari 1.3839 terus berlanjut hingga melewati garis retrace 61.8% dari 1.3262 ke 1.3851 yang ada di 1.3487. Saat ini euro berada dalam range trading yang sempit di atas support 1.3373. Outlook untuk jangka pendek euro memasuki kondisi oversold. Break di atas 1.3436 akan membuka ruang konsolidasi ke 1.3504 dengan resiko masih turun.
Expected Range : 1.3504 - 1.3373
Support : 1.3407 / 1.3373 / 1.3307
Resistance : 1.3504 / 1.3573 / 1.3607
Recommendation : sell 1.3500-05, SL 1.3550, TP 1.3450
buy 1.3440, SL 1.3390, TP 1.3490
Tuesday, August 14, 2007
OUR RECOMMENDATION
GBP / USD
14 August 2007 05:33:30
Closed:2.0121
Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 36 (Down-Side). Stochastic 34 (Down-Side). Daily trend menunjukkan Konsolidasi, dilihat dari Grafik Intraday menunjukkan kondisi Bearish.
Key Resistance di level 2.0165 membuka peluang bagi pair ini untuk menyentuh ke level 2.0219. Key Support di level 2.0108. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0093, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.
Expected Range 2.0050 - 2.0235
Support 2.0108 / 2.0093 / 2.0050
Resistance 2.0165 / 2.0219 / 2.0252
Recommendation Sell 2.0182 TP 2.0094 TP 2.0220
Buy 2.0100 SL 2.0152 TP 2.0050
EUR/USD
14 August 2007 05:32:33
Closed:1.3609
Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 18 (Down-Side). Stochastic 9 (Down-Side). Daily trend menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan Sideway trading.
Key Resistance 1.3684 akan menstimulasi kenaikkan Euro jika berhasil break di atas Resistance kuat tersebut menuju level berikutnya. Key Support 1.3591 Momentum turun akan dimulai lagi jika Euro berhasil break dibawah Support kuat tsb untuk mencapai target Support dilevel 1.8550.
Expected Range 1.3550 - 1.3703
Support 1.3591 / 1.3550 / 1.3505
Resistance 1.3684 / 1.3724 / 1.3771
Recommendation Sell 1.3650 TP 1.3567 SL 1.3700
Buy 1.3580 TP 1.3646 SL 1.3550
USD / JPY
14 August 2007 05:33:03
Closed:118.24
Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 48 (Up-Side). Stochastic 44 (Down-Side). Daily trend menunjukkan trend Bearish, dilihat dari Grafik Intraday menunjukkan Sideway trading.
Key Resistance di level 118.53 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.20. Key Support di 118.08, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 117.84. Momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.
Expected Range 117.63 - 118.96
Support 118.08 / 117.84 / 117.52
Resistance 118.53 / 118.73 / 119.20
Recommendation Sell 118.50 TP 118.02 SL 119.00
Buy 118.00 TP 118.67 SL 117.50
USD/CHF
14 August 2007 05:34:08
Closed:1.2056
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 79 (Down-Side). Stochastic 88 (Down-Side). Daily trend menunjukkan Sideway trading, dilihat dari grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 1.2099, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2130. Key Support di level 1.2006. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.
Expected Range 1.1997 - 1.2150
Support 1.2006 / 1.1991 / 1.1959
Resistance 1.2099 / 1.2130 / 1.2193
Recommendation Buy 1.2020 TP 1.2098 SL 1.1996
Sell 1.2087 TP 1.2008 SL 1.2130
14 August 2007 05:33:30
Closed:2.0121
Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 36 (Down-Side). Stochastic 34 (Down-Side). Daily trend menunjukkan Konsolidasi, dilihat dari Grafik Intraday menunjukkan kondisi Bearish.
Key Resistance di level 2.0165 membuka peluang bagi pair ini untuk menyentuh ke level 2.0219. Key Support di level 2.0108. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0093, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.
Expected Range 2.0050 - 2.0235
Support 2.0108 / 2.0093 / 2.0050
Resistance 2.0165 / 2.0219 / 2.0252
Recommendation Sell 2.0182 TP 2.0094 TP 2.0220
Buy 2.0100 SL 2.0152 TP 2.0050
EUR/USD
14 August 2007 05:32:33
Closed:1.3609
Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 18 (Down-Side). Stochastic 9 (Down-Side). Daily trend menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan Sideway trading.
Key Resistance 1.3684 akan menstimulasi kenaikkan Euro jika berhasil break di atas Resistance kuat tersebut menuju level berikutnya. Key Support 1.3591 Momentum turun akan dimulai lagi jika Euro berhasil break dibawah Support kuat tsb untuk mencapai target Support dilevel 1.8550.
Expected Range 1.3550 - 1.3703
Support 1.3591 / 1.3550 / 1.3505
Resistance 1.3684 / 1.3724 / 1.3771
Recommendation Sell 1.3650 TP 1.3567 SL 1.3700
Buy 1.3580 TP 1.3646 SL 1.3550
USD / JPY
14 August 2007 05:33:03
Closed:118.24
Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 48 (Up-Side). Stochastic 44 (Down-Side). Daily trend menunjukkan trend Bearish, dilihat dari Grafik Intraday menunjukkan Sideway trading.
Key Resistance di level 118.53 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.20. Key Support di 118.08, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 117.84. Momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.
Expected Range 117.63 - 118.96
Support 118.08 / 117.84 / 117.52
Resistance 118.53 / 118.73 / 119.20
Recommendation Sell 118.50 TP 118.02 SL 119.00
Buy 118.00 TP 118.67 SL 117.50
USD/CHF
14 August 2007 05:34:08
Closed:1.2056
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 79 (Down-Side). Stochastic 88 (Down-Side). Daily trend menunjukkan Sideway trading, dilihat dari grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 1.2099, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2130. Key Support di level 1.2006. Momentum trend turun dimulai kembali jika Swiss Franc break di Support tersebut hingga mencapai key Support berikutnya.
Expected Range 1.1997 - 1.2150
Support 1.2006 / 1.1991 / 1.1959
Resistance 1.2099 / 1.2130 / 1.2193
Recommendation Buy 1.2020 TP 1.2098 SL 1.1996
Sell 1.2087 TP 1.2008 SL 1.2130
Thursday, August 9, 2007
OUR RECCOMENDATION
GBP / USD
9 August 2007 14:17:03
Price ; 2.0364
GBP/USD yang sempat turun ke 2.0156 diikuti dengan rebound yang kuat ke 2.0397 dan didukung dengan kondisi bullish divergen pada grafik hourly di indikator MACD dan RSI. Hal ini membuat outlook GBP/USD menjadi netral dengan kecenderungan konsolidasi di dalam range 2.0461 dan 2.0156. Volatilitas saat ini masih rendah. Break di bawah 2.0278 akan membawa fokus kembali pada harga low 2.0156. Sedangkan peluang rebound akan terbatas pada resist 2.0461.
Expected Range : 2.0461 - 2.0156
Support : 2.0278 / 2.0156 / 2.0056
Resistance : 2.0397 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0400, SL 2.0350, TP 2.0450
EUR/USD
9 August 2007 14:31:06
Price ; 1.3780
Penurunan euro yang terjadi ke level 1.3721 diikuti dengan rebound yang kuat hingga 1.3825. Swing yang terjadi kemarin seakan ingin mencoba menembus kembali harga high 1.3851, namun euro akan berhadapan dengan resist kuat 1.3839. Outlook masih bias untuk konsolidasi di dalam range 1.3839 dan 1.3725 dengan kecenderungan turun kembali selama resist 1.3839 mampu bertahan.
Expected Range : 1.3839 - 1.3683
Support : 1.3725 / 1.3683 / 1.3637
Resistance : 1.3817 / 1.3839 / 1.3851
Recommendation : sell on rally 1.3770-80, SL 1.3820, TP 1.2720
USD / JPY
9 August 2007 14:40:18
Price ; 119.04
Sepeti yang disampaikan kemarin, meskipun USD/JPY berhasil melanjutkan reboundnya dari harga low 117.18, namun USD/JPY masih beresiko untuk turun kembali di kisaran resist 119.80. Break di bawah 118.70 akan membawa USD/JPY kembali fokus pada harga low 117.18. Sebaliknya USD/JPY akan melakukan konsolidasi di dalam range 119.80 dan 117.18.
Expected Range : 119.80 - 117.18
Support : 118.70 / 117.97 / 117.18
Resistance : 119.82 / 120.73 / 120.95
Recommendation : sell on rally 119.00-10, SL 119.50, TP 118.50
USD/CHF
9 August 2007 14:59:17
Price ; 1.1943
USD/CHF masih konsolidasi di atas harga low 1.1815 dan resist 1.1994. Kami melihat proses konsolidasi ini masih akan berlanjut hingga akhir minggu ini. USD/CHF belum memasuki kondisi oversold, dan momentum untuk turun masih terbuka selama resist 1.1994 mampu bertahan. Break di bawah 1.1907 akan membawa fokus kembali pada harga low 1.1815.
Expected Range : 1.2026 - 1.1815
Support : 1.1907 / 1.1815 / 1.1750
Resistance : 1.1994 / 1.2026 / 1.2083
Recommendation : sell 1.1905, SL 1.2055, TP 1.1855
buy 1.1995, SL 1.1945, TP 1.2045
9 August 2007 14:17:03
Price ; 2.0364
GBP/USD yang sempat turun ke 2.0156 diikuti dengan rebound yang kuat ke 2.0397 dan didukung dengan kondisi bullish divergen pada grafik hourly di indikator MACD dan RSI. Hal ini membuat outlook GBP/USD menjadi netral dengan kecenderungan konsolidasi di dalam range 2.0461 dan 2.0156. Volatilitas saat ini masih rendah. Break di bawah 2.0278 akan membawa fokus kembali pada harga low 2.0156. Sedangkan peluang rebound akan terbatas pada resist 2.0461.
Expected Range : 2.0461 - 2.0156
Support : 2.0278 / 2.0156 / 2.0056
Resistance : 2.0397 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0400, SL 2.0350, TP 2.0450
EUR/USD
9 August 2007 14:31:06
Price ; 1.3780
Penurunan euro yang terjadi ke level 1.3721 diikuti dengan rebound yang kuat hingga 1.3825. Swing yang terjadi kemarin seakan ingin mencoba menembus kembali harga high 1.3851, namun euro akan berhadapan dengan resist kuat 1.3839. Outlook masih bias untuk konsolidasi di dalam range 1.3839 dan 1.3725 dengan kecenderungan turun kembali selama resist 1.3839 mampu bertahan.
Expected Range : 1.3839 - 1.3683
Support : 1.3725 / 1.3683 / 1.3637
Resistance : 1.3817 / 1.3839 / 1.3851
Recommendation : sell on rally 1.3770-80, SL 1.3820, TP 1.2720
USD / JPY
9 August 2007 14:40:18
Price ; 119.04
Sepeti yang disampaikan kemarin, meskipun USD/JPY berhasil melanjutkan reboundnya dari harga low 117.18, namun USD/JPY masih beresiko untuk turun kembali di kisaran resist 119.80. Break di bawah 118.70 akan membawa USD/JPY kembali fokus pada harga low 117.18. Sebaliknya USD/JPY akan melakukan konsolidasi di dalam range 119.80 dan 117.18.
Expected Range : 119.80 - 117.18
Support : 118.70 / 117.97 / 117.18
Resistance : 119.82 / 120.73 / 120.95
Recommendation : sell on rally 119.00-10, SL 119.50, TP 118.50
USD/CHF
9 August 2007 14:59:17
Price ; 1.1943
USD/CHF masih konsolidasi di atas harga low 1.1815 dan resist 1.1994. Kami melihat proses konsolidasi ini masih akan berlanjut hingga akhir minggu ini. USD/CHF belum memasuki kondisi oversold, dan momentum untuk turun masih terbuka selama resist 1.1994 mampu bertahan. Break di bawah 1.1907 akan membawa fokus kembali pada harga low 1.1815.
Expected Range : 1.2026 - 1.1815
Support : 1.1907 / 1.1815 / 1.1750
Resistance : 1.1994 / 1.2026 / 1.2083
Recommendation : sell 1.1905, SL 1.2055, TP 1.1855
buy 1.1995, SL 1.1945, TP 1.2045
Wednesday, August 8, 2007
OUR RECCOMENDATION
GBP / USD
8 August 2007 13:46:20
price ; 2.0163
Expected Range : 2.0315 - 2.0091
Support : 2.0135 / 2.0096 / 2.0005
Resistance : 2.0256 / 2.0315 / 2.0461
Recommendation : sell 2.0160-65, SL 2.0210, TP 2.0110
EUR/USD
8 August 2007 14:02:51
Price ; 1.3727
Expected Range : 1.3772 - 1.3680
Support : 1.3700 / 1.3680 / 1.3635
Resistance : 1.3772 / 1.3816 / 1.3839
Recommendation : sell 1.3725-30, Sl 1.3775, TP 1.3675
USD / JPY
8 August 2007 14:16:10
Price ; 119.05
Expected Range : 119.80 - 117.97
Support : 118.73 / 117.97 / 117.18
Resistance : 119.36 / 119.80 / 120.53
Recommendation : buy 119.40, SL 118.90, TP 119.90
sell 118.70, SL 119.20, TP 118.20
USD/CHF
8 August 2007 14:40:39
price ; 1.1992
Expected Range : 1.2083 - 1.1907
Support : 1.1952 / 1.1907 / 1.1815
Resistance : 1.2030 / 1.2083 / 1.2132
Recommendation : buy 1.1985-95, SL 1.1935, TP 1.2035
8 August 2007 13:46:20
price ; 2.0163
Expected Range : 2.0315 - 2.0091
Support : 2.0135 / 2.0096 / 2.0005
Resistance : 2.0256 / 2.0315 / 2.0461
Recommendation : sell 2.0160-65, SL 2.0210, TP 2.0110
EUR/USD
8 August 2007 14:02:51
Price ; 1.3727
Expected Range : 1.3772 - 1.3680
Support : 1.3700 / 1.3680 / 1.3635
Resistance : 1.3772 / 1.3816 / 1.3839
Recommendation : sell 1.3725-30, Sl 1.3775, TP 1.3675
USD / JPY
8 August 2007 14:16:10
Price ; 119.05
Expected Range : 119.80 - 117.97
Support : 118.73 / 117.97 / 117.18
Resistance : 119.36 / 119.80 / 120.53
Recommendation : buy 119.40, SL 118.90, TP 119.90
sell 118.70, SL 119.20, TP 118.20
USD/CHF
8 August 2007 14:40:39
price ; 1.1992
Expected Range : 1.2083 - 1.1907
Support : 1.1952 / 1.1907 / 1.1815
Resistance : 1.2030 / 1.2083 / 1.2132
Recommendation : buy 1.1985-95, SL 1.1935, TP 1.2035
Tuesday, August 7, 2007
OUR RECCOMENDATION
GBP / USD
7 August 2007 13:49:20
Price ; 2.0307
Outlook sterling berada dalam konsolidasi setelah pergerakan trend turun yang terakhir. Saat ini sterling bergerak tanpa trend dan kondisi swing di bawah exponential moving averages (EMA 21 and 34). Volatilitas berkurang. Support terdekat ada di 2.0278. Jika hari ini sterling break di bawah 2.0278 maka fokus akan kembali pada harga low 2.0181. Sedangkan di atas 2.0335, outlook menjadi netral.
Expected Range : 2.0461 - 2.0202
Support : 2.0278 / 2.0181 / 2.0157
Resistance : 2.0377 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0340, SL 2.0290, TP 2.0390
EUR/USD
7 August 2007 14:09:21
Price ; 1.3794
Euro berada dalam sideway trade yang ketat setelah pergerakan bullish terakhir. Saat ini euro masih bergerak tanpa trend dan kondisi swings di sekitar exponential moving averages (EMA 21 dan 34). Volatilitas harga masih rendah. Resist kuat ada di 1.3839. Untuk jangka pendek harga masih akan melanjutkan konsolidasinya dikisaran 1.3839 dan 1.3780. Jika euro berhasil break di bawah 1.3780 maka fokus target terletak di support 1.3727.
Expected Range : 1.3839 - 1.3727
Support : 1.3780 / 1.3727 / 1.3683
Resistance : 1.3816 / 1.3839 / 1.3890
Recommendation : sell 1.3775, SL 1.3825, TP 1.3725
sell 1.3835-40, SL 1.3885, TP 1.3785
USD / JPY
7 August 2007 14:23:57
Price ; 118.71
USD/JPY berada dalam kondisi konsolidasi setelah pergerakan bearish yang terakhir. Range trading hari ini ada dikisaran 119.80 dan 118.15. Volatilitas harga masih rendah. Support terdekat ada di 118.15. Break di atas 119.36 akan membuka peluang rebound ke 119.80 dengan resiko masih turun di kisaran resist tersebut.
Expected Range : 119.80 - 118.15
Support : 118.52 / 118.15 / 117.18
Resistance : 119.36 / 120.29 / 120.73
Recommendation : sell 118.50, SL 119.00, TP 118.00
sell 119.80, SL 120.30, TP 119.30
USD/CHF
7 August 2007 14:41:56
Price ; 1.1901
USD/CHF berada dalam kondisi konsolidasi setelah pergerakan turun yang terakhir ke 1.1815. Saat ini volatilitas masih rendah. Konfigurasi masih bearish, meskipun USD/CHF mengalami rebound akan tertahan di resist 1.1981. Trend bearish sepertinya masih akan menunggu momentum. Target turun di harapkan bisa mencapai 1.1700.
Expected Range : 1.1981 - 1.1815
Support : 1.1893 / 1.1815 / 1.1760
Resistance : 1.1925 / 1.1981 / 1.2050
Recommendation : sell 1.1890, SL 1.1940, TP 1.1840
buy 1.1815-20, SL 1.1765, TP 1.1865
7 August 2007 13:49:20
Price ; 2.0307
Outlook sterling berada dalam konsolidasi setelah pergerakan trend turun yang terakhir. Saat ini sterling bergerak tanpa trend dan kondisi swing di bawah exponential moving averages (EMA 21 and 34). Volatilitas berkurang. Support terdekat ada di 2.0278. Jika hari ini sterling break di bawah 2.0278 maka fokus akan kembali pada harga low 2.0181. Sedangkan di atas 2.0335, outlook menjadi netral.
Expected Range : 2.0461 - 2.0202
Support : 2.0278 / 2.0181 / 2.0157
Resistance : 2.0377 / 2.0461 / 2.0561
Recommendation : sell 2.0275, SL 2.0325, TP 2.0225
buy 2.0340, SL 2.0290, TP 2.0390
EUR/USD
7 August 2007 14:09:21
Price ; 1.3794
Euro berada dalam sideway trade yang ketat setelah pergerakan bullish terakhir. Saat ini euro masih bergerak tanpa trend dan kondisi swings di sekitar exponential moving averages (EMA 21 dan 34). Volatilitas harga masih rendah. Resist kuat ada di 1.3839. Untuk jangka pendek harga masih akan melanjutkan konsolidasinya dikisaran 1.3839 dan 1.3780. Jika euro berhasil break di bawah 1.3780 maka fokus target terletak di support 1.3727.
Expected Range : 1.3839 - 1.3727
Support : 1.3780 / 1.3727 / 1.3683
Resistance : 1.3816 / 1.3839 / 1.3890
Recommendation : sell 1.3775, SL 1.3825, TP 1.3725
sell 1.3835-40, SL 1.3885, TP 1.3785
USD / JPY
7 August 2007 14:23:57
Price ; 118.71
USD/JPY berada dalam kondisi konsolidasi setelah pergerakan bearish yang terakhir. Range trading hari ini ada dikisaran 119.80 dan 118.15. Volatilitas harga masih rendah. Support terdekat ada di 118.15. Break di atas 119.36 akan membuka peluang rebound ke 119.80 dengan resiko masih turun di kisaran resist tersebut.
Expected Range : 119.80 - 118.15
Support : 118.52 / 118.15 / 117.18
Resistance : 119.36 / 120.29 / 120.73
Recommendation : sell 118.50, SL 119.00, TP 118.00
sell 119.80, SL 120.30, TP 119.30
USD/CHF
7 August 2007 14:41:56
Price ; 1.1901
USD/CHF berada dalam kondisi konsolidasi setelah pergerakan turun yang terakhir ke 1.1815. Saat ini volatilitas masih rendah. Konfigurasi masih bearish, meskipun USD/CHF mengalami rebound akan tertahan di resist 1.1981. Trend bearish sepertinya masih akan menunggu momentum. Target turun di harapkan bisa mencapai 1.1700.
Expected Range : 1.1981 - 1.1815
Support : 1.1893 / 1.1815 / 1.1760
Resistance : 1.1925 / 1.1981 / 1.2050
Recommendation : sell 1.1890, SL 1.1940, TP 1.1840
buy 1.1815-20, SL 1.1765, TP 1.1865
Friday, August 3, 2007
UK Service Activity Hits 11-Month Low
UK Purchasing Managers Index - Services (JUL)
Actual: 57.0
Expected: 57.5
Previous: 57.7
After unexpected improvements in manufacturing and construction activity, the service sector report crossed the wires below the market's concensus. Economists had projected a modest cooling for the July purchasing managers index from 57.7 to 57.5. However, a drop in nearly all of the indicator's components pushed the headline number down to 57.0, matching its lowest print since August. The breakdown provided a disappointing checklist. Employment and outstanding business marked a three months low, prices received hit cooled to its lowest levels in at least six months, while the important new business sub-gauge stepped own from June's high. The only notable improvement came from the expectations gauge which climbed for the second consecutive month to 74.5 despite the level of interest rates, the currency and the threat that recent floods may weigh on consumer sentiment and therefore spending.
In the minutes after the indicator was absorbed, GBPUSD was littled moved in its 10 point range above 2.0350 as traders wait for US event risk due later in the morning.
Actual: 57.0
Expected: 57.5
Previous: 57.7
After unexpected improvements in manufacturing and construction activity, the service sector report crossed the wires below the market's concensus. Economists had projected a modest cooling for the July purchasing managers index from 57.7 to 57.5. However, a drop in nearly all of the indicator's components pushed the headline number down to 57.0, matching its lowest print since August. The breakdown provided a disappointing checklist. Employment and outstanding business marked a three months low, prices received hit cooled to its lowest levels in at least six months, while the important new business sub-gauge stepped own from June's high. The only notable improvement came from the expectations gauge which climbed for the second consecutive month to 74.5 despite the level of interest rates, the currency and the threat that recent floods may weigh on consumer sentiment and therefore spending.
In the minutes after the indicator was absorbed, GBPUSD was littled moved in its 10 point range above 2.0350 as traders wait for US event risk due later in the morning.
European Retail Sales Increase For First Time In 3 Months
Euro Zone Retail Sales (JUN)
(MoM) (YoY)
Actual: 0.4% 0.9%
Expected: 0.8% 1.4%
Previous: -0.7% (-R) 0.1% (-R)
Like the German figure before it, the Euro Zone's June retail sales report missed the market's projected increase. According to Eurostat's numbers, the total value of reciepts grew 0.4 percent over the month and 0.9 percent from the same period a year ago. Economists forecast a 0.8 percent increase for June, and a 1.4 percent pick up through the year. Adding to the disappointment, the previous month's data was revised lower on both time frames. On the other hand, sentiment was supported by the fact that June's improvement in sales was the first positive number in three months.
In the minutes after the release, EURUSD was barely moved around its 1.37 epicenter.
DailyFX
Disclaimer
Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this website. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Daily FX. Daily FX and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Daily FX or its affiliates. The reader agrees not to hold Daily FX or any of its affiliates liable for decisions that are based on information from this website. Daily FX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.
(MoM) (YoY)
Actual: 0.4% 0.9%
Expected: 0.8% 1.4%
Previous: -0.7% (-R) 0.1% (-R)
Like the German figure before it, the Euro Zone's June retail sales report missed the market's projected increase. According to Eurostat's numbers, the total value of reciepts grew 0.4 percent over the month and 0.9 percent from the same period a year ago. Economists forecast a 0.8 percent increase for June, and a 1.4 percent pick up through the year. Adding to the disappointment, the previous month's data was revised lower on both time frames. On the other hand, sentiment was supported by the fact that June's improvement in sales was the first positive number in three months.
In the minutes after the release, EURUSD was barely moved around its 1.37 epicenter.
DailyFX
Disclaimer
Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this website. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Daily FX. Daily FX and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Daily FX or its affiliates. The reader agrees not to hold Daily FX or any of its affiliates liable for decisions that are based on information from this website. Daily FX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.
OUR RECCOMENDATION
GBP / USD
3 August 2007 14:36:04
Price ; 2.0360
Sterling masih tetap berada dalam range trading stabilnya di 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Diperlukan break di bawah 2.0181 untuk dimulainya kembali trend turun sterling menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137. Break di atas 2.0376 akan membuka ruang bagi sterling untuk melanjutkan reboundnya ke resist 2.0424.
Expected Range : 2.0424 - 2.0181
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0377 / 2.0424 / 2.0561
Recommendation : sell 2.0345, SL 2.0495, TP 2.0395
buy 2.0380, SL 2.0330, TP 2.0430
EUR/USD
3 August 2007 14:36:13
Price : 1.3701
Euro masih melanjutkan konsolidasinya di dalam range stabilnya 1.3727 dan 1.3611. Untuk jangka pendek outlook masih bias untuk turun selama resist 1.3771 mampu bertahan. Euro berpeluang untuk menguji harga low 1.3611 jika hari ini berhasil break di bawah support 1.3687.
Expected Range : 1.3771 - 1.3611
Support : 1.3687 / 1.3650 / 1.3611
Resistance : 1.3727 / 1.3741 / 1.3777
Recommendation : sell 1.3685, SL 1.3735, TP 1.3635
buy 1.3715, SL 1.3665, TP 1.3765
USD / JPY
3 August 2007 14:52:47
Price ; 119.09
Meskipun USD/JPY mengalami rebound namun masih tetap berada di dalam range konsolidasinya di 119.48 dan 117.59. Dengan kondisi divergen bearish yang terlihat pada grafik hourly, USD/JPY masih berpeluang untuk melanjutkan reboundnya jika berhasil break di atas 119.48 untuk mencapai target resist 119.80. Sedangkan jika hari ini USD/JPY kembali berada di bawah 118.32 maka fokus akan tertuju pada level low 117.59.
Expected Range : 119.80 - 118.32
Support : 118.89 / 118.32 / 117.59
Resistance : 119.48 / 119.80 / 120.73
Recommendation : buy 119.50, SL 119.00, TP 120.00
sell 118.85, SL 119.35, TP 118.35
USD/CHF
3 August 2007 15:27:40
Price ; 1.2062
Meskipun sempat menguat, USD/CHF kembali turun dan tetap berada di dalam range konsolidasinya di 1.2164 dan 1.1979. Outlook masih terlihat netral selama USD/CHF masih berada di dalam range stabil tersebut.
Expected Range : 1.2132 - 1.1979
Support : 1.2026 / 1.1979 / 1.1961
Resistance : 1.2083 / 1.2132 / 1.2164
Recommendation :
sell 1.2025, SL 1.2075, TP 1.1975
buy 1.2085, SL 1.2035, TP 1.2132
3 August 2007 14:36:04
Price ; 2.0360
Sterling masih tetap berada dalam range trading stabilnya di 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Diperlukan break di bawah 2.0181 untuk dimulainya kembali trend turun sterling menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137. Break di atas 2.0376 akan membuka ruang bagi sterling untuk melanjutkan reboundnya ke resist 2.0424.
Expected Range : 2.0424 - 2.0181
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0377 / 2.0424 / 2.0561
Recommendation : sell 2.0345, SL 2.0495, TP 2.0395
buy 2.0380, SL 2.0330, TP 2.0430
EUR/USD
3 August 2007 14:36:13
Price : 1.3701
Euro masih melanjutkan konsolidasinya di dalam range stabilnya 1.3727 dan 1.3611. Untuk jangka pendek outlook masih bias untuk turun selama resist 1.3771 mampu bertahan. Euro berpeluang untuk menguji harga low 1.3611 jika hari ini berhasil break di bawah support 1.3687.
Expected Range : 1.3771 - 1.3611
Support : 1.3687 / 1.3650 / 1.3611
Resistance : 1.3727 / 1.3741 / 1.3777
Recommendation : sell 1.3685, SL 1.3735, TP 1.3635
buy 1.3715, SL 1.3665, TP 1.3765
USD / JPY
3 August 2007 14:52:47
Price ; 119.09
Meskipun USD/JPY mengalami rebound namun masih tetap berada di dalam range konsolidasinya di 119.48 dan 117.59. Dengan kondisi divergen bearish yang terlihat pada grafik hourly, USD/JPY masih berpeluang untuk melanjutkan reboundnya jika berhasil break di atas 119.48 untuk mencapai target resist 119.80. Sedangkan jika hari ini USD/JPY kembali berada di bawah 118.32 maka fokus akan tertuju pada level low 117.59.
Expected Range : 119.80 - 118.32
Support : 118.89 / 118.32 / 117.59
Resistance : 119.48 / 119.80 / 120.73
Recommendation : buy 119.50, SL 119.00, TP 120.00
sell 118.85, SL 119.35, TP 118.35
USD/CHF
3 August 2007 15:27:40
Price ; 1.2062
Meskipun sempat menguat, USD/CHF kembali turun dan tetap berada di dalam range konsolidasinya di 1.2164 dan 1.1979. Outlook masih terlihat netral selama USD/CHF masih berada di dalam range stabil tersebut.
Expected Range : 1.2132 - 1.1979
Support : 1.2026 / 1.1979 / 1.1961
Resistance : 1.2083 / 1.2132 / 1.2164
Recommendation :
sell 1.2025, SL 1.2075, TP 1.1975
buy 1.2085, SL 1.2035, TP 1.2132
Forex Market Issues and Risks
ECB and BoE rates decisions today, both seen unchanged
News and Events:
The dollar rose against the yen for a second straight day on Thursday as traders took advantage of a rebound in US blue-chip stocks to adjust positions before Friday's closely-watched payrolls report.
The Euro and Sterling traded higher even as the European Central Bank and the Bank of England left rates on hold at 4 percent and 5.75 percent, respectively.
Traders said the respite from the recent sharp swings in financial markets prompted a return to selling low-yielding currencies such as the yen and Swiss franc to buy higher-yielding but riskier assets.
Traders said 'The trade this week has been simple: if stocks rise, you short the yen, if they fall, you buy back yen; but the payrolls report today may break this pattern, making the Forex Market less dependent on stocks to asses risk.'
Yesterday, the Dollar was up 0.24% against the yen at 119.16, recovering from four-month 117.61 lows the previous day. The Euro also rose 0.54% to 163.31.
ECB President Jean-Claude Trichet said after the bank's policy meeting that 'strong vigilance' was needed to stem inflation risks, signaling a possible September rate hike. The ECB's Trichet weighed in on the recent volatility in financial markets. He said the central bank was closely monitoring shifts in sentiment and the price movements that were part of a 'normalization of pricing risk.' Analysts said, his remarks on 'normalization of risk' implies that the current volatility will not affect the ECB's tightening campaign.
The EurUsd hit session highs yesterday around 1.3708 after Bundesbank President Axel Weber said fears of a German banking crisis were unfounded following problems at IKB. In a statement, Weber said problems at IKB, which specializes in lending to small- and mid-sized companies, were of an 'institution-specific nature.' IKB has become Europe's most high-profile casualty so far of the crisis in the US sub-prime mortgage market. Its problems have fueled concerns that other German banks might be in trouble. 'Risk aversion is going to remain high. Because people have lost a lot of money and they're not going to put a lot of risk back into the market,' said analyst.
UsdChf was little changed at 1.2034 after having touched 1.2085 high.
Last week's sell-off in the stock market and a slide in corporate bond prices over the past few weeks caused hefty losses for some banks and hedge funds. For currency traders, this has sparked a reversal of risky carry trades where cheap borrowing in the yen is used to fund purchases of high-yielding currencies such as the Australian dollar. The unwinding of carry trades has come in fits and starts, reflecting the market's heightened nervousness about the extent of problems in the U.S. housing and credit sectors.
Yesterday, the high-yielding New Zealand dollar was up 0.69% at 91.48 against the Yen, while the Australian dollar was up 0.84% at 102.23 against the Yen.
Today Key Issues:
* 08.00 EUR July Euro zone PMI Services final 58.1 vs 58.1
* 08.00 EUR July Euro zone PMI Composite final 57.3 vs 57.3
* 09.00 EUR June Euro Retail Sales +0.5% vs -0.5%
* 12.30 US July Non-Farm Payrolls 160k vs 132k
* 12.30 US July Unemployment Rate 4.5% vs 4.5%
* 14.00 US July ISM Non-Manufacturing Index 59 vs 60.7
The Risk Today:
EurUsd consolidated in recent markets low-high range 1.3610 - 1.3728. The break below 1.3750 from last week marks the initial resistance and put 1.3659 former resistances in sight. Initial minor support holds 1.3750 former support. Renewed uptrend may refocus the way upward 1.3925 and 1.3986 resistances.
GbpUsd also consolidated after touching 2.0182 Monday low. Sterling was little up yesterday at 2.0356 in recent trading range 2.0204 - 2.0378. Renewed weakness below 2.0200 will put 2.0100 support (former trend resistance) in sight. A break there will open the door back down to 2.0000 pivot point. Initial resistance holds 2.0378 Tuesday high before 2.0494 Friday high.
UsdJpy touched a new 3-months low at 117.61 on Wednesday before rebounding up to 119.38 yesterday. The risk of further downtrend remains; a clear break of 118.50 pivot point may accelerate the slide to 116.58. Minor resistance holds 120.78 pivot hit last week. Initial resistance holds 119.50 Tuesday high.
UsdChf tested 1.1980 low on Wednesday before rebounding up to 1.2085 yesterday. Pressure remains below 1.2082 (23.6% retracement of 1.2470 - 1.1962 decline). A break there will open the door for further advance toward 1.2217 (50% retracement). But renewed down trend, may shift on 1.1881 early December low and 1.1739 April 2005 trend supports.
EURUSD GBPUSD USDJPY USDCHF
1.3986 S 2.0706 T 124.15 T 1.2217 S
1.3925 S 2.0683 S 120.78 P 1.2157 S
1.3750 M 2.0378 M 119.50 M 1.2082 M
1.3710 2.0365 119.15 1.2030
1.3659 S 2.0182 M 118.50 P 1.1962 S
1.3610 M 2.0100 S 118.01 M 1.1881 K
1.3550 P 2.0000 P 116.58 T 1.1739 T
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
News and Events:
The dollar rose against the yen for a second straight day on Thursday as traders took advantage of a rebound in US blue-chip stocks to adjust positions before Friday's closely-watched payrolls report.
The Euro and Sterling traded higher even as the European Central Bank and the Bank of England left rates on hold at 4 percent and 5.75 percent, respectively.
Traders said the respite from the recent sharp swings in financial markets prompted a return to selling low-yielding currencies such as the yen and Swiss franc to buy higher-yielding but riskier assets.
Traders said 'The trade this week has been simple: if stocks rise, you short the yen, if they fall, you buy back yen; but the payrolls report today may break this pattern, making the Forex Market less dependent on stocks to asses risk.'
Yesterday, the Dollar was up 0.24% against the yen at 119.16, recovering from four-month 117.61 lows the previous day. The Euro also rose 0.54% to 163.31.
ECB President Jean-Claude Trichet said after the bank's policy meeting that 'strong vigilance' was needed to stem inflation risks, signaling a possible September rate hike. The ECB's Trichet weighed in on the recent volatility in financial markets. He said the central bank was closely monitoring shifts in sentiment and the price movements that were part of a 'normalization of pricing risk.' Analysts said, his remarks on 'normalization of risk' implies that the current volatility will not affect the ECB's tightening campaign.
The EurUsd hit session highs yesterday around 1.3708 after Bundesbank President Axel Weber said fears of a German banking crisis were unfounded following problems at IKB. In a statement, Weber said problems at IKB, which specializes in lending to small- and mid-sized companies, were of an 'institution-specific nature.' IKB has become Europe's most high-profile casualty so far of the crisis in the US sub-prime mortgage market. Its problems have fueled concerns that other German banks might be in trouble. 'Risk aversion is going to remain high. Because people have lost a lot of money and they're not going to put a lot of risk back into the market,' said analyst.
UsdChf was little changed at 1.2034 after having touched 1.2085 high.
Last week's sell-off in the stock market and a slide in corporate bond prices over the past few weeks caused hefty losses for some banks and hedge funds. For currency traders, this has sparked a reversal of risky carry trades where cheap borrowing in the yen is used to fund purchases of high-yielding currencies such as the Australian dollar. The unwinding of carry trades has come in fits and starts, reflecting the market's heightened nervousness about the extent of problems in the U.S. housing and credit sectors.
Yesterday, the high-yielding New Zealand dollar was up 0.69% at 91.48 against the Yen, while the Australian dollar was up 0.84% at 102.23 against the Yen.
Today Key Issues:
* 08.00 EUR July Euro zone PMI Services final 58.1 vs 58.1
* 08.00 EUR July Euro zone PMI Composite final 57.3 vs 57.3
* 09.00 EUR June Euro Retail Sales +0.5% vs -0.5%
* 12.30 US July Non-Farm Payrolls 160k vs 132k
* 12.30 US July Unemployment Rate 4.5% vs 4.5%
* 14.00 US July ISM Non-Manufacturing Index 59 vs 60.7
The Risk Today:
EurUsd consolidated in recent markets low-high range 1.3610 - 1.3728. The break below 1.3750 from last week marks the initial resistance and put 1.3659 former resistances in sight. Initial minor support holds 1.3750 former support. Renewed uptrend may refocus the way upward 1.3925 and 1.3986 resistances.
GbpUsd also consolidated after touching 2.0182 Monday low. Sterling was little up yesterday at 2.0356 in recent trading range 2.0204 - 2.0378. Renewed weakness below 2.0200 will put 2.0100 support (former trend resistance) in sight. A break there will open the door back down to 2.0000 pivot point. Initial resistance holds 2.0378 Tuesday high before 2.0494 Friday high.
UsdJpy touched a new 3-months low at 117.61 on Wednesday before rebounding up to 119.38 yesterday. The risk of further downtrend remains; a clear break of 118.50 pivot point may accelerate the slide to 116.58. Minor resistance holds 120.78 pivot hit last week. Initial resistance holds 119.50 Tuesday high.
UsdChf tested 1.1980 low on Wednesday before rebounding up to 1.2085 yesterday. Pressure remains below 1.2082 (23.6% retracement of 1.2470 - 1.1962 decline). A break there will open the door for further advance toward 1.2217 (50% retracement). But renewed down trend, may shift on 1.1881 early December low and 1.1739 April 2005 trend supports.
EURUSD GBPUSD USDJPY USDCHF
1.3986 S 2.0706 T 124.15 T 1.2217 S
1.3925 S 2.0683 S 120.78 P 1.2157 S
1.3750 M 2.0378 M 119.50 M 1.2082 M
1.3710 2.0365 119.15 1.2030
1.3659 S 2.0182 M 118.50 P 1.1962 S
1.3610 M 2.0100 S 118.01 M 1.1881 K
1.3550 P 2.0000 P 116.58 T 1.1739 T
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
OUR RECCOMENDATION
GBP / USD
3 August 2007 05:15:08
Closed:2.0368
Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 71 (Neutral). Stochastic 42 (Down-Oversold). Daily trend menunjukkan Strong Bearish dilihat dari Grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 2.0403 membuka peluang bagi pair ini untuk menyentuh ke level 2.0453. Key Support di level 2.0342. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0304, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.
Expected Range : 2.0275 - 2.0403
Support : 2.0342/ 2.0304 / 2.0287
Resistance : 2.0403 / 2.0453 / 2.0491
Recommendation : Sell 2.0386 TP 2.0320 SL 2.0430
EUR/USD
3 August 2007 05:16:14
Closed:1.3700
Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 74(Neutral). Stochastic 93 (Oversold). Daily menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan sideway trading.
Key Resistence 1.3750 akan mulai lagi jika Euro berhasil break di atas resistence kuat tersebut menuju level berikutnya. key Support 1.3651 namun jika gagal Euro berpeluang untuk Rebound.
Expected Range : 1.3630 - 1.3746
Support : 1.3651 / 1.3628 / 1.3586
Resistance : 1.3716 / 1.3746 / 1.3771
Recommendation : Sell 1.3700 TP 1.3650 SL 1.3750
Buy 1.3680 TP 1.3710 SL 1.3640
USD / JPY
3 August 2007 05:15:43
Closed:119.25
Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 56 (Down-Side). Stochastic 6 (Up-Side). Daily trend menunjukkan Bullish terbatas, dilihat dari Grafik Intraday menunjukkan strong Bearish.
Key Resistance di level 119.58 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.92. Key Support di 118.80, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 118.41 momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.
Expected Range : 118.30 - 120.5
Support : 118.80 / 118.41 / 117.96
Resistance : 119.50 / 119.92 / 120.50
Recommendation : Sell 119.58 TP 118.67 SL 120.00
Buy 118.80 TP 119.87 SL 118.50
USD/CHF
3 August 2007 05:14:41
Closed:1.2039
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 45 (Neutral). Stochastic 27 (Up-Side). Daily trend menunjukkan Neutral, dilihat dari grafik Intraday menunjukkan Konsolidasi dalam range stabil.
Key Resistance di level 1.2068, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2096. Key Support di level 1.2009. Momentum trend turun dimulai kembali jika swiss Franc break disupport tersebut untuk menuju support berikutnya.
Expected Range : 1.1970 - 1.2096
Support : 1.2009 / 1.1984 / 1.1972
Resistance : 1.2068 / 1.2096 / 1.2132
Recommendation : Buy 1.2050 TP 1.2089 SL 1.2000
Sell 1.2082 TP 1.2006 SL 1.2130
3 August 2007 05:15:08
Closed:2.0368
Pergerakan mata uang Sterling pada Chart Hourly sampai dengan penutupan market US berada pada RSI 71 (Neutral). Stochastic 42 (Down-Oversold). Daily trend menunjukkan Strong Bearish dilihat dari Grafik Intraday menunjukkan Bullish terbatas.
Key Resistance di level 2.0403 membuka peluang bagi pair ini untuk menyentuh ke level 2.0453. Key Support di level 2.0342. Jika berhasil ditembus akan membuka peluang Sell baru bagi pair ini menuju Support 2.0304, Sterling berpeluang Rebound jika secara technical pair ini gagal menembus Support kuat tersebut.
Expected Range : 2.0275 - 2.0403
Support : 2.0342/ 2.0304 / 2.0287
Resistance : 2.0403 / 2.0453 / 2.0491
Recommendation : Sell 2.0386 TP 2.0320 SL 2.0430
EUR/USD
3 August 2007 05:16:14
Closed:1.3700
Pergerakan mata uang Euro pada Chart Hourly sampai dengan penutupan market US berada pada RSI 74(Neutral). Stochastic 93 (Oversold). Daily menunjukkan Neutral, dilihat dari Grafik Intraday masih menunjukkan sideway trading.
Key Resistence 1.3750 akan mulai lagi jika Euro berhasil break di atas resistence kuat tersebut menuju level berikutnya. key Support 1.3651 namun jika gagal Euro berpeluang untuk Rebound.
Expected Range : 1.3630 - 1.3746
Support : 1.3651 / 1.3628 / 1.3586
Resistance : 1.3716 / 1.3746 / 1.3771
Recommendation : Sell 1.3700 TP 1.3650 SL 1.3750
Buy 1.3680 TP 1.3710 SL 1.3640
USD / JPY
3 August 2007 05:15:43
Closed:119.25
Pergerakan mata uang Yen pada Chart Hourly sampai dengan penutupan market US berada pada RSI 56 (Down-Side). Stochastic 6 (Up-Side). Daily trend menunjukkan Bullish terbatas, dilihat dari Grafik Intraday menunjukkan strong Bearish.
Key Resistance di level 119.58 jika berhasil ditembus membuka peluang Buy baru bagi pair ini untuk menyentuh level 119.92. Key Support di 118.80, berpeluang untuk Sell baru hingga mencapai target Support berikut di level 118.41 momentum untuk trend turun terjadi jika Support tsb berhasil ditembus.
Expected Range : 118.30 - 120.5
Support : 118.80 / 118.41 / 117.96
Resistance : 119.50 / 119.92 / 120.50
Recommendation : Sell 119.58 TP 118.67 SL 120.00
Buy 118.80 TP 119.87 SL 118.50
USD/CHF
3 August 2007 05:14:41
Closed:1.2039
Pergerakan mata uang Swiss pada Chart Hourly sampai dengan penutupan market US berada pada RSI 45 (Neutral). Stochastic 27 (Up-Side). Daily trend menunjukkan Neutral, dilihat dari grafik Intraday menunjukkan Konsolidasi dalam range stabil.
Key Resistance di level 1.2068, berhasil ditembus Swiss Franc berpeluang Buy baru sampai level 1.2096. Key Support di level 1.2009. Momentum trend turun dimulai kembali jika swiss Franc break disupport tersebut untuk menuju support berikutnya.
Expected Range : 1.1970 - 1.2096
Support : 1.2009 / 1.1984 / 1.1972
Resistance : 1.2068 / 1.2096 / 1.2132
Recommendation : Buy 1.2050 TP 1.2089 SL 1.2000
Sell 1.2082 TP 1.2006 SL 1.2130
Thursday, August 2, 2007
European Market Update
UK Halifax House Prices Unexpectedly Rise in July
The European indices are currently trading positive territory following a series of strong earnings reports ahead of the open.
European government bonds are currently trading slightly lower in the session following a reversal in Treasuries after US equities made a comeback late yesterday. Similarly, over in the UK, gilts are trading slightly lower as well.
In the UK overnight, Halifax house prices for the month of July, which were expected to decline from June's readings, rose to 0.7% m/m and 11.2% y/y, the highest y/y reading since February of 2005. Despite the unexpected rise, Halifax noted that the data confirmed that growth in house prices is slowing down as the readings continue to rise at a decreasing pace. Despite this, Halifax revised its 2007 price inflation forecast to 6% from the previous forecast of 4%.
The net change in Spanish unemployment for the month of July was 4.5K, below estimates of 6.8K. This is the first time that registered unemployment rose in six months. The number of those claiming unemployment benefits rose by approximately 4,469 or 0.2% according to the Labor Ministry. Do recall, however, that on July 27, the release of second-quarter unemployment came in at 7.95%, the lowest in 29 years.
Swedish preliminary second-quarter GDP rose by more than expected to 1.0% m/m and 3.6% y/y, from first-quarter readings of 0.6% q/q and 3.0% y/y respectively.
The Swiss SVME PMI for the month of July, which was expected to decline, rose to 63.0 from 62.8 in June. The reading was the highest in five months as companies increased output in an attempt to keep pace with demand.
Construction PMI in the UK, which was expected to decline, rose to 61.8 in July from 60.1 in June.
Euro-Zone producer prices for the month of June, which were expected to remain unchanged m/m at 0.3%, declined to 0.1%m/m and remained unchanged y/y at 2.3%. The m/m followed weak intermediate and energy goods prices.
Trade The News Staff
Trade The News, Inc.
The European indices are currently trading positive territory following a series of strong earnings reports ahead of the open.
European government bonds are currently trading slightly lower in the session following a reversal in Treasuries after US equities made a comeback late yesterday. Similarly, over in the UK, gilts are trading slightly lower as well.
In the UK overnight, Halifax house prices for the month of July, which were expected to decline from June's readings, rose to 0.7% m/m and 11.2% y/y, the highest y/y reading since February of 2005. Despite the unexpected rise, Halifax noted that the data confirmed that growth in house prices is slowing down as the readings continue to rise at a decreasing pace. Despite this, Halifax revised its 2007 price inflation forecast to 6% from the previous forecast of 4%.
The net change in Spanish unemployment for the month of July was 4.5K, below estimates of 6.8K. This is the first time that registered unemployment rose in six months. The number of those claiming unemployment benefits rose by approximately 4,469 or 0.2% according to the Labor Ministry. Do recall, however, that on July 27, the release of second-quarter unemployment came in at 7.95%, the lowest in 29 years.
Swedish preliminary second-quarter GDP rose by more than expected to 1.0% m/m and 3.6% y/y, from first-quarter readings of 0.6% q/q and 3.0% y/y respectively.
The Swiss SVME PMI for the month of July, which was expected to decline, rose to 63.0 from 62.8 in June. The reading was the highest in five months as companies increased output in an attempt to keep pace with demand.
Construction PMI in the UK, which was expected to decline, rose to 61.8 in July from 60.1 in June.
Euro-Zone producer prices for the month of June, which were expected to remain unchanged m/m at 0.3%, declined to 0.1%m/m and remained unchanged y/y at 2.3%. The m/m followed weak intermediate and energy goods prices.
Trade The News Staff
Trade The News, Inc.
OUR RECCOMENDATION
GBP / USD
2 August 2007 13:46:32
Price ; 2.0311
Sterling masih berada dalam range stabilnya dari 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Momentum trend turun dimulai lagi jika sterling break di bawah low 2.0181 untuk menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137.Sedangkan peluang terjadinya rebound masih terbatas di 2.0424 dengan resiko turun lagi.
Expected Range : 2.0424 - 2.0137
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0376 / 2.0424 / 2.0563
Recommendation : sell 2.0265, SL 2.0315, TP 2.0215
sell 2.0420-25, SL 2.0470, TP 2.0370
EUR/USD
2 August 2007 14:03:05
Price ; 1.3672
Sama dengan sterling, euro masih berada dalam range stabilnya dari 1.3727 dan 1.3611. Outlook saat ini masih netral dengan kecenderungan melanjutkan konsolidasinya di dalam range tersebut. Diperlukan break di atas resist 1.3727 untuk menandakan koreksi dari penurunan 1.3851 telah selesai. Jika tidak maka outlook masih beresiko untuk turun. Trend turun akan dimulai kembali jika euro break di bawah 1.3611 untuk mencapai target zona support 1.3558.
Expected Range : 1.3737 - 1.3558
Support : 1.3637 / 1.3611 / 1.3558
Resistance : 1.3709 / 1.3727 / 1.3771
Recommendation : sell 1.3650, SL 1.3700, TP 1.3600
USD / JPY
2 August 2007 14:27:37
Price ; 118.72
Meskipun sempat turun ke 117.59, USD/JPY tidak mampu bertahan lama di bawah support 118.01 sehingga kembali rebound pada sesi pasar Amerika tadi malam ke 119.14. Intraday masih bias untuk turun selama tertahan di bawah resist 119.48. Sedangkan jika break di atas 119.48 akan mengkonfirmasi telah terbentuknya formasi bottom untuk jangka pendek di 117.59.
Expected Range : 120.48 - 117.59
Support : 118.32 / 117.59 / 117.28
Resistance : 119.14 / 119.48 / 120.73
Recommendation : sell 119.45, SL 119.95, TP 118.95
USD/CHF
2 August 2007 14:55:22
Price ; 1.2032
Selama resist minor 1.2064 masih bertahan, peluang turun USD/CHF dari 1.2164 masih dalam progres untuk menguji harga low 1.1961. Diperlukan break di bawah 1.1961 untuk menandakan dimulainya kembali trend turun dari 1.2467. Sebaliknya, konsolidasi di dalam range stabil ini masih akan berlanjut.
Expected Range : 1.2132 - 1.1961
Support : 1.2023 / 1.1979 / 1.1961
Resistance : 1.2050 / 1.2064 / 1.2132
Recommendation : buy 1.2050, SL 1.2000, TP 1.2100
sell 1.2020, SL 1.2070, TP 1.1970
2 August 2007 13:46:32
Price ; 2.0311
Sterling masih berada dalam range stabilnya dari 2.0376 dan 2.0181. Outlook masih bias untuk turun selama resist 2.0376 mampu menahannya. Momentum trend turun dimulai lagi jika sterling break di bawah low 2.0181 untuk menuju target retrace 50% dari 1.9622 ke 2.0652 yang ada di 2.0137.Sedangkan peluang terjadinya rebound masih terbatas di 2.0424 dengan resiko turun lagi.
Expected Range : 2.0424 - 2.0137
Support : 2.0268 / 2.0181 / 2.0137
Resistance : 2.0376 / 2.0424 / 2.0563
Recommendation : sell 2.0265, SL 2.0315, TP 2.0215
sell 2.0420-25, SL 2.0470, TP 2.0370
EUR/USD
2 August 2007 14:03:05
Price ; 1.3672
Sama dengan sterling, euro masih berada dalam range stabilnya dari 1.3727 dan 1.3611. Outlook saat ini masih netral dengan kecenderungan melanjutkan konsolidasinya di dalam range tersebut. Diperlukan break di atas resist 1.3727 untuk menandakan koreksi dari penurunan 1.3851 telah selesai. Jika tidak maka outlook masih beresiko untuk turun. Trend turun akan dimulai kembali jika euro break di bawah 1.3611 untuk mencapai target zona support 1.3558.
Expected Range : 1.3737 - 1.3558
Support : 1.3637 / 1.3611 / 1.3558
Resistance : 1.3709 / 1.3727 / 1.3771
Recommendation : sell 1.3650, SL 1.3700, TP 1.3600
USD / JPY
2 August 2007 14:27:37
Price ; 118.72
Meskipun sempat turun ke 117.59, USD/JPY tidak mampu bertahan lama di bawah support 118.01 sehingga kembali rebound pada sesi pasar Amerika tadi malam ke 119.14. Intraday masih bias untuk turun selama tertahan di bawah resist 119.48. Sedangkan jika break di atas 119.48 akan mengkonfirmasi telah terbentuknya formasi bottom untuk jangka pendek di 117.59.
Expected Range : 120.48 - 117.59
Support : 118.32 / 117.59 / 117.28
Resistance : 119.14 / 119.48 / 120.73
Recommendation : sell 119.45, SL 119.95, TP 118.95
USD/CHF
2 August 2007 14:55:22
Price ; 1.2032
Selama resist minor 1.2064 masih bertahan, peluang turun USD/CHF dari 1.2164 masih dalam progres untuk menguji harga low 1.1961. Diperlukan break di bawah 1.1961 untuk menandakan dimulainya kembali trend turun dari 1.2467. Sebaliknya, konsolidasi di dalam range stabil ini masih akan berlanjut.
Expected Range : 1.2132 - 1.1961
Support : 1.2023 / 1.1979 / 1.1961
Resistance : 1.2050 / 1.2064 / 1.2132
Recommendation : buy 1.2050, SL 1.2000, TP 1.2100
sell 1.2020, SL 1.2070, TP 1.1970
Wednesday, August 1, 2007
OUR RECCOMENDATION
GBP / USD
1 August 2007 03:57:31
price ; 2.0311
Expected Range : 2.0480 - 2.0253
Support : 2.0262 / 2.0222 / 2.0174
Resistance : 2.0370 / 2.0420 / 2.0487
Recommendation : buy 2.0288, SL 2.0189, TP 2.0340
sell 2.0470-25, SL 2.0520, TP 2.0357
EUR/USD
1 August 2007 03:57:22
Price ; 1.3679
Expected Range : 1.3770 - 1.3665
Support : 1.3670/ 1.3640 / 1.3606
Resistance : 1.3740 / 1.3770 / 1.3823
Recommendation : sell 1.3740, SL 1.3790, TP 1.3650
USD / JPY
1 August 2007 04:16:23
Price ; 118.61
Expected Range : 118.20 - 119.74
Support : 118.44 / 118.17 / 117.90
Resistance : 119.51 / 119.78 / 120.05
Recommendation : buy 118.70, SL 118.18, TP 119.35
sell 119.05, SL 119.62, TP 118.66
USD/CHF
1 August 2007 03:55:43
price ; 1.2016
Expected Range : 1.1978 - 1.2128
Support : 1.1996 / 1.1974 / 1.1953
Resistance : 1.2082 / 1.2104 / 1.2125
Recommendation : buy 1.2060, SL 1.2010, TP 1.2110
1 August 2007 03:57:31
price ; 2.0311
Expected Range : 2.0480 - 2.0253
Support : 2.0262 / 2.0222 / 2.0174
Resistance : 2.0370 / 2.0420 / 2.0487
Recommendation : buy 2.0288, SL 2.0189, TP 2.0340
sell 2.0470-25, SL 2.0520, TP 2.0357
EUR/USD
1 August 2007 03:57:22
Price ; 1.3679
Expected Range : 1.3770 - 1.3665
Support : 1.3670/ 1.3640 / 1.3606
Resistance : 1.3740 / 1.3770 / 1.3823
Recommendation : sell 1.3740, SL 1.3790, TP 1.3650
USD / JPY
1 August 2007 04:16:23
Price ; 118.61
Expected Range : 118.20 - 119.74
Support : 118.44 / 118.17 / 117.90
Resistance : 119.51 / 119.78 / 120.05
Recommendation : buy 118.70, SL 118.18, TP 119.35
sell 119.05, SL 119.62, TP 118.66
USD/CHF
1 August 2007 03:55:43
price ; 1.2016
Expected Range : 1.1978 - 1.2128
Support : 1.1996 / 1.1974 / 1.1953
Resistance : 1.2082 / 1.2104 / 1.2125
Recommendation : buy 1.2060, SL 1.2010, TP 1.2110
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