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INTRA-DAY USD/JPY:

Last Update At 18 Aug 2010 02:30 GMT

Range Forecast
85.20 / 85.45


Resistance/Support
R: 85.69 / 85.96 / 86.25
S: 85.11 / 84.94 / 84.72

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INTRA-DAY EUR/USD:

Last Update At 18 Aug 2010 02:31 GMT

Range Forecast
1.2835 / 1.2865


Resistance/Support
R: 1.2917/1.2933/1.2963
S: 1.2835/1.2805/1.2777

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INTRA-DAY USD/CHF:

Last Update At 18 Aug 2010 02:34 GMT

Range Forecast
1.0420 / 1.0450


Resistance/Support
R: 1.0465/1.0490/1.0555 ...

EURUSD Forecast:
The EURUSD continued its moderate recovery yesterday. On h1 chart below we can see that price is moving in a new minor bullish channel but there are some downside pressure earlier today in Asian session as price is now testing the lower line of the bullish channel. Violation to the minor bullish channel could pause the recovery testing 1.2800 even 1.2735/00 and the lower line of the major bullish channel. Immediate resistance at 1.2916/30 area. Break above that area could trigger further recovery testing 1.3000. It's been a difficult market for the last two weeks as I have conflicting trend in multi time frames and risk aversion-appetite seems to control the market sentiment again adding uncertainty and volatility. ...

[B]Bias:[/B] It's a close call but the 1.0449 resistance does still seem to be the dividing line between bullish & bearish

It was a pretty messy day but the 1.0449 resistance has held well. To maintain the bearish structure we now require the 1.0408 corrective low to break to generate a retest of the 1.0331-50 lows. If seen this could generate a limited correction but subsequent follow-through lower should then accelerate losses through 1.0290-00 and to the 1.0250-55 support. Expect a correction from there. This would imply a final move to the 1.0140-67 area.

Only a break above 1.0450 and preferably the 1.0483 pivot resistance would suggest that the decline has been corrective and then we should look for gains ...

Attached Files

• The Brief Daily Forecaster.pdf (27.8 KB, 87 次查看)

Market Review - 17/08/2010 22:53 GMT

Euro surges on solid demand at European debt auctions

Euro rose strongly across the board on Tuesday as solid Irish and Spanish bond auctions eased worries about the ability of peripheral eurozone countries to recapitalize.

The single currency edged higher after finding buying interest at 1.2805 in Asia and rose strongly to 1.2917 in Europe, as eurozone economic sentiment rose to 15.8 against the expectations of 9.3 and the reading of 10.7 in July. The results of Irish bond auction (Ireland got 2.695 billion and 2.39 billion euros bids for 2014 and 2020 respectively and sold 1.5 billion euros in an auction of 2014 and 2020 paper) gave support to the single ...