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AUDUSD breaks above the upper border of the falling price channel, suggesting that a cycle bottom has been formed at 0.9134 level on 4-hour chart, and the fall form 0.9381 has completed. Now the bounce from 0.9134 could possibly be resumption of uptrend from 0.8577 (Feb 5 low), however, a break above 0.9381 previous high is needed to confirm the resumption of uptrend. Support levels are 0.9255 and 0.9220, below these levels could bring price back to downtrend 0.9381, then another fall to 0.9100 area could be seen.



Daily Forex Analysis

[B]Moderate changes in the major indexes are foreseen in the U.S. and European markets. The GDP and Employment Cost Index in the U.S. open today’s report. Let’s see what awaits us today.[/B]
In the US, Advance Gross Domestic Product (GDP), is the earliest GDP release, measuring the annualized change in the inflation-adjusted value of all goods and services produced by the economy, giving us a glimpse into the state of the U.S. economy, is expected to drop from 5.6% to 3.4% while the Advance GDP Price Index, measuring annualized change in the price of all goods and services included in GDP is expected to rise from 0.5% to 0.9% and might increase interest rates.

Later in the US, Employment Cost Index released quarterly, ...

[B]Bias: [/B] I feel we're more likely to see a dip to the 0.9972-78 area before a recovery

With yesterday's decline I feel the 1.0071-78 area should now cap to extend losses to the 0.9972-78 area. I feel this should stall the decline and reverse back into the larger range. Thus only break of this support would extend losses to the 0.9929 low. Beyond there we will need to revert to the original targets.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are available on the Daily Forecast page of my web site in the ...

Attached Files

• The Brief Daily Forecaster.pdf (76.6 KB, 106 次查看)

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3228

Late Update At 30 Apr 2010 02:11 GMT

Despite initial cross-inspired rebound to 1.3266
(AUS), failure to re-test y'day's 1.3279 high has
caused euro to retreat n initial sup at 1.3223 must hold for prospect of another bounce twd 1.3279 but abv needed to extend upmove fm 1.3114 to 1.3290/00.


Remain as cautious buyer, stop as indicated as
break may risk stronger retrace. twd 1.3185/90.


Range Forecast
1.3225 / 1.3250


Resistance/Support
R: 1.3279/1.3291/1.3341
S: 1.3223/1.3209/1.3184

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