Daily FX Market Comment 24/3

Discussion in 'Forex' started by nico3725, Mar 24, 2003.

  1. EUR/USD 1.0726. EUR was contained well below 1.0790 yesterday for the suggested drop to 1.0685/90. Short term weakness is expected to be held above 1.0715/00 now for one more rise to 1.0765 or 1.0785/1.0800. Unexpected break below 1.0685 will lead to further fall towards 1.0660 or even 1.0590.

    USD/CHF 1.3830. Dollar’s short term strength may be held below 1.3855/70 area for a drop to 1.3775 or 1.3735. Unexpected break above 1.3900 may be a trigger for further gains towards 1.3935 or 1.4010/15.

    USD/JPY 119.89. Dollar is likely to fall to 119.35/20 from 120.10 or 120.35.

    GBP/USD 1.5690. The anticipated drop materialized. Now 1.5665/60 should contain weakness for rise to 1.5770.

    EUR/CHF 1.4840. No change in view. EUR’s present strength should carry it up to 1.4880/85. Supports are at 1.4800 & 1.4775.

    EUR/JPY 128.56. Short term uptick to 128.85/129.00 is looked for while above 128.25.

    EUR/GBP 0.6838. One more dip to 0.6820 is possible while below 0.6850.

    AUD/USD 0.6010. Short term rise to 0.6035/40 is looked for. Support is at 0.5985/80.

    USD/CAD 1.4758. Short term uptick to 1.4785/1.4800 is possible. Support is at 1.4725.
     
    #11     Apr 4, 2003
  2. EUR/USD 1.0645. EUR went up to 1.0740 only in late deals on Friday & break below 1.0680 early this morning has turned the picture bearish. It should aim for 1.0600/1.0590 now. Sustained bearishness will lead to fall towards 1.0490 also later. Resistances are at 1.0680 & 1.0700.

    USD/CHF 1.3970. Dollar’s break above 1.3900 is positive for further gains towards 1.4015 or 1.4055/85. Supports are at 1.3920 & 1.3895.

    USD/JPY 120.70. 120.35/20 support area is likely to contain Dollar weakness for a rise to 121.35/45 initially & to 122.05/20 later.

    GBP/USD 1.5580. Cable turned down from 1.5730 instead of the ideal 1.5770 we looked for on Friday. Now 1.5635/55 levels should repulse its advances for fall to 1.5535 initially & break below that level will lead to 1.5470/55.

    EUR/CHF 1.4877. EUR has tested our suggested target near 1.4885 & divergences in some Indicators are appearing warning of limited upside potential. Break above 1.4890 may yield 1.4930/35 after which drop to 1.4835/15 is anticipated.

    EURJPY. 128.51. One more short term uptick to 129.05/129.10 is possible while above 128.25/15.

    EUR/GBP 0.6828. One more dip to 0.6805/00 is possible while below 0.6855.

    AUD/USD 0.5971. Short term drop to 0.5955/45 is looked for. Resistance is at 0.5995/00.

    USD/CAD 1.4784. Short term uptick to 1.4810/15 is possible. Support is at 1.4745.
     
    #12     Apr 7, 2003
  3. EUR/USD.. .1.0645. Markets continue to be jittery over developments on war front. Still considering this down move as correction which may extend up to 1.0495 below which to 1.0380/65 also. Supports are at 1.0500 & 1.0460. As long as 1.0320 contains the weakness EUR will retain the chances for resuming its uptrend towards 1.1125/1.1280/1.1335.

    USD/CHF.. 1.3975. No change in view. Dollar continues to be in up correction. Resistances are at 1.4060, 1.4105 & 1.4320. As long as Dollar remains below 1.4315/25 we cannot rule out the possibility of down move to 1.3155/1.3060/1.2930.

    USD/JPY..120.70. Dollar went below supports mentioned last week, but it still looks poised for test of 122.15 or 122.60/70. Supports are at 118.65 & 117.60.

    GBP/USD..1.5575.No change in view. Resistances are at 1.5835 & 1.5885. As these hold one more drop to 1.5470/55 is on the cards.

    Regards.

    Source : http://www.realtimeforex.com/index.html
     
    #13     Apr 7, 2003
  4. EUR/USD 1.0651. EUR went down as expected to test 1.0560 before the rather strong bounce to 1.0700. Picture is unclear & probably a large triangle may be in the making. Short term bounce to 1.0720 or 1.0775/80 cannot be ruled out now. Supports are at 1.0620 & 1.0585.

    USD/CHF 1.3946. Dollar duly tested the suggested 1.4080 target but the subsequent strong sell off warns of further drop to 1.3835 or 1.3770/55. Resistances are at 1.3990 & 1.4035.

    USD/JPY 119.88. Short term drop to 119.40/35 is possible while below 120.30/35. But on bigger pictures Dollar still has potential for a thrust higher to 121.35/45 while above 119.10/118.80.

    GBP/USD 1.5536. Cable may inch higher to 1.5575/85 in short term while above 1.5515/00. Big picture continue to point at more falls later.

    EUR/CHF 1.4854. One more drop to 1.4830 is still possible in the short term. But as long as 1.4820/10 is holding EUR will maintain its uptrend.

    EUR/JPY 127.83.Short term drop to 127.45/35 is possible while below 128.25.

    EUR/GBP 0.6862. The suggested drop to 0.6810 materialized. Now EUR may grind higher to 0.6895/00. Support is at 0.6845.

    AUD/USD 0.5982. AUD may inch higher to 0.6010 while above 0.5955/50.

    USD/CAD 1.4784. Short term drop to 1.4710/05 is possible. Resistances are at 1.4840 & 1.4860.
     
    #14     Apr 8, 2003
  5. EUR/USD 1.0743. Suspected triangle scenario is still valid & EUR looks good for test of 1.0775/80 & above that 1.0815/30 also. Immediate support is at 1.0705/1.0695 & below that 1.0665/50.

    USD/CHF 1.3833. Dollar weakness is likely to continue & it should be sold off to 1.3785 or 1.3740/35. Resistances are at 1.3885 & 1.3925.

    USD/JPY 119.98. No change in view. Short term drop to 119.65 or 119.40/35 is possible while below 120.30/35. But on bigger pictures Dollar still has potential for a thrust higher to 121.35/45 while above 119.10/118.80.

    GBP/USD 1.5548. No change in view. Cable may inch higher to 1.5575/85 in short term while above 1.5485. Big pictures continue to point at more falls later.

    EUR/CHF 1.4862. EUR may trade in 1.4830-1.4890 range for some time. As long as 1.4815/10 supports more advances are on the cards.

    EUR/JPY 128.90. Short term thrust higher to 129.35/50 is anticipated while above 128.60/50.

    EUR/GBP 0.6899. Short term potential for test of 0.6925/40 exists while supports at 0.6880/65 hold.

    AUD/USD 0.6016. AUD may inch higher to 0.6045 while above 0.5995/85.

    USD/CAD 1.4662. Short term drop to 1.4625/00 is looked for. Resistances are at 1.4710 & 1.4740.
     
    #15     Apr 9, 2003
  6. EUR/USD 1.0773. EUR is moving along projected lines so far & it may advance to 1.0810/15 or 1.0835/50 now. 1.0735/20 is good support area.

    USD/CHF 1.3792. Dollar ran into resistance near 1.3925 & the expected fall to 1.3775 materialized. Though it seems to have met one target near 1.3775, short term pictures hint at one more drop to 1.3755/35. Resistance is at 1.3845/60.

    USD/JPY 120.01. No change in view. Dollar still has potential for a thrust higher to 121.35/45. Supports are at 119.65 & 119.35 ahead of 119.10 & 118.80.

    GBP/USD 1.5658. Short term advance to 1.5705/20 is expected. Supports are at 1.5615 & 1.5575. Big pictures continue to point at more falls later.

    EUR/CHF 1.4864. No change in view. EUR may trade in 1.4830-1.4890 range for some time. As long as 1.4815/10 supports more advances are on the cards.

    EUR/JPY 129.38. Short term thrust higher to 129.70/80 is on the cards while above 129.05/128.95.

    EUR/GBP 0.6878. Short term weakness may push EUR down to 0.6850/45. Resistance is at 0.6900/05.

    AUD/USD 0.6052. Correction down to 0.6030 is possible now.

    USD/CAD 1.4657. Some consolidation between 1.4625 & 1.4715 is possible before Dollar turns weaker again.
     
    #16     Apr 10, 2003
  7. EUR/USD 1.0781. EUR met our suggested target comfortably. It is still trading within a triangle. Immediate support is at 1.0750 break of which will push EUR down to 1.0725/1.0695. On the other hand break above 1.0835/40 will help it test 1.0875/85.

    USD/CHF 1.3869. Dollar dipped to 1.3780 after testing 1.3880 but later registered a strong recovery unlike against EUR. Short term advances to 1.3925 or 1.3960/65 are now possible. Supports are at 1.3850 & 1.3825.

    USD/JPY 119.73. No change in view. Dollar still has potential for a thrust higher to 121.35/45. Supports are at 119.65 & 119.35 ahead of 119.10 & 118.80.

    GBP/USD 1.5702. Break above 1.5730 will prompt test of 1.5760/65. Support is at 1.5675/70.

    EUR/CHF 1.4954. Break above 1.4885 is positive for EUR’s advances to 1.4985/1.5000. Supports are at 1.4910 & 1.4895/85.

    EUR/JPY 129.07. Potential for EUR’s upside thrust towards 129.80 or 130.05/20 still exists while above 128.40.

    EUR/GBP 0.6864. One more push down to 0.6840/35 is looked for. Resistance is at 0.6880/85.

    AUD/USD 0.6064. Correction down to 0.6045/35 is possible from 0.6085/90.

    USD/CAD 1.4536. More weakness towards 1.4480/65 may be seen. Resistance is at 1.4595/1.4615.
     
    #17     Apr 11, 2003