MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » General Trading Forum

[kshitij]

EURO, JAP YEN and EURO-YEN
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fx...shtml#register

Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
---------------------


$-Swiss @ 1.2444/49....Sell rally/ Buy dip
------------------------------------------
R: 1.2476 / 1.2522
S: 1.2425 / 1.2405 / 1.2372
$-Swiss rallied to a high of 1.2480 during the day but has once again slipped a bit. Intraday now there is good Support coming in at 1.2425, a break below which could lead to a fall towards 1.2405 or 1.2372, which falls on a trendline on the Daily Candles, joining the lows of 1.1922 (15-May) and 1.2183 (21-Aug). On the upside the Resistances are coming in at 1.2476 and then at 1.2522, the statistically projected Max High for the day. We would like to sell a rally or buy a dip.

Orders:
Sell $25K at 1.2490, SL 1.2535, TP 1.2430
Buy $25K at 1.2400, SL 1.2360, TP 1.2520


Cable @ 1.9075/80....Range 1.9000-9140 now
------------------------------------------
R: 1.9100 / 1.9147
S: 1.9030 / 1.9000 / 1.8978
The Cable has been volatile during the day. It dipped to a low of 1.9032 during the day and has once again bounced back. Thankfully, our Sell order was missed by 2 pips. Now expect the pair to remain ranged between 1.9000 and 1.9140.

Intraday the Supports are coming in at 1.9030 and then at 1.9000. The statistically projected Max Low for the day is at 1.8978. On the upside the Resistance is at 1.9100 and then at 1.9147. Note, the statistically projected Max High for the day is at 1.9145.



Aussie @ 0.7731/5....Range 0.7705-70
-------------------------------------
R: 0.7753 / 0.7770
S: 0.7705 / 0.7677
The Aussie has sprang back up after dipping to a low of 0.7705 earlier in the day. Now the pair is likely to range between 0.7705 and 0.7770 over today and tomorrow.

For today the Resistance is coming in at 0.7753, which is the statistically projected Max High for the day. Above this the Resistance is at 0.7770. On the downside the Support is at 0.7705, which is the statistically projected Max Low for the day. If that breaks (unlikely), then there could be a fall towards 0.7677.




Happy Trading!