SENSEX (Close- 14483.83) Sensex has seen weakness on last trading day and closed below 14500 marks. Technically Sensex has major support at 14000 marks. This sell off was much inspired by global weakness. We cannot ignore the fact that market is in over sold zone. I like to say that a lot has chenged for stock market on this weekend and good reaction is expected. Technical signal is still favourin
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Daily Market CommentEUR-USD 1.4830. It should be subject to more sell off towards 1.4802 or 1.4774. Corrective upward swings should face resistance around 1.4851 area. A break of 1.48615 is bullish. USD-CHF 1.0894. Current upmove should continue up to 1.0932 or 1.097. Any correction should find support in 1.0892 - 1.0873 zone. USD-JPY 108.06. Current upmove should continue up to 1.0932 or 1.097. Any correction should find support in 1.0892 - 1.0873 zone. GBP-USD 1.9672. Current upmove should be over between1.9687 and 1.9663. A correction down to 1.9578 is anticipated. A break of 1.9710 is bullish. EUR-CHF 1.6155. Current rise seems to be over near 1.6166 or 1.6189 for a retracement towards 1.6143 - 1.6127 area. EUR-JPY 160.27. Current rise seems to
Daily Market CommentEUR-USD 1.4831. One move lower to 1.4792 or 1.4752 is anticipated while below 1.4847 - 1.4867 area. Stop loss above 1.4902 zone. USD-CHF 1.0849. It may meet resistance in 1.0849 - 1.0868 zone for a drift down to 1.0793 zone, after which bounce to 1.0884 is anticipated. USD-JPY 107.21. Market should hold major support at 106.36 before rising towards 107.61 or even 108.01 limit. GBP-USD 1.9671. One move lower to 1.9618 or 1.9564 is anticipated while below 1.9690 - 1.9717 area. Stop loss above 1.9762 zone. EUR-CHF 1.6091. It should register further gains to 1.6151 while 1.6049 caps downside attempts. Stop loss below 1.6006 zone. EUR-JPY 159.01. Market should hold major support at 158.32 before rising towards 159.47 or even 159.94
Daily Market CommentEUR-USD 1.4715. It should trade higher to above 1.4759 while 1.4687 offer support. Minor support at 1.4665. Stop Loss below 1.4570 zone. USD-CHF 1.0996. Market looks set for gains towards 1.1036 or above in extension. Dips should find support at 1.0986 - 1.0966 zone. USD-JPY 108.12. It looks set for gains to above 108.50. Supports at 107.80 and 107.99. A break of 107.60 will damage this bullish structure. GBP-USD 1.9418. Current fall is near an end of wave around 1.9331 - 1.9389 zone, a rally should then procede to above 1.9461 or 1.9493. Fall below 1.9287 would cancel this scenario. EUR-CHF 1.6180. Market looks set for gains towards 1.6211 or above in extension. Dips should find support at 1.6152 - 1.6136 zone. EUR-JPY 159.09
Daily Market CommentEUR-USD 1.4725. Current rise seems to be over near 1.4741 or 1.4774 for a retracement towards 1.4708 - 1.4684 area. USD-CHF 1.0941. There is bearish potential for a fall to 1.0892 while 1.0959 - 1.0984 resist. After this fall a recovery up to 1.0984 or 1.1008 is expected. USD-JPY 107.77. It may attempt a test higher to 108.03 after which weakness may set it to a drift down to below 107.23 limit. GBP-USD 1.9485. It may meet resistance in 1.9485 - 1.9493 zone for a drift down to 1.9460 zone, after which bounce to 1.9514 is anticipated. EUR-CHF 1.6112. Decline should be supported around 1.6080 - 1.6048 zone for rally to above 1.6190. A clear break of 1.6048 will damage this expected rally. EUR-JPY 158.70. Market looks set for gains
Daily Market CommentEUR-USD 1.4658. It should be subject to more sell off towards 1.4615 or 1.4573. Corrective upward swings should face resistance around 1.4674 area. A break of 1.4714 is bullish. USD-CHF 1.1020. Current rise seems to be over near 1.1033 or 1.1067 for a retracement towards 1.0999 - 1.0976 area. USD-JPY 108.23. Currently uptrend should end around 108.35 - 108.45 area. A correction down to below 107.88 is expected. A rise above 108.67 will abort the expected correction. GBP-USD 1.9525. It is likely to attempt nearer support at 1.9454 for extending further to below 1.9383 while below 1.9525 - 1.9582 area. Rise above 1.9617 would dampen this bearish expectation. EUR-CHF 1.6152. Current rise seems to be over near 1.6161 or 1.6199 for a retrace
Daily Market CommentEUR-USD 1.4358. N/A USD-CHF 1.1566. It looks set for gains to above 1.1603. Supports at 1.1540 and 1.1559. A break of 1.1521 will damage this bullish structure. USD-JPY 114.19. Market looks set for gains towards 114.61 or above in extension. Dips should find support at 113.78 - 113.57 zone. GBP-USD 1.9822. It should be subject to more weakness towards 1.9790. After which a correction to above 1.9874 is anticipated. A break of 1.9758 is bearish. EUR-CHF 1.6605. Any possible decline should be supported around 1.6584 - 1.6564 zone for rally to above 1.6652. A clear break of 1.6564 will damage this expected rally. EUR-JPY 163.93. It should trade higher to 164.59 while 163.29 or 162.96 offers support. Stop loss below 162.62 zone. EUR-GBP 0.7243. A correction down to 0.7220 folowed buy a mouve up to 0.7250 or 0.7261. A break above 0.7279 would accelerate this bullish move. AUD-USD 0.8671. Uptrend is still intact i
Daily Market Comment EUR-USD 1.4329. Current fall is near an end of wave around 1.4279 - 1.4286 zone, a rally should then procede to above 1.4360 or 1.4377. Fall below 1.4262 would cancel this scenario. USD-CHF 1.1582. Current rise should end around 1.1572 or 1.1602. Objectives of this downmove are 1.1553 or 1.1523. A rise above 1.1621 is again bullish. USD-JPY 113.14. Market should hold major support at 112.70 before rising towards 113.44 or even 113.75 limit. GBP-USD 1.9839. It may meet resistance in 1.9839 - 1.9878 zone for a drift down to 1.9722 zone, after which bounce to 1.9912 is anticipated. EUR-CHF 1.6596. It is likely to fall towards 1.6574 as its corrective rally could falter in 1.6608 - 1.6597 area. Stop above 1.6618 zone. EUR-JPY 162.11. It is likely to attempt nearer support at 161.53 for extending further to below 160.96 while below 162.11 - 162.62 area. Rise above 162.90 would dampen this bearish expectation. EUR-GBP 0
Daily Market CommentEUR-USD 1.4414. It should trade higher to 1.4444 or above 1.4474 in extention. Supports at 1.4390 and 1.4405. Stop loss below 1.4375 zone USD-CHF 1.1518. It should trade lower to 1.1489. Resistances are at 1.1527 and 1.1541. A break of 1.1534 is bullish. USD-JPY 113.40. Corrective dips should ideally halt near 113.22 or 113.07 for one more thrust upwards towards 113.47 - 113.71 area or 114.01 in extention. Fall below 112.92 puts it back on a downward path. GBP-USD 2.0145. Market should pop up towards 2.0210 or 2.0276 this bullish scenario would be damaged if 2.0133 - 2.0095 zone is broken, a severe break down could then occur. EUR-CHF 1.6601. It should be subject to more sell off towards 1.6561 or 1.6521. Corrective upward swings should face resistance around 1.6646 area. A break of 1.6639 is bullish. EUR-JPY 163.45. It looks set for gains to above 163.92. Supports at 162.93 and 163.16. A break of 162.69 will damage this bul
Daily Market CommentEUR-USD 1.4400. It should test higher than 1.4458. Entry point are at 1.4366 and 1.4336. A break of 1.4273 is bearish. USD-CHF 1.1491. There are initial signs of a good corrective recovery towards 1.1533 or even 1.1551. Supports at 1.1485 and 1.1454 zone. USD-JPY 112.94. There are initial signs of a good corrective recovery towards 113.21 or even 113.34. Supports at 112.89 and 112.69 zone. GBP-USD 2.0205. Is expected to fall lower than 2.0052. Entry sell point are at 2.0217 or 2.0255 . Stop loss above 2.0255. EUR-CHF 1.6547. Market should not go lower than 1.6490. After this move down it should go up to 1.6540 - 1.6579 area. EUR-JPY 162.64. It may meet resistance in 162.64 - 162.84 zone for a drift down to 162.03 zone, after which bounce to 163.09 is anticipated. EUR-GBP 0.7127. Current fall is near an end of wave around 0.71 - 0.7111 zone, a rally should then procede to above 0.7142 or 0.7152. Fall below 0.7088 wo
Daily Market CommentEUR-USD 1.4424. Market should not go lower than 1.4316. After this move down it should go up to 1.4418 - 1.4497 area. USD-CHF 1.1525. Currently uptrend should end around 1.1620 - 1.1581 area. A correction down to below 1.1435 is expected. A rise above 1.1638 will abort the expected correction. USD-JPY 113.41. Currently uptrend should end around 113.96 - 113.93 area. A correction down to below 112.55 is expected. A rise above 114.45 will abort the expected correction. GBP-USD 2.0173. Market should meet resistance at 2.0256. We expect then an extended move down to 2.0065 -1.9924 area. EUR-CHF 1.6625. Market should meet resistance at 1.6654. We expect then an extended move down to 1.6622 -1.6538 area. EUR-JPY 163.57. Market should pop up towards 164.40 or 165.22 this bullish scenario would be damaged if 162.90 - 162.81 zone is broken, a severe break down could then occur. EUR-GBP 0.7150. Current fall is near an end o
Daily Market CommentEUR-USD 1.4633. Downtrend is still intact.It should continue to fall to 1.4605 or 1.4561 if resistance at 1.4649 area doesnt break . Direct rise above 1.4649 could turn the picture bullish for a corrective up move to 1.4685 or even 1.4721 limit . USD-CHF 1.1411. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1449 or 1.1540 if support around 1.1387 hold. After which a pullback to 1.1387 - 1.1355 zone is possible. USD-JPY 112.22. Uptrend is still intact in a triangle configuration. It should continue to rally to 112.65 or 113.06 if support around 112.02 hold. After which a pullback to 112.02 - 111.81 zone is possible. GBP-USD 2.0414. Current upmove should continue up to 2.0485 or 2.0556. Any correction should find support in 2.0413 - 2.0378 zone. EUR-CHF 1.6698. Current rise should end around 1.6687 or 1.6730. Objectives of this downmove are 1.6655 or 1.6612. A rise above 1.6762 is again bullish.
Daily Market CommentEUR-USD 1.4706. A correction down to 1.4655 or lower is now expected from 1.4701 or 1.4727. A break above 1.4799 is needed to turn bullish. USD-CHF 1.1347. Strength can extend to 1.1374 or even higher than 1.1407 as declines are expected to find support at 1.1311 or 1.1280. Stop Loss below 1.1214 zone. USD-JPY 112.24. Difficult to predict next move. It should stay in a trading range between 111.78 - 113.62 GBP-USD 2.0468. Strength can extend to 2.0523 or even higher than 2.0584 as declines are expected to find support at 2.0404 or 2.0346. Stop Loss below 2.0224 zone. EUR-CHF 1.6687. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6726 or 1.6834 if support around 1.6655 hold. After which a pullback to 1.6655 - 1.6618 zone is possible. EUR-JPY 165.05. It should trade higher to 166.18 while 164.17 or 163.60 offers support. Stop loss below 163.03 zone. EUR-GBP 0.7184. Difficult to p
Daily Market CommentEUR-USD 1.4711. Currently uptrend should end around 1.4752 - 1.4751 area. A correction down to below 1.4655 is expected. A rise above 1.4792 will abort the expected correction. USD-CHF 1.1281. Market should hold major support at 1.1243 before rising towards 1.1310 or even 1.1340 limit. USD-JPY 111.69. A corrective/consolidation activity between 111.40 and 111.83 is likely for a while. GBP-USD 2.0462. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0557 or 2.0599 if support around 2.0421 hold. After which a pullback to 2.0421 - 2.0387 zone is possible. EUR-CHF 1.6598. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6604 or 1.6650 if support around 1.6573 hold. After which a pullback to 1.6573 - 1.6560 zone is possible. EUR-JPY 164.33. Currently uptrend should end around 164.81 - 164.87 area. A correction down to below 163.49 is expected. A rise above
Daily Market CommentEUR-USD 1.4654. Current upmove should be over between1.4663 and 1.4641. A correction down to 1.4569 is anticipated. A break of 1.4684 is bullish. USD-CHF 1.1285. Our preferred outlook is for a drift down to 1.1264 or below 1.1242. Resistances are at 1.1285 and 1.1298. A rise above 1.1320 would delay but not abort this expected fall. USD-JPY 111.70. Currently uptrend should end around 112.03 - 111.93 area. A correction down to below 111.31 is expected. A rise above 112.17 will abort the expected correction. GBP-USD 2.0316. It should trade higher to 2.0368 while 2.0294 or 2.0269 offers support. Stop loss below 2.0243 zone. EUR-CHF 1.6538. Decline should be supported around 1.6519 - 1.6500 zone for rally to above 1.6590. A clear break of 1.6500 will damage this expected rally. EUR-JPY 163.69. Currently uptrend should end around 164.17 - 164.27 area. A correction down to below 162.73 is expected. A rise above 164.85 will abort t
Daily Market CommentEUR-USD 1.4637. Is expected to fall lower than 1.4479. Entry sell point are at 1.4645 or 1.4684 . Stop loss above 1.4684. USD-CHF 1.1297. Should test support at 1.1258 while below 1.1297. If support at 1.1258 holds it can rise up to 1.1345, if not it should fall to below 1.1218 zone. USD-JPY 111.32. A correction down to 110.81 folowed buy a mouve up to 111.39 or 111.64. A break above 111.97 would accelerate this bullish move. GBP-USD 2.0280. Is expected to fall lower than 2.0127. Entry sell point are at 2.0296 or 2.0334 . Stop loss above 2.0334. EUR-CHF 1.6537. Current rise seems to be over near 1.6541 or 1.6567 for a retracement towards 1.6514 - 1.6500 area. EUR-JPY 162.93. Market looks set for gains towards 163.63 or above in extension. Dips should find support at 162.42 - 162.07 zone. EUR-GBP 0.7217. Currently uptrend should end around 0.7225 - 0.7235 area. A correction down to below 0.7188 is expected. A rise ab
Daily Market Comment EUR-USD 1.4611. There is bearish potential for a fall to 1.4545 while 1.4658 - 1.4691 resist. After this fall a recovery up to 1.4691 or 1.4723 is expected. USD-CHF 1.1274. It should trade lower to 1.1190. Resistances are at 1.1281 and 1.1323. A break of 1.1379 is bullish. USD-JPY 110.89. It should trade higher to 111.33 while 110.52 or 110.30 offers support. Stop loss below 110.08 zone. GBP-USD 2.0263. Market should not go lower than 2.0112. After this move down it should go up to 2.0255 - 2.0373 area. EUR-CHF 1.6475. One more dip to 1.6446 is likely followed by a grind higher to above 1.6496. After which it can resume his downtrend. EUR-JPY 162.02. Current move should be supported in 161.75 zone for a rise to above 163.77. A break below 160.61 opens the way down. EUR-GBP 0.7209. One move lower to 0.717 or 0.713 is anticipated while below 0.7224 - 0.7244 area. Stop loss above 0.7278 zone. AUD-USD 0.8700.
Daily Market CommentEUR-USD 1.4758. Current rise seems to be over near 1.4763 or 1.4805 for a retracement towards 1.4720 - 1.4697 area. USD-CHF 1.1167. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1137 or 1.1112. Major support is clustered around 1.1021 limit. USD-JPY 109.87. It may meet resistance in 109.87 - 109.99 zone for a drift down to below 109.01 zone. GBP-USD 2.0591. While below 2.0576 - 2.0608 it might drop to 2.0543 or below 2.0494 zone. EUR-CHF 1.6482. Market should meet resistance at 1.6507. We expect then an extended move down to 1.6466 -1.6406 area. EUR-JPY 162.15. Market should hold major support at 160.92 before rising towards 162.70 or even 163.24 limit. EUR-GBP 0.7167. Current rise seems to be over near 0.7173 or 0.7200 for a retracement towards 0.7146 - 0.7129 area. AUD-USD 0.8737. It is likely to attempt nearer support at 0.8694 for extending further to below
Daily Market CommentEUR-USD 1.4667. It may attempt a test higher to 1.4688 after which weakness may set it to a drift down to below 1.4622 limit. USD-CHF 1.1273. There are initial signs of a good corrective recovery towards 1.1292 or even 1.1305. Supports at 1.1262 and 1.1246 zone. USD-JPY 110.46. Current move should be supported in 110.30 zone for a rise to above 111.41. A break below 109.65 opens the way down. GBP-USD 2.0658. It should trade lower to 2.0467. Resistances are at 2.0621 and 2.0669. A break of 2.0716 is bullish.confirmed by a close above 2.0770 limit. EUR-CHF 1.6534. Decline should be supported around 1.6508 - 1.6483 zone for rally to above 1.6599. A clear break of 1.6483 will damage this expected rally. EUR-JPY 162.01. One more dip to 161.38 is likely followed by a grind higher to above 162.38. After which it can resume his downtrend. EUR-GBP 0.7099. It should see a sell off to below 0.7080 while 0.7108 area curtails its
Daily Market Comment EUR-USD 1.4630. Market should not go lower than 1.4567. After this move down it should go up to 1.4630 - 1.4681 area. USD-CHF 1.1325. N/A USD-JPY 111.11. Uptrend is still intact in a triangle configuration. It should continue to rally to 111.27 or 112.23 if support around 110.66 hold. After which a pullback to 110.66 - 110.38 zone is possible. GBP-USD 2.0560. It should see a sell off to below 2.0496 while 2.0598 area curtails its upside. A break beyond 2.0662 will abort the downside. EUR-CHF 1.6568. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6610 or 1.6652 if support around 1.6545 hold. After which a pullback to 1.6545 - 1.6524 zone is possible. EUR-JPY 162.57. While below 162.76 - 163.22 it might drop to 161.65 or below 160.74 zone. EUR-GBP 0.7116. There is bearish potential for a fall to 0.7096 or 0.7076 while 0.7140 - 0.7150 resist. After this fall a recovery up to 0.7
Daily Market CommentEUR-USD 1.4744. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.4701 or 1.4697. Major support is clustered around 1.4666 limit. USD-CHF 1.1179. While below 1.1223 it is more likely to fall further towards 1.1142 or 1.11200. Premature rise above 1.1223 could see it rising above 1.1267 zone. USD-JPY 109.93. Strength can extend to 110.12 or even higher than 110.34 as declines are expected to find support at 109.70 or 109.50. A fall below 109.06 could turn it bearish. GBP-USD 2.0613. Prefer a fall to 2.0604 or 2.0531. Then a correction to 2.0718 is anticipated. A clear break of 2.0450 is again bearish. EUR-CHF 1.6482. Decline should be supported around 1.6467 - 1.6451 zone for rally to above 1.6525. A clear break of 1.6451 will damage this expected rally. EUR-JPY 162.09. Current move should be supported in 161.83 zone for a rise to above 164.47. A break below 160.37 opens the way down.
Daily Market Comment EUR-USD 1.4841. It should test 1.4952 area after which a sell off down to 1.4749 or extended to 1.4657 area is expected. USD-CHF 1.1109. Resistances lie around 1.1152 and 1.1269. It should test lower towards 1.1035 zone. A clear break of 1.1091 would be bearish. USD-JPY 110.02. Uptrend is still intact in a triangle configuration. It should continue to rally to 111.16 or 111.81 if support around 109.59 hold. After which a pullback to 109.59 - 109.14 zone is possible. GBP-USD 2.0823. Market looks set for gains towards 2.0910 or above in extension. Dips should find support at 2.0746 - 2.0703 zone. EUR-CHF 1.6487. Current upmove should be ended around 1.6543 - 1.6600. Any correction consolidation should find support in 1.6458 - 1.6430 zone. EUR-JPY 163.29. Current rise seems to be over near 163.44 or 164.51 for a retracement towards 162.37 - 161.76 area. EUR-GBP 0.7127. Overall structure is bearish. Decelerating m
Daily Market CommentEUR-USD 1.4829. While above 1.4819 - 1.4789 zone a corrective dip could test 1.4849 or 1.4869 or 1.4888. After which it should resume his downtrend. USD-CHF 1.1053. It should trade lower to 1.0982. Resistances are at 1.1062 and 1.1097. A break of 1.1134 is bullish. USD-JPY 108.97. It should trade higher to 109.66 while 108.47 or 108.13 offers support. Stop loss below 107.78 zone. GBP-USD 2.0686. It looks more likely that it would rise to above 2.0721 or 2.0748 from 2.0664 or 2.0633. After which a downside move to below 2.0579 is expected. EUR-CHF 1.6391. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6404 or 1.6476 if support around 1.6370 hold. After which a pullback to 1.6370 - 1.6349 zone is possible. EUR-JPY 161.61. It should trade higher to 162.51 while 160.94 or 160.49 offers support. Stop loss below 160.04 zone. EUR-GBP 0.7168. We prefer to see an attempt to below 0.7154
Daily Market CommentEUR-USD 1.4871. It should trade lower to 1.4773. Resistances are at 1.4854 and 1.4879. A break of 1.4903 is bullish.confirmed by a close above 1.4922 limit. USD-CHF 1.0969. Support at 1.0963 or 1.0926 should hold. Then a correction to above 1.1115 is anticipated. A clear break of 1.0883 is again bearish. USD-JPY 107.41. Overall structure is bearish. Decelerating momentum could attract it towards supports at 107.29 or 106.83. Major support is clustered around 106.23 limit. GBP-USD 2.0711. Current upmove should end around 2.0766 - 2.0764 area. A correction down to below 2.0634 or even 2.0556 is expected. A rise above 2.0816 will abort the expected correction. EUR-CHF 1.6314. Prefer a fall to 1.6309 or 1.6279. Then a correction to 1.6356 is anticipated. A clear break of 1.6245 is again bearish. EUR-JPY 159.73. There is bearish potential for a fall to 159.02 or 158.32 while 160.61 - 160.96 resist. After this fall a recovery up t
Daily Market Comment EUR-USD 1.4849. It should be subject to more sell off towards 1.4823 or 1.4797. Corrective upward swings should face resistance around 1.4852 area. A break of 1.48865 is bullish. USD-CHF 1.1011. It should be subject to more weakness towards 1.0997. After which a correction to above 1.1032 is anticipated. A break of 1.0984 is bearish. USD-JPY 108.44. It should see a sell off to below 108.1 while 108.81 area curtails its upside. A break beyond 108.97 will abort the downside. GBP-USD 2.0619. N/A EUR-CHF 1.6351. Current fall is near an end of wave around 1.6306 - 1.6344 zone, a rally should then procede to above 1.6367 or 1.6380. Fall below 1.6298 would cancel this scenario. EUR-JPY 161.03. Overall structure is bearish. Decelerating momentum could attract it towards supports at 160.55 or 160.50. Major support is clustered around 160.00 limit. EUR-GBP 0.7201. A corrective/consolidation activity between 0.7182 and 0.7215
Daily Market Comment EUR-USD 1.4858. A correction down to 1.4799 folowed buy a mouve up to 1.4864 or 1.4893. A break above 1.4929 would accelerate this bullish move. USD-CHF 1.1017. It should register further gains to 1.1060 while 1.0995 caps downside attempts. Stop loss below 1.0972 zone. USD-JPY 108.42. Overall structure is bearish. Decelerating momentum could attract it towards supports at 107.88 or 107.79. Major support is clustered around 107.03 limit. GBP-USD 2.0653. A corrective/consolidation activity between 2.0554 and 2.0734 is likely for a while. EUR-CHF 1.6370. Any possible decline should be supported around 1.6338 - 1.6307 zone for rally to above 1.6449. A clear break of 1.6307 will damage this expected rally. EUR-JPY 161.11. Current fall seems to be over near 160.59 or 159.71 for a rebound towards 161.47 - 162.17 area. EUR-GBP 0.7193. While below 0.7215 it is more likely to fall further towards 0.7180 or 0.7168. Prematur
Daily Market Comment EUR-USD 1.4839. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4892 or 1.4992 if support around 1.4776 hold. After which a pullback to 1.4776 - 1.4738 zone is possible. USD-CHF 1.1058. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1018 or 1.1017. Major support is clustered around 1.0946 limit. USD-JPY 109.97. It is likely to fall towards 108.95 unless a corrective rally breaks the 110.28 resistance. Stop above 110.53 zone. GBP-USD 2.0666. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0678 or 2.0829 if support around 2.0602 hold. After which a pullback to 2.0602 - 2.0561 zone is possible. EUR-CHF 1.6410. It should trade higher to 1.6445 while 1.6394 or 1.6377 offers support. Stop loss below 1.6359 zone. EUR-JPY 163.21. It should trade higher to 164.26 while 162.35 or 161.83 offers support. Stop lo
Daily Market Comment EUR-USD 1.4665. Current rise should end around 1.4658 or 1.4694. Objectives of this downmove are 1.4628 or 1.4592. A rise above 1.4724 is again bullish. USD-CHF 1.1151. It should be subject to more weakness towards 1.1134. After which a correction to above 1.1185 is anticipated. A break of 1.1117 is bearish. USD-JPY 109.77. There is bearish potential for a fall to 109.32 or 108.88 while 110.42 - 110.64 resist. After this fall a recovery up to 110.42 or 110.64 is expected. GBP-USD 2.0503. It looks more likely that it would rise to above 2.0534 or 2.0561 from 2.0478 or 2.0448. After which a downside move to below 2.0394 is expected. EUR-CHF 1.6355. It should be subject to more weakness towards 1.6336. After which a correction to above 1.6387 is anticipated. A break of 1.6318 is bearish. EUR-JPY 160.98. While below 160.94 - 161.65 it might drop to 160.22 or below 159.46 zone. EUR-GBP 0.7152. Current upmove should be
Daily Market Comment EUR-USD 1.4648. It should be subject to more sell off towards 1.4596 or 1.4544. Corrective upward swings should face resistance around 1.4690 area. A break of 1.4705 is bullish. USD-CHF 1.1193. It is likely to fall towards 1.1112 unless a corrective rally breaks the 1.1220 resistance. Stop above 1.1240 zone. USD-JPY 110.93. It may attempt a test higher to 111.13 - 111.58 after which weakness may set it to a drift down to below 110.03 limit. GBP-USD 2.0522. It should trade higher to 2.0584 or above 2.0647 in extention. Supports at 2.0438 and 2.0469. Stop loss below 2.0406 zone EUR-CHF 1.6395. It should test higher than 1.6426. Entry point are at 1.6373 and 1.6357. A break of 1.6319 is bearish. EUR-JPY 162.51. It should be subject to more sell off towards 160.89 or 159.28. Corrective upward swings should face resistance around 163.81 area. A break of 164.285 is bullish. EUR-GBP 0.7137. Our preferred outlook is for
EUR-USD => Market expected to progress further up to 1.4214 / 1.4275. Support at 1.4101 - 1.4086, if broken, would result in huge sell off.
GBP-USD => Support at 2.0360 will be tested before moving upwards to 2.0454 / 2.0490.
USD-CHF => 1.1793 resistance should drive the price lower to 1.1713 / 1.1691. [...]
LOOKING FOR EMERGING MARKETS
Yesterday, Greg Newton and I had the privilege of conducting our third podcast interview with the Emerging Markets Monitor [London]. The link to the podcast is HERE. [Be prepared for a nearly 40 minute discussion which makes sense given the enormity of the topic and feel free to listen to previous podcasts as you wish.]
The topics covered included:
What constitutes or defines an Emerging Market?
What are current market conditions from regions to specific countries?
Is the Chinese market too overheated?
Did you know Chinese retail investors are opening one million new brokerage accounts per week? And that a leading government official stated that fully one third of Chinese publicly traded companies are “fundamentally unsound”?
Where are new opportunities?
Are some new and existing US ETFs suitably structured? Or, are they antiquated or even misleading in make-up?
Included in this discussion are some new Emerging Market ETFs and t
