Today’s highlights:
EUR/USD: Upside direction range breakout brings directional clarity back to the market. Risk now through 1.4537/79 to 1.4698/1.4707 resistance zone
GBP/USD: Break above 1.6338 pivot exposes the 1.6477/80 range highs. We see risk through here to 1.6541/49 resistance zone whilst above 1.6256 support
AUD/USD: Pausing at the 50% Fibonacci retracement level of 1.0505, but risk remains higher to the 55-day average/61.8% Fibonacci retracement of 1.0649/41
Today’s trades:
EUR/USD: Stopped out and reversed long at 1.4455, add at 1.4380, for 1.4685, stop placed at 1.4292
USD/JPY: Long at 76.82 target/reverse 77.60; exit/reverse 76.19.
GBP/USD: Stopped out and reversed long through 1.6342. Target now 1.6540, stop placed at 1.6256
USD/CHF: Long again at .7830 for .8150, stop .7750. If stopped, retry long again at .7620 (for .8150)
AUD/USD: Buy retracement to 1.0425, target 1.0640, stop at 1.0315
NZD/USD: Stopped out and reversed long at .8416, add at .8200, targeting .8600, stop placed at .8090
USD/CAD: Unwanted long at .9790, target/reverse .9870, stop/reverse through .9770 (for .9650)
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http://www.easyforexnews.net/wp-content/uploads/2011/08/document-804323940.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS
Today’s highlights:
EUR/USD: Upside direction range breakout brings directional clarity back to the market. Risk now through 1.4537/79 to 1.4698/1.4707 resistance zone
GBP/USD: Break above 1.6338 pivot exposes the 1.6477/80 range highs. We see risk through here to 1.6541/49 resistance zone whilst above 1.6256 support
AUD/USD: Pausing at the 50% Fibonacci retracement level of 1.0505, but risk remains higher to the 55-day average/61.8% Fibonacci retracement of 1.0649/41
Today’s trades:
EUR/USD: Stopped out and reversed long at 1.4455, add at 1.4380, for 1.4685, stop placed at 1.4292
USD/JPY: Long at 76.82 target/reverse 77.60; exit/reverse 76.19.
GBP/USD: Stopped out and reversed long through 1.6342. Target now 1.6540, stop placed at 1.6256
USD/CHF: Long again at .7830 for .8150, stop .7750. If stopped, retry long again at .7620 (for .8150)
AUD/USD: Buy retracement to 1.0425, target 1.0640, stop at 1.0315
NZD/USD: Stopped out and reversed long at .8416, add at .8200, targeting .8600, stop placed at .8090
USD/CAD: Unwanted long at .9790, target/reverse .9870, stop/reverse through .9770 (for .9650)