Daily market Views
- Thread starter ritwijmahant
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Re: FX Views 26 Jul 2010
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morning all
euro range expecetd 1.2950-1.3050.. break of 1.3050 will target 1.3180.
gbp expect range of 1.5510-1.5620 for teh day..
jpy.. expect to tarde in teh narrow range of 87.60-88.20.. would like to buy on dips for today only
INR . seeing month end demand in market.. expeect the pair to tarde in teh range of 46.65-46.85. (OTC spot levels)
have a good day :thumb:
euro range expecetd 1.2950-1.3050.. break of 1.3050 will target 1.3180.
gbp expect range of 1.5510-1.5620 for teh day..
jpy.. expect to tarde in teh narrow range of 87.60-88.20.. would like to buy on dips for today only
INR . seeing month end demand in market.. expeect the pair to tarde in teh range of 46.65-46.85. (OTC spot levels)
have a good day :thumb:
Morning ppl..
same ranged bound tarding contnued in currencies except for JPY
expect euro to move in teh range of 1.2950-1.3050 once again.. option expiries were at month end prompting two way range bound moves all this days.. with that out of teh picture now, expecting a break higher by tomorrow..
GBp contnunes to shine with its strength.. expect range at 1.5530-1.5680.. buy on dips.. with s/l below 1.5500
JPY held off at 88.20.. and was beaten down today after good data from japan.. and bad one from US last night.. expect range of 86.80/87.60..
INR.. expect anotehr range bound session with no real flows in teh market.. Although.. pair has closed below channnel in daily charts for secod consecutive day yesterday.. (today channel resistance at 46.79).. contnuous break below channel.. will prompt sellers to appear again.. with channel target at 46.05.. supports.. 46.45, 46.25.. resi.. 46.85.. 47.05
All OTC spot levels..
good day..
same ranged bound tarding contnued in currencies except for JPY
expect euro to move in teh range of 1.2950-1.3050 once again.. option expiries were at month end prompting two way range bound moves all this days.. with that out of teh picture now, expecting a break higher by tomorrow..
GBp contnunes to shine with its strength.. expect range at 1.5530-1.5680.. buy on dips.. with s/l below 1.5500
JPY held off at 88.20.. and was beaten down today after good data from japan.. and bad one from US last night.. expect range of 86.80/87.60..
INR.. expect anotehr range bound session with no real flows in teh market.. Although.. pair has closed below channnel in daily charts for secod consecutive day yesterday.. (today channel resistance at 46.79).. contnuous break below channel.. will prompt sellers to appear again.. with channel target at 46.05.. supports.. 46.45, 46.25.. resi.. 46.85.. 47.05
All OTC spot levels..
good day..
Morning ppl.. Euro finally broke above 1.3030-50 range.. and bidding continues.. euro will wait on sidelines till german retail sales data.. but expect to get bot on dips.. range expecetd.. 1.3020-1.3095.. stay long for eventual break towards 1.3180.
GBP.. market contnues to be in range once again.. with no fresh clues by the market.. need a conclusive break above 1.5650... stay long again.. buy dips around 1.5550/.. for 1.5640.. s/l below 1.5500
JPY.. same view contnues.. sell uptick.. 87.60-88.00 range shud cap.. market will bring down the pair slowly towards 85.00 as players will remain weary of japanese central bank interevention to slow any gains..
INR.. contnued to perform as per views.. heavy inflows in OTC market contnued to prompt teh selling.. absense of any bids from nat banks helped as well.. expecting range of 46.45-65 for today.. oen uptick towards 46.70 possible with weekend related position sqaring.. stay short as long as pair stays below 46.75-80.. today's weekly close if below Ichimoku support at 46.67.. will further prompt teh selling.. My target remains at 46.05. (OTC spot levels)
USD index has broken below 82.00.. stays below it.. expct it to furterh weaken.. with first target at 80.60./. and then below 80 at 79.60
keep selling USD..
TGIF
GBP.. market contnues to be in range once again.. with no fresh clues by the market.. need a conclusive break above 1.5650... stay long again.. buy dips around 1.5550/.. for 1.5640.. s/l below 1.5500
JPY.. same view contnues.. sell uptick.. 87.60-88.00 range shud cap.. market will bring down the pair slowly towards 85.00 as players will remain weary of japanese central bank interevention to slow any gains..
INR.. contnued to perform as per views.. heavy inflows in OTC market contnued to prompt teh selling.. absense of any bids from nat banks helped as well.. expecting range of 46.45-65 for today.. oen uptick towards 46.70 possible with weekend related position sqaring.. stay short as long as pair stays below 46.75-80.. today's weekly close if below Ichimoku support at 46.67.. will further prompt teh selling.. My target remains at 46.05. (OTC spot levels)
USD index has broken below 82.00.. stays below it.. expct it to furterh weaken.. with first target at 80.60./. and then below 80 at 79.60
keep selling USD..
TGIF
ritwij,
first of all, thanks for posting your trading position for INR Keep posting them here daily in addition to your fx analysis as it is always more interested in knowing that how exactly are traders trading the market rather than their prediction for the day's range or high/low.
I think your s/l must have hit today as I see inr has touched the level of 46.44. Did the s/l got executed or is it still unfilled and open?
first of all, thanks for posting your trading position for INR
Keep posting them here daily in addition to your fx analysis as it is always more interested in knowing that how exactly are traders trading the market rather than their prediction for the day's range or high/low.I think your s/l must have hit today as I see inr has touched the level of 46.44. Did the s/l got executed or is it still unfilled and open?
2 Aug 2010
Morning ppl
As per expecetd.. USD/INR has opened lower.. last week's target of 46.05 in sight..
expecting the pair to stay in teh range of 46.10-40 for the day.. keep selling upticks
Euro.. stay long.. clonclusive break of 1.3100 imminet.. expect range of 1.3050-1.3150 fro teh day.. targettring 1.3199.. last week price has ended up decisiovely above 1.3000.. (61.8% retracement)
GBP.. stay long/./ range expecetd.. 1.5640-1.5800.. eventual target 1.5950
JPY.. range of 86-87.. stay short... with s/l above 87.40.. target 85.40.. but will coem slowly with Japanese authorities verbal intervention contnuing..
USD index has broken thru key support of 82.00.. target of 80.60 stands.. break the dollar..
happy hunting.. :thumb:
Morning ppl
As per expecetd.. USD/INR has opened lower.. last week's target of 46.05 in sight..
expecting the pair to stay in teh range of 46.10-40 for the day.. keep selling upticks
Euro.. stay long.. clonclusive break of 1.3100 imminet.. expect range of 1.3050-1.3150 fro teh day.. targettring 1.3199.. last week price has ended up decisiovely above 1.3000.. (61.8% retracement)
GBP.. stay long/./ range expecetd.. 1.5640-1.5800.. eventual target 1.5950
JPY.. range of 86-87.. stay short... with s/l above 87.40.. target 85.40.. but will coem slowly with Japanese authorities verbal intervention contnuing..
USD index has broken thru key support of 82.00.. target of 80.60 stands.. break the dollar..
happy hunting.. :thumb:
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