Archive for the ‘The Brief Daily Forecaster’ Category
DAILY FORECAST FOR AUDJPY
Bias: While there is still risk of seeing 75.95-10 I feel the day should finish lower.
While the recovery wasn’t expected I feel we have probably seen the majority of the recovery. Thus from the 75.95-10 area I feel we should be looking for losses to push back below 75.28 [...]
DAILY FORECAST FOR GBPJPY
Bias: I feel there is still risk of slippage to the 153.48-60 area before a correction
Losses have already broken the 154.96 low and this should lead to further losses. I’m not even sure we’ll get much of a pullback but if we do the 155.50-70 area should stall the [...]
DAILY FORECAST FOR USDCAD
Bias: While 1.1350 supports I feel this rally can challenge the 1.1431-48 area – maybe even 1.1481
Friday’s gains didn’t manage to break out of the range seen in the last few days of last week. However, the start today has seen breach and thus we should now see stronger [...]
DAILY FORECAST FOR EURJPY
Bias: I feel there is early risk of a retest at 135.36-71 but then end the day lower
There is still early risk of seeing a push into the 135.36-71 area but I feel this will cap and generate losses by the end of the day. From there, or an [...]
DAILY FORECAST FOR AUDUSD
Bias: I feel a test of 0.8010-23 is possible but expect losses from there – or directly below 0.7921
Overall I feel today will be bearish but we have to be mindful of the risk of an earlier retest higher. If the 0.8010-23 area is seen look for bearish reversal [...]
DAILY FORECAST FOR GBPUSD
Bias: Slightly mixed – waiting for breaks but the underlying move remains bearish
While yesterday’s high was higher than I thought it would be it doesn’t alter the bearish view. However, we should be aware of the risk that we could see a small sideways consolidation. If we see the [...]
DAILY FORECAST FOR USDCHF
Bias: While 1.0977-83 caps I feel we should see a pullback to 1.0840-50 (max 1.0820) before higher again
Well, the strength seen yesterday does seem to limit the downside to corrections only and I’m not sure these will be that deep. I do feel the 1.0977 area should cap early [...]
DAILY FORECAST FOR EURUSD
Bias: We should continue to see losses close to the 1.3805 low
Loss of 1.4050-88 provided the desired impact with losses down into the 1.3918-42 support area. I feel the correction from there is complete and thus the greater risk is directly lower. I doubt we’ll get back to 1.4040 [...]
DAILY FORECAST FOR USDJPY
Bias: We need a swift move above 98.43 to maintain gains for 99.12 and 99.64 else expect a dip to 96.66-80
We saw the decline down to 97.08 and from there a solid bounce that could have the structure to really press through to new highs. However, the 98.00-10 area [...]
DAILY FORECAST FOR GBPJPY
Bias: The breach of 157.07 was very brief and from there was have seen a solid push higher and this does seem to suggest more gains in the short term at least. Support is at 157.90-10 (max 157.60) and while this area supports I feel we’ll see gains extend [...]
