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| Action Insight Weekly Report | Markets Snapshot |
Daily Report: Dollar Mildly Lower as China Easing Lifts SentimentsDollar is broadly lower as the week started with strong risk appetite as lifted by China's easing measure. Though, the loss is so far limited with EUR/USD held below 1.3321 resistance, GBP/USD below 1.5928 resistance and USD/CHF above 0.9098 support. AUD/USD is also held below recent high of 1.0844 even though USD/CAD breached 0.9926 support as crude oil extends recent rally. Trading is subdued ahead of US holiday today as well as meeting between Eurozone finance ministers' meeting on Greece in Brussels. |
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| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 0.9939; (P) 0.9962; (R1) 0.9982; More... USD/CAD dips to as low as 0.9913 today and the break of 0.9926 support confirmed resumption of the fall from 1.0522. Intraday bias is back on the downside for 0.9891 support next. Break there will also resume fall from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9757. On the upside, break of 1.0050 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery. |
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Trade Idea update will resume on Tuesday - 21 Feb 2012. Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||
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