AceTrader - Best Intra-day Forex Trading Strategies


  Subscribe | Forget password


Daily Market Outlook Bookmark and Share

Daily Market Outlook (23 Mar 2018)
Update Time: 23 Mar 2018 08:03GMT
Next Update At: 00:30GMT
USD/JPY - 105.00

The greenback's fall in Australia and subsequent break of March's 15-month trough at 105.25 to 104.65 on Trump's tariffs signals medium-term decline remains in progress and consolidation with downside bias would be seen for weakness towards 104.15/20 would be seen, however, over sold condition would keep price above 104.06 and yield a much-needed correction early next week.  
On the upside, only above 105.81 would indicate a temporary low has been made and risk stronger retracement towards 106.09/10.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

  |    Home  |  Contact Us  |  Subscribe  |  Site Map  |  Disclaimer  |  Risk Disclosure  |  Advertise with us  |  Top