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Daily market recommendations for today Thursday 03-04-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Apr 3, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3795
    EURUSD is Downside favored, So Sell at 1.3795 with Target at 1.374
    If breaks above pivot 1.3795 Buy with Target at 1.382

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6600
    GBPUSD is Upside favored , So Buy at 1.66 with Target at 1.6715
    If breaks below pivot 1.66 Sell with Target at 1.655

    USDJPY Near Term : Upside favored
    Pivot Point : 103.25
    USDJPY is Upside favored , So Buy at 103.25 with Target at 104.1
    If breaks below pivot 103.25 Sell with Target at 102.95

    Crude Oil Near Term : Downside favored
    Pivot Point : 100.45
    Crude Oil is Downside favored, So Sell at 100.45 with Target at 98.3
    If breaks above pivot 100.45 Buy with Target at 101.4

    Gold Near Term : Downside favored
    Pivot Point : 1300
    Gold is Downside favored, So Sell at 1300 with Target at 1277
    If breaks above pivot 1300 Buy with Target at 1306


    Most Important Forex Events for Today (GMT):
    • Trade Balance for Australian Dollar at 00:30
    • RBA Rate Statement for Australian Dollar at 00:30
    • Services PMI for British Pound at 08:30
    • ISM Non-Manufacturing PMI for US Dollar at 14:00
     
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