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Daily market recommendations for today Thursday 12-02-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Feb 13, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Upside favored
    Pivot Point : 1.3600
    EURUSD is Upside favored , So Buy at 1.36 with Target at 1.3715
    If breaks below pivot 1.36 Sell with Target at 1.356

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6540
    GBPUSD is Upside favored , So Buy at 1.654 with Target at 1.667
    If breaks below pivot 1.654 Sell with Target at 1.6485

    USDJPY Near Term : Upside favored
    Pivot Point : 101.90
    Gold is Upside favored , So Buy at 101.9 with Target at 102.9
    If breaks below pivot 101.9 Sell with Target at 101.2

    Crude Oil Near Term : Downside favored
    Pivot Point : 100.55
    Crude Oil is Downside favored , So Sell at 100.55 with Target at 99.1
    If breaks above pivot 100.55 Buy with Target at 101.6

    Gold Near Term : Upside favored
    Pivot Point : 1275
    Gold is Upside favored , So Buy at 1275 with Target at 1296
    If breaks below pivot 1275 Sell with Target at 1267


    Most Important Forex Events for Today (GMT):
    • Employment Change for Australian Dollar at 00:30
    • Unemployment Rate for Australian Dollar at 00:30
    • Unemployment Claims for US Dollar at 13:30
    • Retail Sales for US Dollar at 13:30
    • Core Retail Sales for US Dollar at 13:30
     
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