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Daily market recommendations for today Thursday 23-01-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Jan 23, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Upside favored
    Pivot Point : 1.3580
    EURUSD is Upside favored , So Buy at 1.358 with Target at 1.365
    If breaks below pivot 1.358Sell with Target at 1.3555

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6515
    GBPUSD is Upside favored , So Buy at 1.6515 with Target at 1.662
    If breaks below pivot 1.6515 Sell with Target at 1.649

    USDJPY Near Term : Upside favored
    Pivot Point : 103.90
    USDJPY is Upside favored , So Buy at 103.9 with Target at 105.05
    If breaks below pivot 103.9 Sell with Target at 103.5

    Crude Oil Near Term : Upside favored
    Pivot Point : 95.60
    Crude Oil is Upside favored , So Buy at 95.6 with Target at 97.1
    If breaks below pivot 95.6 Sell with Target at 94.8

    Gold Near Term : Upside favored
    Pivot Point : 1245
    Gold is Upside favored , So Buy at 1245 with Target at 1251
    If breaks below pivot 1245 Sell with Target at 1235


    Most Important Forex Events for Today (GMT):
    • HSBC Flash Manufacturing PMI for Chinese Yuan at 01:45
    • Flash Manufacturing PMI for German Euro at 08:30
    • Core Retail Sales Canadian Dollar at 13:30
    • Unemployment Claims for US Dollar at 13:30
    • Existing Home Sales for US Dollar at 15:00
     
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