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Daily market recommendations for today Tuesday 01-04-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Apr 1, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

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    EURUSD Near Term : Upside favored
    Pivot Point : 1.3745
    EURUSD is Upside favored , So Buy at 1.3745 with Target at 1.3845
    If breaks below pivot 1.3745 Sell with Target at 1.37

    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 : 102.65
    USDJPY is Upside favored , So Buy at 102.65 with Target at 103.45
    If breaks below pivot 102.65 Sell with Target at 102.45

    Crude Oil Near Term : Upside favored
    Pivot Point : 100.40
    Crude Oil is Upside favored , So Buy at 100.4 with Target at 102.5
    If breaks below pivot 100.4 Sell with Target at 99.45

    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):
    • Manufacturing PMI for Chinese Yun at 01:00
    • RBA Rate Statement for Australian Dollar at 03:30
    • Manufacturing PMI for British Pound at 08:30
    • ISM Manufacturing PMI for US Dollar at 14:00
     
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