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Daily market recommendations for today Wednesday 05-03-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Mar 5, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3790
    EURUSD is Downside favored , So Sell at 1.379 with Target at 1.3695
    If breaks above pivot 1.379 Buy with Target at 1.383

    GBPUSD Near Term : Downside favored
    Pivot Point : 1.6715
    GBPUSD is Downside favored , So Sell at 1.6715 with Target at 1.664
    If breaks above pivot 1.6715 Buy with Target at 1.6735

    USDJPY Near Term : Upside favored
    Pivot Point : 101.8
    USDJPY is Upside favored , So Buy at 101.8 with Target at 102.4
    If breaks below pivot 101.8 Sell with Target at 101.4

    Crude Oil Near Term : Under pressure
    Pivot Point : 102.85
    Crude Oil is Under pressure, So Sell at 102.85 with Target at 105.25
    If breaks above pivot 102.85 Buy with Target at 101.8

    Gold Near Term : Upside favored
    Pivot Point : 1330
    Gold is Upside favored , So Buy at 1330 with Target at 1354
    If breaks below pivot 1330 Sell with Target at 1322


    Most Important Forex Events for Today (GMT):
    • GDP for Australian Dollar at 00:30
    • Services PMI for British Pound at 09:30
    • ADP Non-Farm Employment Change for US Dollar at 13:15
    • BOC Rate Statement for Canadian Dollar at 15:00
     
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