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Daily market recommendations for today Wednesday 16-04-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Apr 16, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3860
    EURUSD is Downside favored, So Sell at 1.386 with Target at 1.378
    If breaks above pivot 1.386 Buy with Target at 1.3905

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6715
    GBPUSD is Upside favored , So Buy at 1.6715 with Target at 1.682
    If breaks below pivot 1.6715 Sell with Target at 1.665

    USDJPY Near Term : Upside favored
    Pivot Point : 101.80
    USDJPY is Upside favored , So Buy at 101.8 with Target at 102.4
    If breaks below pivot 101.8 Sell with Target at 101.45

    Crude Oil Near Term : Upside favored
    Pivot Point : 103.65
    Crude Oil is Upside favored , So Buy at 103.65 with Target at 105.7
    If breaks below pivot 103.65 Sell with Target at 103.3

    Gold Near Term : Downside favored
    Pivot Point : 1313
    Gold is Downside favored, So Sell at 1313 with Target at 1285
    If breaks above pivot 1313 Buy with Target at 1318


    Most Important Forex Events for Today (GMT):
    • BOJ Gov Kuroda Speaks for Japanese Yen at 06:15
    • Claimant Count Change for British Pound at 08:30
    • Building Permits for US Dollar at 12:30
    • BOC Rate Statement for Canadian Dollar at 14:00
    • BOC Press Conference for Canadian Dollar at 15:15
     
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