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Daily market recommendations for today Wednesday 22-01-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Jan 22, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3580
    EURUSD is Downside favored, So Sell at 1.358 with Target at 1.348
    If breaks above pivot 1.358 Buy with Target at 1.3625

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6470
    GBPUSD is Upside favored , So Buy at 1.647 with Target at 1.6575
    If breaks below pivot 1.647 Sell with Target at 1.64

    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 : 94.80
    Crude Oil is Upside favored , So Buy at 94.8 with Target at 96
    If breaks below pivot 94.8 Sell with Target at 94.3

    Gold Near Term : Downside favored
    Pivot Point : 1250
    Gold is Downside favored, So Sell at 1250 with Target at 1234
    If breaks above pivot 1250 Buy with Target at 1257


    Most Important Forex Events for Today (GMT):
    • CPI for Australian Dollar at 00:30
    • MPC Official Bank Rate Votes for British Pound at 09:30
    • MPC Asset Purchase Facility Votes for British Pound at 09:30
    • BOC Rate Statement for Canadian Dollar at 15:00
    • BOC Monetary Policy Report for Canadian Dollar at 15:00
     
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