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Daily market recommendations for today Wednesday 26-02-2014

Discussion in 'Forex Discussions' started by Ahmed Mahmoud, Feb 26, 2014.

  1. Ahmed Mahmoud

    Ahmed Mahmoud New Member

    Joined:
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    EURUSD Near Term : Downside favored
    Pivot Point : 1.3770
    EURUSD is Downside favored , So Sell at 1.377 with Target at 1.3705
    If breaks above pivot 1.377 Buy with Target at 1.38

    GBPUSD Near Term : Upside favored
    Pivot Point : 1.6640
    GBPUSD is Upside favored , So Buy at 1.664 with Target at 1.6725
    If breaks below pivot 1.664 Sell with Target at 1.661

    USDJPY Near Term : Downside favored
    Pivot Point : 102.60
    USDJPY is Downside favored , So Sell at 102.6 with Target at 102
    If breaks above pivot 102.6 Buy with Target at 102.85

    Crude Oil Near Term : Downside favored
    Pivot Point : 102.50
    Crude Oil is Downside favored , So Sell at 102.5 with Target at 101
    If breaks above pivot 102.5 Buy with Target at 103

    Gold Near Term : Upside favored
    Pivot Point : 1330
    Gold is Upside favored , So Buy at 1330 with Target at 1351
    If breaks below pivot 1330 Sell with Target at 1325


    Most Important Forex Events for Today (GMT):
    • GfK Consumer Climate for German Euro at 07:00
    • Second Estimate GDP for British Pound at 09:30
    • Crude Oil Inventories for US Dollar at 15:00
     
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