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Daily Market Our View 04/04/2016

EUR/USD

Long position above 1.134. Target 1.143. Conversely, break below 1.134, to open 1.131.

Comments: The pair is expected to resume advance after correction.

GBP/USD

Short position below 1.437. Target 1.4105. Conversely, break above 1.437, to open 1.4425.

Comments: The pair is expected to resume descend after correction.

USD/JPY

Short position below 112. Target 111.2. Conversely, break above 112, to open 112.45.

Comments: The pair remains under pressure. Further weakness favored.

AUD/USD

Short position below 0.772. Target 0.757. Conversely, break above 0.772, to open 0.775.

Comments: The pair is expected to resume descend after correction.

GOLD

Short position below 1229. Target 1200. Conversely, break above 1229, to open 1235.

Comments: The pair is expected to resume descend after correction.

CRUDE OIL

Short position below 37.7. Target 36.2. Conversely, break above 37.7, to open 38.4.

Comments: The pair remains under pressure. Further weakness favored.

DOW JONES

Long position above 17465. Target 17780. Conversely, break below 17465, to open 17400.

Comments: The pair remains supported. Further advance favored.

 

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