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Daily Market Our View 18/04/2016

EUR/USD

Short position below 1.1325. Target 1.122. Conversely, break above 1.1325, to open 1.1345.

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

GBP/USD

Long position above 1.413. Target 1.426. Conversely, break below 1.413, to open 1.4085.

Comments: The pair breaks above the resistance.

USD/JPY

Short position below 109.05. Target 107.75. Conversely, break above 109.05, to open 109.45.

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

AUD/USD

Short position below 0.771. Target 0.7615. Conversely, break above 0.771, to open 0.774.

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

GOLD

Short position below 1239. Target 1223. Conversely, break above 1239, to open 1245.

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

CRUDE OIL

Short position below 40.5. Target 36.8. Conversely, break above 40.5, to open 41.5.

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

DOW JONSE

Long position above 17690. Target 17900. Conversely, break below 17690, to open 17600.

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

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