Trade n Trend

Home » Our View » Daily Market Our View 03/05/2016

Daily Market Our View 03/05/2016

EUR/USD

Long position above 1.14. Target 1.156. Conversely, break below 1.14, to open 1.137.

Comments: The pair remains supported. Further advance favored.

GBP/USD

Long position above 1.4575. Target 1.47. Conversely, break below 1.4575, to open 1.452.

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

USD/JPY

Short position below 107.85. Target 105.5. Conversely, break above 107.85, to open 108.75.

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

AUD/USD

Long position above 0.7605. Target 0.7725. Conversely, break below 0.7605, to open 0.7585.

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

GOLD

Long position above 1283. Target 1307. Conversely, break below 1283, to open 1271.

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

CRUDE OIL

Short position below 47.25. Target 44.35. Conversely, break above 47.25, to open 48.35.

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

DOW JONES

Short position below 17830. Target 17550. Conversely, break above 17830, to open 17880.

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: