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Daily Market Our View 04/05/2016

EUR/USD

Short position below 1.1615. Target 1.145. Conversely, break above 1.1615, to open 1.166.

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

GBP/USD

Short position below 1.466. Target 1.4465. Conversely, break above 1.466, to open 1.4715.

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

USD/JPY

Long position above 106.1. Target 107.45. Conversely, break below 106.1, to open 105.5.

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

AUD/USD

Short position below 0.755. Target 0.744. Conversely, break above 0.755, to open 0.759.

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

GOLD

Short position below 1301. Target 1270. Conversely, break above 1301, to open 1314.

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

CRUDE OIL

Short position below 46.2. Target 42.9. Conversely, break above 46.2, to open 47.25.

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.

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