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Daily Market Our View 05/05/2016

EUR/USD

Short position below 1.156. Target 1.145. Conversely, break above 1.156, to open 1.1615.

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

GBP/USD

Short position below 1.457. Target 1.44. Conversely, break above 1.457, to open 1.466.

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 remains supported. Further advance favored.

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 1292. Target 1270. Conversely, break above 1292, to open 1303.

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

CRUDE OIL

Short position below 45.35. Target 42.9. Conversely, break above 45.35, to open 46.12.

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

DOW JONES

Short position below 17720. Target 17440. Conversely, break above 17720, to open 17780.

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

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