Trade n Trend

Home » Our View » Daily Market Our View 10/05/2016

Daily Market Our View 10/05/2016

EUR/USD

Short position below 1.148. Target 1.137. Conversely, break above 1.148, to open 1.153.

Comments: The pair hits support and bounces.

GBP/USD

Short position below 1.454. Target 1.437. Conversely, break above 1.454, to open 1.457.

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

USD/JPY

Long position above 107.15. Target 108.75. Conversely, break below 107.15, to open 106.85.

Comments: The pair hits resistance and reverses.

AUD/USD

Short position below 0.7415. Target 0.73. Conversely, break above 0.7415, to open 0.7445.

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

GOLD

Short position below 1283. Target 1260. Conversely, break above 1283, to open 1287.

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

CRUDE OIL

Short position below 45. Target 43. Conversely, break above 45, to open 46.15.

Comments: The pair breaks below support.

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.

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: