Trade n Trend

Home » Our View » Daily Market Our View 11/05/2016

Daily Market Our View 11/05/2016

EUR/USD

Short position below 1.142. Target 1.1305. Conversely, break above 1.142, to open 1.148.

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

GBP/USD

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

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

USD/JPY

Long position above 107.85. Target 109.45. Conversely, break below 107.85, to open 107.5.

Comments: The pair faces corrective pullback before fresh rally.

AUD/USD

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

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

GOLD

Short position below 1274. Target 1254. Conversely, break above 1274, to open 1277.

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

CRUDE OIL

Short position below 45. Target 43. Conversely, break above 45, to open 45.3.

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

DOW JONES

Long position above 17719. Target 17910. Conversely, break below 17719, to open 17610.

Comments: The pair is expected to resume advance 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: