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EURUSD : EURUSD has been in the range of 1.41 to 1.3800 levels. The trend stays bearish below 1.42 levels for the target 1.3770 levels. (200 day EMA) Selling positions can be initiated at 1.41 levels for 200 pips with tight stoploss of 100 pips. (EURUSD–1.3885) Bearish
Sterling : GBPUSD is currently trading in a rangebound fashion from the last few months within 1.58 levels to 1.64 levels.Selling close to 1.61 levels again for a target of 200 pips. (GBPUSD – 1.5898) Bearish
Yen : The JPY is currently trading at 90.80 levels and is having a strong resistance of 92.50 levels. Yen is holding bullishness and targeting 88.40 levels and even lower due to increased risk aversion. Only a break of 93.00 levels would change the bias of the Yen. (USDJPY- 90.80) Bullish.
Aud : AUDUSD is currently trading at 0.8800 levels. Staying below .8800 continously could only move the pair to .8452 levels.Initiate buys near .8800 levels with Stops of 100 pips for a target of 150 pips.(AUDUSD - 0.8800) Neutral
Gold : GOLD is currently trading around $1110.50 levels and buys could be initiated around these levels for 10 dollars. .Bias remains bullish for gold above $1120 levels. (Gold-$1110) Neutral
Dollar Index: Dollar Index is currently trading near 79.48 levels. Immediate resistance comes near 80 levels. Bias remains bullish above 78.50 levels. (DI -79.48). Neutral
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DISCLAIMER
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. |
