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Daily market recommendations for today Wednesday 22-01-2014

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Daily market recommendations for today Wednesday 22-01-2014

Postby Ahmed Mahmoud » Wed Jan 22, 2014 12:50 pm

EURUSD Near Term : Downside favored
Pivot Point : 1.3580
EURUSD is Downside favored, So Sell at 1.358 with Target at 1.348
If breaks above pivot 1.358 Buy with Target at 1.3625

GBPUSD Near Term : Upside favored
Pivot Point : 1.6470
GBPUSD is Upside favored , So Buy at 1.647 with Target at 1.6575
If breaks below pivot 1.647 Sell with Target at 1.64

USDJPY Near Term : Upside favored
Pivot Point : 103.90
USDJPY is Upside favored , So Buy at 103.9 with Target at 105.05
If breaks below pivot 103.9 Sell with Target at 103.5

Crude Oil Near Term : Upside favored
Pivot Point : 94.80
Crude Oil is Upside favored , So Buy at 94.8 with Target at 96
If breaks below pivot 94.8 Sell with Target at 94.3

Gold Near Term : Downside favored
Pivot Point : 1250
Gold is Downside favored, So Sell at 1250 with Target at 1234
If breaks above pivot 1250 Buy with Target at 1257


Most Important Forex Events for Today (GMT):
• CPI for Australian Dollar at 00:30
• MPC Official Bank Rate Votes for British Pound at 09:30
• MPC Asset Purchase Facility Votes for British Pound at 09:30
• BOC Rate Statement for Canadian Dollar at 15:00
• BOC Monetary Policy Report for Canadian Dollar at 15:00
Ahmed Mahmoud
 
Posts: 13
Joined: Tue Nov 26, 2013 2:37 pm

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