18 April 2016, 10:04
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 0.6925 |
| Take Profit | 0.6960, 0.7000 |
| Stop Loss | 0.6900 |
| Key Levels | 0.6345, 0.6500, 0.6605, 0.6680, 0.6770, 0.6800, 0.6850, 0.6915, 0.6850, 0.6960 |
| Alternative Scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.6850 |
| Take Profit | 0.6800 |
| Stop Loss | 0.6880 |
| Key Levels | 0.6345, 0.6500, 0.6605, 0.6680, 0.6770, 0.6800, 0.6850, 0.6915, 0.6850, 0.6960 |
Current Trend
The pair continues growing amid mixed data that keeps coming out in the US.
Statistics that were published on Friday showed Industrial Production in March
declining by 0.6%, which was worse than expectations. In addition, the pair was
supported by today’s strong data from New Zealand. The first quarter Consumer
Price Index grew by 0.2% thus exceeding forecasts.
Support and Resistance
Today the pair is expected to stay in the range of 0.6850-0.6960.
Technical indicators do not give a clear trading signal. On the daily chart,
the pair is trading between the middle and upper MA’s of Bollinger Bands. MACD
histogram is in the positive zone and its volumes remain unchanged. Stochastic
lines are directed down.
Support levels: 0.6850, 0.6800, 0.6770, 0.6720, 0.6680, 0.6605, 0.6570,
0.6500, 0.6410, 0.6345.
Resistance levels: 0.6915, 0.6850, 0.6960.
Trading Tips
Long positions can be opened from the level of 0.6925 with targets at 0.6960,
0.7000 and stop-loss at 0.6900. Validity – 2-3 days.
Short positions can be opened from the level of 0.6850 with the target at
0.6800 and stop-loss at 0.6880. Validity – 2-3 days.
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The client must claim / request the Bonus by
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at finance@hiwafx.com
or via livechat.
Terms & Conditions
The client must claim / request the Bonus by
contacting finance department
at finance@hiwafx.com
or via livechat.
Terms & Conditions
with
M Samer Al Reifae
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
- YOU ARE NEVER LEFT ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
