GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
Trading news
Trading Analysis - 18th April 2012
TECHNICAL's IN FOCUS
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0445 - $ 1.0488 - $ 1.0559
Support Levels:
$ 1.0331 - $ 1.0260 - $ 1.0217
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5983 - $ 1.6030 - $ 1.6091
Support Levels:
$ 1.5875 - $ 1.5814 - $ 1.5767
Strategy:
Sell on Strength
A strong resistance is at 1.6005, if it breaks, then market may shoot up.
U.K. Unemployment rate ; Claimant Count change and MPC Meeting Minutes at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3173 - $ 1.3214 - $ 1.3256
Support Levels:
$ 1.3090 - $ 1.3048 - $ 1.3007
Strategy:
Sell on Strength
A strong resistance is at 1.3200, if it breaks then market may rise.
EUR Current Account at 1300(GMT+5).
Gold:
Resistance Levels:
$ 1661.30 - $1671.40 - $1684.50
Support Levels:
$ 1638.10 - $1625.00 - $1614.90
Strategy:
Range Trade
Buy above 1645, target 1655. Downside penetration of 1645 may lead to 1635 & 1622.
Short below 1660, target 1638. Upside penetration of 1660 may call for 1664 & 1671.
Silver:
Resistance Levels:
$ 31.95 - $ 32.24 - $ 32.56
Support Levels:
$ 31.35 - $ 31.03 - $ 30.74
Strategy:
Range Trade
Buy above 31.30, target 32.20. A downside penetration of 31.30 may call for 31.10
Short below 32.20, target 31.60 and 31.30. An upside penetration of 32.20 may call for 32.70
Crude Oil:
Resistance Levels:
$ 105.30 - $ 106.40 - $ 107.70
Support Levels:
$ 102.80 - $ 101.60 - $ 100.50
Strategy:
Range Trade
Buy above 104.10, target 105.70. A downside penetration of 104.10 may call for 103.20 & 102.80
Short below 105.70, target 104.10. an upside penetration of 105.70 may call for 106.50 & 107.20
U.S. Crude Oil Inventories at 1930 (GMT+5) hours
Wednesday, 18 Apr, 2012 / 4:57
Source : http://www.acmgold.com/news-analysis
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