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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