Trading news

Trading Analysis - 19th April 2012

TECHNICAL's IN FOCUS

CURRENCIES: 

AUDUSD :
Resistance Levels: 
$ 1.0406 - $ 1.0447 - $ 1.0481

Support Levels:
$ 1.0331 - $ 1.0297 - $ 1.0256 

Strategy: 
Sell on Strength


GBPUSD :
Resistance Levels: 
$ 1.6074 - $ 1.6131 - $ 1.6222 

Support Levels:
$ 1.5926 - $ 1.5835 - $ 1.5778


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: 
$ 1.3151 - $ 1.3186 - $ 1.3234

Support Levels:
$ 1.3068 - $ 1.3020 - $ 1.2985

Strategy: 
Sell on Strength

A strong resistance is at 1.3200, if it breaks then market may rise.

Spanish Bond Yield today.

G20 Meeting – Day 1!

Gold:
Resistance Levels:
$ 1650.50 - $1661.40 - $1667.60

Support Levels:
$ 1633.40 - $1627.20 - $1616.30

Strategy:

Range Trade

Short below 1648, target 1634, 1624 & 1612. If market breaks 1648 on the up side, it may go up.

Buy above 1648, target 1657.

U.S. Unemployment Claims at 1730, Existing Home Sales & Manufacturing Index at 1900 (GMT+5) hours 

Silver:
Resistance Levels:
$ 31.80 - $ 32.12 - $ 32.35

Support Levels:
$ 31.26 - $ 31.03 - $ 30.71

Strategy:
Range Trade

Buy above 31.00, target 32.15 and 35.00.

Short below 31.00, target 30.17  and 29.40.

Crude Oil:
Resistance Levels:
$ 104.10 - $ 105.40 - $ 106.40

Support Levels:
$ 101.70 - $ 100.80 - $ 99.42

Strategy:
Sell on Strength

Short below 104.00, target 102.40 and 101.100.An upside penetration of 104.00 may call for 105.50 & 106.70

 

Thursday, 19 Apr, 2012 / 4:59

Source : http://www.acmgold.com/news-analysis

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