Trading news

Trading Analysis 30th July 2012

 TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1635.2 - $ 1643.2 - $ 1653.1

Support Levels:
$ 1617.3-  $ 1607.4 - $ 1599.4

Strategy:
Sell on Strength

Short below $1630, target $1600. Break above $1630 may call for $1645.

 

Silver:
Resistance Levels:
$ 27.9 - $ 28.2 - $ 28.5


Support Levels:
$ 27.4 - $ 27.1 - $ 26.8

Strategy:
Sell on Strength

Short below $27.85, target $27.00. A break above $27.85 may call for $28.80.

Crude Oil:
Resistance Levels:
$ 90.8 - $ 91.3 - $ 92.1

Support Levels:
$ 89.4 - $ 88.6 - $ 88.1

Strategy:

Buy on Dips

Long above $89.50, target $92.10. Downside breakage of $89.50 may call for $87.70.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0518 - $ 1.0553 - $ 1.0620

Support Levels:
$ 1.0416 - $ 1.0349 - $ 1.0314

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:

$ 1.5791- $ 1.5830 - $ 1.5892

Support Levels:

$ 1.5690 - $ 1.5628 - $ 1.5589

Net lending to individuals at 1400(GMT+5); CBI Realized Sales at 1530(GMT+5) hours.

Strategy:
Sell on Strength

EURUSD :
Resistance Levels:

$ 1.2391 - $ 1.2464 - $ 1.2539

Support Levels:
$ 1.2243 - $ 1.2168 - $ 1.2095

Strategy:
Sell on Strength

Spanish flash GDP at 1230 (GMT+5) hours; Italian 10-year bond auction today.

Monday, 30 Jul, 2012 / 4:20

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

Trading news

 

Stocks lick wounds; pound tumbles on lockdown fears

  Selloff in equities eases but sentiment still subdued amid virus [...]

Posted on Tuesday, 22 Sep, 2020 / 9:56 under

DOW weighed down amid fresh lockdown worries – DOW JONES Market Outlook – 22/09/2020

Global equities tanked on fresh lockdown worries across Europe and possible [...]

Posted on Tuesday, 22 Sep, 2020 / 8:19 under

1.17 is the line in the sand for the Euro – EUR/USD Market Outlook – 22/09/2020

The bearish pressure on the Euro is mounting as price is currently trading [...]

Posted on Tuesday, 22 Sep, 2020 / 8:18 under