Dollar remains soft in quite holiday trading and ahead of FOMC rate decision and ECB rate tomorrow we think market going to be top out for the euro and stock indices Metals remains choppy for the short term but our bias is down side till mid of May ….Most of the important factor is How Central Banks react and implement the policy and how Financial Market react to the policy of the respective Banks

Have a nice trading day ahead of you !

Cheers !


EUR/USD (last 1.3192)

Support:
1.3135 (S1)
1.3054 (S2)
1.2972 (Major Sup)

Resistance:
1.3240 (R1)
1.3316 (RR)
1.3376 (RRR)

RANGE – 13285---13077—12970

STRATEGY

Right now if the market reach near 13255 go short with the stop@13322 and if break below 13100 means top is in for now and let the short run for a while and hold with the stop and update on it after we got filled on the parked orders

Trend

Bear Will prevail once break below 13100

Side ways choppy action

Mid term Trade

Long @1.2647 Stop@ 1.2573 Tgt 13010

Short@1.3238 Stop@13278 tgt 1.3017(parked)

Intraday

Long@1.2916 stop@1.2881 Tgt 13065 (New parked)

Day trade short@1.3254 Stop@13277 tgt 13085


GBP USD (CABLE) (15561)

Support:
1.5486 (S1)
1.5374 (SS2)
1.5293 (Major Sup)

Resistance:
1.5597 ®
1.5663 (Res)
15747 (**Major Resistance)

Range 15348---15597--15747

STRATEGY SOS (short on strength)

Trend Bias intra day bull around 15667 for day trade

Day Traders

PARKED ORDERS

Mid term

Mid term or for the week

Long@1.5016 stop@14987 tgt 15116

short@15770 stop@15857 tgt 15075

Intra day trade

Long@1.5345 stop@1.5327 tgt 15484

Short@ o break of 15667 stop@15707 tgt 15492(New pArked order)

(Plz note on all the intra day of not filled By the same Day till MOC then Cancel the Trade)


USD/JPY (Yen) (97.65)

Support:
9715 (S1)
9635 (S2)
94.50 (Major Sup)

Resistance:
9882** (R1)
100.92 (RR)
101.45 (RRR3)

Range -9892----96.32—101.37

MID term

Long@94.45 stop@93.77 tgt 99.51.

Short term

Short@10138 stop@ 10179 tgt 9788


June Swiss (10779)

Support:
10722 (S1)
10661 (SS2.)
10481 (Major Sup)

Resistance:
10804(Res1)
10883 (RR2)
10948 (RES3)

Range of the day 10551----10806--10886

Strategy Choppy so day trade for now

Buy @10426 stop@10403 tgt 10523

Short@10896 stop@10941 Tgt 10706

High Risk Day trades

Short@10812 stop@10843 tgt 10734

LonG@10566 stop@10544 tgt 10733


June Futures Cad $ (9934)

Flat

Support:
9879 (S1)
.9818 (Sup2.)
.9745 (Major Sup)

Resistance:
9976 (R)
10039 (Res2)
10176 (Res3)

Range of the Day 9918---9628---9764

MID TERM TRADE

June future Short@10086 stop@10131 Tgt open

Intraday Short @9994 stop@10042 tgt 9864

Long@9623 stop@9607 tgt 9748

Long@9703 stop@9677 tgt 9802


Ausie $ June (10318)

Support:
1.0257 (S1)
10161 (Sup2.)
10044 (Major Sup)

Resistance:

1.0345 (Res1)
1.0387 (Res2)
1.0445 (Res3)

Range for the Day -- 10381---10242---10114

Trend – Flat

MID Term

Short 10524 stop@10566 tgt 10210

Day trade

Short again@10414 stop@10477 tgt 9890 first


XAUUSD (GOLD) (1472)

Strategy SoS From 1496 ish area

Support:
1455.60 (S1)
1423.5 (S2)

1356 (Major Sup)

Resistance:
1497.7 (Res1)
1506.7* (Res2)
1532.6*** (Res3)

Range of the Day 1418---1498- 1514.5

MiD Term

Short@1505 Stop@1528.75 Tgt 1265 (new parked order)

Long @1202.2 stop@1188. tgt 1415 (Parked and waiting)

Day Trade

Very RISKy stay on the side line

short@1497stop@1509.8 tgt 1437 (new parked order*)


XAGUSD (SILVER May) (2408)

Flat

Support:
23.61 (S1)
2304 (s2)
19.04 (Major Sup)

Resistance:
2492 (Res)
2541 (RR)
2608 (Major resistance)

22.40---25.34—19.57

Strategy

Long@22.12 stop@21.84 tgt 23.66

Wait for Long @19.02 stop@18.87 tgt 23.55

High risk day Trade

Short@2515 Stop@2545 tgt 2322


June ES (MINI Sp500) (1594)

Strategy (Sos) Short on strength

Support:
1572(S1)
1542.8 (s2)
1501 (Major Sup)

Resistance:
1598.7(R)
1607.8 (Major resistance)
1628 **********

Range for the day

1564.0---1608---1530.

Strategy

Short@1597 stop@1605.8 tgt 1502 (new parked orders)


May oil (92.14)

Strategy

Support:

9145 (S1)
90.58 (S2)
89.40 (Major Sup)

Resistance:
9316 (Res)
9473 (Res2)
9662 (Major resistance)

Range of the day 93.48---91.27—8904

Strategy

Mid Term

Long@82.88 stop@82.15 tgt 85.40 (parked)

High Risk Day Trade

Short@9318 Stop@ 9368 tgt 9188 (New Parked orders)

Ranges for the other market

DJ

Nq 2762---2822---2896

Time line For short term cyclical projections

GMT

---GMT

For ---

---- is minor turn cycle for the day