Faysal Amin
Mind Vision Traders
Dollar index tumbled broadly on Wednesday against all majors as the Federal Reserve left its key benchmark lending target, the fed funds rate, unchanged at 0.25% and kept its USD85 billion monthly asset-purchasing program in place so free money to buy stocks and bonds …so it leads to one conclusion that Stock indices will be higher in mid term but can not rule out a Mini crash as well
Have a nice trading day ahead of you
Cheers !
EUR/USD (last 1.3557)
Support:
1.3508 (S1)
1.3446 (S2)
1.3376 (Major Sup)
Resistance:
1.3592 (R1)
1.3657 (RR)
1.3768 (RRR)
RANGE – 13618—13486---13347
STRATEGY
Choppy action
Mid term Trade
[email protected] Stop@13847 tgt 1.2972 (Parked new order)
High Risk
buy @13358 stop@13327 Tgt 13608
We will be watching till a clear direction if it breaks below 13346 we are heading a lot lower and if not then it is heading for the 13700+ area for day trade buy near 13455 stop@13427 tgt 13608
GBPUSD (CABLE) (16074)
Support:
16012 (S1)
15934 (S2)
15742 (Major Sup)
Resistance:
16240** (R1)
16318 (RR)
16446 (RRR3)
Range -16002----16269—15882
Strategy
(SOS)
Short @16266 stop@16297 tgt 16019
long@15982 stop@15932 tgt 16222
(Plz note on all the intra day of not filled By the same Day till MOC then Cancel the Trade)
Other markets for till Monday
Gold 1402 make or break
Silver 2372 MOB
Sp 500 1682 MOB
Fb 42 .40 make or break
GS 164.00
Apple 458
Time line For short term cyclical projections
GMT
---GMT
For ---
---- is minor turn cycle for the day
For the Fellow Traders plz do place the stops and intraday Trade means if not filled by MOC cancel the Trades
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
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Editors’ Picks
EUR/USD flirts with 1.0700 post-US PMIs
EUR/USD maintains its daily gains and climbs to fresh highs near the 1.0700 mark against the backdrop of the resumption of the selling pressure in the Greenback, in the wake of weaker-than-expected flash US PMIs for the month of April.
GBP/USD surpasses 1.2400 on further Dollar selling
Persistent bearish tone in the US Dollar lends support to the broad risk complex and bolsters the recovery in GBP/USD, which manages well to rise to fresh highs north of 1.2400 the figure post-US PMIs.
Gold trims losses on disappointing US PMIs
Gold (XAU/USD) reclaims part of the ground lost and pares initial losses on the back of further weakness in the Greenback following disheartening US PMIs prints.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.