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
Recommended Content
Editors’ Picks
AUD/USD failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Bitcoin price could be primed for correction as bearish activity grows near $66K area
Bitcoin (BTC) price managed to maintain a northbound trajectory after the April 20 halving, despite bold assertions by analysts that the event would be a “sell the news” situation. However, after four days of strength, the tables could be turning as a dark cloud now hovers above BTC price.
Bank of Japan's predicament: The BOJ is trapped
In this special edition of TradeGATEHub Live Trading, we're joined by guest speaker Tavi @TaviCosta, who shares his insights on the Bank of Japan's current predicament, stating, 'The BOJ is Trapped.'