Faysal Amin
Mind Vision Traders
Market kicks off the march on positive note as it is the last month of the 1Q for the 2015 and stock indices knows only one direction UP and away – we are still think in next 8 days we are going to see some sharp correction 4518 for Nasdaq 100 and Sp 500 the top could be near 2130 zone Gold is trying to bottom out around 1174 area from where we expect 1300 again currencies are still in the bear mood –Gold and Dollar both going higher –unprecedented but possible wait and watch !!
EURO (11226)
Euro is still not out of the Range trading but our bias now either it break below 11080 for sharp moves towards 105 and then 98 area as long as it holds the 11080 area there is a chance of the bull in the market
Day trade
Long@11358 stop@11387 tg1t 11158
Short@11095 stp@11047 tgt 11208
GOLD (1216)
Gold trying to break out from the range we do expect 1244 before another leg towards 1174 possible in mid term
Day trade
Short @1228 [email protected] tgt 1208
Long@1177 add 1168 [email protected] tgt 1288
ND is in narrow range but holding the Highs as few IPO`s are about to hit the Nasdaq soon and we expect some move higher near 4520 zone for some corrective move to kick in –Friday or Monday is going to be interesting day.
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 alternates gains with losses near 1.0720 post-US PCE
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Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
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