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
[email protected] Stop@13278 tgt 1.3017(parked)
Intraday
[email protected] [email protected] Tgt 13065 (New parked)
Day trade [email protected] 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
[email protected] stop@14987 tgt 15116
short@15770 stop@15857 tgt 15075
Intra day trade
[email protected] [email protected] 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
[email protected] [email protected] 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 [email protected] 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@[email protected] 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
[email protected] [email protected] tgt 23.66
Wait for Long @19.02 [email protected] 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 [email protected] 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
[email protected] [email protected] 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
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
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.