Monday, July 14, 2014

Sgx IForex Recommendations : Epic Research Singapore


TRADING TIPS :
USD/CAD was up 0.62% at 1.0716, up from a session low of 1.0631 and off a high of 1.0723. The pair was likely to find support at 1.0631, the session low, and resistance at 1.0752, the high from June 25. Official data released earlier revealed that the number of employed people in Canada declined by 9,400 in June, defying expectations for a 20,000 rise after an increase of 25,800 in May.


INTRADAY OUTLOOK
Support: 1.7100
Resistance: 1.7120

RECOMMENDATION:
1. Buy GBP/USD Above 1.7120- TG: 1.7140/ 1.7170 SL 1.7090
2. Sell GBP/USD Below 1.7100- TG: 1.7080/ 1.7050 SL 1.7130

INTRADAY OUTLOOK
Immediate Support: 1.3580
Immediate Resistance: 1.3612

RECOMMENDATION:
1. Buy EUR/USD Above 1.3612- TG: 1.3632/1.3662 SL 1.3582
2. Sell EUR/USD Below 1.3580- TG: 1.3560/1.3550 SL 1.3610 

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