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Friday, May 27, 2016

SGX IForex Recommendations : Epic Research Singapore

Posted on Friday, May 27, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD rose moderately on Thursday, extending slight gains from the previous session, as foreign exchange traders awaited comments from Janet Yellen for possible signs of whether the Federal Reserve could tighten its monetary policy cycle next while the European Central Bank maintains an unorthodox negative interest rate policy.The currency pair traded between 1.1155 and 1.1217, before settling at 1.1193, up 0.0038 or 0.34% for the session. Despite the brief gains over the last two sessions, the euro is still in the midst of one of its driest spells on the calendar year. Since hitting nine-months in early-May, EUR/USD has fallen considerably by nearly 3%.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1434, the high from May 12.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709

SELL GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707

RECOMMENDATION:

BUY EURUSD ABOVE 1.1190TGT 1.1210 1.1240 SL 1.1160

SELL EUR/USD BELOW 1.1145 TGT 1.1125 1.1095 SL 1.1175

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SGX IForex Recommendations : Epic Research Singapore

Posted on Thursday, May 26, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded short and even broke below a very significant support level 1.1166 and is currently retracing towards it. We expect the current upward rally to be a mere upward retracement and should not go above 1.1166. A break above this level will lead to an acceleration to the upper side, but should not close above 1.12177. This pair should be traded alongside NZD/USD, DF/USD and ER/HKD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4663 TGT 1.4683 1.4713 SL 1.4633

SELL GBP/USD BELOW 1.4601 TGT 1.4581 1.4581 SL 1.4631

RECOMMENDATION:

BUY EURUSD ABOVE 1.1156 TGT 1.1176 1.1206 SL 1.1126

SELL EUR/USD BELOW 1.1132 TGT 1.1112 1.1083 SL 1.1162

SGX IForex Recommendations : Epic Research Singapore

Posted on Wednesday, May 25, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair broke below the rising channel and is currently trading below a very significant support level 1.12177. We expect the just broken support level to act as a resistance to the current upward rally. A clear breakout above 1.12177 will lead to an acceleration to the upper-side but should not go beyond 1.1283, while a clear rebound from this level will lead to a downward rally towards 1.1166. Ideally, the anticipated downward rally should be the continuation of wave (c) but should not close below 1.1160. This pair should be traded alongside AUD/USD, EUR/HKD and NZD/USD. These pairs have a strong positive correlation of up to +0.95 and will likely move in a similar direction during this intraday.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4601 TGT 1.4621 1.4651 SL 1.4571

SELL GBP/USD BELOW 1.4548 TGT 1.4528 1.4498 SL 1.4578

RECOMMENDATION:

BUY EURUSD ABOVE 1.1211 TGT 1.1231 1.1261 SL 1.1181

SELL EUR/USD BELOW 1.1167 TGT 1.1147 1.1107 SL 1.1197

SGX IForex Recommendations : Epic Research Singapore

Posted on Tuesday, May 24, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The euro slid to the day’s lows on Monday after data showing that growth in the euro area’s private sector slowed to a 16-month low in in May, despite solid growth in Germany and France, asother areas struggled.EUR/USD was down 0.17% at 1.1203, re-approaching last Thursday’s two month lows of 1.1179.The preliminary reading of the euro zone composite purchasing managers’ index, which measures the combined output of both the manufacturing and service sectors, ticked down to a 16-month low of 52.9 from 53.0 in April.Economists had expected the index to rise to 53.2.The rate of business activity expansion in the dominant service sector was unchanged for a third successive month. But the rate of manufacturing output growth was the second-weakest since February 2015, the report said.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4548 TGT 1.4568 1.4598 SL 1.4518

SELL GBP/USD BELOW 1.4461 TGT 1.4441 1.4411 SL 1.4491

RECOMMENDATION:

BUY EURUSD ABOVE 1.1242 TGT 1.1262 1.1292 SL 1.1212

SELL EUR/USD BELOW 1.1201 TGT 1.1181 1.1151 SL 1.1231

SGX IForex Recommendations : Epic Research Singapore

Posted on Monday, May 23, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is steady on Friday, continuing the lack of movement which marked the Thursday session. The pair continues to hug the 1.12 line in the European session. On the release front, it’s a quiet end to the trading week. German PPI posted a small gain of 0.1%, edging above the forecast of 0.0%. Eurozone Current Account impressed, as the surplus surged to EUR 27.3 billion, well above the estimate of EUR 19.6 billion. Over in the US, the sole event on the schedule is Existing Home Sales. The markets are expecting an improvement in the April release, with an estimate of 5.40 million.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4510-1.4508 TGT 1.4490 1.4470 SL 1.4540

SELL GBP/USD ABOVE 1.4540 TGT 1.4560 1.4590 SL 1.4510

RECOMMENDATION:

BUY EURUSD ABOVE 1.1240 TGT 1.1260 1.1290 SL 1.1210

SELL EUR/USD BELOW 1.1180 TGT 1.1160 1.1130 SL 1.1210

SGX IForex Recommendations : Epic Research Singapore

Posted on Friday, May 20, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is unchanged on Thursday, following sharp losses in the Wednesday session. The pair is trading at 1.1210 in the European session. On the release front, the ECB will release the minutes of its April policy meeting. In the US, there are two key releases. Philly Fed Manufacturing Index is expected to climb 3.2 points, while the forecast for Unemployment Claims is 276 thousand. The Federal Reserve minutes hinted that a June hike remains on the table, and EUR/USD responded with sharp losses of about 100 points. According to the minutes, the Fed wants to see stronger growth in Q2 as well as better numbers from the inflation and employment fronts. If this is achieved, the Fed said it “likely would be appropriate” to raise rates at the June meeting.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670

SELL GBP/USD AROUND 1.4696-1.4693 TGT 1.4673 1.4643 SL 1.4726

RECOMMENDATION:

BUY EURUSD ABOVE 1.1250 TGT 1.1270 1.1300 SL 1.1220

SELL EUR/USD BELOW 1.1205 TGT 1.1185 1.1155 SL 1.123 5

SGX IForex Recommendations : Epic Research Singapore

Posted on Thursday, May 19, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke above the resistance level 1.1324, but ended up closing below it. As previously forecasted, we still expect the pair to form a double bottom at the support level 1.1283. Thus, we expect a clear rebound from this support to go long with our target at 1.1324. A clear breakout below this support will invalidate the anticipated double bottom formation and may lead to an acceleration to the lower side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500

SELL GBP/USD AROUND 1.4520-1.4518 TGT 1.4500 1.4470 SL 1.4550

RECOMMENDATION:

BUY EUR/USD ABOVE 1.1290 TGT 1.1310 1.1340 SL 1.1260

SELL EUR/USD BELOW 1.1255 TGT 1.1235 1.1205 SL 1.1285

SGX IForex Recommendations : Epic Research Singapore

Posted on Wednesday, May 18, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD was virtually flat on Tuesday, as investors digested hawkish signals from the Federal Reserve on the increased likelihood of multiple interest rate hikes from the U.S. central bank this year despite the release of subdued core inflation figures earlier in the session. The currency pair traded in a tight range between 1.1302 and 1.1347, before settling at 1.1314, down 0.0001 or 0.01% on the session. The euro has closed lower against the dollar in three of the last four sessions and nine of the last 11. Though the euro is only up modestly against the dollar over the last month, it still remains up by more than 4% against its American counterpart since the start of 2016. Incredibly, EUR/USD is only down 0.0003 from its level 52 weeks ago. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1713, the high from Aug. 24.

RECOMMENDATION:

BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500

SELL GBP/USD AROUND 1.4510 TGT 1.4490 1.4460 SL 1.4540

RECOMMENDATION:

BUY EUR/USD ABOVE 1.1320 TGT 1.1340 1.1370 SL 1.1290

SELL EUR/USD BELOW 1.1270 TGT 1.1250 1.1220 SL 1.1300

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Forex Market Update : Epic Research Singapore

Posted on Wednesday, May 18, 2016by EpicResearchSingapore with No comments

The dollar finished flat against its main rivals Tuesday after a key gauge of U.S. inflation showed prices continued to rise in April.

The consumer-price index, a widely watched gauge of inflation pressures in the U.S., rose 0.4% in April as gasoline prices surged. Economists polled by MarketWatch had expected a gain of 0.3%. Other than a tick lower in March, key inflation indicators have risen so far this year as oil prices CLM6, +0.25% have climbed.

The ICE U.S. Dollar index DXY, +0.18% a measure of the greenback’s strength against a basket of rivals, was flat at 94.5580 in recent trade.

One euro EURUSD, -0.2121% bought $1.1318 late Tuesday in New York, compared with $1.1316 late Monday in New York. The dollar USDJPY, +0.14% traded at ¥109.10 late Tuesday, compared with ¥109.07 late Monday.

Meanwhile, the pound GBPUSD, -0.1659% rose to $1.4456 late Tuesday, up from $1.4427 late Monday, after a recent poll suggested that support for a U.K. exit from the European Union has waned recently.

The Australian dollar AUDUSD, -0.4642% traded at 73.24 U.S. cents late Tuesday, compared with 72.87 cents late Monday in New York.

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SGX IForex Recommendations : Epic Research Singapore

Posted on Tuesday, May 17, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The EUR/USD is trading better at the mid-session. The range is tight and volume is relatively low after Friday’s sharp break. Prices could consolidate this week until Wednesday, May 18 with the release of the Euro Zone’s Final CPI report. It is expected to show year-over-year consumer inflation declined 0.2%. On Thursday, the European Central Bank is scheduled to release its monetary policy meeting accounts. The G-7 meetings will be held on Thursday and Friday.Technically, the main trend is up according to the daily swing chart. However, momentum has been to the downside since the 1.1616 main top on May 3.The main range is 1.0821 to 1.1616. Its retracement zone at 1.1218 to 1.1125 is the primary downside target.Based on Friday’s close at 1.1303, the direction of the market today is likely to be determined by trader reaction to the long-term up trending angle at 1.1291.Holding above 1.1291 will indicate the presence of buyers.

RECOMMENDATION:

BUY GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410

SELL GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475

RECOMMENDATION:

BUY EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 SL 1.1285

SELL EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310

Forex Market Update : Epic Research Singapore

Posted on Tuesday, May 17, 2016by EpicResearchSingapore with No comments

The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity.

The euro EURUSD, +0.0000% rose to $1.1319 late Monday in New York, compared with $1.1308 late Friday, after the Empire State general business conditions index plummeted to a reading of negative 9 for early May, down from 9.6 in April.

That data weighed on global stocks and some emerging-market currencies, including the South African rand USDZAR, -0.3073% and Turkish lira USDTRY, -0.3359% market strategists said. Another notable exception to Monday’s broad-based dollar weakness was the yen. The greenback USDJPY, -0.04% bought ¥108.97 late Monday in New York, compared with ¥108.65 late Friday.

New York-traded crude oil futures CLM6, +1.07% settled at $47.72 a barrel, up 3.3% on the day. The rise helped support commodity-linked currencies like the Russian ruble, Canadian and Australian dollars against the greenback.

One dollar USDRUB, -0.0111% bought 64.88 rubles late Monday, compared with 65.21 rubles late Friday in New York.

The ICE U.S. Dollar index DXY, -0.12% a measure of the buck’s strength against a basket of rival currencies, was down less than 0.1% to 94.5640.

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SGX IForex Recommendations : Epic Research Singapore

Posted on Monday, May 16, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD fell sharply on Friday, as the dollar continued its rally from 9-month lows amid an unexpected surge in U.S. consumer sentiment. The currency pair traded in a broad range between 1.1283 and 1.1379, before settling at 1.1313, down 0.0061 or 0.56% on the session. At session-lows, the euro fell below 1.13 against the dollar for the first time in the month of May. The euro has now closed lower versus the dollar in eight of the last nine sessions. Despite the recent downturn, the euro is still up against American counterpart by more than 4% since the start of the year.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

RECOMMENDATION:

BUY GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410

SELL GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475

RECOMMENDATION:

BUY EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 S

L 1.1285

SELL EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310

SGX IForex Recommendations : Epic Research Singapore

Posted on Friday, May 13, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is currently trading with a bullish bias. Yesterday, the pair broke above the descending channel, headed long and even tested the resistance level 1.1438. During this intraday, we still expect further movements to the upper side but should not go above 1.14770, A clear breakout above 1.1477 will push the price further to the upper side. This view can only be invalidated in case the price clearly rebounds from 1.1438. This pair should be traded alongside EUR/GBP, GBP/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.As long as the level 1.1438 protects the upper side, look for possible short positions from 1.1438 with your target at 1.1396. A clear breakout above 1.1438 will call for long positions with a target at 1.1477. A clear a breakout above 1.1477 will call for further long positions with an ideal target at 1.14391.

RECOMMENDATION:

BUY GBPUSD AROUND 1.4425 TARGET 1.4445 1.4475 SL 1.4395

SELL GBPUSD AROUND 1.4488-1.4490 TARGET 1.4466 1.4436 SL 1.4518

RECOMMENDATION:

BUY EURUSD AROUND 1.1370 TARGET 1.1390 1.1420 SL 1.1340

SELL EURUSD AROUND 1.1447-1445 TARGET 1.1427 1.1397 SL 1.1477

SGX IForex Recommendations : Epic Research Singapore

Posted on Thursday, May 12, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

EUR/USD is currently trading with a bullish bias.Yesterday, the pair traded short but could not close below the descending trend line. During this intraday, We expect an upward acceleration but should not close above 1.1396. Ideally, we expect the upper resistive trend line to mark the end of wave (4) but should be the beginning of wave (5). A clear breakout above 1.1396 will push the price further to the upper side but should not go above 1.1438. However, as long as the pair trades within the descending channel, we expect a rally to the lower side. This pair should be traded alongside EUR/GBP, NZD/USD, GBP/USD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this intraday.

RECOMMENDATION:

BUY GBPUSD AROUND 1.4395 TARGET 1.4415 1.4445 SL 1.4365

SELL GBPUSD AROUND 1.4485-1.4483 TARGET 1.4465 1.4435 SL 1.4515

RECOMMENDATION:

BUY EURUSD AROUND 1.1400 TARGET 1.1420 1.1450 SL 1.1370

SELL EURUSD AROUND 1.1400 TARGET 1.1380 1.1350 SL 1.1430

Forex Market Update : Epic Research Singapore

Posted on Thursday, May 12, 2016by EpicResearchSingapore with No comments

A key gauge of the dollar’s strength on Wednesday logged its first daily drop in six sessions as the buck weakened against the euro and yen.

The ICE U.S. Dollar index DXY, +0.03% a measure of the dollar’s strength against a basket of six rival currencies that includes the euro and yen, was down 0.5% to 93.8100 late Wednesday in New York — its first daily decline in six sessions.

The dollar USDJPY, +0.19% weakened to ¥108.39 late Wednesday in New York, compared with ¥109.24 late Tuesday in New York. The euro EURUSD, +0.0088% rose to $1.1427 late Tuesday, compared with $1.1370 late Tuesday.

The U.K. currency GBPUSD, -0.0485% traded at $1.4455 late Wednesday in New York, little changed from its level late Tuesday.

The currency NZDUSD, +0.1173% traded at 68.31 U.S. cents late Wednesday, little changed from its level late Tuesday in New York, but up from 67.20 cents earlier in the day.

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SGX IForex Recommendations : Epic Research Singapore

Posted on Wednesday, May 11, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The pair is extending its sideline theme around the 1.1400 handle for the time being amidst lack of of relevant drivers and scarce volatility. In the meantime, the upside in the greenback seems to have lost some vigour during the European morning, although it remains in the upper end of the recent range when tracked by the US Dollar Index.In the data space, German trade surplus has surpassed estimates in March, while Industrial Production has contracted more than initially expected during the same period. Across the pond, US NFIB Business Optimism index is due followed by the API’s weekly report on US crude stockpiles.

RECOMMENDATION:

BUY GBPUSD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350

SELL GBPUSD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

RECOMMENDATION:

BUY EURUSD AROUND 1.1305 TARGET 1.1340 1.1380 SL 1.1290

SELL EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395

Forex Market Update : Epic Research Singapore

Posted on Wednesday, May 11, 2016by EpicResearchSingapore with No comments

The dollar rose Tuesday to its highest level against the yen in two weeks after Japan’s finance minister said warnings from U.S. Treasury officials wouldn’t stop Japan from trying to weaken its currency by selling yen in the open market.

One dollar USDJPY, -0.46% bought ¥109.26 late Tuesday in New York, up 0.8% from ¥108.40 late Monday in New York. That represented the U.S. currency’s strongest level against its Japanese rival since April 28, the day the Bank of Japan surprised investors by leaving its monetary policy virtually unchanged, driving the yen to its largest one-day gain in seven years.

The ICE U.S. Dollar index DXY, -0.15% a measure of the greenback’s strength against a basket of six rival currencies, rose for a sixth straight day as weak industrial-production data out of Germany helped weighed on the euro. The index was up 0.2% at 94.2820, also its strongest level since April 28.

The shared currency EURUSD, +0.1231% traded at $1.1368 late Tuesday in New York, compared with $1.1387 late Monday in New York.

In other Asia trading, the Philippine peso USDPHP, -0.0107% logged its largest daily gain against the U.S. dollar since at least May 2014 after Rodrigo Duterte, a tough-on-crime politician that some have likened to Donald Trump, won the country’s presidential election.

The dollar tumbled 1.2% to 46.73 pesos late Tuesday, compared with 47.29 pesos late Monday in New York.

Chinese yuan USDCNY, -0.0875% traded in the onshore market continued to weaken against the dollar, finishing around levels last seen in late March that were initially reached Monday. Market strategists said this was consistent with the dollar’s recent weakness.

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SGX IForex Recommendations : Epic Research Singapore

Posted on Tuesday, May 10, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The shared currency keeps its recovery mode intact against its American counterpart in late-Asia, taking EUR/USD above 1.14 handle. EUR/USD trades modestly flat at fresh session highs of 1.1411, making another attempt towards 1.15 handle. The main currency is seen consolidating the downside as dust settles over the NFP aftermath, with the major catching fresh bid tone in recent dealings amid broad based US dollar retreat.The greenback wiped-out gains against its major competitors and now trades muted, underpinning the recovery in EUR/USD. Moreover, mixed market sentiment amid higher oil prices and subdued Asian equities also lifts the safe- haven bids for the EUR.Meanwhile, focus turns towards the German factory orders data amid a data-dry trading calendar today. Besides the Euro group meetings will be closely watched for any news on EU referendum ahead of the US LMCI release.

RECOMMENDATION:

BUY GBPUSD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350

SELL GBPUSD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

RECOMMENDATION:

BUY EURUSD AROUND 1.1430 TARGET 1.1450 1.1480 SL 1.1400

SELL EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395

SGX IForex Recommendations : Epic Research Singapore

Posted on Friday, May 06, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD trades almost unchanged at fresh session lows of 1.1482, retreating from daily highs hit at 1.1494 earlier today. The main currency pair consolidates sharp declines witnessed over the past two trading session, and now meets fresh supply, taking the pair below hourly 100-SMA support located at 1.1486 levels.The EUR/USD pair stalled its minor pullback from NY lows just ahead of 1.15 mark and resumed the downside consolidation thereon, now awaiting fresh impetus amid low volumes and minimal volatility as most major European markets remain closed today in observance of Ascension Day.

RECOMMENDATION:

BUY GBP/USD ABOVE1.4465 TGT 1.4485 1.4515 SL 1.4435

SELL GBPUSD AROUND 1.4519 -1.4517 TGT 1.4499 1.4469 SL 1.4549

RECOMMENDATION:

BUY EUR/USD AROUND 1.1388-1.1390 TGT 1.1410 1.1440 SL 1.1358

SELL EUR/USD BELOW 1.1420 TGT 1.1400 1.1370 SL 1.1450

SGX IForex Recommendations : Epic Research Singapore

Posted on Thursday, May 05, 2016by EpicResearchSingapore with No comments

TRADING TIPS :

The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day’s through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1.1616 and dropped back below 1.1500 level on broad USD recovery from the lowest level since Jan. 2015. Investors also seem to lighten their bearish USD positions ahead of the key jobs data scheduled for release on Friday. Friday’s jobs report along with today’s ISM non-manufacturing index would continue to probe some additional volatility in the pair.Although the pair on Tuesday, managed to break-through 1.1550 immediate resistance but the momentum above 1.1600 faded, dragging the pair back below 1.1500 mark. Traders would now be eyeing 1.1455-50 immediate support, which if broken seems to extend Tuesday’s reve.

RECOMMENDATION:

BUY GBPUSD ABOVE 1.4525 TGT 1.4545 1.4575 SL 1.4495

SELL GBPUSD AROUND 1.4515 TGT 1.4495 1.4465 SL 1.4545

RECOMMENDATION:

BUY EURUSD ABOVE 1.1510 TGT 1.1530 1.1560 SL 1.1480

SELL EURUSD BELOW 1.1550 TGT 1.1530 1.1500 SL 1.1580

Friday, May 27, 2016

Thursday, May 26, 2016

Wednesday, May 25, 2016

Tuesday, May 24, 2016

Monday, May 23, 2016

Friday, May 20, 2016

Thursday, May 19, 2016

Wednesday, May 18, 2016

Tuesday, May 17, 2016

Monday, May 16, 2016

Friday, May 13, 2016

Thursday, May 12, 2016

Wednesday, May 11, 2016

Tuesday, May 10, 2016

Friday, May 6, 2016

Thursday, May 5, 2016

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