Daily Outlook 14-05-2014

Topic locked
  • Reply
Daily Outlook 14-05-2014 May 14, 2014
The Euro (1.3716) has broken beneath the vital 1.3735 help level and can decrease further towards 1.3625. The Euro-Yen (140.21) discovered Resistance at 1.4100 yesterday, not surprisingly, and has fallen, dragging the Euro down with it. A test of pivotal Support at 139.50-25 is likely throughout the following few days. Whether that breaks or not will likewise choose whether the Euro breaks underneath 1.3625 or not.

Dollar-Yen (102.16) rose to 102.36 yesterday, yet couldn’t support the increase. A dip to 102.00 is conceivable today. A skip from that point, if seen, could take the business up to 102.50-60.

The Pound (1.6850) has been seeing a close term decay from 1.6996 (06-May) however can discover Support at 1.6800 soon and could continue its long haul upmove from that point.

The Aussie (0.9393) rose well yesterday yet needs to break over 0.9400 now to draw in more Buyers. It stays one of the strongest monetary forms generally speaking.

Gold (1293.47) is exchanging inside the vital help safety zone of 1280-1300 and unless a break over 1300-1315 is seen we can’t discredit the close term bearishness.

Silver (19.527) is discovering trouble to break critical safety close to 19.66 keeping in mind beneath this level it may keep on moing in the 18.85-19.66 locale. By and large close term looks bearish.

CommexFX
Dubai Forums Enthusiast
Posts: 76
Location: null IN

posting in Dubai Business TalkForum Rules

Return to Dubai Business Talk


  • Related topics
    Replies
    Last post
cron