Daily market recommendations

[Ahmed Mahmoud]

EURUSD Near Term : Upside favored
Pivot Point : 1.3720
EURUSD is Upside favored , So Buy at 1.372with Target at 1.378
If breaks below pivot 1.372 Sell with Target at 1.37

GBPUSD Near Term : Upside favored
Pivot Point : 1.6260
GBPUSD is Upside favored , So Buy at 1.626 with Target at 1.64
If breaks below pivot 1.626 Sell with Target at 1.62

USDJPY Near Term : Downside favored
Pivot Point : 103.30
USDJPY is Downside favored ,So Sell at 103.3 with Target at 102.35
If breaks above pivot 103.3Buy with Target at 103.7

Crude Oil Near Term : Upside favored
Pivot Point : 96.20
Crude Oil is Upside favored , So Buy at 96.2 with Target at 98.15
If breaks below pivot 96.2 Sell with Target at 95.2

Gold Near Term : Downside favored
Pivot Point : 1243
Gold is Downside favored, So Sell at 1243 with Target at 1227
If breaks above pivot 1243 Buy with Target at 1248


Most Important Forex Events for Today (GMT):
• Ifo Business Climate for German Euro at 09:00
• Claimant Count Change for British Pound at 09:30
• Federal Funds Rate for US Dollar at 19:00
• FOMC Press Conference for US Dollar at 19:30
• GDP for new Zealand Dollar at 21:45

 

[Ahmed Mahmoud]

Daily market recommendations for today Thursday 26-12-2013

EURUSD Near Term : Upside favored
Pivot Point : 1.3645
EURUSD is Upside favored , So Buy at 1.3645 with Target at 1.372
If breaks below pivot 1.3645 Sell with Target at 1.3615

GBPUSD Near Term : Upside favored
Pivot Point : 1.6320
GBPUSD is Upside favored , So Buy at 1.632 with Target at 1.6405
If breaks below pivot 1.632 Sell with Target at 1.6295

USDJPY Near Term : Upside favored
Pivot Point : 103.75
USDJPY is Upside favored , So Buy at 103.75 with Target at 104.95
If breaks below pivot 103.75 Sell with Target at 103.4

Crude Oil Near Term : Upside favored
Pivot Point : 98.15
Crude Oil is Upside favored , So Buy at 98.15 with Target at 100.1
If breaks below pivot 98.15 Sell with Target at 97.25

Gold Near Term : Downside favored
Pivot Point : 1215
Gold is Downside favored, So Sell at 1215 with Target at 1180
If breaks above pivot 1215 Buy with Target at 1227


Most Important Forex Events for Today (GMT):
• Unemployment Claims for US Dollar at 13:30
• Tokyo Core CPI for Japanese yen at 23:30
• Household Spending for Japanese yen at 23:30

 

[Ahmed Mahmoud]

Daily market recommendations for today Wednesday 08-01-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3660
EURUSD is Downside favored, So Sell at 1.366 with Target at 1.3565
If breaks above pivot 1.366 Buy with Target at 1.37

GBPUSD Near Term : Upside favored
Pivot Point : 1.6370
GBPUSD is Upside favored , So Buy at 1.637 with Target at 1.647
If breaks below pivot 1.637 Sell with Target at 1.6335

USDJPY Near Term : Upside favored
Pivot Point : 104.65
USDJPY is Upside favored , So Buy at 104.65 with Target at 105.2
If breaks below pivot 104.65 Sell with Target at 104.3

Crude Oil Near Term : Downside favored
Pivot Point : 95.40
Crude Oil is Downside favored, So Sell at 95.4 with Target at 93.3
If breaks above pivot 95.4 Buy with Target at 96.55

Gold Near Term : Under Pressure
Pivot Point : 1235
Gold is Under Pressure, So Sell at 1235 with Target at 1215
If breaks above pivot 1235 Buy with Target at 1245


Most Important Forex Events for Today (GMT):
• ADP Non-Farm Employment Change for US Dollar at 13:15
• FOMC Meeting Minutes for US Dollar at 19:00

 

[Ahmed Mahmoud]

Daily market recommendations for today Monday 20-01-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3580
EURUSD is Downside favored, So Sell at 1.358 with Target at 1.348
If breaks above pivot 1.358 Buy with Target at 1.3625

GBPUSD Near Term : Upside favored
Pivot Point : 1.6380
GBPUSD is Upside favored , So Buy at 1.638 with Target at 1.6465
If breaks below pivot 1.638 Sell with Target at 1.63

USDJPY Near Term : Downside favored
Pivot Point : 104.45
USDJPY is Downside favored, So Sell at 104.45 with Target at 103.5
If breaks above pivot 104.45 Buy with Target at 104.65

Crude Oil Near Term : Upside favored
Pivot Point : 93.60
Crude Oil is Upside favored , So Buy at 93.6 with Target at 94.9
If breaks below pivot 93.6 Sell with Target at 93

Gold Near Term : Upside favored
Pivot Point : 1245
Crude Oil is Upside favored , So Buy at 1245 with Target at 1261
If breaks below pivot 1245 Sell with Target at 1234


Most Important Forex Events for Today (GMT):
• GDP for Chinese Yuan at 02:00
• PPI for German Euro at 07:00
• CPI for New Zealand Dollar at 21:45

 

[Ahmed Mahmoud]

Daily market recommendations for today Thursday 23-01-2014

EURUSD Near Term : Upside favored
Pivot Point : 1.3580
EURUSD is Upside favored , So Buy at 1.358 with Target at 1.365
If breaks below pivot 1.358Sell with Target at 1.3555

GBPUSD Near Term : Upside favored
Pivot Point : 1.6515
GBPUSD is Upside favored , So Buy at 1.6515 with Target at 1.662
If breaks below pivot 1.6515 Sell with Target at 1.649

USDJPY Near Term : Upside favored
Pivot Point : 103.90
USDJPY is Upside favored , So Buy at 103.9 with Target at 105.05
If breaks below pivot 103.9 Sell with Target at 103.5

Crude Oil Near Term : Upside favored
Pivot Point : 95.60
Crude Oil is Upside favored , So Buy at 95.6 with Target at 97.1
If breaks below pivot 95.6 Sell with Target at 94.8

Gold Near Term : Upside favored
Pivot Point : 1245
Gold is Upside favored , So Buy at 1245 with Target at 1251
If breaks below pivot 1245 Sell with Target at 1235


Most Important Forex Events for Today (GMT):
• HSBC Flash Manufacturing PMI for Chinese Yuan at 01:45
• Flash Manufacturing PMI for German Euro at 08:30
• Core Retail Sales Canadian Dollar at 13:30
• Unemployment Claims for US Dollar at 13:30
• Existing Home Sales for US Dollar at 15:00

 

[Ahmed Mahmoud]

Daily market recommendations for today Thursday 30-01-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3655
EURUSD is Downside favored , So Sell at 1.3655 with Target at 1.358
If breaks above pivot 1.3655 Buy with Target at 1.368

GBPUSD Near Term : Downside favored
Pivot Point : 1.6560
GBPUSD is Downside favored , So Sell at 1.656 with Target at 1.64
If breaks above pivot 1.656 Buy with Target at 1.659

USDJPY Near Term : Downside favored
Pivot Point : 103.05
USDJPY is Downside favored , So Sell at 103.05 with Target at 101.75
If breaks above pivot 103.05 Buy with Target at 103.45

Crude Oil Near Term : Upside favored
Pivot Point : 96.35
Crude Oil is Upside favored , So Buy at 96.35 with Target at 98
If breaks below pivot 96.35 Sell with Target at 95.2

Gold Near Term : Upside favored
Pivot Point : 1250
Gold is Upside favored , So Buy at 1250 with Target at 1272
If breaks below pivot 1250 Sell with Target at 1244


Most Important Forex Events for Today (GMT):
• Unemployment Claims for US Dollar at 13:30
• Advance GDP for US Dollar at 13:30
• Pending Home Sales for US Dollar at 15:00
• RBNZ Gov Wheeler Speaks New Zealand Dollar at 23:00

 

[Ahmed Mahmoud]

Daily market recommendations for today Thursday 12-02-2014

EURUSD Near Term : Upside favored
Pivot Point : 1.3600
EURUSD is Upside favored , So Buy at 1.36 with Target at 1.3715
If breaks below pivot 1.36 Sell with Target at 1.356

GBPUSD Near Term : Upside favored
Pivot Point : 1.6540
GBPUSD is Upside favored , So Buy at 1.654 with Target at 1.667
If breaks below pivot 1.654 Sell with Target at 1.6485

USDJPY Near Term : Upside favored
Pivot Point : 101.90
Gold is Upside favored , So Buy at 101.9 with Target at 102.9
If breaks below pivot 101.9 Sell with Target at 101.2

Crude Oil Near Term : Downside favored
Pivot Point : 100.55
Crude Oil is Downside favored , So Sell at 100.55 with Target at 99.1
If breaks above pivot 100.55 Buy with Target at 101.6

Gold Near Term : Upside favored
Pivot Point : 1275
Gold is Upside favored , So Buy at 1275 with Target at 1296
If breaks below pivot 1275 Sell with Target at 1267


Most Important Forex Events for Today (GMT):
• Employment Change for Australian Dollar at 00:30
• Unemployment Rate for Australian Dollar at 00:30
• Unemployment Claims for US Dollar at 13:30
• Retail Sales for US Dollar at 13:30
• Core Retail Sales for US Dollar at 13:30

 

[Ahmed Mahmoud]

Daily market recommendations for today Wednesday 26-02-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3770
EURUSD is Downside favored , So Sell at 1.377 with Target at 1.3705
If breaks above pivot 1.377 Buy with Target at 1.38

GBPUSD Near Term : Upside favored
Pivot Point : 1.6640
GBPUSD is Upside favored , So Buy at 1.664 with Target at 1.6725
If breaks below pivot 1.664 Sell with Target at 1.661

USDJPY Near Term : Downside favored
Pivot Point : 102.60
USDJPY is Downside favored , So Sell at 102.6 with Target at 102
If breaks above pivot 102.6 Buy with Target at 102.85

Crude Oil Near Term : Downside favored
Pivot Point : 102.50
Crude Oil is Downside favored , So Sell at 102.5 with Target at 101
If breaks above pivot 102.5 Buy with Target at 103

Gold Near Term : Upside favored
Pivot Point : 1330
Gold is Upside favored , So Buy at 1330 with Target at 1351
If breaks below pivot 1330 Sell with Target at 1325


Most Important Forex Events for Today (GMT):
• GfK Consumer Climate for German Euro at 07:00
• Second Estimate GDP for British Pound at 09:30
• Crude Oil Inventories for US Dollar at 15:00

 

[DuCaan]

Just one post on the thread? Why did you stop? keep posting...

 

[Ahmed Mahmoud]

Daily market recommendations for today Tuesday 11-03-2014

EURUSD Near Term : Upside favored
Pivot Point : 1.3800
EURUSD is Upside favored , So Buy at 1.38 with Target at 1.394
If breaks below pivot 1.38 Sell with Target at 1.375

GBPUSD Near Term : Downside favored
Pivot Point : 1.6685
GBPUSD is Downside favored , So Sell at 1.6685 with Target at 1.658
If breaks above pivot 1.6685 Buy with Target at 1.671

USDJPY Near Term : Upside favored
Pivot Point : 102.80
USDJPY is Upside favored , So Buy at 102.8 with Target at 104
If breaks below pivot 102.8 Sell with Target at 102.25

Crude Oil Near Term : Downside favored
Pivot Point : 102.85
Crude Oil is Downside favored, So Sell at 102.85 with Target at 100.5
If breaks above pivot 102.85 Buy with Target at 104

Gold Near Term : Upside favored
Pivot Point : 1330
Gold is Upside favored , So Buy at 1330 with Target at 1354
If breaks below pivot 1330 Sell with Target at 1322


Most Important Forex Events for Today (GMT):
• Inflation Report Hearings for British Pound at 09:30
• Manufacturing Production for British Pound at 09:30

 

[Ahmed Mahmoud]

Daily market recommendations for today Thursday 03-04-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3795
EURUSD is Downside favored, So Sell at 1.3795 with Target at 1.374
If breaks above pivot 1.3795 Buy with Target at 1.382

GBPUSD Near Term : Upside favored
Pivot Point : 1.6600
GBPUSD is Upside favored , So Buy at 1.66 with Target at 1.6715
If breaks below pivot 1.66 Sell with Target at 1.655

USDJPY Near Term : Upside favored
Pivot Point : 103.25
USDJPY is Upside favored , So Buy at 103.25 with Target at 104.1
If breaks below pivot 103.25 Sell with Target at 102.95

Crude Oil Near Term : Downside favored
Pivot Point : 100.45
Crude Oil is Downside favored, So Sell at 100.45 with Target at 98.3
If breaks above pivot 100.45 Buy with Target at 101.4

Gold Near Term : Downside favored
Pivot Point : 1300
Gold is Downside favored, So Sell at 1300 with Target at 1277
If breaks above pivot 1300 Buy with Target at 1306


Most Important Forex Events for Today (GMT):
• Trade Balance for Australian Dollar at 00:30
• RBA Rate Statement for Australian Dollar at 00:30
• Services PMI for British Pound at 08:30
• ISM Non-Manufacturing PMI for US Dollar at 14:00