Daily Outlook 13-05-2014


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Dollar-Yen (102.23) has climbed over 102.10, however needs to break over 102.30 today so as to climb further. The Euro-Yen (140.61) has climbed as trusted for, yet may discover some Resistance close to 141.00 today. The Euro (1.3754) merged sideways yesterday and could test the precise vital Support at 1.3735 today, particularly if the Euro-Yen comes into some offering. In spite of the fact that the stage is situated for further Euro shortcoming in the weeks ahead, it needs to break beneath 1.3735 to decrease towards 1.3600.

The Pound (1.6875) is getting Support at 1.6845 and thusly the shots of a fall towards 1.6700 are lesser. Be that as it may, given that there is Resistance at 1.6900, it may go between 1.6800-6900 this week.
The Aussie (0.9354) is not having the capacity to climb over 0.9400 promptly, however it remains stronger than whatever is left of the monetary forms. Help is seen at 0.9305 likewise, well over the 0.9260 Support said yesterday.

Gold, Silver and Copper have climbed yesterday on Dollar shortcoming and on China’s budgetary renewal while the Oil advertise likewise climbed betwixt Ukraine strains.
Gold (1295.65) fell off marginally from 1299.5. While the essential safety zone of 1315-1317 holds, it may solidify in the 1280-1310 districts for a couple of more sessions. Silver (19.515) keeps on traing beneath critical 19.66 levels and unless a break over 19.66, we don’t see any sign of ascent in the costs. In general close term looks bearish.


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Daily Outlook 14-05-2014

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.


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Daily Outlook 19-05-2014

Dollar-Yen (101.52) continues exchanging close to the significant help zone of 101.30-20 and a break beneath 101.20 may drag it down to the following long haul backing close to 101.70-60.

The Euro-Yen (139.24) is in an affirmed significant downtrend now. It is trying a paramount trendline Support here and could organize a bit of a skip. In any case unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94.

The Euro (1.3707) is attempting to skip from the significant trendline help at 1.3646. Expect close term Support at 1.3690 and endeavors to climb towards 1.3760 while Support at 139.25 hangs on the Euro-Yen.

The Pound (1.6827) has ricocheted pointedly from 1.6731 and this keeps the long haul uptrend in place. AA break beneath 1.6730 could discredit the uptrend and a dip to sub-1.6600 levels might be on cards then.

The Aussie (0.9364) for sure saw a dip to 0.9327 as dreaded, yet appears to be uniting sideways, not confronting any solid offering weight. Paramount/ solid Support at 0.9314 can keep the general uptrend in place with possibilities of 0.95+ this week.

Gold (1294.29) and Silver (19.464) are steady. Gold may extend in the 1280-1300 areas for quite a while before climbing over 1300 keeping in mind beneath 1315, downtrend stays in power. Silver is uniting sideways while underneath 19.6. There are risks that the metals may remain reach bound in the close term.
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