Daily market recommendations for today Tuesday 01-04-2014

[Ahmed Mahmoud]

EURUSD Near Term : Upside favored

Pivot Point : 1.3745

EURUSD is Upside favored , So Buy at 1.3745 with Target at 1.3845

If breaks below pivot 1.3745 Sell with Target at 1.37


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 : 102.65

USDJPY is Upside favored , So Buy at 102.65 with Target at 103.45

If breaks below pivot 102.65 Sell with Target at 102.45


Crude Oil Near Term : Upside favored

Pivot Point : 100.40

Crude Oil is Upside favored , So Buy at 100.4 with Target at 102.5

If breaks below pivot 100.4 Sell with Target at 99.45


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):

· Manufacturing PMI for Chinese Yun at 01:00

· RBA Rate Statement for Australian Dollar at 03:30

· Manufacturing PMI for British Pound at 08:30

· ISM Manufacturing PMI for US Dollar at 14:00