Thursday, June 19, 2014

forex daily support and resistance

GOLD
Resistance Levels: $ 1284 - $ 1293 - $ 1306
Support Levels: $ 1276 - $ 1268 - $ 1255
STRATEGY:Neutral
Buy above $1256 level, use a stop loss of $1241 level, target $1293-1306 level.
Alternatively, failure to sustain above $1276 level might call for $1256 level.




SILVER
Resistance Levels: $ 20.15 - $ 20.40  - $ 21.02
Support Levels: $ 19.80 - $ 19.47 - $ 19.24
STRATEGY:Neutral
Buy above $19.24 level use a stop loss of $19.00 level, target $20.15-20.40 level.
Sell below $20.40 level use a stop loss of $21.00 level, target $19.47-19.00 level.



CRUDE OIL
Resistance Levels: $ 106.40 - $ 107.50 - $ 108.23
Support Levels: $ 105.70 – $ 104.80 - $ 103.80
STRATEGY:Neutral
Sell below $107.50 level, use a stop loss of $108.20 level, target $105.70-104.80 level.
Buy above $104.80 level, use a stop loss of $103.80 level, target $107.50 level.



AUD / USD
Resistance Levels: $ 0.9430 - $ 0.9530 - $ 0.9620
Support Levels: $ 0.9390 - $ 0.9340 – $ 0.9310
STRATEGY:Buy on Dips
Buy above $0.9310 level, use a stop loss of $0.9250 level, target $0.9430 level.
Alternatively, failure to break above $0.9430 level might call for $0.9310 level.


GBP / USD
Resistance Levels: $ 1.6990 - $ 1.7080 - $ 1.7230
Support Levels:$ 1.6910 - $ 1.6850 - $ 1.6770
STRATEGY:Neutral
Buy above $1.6910 level, use a stop loss of $1.6850 level, target $1.6990-1.7080 level.
Alternatively, failure to sustain above $1.6990 level OR break below $1.6910 level might call for $1.6850 level.


EUR / USD
Resistance Levels: $ 1.3620 - $ 1.3660 - $ 1.3710
Support Levels:$ 1.3550 - $ 1.3510 - $ 1.3470
STRATEGY:Neutral
Sell below $1.3620 level, use a stop loss of $1.3660 level, target $1.3550-1.3510 level.
Alternatively, break above $1.3660 level might call for $1.3710 level.


USD / JPY
Resistance Levels: 102.10 - 102.80 – 103.40
Support Levels: 101.70 - 101.20 – 100.50
STRATEGY:Neutral
Sell below 102.80 level, use a stop loss of 103.40 level, target 101.70-101.20 level.
Buy above 101.20 level, use a stop loss of 100.50 level, target 102.10-102.80 level.

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