EUR still preserves chances for another upside as the IFO yesterday was better than expected too, but the upside was limited by the better than expected US durable goods orders. However Daily and H1 indicators show upside potential while H4 are mixed and give no information. Level to watch today is again 1.3820, Sell if we have a H4 close below. Upside is limited by 1.3850 again. 

GOLD is looking for a direction and has made a quick and unsuccessful test of 1270. Seems it is a good support for now. Resistance comes at 1302 and then at 1316, finally 1331. I think the metal will gain some price today, and will test at least the first resistance.

For today:

SHORT EUR below 1.3850 SL 1.3865 TP 1.3820-1.3800-1.3790-1.3765

SHORT EUR below 1.3820 SL 1.3835 TP 1.3790-1.3765-1.3730

LONG EUR above 1.3860 SL 1.3850 TP 1.3885-1.3905

LONG GOLD above 1291 SL 1288 TP 1298-1302

SHORT GOLD below 1282 SL 1286 TP 1272-1268

Good luck!

P.S. update on other currency pairs will be on Monday as i need to collect enough data for analysis. Sometimes i do not post forecast, in these cases it is because my previous forecast is still valid or no significant changes. Feel free to comment here :)

Views: 570

Comment by Khan Green on April 25, 2014 at 5:50am


Comment by zahn on April 25, 2014 at 2:20pm

Hi, thks for the signals...i wanna ask abt gold like yesterday 24/4/14,,,,i buy above 1280, then price go down till 1268, hit sl,,,,then price reverse back,,my question when price climb up above 1280, can we get back to the trade again or wait for tomorrow ? Thks,,,hope u get what i mean


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