EUR consolidates just at the support area 1.3590-1.3600, we are currently below the SMA200 @ 1.3640 and through 1.3660 we have a strong daily resistance area, which won't be broken easily. I recommend to SELL EUR on every attempt to test 1.3700 with 20 pips SL. Seems that the EUR is going to make some upside correction ahead of the next ECB meeting in June. As long as the price is below 1.3640 we are bearish.Above 1.3670 we may witness a test of 1.3705-1.3720. Weekly support is at 1.3570.

GOLD has reached the 1252 target and is trying to form a solid base above 1250, the price will try to recover to 1266 and 1272 before another downside appears. However any drop below 1254 may push the price below 1248 very quickly.

NZD is in a correction to the upside and is trying its best to stay above 0.8500, but the level has already been broken. We have a strong Daily resistance at 0.8560 and i do not expect for the price to break it higher.  You may sell here as long as we are below 0.8560, try to sell as closer to that as you can.

AUD recovers powerfully after breaking the important 0.9270 of which i was talking last time. Now we have a comfortable support area at 0.9290-0.9300, but ht e upside will be fully restored only above 0.9400 which is pretty far for now. Do not forget about the 0.9270, any drop below that will reverse the bullish outlook.

JPY makes another push and the dollar is on heavy pressure here to 100.80-101.00. Daily and H4 charts show bearish continuation while H1 shows some recovery to the upside is possible in the following hours to 101.70 for example.

GBP has built a good support at 1.6700 and that same level is also the Daily Ichimoku's Senkou Span A price. Daily resistance comes at 1.6760-1.6790, which is pretty wide and i doubt that we shall go above that today. Recovery above 1.6840 will restore the upside next week. Daily indicators are slowly turning to bullish.

RUB has reached the 34.70 resistance and the support is at 34.50. As long as we are above 34.50 the pair may progress further to the upside. You may enter LONG close to 34.50. Exit LONG below 34.35. H4 shows downside correction is going to start soon,and smaller frames show it has already started. Today's target is 34.50.

For today:

LONG EUR above 1.3600 SL 1.3590 TP 1.3640-1.3655-1.3685

SHORT EUR below 1.3595 SL 1.3605 TP 1.3560-1.3540

LONG GOLD above 1257 SL 1254 TP 1266-1272

SHORT GOLD below 1254 SL 1257 TP 1248-1242-1236

Good luck!

Views: 491

Tags: AUD, EUR, GBP, GOLD, JPY, NZD, RUB, USD

Comment by Gregor on May 30, 2014 at 9:53am

Dear Vladimir,

any clues about equities?

Regards,

G.

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