Here i come with the usual weekly trading outlook:
After the sharp rise in the Australian dollar against the U.S. dollar, now the price is right on the key resistance level where we could find short ideas. The first support area is located at 1.0400 zone.
On the usd/jpy – weekly chart, we are faced with a very good trading opportunity for the next week . In fact, the price shows a strong buy signal that can be traded in various ways.
After the new plan by the Fed (QE3) the U.S. industrial index has triggered major increases until the resistance to 13,650 points. From here we could see a correction until the support to 13,300 points. In this area i’ll wait for a long signal to enter the market in the direction of the trend.
Gold – Xau/Usd
The spot price of gold has risen almost vertically in the last 2 weeks. This is because the Fed first said to act with quantitative easing and then confirmed this week by printing new money to finance purchases of mortgage-backed bonds. The gold has jumped bluntly. Now we can wait for a long signal between $ 1,735 and $ 1,715.
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