Monday, July 1, 2013

Weekly Forex Analysis for the Week of July 1st until July 5th, 2013


                 Potentially Very Profitable Week in the Markets              
Remarkable opportunities are available in the various financial markets. We’ll have interest rate decision coming out from the European Central Bank, the Bank of England and the Reserve Bank of Australia. Additionally there will be speeches from some very influential people whose words are sure to cause massive moves in the markets. Bank of Japan’s Governor Kuroda is among those who will addressing the world on monetary policy. This is the week that one must trade and be prepared to see outstanding profits if appropriately positioned.


                             Technial Trading Plan for
the week of July 1st until July 5th, 2013

 
EUR/USD
 

RESISTANCE
R1:  1.30753
R2:  1.31029
R3:  1.31143
SUPPORT
S1:  1.30039
S2:  1.29875
R3:  1.29748

USD/JPY
 

RESISTANCE
R1:  99.450
R2:  99.813
R3:  103.626
SUPPORT
S1:  99.191
S2:  99.107
R3:    98.950

 

USD/ZAR
 

RESISTANCE
R1:  9.91907
R2:   9.96838
R3:  10.01026
SUPPORT
S1:  9.83194
S2:   9.78198
R3:    9.68662

 

XAU/USD – GOLD
 

RESISTANCE
R1:  $1,254.82
R2: $1,277.75
R3:  $1,299.65
SUPPORT
S1:  $1,237.47
S2: $1,224.54
R3:  $1,199.99

 
S & P Futures
 

RESISTANCE
R1: 1,600.17
R2:  1,604.92
R3: 1,608.22
SUPPORT
S1: 1,592.67
S2:  1,588.05
R3: 1,581.93

 

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