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Trading Strategy for Next Week (14 March – 18 March)

March 14, 2016 6:23 pm

Posted by Mr. Muhammad Awais

Keeping in view technical and fundamental analysis following trades are recommended for coming week.

GOLD

  • Resistance Levels:  $1278, $1292, $1300
  • Support Levels :  $1263, $1249, $1233

Strategy

  1.   Sell below $1278 using Stop Loss of $1292 targeting $1233 and $1204
  2.   Buy above $1233 using Stop Loss of $1219 targeting $1278 and $1303

EURUSD

  • Resistance Levels: $ 1.1180 – $ 1.1260 – $ 1.1340
  • Support Levels : $ 1.1060 – $ 1.0960 – $ 1.0810

Strategy

  1.   Sell below $1.1260-$1.1340 using Stop Loss of $1.1380 targeting $1.1060 and $1.0960
  2.   Buy above $1.0800 using Stop Loss of $1.0740 targeting $1.1260 and $1.1340

CRUDE OIL

  • Resistance Levels: $ 39.40 – $ 40.40 – $ 42.30
  • Support Levels : $ 38.40 – $ 36.70 – $ 34.60

Strategy

  1.   Sell below $42.30 using Stop Loss of $43.00 targeting $38.40 and $37.80
  2.   Buy above $34.60 using Stop Loss of $32.60 targeting $39.40 and $42.30

Original Source: FXProfiting

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