Sunday, March 28, 2010

Week Mar 28 - Apr 2

Gold: Again found support below 1100 / ounce.
1074 remains a key support level and below 1045.
Dips in gold price is attractive for investors (buy side).
Main resistance remains around 1140.90 level.

See daily chart:








EUR/USD: After a free fall pair have rebounded back but is in pull back not change of trend.
Support: 1.3388 and below that 1.3306 and then the low of last week 1.3267. First Resistance zone: 1.3430 - 1.3464 area. Trend is your friend and fundamentals for EURO are not in a strong support of EURO strength. I will be looking for shorts near major resistance levels and or breaking of support levels.

See H4 Chart:









GBP/USD:
Lately I have been following this pair a lot...hope to start trading this pair full time. Adding it to my primary trading pair.
Last week Pound fell to test 1.4781 area key support going down. However, the pair is still under a lot of pressure (Bearish). Going up 1.5011 will be a key resistance level.

See chart H1:











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Last Close: Mar 26, 2010

Total Trades 145
Negative: 35
Positive: 110

Win to loss ratio 75.86 %

Equity Curve +12.01 %

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