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It´s Wednesday, March 14th my name is Jeff Fretts and you are watching Axiory´s Broadcast.
Let’s start with Axiory´s technical outlook for the euro dollar We are expecting a rise
above main pivot and price will then target at R1 resistance. Any rise above this level
will then focus on R2. But if price won´t be able to break above the main pivot it will
negate previous conclusion. We are expecting a bearish trend today.
After that, according to our outlook for the dollar yen As long as price holds above main
pivot target will be at R1 resistance. It reaches this level any rise above will be
suggesting the next target at R2. However a rebound from the first resistance will be
indicating a decline and it might fall below main pivot. A vast majority of our indicators
expect a bearish trend today.
Next up, the sterling dollar’s outlook. We expect it to fall below main pivot and
head towards S1 support. If price will have enough momentum we can expect further fall
towards S2. But a rebound from first support can be a signal of a stronger rise. We can
assume a bearish trend.
Finally, our outlook for the dollar franc. If price continues above current resistance
at R1 the next objective will be at R2. But if it rebounds from current resistance we
are expecting a decline below main pivot and it will then focus on S1 support. The vast
majority of indicators and our chart analysis in the dollar franc show a bearish trend.
National Statistics are going to release monthly statistics regarding the UK claimant count
change at 9:30 am GMT. Analysts are expecting a decline from 6,900 to 6,500 in jobless claims.
And a high impact on the sterling can be expected.
ZEW will release monthly survey about economic expectations in Switzerland at 10:00 am GMT.
In previous announcements expectations were at minus 21.2 points. Readings above 0.0 indicates
optimism, below the opposite. In addition a medium impact on the franc can be awaited.
Eurostat will publish monthly figures about industrial production in the Eurozone at 10:00
am GMT. It is expected to rise to 0.8 percent compared to decline of minus 1.1 percent in
previous statements. Moreover economists are awaiting medium impact on the euro.
And before we finish, we bring you a short overview of the best traders on Axiory giving
the opportunity for other traders and investors to join their trading strategies. Our support
staff is here to help you at anytime, should you need us.
Counter Strike strategy fell to third place in MirrorTrader and now stands at 353.5 pips.
At first place jumped MHFX01 strategy with 647.0 pips. Swapper remained in second. The
biggest gain was recorded in Trade Leaders where LW trading added 220 percent. Second
biggest gain was in MultiTrader where V9Direct added 14 percent and low Risk added 9 percent.
And as Ralph Waldo Emerson once said: “Every Artist was once an amateur“
All of us here wish you a successful and productive day so until next time ,Thanks for watching
Axiory´s broadcast “Goodbye”.