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It´s Monday, April 2nd my name is Jeff Fretts and you are watching Axiory´s Broadcast
Let’s start with Axiory´s technical outlook for the euro dollar If the price holds below
main pivot we can expect downward move towards S1 support. But if the euro dollar will be
able to rise above main pivot the opposite will happen and it will target at R1 resistance.
We are expecting a bearish trend today.
After that, according to our outlook for the dollar yen Price has reached resistance R1
and if it gains momentum it will focus on R2 resistance. But if this is beginning of
decline, target will be at main pivot and if the price won´ t be able to rebound from
this level and next objective will be at S1 support. Expect a bullish trend today.
Next up, the sterling dollar’s outlook. Price fell below main pivot and now is heading
towards S1 support. If the cable holds its momentum it will break below this level and
the next objective will be at S1 support, but price will probably rebound earlier. We
can assume a bearish trend.
Finally, our outlook for the dollar franc. Price rebounded from support S1 and it seems
it will be able to rise above main pivot and then focus on resistance R1. But the price
will be probably limited at this level and downward move can be awaited subsequently.
The vast majority of indicators and our chart analysis in the dollar franc show a bullish
trend.
First news for today can be expected from the Federal Statistical Office in Switzerland
at 8:15 am GMT. The office is going to release monthly figures about retail sales and economists
are expecting slight decline from 4.4 percent to 3.2 percent. In addition, high impact on
the franc can be awaited.
Markit is going to release monthly figures about manufacturing PMI at 9:30 am GMT in
the UK. Analysts are awaiting decline to 50.5 point compared to previous 51.2 points. Moreover
a high impact on the sterling can be awaited.
Next, at 3:00 pm GMT Institute for Supply Management will publish data about manufacturing
PMI in the United States. In a previous month index reached 52.4 points and it is expected
rise to 53.3 points. Both readings indicate industry expansion. Also it will have high
impact on the dollar.
Axiory brings you a short overview of the best traders on Axiory giving the opportunity
for other traders and investors to join their trading strategies. Come join us Tue thru
wednesday for our informative and interactive webinars .
Swapper strategy in MirrorTrader held its first place with 740.5 pips and second is
again Glimspy reaching 603.2 pips. At the third place jumped Pminvestcapital with 284.7
pips. At third position in Multitrader Thunder was replaced by HEROpips with 206.7 percent.
The fastest growth could be seen in LowRisk Investment which added 66.6 percent and
V9direct also rose but less adding almost 10 percent. On the other hand LW Trading recorded
loss 29 percent and now stands at 3,426.
And on this day in history in 1513 - Florida was discovered,and claimed for Spain by Ponce
de Leon
All of us here wish you a successful and productive day so until next time ,Thanks for watching
Axiory´s broadcast “Goodbye”.