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Global Research


US DOW JONES

 As Triangle on index is narrowing the range of index is also narrowing with limited upside at 18300 levels. Week on week index is making lower high suggests distribution pattern which can result in to sharp fall up to our target of 16000 in coming days.

We are continuing with our downside target of 16000 in DOW....as Team NTD is having negative outlook in coming period....


Dow Jones & CBOE Volatility Index (Comparative Daily Chart)



EURUSD (DAILY CHART)


EURUSD

EURUSD is firmly holding its important level of 1.660/1.06 levels with higher top & higher bottom formation. EURO has also given close above its important level of 1.08/1.0860 levels.

Technically EURO has made a bullish formation called INVERTED HNS PATTERN on its daily charts indicating bullish sign in coming days. Team NTD will not surprise if pair gets touch the levels of 1.1475/1.16 on decisive closing of 1.11/1.1150 levels in coming days.

This time Team NTD is having bullish outlook on pair with limited downside & anticipates pair to cross its all major resistance with full force all the way up to 1.11/1.1150 following 1.1475/1.16 in coming period.


USDJPY

This is second week pair is giving negative close below 119$ levels holding its neckline of HNS PATTERN (BEARISH PATTERN). Team NTD is having negative outlook on pair with first downside levels of 112.

Coming week upside is capped at 120.75$ levels.


 
USDRUB


After touching fresh low levels at 49.09 last week USDRUB has ended negative at 50.91. we see prices are forming base near 49/50 level.

In coming week USDRUB sustain close above 49/50 level will be an early indication for fresh reversal in USDRUB to upside target levels of 54/58.




PRECIOUS METALS

GOLD : GOLD has broken its immediate demand level of 1185/1180$ making low of 1174.40$. Fresh demand is seeing at 1160/1155$ levels.

Team NTD is still having its bullish outlook on GOLD with limited downside.
Coming week we see range of 1160$ to 1185$ following by 1205$.


SILVER: Silver is giving week on week negative close with limited downside as we are now at immediate demand levels of 15.50$. We expect a bounce from these levels up to 16.40/17.10$ levels.

Downside is still very limited as we see immediate demand at 15.50$ levels.
{April 25,2015} 

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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