Market Brief / 03-11-2017

Thank You For Your Support and For
Honoring Me With Your Up Vote...

EUR/USD continuing its consolidation. The downside support is at 1.1635 targeting 1.1690 and 1.1720 in extension. Alternatively, below 1.1635 look for a further downside with 1.1610 and 1.1510 as targets.

On the data slate there’s UK Composite PMI; US Change in Non-Farm Payrolls; US Change in Private Payrolls; US Average Hourly Earnings; US Trade Balance; US ISM Non-Manufacturing/Services Composite; US Factory Orders; US Durable Goods; US Services PMI and US Baker Hughes US Rig Count.

My Personal Trading Plan

SELL EUR/USD @ 1.1655 OR BETTER – STOP @ 1.1710 – TARGET @ 1.1510
SELL GBP/USD @ 1.3085 OR BETTER – STOP @ 1.3165 – TARGET @ 1.3000
BUY USD/JPY @ 113.70 OR BETTER – STOP @ 113.30 – TARGET @ 114.65
SELL CL1217 @ 54.80 OR BETTER – STOP @ 55.50 – TARGET @ 53.70
SELL AUD/USD @ 0.7700 OR BETTER – STOP @ 0.7765 – TARGET @ 0.7610
SELL XAU @ 1275 OR BETTER – STOP @ 1282 – TARGET @ 1258
SELL XAG @ 17.20 OR BETTER – STOP @ 17.60 – TARGET @ 16.40

THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.