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Ascend Markets is a unique bonding of reputed dealers & quality service providers. This was created by a team of private analysts, market markers & some of the top hedge funds. We have a significant experience not only in forex markets but also in various stock exchanges like Tokyo, Us equity market & Indian Markets. Our objective is to provide quality service & fulfill your investment objectives in Foreign exchange market.
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Weekly Scenario in Forex Market
|Currency Pair||Analysis for the week: 13th April to 17th April 2015|
|EUR/USD||Market should not go lower than 1.0588 - 1.0439. After this move down it should go up to 1.0822 - 1.0907 area.|
|GBP/USD||Similar top Euro, Market should not go lower than 1.4618 - 1.4496. After this move down it should go up to 1.4815 - 1.4890 area.|
|GBP/JPY||If market is able to stay below 177.67 - 178.34 it might drop to 174.72 or 173.40.|
|GOLD||Gold is overbought in Medium term & heavy, While below 1224.33 it is more likely to fall further towards 1208.55 or 1200.71 level.|
It should trade higher to 0.7756 or above 0.7828 in extention. Supports at 0.7630 and 0.7594. Stop loss below 0.7505 zone.