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Gold and silver took a dive and tumbled down all the way back to their levels in 2011. The lingering effects of the recent FOMC meeting may have had a key role in this turn of events. Will this downward trend continue during the day? There are many reports to be published today including: U.S. Jobless Claims, U.S. PPI, U.S. TIC Long Term Purchases and Philly Fed Manufacturing Index.
The complete daily forecast of gold and silver prices for March 15th
Gold tumbled down on Wednesday by 3.03% to $1,642.9; silver also decreased by 4.17% to $32.18. During the month, gold declined by 4% and silver by 7.1%.

Forex Trades 03/15 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.928
[b]Stop[/b]: 0.932
[b]Resistances[/b]: 0.935 - 0.9335 - 0.9285
[b]Supports[/b]: 0.911 - 0.922 - 0.9265

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurcad"]EUR/CAD - Euro / Canadian Dollar[/url][/b]
[b]Entry[/b]: 1.2955
[b]Stop[/b]: 1.2985
[b]Resistances[/b]: ...

GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.5991, the price action from 1.5602 is treated as consolidation of the downtrend. Another fall would likely be seen after consolidation, and next target would be at 1.5500 area. Support is at 1.5602, a breakdown below this level could signal resumption of the downtrend. Resistance is at the upper line of the channel, only a clear break above the channel could signal completion of the downtrend.



Forex Signals

[B]BIAS[/B]: I still feel that we're due a reversal higher soon

[B]Resistance[/B]: 1.0467 1.0485-96 1.0520-25 1.0560
[B]Support[/B]: 1.0428 1.0404 1.0385 1.0356-59

[B]MAIN ANALYSIS[/B]: Break of the 1.0510-20 support took price lower through 1.0444 and has a minor projection at 1.0404 where I'd like to see a minor pullback higher that should remain below 1.0450 for a final leg lower to the 1.0340-60 area. Ideally that should provide the base for a reversal higher. Only below 1.0336 would allow extension to 1.0273-90. Also note the deeper 1.0244 projection.

[B]COUNTER ANALYSIS[/B]: Only a break back above 1.0467 would trigger a reversal higher more directly. There's still resistance ...

Attached Files

• The Brief Daily Forecaster.pdf (85.2 KB, 59 次查看)