29th March 2018 Market Outlook

Euro Aussie – EUR/AUD continue to rally higher after price rejected its 1.5620 support level as we expected in our 14th March 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price could potentially rally higher in the coming days while traders who missed the buying opportunity may still lookout for potential buy setups if price pullback into support level.

EURAUDrDaily

 

Swedish Krona – USD/SEK rally higher after price pullback into its 8.1400 support level and rejected it as we expected in our 15th March 2018 Market Outlook. Traders who went long as we recommended may consider taking profits or scale out the position at current price level while leaving the rest to run further with a trailing stop behind.

USDSEKrDaily

 

Silver – Silver decline lower after price rejected its 16.97–16.85 resistance area. Traders who went short as we recommended in our 26th March 2018 Market Outlook may consider continue holding onto the short position with a trailing stop behind and have the first target set near 16.15 support level.

XAGUSDrDaily