Market Scenario 1: Long positions above 0.6984 with targets at 0.7019 & 0.7083
Market Scenario 2: Short positions below 0.6984 with targets at 0.6920 & 0.6885
Comment: Having broken through the First Resistance level and on the way to the second one, Aussie came under selling pressure and was sent below Pivot Point level, closing the session at 0.6956 US Dollars per 1 Australian Dollar. Today the pair continues trading under pressure below Pivot Point level.
Supports and Resistances:
R3 0.7118
R2 0.7083
R1 0.7019
PP 0.6984
S1 0.6920
S2 0.6885
S3 0.6821
Market Scenario 1: Long positions above 128.05 with targets at 128.46 & 128.95
Market Scenario 2: Short positions below 128.05 with targets at 127.56 & 127.15
Comment: European currency managed to close yesterday’s session against Japanese Yen in positive territory, for the first time in four sessions. Today the pair is trading with positive bias having broken through the Pivot Point level and aiming to test the First Resistance level.
Supports and Resistances:
R3 129.36
R2 128.95
R1 128.46
PP 128.05
S1 127.56
S2 127.15
S3 126.66
Market Scenario 1: Long positions above 1.0855 with targets at 1.0907 & 1.0938
Market Scenario 2: Short positions below 1.0855 with targets at 1.0824 & 1.0772
Comment: European currency was traded firm against US Dollar during yesterday’s session closing the day with 30 pips profit. Today euro continues appreciating against US Dollar trading close to the first Resistance level.
Supports and Resistances:
R3 1.0990
R2 1.0938
R1 1.0907
PP 1.0855
S1 1.0824
S2 1.0772
S3 1.0741
Market Scenario 1: Long positions above 170.10 with targets at 170.70 & 171.89
Market Scenario 2: Short positions below 170.10 with targets at 168.91 & 168.31
Comment: Sterling continues trading close to its lowest level against Japanese Yen, closing yesterday’s session on the negative territory. Today Sterling reached its lowest level at ¥168.77, however, managed to find support and now trading close to the Pivot Point level.
Supports and Resistances:
R3 172.49
R2 171.89
R1 170.70
PP 170.10
S1 168.91
S2 168.31
S3 167.12
Market Scenario 1: Long positions above 1.4420 with targets at 1.4460 & 1.4460
Market Scenario 2: Short positions below 1.4420 with targets at 1.4364 & 1.4324
Comment: Sterling was trading calmly against US Dollar, closing yesterday’s session with almost no change. Today GBPUSD continues trading in the range slightly above Pivot point level.
Supports and Resistances:
R3 1.4556
R2 1.4516
R1 1.4460
PP 1.4420
S1 1.4364
S2 1.4324
S3 1.4268
Market Scenario 1: Long positions above 117.89 with targets at 118.16 & 118.63
Market Scenario 2: Short positions below 117.89 with targets at 117.42 & 117.15
Comment:During yesterday’s session US Dollar managed to break through the first Resistance level and half way to the second one came under selling pressure and was sent below Pivot Point level, closing the session in negative territory. Today USDJPY has been very volatile, however, neither bull, nor bears succeeded in pushing the pair either direction.
Supports and Resistances:
R3 118.90
R2 118.63
R1 118.16
PP 117.89
S1 117.42
S2 117.15
S3 116.68
Market Scenario 1: Long positions above 1089.31 with targets at 1099.08 & 1105.11
Market Scenario 2: Short positions below 1089.31 with targets at 1083.28 & 1073.51
Comment: After three consecutive trading days of losses, gold managed during yesterday’s session to close the day in profit. Today gold is trading slightly under pressure, albeit above Pivot point level.
Supports and Resistances:
R3 1120.91
R2 1105.11
R1 1099.08
PP 1089.31
S1 1083.28
S2 1073.51
S3 1057.71
Market Scenario 1: Long positions above 30.77 with targets at 31.46 & 32.38
Market Scenario 2: Short positions below 30.77 with targets at 29.85 & 29.16
Comment: Crude oil during yesterday’s session tried to break through the Pivot Point level and the First Resistance level, however, being unable to sustain the selling pressure retreated by the end of the day to its opening price. Today Crude oil is trading positively and have already broken through the Pivot Point level.
Supports and Resistances:
R3 33.99
R2 32.38
R1 31.46
PP 30.77
S1 29.85
S2 29.16
S3 27.55
Market Scenario 1: Long positions above 75.36 with targets at 76.04 & 76.83
Market Scenario 2: Short positions below 75.36 with targets at 74.57 & 73.89
Comment: US Dollar has been trading in the range against Russian Rubble for couple of days amid lack of price change in Crude oil.
Supports and Resistances:
R3 78.30
R2 76.83
R1 76.04
PP 75.36
S1 74.57
S2 73.89
S3 72.42
