Market Scenario 1: Long positions above 0.7335 with targets at 0.7391 and 0.7440
Market Scenario 2: Short positions below 0.7335 with targets at 0.7286 and 0.7230
Comment: Aussie during Friday’s session reached a new high at 0.7385 against US dollar, the highest level since 13th of August. Today AUD/USD is trading under pressure below Pivot Point level.
Supports and Resistances:
R3 0.7496
R2 0.7440
R1 0.7391
PP 0.7335
S1 0.7286
S2 0.7230
S3 0.7181
EUR/JPY
Market Scenario 1: Long positions above 132.91 with targets at 135.67 and 137.26
Market Scenario 2: Short positions below 132.91 with targets at 131.32 and 128.56
Comment: After Thursday’s rally when European currency appreciated for more than 300 pips per one day against Japanese yen, the pair has been trading flat. Today EUR/JPY is trading cautiously ahead of BOJ governor Kuroda’s speech.
Supports and Resistances:
R3 135.79
R2 135.18
R1 134.53
PP 133.92
S1 133.27
S2 132.66
S3 132.01
EUR/USD
Market Scenario 1: Long positions above 1.0888 with targets at 1.0942 and 1.1008
Market Scenario 2: Short positions below 1.0888 with targets at 1.0822 and 1.0768
Comment: European currency gradually giving back its positions achieved on Thursday’s session against US dollar amid expectations that Fed Reserve will hike rate this year. Currently EUR/USD is trading below the First Support level aiming to test the Second One.
Supports and Resistances:
R3 1.1062
R2 1.1008
R1 1.0942
PP 1.0888
S1 1.0822
S2 1.0768
S3 1.0702
Market Scenario 1: Long positions above 185.75 with targets at 186.39 and 186.87
Market Scenario 2: Short positions below 185.75 with targets at 185.27 and 184.63
Comment: Sterling facing difficulties to break through the first Resistance level at 186.39 for the last two days. With an empty financial calendar today, it is expected that the pair will remain trading in the range.
Supports and Resistances:
R3 187.51
R2 186.87
R1 186.39
PP 185.75
S1 185.27
S2 184.63
S3 184.15
Market Scenario 1: Long positions above 1.5112 with targets at 1.5147 and 1.5191
Market Scenario 2: Short positions below 1.5112 with targets at 1.5068 and 1.5033
Comment: Sterling is trading under pressure since Friday’s session against US dollar sinking below 1.51. Today at 16:00 GMT+1 BOE governor Carney will give a speech in Brussels
Supports and Resistances:
R3 1.5226
R2 1.5191
R1 1.5147
PP 1.5112
S1 1.5068
S2 1.5033
S3 1.4989
Market Scenario 1: Long positions above 122.98 with targets at 123.49 and 123.88
Market Scenario 2: Short positions below 122.98 with targets at 122.59 and 122.08
Comment: US dollar continues undertaking attempts to break through the first Resistance level, however, the level remains inapproachable. Currently the pair is trading close to R1
Supports and Resistances:
R3 124.39
R2 123.88
R1 123.49
PP 122.98
S1 122.59
S2 122.08
S3 121.69
GOLD
Market Scenario 1: Long positions above 1077.61 with targets at 1097.27 and 1108.51
Market Scenario 2: Short positions below 1077.61 with targets at 1066.37 and 1046.71
Comment: Gold during Friday’s session rose for almost 25 US dollar per one day the sharpest increase since second of October. At the time being, gold is trading above Pivot Point level.
Supports and Resistances:
R3 1139.41
R2 1108.51
R1 1097.27
PP 1077.61
S1 1066.37
S2 1046.71
S3 1015.81
CRUDE OIL
Market Scenario 1: Long positions above 41.02 with targets at 41.99 and 42.73
Market Scenario 2: Short positions below 41.02 with targets at 40.28 and 39.31
Comment: After OPEC’s meeting, where OPEC members decided to keep pumping oil with the same volume, crude came under pressure and dropped below psychologically important level of 40 US dollar a barrel. Currently crude already broke through Pivot Point and first Support level and testing the Second one.
Supports and Resistances:
R3 44.44
R2 42.73
R1 41.99
PP 41.02
S1 40.28
S2 39.31
S3 37.60
Market Scenario 1: Long positions above 64.77 with targets at 69.60 and 72.14
Market Scenario 2: Short positions below 64.77 with targets at 62.23 and 57.40
Comment: US dollar continues appreciating against Russian ruble for sixth day in the row, reaching its highest level at 67.66 amid disappointing news from OPEC, which led crude prices to fall.
Supports and Resistances:
R3 79.51
R2 72.14
R1 69.60
PP 64.77
S1 62.23
S2 57.40
S3 50.03
