Market Scenario 1: Long positions above 0.7344 with targets at 0.7377 and 0.7407.
Market Scenario 2: Short positions below 0.7344 with targets at 0.7314 and 0.7281.
Comment: The pair broke the support at pivot point 0.7344 and now attempts to reach second support at 0.7314 level.
Supports and Resistances:
R3 0.7440
R2 0.7407
R1 0.7377
PP 0.7344
S1 0.7314
S2 0.7281
S3 0.7251
Market Scenario 1: Long positions above 137.52 with targets at 138.00 and 138.30.
Market Scenario 2: Short positions below 137.52 with targets at 137.22 and 136.74.
Comment: The pair advanced, but faces a difficulty to break resistance level 138.00.
Supports and Resistances:
R3 138.78
R2 138.30
R1 138.00
PP 137.52
S1 137.22
S2 136.74
S3 136.44
Market Scenario 1: Long positions above 1.1090 with targets at 1.1164 and 1.1207.
Market Scenario 2: Short positions below 1.1090 with targets at 1.1047 and 1.0973.
Comment: The pair rose above pivot point 1.1090 and now trades neutral near 1.1120 level.
Supports and Resistances:
R3 1.1281
R2 1.1207
R1 1.1164
PP 1.1090
S1 1.1047
S2 1.0973
S3 1.0930
Market Scenario 1: Long positions above 194.39 with targets at 194.77 and 195.40.
Market Scenario 2: Short positions below 194.39 with targets at 193.76 and 193.38.
Comment: The pair hovers around pivot point at 194.39 level.
Supports and Resistances:
R3 195.78
R2 195.40
R1 194.77
PP 194.39
S1 193.76
S2 193.38
S3 192.75
Market Scenario 1: Long positions above 1.5671 with targets at 1.5707 and 1.5736.
Market Scenario 2: Short positions below 1.5671 with targets at 1.5642 and 1.5606.
Comment: The pair trades lower ahead of Retail Sales data.
Supports and Resistances:
R3 1.5772
R2 1.5736
R1 1.5707
PP 1.5671
S1 1.5642
S2 1.5606
S3 1.5577
Market Scenario 1: Long positions above 123.99 with targets at 124.29 and 124.77.
Market Scenario 2: Short positions below 123.99 with targets at 123.51 and 123.21.
Comment: The pair has a bullish tone and tries to surpass pivot point 123.99.
Supports and Resistances:
R3 125.07
R2 124.77
R1 124.29
PP 123.99
S1 123.51
S2 123.21
S3 122.73
Market Scenario 1: Long positions above 1127.80 with targets at 1140.10 and 1146.60.
Market Scenario 2: Short positions below 1127.80 with targets at 1121.30 and 1109.00.
Comment: Gold prices rose and found support at 1140.10 level amid sliding Asian stock markets.
Supports and Resistances:
R3 1158.90
R2 1146.60
R1 1140.10
PP 1127.80
S1 1121.30
S2 1109.00
S3 1102.50
CRUDE OIL
Market Scenario 1: Long positions above 41.65 with targets at 42.48 and 44.02.
Market Scenario 2: Short positions below 41.65 with targets at 40.11 and 39.28.
Comment: Crude oil prices reached a 6-year low after EIA reported that crude oil inventories unexpectedly increased 2.6 million barrels last week.
Supports and Resistances:
R3 44.85
R2 44.02
R1 42.48
PP 41.65
S1 40.11
S2 39.28
S3 37.74
Market Scenario 1: Long positions above 64.868 with targets at 66.388 and 67.197.
Market Scenario 2: Short positions below 64.868 with targets at 64.058 and 62.538.
Comment: The pair advanced towards resistance level 66.388.
Supports and Resistances:
R3 69.527
R2 67.197
R1 66.388
PP 64.868
S1 64.058
S2 62.538
S3 60.208