Market Scenario 1: Long positions above 0.7365 with targets at 0.7402 and 0.7434.
Market Scenario 2: Short positions below 0.7365 with targets at 0.7333 and 0.7296.
Comment: The pair has resumed its descent in recent weeks, hitting a new 6-year low of 0.7350 in mid-July. The fall has coincided with rising concerns over China and weak commodity prices.
Supports and Resistances:
R3 0.7471
R2 0.7434
R1 0.7402
PP 0.7365
S1 0.7333
S2 0.7296
S3 0.7264
Market Scenario 1: Long positions above 134.64 with targets at 134.95 and 135.34.
Market Scenario 2: Short positions below 134.64 with targets at 134.25 and 133.94.
Comment: The pair hovers above pivot point 134.64.
Supports and Resistances:
R3 135.65
R2 135.34
R1 134.95
PP 134.64
S1 134.25
S2 133.94
S3 133.55
Market Scenario 1: Long positions above 1.0834 with targets at 1.0859 and 1.0895.
Market Scenario 2: Short positions below 1.0834 with targets at 1.0798 and 1.0773.
Comment: The pair alternated gains with losses during the European morning on Tuesday and hangs on to the 1.0820 area.
Supports and Resistances:
R3 1.0920
R2 1.0895
R1 1.0859
PP 1.0834
S1 1.0798
S2 1.0773
S3 1.0737
Market Scenario 1: Long positions above 193.47 with targets at 193.91 and 194.37.
Market Scenario 2: Short positions below 193.47 with targets at 193.01 and 192.57.
Comment: The pair advanced and trades above 193.60 level.
Supports and Resistances:
R3 194.81
R2 194.37
R1 193.91
PP 193.47
S1 193.01
S2 192.57
S3 192.11
Market Scenario 1: Long positions above 1.5575 with targets at 1.5613 and 1.5664.
Market Scenario 2: Short positions below 1.5575 with targets at 1.5524 and 1.5486.
Comment: The pair is expected to remain quite thin for the time being for chances of further gains.
Supports and Resistances:
R3 1.5702
R2 1.5664
R1 1.5613
PP 1.5575
S1 1.5524
S2 1.5486
S3 1.5435
Market Scenario 1: Long positions above 124.23 with targets at 124.44 and 124.57.
Market Scenario 2: Short positions below 124.23 with targets at 124.10 and 123.89.
Comment: The pair has a bullish tone and now faces resistance level 124.44.
Supports and Resistances:
R3 124.78
R2 124.57
R1 124.44
PP 124.23
S1 124.10
S2 123.89
S3 123.76
Market Scenario 1: Long positions above 1103.10 with targets at 1126.10 and 1155.60.
Market Scenario 2: Short positions below 1103.10 with targets at 1073.60 and 1050.60.
Comment: Gold prices trade neutral near pivot point 1103.10.
Supports and Resistances:
R3 1178.60
R2 1155.60
R1 1126.10
PP 1103.10
S1 1073.60
S2 1050.60
S3 1021.10
Market Scenario 1: Long positions above 50.66 with targets at 51.16 and 52.09.
Market Scenario 2: Short positions below 50.66 with targets at 49.73 and 49.23.
Comment: Crude oil prices trade unchanged near 50.00 level.
Supports and Resistances:
R3 52.59
R2 52.09
R1 51.16
PP 50.66
S1 49.73
S2 49.23
S3 48.30
Market Scenario 1: Long positions above 55.966 with targets at 56.391 and 56.900.
Market Scenario 2: Short positions below 55.966 with targets at 55.456 and 55.031.
Comment: The pair trades flat near pivot point 55.966.
Supports and Resistances:
R3 57.835
R2 56.900
R1 56.391
PP 55.966
S1 55.456
S2 55.031
S3 54.096
