Market Scenario 1: Long positions above 0.7721 with target at 0.7751.
Market Scenario 2: Short positions below 0.7692 with target at 0.7662.
Comment: The pair has a bearish tone and broke below support level 0.7721.
Supports and Resistances:
R3 0.7839
R2 0.7810
R1 0.7780
PP 0.7751
S1 0.7721
S2 0.7692
S3 0.7662
Market Scenario 1: Long positions above 138.99 with target at 139.75.
Market Scenario 2: Short positions below 138.99 with target at 138.00.
Comment: The pair advanced and managed to surpass pivot point 138.99.
Supports and Resistances:
R3 141.50
R2 140.74
R1 139.75
PP 138.99
S1 138.00
S2 137.24
S3 136.25
Market Scenario 1: Long positions above 1.1260 with target at 1.1317.
Market Scenario 2: Short positions below 1.1260 with target at 1.1192.
Comment: The pair was taken higher than pivot point 1.1260 due to the bid tone on the common currency that strengthened in the early European session.
Supports and Resistances:
R3 1.1442
R2 1.1385
R1 1.1317
PP 1.1260
S1 1.1192
S2 1.1135
S3 1.1067
Market Scenario 1: Long positions above 193.42 with target at 193.82.
Market Scenario 2: Short positions below 193.42 with target at 192.73.
Comment: The pair’s rally extended and now trades near resistance level 193.42.
Supports and Resistances:
R3 194.51
R2 193.82
R1 193.42
PP 192.73
S1 192.33
S2 191.64
S3 191.24
Market Scenario 1: Long positions above 1.5614 with target at 1.5687.
Market Scenario 2: Short positions below 1.5614 with target at 1.5575.
Comment: The pair trades neutral near 1.5640 level.
Supports and Resistances:
R3 1.5799
R2 1.5726
R1 1.5687
PP 1.5614
S1 1.5575
S2 1.5502
S3 1.5463
Market Scenario 1: Long positions above 123.67 with target at 123.98.
Market Scenario 2: Short positions below 123.47 with target at 123.16.
Comment: The pair advanced and now faces resistance at 123.67 level.
Supports and Resistances:
R3 124.18
R2 123.98
R1 123.67
PP 123.47
S1 123.16
S2 122.96
S3 122.65
Market Scenario 1: Long positions above 1181.30 with target at 1187.10.
Market Scenario 2: Short positions below 1181.30 with target at 1175.10.
Comment: Gold prices trade lower ahead of FOMC statement.
Supports and Resistances:
R3 1199.10
R2 1193.30
R1 1187.10
PP 1181.30
S1 1175.10
S2 1169.30
S3 1163.10
Market Scenario 1: Long positions above 60.45 with target at 60.89.
Market Scenario 2: Short positions below 59.94 with target at 59.50.
Comment: Crude oil prices jumped and try to surpass resistance level 60.45.
Supports and Resistances:
R3 61.40
R2 60.89
R1 60.45
PP 59.94
S1 59.50
S2 58.99
S3 58.55
Market Scenario 1: Long positions above 53.068 with target at 53.718.
Market Scenario 2: Short positions below 53.068 with target at 51.966.
Comment: The pair rose and now is testing pivot level 53.068.
Supports and Resistances:
R3 56.573
R2 54.822
R1 53.718
PP 53.068
S1 51.966
S2 51.316
S3 49.563