*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7061 with targets at 0.7107 and 0.7200.
Market Scenario 2: Short positions below 0.7061 with targets at 0.6968 and 0.6922.
Comment: The pair rose from 6-year lows but the Australian data that were released regarding GDP still put pressure to the Australian dollar.
Supports and Resistances:
R3 0.7246
R2 0.7200
R1 0.7107
PP 0.7061
S1 0.6968
S2 0.6922
S3 0.6829
Market Scenario 1: Long positions above 135.32 with targets at 135.98 and 136.88.
Market Scenario 2: Short positions below 135.32 with targets at 134.42 and 133.76.
Comment: The pair is pushed down for second time to find support at pivot point 135.32.
Supports and Resistances:
R3 137.54
R2 136.88
R1 135.98
PP 135.32
S1 134.42
S2 133.76
S3 132.86
Market Scenario 1: Long positions above 1.1284 with targets at 1.1362 and 1.1408.
Market Scenario 2: Short positions below 1.1284 with targets at 1.1238 and 1.1160.
Comment: The pair is weakened more and now tests the levels of 1.1250/60.
Supports and Resistances:
R3 1.1486
R2 1.1408
R1 1.1362
PP 1.1284
S1 1.1238
S2 1.1160
S3 1.1114
Market Scenario 1: Long positions above 183.81 with targets at 185.08 and 187.50.
Market Scenario 2: Short positions below 183.81 with targets at 181.39 and 180.12.
Comment: The pair couldn’t hold above pivot point 183.81 and retraced near 183.40 level.
Supports and Resistances:
R3 188.77
R2 187.50
R1 185.08
PP 183.81
S1 181.39
S2 180.12
S3 177.70
Market Scenario 1: Long positions above 1.5336 with targets at 1.5374 and 1.5444.
Market Scenario 2: Short positions below 1.5336 with targets at 1.5266 and 1.5228.
Comment: The pair breaks below 1.5300 level and tracks European equity futures.
Supports and Resistances:
R3 1.5482
R2 1.5444
R1 1.5374
PP 1.5336
S1 1.5266
S2 1.5228
S3 1.5158
Market Scenario 1: Long positions above 122.69 with targets at 120.67 and 121.98.
Market Scenario 2: Short positions below 122.69 with targets at 118.65 and 117.94.
Comment: The pair fell from highs of 120.46 earlier and now seems that it tries to reach 120.00 level again.
Supports and Resistances:
R3 122.69
R2 121.98
R1 120.67
PP 122.69
S1 118.65
S2 117.94
S3 116.63
Market Scenario 1: Long positions above 1140.10 with targets at 1146.50 and 1153.60.
Market Scenario 2: Short positions below 1140.10 with targets at 1133.00 and 1126.60.
Comment: Gold prices struggle on greenback and fail to benefit from falling equities.
Supports and Resistances:
R3 1160.00
R2 1153.60
R1 1146.50
PP 1140.10
S1 1133.00
S2 1126.60
S3 1119.50
CRUDE OIL
Market Scenario 1: Long positions above 45.74 with targets at 47.32 and 50.46.
Market Scenario 2: Short positions below 45.74 with targets at 42.60 and 41.02.
Comment: Crude oil prices trade neutral near 44.35 level.
Supports and Resistances:
R3 52.04
R2 50.46
R1 47.32
PP 45.74
S1 42.60
S2 41.02
S3 37.88
Market Scenario 1: Long positions above 64.433 with targets at 67.302 and 68.937.
Market Scenario 2: Short positions below 64.433 with targets at 62.798 and 59.929.
Comment: The pair trades flat near 65.800 level.
Supports and Resistances:
R3 73.441
R2 68.937
R1 67.302
PP 64.433
S1 62.798
S2 59.929
S3 55.425
