Market Scenario 1: Long positions above 0.8021 with target at 0.8067.
Market Scenario 2: Short positions below 0.7953 with target at 0.7907.
Comment: The pair trades steady below 0.7980 level.
Supports and Resistances:
R3 0.8135
R2 0.8067
R1 0.8021
PP 0.7953
S1 0.7907
S2 0.7839
S3 0.7793
Market Scenario 1: Long positions above 135.20 with target at 136.01.
Market Scenario 2: Short positions below 134.48 with target at 133.67.
Comment: The pair rose and found resistance at 135.20 level and after that it trades in the range around 134.80-135.20.
Supports and Resistances:
R3 136.73
R2 136.01
R1 135.20
PP 134.48
S1 133.67
S2 132.95
S3 132.14
Market Scenario 1: Long positions above 1.1283 with target at 1.1352.
Market Scenario 2: Short positions below 1.1208 with target at 1.1139.
Comment: The pair might continue to trade based to the risk on / risk off in the near term according to analysts.
Supports and Resistances:
R3 1.1427
R2 1.1352
R1 1.1283
PP 1.1208
S1 1.1139
S2 1.1064
S3 1.0995
Market Scenario 1: Long positions above 188.54 with target at 189.27.
Market Scenario 2: Short positions below 187.62 with target at 186.89.
Comment: The pair tried to break resistance at pivot point 187.62 but failed multiple times.
Supports and Resistances:
R3 190.19
R2 189.27
R1 188.54
PP 187.62
S1 186.89
S2 185.97
S3 185.24
Market Scenario 1: Long positions above 1.5733 with target at 1.5798.
Market Scenario 2: Short positions below 1.5645 with target at 1.5580.
Comment: The pair strengthened again and tries to surpass 1.5700 level.
Supports and Resistances:
R3 1.5886
R2 1.5798
R1 1.5733
PP 1.5645
S1 1.5580
S2 1.5492
S3 1.5427
Market Scenario 1: Long positions above 119.97 with target at 120.15.
Market Scenario 2: Short positions below 119.66 with target at 119.48.
Comment: The pair weakened and falls due to soft data.
Supports and Resistances:
R3 120.64
R2 120.46
R1 120.15
PP 119.97
S1 119.66
S2 119.48
S3 119.17
Market Scenario 1: Long positions above 1199.30 with target at 1206.10.
Market Scenario 2: Short positions below 1189.50 with target at 1182.70.
Comment: Gold prices might extend gains at 1200.00 level.
Supports and Resistances:
R3 1215.90
R2 1206.10
R1 1199.30
PP 1189.50
S1 1182.70
S2 1172.90
S3 1166.10
Market Scenario 1: Long positions above 61.98 with target at 62.79.
Market Scenario 2: Short positions below 60.55 with target at 59.74.
Comment: Crude oil prices trade steady below 61.50 level.
Supports and Resistances:
R3 64.22
R2 62.79
R1 61.98
PP 60.55
S1 59.74
S2 58.31
S3 57.50
Market Scenario 1: Long positions above 49.515 with target at 50.199.
Market Scenario 2: Short positions below 48.498 with target at 47.814.
Comment: The pair has a bearish tone and tries to break support level 48.498.
Supports and Resistances:
R3 52.917
R2 51.216
R1 50.199
PP 49.515
S1 48.498
S2 47.814
S3 46.113
