Market Scenario 1: Long positions above 0.7172 with targets @ 0.7222 & 0.7249.
Market Scenario 2: Short positions below 0.7172 with targets @ 0.7145 & 0.7095.
Comment: The pair in a range above pivot point 0.7172.
Supports and Resistances:
R3 0.7299
R2 0.7249
R1 0.7222
PP 0.7172
S1 0.7145
S2 0.7095
S3 0.7068
Market Scenario 1: Long positions above 135.97 with targets @ 136.79 & 137.45.
Market Scenario 2: Short positions below 135.97 with targets @ 135.31 & 134.49.
Comment: The pair strengthened and now faces the challenge to surpass resistance level 136.79.
Supports and Resistances:
R3 138.27
R2 137.45
R1 136.79
PP 135.97
S1 135.31
S2 134.49
S3 133.83
Market Scenario 1: Long positions above 1.1275 with targets @ 1.1336 & 1.1382.
Market Scenario 2: Short positions below 1.1275 with targets @ 1.1229 & 1.1168.
Comment: The pair is likely to follow the movement in the European stock markets ahead of the FOMC event due later today.
Supports and Resistances:
R3 1.1443
R2 1.1382
R1 1.1336
PP 1.1275
S1 1.1229
S2 1.1168
S3 1.1122
Market Scenario 1: Long positions above 186.06 with targets @ 187.89 & 189.01.
Market Scenario 2: Short positions below 186.06 with targets @ 184.94 & 183.11.
Comment: The pair has a bullish tone and trade above 187.00 level.
Supports and Resistances:
R3 190.84
R2 189.01
R1 187.89
PP 186.06
S1 184.94
S2 183.11
S3 181.99
Market Scenario 1: Long positions above 1.5500 with targets @ 1.5571 & 1.5649.
Market Scenario 2: Short positions below 1.5500 with targets @ 1.5372 & 1.5251.
Comment: The pair trades neutral near 1.5500 level.
Supports and Resistances:
R3 1.5770
R2 1.5649
R1 1.5571
PP 1.5450
S1 1.5372
S2 1.5251
S3 1.5173
Market Scenario 1: Long positions above 120.46 with targets @ 120.82 & 121.08.
Market Scenario 2: Short positions below 120.46 with targets @ 120.20 & 119.84.
Comment: The pair advanced and struggles to stay above resistance level 120.82.
Supports and Resistances:
R3 121.44
R2 121.08
R1 120.82
PP 120.46
S1 120.20
S2 119.84
S3 119.58
Market Scenario 1: Long positions above 1115.00 with targets @ 1127.10 & 1135.70.
Market Scenario 2: Short positions below 1115.00 with targets @ 1106.40 & 1094.30.
Comment: Gold prices extend gains ahead of Fed rate decision.
Supports and Resistances:
R3 1147.80
R2 1135.70
R1 1127.10
PP 1115.00
S1 1106.40
S2 1094.30
S3 1085.70
Market Scenario 1: Long positions above 46.43 with targets @ 48.05 & 48.96.
Market Scenario 2: Short positions below 46.43 with targets @ 45.52 & 43.90.
Comment: Crude oil prices fell and found support at 56.43 level.
Supports and Resistances:
R3 50.58
R2 48.96
R1 48.05
PP 46.43
S1 45.52
S2 43.90
S3 42.99
Market Scenario 1: Long positions above 64.471 with targets @ 65.119 & 66.417.
Market Scenario 2: Short positions below 64.471 with targets @ 63.173 & 62.524.
Comment: The pair advanced above pivot point 64.471.
Supports and Resistances:
R3 68.364
R2 66.417
R1 65.119
PP 64.471
S1 63.173
S2 62.524
S3 60.578
