Market Scenario 1: Long positions above 0.7943 with target at 0.7980.
Market Scenario 2: Short positions below 0.7875 with target at 0.7838.
Comment: The pair is likely to break below 0.7865 level and extend its decline in coming weeks according to analysts.
Supports and Resistances:
R3 0.8085
R2 0.8048
R1 0.7980
PP 0.7943
S1 0.7875
S2 0.7838
S3 0.7770
Market Scenario 1: Long positions above 134.77 with target at 135.60.
Market Scenario 2: Short positions below 133.71 with target at 132.88.
Comment: The pair found resistance and couldn’t break pivot point 134.77.
Supports and Resistances:
R3 137.49
R2 136.66
R1 135.60
PP 134.77
S1 133.71
S2 132.88
S3 131.82
Market Scenario 1: Long positions above 1.1198 with target at 1.1277.
Market Scenario 2: Short positions below 1.1069 with target at 1.0990.
Comment: The pair is about to test session lows below 1.1100 level with the effects of yesterday’s comments by ECB’s Coeure and Noyer hovering over market participants today.
Supports and Resistances:
R3 1.1485
R2 1.1406
R1 1.1277
PP 1.1198
S1 1.1069
S2 1.0990
S3 1.0861
Market Scenario 1: Long positions above 188.09 with target at 189.03.
Market Scenario 2: Short positions below 187.01 with target at 186.07.
Comment: The pair trades neutral near 187.40 level.
Supports and Resistances:
R3 190.11
R2 189.03
R1 188.09
PP 187.01
S1 186.07
S2 184.99
S3 184.05
Market Scenario 1: Long positions above 1.5540 with target at 1.5635.
Market Scenario 2: Short positions below 1.5411 with target at 1.5316.
Comment: The pair managed to break 1.5500 level and currently trades near 1.5485 level.
Supports and Resistances:
R3 1.5859
R2 1.5764
R1 1.5635
PP 1.5540
S1 1.5411
S2 1.5316
S3 1.5187
Market Scenario 1: Long positions above 121.00 with target at 121.32.
Market Scenario 2: Short positions below 120.41 with target at 120.09.
Comment: The pair advanced and is trying to break resistance level 121.00.
Supports and Resistances:
R3 121.91
R2 121.32
R1 121.00
PP 120.41
S1 120.09
S2 119.50
S3 119.18
Market Scenario 1: Long positions above 1212.70 with target at 1220.30.
Market Scenario 2: Short positions below 1199.90 with target at 1192.30.
Comment: Gold prices hit a session low of 1203.00 as the dollar was bid higher against the basket of currencies in the early European session.
Supports and Resistances:
R3 1240.70
R2 1233.10
R1 1220.30
PP 1212.70
S1 1199.90
S2 1192.30
S3 1179.50
Market Scenario 1: Long positions above 58.87 with target at 59.82.
Market Scenario 2: Short positions below 57.33 with target at 56.38.
Comment: Crude oil prices rebound in Asia amid tensions in Yemen, supply data.
Supports and Resistances:
R3 62.31
R2 61.36
R1 59.82
PP 58.87
S1 57.33
S2 56.38
S3 54.84
Market Scenario 1: Long positions above 49.046 with target at 49.362.
Market Scenario 2: Short positions below 48.423 with target at 48.107.
Comment: The pair advances and now is about to face resistance level 49.046.
Supports and Resistances:
R3 50.301
R2 49.362
R1 49.046
PP 48.423
S1 48.107
S2 47.484
S3 46.545
