*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7887 with target @ 0.7919.
Market Scenario 2: Short positions below 0.7838 with target @ 0.7806.
Comment: The pair strengthened and advances near 0.7880 level.
Supports and Resistances:
R3 0.7968
R2 0.7919
R1 0.7887
PP 0.7838
S1 0.7806
S2 0.7757
S3 0.7725
Market Scenario 1: Long positions above 129.52 with target @ 130.05.
Market Scenario 2: Short positions below 129.52 with target @ 129.08.
Comment: The pair trades neutral near pivot point 129.52.
Supports and Resistances:
R3 131.02
R2 130.49
R1 130.05
PP 129.52
S1 129.08
S2 128.55
S3 128.11
Market Scenario 1: Long positions above 1.0878 with target @ 1.0936.
Market Scenario 2: Short positions below 1.0878 with target @ 1.0829.
Comment: The pair trades on a softer tone around 1.0880 level.
Supports and Resistances:
R3 1.1043
R2 1.0985
R1 1.0936
PP 1.0878
S1 1.0829
S2 1.0771
S3 1.0722
Market Scenario 1: Long positions above 181.84 with target @ 182.34.
Market Scenario 2: Short positions below 181.07 with target @ 180.57.
Comment: The pair advances and tries to reach 181.50 level.
Supports and Resistances:
R3 183.11
R2 182.34
R1 181.84
PP 181.07
S1 180.57
S2 179.80
S3 179.30
Market Scenario 1: Long positions above 1.5295 with target @ 1.5356.
Market Scenario 2: Short positions below 1.5201 with target @ 1.5140.
Comment: The British pound strengthened due to dollar weakness as demand for the greenback was limited.
Supports and Resistances:
R3 1.5450
R2 1.5356
R1 1.5295
PP 1.5201
S1 1.5140
S2 1.5046
S3 1.4985
Market Scenario 1: Long positions above 119.08 with target @ 119.38.
Market Scenario 2: Short positions below 119.08 with target @ 118.72.
Comment: The pair frozen above 119.00 level.
Supports and Resistances:
R3 120.04
R2 119.74
R1 119.38
PP 119.08
S1 118.72
S2 118.42
S3 118.06
Market Scenario 1: Long positions above 1214.06 with target @ 1224.93.
Market Scenario 2: Short positions below 1195.83 with target @ 1184.96.
Comment: Gold prices struggle to extend gains above 1200.00 level.
Supports and Resistances:
R3 1243.16
R2 1224.93
R1 1214.06
PP 1195.83
S1 1184.96
S2 1166.73
S3 1155.86
Market Scenario 1: Long positions above 56.37 with target @ 57.13.
Market Scenario 2: Short positions below 55.76 with target @ 55.00.
Comment: Crude oil prices extend losses as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil.
Supports and Resistances:
R3 59.11
R2 58.50
R1 57.74
PP 57.13
S1 56.37
S2 55.76
S3 55.00
Market Scenario 1: Long positions above 51.541 with target @ 52.713.
Market Scenario 2: Short positions below 50.948 with target @ 49.776.
Comment: The pair rises and tries to reach 51.500 level.
Supports and Resistances:
R3 54.478
R2 53.306
R1 52.713
PP 51.541
S1 50.948
S2 49.776
S3 49.182
