*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7705 with target @ 0.7775.
Market Scenario 2: Short positions below 0.7640 with target @ 0.7570.
Comment: The pair attempts to reach 0.7700 level.
Supports and Resistances:
R3 0.7840
R2 0.7775
R1 0.7705
PP 0.7640
S1 0.7570
S2 0.7505
S3 0.7435
Market Scenario 1: Long positions above 130.37 with target @ 130.73.
Market Scenario 2: Short positions below 129.70 with target @ 129.34.
Comment: The pair trades steady near 130.00 level.
Supports and Resistances:
R3 131.76
R2 131.40
R1 130.73
PP 130.37
S1 129.70
S2 129.34
S3 128.67
Market Scenario 1: Long positions above 1.0911 with target @ 1.1009.
Market Scenario 2: Short positions below 1.0857 with target @ 1.0759.
Comment: The pair might breach the rising trend line support at 1.0822 to test 1.0748 levels according to analysts.
Supports and Resistances:
R3 1.1063
R2 1.1009
R1 1.0911
PP 1.0857
S1 1.0759
S2 1.0705
S3 1.0607
Market Scenario 1: Long positions above 178.32 with target @ 178.94.
Market Scenario 2: Short positions below 177.48 with target @ 176.86.
Comment: The pair trades near pivot point at 178.32 level.
Supports and Resistances:
R3 180.40
R2 179.78
R1 178.94
PP 178.32
S1 177.48
S2 176.86
S3 176.02
Market Scenario 1: Long positions above 1.4883 with target @ 1.4961.
Market Scenario 2: Short positions below 1.4883 with target @ 1.4843.
Comment: The pair is advancing above 1.4880 level.
Supports and Resistances:
R3 1.5001
R2 1.4961
R1 1.4883
PP 1.4843
S1 1.4765
S2 1.4725
S3 1.4647
Market Scenario 1: Long positions above 120.05 with target @ 120.66.
Market Scenario 2: Short positions below 119.65 with target @ 119.04.
Comment: The pair is trading below 120.00 level following the press conference by Governor Kuroda after the steady stance from the Bank of Japan in today’s meeting.
Supports and Resistances:
R3 121.67
R2 121.06
R1 120.66
PP 120.05
S1 119.65
S2 119.04
S3 118.64
Market Scenario 1: Long positions above 1213.60 with target @ 1218.90.
Market Scenario 2: Short positions below 1210.50 with target @ 1205.20.
Comment: Gold prices trade above 1200.00 level and await for FOMC minutes.
Supports and Resistances:
R3 1222.00
R2 1218.90
R1 1213.60
PP 1210.50
S1 1205.20
S2 1202.10
S3 1196.80
Market Scenario 1: Long positions above 52.85 with target @ 54.53.
Market Scenario 2: Short positions below 51.57 with target @ 49.89.
Comment: Crude oil prices trade below pivot point at 52.85 level.
Supports and Resistances:
R3 57.49
R2 55.81
R1 54.53
PP 52.85
S1 51.57
S2 49.89
S3 48.61
Market Scenario 1: Long positions above 52.885 with target @ 53.448.
Market Scenario 2: Short positions below 51.639 with target @ 50.393.
Comment: The pair has a bearish tone and trades below 52.900 level.
Supports and Resistances:
R3 56.623
R2 55.377
R1 54.694
PP 54.131
S1 53.448
S2 52.885
S3 51.639
S4 50.393