Wednesday's Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY

By Panayiotis MiltiadousCurrenciesMar 18, 2015 07:48AM ET

www.investing.com/analysis/technical-analysis-on-march-18th-245429

Wednesday's Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY

By Panayiotis Miltiadous | Mar 18, 2015 07:48AM ET

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EUR/USD

+0.01%

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GBP/USD

-0.06%

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USD/JPY

-0.05%

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AUD/USD

-0.02%

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EUR/JPY

+0.00%

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GBP/JPY

+0.00%

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USD/RUB

-1.04%

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Gold

-0.43%

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+1.02%

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*All the charts are 30M charts with daily pivot points.

AUD/USD

AUD/USD 30-Minute Chart

Market Scenario 1: Long positions above 0.7628 with target @ 0.7672.

Market Scenario 2: Short positions below 0.7628 with target @ 0.7569.

Comment: The pair erased previous gains and fell near to 0.7600 level ahead of Europe open.

Supports and Resistances:

R3 0.7711

R2 0.7687

R1 0.7672

PP 0.7628

S1 0.7593

S2 0.7569

S3 0.7534

EUR/JPY

EUR/JPY 30-Minute Chart

Market Scenario 1: Long positions above 128.61 with target @ 129.15.

Market Scenario 2: Short positions below 128.61 with target @ 128.07.

Comment: The pair continues to gain some momentum ahead of the Fed meeting today.

Supports and Resistances:

R3 130.23

R2 129.69

R1 129.15

PP 128.61

S1 128.07

S2 127.53

S3 126.99

EUR/USD

EUR/USD 30-Minute Chart

Market Scenario 1: Long positions above 1.0599 with target @ 1.0647.

Market Scenario 2: Short positions below 1.0599 with target @ 1.0548.

Comment: The pair rose above 1.0600 level but now fell below it again.

Supports and Resistances:

R3 1.0746

R2 1.0698

R1 1.0647

PP 1.0599

S1 1.0548

S2 1.0500

S3 1.0449

GBP/JPY

GBP/JPY 30-Minute Chart

Market Scenario 1: Long positions above 179.22 with target @ 179.91.

Market Scenario 2: Short positions below 179.22 with target @ 177.62.

Comment: The pair trades below 179.00 level.

Supports and Resistances:

R3 181.51

R2 180.82

R1 179.91

PP 179.22

S1 178.31

S2 177.62

S3 176.71

GBP/USD

GBP/USD 30-Minute Chart

Market Scenario 1: Long positions above 1.4772 with target @ 1.4820.

Market Scenario 2: Short positions below 1.4772 with target @ 1.4699.

Comment: The pair fails to gain a foothold above 2013 low.

Supports and Resistances:

R3 1.4941

R2 1.4893

R1 1.4820

PP 1.4772

S1 1.4699

S2 1.4651

S3 1.4578

USD/JPY

USD/JPY 30-Minute Chart

Market Scenario 1: Long positions above 121.33 with target @ 121.54.

Market Scenario 2: Short positions below 121.33 with target @ 120.93.

Comment: The pair stays dead flat ahead of the Fed.

Supports and Resistances:

R3 121.94

R2 121.73

R1 121.54

PP 121.33

S1 121.14

S2 120.93

S3 120.74

GOLD

Gold 30-Minute Chart

Market Scenario 1: Long positions above 1149.70 with target @ 1157.70.

Market Scenario 2: Short positions below 1149.70 with target @ 1140.00.

Comment: Gold prices slip to near four-month low as Fed seen readying rate hike path.

Supports and Resistances:

R3 1175.40

R2 1167.40

R1 1157.70

PP 1149.70

S1 1140.00

S2 1132.00

S3 1122.30

CRUDE OIL

Crude Oil 30-Minute Chart

Market Scenario 1: Long positions above 43.01 with target @ 43.62.

Market Scenario 2: Short positions below 43.01 with target @ 41.22.

Comment: Crude oil nearing its final target of 32.54 level.

Supports and Resistances:

R3 45.41

R2 44.80

R1 43.62

PP 43.01

S1 41.83

S2 41.22

S3 40.04

USD/RUB

USD/RUB 30-Minute Chart

Market Scenario 1: Long positions above 60.618 with target @ 60.970

Market Scenario 2: Short positions below 60.618 with target @ 59.579.

Comment: The pair trades ranged given the limited RUB transactions overseas.

Supports and Resistances:

R3 62.696

R2 61.657

R1 60.970

PP 60.618

S1 59.931

S2 59.579

S3 58.540

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,768.5	+189.7	+0.45%
US 500	5,764.8	+26.3	+0.46%
Dow Jones	42,801.72	+222.64	+0.52%
S&P 500	5,770.20	+31.68	+0.55%
Nasdaq	18,196.22	+126.97	+0.70%
S&P 500 VIX	23.37	-1.50	-6.03%
Dollar Index	103.810	-0.220	-0.21%

Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.399	+0.097	+2.32%
Gold	2,914.10	-12.50	-0.43%
Silver	32.809	-0.529	-1.59%
Copper	4.7100	-0.0975	-2.08%
US Soybeans	1,025.00	-2.25	-0.22%

U.S. 10Y	4.304	+0.025	+0.70%
U.S. 30Y	4.601	+0.022	+0.44%
U.S. 5Y	4.083	+0.025	+0.74%
U.S. 3M	4.303	+0.002	+0.00%
US 10Y T-Note	110.55	-0.23	-0.21%
Euro Bund	127.66	-0.81	-0.63%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	239.07	+3.74	+1.59%
NVIDIA	112.69	+2.12	+1.92%
Alphabet A	173.86	+1.51	+0.88%
Tesla	262.67	-0.78	-0.30%
Amazon.com	199.25	-1.45	-0.72%
Netflix	891.11	-15.25	-1.68%
Meta Platforms	625.66	-2.27	-0.36%

Wednesday's Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY

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