Market Scenario 1: Long positions above 0.7206 with targets at 0.7285 and 0.7324
Market Scenario 2: Short positions below 0.7206 with targets at 0.7167 and 0.7088
Comment: After heavy sell-off, Aussie found some support at $0.7206. Bulls might be back to the game as the price dropped more than 100 pips, giving a good opportunity to enter to the market again. AUD/USD is trading close to 17-18th of September highs.
Supports and Resistances:
R3 0.7442
R2 0.7403
R1 0.7324
PP 0.7285
S1 0.7206
S2 0.7167
S3 0.7088
Market Scenario 1: Long positions above 136.27with targets at 136.53 and 136.86
Market Scenario 2: Short positions below 136.27 with targets at 135.94 and 135.68
Comment: EUR/JPY managed to close above the Pivot Point level on yesterday’s session. This is looks like a sign that bulls are regaining the control. In an early European session, the pair succeeded to break through 1st resistance level and heading towards R2 and R3
R3 137.12
R2 136.86
R1 136.53
PP 136.27
S1 135.94
S2 135.68
S3 135.35
EUR/USD
Market Scenario 1: Long positions above 1.1411 with targets at 1.1444 and 1.1478
Market Scenario 2: Short positions below 1.1411 with targets at 1.1377and 1.1344
Comment: EUR/USD is about to test its recent highs reached on 17th and 18th of September. R1 and R2 should be both strong resistance levels. Breaking through this high may open the way to 24th of August high at 1.1739
Supports and Resistances:
R3 1.1478
R2 1.1444
R1 1.1411
PP 1.1377
S1 1.1344
S2 1.1310
S3 1.1277
Market Scenario 1: Long positions above 182.89 with targets at 183.97 and 185.41
Market Scenario 2: Short positions below 182.89 with targets at 181.45 and 180.37
Comment: After heavy sell-off, GBP/USD is struggling to take back Pivot Point level, which is acting now as a resistance level.
Supports and Resistances:
R3 186.49
R2 185.41
R1 183.97
PP 182.89
S1 181.45
S2 180.37
S3 178.93
GBP/USD
Market Scenario 1: Long positions above 1.5242 with targets at 1.5274 and 1.5309
Market Scenario 2: Short positions below 1.5274 with targets at 1.5242 and 1.52
Comment: Bulls are regaining the control and have just taken the Pivot Point level, which is acting as a support Level. The next targets will be R1 and R2
Supports and Resistances:
R3 1.5544
R2 1.5465
R1 1.5356
PP 1.5277
S1 1.5168
S2 1.5089
S3 1.4980
Market Scenario 1: Long positions above 119.26 with targets at 119.48 and 120.00
Market Scenario 2: Short positions below 120.30 with targets at 119.78 and 119.26
Comment: USD/JPY found support at 119.48 and moving towards Pivot Point level. However, the pair continues trading in a Range between S2 and R3. Range – Bound strategy can be applied.
Supports and Resistances:
R3 120.52
R2 120.30
R1 120.00
PP 119.78
S1 119.48
S2 119.26
S3 118.96
Market Scenario 1: Long positions above 1174.20 with targets at 1179.95 and 1197.01
Market Scenario 2: Short positions below 1162.89 with targets at 1157.14 and 1145.83
Comment: Gold managed to break through 24th of August highs and continues appreciating against US dollar. The next target will be at R2, but the important one is at 1197.01
Supports and Resistances:
R3 1197.01
R2 1179.95
R1 1174.20
PP 1162.89
S1 1157.14
S2 1145.83
S3 1128.77
Market Scenario 1: Long positions above 47.17 with targets at 47.91 and 49.15
Market Scenario 2: Short positions below 47.17 with targets at 45.93 and 45.19
Comment: Crude continues depreciating against US dollar amid disappointing news of increased output from OPEC countries. However, according to market analysts, crude is trading close to the bottom line. Currently crude found support at mid- first support level.
Supports and Resistances:
R3 51.13
R2 49.15
R1 47.91
PP 47.17
S1 45.93
S2 45.19
S3 43.21
Market Scenario 1: Long positions above 60.72 with targets at 61.75 and 62.56
Market Scenario 2: Short positions below 60.72 with targets at 59.90 and 58.87
Comment: Ruble continues depreciating against US dollar amid dropping prices on crude oil. Currently it’s trading above Pivot Point level.
Supports and Resistances:
R3 66.53
R2 63.85
R1 62.84
PP 61.17
S1 60.16
S2 58.49
S3 55.81
