*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7858 with target @ 0.7889.
Market Scenario 2: Short positions below 0.7858 with target @ 0.7783.
Comment: The pair found a bottom at 0.7800 and now it’s advancing again.
Supports and Resistances:
R3 0.7964
R2 0.7933
R1 0.7889
PP 0.7858
S1 0.7814
S2 0.7783
S3 0.7739
Market Scenario 1: Long positions above 131.02 with target @ 131.46.
Market Scenario 2: Short positions below 131.02 with target @ 130.19.
Comment: The pair trades at 130.63 for now and bulls are poised to push the pair higher towards the 133.00 level.
Supports and Resistances:
R3 132.29
R2 131.85
R1 131.46
PP 131.02
S1 130.63
S2 130.19
S3 129.80
Market Scenario 1: Long positions above 1.0961 with target @ 1.1075.
Market Scenario 2: Short positions below 1.0961 with target @ 1.0909.
Comment: The pair surpassed 1.1000 level after ECB raised the ELA limit for Greek Banks.
Supports and Resistances:
R3 1.1137
R2 1.1075
R1 1.1023
PP 1.0961
S1 1.0909
S2 1.0847
S3 1.0795
Market Scenario 1: Long positions above 177.90 with target @ 178.26.
Market Scenario 2: Short positions below 177.90 with target @ 176.58.
Comment: The pair trades near the second support level 177.06.
Supports and Resistances:
R3 179.10
R2 178.74
R1 178.26
PP 177.90
S1 177.42
S2 177.06
S3 176.58
Market Scenario 1: Long positions above 1.4888 with target @ 1.5012.
Market Scenario 2: Short positions below 1.4888 with target @ 1.4821.
Comment: The pair might reach 1.5075 level if it surpasses 1.4984/90 level according to analysts.
Supports and Resistances:
R3 1.5069
R2 1.5012
R1 1.4945
PP 1.4888
S1 1.4821
S2 1.4764
S3 1.4697
Market Scenario 1: Long positions above 119.49 with target @ 119.78.
Market Scenario 2: Short positions below 119.49 with target @ 117.66.
Comment: The pair is dragged nearly 1% lower to fresh five week lows, on increased safe-haven demand for the Japanese currency amid ongoing geopolitical crisis between Yemen and Saudi Arabia.
Supports and Resistances:
R3 120.71
R2 120.10
R1 119.78
PP 119.49
S1 118.88
S2 118.27
S3 117.66
Market Scenario 1: Long positions above 1193.55 with target @ 1232.88.
Market Scenario 2: Short positions below 1193.55 with target @ 1187.54.
Comment: Gold prices backed-off slightly from the session high to trade below 1215.00 level.
Supports and Resistances:
R3 1232.88
R2 1219.77
R1 1206.66
PP 1193.55
S1 1187.54
S2 1180.44
S3 1167.33
Market Scenario 1: Long positions above 48.40 with target @ 53.28.
Market Scenario 2: Short positions below 48.40 with target @ 47.37.
Comment: Crude oil prices jumped after Saudi air strikes in Yemen.
Supports and Resistances:
R3 55.72
R2 53.28
R1 50.84
PP 48.40
S1 47.37
S2 45.96
S3 43.52
Market Scenario 1: Long positions above 56.360 with target @ 57.097.
Market Scenario 2: Short positions below 56.360 with target @ 53.588.
Comment: The ruble is gaining further ground following the Russia-Ukraine deal, which ensures natural gas supply for Ukraine during March, and directly avoids at the same time potential disruption in the gas supply for the EU.
Supports and Resistances:
R3 59.132
R2 57.746
R1 57.097
PP 56.360
S1 55.711
S2 54.974
S3 53.588