Market Scenario 1: Long positions above 0.7821 with target at 0.7857.
Market Scenario 2: Short positions below 0.7803 with target at 0.7767.
Comment: The pair risks unwinding of short positions, but a rebound in US data ahead might fuel further weakness in the pair.
Supports and Resistances:
R3 0.7875
R2 0.7857
R1 0.7839
PP 0.7821
S1 0.7803
S2 0.7785
S3 0.7767
Market Scenario 1: Long positions above 133.74 with target at 134.32.
Market Scenario 2: Short positions below 133.49 with target at 132.91.
Comment: The pair jumped and found resistance at 133.74.
Supports and Resistances:
R3 134.32
R2 134.07
R1 133.74
PP 133.49
S1 133.16
S2 132.91
S3 132.58
Market Scenario 1: Long positions above 1.0930 with target at 1.0982.
Market Scenario 2: Short positions below 1.0878 with target at 1.0826.
Comment: The pair is expected to drop below 1.0900 and might reach 1.0846, according to analysts.
Supports and Resistances:
R3 1.1086
R2 1.1034
R1 1.1006
PP 1.0982
S1 1.0954
S2 1.0930
S3 1.0878
S4 1.0826
Market Scenario 1: Long positions above 188.93 with target at 189.74.
Market Scenario 2: Short positions below 188.50 with target at 188.12.
Comment: The pair advanced and now faces resistance level 188.93.
Supports and Resistances:
R4 190.55
R3 189.74
R2 188.93
R1 188.50
PP 188.12
S1 187.69
S2 187.31
S3 186.51
Market Scenario 1: Long positions above 1.5425 with target at 1.5479.
Market Scenario 2: Short positions below 1.5372 with target at 1.5318.
Comment: The pair’s weakness is probably leading it to break below 1.5400 level.
Supports and Resistances:
R3 1.5586
R2 1.5532
R1 1.5503
PP 1.5479
S1 1.5449
S2 1.5425
S3 1.5372
S4 1.5318
Market Scenario 1: Long positions above 122.29 with target at 122.64.
Market Scenario 2: Short positions below 122.29 with target at 121.93.
Comment: The pair rose higher near to 122.60 as fresh bids entered once the pair breached the March 2015 high of 122.00.
Supports and Resistances:
R4 122.64
R3 122.29
R2 121.93
R1 121.74
PP 121.58
S1 121.39
S2 121.22
S3 120.87
Market Scenario 1: Long positions above 1199.69 with target at 1203.24.
Market Scenario 2: Short positions below 1193.20 with target at 1186.71.
Comment: Gold prices go back under 1200.00 level as dollar strength weighs.
Supports and Resistances:
R3 1219.16
R2 1212.67
R1 1209.73
PP 1206.18
S1 1203.24
S2 1199.69
S3 1193.20
S4 1186.71
Market Scenario 1: Long positions above 59.72 with target at 60.35.
Market Scenario 2: Short positions below 59.20 with target at 58.57.
Comment: Crude oil markets were supported by a reported decline in U.S. production and crude oil inventories last week, but prices failed to re-test the highs set earlier in the month, analysts said.
Supports and Resistances:
R3 61.50
R2 60.87
R1 60.35
PP 59.72
S1 59.20
S2 58.57
S3 58.05
Market Scenario 1: Long positions above 49.563 with target at 50.049.
Market Scenario 2: Short positions below 48.934 with target at 48.449.
Comment: The pair advanced and trades above 49.200 level.
Supports and Resistances:
R3 51.164
R2 50.049
R1 49.563
PP 48.934
S1 48.449
S2 47.820
S3 46.705
