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EUR/USD To Test Lows, Oil Rebounds In Asia

Published 05/20/2015, 06:52 AM
Updated 07/09/2023, 06:31 AM

AUD/USD

Market Scenario 1: Long positions above 0.7943 with target at 0.7980.

Market Scenario 2: Short positions below 0.7875 with target at 0.7838.

Comment: The pair is likely to break below 0.7865 level and extend its decline in coming weeks according to analysts.

Supports and Resistances:

R3 0.8085

R2 0.8048

R1 0.7980

PP 0.7943

S1 0.7875

S2 0.7838

S3 0.7770

AUD/USD Chart

EUR/JPY

Market Scenario 1: Long positions above 134.77 with target at 135.60.

Market Scenario 2: Short positions below 133.71 with target at 132.88.

Comment: The pair found resistance and couldn’t break pivot point 134.77.

Supports and Resistances:

R3 137.49

R2 136.66

R1 135.60

PP 134.77

S1 133.71

S2 132.88

S3 131.82

EUR/JPY Chart

EUR/USD

Market Scenario 1: Long positions above 1.1198 with target at 1.1277.

Market Scenario 2: Short positions below 1.1069 with target at 1.0990.

Comment: The pair is about to test session lows below 1.1100 level with the effects of yesterday’s comments by ECB’s Coeure and Noyer hovering over market participants today.

Supports and Resistances:

R3 1.1485

R2 1.1406

R1 1.1277

PP 1.1198

S1 1.1069

S2 1.0990

S3 1.0861

EUR/USD Chart

GBP/JPY

Market Scenario 1: Long positions above 188.09 with target at 189.03.

Market Scenario 2: Short positions below 187.01 with target at 186.07.

Comment: The pair trades neutral near 187.40 level.

Supports and Resistances:

R3 190.11

R2 189.03

R1 188.09

PP 187.01

S1 186.07

S2 184.99

S3 184.05

GBP/JPY Chart

GBP/USD

Market Scenario 1: Long positions above 1.5540 with target at 1.5635.

Market Scenario 2: Short positions below 1.5411 with target at 1.5316.

Comment: The pair managed to break 1.5500 level and currently trades near 1.5485 level.

Supports and Resistances:

R3 1.5859

R2 1.5764

R1 1.5635

PP 1.5540

S1 1.5411

S2 1.5316

S3 1.5187

GBP/USD Chart

USD/JPY

Market Scenario 1: Long positions above 121.00 with target at 121.32.

Market Scenario 2: Short positions below 120.41 with target at 120.09.

Comment: The pair advanced and is trying to break resistance level 121.00.

Supports and Resistances:

R3 121.91

R2 121.32

R1 121.00

PP 120.41

S1 120.09

S2 119.50

S3 119.18

USD/JPY Chart

GOLD

Market Scenario 1: Long positions above 1212.70 with target at 1220.30.

Market Scenario 2: Short positions below 1199.90 with target at 1192.30.

Comment: Gold prices hit a session low of 1203.00 as the dollar was bid higher against the basket of currencies in the early European session.

Supports and Resistances:

R3 1240.70

R2 1233.10

R1 1220.30

PP 1212.70

S1 1199.90

S2 1192.30

S3 1179.50

Gold Chart

CRUDE OIL

Market Scenario 1: Long positions above 58.87 with target at 59.82.

Market Scenario 2: Short positions below 57.33 with target at 56.38.

Comment: Crude oil prices rebound in Asia amid tensions in Yemen, supply data.

Supports and Resistances:

R3 62.31

R2 61.36

R1 59.82

PP 58.87

S1 57.33

S2 56.38

S3 54.84

Crude Oil Chart

USD/RUB

Market Scenario 1: Long positions above 49.046 with target at 49.362.

Market Scenario 2: Short positions below 48.423 with target at 48.107.

Comment: The pair advances and now is about to face resistance level 49.046.

Supports and Resistances:

R3 50.301

R2 49.362

R1 49.046

PP 48.423

S1 48.107

S2 47.484

S3 46.545

USD/RUB Chart

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