Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

AUD/USD Advancing To 0.79000; EUR/JPY Climbing To Test 135.20

Published 02/25/2015, 06:49 AM
Updated 07/09/2023, 06:31 AM

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

AUD/USD

Chart 1

Market Scenario 1: Long positions above 0.7801 with target @ 0.7961.

Market Scenario 2: Short positions below 0.7801 with target @ 0.7767.

Comment: The pair is advancing at 0.7900 level.

Supports and Resistances:

R3 0.7961

R2 0.7898

R1 0.7864

PP 0.7801

S1 0.7767

S2 0.7704

S3 0.7670

EUR/JPY

Chart 2

Market Scenario 1: Long positions above 135.02 with target @ 135.52.

Market Scenario 2: Short positions below 135.02 with target @ 134.41.

Comment: The pair climbs up and tests the 135.20 level.

Supports and Resistances:

R3 136.63

R2 136.13

R1 135.20

PP 135.02

S1 134.41

S2 133.91

S3 133.30

EUR/USD

Chart 3

Market Scenario 1: Long positions above 1.1328 with target @ 1.1397.

Market Scenario 2: Short positions below 1.1328 with target @ 1.1299.

Comment: The pair dropped at 1.1360 level.

Supports and Resistances:

R3 1.1437

R2 1.1397

R1 1.1368

PP 1.1328

S1 1.1299

S2 1.1259

S3 1.1230

GBP/JPY

Chart 4

Market Scenario 1: Long positions above 184.06 with target @ 184.60.

Market Scenario 2: Short positions below 184.06 with target @ 183.32.

Comment: The pair gains capped by falling US Treasury yields.

Supports and Resistances:

R3 185.88

R2 185.34

R1 184.60

PP 184.06

S1 183.32

S2 182.78

S3 182.04

GBP/USD

Chart 5

Market Scenario 1: Long positions above 1.5443 with target @ 1.5556.

Market Scenario 2: Short positions below 1.5443 with targets @ 1.5412.

Comment: The pair advanced above 1.5500 level and awaits speeches from Bank of England (BOE) policymakers later in the session.

Supports and Resistances:

R3 1.5556

R2 1.5515

R1 1.5484

PP 1.5443

S1 1.5412

S2 1.5371

S3 1.5340

USD/JPY

Chart 6


Market Scenario 1: Long positions above 119.18 with target @ 119.62.

Market Scenario 2: Short positions below 119.18 with targets @ 118.10.

Comment: The pair remains unchanged.

Supports and Resistances:

R3 120.70

R2 120.26

R1 119.62

PP 119.18

S1 118.54

S2 118.10

S3 117.46

GOLD

Chart 7

Market Scenario 1: Long positions above 1197.23 with target @ 1211.63.

Market Scenario 2: Short positions below 1197.23 with target @ 1190.06.

Comment: Gold prices might fall more as per Varengold Bank Research Team.

Supports and Resistances:

R3 1218.86

R2 1211.63

R1 1204.46

PP 1197.23

S1 1190.06

S2 1182.83

S3 1175.66

CRUDE OIL

Chart 8


Market Scenario 1: Long positions above 49.43 with target @ 50.18.

Market Scenario 2: Short positions below 49.43 with target @ 48.53.

Comment: Crude oil swings between gains and losses as the traders await for US Crude inventory report to be released later today.

Supports and Resistances:

R3 51.83

R2 51.08

R1 50.18

PP 49.43

S1 48.53

S2 47.78

S3 46.88

USD/RUB

Chart 9


Market Scenario 1: Long positions above 63.261 with target @ 64.107.

Market Scenario 2: Short positions below 63.261 with targets @ 60.599.

Comment: Ruble sentiment is being increasingly driven by oil rather than Ukraine amid the diminishing threat of fresh sanctions against Russian President Vladimir Putin.

Supports and Resistances:

R3 65.861

R2 65.015

R1 64.107

PP 63.261

S1 62.353

S2 61.507

S3 60.599

Forexcorporate Marketing Research Department

1. Information on this page / e-mail / letter is not a recommendation to buy or sell and of course, can not guarantee a profit, it should be considered only as information that may assist you in making good decisions in your trading. Information and graphics presented above have been obtained from reliable sources, but their accuracy can not be fully guaranteed. Forexcorporate, its representatives, employees, and other authors will not be liable for any loss resulted from the use of this information.

2. The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or OTC markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.