*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7775 with target @ 0.7878.
Market Scenario 2: Short positions below 0.7775 with target @ 0.7744.
Comment: The pair advanced above 0.7800 level after RBA’s Status-Quo.
Supports and Resistances:
R3 0.7878
R2 0.7827
R1 0.7796
PP 0.7775
S1 0.7744
S2 0.7724
S3 0.7672
Market Scenario 1: Long positions above 134.20 with target @ 134.73.
Market Scenario 2: Short positions below 134.20 with target @ 133.27.
Comment: The pair advanced higher after the German Retail Sales release.
Supports and Resistances:
R3 136.04
R2 135.12
R1 134.73
PP 134.20
S1 133.80
S2 133.27
S3 132.35
Market Scenario 1: Long positions above 1.1193 with target @ 1.1274.
Market Scenario 2: Short positions below 1.1193 with target @ 1.1147.
Comment: The pair surpassed 1.1200 level after the German Retail Sales release.
Supports and Resistances:
R3 1.1354
R2 1.1274
R1 1.1228
PP 1.1193
S1 1.1147
S2 1.1113
S3 1.1032
Market Scenario 1: Long positions above 184.53 with target @ 184.92.
Market Scenario 2: Short positions below 184.53 with target @ 183.78.
Comment: The pair continues to show weakness as it trades near 184.00 level.
Supports and Resistances:
R3 186.05
R2 185.29
R1 184.92
PP 184.53
S1 184.16
S2 183.78
S3 183.02
Market Scenario 1: Long positions above 1.5381 with target @ 1.5411.
Market Scenario 2: Short positions below 1.5381 with target @ 1.5334.
Comment: The pair is trading below 1.5400 level and awaits for Construction PMI to be released.
Supports and Resistances:
R3 1.5535
R2 1.5458
R1 1.5411
PP 1.5381
S1 1.5334
S2 1.5304
S3 1.5226
Market Scenario 1: Long positions above 119.97 with target @ 120.32.
Market Scenario 2: Short positions below 119.97 with target @ 119.41.
Comment: The pair is heading for 120.00 level.
Supports and Resistances:
R3 121.09
R2 120.53
R1 120.32
PP 119.97
S1 119.76
S2 119.41
S3 118.85
GOLD
Market Scenario 1: Long positions above 1211.00 with target @ 1217.90.
Market Scenario 2: Short positions below 1211.00 with target @ 1192.20.
Comment: Gold prices recover as dollar slips.
Supports and Resistances:
R3 1236.70
R2 1229.80
R1 1217.90
PP 1211.30
S1 1199.10
S2 1192.20
S3 1180.30
CRUDE OIL
Market Scenario 1: Long positions above 49.85 with target @ 50.98.
Market Scenario 2: Short positions below 49.85 with target @ 48.65.
Comment: Crude oil prices still trade steady around 50.00 level.
Supports and Resistances:
R3 53.31
R2 52.18
R1 50.98
PP 49.85
S1 48.65
S2 47.52
S3 46.32
Market Scenario 1: Long positions above 62.514 with target @ 63.983.
Market Scenario 2: Short positions below 62.514 with target @ 59.693.
Comment: The ruble is stabilizing as geopolitical tensions ease.
Supports and Resistances:
R3 66.804
R2 65.335
R1 63.983
PP 62.514
S1 61.162
S2 59.693
S3 58.340
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