Market Scenario 1: Long positions above 0.7203 with targets at 0.7244 and 0.7313.
Market Scenario 2: Short positions below 0.7134 with targets at 0.7093 and 0.7024.
Comment: The pair is steadily moving upwards, nearing to the first resistance level. Successful break through this level will open the way to R2. AUD/USD may encounter with a strong resistance at 0.7244, as this level proved itself a number of times in the past.
Supports and Resistances:
R3 0.7313
R2 0.7244
R1 0.7203
PP 0.7134
S1 0.7093
S2 0.7024
S3 0.6983
Market Scenario 1: Long positions above 134.73 with targets at 135.16 and 135.93
Market Scenario 2: Short positions below 134.73 with targets at 133.96 and 133.53
Comment: The pair break through Pivot Point and move towards first support line. However, it will be difficult to determine the direction of the market before the press conference, which will be held by Japanese Prime Minister Abe Shinzo today at 11:30 GMT+2
Supports and Resistances:
R3 137.13
R2 136.36
R1 135.93
PP 135.16
S1 134.73
S2 133.96
S3 133.53
Market Scenario 1: Long positions above 1.1240 with targets at 1.1308 and 1.1375.
Market Scenario 2: Short positions below 1.1240 with targets at 1.1201 and 1.1133
Comment: Having broken Pivot Point level, the pair tests it now as a support. If the level will hold the pressure, further appreciation of European currency may be seen.
Supports and Resistances:
R3 1.1415
R2 1.1347
R1 1.1308
PP 1.1240
S1 1.1201
S2 1.1133
S3 1.1094
Market Scenario 1: Long positions above 183.55 with targets at 184.05 and 184.85
Market Scenario 2: Short positions below 183.55 with targets at 182.75 and 182.25
Comment: Successful test of Pivot Point, which is acting now as a support level, gave stimulus for further appreciation of the sterling against the yen.
Supports and Resistances:
R3 184.85
R2 184.05
R1 183.55
PP 182.75
S1 182.25
S2 181.45
S3 180.95
Market Scenario 1: Long positions above 1.5265 with targets at 1.5305 and 1.5368
Market Scenario 2: Short positions below 1.5265 with targets at 1.5202 and 1.5162
Comment: After prolonged decline, GBP started to gain strength. GBP/USD broke through Pivot Point and first resistance level heading towards R2 and R3.
Supports and Resistances:
R3 1.5368
R2 1.5305
R1 1.5265
PP 1.5202
S1 1.5162
S2 1.5099
S3 1.5059
Market Scenario 1: Long positions above 120.03 with targets at 120.28 and 120.71
Market Scenario 2: Short positions below 120.71 with targets at 120.28 and 120.03
Comment: The pair is continue trading in a range. Range –Bound Strategy can be applied.
Supports and Resistances:
R3 121.39
R2 120.96
R1 120.71
PP 120.28
S1 120.03
S2 119.60
S3 119.35
Market Scenario 1: Long positions above 1153.61 with targets at 1160.47 and 1176.75
Market Scenario 2: Short positions below 1153.61 with targets at 1123.73 and 1137.33.
Comment: Gold continues strengthening against US dollar. However, R1 and R2 are both strong resistance levels.
Supports and Resistances:
R3 1176.75
R2 1160.47
R1 1153.61
PP 1144.19
S1 1137.33
S2 1127.91
S3 1111.63
Market Scenario 1: Long positions above 47.92 with targets at 50.11 and 51.25
Market Scenario 2: Short positions below 47.92 with targets at 46.78 and 44.59
Comment: Crude oil prices went sky high amid American Petroleum Institute weekly report showing that supply dropped by 1.2 million barrels
Supports and Resistances:
R3 54.58
R2 51.25
R1 50.11
PP 47.92
S1 46.78
S2 44.59
S3 41.26
Market Scenario 1: Long positions above 62.54 with targets at 63.64 and 65.36.
Market Scenario 2: Short positions below 62.54 with targets at 60.82 and 59.72.
Comment: Rubble got some strength amid rising prices on crude oil. The pair broke through Pivot Point level and is heading toward S1 and S2
Supports and Resistances:
R3 68.17
R2 65.36
R1 63.64
PP 62.54
S1 60.82
S2 59.72
S3 56.90
