*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7752 with target @ 0.7797.
Market Scenario 2: Short positions below 0.7678 with target @ 0.7633.
Comment: The pair weakened and now trades steady below 0.7700 level.
Supports and Resistances:
R3 0.7916
R2 0.7871
R1 0.7797
PP 0.7752
S1 0.7678
S2 0.7633
S3 0.7559
Market Scenario 1: Long positions above 128.12 with target @ 128.64.
Market Scenario 2: Short positions below 127.47 with target @ 126.95.
Comment: The pair has a bearish tone and seems that it tries to approach support level 127.47 but a failure swing might be possible since RSI is lower than 30.
Supports and Resistances:
R3 129.81
R2 129.29
R1 128.64
PP 128.12
S1 127.47
S2 126.95
S3 126.30
Market Scenario 1: Long positions above 1.0692 with target @ 1.0756.
Market Scenario 2: Short positions below 1.0649 with target @ 1.0585.
Comment: The pair continues to weaken and drop to lows below 1.0680 level.
Supports and Resistances:
R3 1.0906
R2 1.0863
R1 1.0799
PP 1.0756
S1 1.0692
S2 1.0649
S3 1.0585
Market Scenario 1: Long positions above 177.69 with target @ 178.20.
Market Scenario 2: Short positions below 177.19 with target @ 176.68.
Comment: The pair trades steady in 177.50/80 area.
Supports and Resistances:
R3 179.21
R2 178.70
R1 178.20
PP 177.69
S1 177.19
S2 176.68
S3 176.18
Market Scenario 1: Long positions above 1.4899 with target @ 1.4976.
Market Scenario 2: Short positions below 1.4838 with target @ 1.4761.
Comment: The pair weakened in the Asian session and continues to fall near 1.4860 level.
Supports and Resistances:
R3 1.5175
R2 1.5114
R1 1.5037
PP 1.4976
S1 1.4899
S2 1.4838
S3 1.4761
Market Scenario 1: Long positions above 119.52 with target @ 119.93.
Market Scenario 2: Short positions below 119.52 with target @ 119.02.
Comment: The pair is advancing and testing the resistance level 119.52.
Supports and Resistances:
R3 120.83
R2 119.93
R1 119.52
PP 119.02
S1 118.62
S2 118.12
S3 117.21
GOLD
Market Scenario 1: Long positions above 1197.83 with target @ 1204.86.
Market Scenario 2: Short positions below 1186.66 with target @ 1179.63.
Comment: Gold prices try to break resistance level 1197.83.
Supports and Resistances:
R3 1223.06
R2 1216.03
R1 1204.86
PP 1197.83
S1 1186.66
S2 1179.63
S3 1168.46
CRUDE OIL
Market Scenario 1: Long positions above 56.67 with target @ 57.65.
Market Scenario 2: Short positions below 55.47 with target @ 54.49.
Comment: Crude oil prices fall below 55.90 level.
Supports and Resistances:
R3 61.02
R2 59.83
R1 58.84
PP 57.65
S1 56.67
S2 55.47
S3 54.49
Market Scenario 1: Long positions above 52.771 with target @ 54.411.
Market Scenario 2: Short positions below 52.771 with target @ 51.696.
Comment: The pair broke resistance level 52.771 and continues to advance.
Supports and Resistances:
R3 57.126
R2 55.486
R1 54.411
PP 52.771
S1 51.696
S2 50.056
S3 48.981