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FX Daily Outlook: September 22, 2015

Published 09/22/2015, 06:08 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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EUR/JPY
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GBP/JPY
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RUBFIX=RTS
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GC
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CL
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AUD/USD

Market Scenario 1: Long positions above 0.7150 with targets at 0.7178 and 0.7225.

Market Scenario 2: Short positions below 0.7150 with targets at 0.7103 and 0.7075.

Comment: The pair fell below pivot point 0.7150 and now trades in a range near 0.7140 level.

Supports and Resistances:

  • R3 0.7253
  • R2 0.7225
  • R1 0.7178
  • PP 0.7150
  • S1 0.7103
  • S2 0.7075
  • S3 0.7028

AUD/USD Daily Chart

EUR/JPY

Market Scenario 1: Long positions above 135.26 with targets at 135.76 and 136.63.

Market Scenario 2: Short positions below 135.26 with targets at 134.39 and 133.89.

Comment: The pair dropped but found support at 134.39 level.

Supports and Resistances:

  • R3 137.13
  • R2 136.63
  • R1 135.76
  • PP 135.26
  • S1 134.39
  • S2 133.89
  • S3 133.02

EUR/JPY Daily Chart

EUR/USD

Market Scenario 1: Long positions above 1.1232 with targets at 1.1285 and 1.1381.

Market Scenario 2: Short positions below 1.1232 with targets at 1.1136 and 1.1083.

Comment: The pair dropped to lows near 1.1160 ahead of European open.

Supports and Resistances:

  • R3 1.1434
  • R2 1.1381
  • R1 1.1285
  • PP 1.1232
  • S1 1.1136
  • S2 1.1083
  • S3 1.0987

EUR/USD Daily Chart

GBP/JPY

Market Scenario 1: Long positions above 186.76 with targets at 187.51 and 188.08.

Market Scenario 2: Short positions below 186.76 with targets at 186.19 and 185.44.

Comment: The pair weakened and broke below support level 186.19.

Supports and Resistances:

  • R3 188.83
  • R2 188.08
  • R1 187.51
  • PP 186.76
  • S1 186.19
  • S2 185.44
  • S3 184.87

GBP/JPY Daily Chart

GBP/USD

Market Scenario 1: Long positions above 1.5518 with targets at 1.5556 and 1.5605.

Market Scenario 2: Short positions below 1.5518 with targets at 1.5469 and 1.5431.

Comment: The pair tested its strength to surpass pivot point 1.5518 but retreated near 1.5495 level.

Supports and Resistances:

  • R3 1.5643
  • R2 1.5605
  • R1 1.5556
  • PP 1.5518
  • S1 1.5469
  • S2 1.5431
  • S3 1.5382

GBP/USD Daily Chart

USD/JPY

Market Scenario 1: Long positions above 120.31 with targets at 120.89 and 121.24.

Market Scenario 2: Short positions below 120.31 with targets at 119.96 and 119.38.

Comment: The pair tumbles along with European stocks and eyes 120.00 level.

Supports and Resistances:

  • R3 121.82
  • R2 121.24
  • R1 120.89
  • PP 120.31
  • S1 119.96
  • S2 119.38
  • S3 119.03

USD/JPY Daily Chart

GOLD

Market Scenario 1: Long positions above 1133.60 with targets at 1138.40 and 1144.30.

Market Scenario 2: Short positions below 1133.60 with targets at 1127.70 and 1122.90.

Comment: Gold prices were affected negatively by U.S. rate hike concerns.

Supports and Resistances:

  • R3 1149.10
  • R2 1144.30
  • R1 1138.40
  • PP 1133.60
  • S1 1127.70
  • S2 1122.90
  • S3 1117.00

Gold Daily Chart

CRUDE OIL

Market Scenario 1: Long positions above 46.26 with targets at 47.48 and 48.25.

Market Scenario 2: Short positions below 46.26 with targets at 45.49 and 44.27.

Comment: Crude oil prices drop as low economic growth weighs on demand outlook.

Supports and Resistances:

  • R3 49.47
  • R2 48.25
  • R1 47.48
  • PP 46.26
  • S1 45.49
  • S2 44.27
  • S3 43.50

Crude Oil  Daily Chart

USD/RUB

Market Scenario 1: Long positions above 65.100 with targets at 66.288 and 67.439.

Market Scenario 2: Short positions below 65.100 with targets at 63.949 and 62.761.

Comment: The pair trades neutral near pivot point 65.100.

Supports and Resistances:

  • R3 69.777
  • R2 67.439
  • R1 66.288
  • PP 65.100
  • S1 63.949
  • S2 62.761
  • S3 60.422

USD/RUB Daily Chart

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