Oil Advances, Gold Falls, AUD/USD Bearish
Panayiotis Miltiadous | Jun 11, 2015 05:50AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7818 with target at 0.7875.
Market Scenario 2: Short positions below 0.7726 with target at 0.7669.
Comment: The pair has a small bearish tone and trades below 0.7770 level, though the Chinese industrial production and consumption ticked up in May.
Supports and Resistances:
R3 0.7967
R2 0.7875
R1 0.7818
PP 0.7726
S1 0.7669
S2 0.7577
S3 0.7520
EUR/JPY
Market Scenario 1: Long positions above 139.33 with target at 140.23.
Market Scenario 2: Short positions below 139.33 with target at 137.99.
Comment: The pair trades neutral near pivot point 139.33.
Supports and Resistances:
R3 142.47
R2 141.57
R1 140.23
PP 139.33
S1 137.99
S2 137.09
S3 135.75
EUR/USD
Market Scenario 1: Long positions above 1.1322 with target at 1.1386.
Market Scenario 2: Short positions below 1.1322 with target at 1.1266.
Comment: The pair couldn’t break the resistance level on pivot point 1.1322 and retraced.
Supports and Resistances:
R3 1.1512
R2 1.1448
R1 1.1386
PP 1.1322
S1 1.1260
S2 1.1196
S3 1.1134
GBP/JPY
Market Scenario 1: Long positions above 190.35 with target at 191.75.
Market Scenario 2: Short positions below 190.35 with target at 189.11.
Comment: The pair weakened and went back to pivot point 190.35.
Supports and Resistances:
R3 194.39
R2 192.99
R1 191.75
PP 190.35
S1 189.11
S2 187.71
S3 186.47
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GBP/USD
Market Scenario 1: Long positions above 1.5483 with target at 1.5599.
Market Scenario 2: Short positions below 1.5414 with target at 1.5298.
Comment: The pair has a downside pressure and currently trades below 1.5440 level.
Supports and Resistances:
R3 1.5784
R2 1.5668
R1 1.5599
PP 1.5483
S1 1.5414
S2 1.5298
S3 1.5229
USD/JPY
Market Scenario 1: Long positions above 123.24 with target at 124.04.
Market Scenario 2: Short positions below 123.24 with target at 121.88.
Comment: The pair is expected to consolidate in the 122-125 range, according to analysts.
Supports and Resistances:
R3 126.20
R2 125.40
R1 124.04
PP 123.24
S1 121.88
S2 121.08
S3 119.72
GOLD
Market Scenario 1: Long positions above 1183.70 with target at 1193.20.
Market Scenario 2: Short positions below 1183.70 with target at 1175.70.
Comment: Gold prices fell and are testing support level at pivot point 1183.70.
Supports and Resistances:
R3 1210.70
R2 1201.20
R1 1193.20
PP 1183.70
S1 1175.70
S2 1166.20
S3 1158.20
CRUDE OIL
Market Scenario 1: Long positions above 61.81 with target at 62.50.
Market Scenario 2: Short positions below 61.13 with target at 60.44.
Comment: Crude oil prices advanced and trade near 61.40 level.
Supports and Resistances:
R3 63.18
R2 62.50
R1 61.81
PP 61.13
S1 60.44
S2 59.76
S3 59.07
USD/RUB
Market Scenario 1: Long positions above 53.624 with target at 54.488.
Market Scenario 2: Short positions below 53.624 with target at 52.561.
Comment: The pair rose and tries to break resistance level at pivot point 53.624.
Supports and Resistances:
R3 57.477
R2 55.551
R1 54.488
PP 53.624
S1 52.561
S2 51.698
S3 49.771
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