USD/RUB: Advanced And Broke Resistance Level 48.793
Panayiotis Miltiadous | May 25, 2015 08:10AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7857 with target at 0.7904.
Market Scenario 2: Short positions below 0.7783 with target at 0.7736.
Comment: The pair remains oversold, which suggests that the downside for the pair might be limited today.
Supports and Resistances:
R3 0.8025
R2 0.7978
R1 0.7904
PP 0.7857
S1 0.7783
S2 0.7736
S3 0.7662
EUR/JPY
Market Scenario 1: Long positions above 134.31 with target at 134.90.
Market Scenario 2: Short positions below 133.29 with target at 132.70.
Comment: The pair falls to fresh 3-week lows on Greek issue.
Supports and Resistances:
R3 136.51
R2 135.92
R1 134.90
PP 134.31
S1 133.29
S2 132.70
S3 131.68
EUR/USD
Market Scenario 1: Long positions above 1.1074 with target at 1.1148.
Market Scenario 2: Short positions below 1.0941 with target at 1.0867.
Comment: The pair trades around a crucial level and further declines might be ahead according to analysts.
Supports and Resistances:
R3 1.1355
R2 1.1281
R1 1.1148
PP 1.1074
S1 1.0941
S2 1.0867
S3 1.0734
GBP/JPY
Market Scenario 1: Long positions above 188.64 with target at 189.36.
Market Scenario 2: Short positions below 187.64 with target at 186.92.
Comment: The pair advanced again and gave some gains back.
Supports and Resistances:
R3 191.08
R2 190.36
R1 189.36
PP 188.64
S1 187.64
S2 186.92
S3 185.92
Get The News You Want
GBP/USD
Market Scenario 1: Long positions above 1.5548 with target at 1.5637.
Market Scenario 2: Short positions below 1.5407 with target at 1.5318.
Comment: The pair tried to break 1.5500 level but went back below it.
Supports and Resistances:
R3 1.5867
R2 1.5778
R1 1.5637
PP 1.5548
S1 1.5407
S2 1.5318
S3 1.5177
USD/JPY
Market Scenario 1: Long positions above 121.86 with target at 122.18.
Market Scenario 2: Short positions below 121.25 with target at 120.93.
Comment: The pair has a bearish tone and trades below 121.50 level.
Supports and Resistances:
R3 122.79
R2 122.18
R1 121.86
PP 121.25
S1 120.93
S2 120.32
S3 120.00
Gold
Market Scenario 1: Long positions above 1207.00 with target at 1213.00.
Market Scenario 2: Short positions below 1199.40 with target at 1193.40.
Comment: Gold prices are nearly flat in Asian trade with a stream of recent weak U.S. economic data keeping the precious metal just above a psychological threshold of 1,200 level. Investors expect the U.S. Federal Reserve to increase interest rates only later in the year, which is a positive for gold.
Supports and Resistances:
R3 1226.60
R2 1220.60
R1 1213.00
PP 1207.00
S1 1199.40
S2 1193.40
S3 1185.80
CRUDE OIL
Market Scenario 1: Long positions above 59.29 with target at 60.05.
Market Scenario 2: Short positions below 59.29 with target at 58.60.
Comment: Crude oil prices dropped sharply but found support at 59.29 level.
Supports and Resistances:
R3 62.19
R2 61.50
R1 60.74
PP 60.05
S1 59.29
S2 58.60
S3 57.84
USD/RUB
Market Scenario 1: Long positions above 49.187 with target at 49.493.
Market Scenario 2: Short positions below 48.793 with target at 48.487.
Comment: The pair advanced and broke resistance level 48.793.
Supports and Resistances:
R3 50.193
R2 49.493
R1 49.187
PP 48.793
S1 48.487
S2 48.093
S3 47.393
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.