Gold Continues To Build, GBP/USD Falls Below 1.5700
Panayiotis Miltiadous | May 18, 2015 08:59AM ET
AUD/USD
Market Scenario 1: Long positions above 0.8040 with target at 0.8086.
Market Scenario 2: Short positions below 0.7993 with target at 0.7947.
Comment: The pair has a bearish tone and trades near 0.8000 level.
Supports and Resistances:
R3 0.8179
R2 0.8133
R1 0.8066
PP 0.8040
S1 0.7993
S2 0.7947
S3 0.7900
EUR/JPY
Market Scenario 1: Long positions above 136.39 with target at 137.08.
Market Scenario 2: Short positions below 135.96 with target at 135.27.
Comment: The pair dropped below 136.20 level.
Supports and Resistances:
R3 138.20
R2 137.51
R1 137.08
PP 136.39
S1 135.96
S2 135.27
S3 134.84
EUR/USD
Market Scenario 1: Long positions above 1.1412 with target at 1.1500.
Market Scenario 2: Short positions below 1.1357 with target at 1.1269.
Comment: The pair is testing lows near 1.1380 level.
Supports and Resistances:
R3 1.1643
R2 1.1550
R1 1.1500
PP 1.1412
S1 1.1357
S2 1.1269
S3 1.1214
GBP/JPY
Market Scenario 1: Long positions above 187.99 with target at 188.35.
Market Scenario 2: Short positions below 187.39 with target at 187.03.
Comment: The pair fought but couldn’t break the support level 187.39.
Supports and Resistances:
R3 189.31
R2 188.95
R1 188.35
PP 187.99
S1 187.39
S2 187.03
S3 186.43
Get The News You Want
GBP/USD
Market Scenario 1: Long positions above 1.5683 with target at 1.5745.
Market Scenario 2: Short positions below 1.5639 with target at 1.5577.
Comment: The pair fell below 1.5700 level.
Supports and Resistances:
R3 1.5895
R2 1.5851
R1 1.5789
PP 1.5745
S1 1.5683
S2 1.5639
S3 1.5577
USD/JPY
Market Scenario 1: Long positions above 119.82 with target at 120.26.
Market Scenario 2: Short positions below 119.49 with target at 119.05.
Comment: The pair trades steady above 119.50 level.
Supports and Resistances:
R3 120.59
R2 120.26
R1 119.82
PP 119.49
S1 119.05
S2 118.72
S3 118.28
GOLD
Market Scenario 1: Long positions above 1235.00 with target at 1244.20.
Market Scenario 2: Short positions below 1229.00 with target at 1219.80.
Comment: Gold prices continued to build on gains made in the previous week today, with increased fears over a Greek exit from the Eurozone and the prospect of a delay to the normalization of US monetary policy providing support.
Supports and Resistances:
R3 1244.20
R2 1235.00
R1 1229.00
PP 1219.80
S1 1213.80
S2 1204.60
S3 1198.60
CRUDE OIL
Market Scenario 1: Long positions above 60.30 with target at 61.29.
Market Scenario 2: Short positions below 59.79 with target at 58.80.
Comment: Crude oil prices found resistance at 60.30 level and currently trade at 60.00 level.
Supports and Resistances:
R3 62.79
R2 61.80
R1 61.29
PP 60.30
S1 59.79
S2 58.80
S3 58.29
USD/RUB
Market Scenario 1: Long positions above 48.614 with target at 49.086.
Market Scenario 2: Short positions below 48.014 with target at 47.542.
Comment: The pair found resistance at pivot point 48.614 trades neutral near 48.170 level.
Supports and Resistances:
R3 50.758
R2 49.686
R1 49.086
PP 48.614
S1 48.014
S2 47.542
S3 46.470
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.