Gold Prices Holds Near 3-Week High And Await For Fed Statement
Panayiotis Miltiadous | Apr 29, 2015 07:03AM ET
AUD/USD
Market Scenario 1: Long positions above 0.8088 with target at 0.8155.
Market Scenario 2: Short positions below 0.7960 with target at 0.7893.
Comment: The pair hovers around 0.7990 level.
Supports and Resistances:
R3 0.8283
R2 0.8155
R1 0.8088
PP 0.7960
S1 0.7893
S2 0.7765
S3 0.7698
EUR/JPY
Market Scenario 1: Long positions above 131.02 with target at 131.50.
Market Scenario 2: Short positions below 130.18 with target at 129.70.
Comment: The pair extended gains above 130.00 level.
Supports and Resistances:
R3 132.34
R2 131.50
R1 131.02
PP 130.18
S1 129.70
S2 128.86
S3 128.38
EUR/USD
Market Scenario 1: Long positions above 1.1028 with target at 1.1074.
Market Scenario 2: Short positions below 1.0943 with target at 1.0897.
Comment: The pair continues advancing above 1.0980 level and the focus is on FOMC Data.
Supports and Resistances:
R3 1.1159
R2 1.1074
R1 1.1028
PP 1.0943
S1 1.0897
S2 1.0812
S3 1.0766
GBP/JPY
Market Scenario 1: Long positions above 182.91 with target at 183.50.
Market Scenario 2: Short positions below 181.80 with target at 181.21.
Comment: The pair strengthened and trades near 182.70 level.
Supports and Resistances:
R3 184.61
R2 183.50
R1 182.91
PP 181.80
S1 181.21
S2 180.10
S3 179.51
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GBP/USD
Market Scenario 1: Long positions above 1.5395 with target at 1.5452.
Market Scenario 2: Short positions below 1.5285 with target at 1.5228.
Comment: The trades over 1.5360 level on a fresh monthly high.
Supports and Resistances:
R3 1.5562
R2 1.5452
R1 1.5395
PP 1.5285
S1 1.5228
S2 1.5118
S3 1.5061
USD/JPY
Market Scenario 1: Long positions above 118.94 with target at 119.11.
Market Scenario 2: Short positions below 118.69 with target at 118.52.
Comment: The pair advances and tries to surpass pivot point 118.94.
Supports and Resistances:
R3 119.53
R2 119.36
R1 119.11
PP 118.94
S1 118.69
S2 118.52
S3 118.27
Gold
Market Scenario 1: Long positions above 1209.13 with target at 1219.66.
Market Scenario 2: Short positions below 1209.13 with target at 1203.36.
Comment: Gold prices holds near 3-week high and await for Fed statement.
Supports and Resistances:
R3 1235.96
R2 1225.43
R1 1219.66
PP 1209.13
S1 1203.36
S2 1192.83
S3 1187.06
Crude Oil
Market Scenario 1: Long positions above 56.99 with target at 57.91.
Market Scenario 2: Short positions below 56.15 with target at 55.23.
Comment: Crude oil prices weakened on weak Asian cues.
Supports and Resistances:
R3 59.67
R2 58.75
R1 57.91
PP 56.99
S1 56.15
S2 55.23
S3 54.39
USD/RUB
Market Scenario 1: Long positions above 50.850 with target at 51.732.
Market Scenario 2: Short positions below 50.214 with target at 49.332.
Comment: The pair tries to break resistance level 50.850.
Supports and Resistances:
R3 53.886
R2 53.250
R1 52.368
PP 51.732
S1 50.850
S2 50.214
S3 49.332
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