*All the charts are 30M charts with daily pivot points.
Market Scenario 1: Long positions above 0.7807 with targets @ 0.7841 and 0.7871.
Market Scenario 2: Short positions below 0.7807 with targets @ 0.7777 and 0.7743.
Comment: The pair recovered partial losses from S&P’s warning of Oz rating downgrade.
Supports and Resistances:
R3 0.7905
R2 0.7871
R1 0.7841
PP 0.7807
S1 0.7777
S2 0.7743
S3 0.7713
Market Scenario 1: Long positions above 135.51 with targets @ 135.96 and 136.54.
Market Scenario 2: Short positions below 135.51 with targets @ 134.93 and 134.48.
Comment: The pair trades steady with a bullish bias.
Supports and Resistances:
R3 136.99
R2 136.54
R1 135.96
PP 135.51
S1 134.93
S2 134.48
S3 133.90
Market Scenario 1: Long positions above 1.1381 with targets @ 1.1430 and 1.1463.
Market Scenario 2: Short positions below 1.1381 with targets @ 1.1348 and 1.1299.
Comment: The pair trades above 1.1400 as traders await ECB Monetary Policy Meeting Accounts.
Supports and Resistances:
R3 1.1512
R2 1.1463
R1 1.1430
PP 1.1381
S1 1.1348
S2 1.1299
S3 1.1266
Market Scenario 1: Long positions above 183.37 with targets @ 185.76 and 184.97.
Market Scenario 2: Short positions below 183.37 with targets @ 182.56 and 181.77.
Comment: The pair seems to formed a nice bullish trend.
Supports and Resistances:
R3 185.76
R2 184.97
R1 184.16
PP 183.37
S1 182.56
S2 181.77
S3 180.96
Market Scenario 1: Long positions above 1.5418 with targets @ 1.5496 and 1.5556.
Market Scenario 2: Short positions below 1.5418 with targets @ 1.5358 and 1.5280.
Comment: The pair trades above 1.5400.
Supports and Resistances:
R3 1.5634
R2 1.5556
R1 1.5496
PP 1.5418
S1 1.5358
S2 1.5280
S3 1.5220
Market Scenario 1: Long positions above 118.91 with targets @ 119.28 and 119.78.
Market Scenario 2: Short positions below 118.91 with targets @ 118.41 and 118.04.
Comment: The pair regains strength again by hitting session highs at 118.57.
Supports and Resistances:
R3 120.15
R2 119.78
R1 119.28
PP 118.91
S1 118.41
S2 118.04
S3 117.54
GOLD
Market Scenario 1: Long positions above 1207.80 with targets @ 1218.40 and 1224.00.
Market Scenario 2: Short positions below 1207.80 with targets @ 1202.20 and 1191.60.
Comment: Gold prices rose after the Fed minutes changed yesterday the investors’ expectations regarding the timing of the interest rate hike in the US.
Supports and Resistances:
R3 1234.60
R2 1224.00
R1 1218.40
PP 1207.80
S1 1202.20
S2 1191.60
S3 1186.00
Market Scenario 1: Long positions above 51.40 with targets @ 52.49 and 54.49.
Market Scenario 2: Short positions below 51.40 with targets @ 49.40 and 48.31.
Comment: Crude Oil prices drop most in a month.
Supports and Resistances:
R3 55.58
R2 54.49
R1 52.49
PP 51.40
S1 49.40
S2 48.31
S3 46.31
Market Scenario 1: Long positions above 62.2732 with targets @ 63.3915 and 65.2369.
Market Scenario 2: Short positions below 62.2732 with targets @ 60.4278 and 59.3095.
Comment: The pair remains bearish on the outlook.
Supports and Resistances:
R3 66.3552
R2 65.2369
R1 63.3915
PP 62.2732
S1 60.4278
S2 59.3095
S3 57.4641
Forexcorporate Marketing Research Department
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