AUD/USD Advancing To 0.79000; EUR/JPY Climbing To Test 135.20
Panayiotis Miltiadous | Feb 25, 2015 06:49AM ET
*All the charts are 30M charts with daily pivot points.
AUD/USD
Market Scenario 1: Long positions above 0.7801 with target @ 0.7961.
Market Scenario 2: Short positions below 0.7801 with target @ 0.7767.
Comment: The pair is advancing at 0.7900 level.
Supports and Resistances:
R3 0.7961
R2 0.7898
R1 0.7864
PP 0.7801
S1 0.7767
S2 0.7704
S3 0.7670
EUR/JPY
Market Scenario 1: Long positions above 135.02 with target @ 135.52.
Market Scenario 2: Short positions below 135.02 with target @ 134.41.
Comment: The pair climbs up and tests the 135.20 level.
Supports and Resistances:
R3 136.63
R2 136.13
R1 135.20
PP 135.02
S1 134.41
S2 133.91
S3 133.30
EUR/USD
Market Scenario 1: Long positions above 1.1328 with target @ 1.1397.
Market Scenario 2: Short positions below 1.1328 with target @ 1.1299.
Comment: The pair dropped at 1.1360 level.
Supports and Resistances:
R3 1.1437
R2 1.1397
R1 1.1368
PP 1.1328
S1 1.1299
S2 1.1259
S3 1.1230
GBP/JPY
Get The News You Want
Market Scenario 1: Long positions above 184.06 with target @ 184.60.
Market Scenario 2: Short positions below 184.06 with target @ 183.32.
Comment: The pair gains capped by falling US Treasury yields.
Supports and Resistances:
R3 185.88
R2 185.34
R1 184.60
PP 184.06
S1 183.32
S2 182.78
S3 182.04
GBP/USD
Market Scenario 1: Long positions above 1.5443 with target @ 1.5556.
Market Scenario 2: Short positions below 1.5443 with targets @ 1.5412.
Comment: The pair advanced above 1.5500 level and awaits speeches from Bank of England (BOE) policymakers later in the session.
Supports and Resistances:
R3 1.5556
R2 1.5515
R1 1.5484
PP 1.5443
S1 1.5412
S2 1.5371
S3 1.5340
USD/JPY
Market Scenario 1: Long positions above 119.18 with target @ 119.62.
Market Scenario 2: Short positions below 119.18 with targets @ 118.10.
Comment: The pair remains unchanged.
Supports and Resistances:
R3 120.70
R2 120.26
R1 119.62
PP 119.18
S1 118.54
S2 118.10
S3 117.46
GOLD
Market Scenario 1: Long positions above 1197.23 with target @ 1211.63.
Market Scenario 2: Short positions below 1197.23 with target @ 1190.06.
Comment: Gold prices might fall more as per Varengold Bank Research Team.
Supports and Resistances:
R3 1218.86
R2 1211.63
R1 1204.46
PP 1197.23
S1 1190.06
S2 1182.83
S3 1175.66
CRUDE OIL
Market Scenario 1: Long positions above 49.43 with target @ 50.18.
Market Scenario 2: Short positions below 49.43 with target @ 48.53.
Comment: Crude oil swings between gains and losses as the traders await for US Crude inventory report to be released later today.
Supports and Resistances:
R3 51.83
R2 51.08
R1 50.18
PP 49.43
S1 48.53
S2 47.78
S3 46.88
USD/RUB
Market Scenario 1: Long positions above 63.261 with target @ 64.107.
Market Scenario 2: Short positions below 63.261 with targets @ 60.599.
Comment: Ruble sentiment is being increasingly driven by oil rather than Ukraine amid the diminishing threat of fresh sanctions against Russian President Vladimir Putin.
Supports and Resistances:
R3 65.861
R2 65.015
R1 64.107
PP 63.261
S1 62.353
S2 61.507
S3 60.599
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