Technical Analysis: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY
Panayiotis Miltiadous | Mar 16, 2015 06:52AM ET
*All the charts are 30M charts with daily pivot points.
AUD/USD
Market Scenario 1: Long positions above 0.7650 with target @ 0.7692.
Market Scenario 2: Short positions below 0.7650 with target @ 0.7592.
Comment: The pair trades near pivot point 0.7650.
Supports and Resistances:
R3 0.7792
R2 0.7750
R1 0.7692
PP 0.7650
S1 0.7592
S2 0.7550
S3 0.7492
EUR/JPY
Market Scenario 1: Long positions above 127.77 with target @ 128.65.
Market Scenario 2: Short positions below 127.77 with target @ 126.49.
Comment: The pair remains below 128.00 level.
Supports and Resistances:
R3 130.81
R2 129.93
R1 128.65
PP 127.77
S1 126.49
S2 125.61
S3 124.33
EUR/USD
Market Scenario 1: Long positions above 1.0528 with target @ 1.0595.
Market Scenario 2: Short positions below 1.0528 with target @ 1.0423.
Comment: The pair slips to a fresh 12-year low of 1.0457 early, but then rebounds to a 1.0547 high.
Supports and Resistances:
R3 1.0767
R2 1.0700
R1 1.0595
PP 1.0528
S1 1.0423
S2 1.0356
S3 1.0251
GBP/JPY
Get The News You Want
Market Scenario 1: Long positions above 179.32 with target @ 180.43.
Market Scenario 2: Short positions below 179.32 with target @ 177.91.
Comment: The pair seems to trade steady below pivot point 179.32.
Supports and Resistances:
R3 182.95
R2 181.84
R1 180.43
PP 179.32
S1 177.91
S2 176.80
S3 175.39
GBP/USD
Market Scenario 1: Long positions above 1.4779 with target @ 1.4858.
Market Scenario 2: Short positions below 1.4779 with target @ 1.4661.
Comment: The pair trades near pivot point 1.4779.
Supports and Resistances:
R3 1.5055
R2 1.4976
R1 1.4858
PP 1.4779
S1 1.4661
S2 1.4582
S3 1.4464
USD/JPY
Market Scenario 1: Long positions above 121.37 with target @ 121.62.
Market Scenario 2: Short positions below 121.37 with target @ 120.94.
Comment: The pair found support at 121.19 level and now it’s advancing again.
Supports and Resistances:
R3 122.05
R2 121.80
R1 121.62
PP 121.37
S1 121.19
S2 120.94
S3 120.76
GOLD
Market Scenario 1: Long positions above 1156.60 with target @ 1167.10.
Market Scenario 2: Short positions below 1156.60 with target @ 1152.20.
Comment: Gold prices are near lowest levels in over three months ahead of Fed meeting.
Supports and Resistances:
R3 1173.20
R2 1167.10
R1 1162.70
PP 1156.60
S1 1152.20
S2 1146.10
S3 1141.70
CRUDE OIL
Market Scenario 1: Long positions above 45.68 with target @ 46.60.
Market Scenario 2: Short positions below 45.68 with target @ 44.07.
Comment: Crude oil prices fall by 2.1% on weak Asian cues.
Supports and Resistances:
R3 49.13
R2 48.21
R1 46.60
PP 45.68
S1 44.07
S2 43.15
S3 41.54
USD/RUB
Market Scenario 1: Long positions above 61.836 with target @ 63.038.
Market Scenario 2: Short positions below 61.836 with target @ 59.700.
Comment: The confidence of the investors has returned for the ruble, and even a rate cut today left it unfazed.
Supports and Resistances:
R3 65.174
R2 63.972
R1 63.038
PP 61.836
S1 60.902
S2 59.700
S3 58.766
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.