FX Technicals: 30-Minute Charts
Panayiotis Miltiadous | Mar 17, 2015 07:32AM ET
*All charts are 30-M charts with daily pivot points.
AUD/USD
Market Scenario 1: Long positions above 0.7643 with target @ 0.7709.
Market Scenario 2: Short positions below 0.7643 with target @ 0.7606.
Comment: The pair after it showed weakness in the early European morning and had losses, now it’s advancing again above 0.7650 level.
Supports and Resistances:
R3 0.7738
R2 0.7709
R1 0.7672
PP 0.7643
S1 0.7606
S2 0.7577
S3 0.7540
EUR/JPY
Market Scenario 1: Long positions above 128.01 with target @ 129.73.
Market Scenario 2: Short positions below 128.01 with target @ 127.25.
Comment: The pair traded almost steady in mid-Asia and now it’s advancing 128.60 level.
Supports and Resistances:
R3 130.69
R2 129.73
R1 128.97
PP 128.01
S1 127.25
S2 126.29
S3 125.53
EUR/USD
Market Scenario 1: Long positions above 1.0552 with target @ 1.0700.
Market Scenario 2: Short positions below 1.0552 with target @ 1.0484.
Comment: The pair advances higher with German data ahead.
Supports and Resistances:
R3 1.0780
R2 1.0700
R1 1.0632
PP 1.0552
S1 1.0484
S2 1.0404
S3 1.0336
GBP/JPY
Get The News You Want
Market Scenario 1: Long positions above 179.63 with target @ 180.47.
Market Scenario 2: Short positions below 179.63 with target @ 179.07.
Comment: The pair is currently trading below pivot point 179.63.
Supports and Resistances:
R3 181.87
R2 181.03
R1 180.47
PP 179.63
S1 179.07
S2 178.23
S3 177.67
GBP/USD
Market Scenario 1: Long positions above 1.4804 with target @ 1.4876.
Market Scenario 2: Short positions below 1.4804 with target @ 1.4755.
Comment: The pair rallied during the session on Monday, jumping back above the 1.48 level and now trading below it again.
Supports and Resistances:
R3 1.4997
R2 1.4925
R1 1.4876
PP 1.4804
S1 1.4755
S2 1.4683
S3 1.4634
USD/JPY
Market Scenario 1: Long positions above 121.29 with target @ 121.49.
Market Scenario 2: Short positions below 121.29 with target @ 121.12.
Comment: The pair fall below 121.37 level.
Supports and Resistances:
R3 121.86
R2 121.66
R1 121.49
PP 121.29
S1 121.12
S2 120.92
S3 120.75
Gold
Market Scenario 1: Long positions above 1155.50 with target @ 1161.60.
Market Scenario 2: Short positions below 1155.50 with target @ 1147.60.
Comment: Gold prices trade steady at 1154.00 level and traders remain on the sidelines ahead of the start of the two-day Federal Reserve meeting later in the day.
Supports and Resistances:
R3 1175.60
R2 1169.50
R1 1161.60
PP 1155.50
S1 1147.60
S2 1141.50
S3 1133.60
Crude Oil
Market Scenario 1: Long positions above 43.88 with target @ 44.91.
Market Scenario 2: Short positions below 43.88 with target @ 42.76.
Comment: Crude oil prices continue to fall and currently trading at $43/barrel.
Supports and Resistances:
R3 47.06
R2 46.03
R1 44.91
PP 43.88
S1 42.76
S2 41.73
S3 40.61
USD/RUB
Market Scenario 1: Long positions above 61.169 with target @ 61.538.
Market Scenario 2: Short positions below 61.169 with target @ 60.249.
Comment: The ruble stabilized in recent weeks as the pace of inflation slowed, alongside steadying government benchmark rates.
Supports and Resistances:
R3 63.009
R2 62.089
R1 61.538
PP 61.169
S1 60.618
S2 60.249
S3 59.329
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