Daily Technical by AAATrade

[AAATrade]

Daily Technical Analysis for 04.02.2016
*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7119 with targets @ 0.7236 & 0.7305

Market Scenario 2: Short positions below 0.7119 with targets @ 0.7050 & 0.6933

Comment: Aussie during yesterday’s session rose against US Dollar, closing the session with more than 150 pips profit at 0.7159, the highest level since 5th of January. Today the pair continues trading with positive bias above Pivot point level.

Supports and Resistances:

R3 0.7422

R2 0.7305

R1 0.7236

PP 0.7119

S1 0.7050

S2 0.6933

S3 0.6864


EUR/JPY

Market Scenario 1: Long positions above 130.64 with targets @ 131.23 & 131.58

Market Scenario 2: Short positions below 130.64 with targets @ 130.29 & 129.70

Comment: European currency during yesterday’s session was sent as low as 130.03 against Japanese Yen, however, gathered strength it managed to return all of the losses and close the day in positive territory. Today the pair is trading flat slightly above Pivot Point level

Supports and Resistances:

R3 132.17

R2 131.58

R1 131.23

PP 130.64

S1 130.29

S2 129.70

S3 129.35



EUR/USD

Market Scenario 1: Long positions above 1.1050 with targets @ 1.1198 & 1.1291

Market Scenario 2: Short positions below 1.1050 with targets @ 1.0957 & 1.0809

Comment: European currency rallied against US Dollar amid dovish comments of FED Reserve suggested a slowing pace of rate hikes. Amid this news the European currency appreciated for more than 150 pips per one session, closing the day at 1.1086. Today the pair continues trading with positive bias above Pivot Point level.

R3 1.1439

R2 1.1291

R1 1.1198

PP 1.1050

S1 1.0957

S2 1.0809

S3 1.0716



GBP/JPY

Market Scenario 1: Long positions above 172.28 with targets @ 173.51 & 174.98

Market Scenario 2: Short positions below 172.28 with targets @ 170.81 & 169.58

Comment: Sterling during yesterday’s session closed second day in the row in negative territory against Japanese Yen at 172.17. Today the pair continues trading under pressure below Pivot Point level.

Supports and Resistances:

R3 176.21

R2 174.98

R1 173.51

PP 172.28

S1 170.81

S2 169.58

S3 168.11


GBP/USD

Market Scenario 1: Long positions above 1.4543 with targets @ 1.4702 & 1.4808

Market Scenario 2: Short positions below 1.4543 with targets @ 1.4437 & 1.4278

Comment: Sterling appreciated against US Dollar during yesterday’s session for more than 180 pips per one day amid dovish Comment of Federal Reserve. Today the pair continues its upward move above Pivot Point level.

Supports and Resistances:

R3 1.4967

R2 1.4808

R1 1.4702

PP 1.4543

S1 1.4437

S2 1.4278

S3 1.4172



USD/JPY

Market Scenario 1: Long positions above 118.31 with targets @ 119.59 & 121.31

Market Scenario 2: Short positions below 118.31 with targets @ 116.59 & 115.31

Comment: USD recorded third day in the row in negative territory during yesterday’s session against Japanese Yen, closing the day with 170 pips loss at 117.03. Today USDJPY continues trading under pressure below Pivot Point Level.

Supports and Resistances:


R3 122.59

R2 121.31

R1 119.59

PP 118.31

S1 116.59

S2 115.31

S3 113.59

GOLD

Market Scenario 1: Long positions above 1137.29 with targets @ 1150.44 & 1158.59

Market Scenario 2: Short positions below 1137.29 with targets @ 1129.14 & 1115.99

Comment: Gold closed the third trading session a row in positive territory against US Dollar, reaching its highest level at 1145.45 since 30th of October 2015. Today bullion continues trading with positive bias close to yesterday’s highs.


Supports and Resistances:

R3 1179.89

R2 1158.59

R1 1150.44

PP 1137.29

S1 1129.14

S2 1115.99

S3 1094.69



CRUDE OIL

Market Scenario 1: Long positions above 31.61 with targets @ 33.85 & 34.96

Market Scenario 2: Short positions below 31.61 with targets @ 30.50 & 28.26

Comment: Crude oil recovered 3 USD a barrel during yesterday’s session amid dovish comments of Federal Reserve which suggested a slowing pace of rate hikes. Today Crude oil is trading flat above Pivot Point level

Supports and Resistances:

R3 38.31

R2 34.96

R1 33.85

PP 31.61

S1 30.50

S2 28.26

S3 24.91



USD/RUB

Market Scenario 1: Long positions above 77.11 with targets @ 78.57 & 81.49

Market Scenario 2: Short positions below 77.11 with targets @ 74.19 & 72.73

Comment: US Dollar dropped against Russian rubble during yesterday’s session amid dovish comments of Federal Reserve and surged prices of Crude Oil, closing the session at 75.65. Today the pair is trading flat below Pivot point level.

Supports and Resistances:

R3 85.87

R2 81.49

R1 78.57

PP 77.11

S1 74.19

S2 72.73

S3 68.35

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

Daily Technical Analysis for 05.02.2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7197 with targets @ 0.7243 & 0.7287
Market Scenario 2: Short positions below 0.7197 with targets @ 0.7153 & 0.7107

Comment: Aussie during yesterday’s session continues its upwards move against US Dollar, closing second day in the row in positive territory. Today AUD/USD is trading flat ahead of US Non-Farm Employment change and US Unemployment rate.

Supports and Resistances:
R3 0.7333
R2 0.7287
R1 0.7243
PP 0.7197
S1 0.7153
S2 0.7107
S3 0.7063


EUR/JPY

Market Scenario 1: Long positions above 131.06 with targets @ 131.48 & 132.08
Market Scenario 2: Short positions below 131.06 with targets @ 130.46 & 130.04
Comment: European currency during yesterday’s session undertook an attempt to break through the First Resistance level at 131.48, but having encountered selling pressure retreated closing the day almost unchanged against Japanese Yen. Today the pair is trading with negative bias below Pivot Point Level.
Supports and Resistances:
R3 132.50
R2 132.08
R1 131.48
PP 131.06
S1 130.46
S2 130.04
S3 129.44


EUR/USD

Market Scenario 1: Long positions above 1.1172 with targets @ 1.1275 & 1.1341
Market Scenario 2: Short positions below 1.1172 with targets @ 1.1106 & 1.1003
Comment: European currency closed fourth day in a row in positive territory against US Dollar, appreciating for more than 370 pips for these days. Today the pair is trading in a small range above Pivot Point level awaiting the big news out of US.
R3 1.1444
R2 1.1341
R1 1.1275
PP 1.1172
S1 1.1106
S2 1.1003
S3 1.0937


GBP/JPY

Market Scenario 1: Long positions above 170.94 with targets @ 171.87 & 173.39
Market Scenario 2: Short positions below 170.94 with targets @ 169.42 & 168.49
Comment: Sterling continued it downwards move against Japanese yen, closing third day in a row in negative territory. Today the pair remains trading under pressure, having already undertaken an attempt to break through the First Support Level.
Supports and Resistances:
R3 174.32
R2 173.39
R1 171.87
PP 170.94
S1 169.42
S2 168.49
S3 166.97


GBP/USD

Market Scenario 1: Long positions above 1.4595 with targets @ 1.4660 & 1.4733
Market Scenario 2: Short positions below 1.4595 with targets @ 1.4522 & 1.4457

Comment: Sterling during yesterday’s session undertook an attempt to break through the First resistance level at 1.466 against US Dollar, but having failed to do so, came under pressure and was sent below Pivot point level. Today the pair continues trading with negative bias close to the First Support level.

Supports and Resistances:
R3 1.4798
R2 1.4733
R1 1.4660
PP 1.4595
S1 1.4522
S2 1.4457
S3 1.4384


USD/JPY

Market Scenario 1: Long positions above 117.17 with targets @ 117.82 & 118.88
Market Scenario 2: Short positions below 117.17 with targets @ 116.11 & 115.46

Comment: US Dollar continued its downward move against Japanese Yen during yesterday’s session, closing fourth day in a row in negative territory. Today USDJPY continues trading under pressure below Pivot Point level and close to its recent lows of 115.94 reached on 20th of January.
Supports and Resistances:
R3 119.53
R2 118.88
R1 117.82
PP 117.17
S1 116.11
S2 115.46
S3 114.40


GOLD

Market Scenario 1: Long positions above 1150.59 with targets @ 1161.86 & 1168.47
Market Scenario 2: Short positions below 1150.59 with targets @ 1143.98 & 1132.71

Comment: Gold recorded 5th day in the row in positive territory against US Dollar, reaching 1157.20 the highest level since 29th of October 2015. Today bullion is trading flat ahead of Major news form United States.

Supports and Resistances:
R3 1186.35
R2 1168.47
R1 1161.86
PP 1150.59
S1 1143.98
S2 1132.71
S3 1114.83


CRUDE OIL

Market Scenario 1: Long positions above 32.25 with targets @ 33.00 & 34.32
Market Scenario 2: Short positions below 32.25 with targets @ 30.93 & 30.93

Comment: Crude oil after Wednesday’s rally came under selling pressure and closed yesterday’s session in negative territory. Today Crude continues trading under pressure below Pivot point level.

Supports and Resistances:
R3 36.39
R2 34.32
R1 33.00
PP 32.25
S1 30.93
S2 30.18
S3 28.11


USD/RUB

Market Scenario 1: Long positions above 75.52 with targets @ 76.48 & 77.35
Market Scenario 2: Short positions below 75.52 with targets @ 74.65 & 73.69

Comment: US Dollar closed yesterday’s session almost unchanged against Russian ruble, overall weakness of US dollar offset falling prices of Crude Oil. Toda the pair is trading with positive bias slightly above the First Resistance level.

Supports and Resistances:
R3 79.18
R2 77.35
R1 76.48
PP 75.52
S1 74.65
S2 73.69
S3 71.86


The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

​

 

[AAATrade]

Daily Technical Analysis for 08.02.2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7114 with targets @ 0.7166 & 0.7267

Market Scenario 2: Short positions below 0.7114 with targets @ 0.7013 & 0.6961

Comment: Aussie during Friday’s session came under selling pressure and was drastically sold-off against USD, closing the day with 130 pips loss. Today the pair is trading positively, close to the Pivot Point Level.

Supports and Resistances:

R3 0.7319

R2 0.7267

R1 0.7166

PP 0.7114

S1 0.7013

S2 0.6961

S3 0.6860


EUR/JPY

Market Scenario 1: Long positions above 130.50 with targets @ 130.84 & 131.36

Market Scenario 2: Short positions below 130.50 with targets @ 129.98 & 129.64

Comment: European currency during Friday’ session drop against Japanese Yen, closing the day with 50 pips loss. Today the pair found support and managed to return almost all the losses incurred on Friday. Currently the pair is testing the First resistance level.

Supports and Resistances:

R3 131.70

R2 131.36

R1 130.84

PP 130.50

S1 129.98

S2 129.64

S3 129.12



EUR/USD

Market Scenario 1: Long positions above 1.1172 with targets @ 1.1275 & 1.1341

Market Scenario 2: Short positions below 1.1172 with targets @ 1.1106 & 1.1003

Comment: After four days of rally European currency came under selling pressure during Friday’s session and was sent to the First support level at 1.11, however the pair found support and managed to return half of the losses closing the day, not far from the Pivot Point level. Today the pair is trading flat with no Major news scheduled for today.

R3 1.1444

R2 1.1341

R1 1.1275

PP 1.1172

S1 1.1106

S2 1.1003

S3 1.0937



GBP/JPY

Market Scenario 1: Long positions above 169.63 with targets @ 170.28 & 171.19

Market Scenario 2: Short positions below 169.63 with targets @ 168.72 & 168.07

Comment: Sterling continued it downwards move against Japanese yen during Friday’s session having closed fourth day in a row in negative territory. Today the pair gathered some strength and managed to break through the Pivot Point level and the First Resistance level.

Supports and Resistances:

R3 171.84

R2 171.19

R1 170.28

PP 169.63

S1 168.72

S2 168.07

S3 167.16


GBP/USD

Market Scenario 1: Long positions above 1.4513 with targets @ 1.4576 & 1.4652

Market Scenario 2: Short positions below 1.4513 with targets @ 1.4437 & 1.4374

Comment: Sterling during Friday’s session was trading under pressure against US Dollar, closing second day in the row in negative territory. Today the pair is trading with positive bias and managed to climb above Pivot Point level.

Supports and Resistances:

R3 1.4715

R2 1.4652

R1 1.4576

PP 1.4513

S1 1.4437

S2 1.4374

S3 1.4298



USD/JPY

Market Scenario 1: Long positions above 116.84 with targets @ 117.40 & 117.98

Market Scenario 2: Short positions below 116.84 with targets @ 116.26 & 115.70

Comment: US Dollar was drastically sold-off during previous week against Japanese Yen, having lost almost 450 pips. Only during Friday’s session almost reaching its 20th January’s lows US Dollar found support and managed to close the session unchanged. Today the pair is trading with positive bias having already undertaken and attempt to break through the First Resistance level.


Supports and Resistances:

R3 118.54

R2 117.98

R1 117.40

PP 116.84

S1 116.26

S2 115.70

S3 115.12



GOLD

Market Scenario 1: Long positions above 1164.20 with targets @ 1183.34 & 1193.51

Market Scenario 2: Short positions below 1164.20 with targets @ 1154.03 & 1134.89

Comment: Gold continued its upward move against the USD, closing 6th trading session in a row in positive territory, reaching 1174.36 US Dollars per troy ounce. Today gold came slightly under selling pressure and was pushed to Pivot Point level.

Supports and Resistances:

R3 1222.82

R2 1193.51

R1 1183.34

PP 1164.20

S1 1154.03

S2 1134.89

S3 1105.58



CRUDE OIL

Market Scenario 1: Long positions above 31.34 with targets @ 32.06 & 33.15

Market Scenario 2: Short positions below 31.34 with targets @ 30.25 & 29.53

Comment: Crude oil during Friday’s session closed second day in a row in negative territory amid continues oversupply in the market. Today Crude got some support amid Saudi and Venezuela’s talk of Cooperation between OPEC and non-OPEC countries to stabilize the oil market.

Supports and Resistances:

R3 34.96

R2 33.15

R1 32.06

PP 31.34

S1 30.25

S2 29.53

S3 27.72



USD/RUB

Market Scenario 1: Long positions above 75.52 with targets @ 76.48 & 77.35

Market Scenario 2: Short positions below 75.52 with targets @ 74.65 & 73.69

Comment: US Dollar continues trading in a range against Russian Ruble amid constantly changing sentiment in Crude oil market. Today the pair opened the trading day close to 75 Russian Rubles per 1 US Dollar.

Supports and Resistances:

R3 79.18

R2 77.35

R1 76.48

PP 75.52

S1 74.65

S2 73.69

S3 71.86


The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7097 with targets @ 0.7132 & 0.7161
Market Scenario 2: Short positions below 0.7097 with targets @ 0.7068 & 0.7033
Comment: Aussie during Friday’s session was trading under pressure closing the day in negative territory against US Dollar. Today the pair is trading more confident and have already broke through the First Resistance level and tested the Second one
Supports and Resistances:
R3 0.7196
R2 0.7161
R1 0.7132
PP 0.7097
S1 0.7068
S2 0.7033
S3 0.7004

EUR/JPY

Market Scenario 1: Long positions above 127.14 with targets @ 127.91 & 128.43
Market Scenario 2: Short positions below 127.14 with targets @ 126.62 & 125.85
Comment: European currency continued trading under pressure against Japanese Yen during Friday’s session, however, by the end of the day the pair managed to return all of the losses and even closed the day in positive territory. Today EURJPY is trading with positive bias close to the First resistance level.
Supports and Resistances:
R3 129.20
R2 128.43
R1 127.91
PP 127.14
S1 126.62
S2 125.85
S3 125.33

EUR/USD

Market Scenario 1: Long positions above 1.1265 with targets @ 1.1317 & 1.1385
Market Scenario 2: Short positions below 1.1265 with targets @ 1.1265 & 1.1145
Comment: European currency came under pressure during yesterday’s session, closing the day with almost 60 pips loss. Today the pair continues falling and currently trading close to the First Support level.
R3 1.1437
R2 1.1385
R1 1.1317
PP 1.1265
S1 1.1197
S2 1.1145
S3 1.1077

GBP/JPY

Market Scenario 1: Long positions above 163.51 with targets @ 165.37 & 166.62
Market Scenario 2: Short positions below 163.51 with targets @ 162.26 & 160.40
Comment: Sterling during Friday’s session managed to close the day in positive territory, the first positive day in 5 trading session against Japanese Yen. Today the pair continues trading with positive bias having already tested the First resistance level.
Supports and Resistances:
R3 168.48
R2 166.62
R1 165.37
PP 163.51
S1 162.26
S2 160.40
S3 159.15

GBP/USD

Market Scenario 1: Long positions above 1.4502 with targets @ 1.4561 & 1.4629
Market Scenario 2: Short positions below 1.4502 with targets @ 1.4434 & 1.4375
Comment: Sterling during Friday’s session undertook another attempt to break through the First Resistance level, however, being unable to sustain the pressure retreated, nonetheless, closing the day in positive territory against US Dollar. Today the pair is trading flat slightly above Pivot Point level
Supports and Resistances:
R3 1.4688
R2 1.4629
R1 1.4561
PP 1.4502
S1 1.4434
S2 1.4375
S3 1.4307

USD/JPY

Market Scenario 1: Long positions above 112.81 with targets @ 113.97 & 114.70
Market Scenario 2: Short positions below 112.81 with targets @ 112.08 & 110.92
Comment: US Dollar during Friday’s session managed to close the day in positive territory after four days of losses. Toda the pair continued its upward move and currently trading close to the First Resistance level.
Supports and Resistances:
R3 115.86
R2 114.70
R1 113.97
PP 112.81
S1 112.08
S2 110.92
S3 110.19

GOLD

Market Scenario 1: Long positions above 1239.23 with targets @ 1246.22 & 1255.13
Market Scenario 2: Short positions below 1239.23 with targets @ 1230.32 & 1223.33
Comment: Bullion during Friday’s session encountered selling pressure and closed the first time in 10 days in negative territory. Today gold continues moving downwards and already lost almost 30 US Dollars since Friday’s closing
Supports and Resistances:
R3 1271.03
R2 1255.13
R1 1246.22
PP 1239.23
S1 1230.32
S2 1223.33
S3 1207.43

CRUDE OIL

Market Scenario 1: Long positions above 28.52 with targets @ 30.12 & 31.23
Market Scenario 2: Short positions below 28.52 with targets @ 27.41 & 25.81
Comment: Crude oil during Friday’s session rose against US Dollar amid continued talk of an agreement between OPEC and non-OPEC members to cut the output. Today Crude oil is trading flat slightly above Pivot Point level.
Supports and Resistances:
R3 33.94
R2 31.23
R1 30.12
PP 28.52
S1 27.41
S2 25.81
S3 23.10

USD/RUB

Market Scenario 1: Long positions above 78.16 with targets @ 79.48 & 80.67
Market Scenario 2: Short positions below 78.16 with targets @ 76.97 & 75.65
Comment: The pair dropped during Friday’s session amid overall weakness of US Dollar and slightly improved prices of Crude oil. Today the pair continues trading under pressure close to the First Support level
Supports and Resistances:
R3 83.18
R2 80.67
R1 79.48
PP 78.16
S1 76.97
S2 75.65
S3 73.14

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7097 with targets @ 0.7132 & 0.7161

Market Scenario 2: Short positions below 0.7097 with targets @ 0.7068 & 0.7033

Comment: Aussie during Friday’s session was trading under pressure closing the day in negative territory against US Dollar. Today the pair is trading more confident and have already broke through the First Resistance level and tested the Second one

Supports and Resistances:

R3 0.7196

R2 0.7161

R1 0.7132

PP 0.7097

S1 0.7068

S2 0.7033

S3 0.7004


EUR/JPY

Market Scenario 1: Long positions above 127.14 with targets @ 127.91 & 128.43

Market Scenario 2: Short positions below 127.14 with targets @ 126.62 & 125.85

Comment: European currency continued trading under pressure against Japanese Yen during Friday’s session, however, by the end of the day the pair managed to return all of the losses and even closed the day in positive territory. Today EURJPY is trading with positive bias close to the First resistance level.

Supports and Resistances:

R3 129.20

R2 128.43

R1 127.91

PP 127.14

S1 126.62

S2 125.85

S3 125.33


EUR/USD

Market Scenario 1: Long positions above 1.1265 with targets @ 1.1317 & 1.1385

Market Scenario 2: Short positions below 1.1265 with targets @ 1.1265 & 1.1145

Comment: European currency came under pressure during yesterday’s session, closing the day with almost 60 pips loss. Today the pair continues falling and currently trading close to the First Support level.

R3 1.1437

R2 1.1385

R1 1.1317

PP 1.1265

S1 1.1197

S2 1.1145

S3 1.1077


GBP/JPY

Market Scenario 1: Long positions above 163.51 with targets @ 165.37 & 166.62

Market Scenario 2: Short positions below 163.51 with targets @ 162.26 & 160.40

Comment: Sterling during Friday’s session managed to close the day in positive territory, the first positive day in 5 trading session against Japanese Yen. Today the pair continues trading with positive bias having already tested the First resistance level.

Supports and Resistances:

R3 168.48

R2 166.62

R1 165.37

PP 163.51

S1 162.26

S2 160.40

S3 159.15


GBP/USD

Market Scenario 1: Long positions above 1.4502 with targets @ 1.4561 & 1.4629

Market Scenario 2: Short positions below 1.4502 with targets @ 1.4434 & 1.4375

Comment: Sterling during Friday’s session undertook another attempt to break through the First Resistance level, however, being unable to sustain the pressure retreated, nonetheless, closing the day in positive territory against US Dollar. Today the pair is trading flat slightly above Pivot Point level

Supports and Resistances:

R3 1.4688

R2 1.4629

R1 1.4561

PP 1.4502

S1 1.4434

S2 1.4375

S3 1.4307


USD/JPY

Market Scenario 1: Long positions above 112.81 with targets @ 113.97 & 114.70

Market Scenario 2: Short positions below 112.81 with targets @ 112.08 & 110.92

Comment: US Dollar during Friday’s session managed to close the day in positive territory after four days of losses. Toda the pair continued its upward move and currently trading close to the First Resistance level.

Supports and Resistances:

R3 115.86

R2 114.70

R1 113.97

PP 112.81

S1 112.08

S2 110.92

S3 110.19

GOLD

Market Scenario 1: Long positions above 1239.23 with targets @ 1246.22 & 1255.13

Market Scenario 2: Short positions below 1239.23 with targets @ 1230.32 & 1223.33

Comment: Bullion during Friday’s session encountered selling pressure and closed the first time in 10 days in negative territory. Today gold continues moving downwards and already lost almost 30 US Dollars since Friday’s closing

Supports and Resistances:

R3 1271.03

R2 1255.13

R1 1246.22

PP 1239.23

S1 1230.32

S2 1223.33

S3 1207.43


CRUDE OIL

Market Scenario 1: Long positions above 28.52 with targets @ 30.12 & 31.23

Market Scenario 2: Short positions below 28.52 with targets @ 27.41 & 25.81

Comment: Crude oil during Friday’s session rose against US Dollar amid continued talk of an agreement between OPEC and non-OPEC members to cut the output. Today Crude oil is trading flat slightly above Pivot Point level.

Supports and Resistances:

R3 33.94

R2 31.23

R1 30.12

PP 28.52

S1 27.41

S2 25.81

S3 23.10


USD/RUB

Market Scenario 1: Long positions above 78.16 with targets @ 79.48 & 80.67

Market Scenario 2: Short positions below 78.16 with targets @ 76.97 & 75.65

Comment: The pair dropped during Friday’s session amid overall weakness of US Dollar and slightly improved prices of Crude oil. Today the pair continues trading under pressure close to the First Support level

Supports and Resistances:

R3 83.18

R2 80.67

R1 79.48

PP 78.16

S1 76.97

S2 75.65

S3 73.14

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7124 with targets @ 0.7167 & 0.7225
Market Scenario 2: Short positions below 0.7124 with targets @ 0.7066 & 0.7023
Comment: Aussie during yesterday’s session having undertaken an attempt to break through the First Resistance level against the US Dollar, came under selling pressure and was sent below Pivot Point level. Today the pair continues trading with negative bias below Pivot Point level.
Supports and Resistances:
R3 0.7268
R2 0.7225
R1 0.7167
PP 0.7124
S1 0.7066
S2 0.7023
S3 0.6965

EUR/JPY

Market Scenario 1: Long positions above 127.31 with targets @ 128.00 & 128.86
Market Scenario 2: Short positions below 127.31 with targets @ 126.45 & 125.76
Comment: European currency closed yesterday’s session in negative territory against Japanese yen, having lost more than 50 pips. Today the pair continues moving downwards, trading below Pivot Point level.
Supports and Resistances:
R3 129.55
R2 128.86
R1 128.00
PP 127.31
S1 126.45
S2 125.76
S3 124.90

EUR/USD

Market Scenario 1: Long positions above 1.1153 with targets @ 1.1182 & 1.1222
Market Scenario 2: Short positions below 1.1153 with targets @ 1.1113 & 1.1084
Comment: European currency continued trading under selling pressure for the third day in a row against US Dollar, closing yesterday’s session with 30 pips loss. Today there is slight improvement in the sentiment and the pair have undertaken an attempt to break through the First Resistance level, however, the level remained firm
R3 1.1251
R2 1.1222
R1 1.1180
PP 1.1153
S1 1.1113
S2 1.1084
S3 1.1044

GBP/JPY

Market Scenario 1: Long positions above 163.89 with targets @ 165.36 & 167.53
Market Scenario 2: Short positions below 163.89 with targets @ 161.72 & 160.25
Comment: Sterling came under selling pressure during yesterday’s session and lost more than 180 pips against Japanese Yen, closing the day at 163.34. Today the pair continues trading with negative bias having fallen as low as 161.51.
Supports and Resistances:
R3 169.00
R2 167.53
R1 165.36
PP 163.89
S1 161.72
S2 160.25
S3 158.08

GBP/USD

Market Scenario 1: Long positions above 1.4364 with targets @ 1.4454 & 1.4604
Market Scenario 2: Short positions below 1.4364 with targets @ 1.4214 & 1.4124
Comment: Sterling continued trading under pressure against US Dollar, closing yesterday’s session with 130 pips loss. Today the pair dropped even further and trading close to the First Support level.
Supports and Resistances:
R3 1.4694
R2 1.4604
R1 1.4454
PP 1.4364
S1 1.4214
S2 1.4124
S3 1.3974

USD/JPY

Market Scenario 1: Long positions above 114.18 with targets @ 114.77 & 115.45
Market Scenario 2: Short positions below 114.18 with targets @ 113.50 & 112.91
Comment: US Dollar during yesterday’s session undertook an attempt to break through the First Resistance level at 114.77 against Japanese Jen, however, encountered selling pressure and was forced to retreat. Today the pair was sent to test the First Support level at 113.50, however bulls managed to defend the level
Supports and Resistances:
R3 116.04
R2 115.45
R1 114.77
PP 114.18
S1 113.50
S2 112.91
S3 112.23

GOLD

Market Scenario 1: Long positions above 1202.37 with targets @ 1214.10 & 1228.57
Market Scenario 2: Short positions below 1202.37 with targets @ 1187.90 & 1176.17
Comment: Gold has been depreciating for the third day in a row dropping as low as 1190.65, close to 15th of October’s highs. Today bullion trading more positively, close to the Pivot Point level.
Supports and Resistances:
R3 1254.77
R2 1228.57
R1 1214.10
PP 1202.37
S1 1187.90
S2 1176.17
S3 1149.97

CRUDE OIL

Market Scenario 1: Long positions above 29.76 with targets @ 30.85 & 32.59
Market Scenario 2: Short positions below 29.76 with targets @ 28.02 & 26.93
Comment: Crude oil during yesterday’s session rose to its highest level at 31.51 since 5th of February on expectation that OPEC and non OPEC will agree on output cut. However, there was only agreement between Saudi Arabia, Venezuela Qatar and Russia, to freeze production on January’s level, which in turn doesn’t solve the problem with oversupply on the market. Nonetheless, it still can be considered as a good sign. Meanwhile the crude prices dropped back as the expectations were much higher.
Supports and Resistances:
R3 35.42
R2 32.59
R1 30.85
PP 29.76
S1 28.02
S2 26.93
S3 24.10

USD/RUB

Market Scenario 1: Long positions above 76.54 with targets @ 77.19 & 77.88
Market Scenario 2: Short positions below 76.54 with targets @ 75.85 & 75.20
Comment: US Dollar, having dropped to 74.9 against the Russian rubble managed to recover and close the day in positive territory amid dropping prices of Crude oil. Today the pair is trading slightly negative as market participants digested the agreement between OPEC and Non-OPEC and treat it positively, on hope on further agreements of cutting off the output, which will support Crude oil prices.
Supports and Resistances:
R3 79.22
R2 77.88
R1 77.19
PP 76.54
S1 75.85
S2 75.20
S3 73.86

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7151 with targets @ 0.7218 & 0.7254
Market Scenario 2: Short positions below 0.7151 with targets @ 0.7115 & 0.7048
Comment: Aussie during yesterday’s session rose against US Dollar, reaching its highest level since 5th of February. Today the pair is trading under pressure below Pivot point level.
Supports and Resistances:
R3 0.7321
R2 0.7254
R1 0.7218
PP 0.7151
S1 0.7115
S2 0.7048
S3 0.7012

EUR/JPY

Market Scenario 1: Long positions above 126.98 with targets @ 127.35 & 127.75
Market Scenario 2: Short positions below 126.98 with targets @ 126.58 & 126.21
Comment: European currency continued its downwards move for the second day in a row against Japanese Yen, closing the day with 20 pips loss. Today the pair is trading under pressure and have already undertaken an attempt to break through the First Support level.
Supports and Resistances:
R3 128.12
R2 127.75
R1 127.35
PP 126.98
S1 126.58
S2 126.21
S3 125.81

EUR/USD

Market Scenario 1: Long positions above 1.1136 with targets @ 1.1168 & 1.1209
Market Scenario 2: Short positions below 1.1136 with targets @ 1.1095 & 1.1063
Comment: European currency during yesterday’s session continued its downwards move for the third day in a row against US Dollar, closing the session 1.112. Today the pair is trading flat ahead of US unemployment claims.
R3 1.1241
R2 1.1209
R1 1.1168
PP 1.1136
S1 1.1095
S2 1.1063
S3 1.1022

GBP/JPY

Market Scenario 1: Long positions above 162.82 with targets @ 164.09 & 165.14
Market Scenario 2: Short positions below 162.82 with targets @ 161.77 & 160.50
Comment: Sterling during yesterday’s session was sent to test the first Support level at 1.6165 against Japanese Yen, however, the level withheld the pressure and the pair retracted above Pivot Point level. Today GBPJPY continues trading under pressure slightly below Pivot Point level.
Supports and Resistances:
R3 166.41
R2 165.14
R1 164.09
PP 162.82
S1 161.77
S2 160.50
S3 159.45

GBP/USD

Market Scenario 1: Long positions above 1.4288 with targets @ 1.4343 & 1.4392
Market Scenario 2: Short positions below 1.4288 with targets @ 1.4239 & 1.4184
Comment: Sterling during yesterday’s session closed the third day in a row in negative territory against US Dollar. Today the pair is trading with positive bias slightly above Pivot Point level.
Supports and Resistances:
R3 1.4447
R2 1.4392
R1 1.4343
PP 1.4288
S1 1.4239
S2 1.4184
S3 1.4135

USD/JPY

Market Scenario 1: Long positions above 113.98 with targets @ 114.59 & 115.11
Market Scenario 2: Short positions below 113.98 with targets @ 113.46 & 112.85
Comment: US Dollar for the second day was sent to test the First Support level at 113.46, however, the level rained firm and the pair closed the session above Pivot Point level. Today the pair continues trading under selling pressure close to the First Support level.
Supports and Resistances:
R3 115.72
R2 115.11
R1 114.59
PP 113.98
S1 113.46
S2 112.85
S3 112.33

GOLD

Market Scenario 1: Long positions above 1205.72 with targets @ 1215.94 & 1223.80
Market Scenario 2: Short positions below 1205.72 with targets @ 1197.86 & 1187.64
Comment: Gold during yesterday’s session managed to close the day in positive territory after three days of losses. Today bullion is trading calm above psychologically important level of 1200 US Dollars per troy ounce.
Supports and Resistances:
R3 1241.88
R2 1223.80
R1 1215.94
PP 1205.72
S1 1197.86
S2 1187.64
S3 1169.56

CRUDE OIL

Market Scenario 1: Long positions above 30.53 with targets @ 32.35 & 33.29
Market Scenario 2: Short positions below 30.53 with targets @ 29.59 & 27.77
Comment: Crude oil rose during yesterday’s session on agreement among Saudi Arabia, Qatar, Venezuela and Russia, to freeze production on January levels. However, there are still obstacles within OPEC as not all the members agree to freeze production such as Iran, for which sanctions has been lifted recently.
Supports and Resistances:
R3 36.05
R2 33.29
R1 32.35
PP 30.53
S1 29.59
S2 27.77
S3 25.01

USD/RUB

Market Scenario 1: Long positions above 74.99 with targets @ 76.36 & 78.68
Market Scenario 2: Short positions below 74.99 with targets @ 72.67 & 71.30
Comment: US Dollar during yesterday’s session dropped against Russian Ruble, closing the session with 3 rubbles loss. Today the pair is trading calm close it its 29th of January’s lows.
Supports and Resistances:
R3 82.37
R2 78.68
R1 76.36
PP 74.99
S1 72.67
S2 71.30
S3 67.61

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

Technical Analysis 04/03/2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7334 with targets @ 0.7389 & 0.7427

Market Scenario 2: Short positions below 0.7334 with targets @ 0.7296 & 0.7241

Comment: Aussie during yesterday’ session continued its upwards move against US Dollar, reaching a fresh new high at 0.7374, the highest level since 4th of December 2015. Today the pair continues trading with positive bias above Pivot Point level

Supports and Resistances:

R3 0.7482

R2 0.7427

R1 0.7389

PP 0.7334

S1 0.7296

S2 0.7241

S3 0.7203

EUR/JPY

Market Scenario 1: Long positions above 124.13 with targets @ 125.02 & 125.47

Market Scenario 2: Short positions below 124.13 with targets @ 123.68 & 122.79

Comment: European currency during yesterday’s session rose against Japanese Yen, closing the day with more than 100 pips profit. Today the pair continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 126.36

R2 125.47

R1 125.02

PP 124.13

S1 123.68

S2 122.79

S3 122.34

EUR/USD

Market Scenario 1: Long positions above 1.0927 with targets @ 1.1000 & 1.1046

Market Scenario 2: Short positions below 1.0927 with targets @ 1.0881 & 1.0808

Comment: European currency during yesterday’s session significantly grew against US Dollar, closing the day with 80 pips profit. Today the pair is trading flat slightly above Pivot Point level and ahead of US Non-Farm Employment Change.

R3 1.1119

R2 1.1046

R1 1.1000

PP 1.0927

S1 1.0881

S2 1.0808

S3 1.0762

GBP/JPY

Market Scenario 1: Long positions above 160.68 with targets @ 161.72 & 162.33

Market Scenario 2: Short positions below 160.68 with targets @ 160.07 & 159.03

Comment: Sterling during yesterday’s session managed to close third day in a row in positive territory against Japanese Yen at 161.12, the highest level since 19th of February. Today the pair continues trading with positive bias close to the First Resistance Level.

Supports and Resistances:

R3 163.37

R2 162.33

R1 161.72

PP 160.68

S1 160.07

S2 159.03

S3 158.42



GBP/USD

Market Scenario 1: Long positions above 1.4132 with targets @ 1.4232 & 1.4293

Market Scenario 2: Short positions below 1.4132 with targets @ 1.4071 & 1.3971

Comment: Sterling during yesterday’s session recorded 4th day in a row in positive territory against US Dollar, closing the day with 100 pips profit. Today the pair is trading calmly ahead of US Non-Farm Employment Change figures.

Supports and Resistances:

R3 1.4393

R2 1.4293

R1 1.4232

PP 1.4132

S1 1.4071

S2 1.3971

S3 1.3910



USD/JPY

Market Scenario 1: Long positions above 113.74 with targets @ 114.20 & 114.71

Market Scenario 2: Short positions below 113.74 with targets @ 113.23 & 112.77

Comment: US Dollar during yesterday’s session undertook another attempt to break through its Wednesday’s highs, however, encountered selling pressure retreated, closing the session with a small profit against Japanese Yen. Today the pair continues trading with positive bias slightly above Pivot Point level.

Supports and Resistances:

R3 115.17

R2 114.71

R1 114.20

PP 113.74

S1 113.23

S2 112.77

S3 112.26

GOLD

Market Scenario 1: Long positions above 1256.42 with targets @ 1275.64 & 1287.32

Market Scenario 2: Short positions below 1256.42 with targets @ 1244.74 & 1225.52

Comment: Gold during yesterday’s session managed eventually to break through Its highest level at 1263.20 and climb above it closing the day at 163.96. Today bullion continues trading with positive bias against US Dollar above Pivot point level.

Supports and Resistances

R3 1318.22

R2 1287.32

R1 1275.64

PP 1256.42

S1 1244.74

S2 1225.52

S3 1194.62



CRUDE OIL

Market Scenario 1: Long positions above 34.71 with targets @ 35.26 & 35.84

Market Scenario 2: Short positions below 34.71 with targets @ 34.13 & 33.58

Comment: Crude oil during yesterday’s session was trading flat, closing the day almost unchanged. Today Crude continues trading in a range ahead of US Non-Farm Employment change.

Supports and Resistances:

R3 36.97

R2 35.84

R1 35.26

PP 34.71

S1 34.13

S2 33.58

S3 32.45



USD/RUB

Market Scenario 1: Long positions above 72.70 with targets @ 74.12 & 76.08

Market Scenario 2: Short positions below 72.70 with targets @ 70.74 & 69.32

Comment: US dollar continued trading under pressure against Russian Ruble amid improved prices of Crude Oil. Currently the pair is trading slightly above 72 Russian Rubles per US Dollar.

Supports and Resistances:

R3 79.46

R2 76.08

R1 74.12

PP 72.70

S1 70.74

S2 69.32

S3 65.94



The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7475 with targets @ 0.7537 & 0.7590

Market Scenario 2: Short positions below 0.7475 with targets @ 0.7422 & 0.7360

Comment: Aussie during yesterday’s session rose against US Dollar, reaching a new high at 0.7527the highest level since 7th of March 2015. Today the pair is trading slightly under pressure blow Pivot point level

Supports and Resistances:

R3 0.7652

R2 0.7590

R1 0.7537

PP 0.7475

S1 0.7422

S2 0.7360

S3 0.7307

EUR/JPY

Market Scenario 1: Long positions above 124.20 with targets @ 125.34 & 126.03

Market Scenario 2: Short positions below 124.20 with targets @ 123.51 & 122.37

Comment: European currency during yesterday’s session rose against Japanese Yen, closing the day in positive territory for the first time in 3 sessions. Today the pair is trading flat, slightly above Pivot Point level.

Supports and Resistances:

R3 127.17

R2 126.03

R1 125.34

PP 124.20

S1 123.51

S2 122.37

S3 121.68

EUR/USD

Market Scenario 1: Long positions above 1.0993 with targets @ 1.1040 & 1.1082

Market Scenario 2: Short positions below 1.0993 with targets @ 1.0951 & 1.0904

Comment: European currency during yesterday’s session was trading under pressure against US Dollar, however, managed to close the day almost unchanged. Today EURUSD continues trading with negative bias close to the First Support level.

R3 1.1129

R2 1.1082

R1 1.1040

PP 1.0993

S1 1.0951

S2 1.0904

S3 1.0862

GBP/JPY

Market Scenario 1: Long positions above 160.64 with targets @ 161.80 & 162.51

Market Scenario 2: Short positions below 160.64 with targets @ 159.93 & 158.77

Comment: Sterling during yesterday’s session rose against Japanese Yen, managing to return almost all of the losses incurred in the preceding trading session. Today the pair is trading calm slightly above Pivot Point level.

Supports and Resistances:

R3 163.67

R2 162.51

R1 161.80

PP 160.64

S1 159.93

S2 158.77

S3 158.06



GBP/USD

Market Scenario 1: Long positions above 1.4211 with targets @ 1.4244 & 1.4274

Market Scenario 2: Short positions below 1.4211 with targets @ 1.4181 & 1.4148

Comment: Sterling during yesterday’s session was trading flat, closing the day unchanged against US Dollar. Today the pair is trading slightly with negative bias close to the Pivot Point level

Supports and Resistances:

R3 1.4307

R2 1.4274

R1 1.4244

PP 1.4211

S1 1.4181

S2 1.4148

S3 1.4118



USD/JPY

Market Scenario 1: Long positions above 113.00 with targets @ 113.78 & 114.23

Market Scenario 2: Short positions below 113.00 with targets @ 112.55 & 111.77

Comment: US Dollar during yesterday’s session rose against Japanese Yen, closing the day with more than 60 pips profit. Today the pair continues its upwards move trading above the First Resistance level.

Supports and Resistances:

R3 115.01

R2 114.23

R1 113.78

PP 113.00

S1 112.55

S2 111.77

S3 111.32


GOLD

Market Scenario 1: Long positions above 1256.42 with targets @ 1275.64 & 1287.32

Market Scenario 2: Short positions below 1256.42 with targets @ 1244.74 & 1225.52

Comment: Gold during yesterday’s session continued trading under pressure, closing second day in a row in negative territory. Today bullion trading with negative bias close to 1250 US Dollar per Troy ounce.

Supports and Resistances

R3 1297.49

R2 1275.41

R1 1263.93

PP 1253.33

S1 1241.85

S2 1231.25

S3 1209.17


CRUDE OIL

Market Scenario 1: Long positions above 37.62 with targets @ 39.03 & 39.89

Market Scenario 2: Short positions below 37.62 with targets @ 36.76 & 35.35

Comment: Crude during yesterday’s session managed to return all the losses incurred on Tuesday, closing the day at 38.16 its highest closing price since 3rd of December 2015. Today Crude is trading flat close to its highs.

Supports and Resistances:

R3 42.16

R2 39.89

R1 39.03

PP 37.62

S1 36.76

S2 35.35

S3 33.08


USD/RUB

Market Scenario 1: Long positions above 70.61 with targets @ 71.49 & 72.91

Market Scenario 2: Short positions below 70.61 with targets @ 69.19 & 68.31

Comment: US dollar during yesterday’s session lost everything it managed to earn in the preceding session against Russian Ruble, closing the day at 70.07. Today the pair dropped even further, reaching a fresh new low at 69.23.

Supports and Resistances:

R3 75.21

R2 72.91

R1 71.49

PP 70.61

S1 69.19

S2 68.31

S3 66.01



The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

Technical Analysis 15/03/2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7533 with targets @ 0.7573 & 0.7634

Market Scenario 2: Short positions below 0.7533 with targets @ 0.7472 & 0.7432

Comment: Aussie having reached a new high at 0.7593 against US Dollar encountered selling pressure and dropped, closing the session with 36 pips loss. Today the pair continues moving downwards having already reached the first Support level.

Supports and Resistances:

R3 0.7674

R2 0.7634

R1 0.7573

PP 0.7533

S1 0.7472

S2 0.7432

S3 0.7371

EUR/JPY

Market Scenario 1: Long positions above 126.52 with targets @ 127.67 & 128.78

Market Scenario 2: Short positions below 126.52 with targets @ 124.54 & 122.52

Comment: European currency during yesterday’s session came under selling pressure against Japanese Yen and closed the day with 60 pips loss. Today the pair continues its downwards move having already lost more than 80 pips and currently trading close to the Second Support level.

Supports and Resistances:

R3 128.06

R2 127.60

R1 126.98

PP 126.52

S1 125.90

S2 125.44

S3 124.82

EUR/USD

Market Scenario 1: Long positions above 1.1118 with targets @ 1.1160 & 1.1217

Market Scenario 2: Short positions below 1.1118 with targets @ 1.1061 & 1.1019

Comment: European currency since it rose on comments of ECB President Mario Draghi has been trading under pressure against US Dollar, slowly giving back the profit. During yesterday’s session the pair lost almost 90 pips. Today the pair continues trading under pressure

R3 1.1259

R2 1.1217

R1 1.1160

PP 1.1118

S1 1.1061

S2 1.1019

S3 1.0962

GBP/JPY

Market Scenario 1: Long positions above 163.10 with targets @ 163.61 & 164.48

Market Scenario 2: Short positions below 163.10 with targets @ 162.23 & 161.72

Comment: Sterling during yesterday’s session dropped against Japanese Yen, closing the session with 75 pips loss. Today the pair was drastically sold-off since the start of the day, having lost more than 200 pips and broken all support levels.

Supports and Resistances:

R3 164.99

R2 164.48

R1 163.61

PP 163.10

S1 162.23

S2 161.72

S3 160.85

GBP/USD

Market Scenario 1: Long positions above 1.4327 with targets @ 1.4362 & 1.4436

Market Scenario 2: Short positions below 1.4237 with targets @ 1.4158 & 1.4038

Comment: Having reached its highest level at 1.4438 on Friday’s session, sterling came under selling pressure and lost during Monday’s session almost 80 pips against US Dollar. Today the pair continues its downwards move having lost more than 120 pips since the opening of the day.

Supports and Resistances:

R3 1.4460

R2 1.4425

R1 1.4362

PP 1.4327

S1 1.4264

S2 1.4229

S3 1.4166

USD/JPY

Market Scenario 1: Long positions above 113.77 with targets @ 114.03 & 114.27

Market Scenario 2: Short positions below 113.77 with targets @ 113.53 & 113.27

Comment: US Dollar during yesterday’s session was trading flat against Japanese Yen, closing the day with slight profit. Today, however, the pair came under pressure having already lost more than 70 pips since opening of the day.

Supports and Resistances:

R3 114.53

R2 114.27

R1 114.03

PP 113.77

S1 113.53

S2 113.27

S3 113.03

GOLD

Market Scenario 1: Long positions above 1239.45 with targets @ 1252.02 & 1271.28

Market Scenario 2: Short positions below 1239.45 with targets @ 1220.19 & 1207.62

Comment: Bullion during yesterday’s session continued falling against US Dollar, closing the day at 1232.76 US Dollar per ounce. Today Gold continues trading under pressure having reached a new low at 1223.23, the lowest level since 29th of February.

Supports and Resistances

R3 1303.11

R2 1271.28

R1 1252.02

PP 1239.45

S1 1220.19

S2 1207.62

S3 1175.79

CRUDE OIL

Market Scenario 1: Long positions above 37.48 with targets @ 38.31 & 39.26

Market Scenario 2: Short positions below 37.48 with targets @ 36.53 & 35.70

Comment: Crude Oil dropped during Monday’s session amid Iraq comments that they will increase their production first before joining talks on a production freeze. Amid this news Crude lost during yesterday’s session almost a dollar. Today crude dropped even further having already reached 36.09 per barrel.

Supports and Resistances:

R3 41.04

R2 39.26

R1 38.31

PP 37.48

S1 36.53

S2 35.70

S3 33.92

USD/RUB

Market Scenario 1: Long positions above 69.03 with targets @ 69.76 & 71.22

Market Scenario 2: Short positions below 69.03 with targets @ 67.57 & 66.84

Comment: US dollar during Friday’s session reached its lowest level against Russian Ruble at 68.30. However, today US Dollar is trading with positive bias against Rubble amid drop in oil prices which put pressure on Russian ruble.

Supports and Resistances:

R3 73.41

R2 71.22

R1 69.76

PP 69.03

S1 67.57

S2 66.84

S3 64.65

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

Technical Analysis 16/03/2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7476 with targets @ 0.7508 & 0.7559

Market Scenario 2: Short positions below 0.7476 with targets @ 0.7425 & 0.7393

Comment: Aussie during yesterday’s session continued moving downwards, closing the day with 6o pips loss against US Dollar. Today the pair continues trading under pressure slightly below Pivot Point level.

Supports and Resistances:

R3 0.7591

R2 0.7559

R1 0.7508

PP 0.7476

S1 0.7425

S2 0.7393

S3 0.7342

EUR/JPY

Market Scenario 1: Long positions above 125.82 with targets @ 126.55 & 127.39

Market Scenario 2: Short positions below 125.82 with targets @ 124.98 & 124.25

Comment: European currency during yesterday’s session continued falling against Japanese Yen for the second day in a row, closing the session with 70 pips loss. Today the pair is trading with positive bias slightly above Pivot Point level.

Supports and Resistances:

R3 128.12

R2 127.39

R1 126.55

PP 125.82

S1 124.98

S2 124.25

S3 123.41

EUR/USD

Market Scenario 1: Long positions above 1.1101 with targets @ 1.1132 & 1.1154

Market Scenario 2: Short positions below 1.1101 with targets @ 1.1079 & 1.1048

Comment: European currency during yesterday’s session was trading flat, closing the day almost unchanged against US Dollar. However, today the pair renewed its downwards move and its already down 20 pips since opening of the day.

R3 1.1185

R2 1.1154

R1 1.1132

PP 1.1101

S1 1.1079

S2 1.1048

S3 1.1026

GBP/JPY

Market Scenario 1: Long positions above 160.84 with targets @ 162.16 & 164.19

Market Scenario 2: Short positions below 160.84 with targets @ 158.81 & 157.49

Comment: Sterling during yesterday’s session was sold-off against Japanese Yen, closing the session with more than 230 pips loss. Today the pair is trading flat close to its opening price.

Supports and Resistances:

R3 165.51

R2 164.19

R1 162.16

PP 160.84

S1 158.81

S2 157.49

S3 155.46

GBP/USD

Market Scenario 1: Long positions above 1.4197 with targets @ 1.4257 & 1.4364

Market Scenario 2: Short positions below 1.4197 with targets @ 1.4090 & 1.4030

Comment: Sterling during yesterday’s session continued falling against US Dollar, closing the day with record loss of 140 pips. Today the pair remain trading under pressure close to the First Support level.

Supports and Resistances:

R3 1.4424

R2 1.4364

R1 1.4257

PP 1.4197

S1 1.4090

S2 1.4030

S3 1.3923

USD/JPY

Market Scenario 1: Long positions above 113.29 with targets @ 113.97 & 114.77

Market Scenario 2: Short positions below 113.29 with targets @ 112.49 & 111.81

Comment: US Dollar during yesterday’s session came under selling pressure against Japanese Yen, closing the day with 60 pips loss. However, today the pair is trading with positive bias having managed to return almost all of its yesterday’s losses

Supports and Resistances:

R3 115.45

R2 114.77

R1 113.97

PP 113.29

S1 112.49

S2 111.81

S3 111.01

GOLD

Market Scenario 1: Long positions above 1231.97 with targets @ 1238.51 & 1244.56

Market Scenario 2: Short positions below 1231.97 with targets @ 1225.92 & 1219.38

Comment: Gold continued its downwards move for the third day in a row, closing yesterday’s session at 1232.46. Today bullion is trading almost unchanged ahead of FOMC press conference and Federal Funds rate decision.

Supports and Resistances

R3 1257.15

R2 1244.56

R1 1238.51

PP 1231.97

S1 1225.92

S2 1219.38

S3 1206.79

CRUDE OIL

Market Scenario 1: Long positions above 36.74 with targets @ 37.54 & 38.18

Market Scenario 2: Short positions below 36.74 with targets @ 36.10 & 35.30

Comment: Crude oil during yesterday’s session dropped to 35.94 US dollar per barrel, however, by the end of the day managed to recover some of its losses. Today crude is trading relatively flat, awaiting US Crude oil inventories announcement.

Supports and Resistances:

R3 39.62

R2 38.18

R1 37.54

PP 36.74

S1 36.10

S2 35.30

S3 33.86

USD/RUB

Market Scenario 1: Long positions above 69.68 with targets @ 70.57 & 71.28

Market Scenario 2: Short positions below 69.68 with targets @ 68.97 & 68.08

Comment: US dollar during yesterday’s session rose against Russian Ruble, closing the session at 69.85. Today the pair is trading flat ahead of US Crude oil inventories and FOMC statement.

Supports and Resistances:

R3 72.88

R2 71.28

R1 70.57

PP 69.68

S1 68.97

S2 68.08

S3 66.48






The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

Technical Analysis 17/03/2016

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7508 with targets @ 0.7603 & 0.7654

Market Scenario 2: Short positions below 0.7508 with targets @ 0.7457 & 0.7362

Comment: Having dropped to 0.7413 Aussie found support and rose against US Dollar, closing the session with 70 pips profit. Today the pair continues trading with positive having broken through the first Resistance level and heading towards the second one amid improved unemployment figures which went from 6.0% to 5.8%.

Supports and Resistances:

R3 0.7749

R2 0.7654

R1 0.7603

PP 0.7508

S1 0.7457

S2 0.7362

S3 0.7311

EUR/JPY

Market Scenario 1: Long positions above 126.11 with targets @ 126.67 & 127.02

Market Scenario 2: Short positions below 126.11 with targets @ 125.76 & 125.20

Comment: European currency during yesterday’s session rose against Japanese yen, closing the day with 66 pips profit. Today the pair came under selling pressure and was sent below Pivot Point threshold to test the First support level.

Supports and Resistances:

R3 127.58

R2 127.02

R1 126.67

PP 126.11

S1 125.76

S2 125.20

S3 124.85

EUR/USD

Market Scenario 1: Long positions above 1.1174 with targets @ 1.1290 & 1.1358

Market Scenario 2: Short positions below 1.1174 with targets @ 1.1106 & 1.0990

Comment: European currency during yesterday’s session rose against US Dollar amid dovish comments of FED Reserve Chairman Yelena, reaching its highest level at 1.1241, the highest level since 12th of February 2016. Today the pair continues moving upwards reaching a new high at 1.280

R3 1.1474

R2 1.1358

R1 1.1290

PP 1.1174

S1 1.1106

S2 1.0990

S3 1.0922

GBP/JPY

Market Scenario 1: Long positions above 160.35 with targets @ 161.07 & 161.62

Market Scenario 2: Short positions below 160.35 with targets @ 159.80 & 159.80

Comment: Sterling during yesterday’s session was trading flat, closing the session almost unchanged against Japanese Yen. However, today the pair came under pressure and was sent below the First Support level and currently testing the second one.

Supports and Resistances:

R3 162.34

R2 161.62

R1 161.07

PP 160.35

S1 159.80

S2 159.08

S3 158.53

GBP/USD

Market Scenario 1: Long positions above 1.4196 with targets @ 1.4339 & 1.4417

Market Scenario 2: Short positions below 1.4196 with targets @ 1.4118 & 1.3975

Comment: Having dropped to 1.4050 the lowest level since 3rd of March, Sterling managed to find some solid ground and rose against US Dollar amid dovish comments of FED Reserve. Today the pair continues its upwards move heading towards the First Resistance level at 1.4339

Supports and Resistances:

R3 1.4560

R2 1.4417

R1 1.4339

PP 1.4196

S1 1.4118

S2 1.3975

S3 1.3897

USD/JPY

Market Scenario 1: Long positions above 112.89 with targets @ 113.47 & 114.38

Market Scenario 2: Short positions below 112.89 with targets @ 111.98 & 111.40

Comment: US dollar during yesterday’s session continued falling against Japanese yen, closing second day in a row in negative territory. Today the pair dropped even further having already incurred a loss of 120 pips since the opening of the session.

Supports and Resistances:

R3 114.96

R2 114.38

R1 113.47

PP 112.89

S1 111.98

S2 111.40

S3 110.49

GOLD

Market Scenario 1: Long positions above 1250.03 with targets @ 1273.55 & 1287.33

Market Scenario 2: Short positions below 1250.03 with targets @ 1236.25 & 1212.73

Comment: Gold during yesterday’s session rose against US dollar, closing the session with 27 US Dollar profit per troy ounce. Today bullion continues its upwards move moving towards its recent highs of 1284.16.

Supports and Resistances

R3 1324.63

R2 1287.33

R1 1273.55

PP 1250.03

S1 1236.25

S2 1212.73

S3 1175.43

CRUDE OIL

Market Scenario 1: Long positions above 37.93 with targets @ 39.28 & 40.03

Market Scenario 2: Short positions below 37.93 with targets @ 37.18 & 35.83

Comment: Crude oil during yesterday’s session rose against US Dollar amid dovish comments of Federal Reserve and US Inventories increased less that analysts anticipated. Today Crude oil appreciate even further, reaching a fresh new high at 39.61, the highest level since 4th of December 2015

Supports and Resistances:

R3 42.13

R2 40.03

R1 39.28

PP 37.93

S1 37.18

S2 35.83

S3 33.73

USD/RUB

Market Scenario 1: Long positions above 68.75 with targets @ 69.69 & 71.18

Market Scenario 2: Short positions below 68.75 with targets @ 67.26 & 66.32

Comment: US dollar during yesterday’s session continued trading under pressure against Russian Ruble amid dovish comments of FED Reserve and improved prices of Crude oil. Today the pair continues its downwards move reaching a fresh low at 67.03

Supports and Resistances:

R3 73.61

R2 71.18

R1 69.69

PP 68.75

S1 67.26

S2 66.32

S3 63.89





The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7624 with targets @ 0.7654 & 0.7710

Market Scenario 2: Short positions below 0.7624 with targets @ 0.7568 & 0.7538

Comment: Having reached a new high at 0.7661, Aussie came under selling pressure and dropped against US Dollar, closing the day with 60 pips loss. Today the pair continues trading under pressure close to the First Support level.

Supports and Resistances:

R3 0.7740

R2 0.7710

R1 0.7654

PP 0.7624

S1 0.7568

S2 0.7538

S3 0.7482

EUR/JPY

Market Scenario 1: Long positions above 125.71 with targets @ 126.16 & 126.64

Market Scenario 2: Short positions below 125.71 with targets @ 125.23 & 124.78

Comment: European currency during Friday’s session continued trading with negative bias, closing second day in a row with a loss against Japanese Yen. Today the pair remains trading under pressure having already lost 40 pips since the session opened.

Supports and Resistances:

R3 127.09

R2 126.64

R1 126.16

PP 125.71

S1 125.23

S2 124.78

S3 124.30

EUR/USD

Market Scenario 1: Long positions above 1.1288 with targets @ 1.1371 & 1.1426

Market Scenario 2: Short positions below 1.1288 with targets @ 1.1233 & 1.1150

Comment: European currency during Friday’s session came under selling pressure and dropped against US Dollar, closing the day in negative territory. Today the pair continues trading with negative bias below Pivot Point level.

R3 1.1397

R2 1.1367

R1 1.1317

PP 1.1287

S1 1.1237

S2 1.1207

S3 1.1157

GBP/JPY

Market Scenario 1: Long positions above 161.17 with targets @ 162.00 & 162.60

Market Scenario 2: Short positions below 161.17 with targets @ 160.57 & 159.74

Comment: Sterling during Friday’s session rose against Japanese Yen for the third day in a row, closing the day with 50 pips profit. However, today the pair came under selling pressure and has been sent below Pivot point and First Support levels

Supports and Resistances:

R3 163.43

R2 162.60

R1 162.00

PP 161.17

S1 160.57

S2 159.74

S3 159.14

GBP/USD

Market Scenario 1: Long positions above 1.4466 with targets @ 1.4521 & 1.4569

Market Scenario 2: Short positions below 1.4466 with targets @ 1.4418 & 1.4363

Comment: Sterling during yesterday’s session reached a new high against US Dollar at 1.4514 however, encountered selling pressure retreated, closing the session below psychologically important level of 1.45. Today the pair continues trading under pressure having already lost 80 pips since the opening of the session.

Supports and Resistances:

R3 1.4624

R2 1.4569

R1 1.4521

PP 1.4466

S1 1.4418

S2 1.4363

S3 1.4315

USD/JPY

Market Scenario 1: Long positions above 111.36 with targets @ 111.92 & 112.30

Market Scenario 2: Short positions below 111.36 with targets @ 110.98 & 110.42

Comment: After being sold off on Thursday, the US Dollar was trading flat during Friday’s session against Japanese Yen, closing the session slightly in profit. Today the pair continues trading in a range with an empty news calendar for today.

Supports and Resistances:

R3 112.86

R2 112.30

R1 111.92

PP 111.36

S1 110.98

S2 110.42

S3 110.04

GOLD

Market Scenario 1: Long positions above 1256.01 with targets @ 1264.39 & 1273.76

Market Scenario 2: Short positions below 1256.01 with targets @ 1246.64 & 1238.26

Comment: Gold during yesterday’s session fell against US Dollar, closing the day with 7 US Dollars loss. Today bullion continues trading under pressure having lost more than 13 US Dollars since the beginning of the session.

Supports and Resistances

R3 1291.51

R2 1273.76

R1 1264.39

PP 1256.01

S1 1246.64

S2 1238.26

S3 1220.51

CRUDE OIL

Market Scenario 1: Long positions above 39.88 with targets @ 40.63 & 41.93

Market Scenario 2: Short positions below 39.88 with targets @ 38.58 & 37.83

Comment: Crude oil having reached a new high at 41.18 on Friday’ session came under selling pressure and dropped closing the day below psychologically important level of 40 US Dollars per barrel. Today Crude dropped even further and has already reached the Frist Support level at 38.58.

Supports and Resistances:

R3 43.98

R2 41.93

R1 40.63

PP 39.88

S1 38.58

S2 37.83

S3 35.78

USD/RUB

Market Scenario 1: Long positions above 67.12 with targets @ 67.96 & 68.57

Market Scenario 2: Short positions below 67.12 with targets @ 66.51 & 65.67

Comment: US Dollar during Friday’s session managed to close the day in positive territory against Russian Ruble amid deteriorating Crude oil price. Today the pair is trading with positive bias having already undertaken an attempt to break through the First Resistance level.

Supports and Resistances:

R3 70.02

R2 68.57

R1 67.96

PP 67.12

S1 66.51

S2 65.67

S3 64.22

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.
AUD/USD

Market Scenario 1: Long positions above 0.7590 with targets @ 0.7612 & 0.7648

Market Scenario 2: Short positions below 0.7590 with targets @ 0.7554 & 0.7532

Comment: Aussie during yesterday’ was trading under pressure against US Dollar, closing the day in negative territory. Today the pair is trading with positive bias, having managed to climb above Pivot Point level.

Supports and Resistances:

R3 0.7670

R2 0.7648

R1 0.7612

PP 0.7590

S1 0.7554

S2 0.7532

S3 0.7496

EUR/JPY

Market Scenario 1: Long positions above 125.71 with targets @ 126.16 & 126.64

Market Scenario 2: Short positions below 125.71 with targets @ 125.23 & 124.78

Comment: European currency during yesterday’s session was trading with positive bias against Japanese Yen, closing the day in positive territory. However, today the pair came under selling pressure having already broken through Pivot point level and currently testing the First Support level.

Supports and Resistances:

R3 127.05

R2 126.56

R1 126.20

PP 125.71

S1 125.35

S2 124.86

S3 124.50

EUR/USD

Market Scenario 1: Long positions above 1.1253 with targets @ 1.1271 & 1.1303

Market Scenario 2: Short positions below 1.1253 with targets @ 1.1221 & 1.1203

Comment: European currency during yesterday’s session was trading under pressure against US Dollar, closing the day with 40 pips loss. Today the pair continues trading with negative bias, having already reached the First Support level.

R3 1.1321

R2 1.1303

R1 1.1271

PP 1.1253

S1 1.1221

S2 1.1203

S3 1.1171

GBP/JPY

Market Scenario 1: Long positions above 160.77 with targets @ 161.42 & 162.00

Market Scenario 2: Short positions below 160.77 with targets @ 160.19 & 159.54

Comment: Sterling during yesterday’s session was trading under pressure, however, managed to close the day almost unchanged against Japanese Yen. Nonetheless, today the selling pressure has intensified and the pair has already been sent below both support levels and heading towards the last one.

Supports and Resistances:

R3 162.65

R2 162.00

R1 161.42

PP 160.77

S1 160.19

S2 159.54

S3 158.96

GBP/USD

Market Scenario 1: Long positions above 1.4399 with targets @ 1.4434 & 1.4501

Market Scenario 2: Short positions below 1.4399 with targets @ 1.4332 & 1.4297

Comment: Sterling during yesterday’s session came under selling pressure close to its recent highs against US Dollar and dropped, closing the day with almost 100 pips loss. Today the pair continues trading under pressure having broken through both Support levels.

Supports and Resistances:

R3 1.4536

R2 1.4501

R1 1.4434

PP 1.4399

S1 1.4332

S2 1.4297

S3 1.4230

USD/JPY

Market Scenario 1: Long positions above 111.71 with targets @ 112.21 & 112.47

Market Scenario 2: Short positions below 111.36 with targets @ 110.98 & 110.42

Comment: US Dollar during yesterday’s session rose against Japanese Yen, closing the day in profit against Japanese Yen. However, today the pair came under selling pressure and lost almost everything it managed to gain in the preceding trading session.

Supports and Resistances:

R3 112.97

R2 112.47

R1 112.21

PP 111.71

S1 111.45

S2 110.95

S3 110.69

GOLD

Market Scenario 1: Long positions above 1246.73 with targets @ 1252.80 & 1261.85

Market Scenario 2: Short positions below 1246.73 with targets @ 1237.68 & 1231.61

Comment: Gold during yesterday’s session continued falling against US Dollar, closing second day in a row in negative territory. Today Bullion undertook an attempt to break through the First and Second Resistance levels, however encountered selling pressure retreated to Pivot Point level.

Supports and Resistances

R3 1276.97

R2 1261.85

R1 1252.80

PP 1246.73

S1 1237.68

S2 1231.61

S3 1216.49

CRUDE OIL

Market Scenario 1: Long positions above 39.59 with targets @ 40.58 & 41.28

Market Scenario 2: Short positions below 39.59 with targets @ 38.89 & 37.90

Comment: Crude oil during yesterday’s session rose against US Dollar closing the session almost at 40 US Dollars a barrel. Today Crude opened higher well above 40 US Dollar per Barrel amid change in the futures contracts from April’s to May’s contract.

Supports and Resistances:

R3 42.97

R2 41.28

R1 40.58

PP 39.59

S1 38.89

S2 37.90

S3 36.21

USD/RUB

Market Scenario 1: Long positions above 67.12 with targets @ 67.96 & 68.57

Market Scenario 2: Short positions below 67.12 with targets @ 66.51 & 65.67

Comment: US Dollar continued depreciating against Russian ruble, closing the session at 66.70 its record low since 2nd of December 2015. Today the pair is trading slightly with positive bias. However, remains below Pivot Point Level.

Supports and Resistances:

R3 70.02

R2 68.57

R1 67.96

PP 67.12

S1 66.51

S2 65.67

S3 64.22

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7604 with targets @ 0.7658 & 0.7695

Market Scenario 2: Short positions below 0.7604 with targets @ 0.7567 & 0.7513

Comment: Aussie during yesterday’s session rose against US Dollar, closing the day with 30 pips profit. Today the pair undertaken an attempt to break through the First resistance level, however, encountered selling pressure retreated. The pair is currently trading slightly below Pivot Point level.

Supports and Resistances:

R3 0.7749

R2 0.7695

R1 0.7658

PP 0.7604

S1 0.7567

S2 0.7513

S3 0.7476

EUR/JPY

Market Scenario 1: Long positions above 125.65 with targets @ 126.63 & 127.25

Market Scenario 2: Short positions below 125.65 with targets @ 125.03 & 124.05

Comment: European currency during yesterday’s session came under selling pressure and was sent as low as 124.65 against Japanese Yen, however, gathered strength and managed to recover, closing the day almost unchanged. Today the pair continues trading with negative bias, nonetheless, remains trading above Pivot Point level.

Supports and Resistances:

R3 128.23

R2 127.25

R1 126.63

PP 125.65

S1 125.03

S2 124.05

S3 123.43

EUR/USD

Market Scenario 1: Long positions above 1.1221 with targets @ 1.1255 & 1.1293

Market Scenario 2: Short positions below 1.1221 with targets @ 1.1183 & 1.1149

Comment: European currency continued depreciating against US Dollar for the third day in a row, closing the session with 20 pips loss. Today the pair continues trading under pressure close to the First Support level at 1.118

R3 1.1327

R2 1.1293

R1 1.1255

PP 1.1221

S1 1.1183

S2 1.1149

S3 1.1111

GBP/JPY

Market Scenario 1: Long positions above 159.85 with targets @ 161.27 & 162.91

Market Scenario 2: Short positions below 159.85 with targets @ 158.21 & 156.79

Comment: Sterling during yesterday’s session came under selling pressure against Japanese Yen, closing the session with 140 pips loss. Today the pair is trading flat below Pivot Point Level.

Supports and Resistances:

R3 164.33

R2 162.91

R1 161.27

PP 159.85

S1 158.21

S2 156.79

S3 155.15

GBP/USD

Market Scenario 1: Long positions above 1.4264 with targets @ 1.4340 & 1.4472

Market Scenario 2: Short positions below 1.4264 with targets @ 1.4132 & 1.4056

Comment: Sterling during yesterday’s session continued falling against US Dollar, closing second day in a row in negative territory. Today the pair remain trading under pressure having already lost 50 pips since opening of the session.

Supports and Resistances:

R3 1.4548

R2 1.4472

R1 1.4340

PP 1.4264

S1 1.4132

S2 1.4056

S3 1.3924

USD/JPY

Market Scenario 1: Long positions above 112.07 with targets @ 112.76 & 113.18

Market Scenario 2: Short positions below 112.07 with targets @ 111.65 & 110.96

Comment: US Dollar during yesterday’s session rose against Japanese Yen, closing third day in a row in positive territory. Today the pair continues trading with positive bias having already reached the First Resistance level.

Supports and Resistances:

R3 113.87

R2 113.18

R1 112.76

PP 112.07

S1 111.65

S2 110.96

S3 110.54

GOLD

Market Scenario 1: Long positions above 1249.89 with targets @ 1257.62 & 1267.79

Market Scenario 2: Short positions below 1249.89 with targets @ 1239.72 & 1231.99

Comment: Gold during yesterday’s session undertook an attempt to break through the First Resistance level, however, encountered selling pressure dropped, closing the day below Pivot Point level. Today Bullion is trading with negative bias having already broken the First Support level and testing the Second one.

Supports and Resistances

R3 1285.69

R2 1267.79

R1 1257.62

PP 1249.89

S1 1239.72

S2 1231.99

S3 1214.09

CRUDE OIL

Market Scenario 1: Long positions above 39.59 with targets @ 40.58 & 41.28

Market Scenario 2: Short positions below 39.59 with targets @ 38.89 & 37.90

Comment: Crude oil during yesterday’s session reached a new high at 41.88, however, encountered selling pressure and retreated, closing the day in negative territory. Today Crude is trading flat ahead of US Crude Oil Inventories release.

Supports and Resistances:

R3 42.97

R2 41.28

R1 40.58

PP 39.59

S1 38.89

S2 37.90

S3 36.21

USD/RUB

Market Scenario 1: Long positions above 67.12 with targets @ 67.96 & 68.57

Market Scenario 2: Short positions below 67.12 with targets @ 66.51 & 65.67

Comment: US Dollar continued depreciating against Russian Ruble for the second day in a row. Today the pair is trading flat ahead of US Crude oil inventories.

Supports and Resistances:

R3 70.02

R2 68.57

R1 67.96

PP 67.12

S1 66.51

S2 65.67

S3 64.22

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7566 with targets @ 0.7612 & 0.7695

Market Scenario 2: Short positions below 0.7566 with targets @ 0.7483 & 0.7437

Comment: Aussie during yesterday’s session dropped against US Dollar, closing the session with more than 80 pips loss. Today the pair continues its downwards move having already lost almost 50 pips since opening of the session.

Supports and Resistances:

R3 0.7741

R2 0.7695

R1 0.7612

PP 0.7566

S1 0.7483

S2 0.7437

S3 0.7354

EUR/JPY

Market Scenario 1: Long positions above 125.79 with targets @ 126.09 & 126.53

Market Scenario 2: Short positions below 125.79 with targets @ 125.35 & 125.05

Comment: European currency during yesterday’s session was trading under pressure against Japanese Yen, however, managed to close the day with insignificant losses. Today the pair is trading with positive bias having returned almost all the losses incurred during yesterday’s session.

Supports and Resistances:

R3 126.83

R2 126.53

R1 126.09

PP 125.79

S1 125.35

S2 125.05

S3 124.61

EUR/USD

Market Scenario 1: Long positions above 1.1187 with targets @ 1.1216 & 1.1251

Market Scenario 2: Short positions below 1.1187 with targets @ 1.1152 & 1.1123

Comment: European currency during yesterday’s session continued its downwards move, closing fourth trading day in a row in negative territory. Today the pair continues trading under pressure having already reached the First Support level at 1.152

R3 1.1280

R2 1.1251

R1 1.1216

PP 1.1187

S1 1.1152

S2 1.1123

S3 1.1088

GBP/JPY

Market Scenario 1: Long positions above 159.05 with targets @ 159.57 & 160.53

Market Scenario 2: Short positions below 159.05 with targets @ 158.09 & 157.57

Comment: Sterling during yesterday’s session continued its downwards move against Japanese Yen, closing second day in a row in negative territory. Today the pair is trading flat slightly with positive bias.

Supports and Resistances:

R3 161.05

R2 160.53

R1 159.57

PP 159.05

S1 158.09

S2 157.57

S3 156.61


GBP/USD

Market Scenario 1: Long positions above 1.4140 with targets @ 1.4201 & 1.4286

Market Scenario 2: Short positions below 1.4140 with targets @ 1.4055 & 1.3994

Comment: Sterling during yesterday’s session continued falling against US Dollar, closing third day in a row in negative territory. Today the pair remain trading under pressure close to the First Support level.

Supports and Resistances:

R3 1.4347

R2 1.4286

R1 1.4201

PP 1.4140

S1 1.4055

S2 1.3994

S3 1.3909

USD/JPY

Market Scenario 1: Long positions above 112.47 with targets @ 112.81 & 113.23

Market Scenario 2: Short positions below 112.47 with targets @ 112.05 & 111.71

Comment: US Dollar during yesterday’s session continued trading with positive bias against Japanese Yen, closing fourth trading day in a row in positive territory. Today the pair rose even further having managed to break through the First Resistance level and heading towards the Second one.

Supports and Resistances:

R3 113.57

R2 113.23

R1 112.81

PP 112.47

S1 112.05

S2 111.71

S3 111.29

GOLD

Market Scenario 1: Long positions above 1228.91 with targets @ 1242.79 & 1263.14

Market Scenario 2: Short positions below 1224.54 with targets @ 1208.92 & 1195.53

Comment: Gold during Friday’s session dropped against US Dollar, closing the day with almost 10 USD loss. Today bullion is trading with positive bias having already almost returned all the losses incurred on Friday.

Supports and Resistances:

R3 1297.37

R2 1263.14

R1 1242.79

PP 1228.91

S1 1208.56

S2 1194.68

S3 1160.45

CRUDE OIL

Market Scenario 1: Long positions above 40.06 with targets @ 40.68 & 41.89

Market Scenario 2: Short positions below 40.06 with targets @ 38.85 & 38.23

Comment: Crude oil during yesterday’s session dropped against US Dollar amid unexpectedly big increase in US Crude oil inventories which rose 9.4M during previous week. Today crude continues trading under pressure below psychologically important level of 40 US Dollars per barrel.

Supports and Resistances:

R3 43.72

R2 41.89

R1 40.68

PP 40.06

S1 38.85

S2 38.23

S3 36.40

USD/RUB

Market Scenario 1: Long positions above 67.34 with targets @ 68.27 & 68.85

Market Scenario 2: Short positions below 67.34 with targets @ 66.76 & 65.83

Comment: US Dollar during yesterday’s session rose against Russian Ruble for the first time during this week amid reduced prices for Crude oil. Today the pair continues trading with positive bias close to 68 Russian Rubles per US Dollar.

Supports and Resistances:

R3 70.36

R2 68.85

R1 68.27

PP 67.34

S1 66.76

S2 65.83

S3 64.32

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7510 with targets @ 0.7612 & 0.7695

Market Scenario 2: Short positions below 0.7566 with targets @ 0.7483 & 0.7437

Comment: Aussie during Friday’s session continued falling against US Dollar, closing third day I a row in negative territory. However, today the pair is trading with positive bias having already broken through the First Resistance level and heading towards the Second one.

Supports and Resistances:

R3 0.7567

R2 0.7550

R1 0.7527

PP 0.7510

S1 0.7487

S2 0.7470

S3 0.7447

EUR/JPY

Market Scenario 1: Long positions above 125.79 with targets @ 126.09 & 126.53

Market Scenario 2: Short positions below 125.79 with targets @ 125.35 & 125.05

Comment: European currency during Friday’s session rose against Japanese yen for the second day in a row, closing the day with 20 pips profit. Today the pair continues trading with positive bias having broken through both First and Second Resistance levels and heading towards the third one.

Supports and Resistances:

R3 127.03

R2 126.73

R1 126.48

PP 126.18

S1 125.93

S2 125.63

S3 125.38

EUR/USD

Market Scenario 1: Long positions above 1.1164 with targets @ 1.1176 & 1.1192

Market Scenario 2: Short positions below 1.1164 with targets @ 1.1148 & 1.1136

Comment: European currency during Friday’s session continued trading under pressure against US Dollar, closing in negative territory for fifth day in a row. Today the pair is trading flat amid public holidays in most of European countries.

R3 1.1204

R2 1.1192

R1 1.1176

PP 1.1164

S1 1.1148

S2 1.1136

S3 1.1120

GBP/JPY

Market Scenario 1: Long positions above 159.70 with targets @ 160.09 & 160.48

Market Scenario 2: Short positions below 159.70 with targets @ 159.31 & 158.92

Comment: Sterling during Friday’s session rose against Japanese Yen, closing second day in a row in positive territory. Today the pair continues its upwards move having already broken through both resistance level and currently testing the Third one at 160.87

Supports and Resistances:

R3 160.87

R2 160.48

R1 160.09

PP 159.70

S1 159.31

S2 158.92

S3 158.53

GBP/USD

Market Scenario 1: Long positions above 1.4131 with targets @ 1.4157 & 1.4181

Market Scenario 2: Short positions below 1.4131 with targets @ 1.4107 & 1.4081

Comment: Sterling during Friday’s session was trading flat against US Dollar, closing the day almost unchanged. Today the pair is trading with positive bias having broken the First Resistance level and currently trading close to the Second one.

Supports and Resistances:

R3 1.4207

R2 1.4181

R1 1.4157

PP 1.4131

S1 1.4107

S2 1.4081

S3 1.4057

USD/JPY

Market Scenario 1: Long positions above 113.02 with targets @ 113.29 & 113.59

Market Scenario 2: Short positions below 113.02 with targets @ 112.72 & 112.45

Comment: US Dollar during Friday’s session continued appreciating against Japanese Yen, closing 6th day in a row in positive territory. Today the pair reached a new high at 113.67, the highest level since 16th of March.

Supports and Resistances:

R3 113.86

R2 113.59

R1 113.29

PP 113.02

S1 112.72

S2 112.45

S3 112.15

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7566 with targets @ 0.7612 & 0.7695

Market Scenario 2: Short positions below 0.7566 with targets @ 0.7483 & 0.7437

Comment: Aussie during yesterday’s session dropped against US Dollar, closing the session with more than 80 pips loss. Today the pair continues its downwards move having already lost almost 50 pips since opening of the session.

Supports and Resistances:

R3 0.7741

R2 0.7695

R1 0.7612

PP 0.7566

S1 0.7483

S2 0.7437

S3 0.7354

EUR/JPY

Market Scenario 1: Long positions above 125.79 with targets @ 126.09 & 126.53

Market Scenario 2: Short positions below 125.79 with targets @ 125.35 & 125.05

Comment: European currency during yesterday’s session was trading under pressure against Japanese Yen, however, managed to close the day with insignificant losses. Today the pair is trading with positive bias having returned almost all the losses incurred during yesterday’s session.

Supports and Resistances:

R3 126.83

R2 126.53

R1 126.09

PP 125.79

S1 125.35

S2 125.05

S3 124.61

EUR/USD

Market Scenario 1: Long positions above 1.1187 with targets @ 1.1216 & 1.1251

Market Scenario 2: Short positions below 1.1187 with targets @ 1.1152 & 1.1123

Comment: European currency during yesterday’s session continued its downwards move, closing fourth trading day in a row in negative territory. Today the pair continues trading under pressure having already reached the First Support level at 1.152

R3 1.1280

R2 1.1251

R1 1.1216

PP 1.1187

S1 1.1152

S2 1.1123

S3 1.1088

GBP/JPY

Market Scenario 1: Long positions above 159.05 with targets @ 159.57 & 160.53

Market Scenario 2: Short positions below 159.05 with targets @ 158.09 & 157.57

Comment: Sterling during yesterday’s session continued its downwards move against Japanese Yen, closing second day in a row in negative territory. Today the pair is trading flat slightly with positive bias.

Supports and Resistances:

R3 161.05

R2 160.53

R1 159.57

PP 159.05

S1 158.09

S2 157.57

S3 156.61

GBP/USD

Market Scenario 1: Long positions above 1.4140 with targets @ 1.4201 & 1.4286

Market Scenario 2: Short positions below 1.4140 with targets @ 1.4055 & 1.3994

Comment: Sterling during yesterday’s session continued falling against US Dollar, closing third day in a row in negative territory. Today the pair remain trading under pressure close to the First Support level.

Supports and Resistances:

R3 1.4347

R2 1.4286

R1 1.4201

PP 1.4140

S1 1.4055

S2 1.3994

S3 1.3909

USD/JPY

Market Scenario 1: Long positions above 112.47 with targets @ 112.81 & 113.23

Market Scenario 2: Short positions below 112.47 with targets @ 112.05 & 111.71

Comment: US Dollar during yesterday’s session continued trading with positive bias against Japanese Yen, closing fourth trading day in a row in positive territory. Today the pair rose even further having managed to break through the First Resistance level and heading towards the Second one.

Supports and Resistances:

R3 113.57

R2 113.23

R1 112.81

PP 112.47

S1 112.05

S2 111.71

S3 111.29

GOLD

Market Scenario 1: Long positions above 1228.91 with targets @ 1242.79 & 1263.14

Market Scenario 2: Short positions below 1224.54 with targets @ 1208.92 & 1195.53

Comment: Gold during Friday’s session dropped against US Dollar, closing the day with almost 10 USD loss. Today bullion is trading with positive bias having already almost returned all the losses incurred on Friday.

Supports and Resistances:

R3 1297.37

R2 1263.14

R1 1242.79

PP 1228.91

S1 1208.56

S2 1194.68

S3 1160.45

CRUDE OIL

Market Scenario 1: Long positions above 40.06 with targets @ 40.68 & 41.89

Market Scenario 2: Short positions below 40.06 with targets @ 38.85 & 38.23

Comment: Crude oil during yesterday’s session dropped against US Dollar amid unexpectedly big increase in US Crude oil inventories which rose 9.4M during previous week. Today crude continues trading under pressure below psychologically important level of 40 US Dollars per barrel.

Supports and Resistances:

R3 43.72

R2 41.89

R1 40.68

PP 40.06

S1 38.85

S2 38.23

S3 36.40

USD/RUB

Market Scenario 1: Long positions above 67.34 with targets @ 68.27 & 68.85

Market Scenario 2: Short positions below 67.34 with targets @ 66.76 & 65.83

Comment: US Dollar during yesterday’s session rose against Russian Ruble for the first time during this week amid reduced prices for Crude oil. Today the pair continues trading with positive bias close to 68 Russian Rubles per US Dollar.

Supports and Resistances:

R3 70.36

R2 68.85

R1 68.27

PP 67.34

S1 66.76

S2 65.83

S3 64.32

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7595 with targets @ 0.7680 & 0.7730

Market Scenario 2: Short positions below 0.7595 with targets @ 0.7545 & 0.7460

Comment: Aussie during yesterday’s session rose against US Dollar for the second day in a row, getting closer to its highest level of 0.7661. Today the pair continues trading with positive bias having already reached its highest level at 0.7662

Supports and Resistances:

R3 0.7815

R2 0.7730

R1 0.7680

PP 0.7595

S1 0.7545

S2 0.7460

S3 0.7410

EUR/JPY

Market Scenario 1: Long positions above 127.17 with targets @ 127.57 & 127.84

Market Scenario 2: Short positions below 127.17 with targets @ 126.90 & 126.50

Comment: European currency during yesterday’s session continued appreciating against Japanese Yen, having broken through its highest level at 127.30 that it has reached on 11th of March 2016. Today the pair is trading slightly under pressure, however remains close to the Pivot point level

Supports and Resistances:

R3 128.24

R2 127.84

R1 127.57

PP 127.17

S1 126.90

S2 126.50

S3 126.23

EUR/USD

Market Scenario 1: Long positions above 1.1254 with targets @ 1.1340 & 1.1389

Market Scenario 2: Short positions below 1.1254 with targets @ 1.1205 & 1.1119

Comment: European currency rose during yesterday’s session against US Dollar amid dovish comments of FED Reserve Chair Yellen. Today the pair continues rising, having already reached the First Resistance level

R3 1.1475

R2 1.1389

R1 1.1340

PP 1.1254

S1 1.1205

S2 1.1119

S3 1.1070

GBP/JPY

Market Scenario 1: Long positions above 161.99 with targets @ 162.66 & 163.16

Market Scenario 2: Short positions below 161.99 with targets @ 161.49 & 160.82

Comment: Sterling during yesterday’s session continued appreciating against Japanese yen for the fourth day in a row, closing the session with 50 pips profit. Today the pair is trading slightly under pressure, however, managed to recover and is currently trading close to the Pivot point level.

Supports and Resistances:

R3 163.83

R2 163.16

R1 162.66

PP 161.99

S1 161.49

S2 160.82

S3 160.32

GBP/USD

Market Scenario 1: Long positions above 1.4326 with targets @ 1.4459 & 1.4535

Market Scenario 2: Short positions below 1.4326 with targets @ 1.4250 & 1.4117

Comment: Sterling during yesterday’s session continued raising against US Dollar for the second day in a row, closing the session with 130 pips profit. Today the pair remain trading with positive bias having already reached the First resistance level.

Supports and Resistances:

R3 1.4668

R2 1.4535

R1 1.4459

PP 1.4326

S1 1.4250

S2 1.4117

S3 1.4041

USD/JPY

Market Scenario 1: Long positions above 113.05 with targets @ 113.50 & 114.24

Market Scenario 2: Short positions below 113.05with targets @ 112.31 & 111.86

Comment: US Dollar during yesterday’s session came under selling pressure against Japanese Yen amid dovish comments of Federal Reserve Chair Yellen. Today the pair continues depreciating having already suffered more than 60 pips loss.

Supports and Resistances:

R3 114.69

R2 114.24

R1 113.50

PP 113.05

S1 112.31

S2 111.86

S3 111.12

GOLD

Market Scenario 1: Long positions above 1233.31 with targets @ 1251.47 & 1260.96

Market Scenario 2: Short positions below 1233.31 with targets @ 1223.82 & 1205.66

Comment: Gold during yesterday’s session rose against US Dollar, closing the day with 20 US Dollars profit per 1 troy ounce. Today bullion is trading flat, however, remains above Pivot point level

Supports and Resistances

R3 1288.61

R2 1260.96

R1 1251.47

PP 1233.31

S1 1223.82

S2 1205.66

S3 1178.01

CRUDE OIL

Market Scenario 1: Long positions above 38.60 with targets @ 39.32 & 40.16

Market Scenario 2: Short positions below 38.60 with targets @ 37.76 & 37.04

Comment: Crude oil during yesterday’s session continued trading under pressure, closing the day with almost a Dollar loss. Today Crude is trading with positive bias having managed to regain some of the losses incurred during yesterday’s session.

Supports and Resistances:

R3 41.72

R2 40.16

R1 39.32

PP 38.60

S1 37.76

S2 37.04

S3 35.48

USD/RUB

Market Scenario 1: Long positions above 67.50 with targets @ 68.06 & 68.80

Market Scenario 2: Short positions below 67.50 with targets @ 66.76 & 66.20

Comment: US Dollar during yesterday’s session dropped against Russian ruble amid dovish comments of Fed Reserve Chairman Yellen. Today the pair continues falling having dropped below 67 Russian rubbles pre US Dollar.

Supports and Resistances:

R3 70.10

R2 68.80

R1 68.06

PP 67.50

S1 66.76

S2 66.20

S3 64.90

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.

 

[AAATrade]

*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7657 with targets @ 0.7716 & 0.7758

Market Scenario 2: Short positions below 0.7657 with targets @ 0.7615 & 0.7556

Comment: Aussie during Friday’s session was trading flat against US Dollar amid low trading activity due to wide spread public holidays. Today the pair came under pressure close to its recent highs amid disappointing news out of Australia indicating a fall in Retail activity.

Supports and Resistances:

R3 0.7817

R2 0.7758

R1 0.7716

PP 0.7657

S1 0.7615

S2 0.7556

S3 0.7514

EUR/JPY

Market Scenario 1: Long positions above 127.46 with targets @ 127.82 & 128.53

Market Scenario 2: Short positions below 127.46 with targets @ 126.75 & 126.39

Comment: European currency came under selling pressure during Friday’s session and dropped against Japanese Yen, closing the day with 80 pips loss. Today the pair continues trading under pressure having already reached the First Support level.

Supports and Resistances:

R3 128.89

R2 128.53

R1 127.82

PP 127.46

S1 126.75

S2 126.39

S3 125.68

EUR/USD

Market Scenario 1: Long positions above 1.1328 with targets @ 1.1375 & 1.1411

Market Scenario 2: Short positions below 1.1328 with targets @ 1.1292 & 1.1245

Comment: European currency during Friday’s session reached a new high against US Dollar at 1.138 the highest level since 16th of October 2015. Today the pair came slightly under pressure and currently trading below Pivot Point level.

R3 1.1544

R2 1.1491

R1 1.1440

PP 1.1387

S1 1.1336

S2 1.1283

S3 1.1232

GBP/JPY

Market Scenario 1: Long positions above 159.71 with targets @ 160.72 & 162.73

Market Scenario 2: Short positions below 159.71 with targets @ 157.70 & 156.69

Comment: Sterling during Friday’s session came under selling pressure against Japanese Yen, closing the day with almost 300 pips loss. Today the pair continues trading under pressure below Pivot Point level

Supports and Resistances:

R3 163.74

R2 162.73

R1 160.72

PP 159.71

S1 157.70

S2 156.69

S3 154.68

GBP/USD

Market Scenario 1: Long positions above 1.4255 with targets @ 1.4339 & 1.4456

Market Scenario 2: Short positions below 1.4255 with targets @ 1.4138 & 1.4054

Comment: Sterling during Friday’s session came under selling pressure and dropped against US Dollar, closing the day with more than 140 pips lost. Today the pair remains trading under pressure below Pivot Point level.

Supports and Resistances:

R3 1.4540

R2 1.4456

R1 1.4339

PP 1.4255

S1 1.4138

S2 1.4054

S3 1.3937

USD/JPY

Market Scenario 1: Long positions above 111.91 with targets @ 112.26 & 112.93

Market Scenario 2: Short positions below 111.91 with targets @ 111.24 & 110.89

Comment: US Dollar during Friday’s session continued trading under pressure against Japanese Yen, closing the day with almost 100 pips loss. Today the pair is trading flat close to the Pivot Point level.

Supports and Resistances:

R3 113.28

R2 112.93

R1 112.26

PP 111.91

S1 111.24

S2 110.89

S3 110.22

GOLD

Market Scenario 1: Long positions above 1221.94 with targets @ 1235.12 & 1248.35

Market Scenario 2: Short positions below 1221.94with targets @ 1208.71 & 1195.53

Comment: Gold during Friday’s session came under selling pressure and was sent as low as 1208.75 against US Dollar, however by the end of the day bullion managed to recover most of the losses closing the day at 1221.90 Today bullion continues trading under pressure close to Pivot point level.

Supports and Resistances

R3 1274.76

R2 1248.35

R1 1235.12

PP 1221.94

S1 1208.71

S2 1195.53

S3 1169.12

CRUDE OIL

Market Scenario 1: Long positions above 37.23 with targets @ 37.85 & 39.09

Market Scenario 2: Short positions below 37.23 with targets @ 35.99 & 35.37

Comment: Crude oil during Friday’s session continued dropping against US Dollar, having lost 1.5 US Dollar per Barrel. Today crude oil remains trading under pressure close to 36 US Dollars a barrel.

Supports and Resistances:

R3 40.95

R2 39.09

R1 37.85

PP 37.23

S1 35.99

S2 35.37

S3 33.51

USD/RUB

Market Scenario 1: Long positions above 67.50 with targets @ 68.06 & 68.80

Market Scenario 2: Short positions below 67.50 with targets @ 66.76 & 66.20

Comment: US Dollar during Friday’s session rose against Russian rubble amid deteriorating prices on Crude oil. Today the pair continues trading with positive bias having climbed above Pivot point level.

Supports and Resistances:

R3 70.10

R2 68.80

R1 68.06

PP 67.50

S1 66.76

S2 66.20

S3 64.90

The purpose of this risk disclaimer is to inform users of the potential financial risks involved in trading in foreign currencies. The transaction or operations in the Forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions. Trading may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital.