Daily Technical by AAATrade

[AAATrade]

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

AUD/USD

Market Scenario 1: Long positions above 0.7232 with targets @ 0.7254 & 0.7284

Market Scenario 2: Short positions below 0.7232 with targets @ 0.7202 & 0.7180

Comment: Amid adverse news out of Australian’s Private Capital Expenditure Aussie came under selling pressure and closed yesterday’s session with 30 pips loss against US Dollar, erasing almost all the gains it managed to achieve on Tuesday. Today Aussie continues trading under pressure testing the First support level.

Supports and Resistances:

R3 0.7306

R2 0.7284

R1 0.7254

PP 0.7232

S1 0.7202

S2 0.7180

S3 0.7150


EUR/JPY

Market Scenario 1: Long positions above 130.12 with targets @ 130.37 & 130.63

Market Scenario 2: Short positions below 130.12 with targets @ 129.86 & 129.61

Comment: European currency continues losing its positions against the Japanese Yen for the fourth day in the row dropping below psychologically important level of 130 Yen per 1 Euro. Currently the pair was already sent below the First support level, with the aim to break through its recent low of 129.76 and then test the Second Support level.

Supports and Resistances:

R3 130.88

R2 130.63

R1 130.37

PP 130.12

S1 129.86

S2 129.61

S3 129.35


EUR/USD

Market Scenario 1: Long positions above 1.0611 with targets @ 1.0623 & 1.0638

Market Scenario 2: Short positions below 1.0611 with targets @ 1.0596 & 1.0584

Comment: European currency continues weakening against US Dollar amid disappointing news from the European area. Bears managed to break through the Pivot Point and the first Support level and currently testing the Second one. If it succeeds in doing so the pair might undertake an attempt to test its lowest at 1.0565 reached on 25th of November.

Supports and Resistances:

R3 1.0650

R2 1.0638

R1 1.0623

PP 1.0611

S1 1.0596

S2 1.0584

S3 1.0569



GBP/JPY

Market Scenario 1: Long positions above 185.15 with targets @ 185.65 & 186.14

Market Scenario 2: Short positions below 185.15 with targets @ 184.66 & 184.16

Comment: Sterling being unable to sustain the selling pressure continue moving downwards against Japanese Yen, reaching today its lowest level since 29th of October. Pivot Point and the First Support level has been already broken, currently the pair is testing the Second Support level

Supports and Resistances:

R3 186.64

R2 186.14

R1 185.65

PP 185.15

S1 184.66

S2 184.16

S3 183.67



GBP/USD

Market Scenario 1: Long positions above 1.5096 with targets @ 1.5140 & 1.5198

Market Scenario 2: Short positions below 1.5096 with targets @ 1.5038 & 1.4994

Comment: Sterling amid disappointing financial data started losing its positions against US dollar and was sent almost to the lowest level at 1.5025 reached on 6th of November. GBPUSD is currently trading below pivot point level with the aim to break through its recent bottom of 1.5025

Supports and Resistances:

R3 1.5242

R2 1.5198

R1 1.5140

PP 1.5096

S1 1.5038

S2 1.4994

S3 1.4936



USD/JPY

Market Scenario 1: Long positions above 122.61 with targets @ 122.74 & 122.85

Market Scenario 2: Short positions below 122.61 with targets @ 122.50 & 122.37

Comment: US dollar continues finding support at 122.26 which is the 3rd Support level against Japanese Yen. Currently the pair is trying to break through Pivot Point Level.

Supports and Resistances:

R3 122.98

R2 122.85

R1 122.74

PP 122.61

S1 122.50

S2 122.37

S3 122.26



GOLD

Market Scenario 1: Long positions above 1075.10 with targets @ 1082.55 & 1094.11

Market Scenario 2: Short positions below 1075.10 with targets @ 1063.54 & 1056.09

Comment: Gold during today’s trading session reached a new low at 1063.85 the lowest level since February 2010. Currently Gold is trading 1 dollar away from the first Support level

Supports and Resistances:

R3 1113.12

R2 1094.11

R1 1082.55

PP 1075.10

S1 1063.54

S2 1056.09

S3 1037.08




CRUDE OIL

Market Scenario 1: Long positions above 42.72 with targets @ 43.18 & 43.73

Market Scenario 2: Short positions below 42.72 with targets @ 42.17 & 41.71

Comment: Appreciation of Crude oil has been stopped at 43.28 US Dollar a barrel and currently Crude is trading slightly below 42 US Dollar.

Supports and Resistances:

R3 44.74

R2 43.73

R1 43.18

PP 42.72

S1 42.17

S2 41.71

S3 40.70



USD/RUB

Market Scenario 1: Long positions above 64.23 with targets @ 65.09 & 65.86

Market Scenario 2: Short positions below 64.23 with targets @ 63.46 & 62.60

Comment: USD/RUB is trading more or less flat despite the tensions between Russia and Turkey. However, 66 Ruble per 1 USD is the level to watch as If the threshold is taken the pair may continue to appreciate.

Supports and Resistances:

R3 67.49

R2 65.86

R1 65.09

PP 64.23

S1 63.46

S2 62.60

S3 60.97




Prepared by:

Kirill Lebedev

Head of Dealing on Own Account

AAA Trade LTD

 

[AAATrade]

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

Technical Analysis for 09/12/2015

AUD/USD

Market Scenario 1: Long positions above 0.7223 with targets @ 0.7259 & 0.7306

Market Scenario 2: Short positions below 0.7223 with targets @ 0.7176 & 0.7140

Comment: Aussie continues falling against US Dollar for the second day in the row, closing yesterday’s session with 40 pips Loss. Today, during early European session the pair came under pressure and was sent below Pivot Point and the first Support level.

Supports and Resistances:

R3 0.7342

R2 0.7306

R1 0.7259

PP 0.7223

S1 0.7176

S2 0.7140

S3 0.7093

EUR/JPY

Market Scenario 1: Long positions above 133.80 with targets @ 134.12& 134.33

Market Scenario 2: Short positions below 133.80 with targets @ 133.59 & 133.27

Comment: European currency managed to return some of its losses against Japanese Yen during yesterday’s session closing the day in positive territory. Today amid positive news out of Germany, EUR/JPY broke through Pivot Point level and undertook attempt to test the first Support level.

Supports and Resistances:

R3 134.65

R2 134.33

R1 134.12

PP 133.80

S1 133.59

S2 133.27

S3 133.06


EUR/USD

Market Scenario 1: Long positions above 1.0874 with targets @ 1.0919 & 1.0947

Market Scenario 2: Short positions below 1.0874 with targets @ 1.0846 & 1.0801

Comment: European currency during yesterday’s session re-gained all its losses incurred on Monday against US Dollar, closing the day with 60 pips profit. Today the pair amid promising news out of Eurozone broke through both Resistance levels aiming to test the last one at 1.0992

Supports and Resistances:

R3 1.0992

R2 1.0947

R1 1.0919

PP 1.0874

S1 1.0846

S2 1.0801

S3 1.0773


GBP/JPY

Market Scenario 1: Long positions above 184.66 with targets @ 185.58 & 186.66

Market Scenario 2: Short positions below 184.66 with targets @ 183.58 & 182.66

Comment: Sterling dropped during yesterday’s session against Japanese Yen amid disappointing news from UK’s manufacturing production sector which shrined 0.4 %. Today Sterling is trading positively above Pivot Point level.

Supports and Resistances:

R3 187.58

R2 186.66

R1 185.58

PP 184.66

S1 183.58

S2 182.66

S3 181.58

GBP/USD

Market Scenario 1: Long positions above 1.5007 with targets @ @ 1.5059& 1.5111

Market Scenario 2: Short positions below 1.5007 with targets @ 1.4955 & 1.4903

Comment: Sterling during yesterday’s session came under selling pressure and dropped to the First support level at 1.4955 against the US Dollar, however, by the end of the day, British Pound managed to return some of its losses and close the day above 1.50. At the time, the pair behaved very positively, having broken through the First Resistance level.

Supports and Resistances:

R3 1.5163

R2 1.5111

R1 1.5059

PP 1.5007

S1 1.4955

S2 1.4903

S3 1.4851


USD/JPY

Market Scenario 1: Long positions above 123.01 with targets @ 123.32 & 123.68

Market Scenario 2: Short positions below 123.01with targets @ 122.65 & 122.34

Comment: US Dollar continues trading in the range between S2 and R2 against Japanese Yen. Range – Bound Strategy can be applied.

Supports and Resistances:

R3 123.99

R2 123.68

R1 123.32

PP 123.01

S1 122.65

S2 122.34

S3 121.98

GOLD

Market Scenario 1: Long positions above 1073.75 with targets @ 1080.05 & 1085.34

Market Scenario 2: Short positions below 1073.75 with targets @ 1068.46 & 1062.16

Comment: Gold during yesterday’s session managed to return some of its losses incurred on Monday, closing the day with 4 USD profit. Today gold continues trading with positive bias above Pivot point level.

Supports and Resistances:

R3 1096.93

R2 1085.34

R1 1080.05

PP 1073.75

S1 1068.46

S2 1062.16

S3 1050.57


CRUDE OIL

Market Scenario 1: Long positions above 37.67 with targets @ 38.72 & 39.61

Market Scenario 2: Short positions below 37.67 with targets @ 36.78 & 35.73

Comment: Having sunk to 36.62 US Dollar per barrel, crude managed to regain the control and closed the day at positive territory at 37.83. Today Crude is trading calmly slightly below Pivot point level.

Supports and Resistances:

R3 41.55

R2 39.61

R1 38.72

PP 37.67

S1 36.78

S2 35.73

S3 33.79



USD/RUB

Market Scenario 1: Long positions above 68.25 with targets @ 69.10 & 69.78

Market Scenario 2: Short positions below 68.25 with targets @ 67.57 & 66.72

Comment: US Dollar recorded 7 days in the row of consecutive gains against Russian Rubble gradually approaching psychologically important level of 70 Ruble per 1 US Dollar. Currently the pair is trading above Pivot point level.

Supports and Resistances:

R3 71.31

R2 69.78

R1 69.10

PP 68.25

S1 67.57

S2 66.72

S3 65.19

 

[AAATrade]

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

Daily Technical Analysis for 10.12.2015

AUD/USD

Market Scenario 1: Long positions above 0.7214 with targets @ 0.7258 & 0.7287
Market Scenario 2: Short positions below 0.7214 with targets @ 0.7185 & 0.7141
Comment: Aussie during early Asian session surged by 60 pips against US Dollar amid positive news form Australian Bureau of Statistics showing that during last month 71,400 people have been employed which is way above market expectations of 10,000 decrease. Australian unemployment went down by 0.2%, from 6.0% to 5.8%.
Supports and Resistances:
R3 0.7331
R2 0.7287
R1 0.7258
PP 0.7214
S1 0.7185
S2 0.7141
S3 0.7112

EUR/JPY

Market Scenario 1: Long positions above 133.86 with targets @ 134.21 & 134.56
Market Scenario 2: Short positions below 133.86 with targets @ 133.51 & 133.16
Comment: After last week’s rally when European currency appreciated against Japanese Yen for more than 300 pips, the pair entered into consolidation area. EUR/JPY is trading in the range between R2 and S2.
Supports and Resistances:
R3 134.91
R2 134.56
R1 134.21
PP 133.86
S1 133.51
S2 133.16
S3 132.81

EUR/USD

Market Scenario 1: Long positions above 1.0981 with targets @ 1.1085 & 1.1145
Market Scenario 2: Short positions below 1.0981 with targets @ 1.0921 & 1.0817
Comment: European currency during yesterday’s session rose against US Dollar closing the session with more than 100 pips in profit. Today the pair is trading under pressure below Pivot Point level.
Supports and Resistances:
R3 1.1249
R2 1.1145
R1 1.1085
PP 1.0981
S1 1.0921
S2 1.0817
S3 1.0757

GBP/JPY

Market Scenario 1: Long positions above 184.45 with targets @ 185.23 & 186.14
Market Scenario 2: Short positions below 184.45 with targets @ 183.54 & 182.76
Comment: Sterling managed to suspend its depreciation against Japanese Yen and closed yesterday’ session almost unchanged. Today the pair is trading flat, ahead of UK’s Official rate decision.
Supports and Resistances:
R3 186.92
R2 186.14
R1 185.23
PP 184.45
S1 183.54
S2 182.76
S3 181.85

GBP/USD

Market Scenario 1: Long positions above 1.5124 with targets @ @ 1.5245 & 1.5311
Market Scenario 2: Short positions below 1.5124 with targets @ 1.5058 & 1.4937
Comment: Sterling rose against US Dollar for more than 170 pips during yesterday’s session closing the day at 1.518. Today the pair is trading flat ahead of big news out of UK
Supports and Resistances:
R3 1.5432
R2 1.5311
R1 1.5245
PP 1.5124
S1 1.5058
S2 1.4937
S3 1.4871

USD/JPY

Market Scenario 1: Long positions above 121.84 with targets @ 122.62 & 123.82
Market Scenario 2: Short positions below 121.84 with targets @ 120.64 & 119.86
Comment: US Dollar came under pressure against Japanese Yen during yesterday’s session and lost more than 140 Pips in one day. Currently the pair is trading flat below Pivot Point level.
Supports and Resistances:
R3 124.60
R2 123.82
R1 122.62
PP 121.84
S1 120.64
S2 119.86
S3 118.66

GOLD

Market Scenario 1: Long positions above 1075.77 with targets @ 1082.33 & 1091.92
Market Scenario 2: Short positions below 1075.77 with targets @ 1066.18 & 1059.62
Comment: Gold continues trading in the range against US Dollar for the third day in a row between S1 and R2. Currently it’s trading below Pivot Point level.
Supports and Resistances:
R3 1108.07
R2 1091.92
R1 1082.33
PP 1075.77
S1 1066.18
S2 1059.62
S3 1043.47

CRUDE OIL

Market Scenario 1: Long positions above 37.67 with targets @ 38.72 & 39.61
Market Scenario 2: Short positions below 37.67 with targets @ 36.78 & 35.73
Comment: Crude oil continue trading under pressure. Analysts predict that the price will remain below 50 USD per barrel for the whole 2016.
Supports and Resistances:
R3 41.91
R2 39.79
R1 38.49
PP 37.67
S1 36.37
S2 35.55
S3 33.43

USD/RUB

Market Scenario 1: Long positions above 68.27 with targets @ 69.33 & 70.40
Market Scenario 2: Short positions below 68.27 with targets @ 67.20 & 66.14
Comment: US Dollar reached a new high during yesterday’s session against Russian Rubble at 69.35, 65 cents away from psychologically important level of 70 Russian Rubble per US Dollar. Today the pair is trading calmly around Pivot Point level
Supports and Resistances:
R3 72.53
R2 70.40
R1 69.33
PP 68.27
S1 67.20
S2 66.14
S3 64.01

 

[AAATrade]

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

Technical Analysis for 07/01/2016

AUD/USD

Market Scenario 1: Long positions above 0.7096 with targets @ 0.7146 & 0.7220

Market Scenario 2: Short positions below 0.7096 with targets @ 0.7022 & 0.6972

Comment: Aussie recorded 3rd day of consecutive losses against US Dollar, losing more than 250 pips per 3 days. Today AUDUSD continues trading under pressure below Pivot Point level aiming to test the First Support level.

Supports and Resistances:

R3 0.7270

R2 0.7220

R1 0.7146

PP 0.7096

S1 0.7022

S2 0.6972

S3 0.6898


EUR/JPY

Market Scenario 1: Long positions above 127.63 with targets @ 128.25 & 128.79

Market Scenario 2: Short positions below 127.63 with targets @ 127.09 & 126.47.

Comment: European currency has been losing its positions against Japanese Yen for the fourth day in the row, reaching its lowest level at Y127 since 16th of April 2015 during yesterday’ session. Today the pair continues its downward move recording a new low at 126.77.

Supports and Resistances:

R3 129.41

R2 128.79

R1 128.25

PP 127.63

S1 127.09

S2 126.47

S3 125.93


EUR/USD

Market Scenario 1: Long positions above 1.0765 with targets @ 1.0812 & 1.0845

Market Scenario 2: Short positions below 1.0765 with targets @ 1.0732 & 1.0685

Comment: European currency during yesterday’s session managed to regain some of the losses incurred on Tuesday against US Dollar. Today EURUSD is trading very positively having broken through the First resistance level and heading to the Second one.

Supports and Resistances:

R3 1.0892

R2 1.0845

R1 1.0812

PP 1.0765

S1 1.0732

S2 1.0685

S3 1.0652


GBP/JPY

Market Scenario 1: Long positions above 173.77 with targets @ 174.46 & 175.59

Market Scenario 2: Short positions below 173.77 with targets @ 172.64 & 171.95

Comment: Sterling continues depreciating against Japanese Yen for the 7th day in the row reaching its lowest level since 12th of April 2015 at 176.91 during yesterday’s session. Today the pair renewed the fall with intensified force having broken both 1st and 2nd support level and moving toward the last one.

Supports and Resistances:

R3 176.28

R2 175.59

R1 174.46

PP 173.77

S1 172.64

S2 171.95

S3 170.82


GBP/USD

Market Scenario 1: Long positions above 1.4637 with targets @ 1.4672 & 1.4716

Market Scenario 2: Short positions below 1.4637 with targets @ 1.4593 & 1.4558

Comment: During today’s trading session sterling reached its lowest level since 13th of April 2015 at 1.4559 against US Dollar. The pair sunk below the First Support level and touched the Second one, but then managed to find solid ground and moved above the first support level.

Supports and Resistances:

R3 1.4751

R2 1.4716

R1 1.4672

PP 1.4637

S1 1.4593

S2 1.4558

S3 1.4514


USD/JPY

Market Scenario 1: Long positions above 118.62 with targets @ 119.01 & 119.54

Market Scenario 2: Short positions below 118.62 with targets @ 118.09 & 117.70

Comment: US Dollar since the beginning of the week lost more than 200 pips against Japanese yen, closing yesterday’s session at 118.46. Today the pair remain trading under pressure having lost more than 100 pips during Asian and the beginning of European sessions.

Supports and Resistances:

R3 119.93

R2 119.54

R1 119.01

PP 118.62

S1 118.09

S2 117.70

S3 117.17


GOLD

Market Scenario 1: Long positions above 1087.74 with targets @ 1100.70 & 1108.01

Market Scenario 2: Short positions below 1087.74 with targets @ 1080.43 & 1067.47

Comment: Gold amid drastic sell off of Chinese Stock market attracted investors’ attention and closed the third consecutive day of gains, breaking the threshold at 1090 US Dollars per troy ounce. During today’s trading session gold tested psychologically important level of 1100 US Dollars per bullion, however, currently the threshold remains firm.

Supports and Resistances:

R3 1128.28

R2 1108.01

R1 1100.70

PP 1087.74

S1 1080.43

S2 1067.47

S3 1047.20


CRUDE OIL

Market Scenario 1: Long positions above 34.72 with targets @ 35.69 & 37.33

Market Scenario 2: Short positions below 34.72 with targets @ 33.08 & 32.11

Comment: Crude oil dropped amid uncertainty in Chinese market, despite the conflict between Saudi Arabia, the world’s biggest oil producer and Iran. During today’s trading session crude oil dropped as low as 32.08 US Dollar per barrel, this is the lowest price since January 2004.

Supports and Resistances:

R3 39.94

R2 37.33

R1 35.69

PP 34.72

S1 33.08

S2 32.11

S3 29.50


USD/RUB

Market Scenario 1: Long positions above 72.86 with targets @ 74.89 & 76.09

Market Scenario 2: Short positions below 72.86 with targets @ 71.66 & 69.63

Comment: Russian rubble continues depreciating against US Dollar amid deteriorating prices on Commodities and especially on Crude Oil, which reached during today’s trading session its lowest level since 2004.

Supports and Resistances:

R3 79.32

R2 76.09

R1 74.89

PP 72.86

S1 71.66

S2 69.63

S3 66.40



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.

Technical Analysis for 01/08/2016

AUD/USD

Market Scenario 1: Long positions above 0.7024 with targets @ 0.7069 & 0.7129

Market Scenario 2: Short positions below 0.7024 with targets @ 0.6964 & 0.6919

Comment: Aussie during yesterday’s session dropped to its lowest level since 29 of September 2015 against US Dollar at 0.6979, however, having found some support close to the First support level managed to close the session above 0.70. Today bulls have already undertaken an attempt to test the First Resistance level at 0.7069, however the level remained unbroken.

Supports and Resistances:

R3 0.7174

R2 0.7129

R1 0.7069

PP 0.7024

S1 0.6964

S2 0.6919

S3 0.6859

EUR/JPY

Market Scenario 1: Long positions above 127.99 with targets @ 129.21 & 129.83

Market Scenario 2: Short positions below 127.99 with targets @ 127.37 & 126.15

Comment: European currencyhaving sunk to its lowest level since 15th of April 2015 against Japanese Yen at 126.77, managed to stabilize and close the session with 80 pips profit at 128.44. Today the pair continues its upward move and trading close to the First Resistance level at 129.21

Supports and Resistances:

R3 131.05

R2 129.83

R1 129.21

PP 127.99

S1 127.37

S2 126.15

S3 125.53

EUR/USD

Market Scenario 1: Long positions above 1.0879 with targets @ 1.0987 & 1.1048

Market Scenario 2: Short positions below 1.0879 with targets @ 1.0818 & 1.0710

Comment: European currency during yesterday’s session managed to return all the losses for the preceding three negative sessions, closing the day with 150 pips profit against US Dollar. Today the currency is trading slightly under pressure, however, Pivot Point level continues supporting the pair.

Supports and Resistances:

R3 1.1156

R2 1.1048

R1 1.0987

PP 1.0879

S1 1.0818

S2 1.0710

S3 1.0649


GBP/JPY

Market Scenario 1: Long positions above 172.15 with targets @ 173.56 & 175.15

Market Scenario 2: Short positions below 172.15 with targets @ 170.56 & 169.15

Comment: Sterling having fallen to its lowest level since 17th of April against Japanese Yen at 170.70, found support and close the session at 171.95. Today the pair trades positively above Pivot Point level.

Supports and Resistances:

R3 176.56

R2 175.15

R1 173.56

PP 172.15

S1 170.56

S2 169.15

S3 167.56


GBP/USD

Market Scenario 1: Long positions above 1.4596 with targets @ 1.4659 & 1.4703

Market Scenario 2: Short positions below 1.4596 with targets @ 1.4552 & 1.4489

Comment: Sterling during Yesterday’s session dropped to 1.4532, the lowest level since May 2010, however, by the end of the trading session it managed to return all of the losses, closing the day at 1.4626. Nonetheless, today the pair continues trading under pressure even though its above Pivot Point level

Supports and Resistances:

R3 1.4766

R2 1.4703

R1 1.4659

PP 1.4596

S1 1.4552

S2 1.4489

S3 1.4445

USD/JPY

Market Scenario 1: Long positions above 117.91 with targets @ 118.50 & 119.34

Market Scenario 2: Short positions below 117.91 with targets @ 117.07 & 116.48

Comment: US Dollar during yesterday’s session recorded fourth day in the row on the negative territory against Japanese Yen, dropping as low as 117.30. Today the pair amid BOJ’s summary of opinions rose, returning almost all the losses incurred yesterday and currently trading close to the First Resistance level.

Supports and Resistances:

R3 119.93

R2 119.34

R1 118.50

PP 117.91

S1 117.07

S2 116.48

S3 115.64

GOLD

Market Scenario 1: Long positions above 1103.26 with targets @ 1115.33 & 1122.00

Market Scenario 2: Short positions below 1103.26 with targets @ 1096.59 & 1084.52

Comment: Gold during yesterday’s session continued its upward move amid uncertainty in the Chinese market gaining as much as 15 US Dollar per ounce and closing the session above psychologically important level of 1100. However, today gold is trading under selling pressure having dropped below 1100.

Supports and Resistances:

R3 1140.74

R2 1122.00

R1 1115.33

PP 1103.26

S1 1096.59

S2 1084.52

S3 1065.78

CRUDE OIL

Market Scenario 1: Long positions above 33.19 with targets @ 34.29 & 35.35

Market Scenario 2: Short positions below 33.19 with targets @ 32.13 & 31.03

Comment: Crude Oil continues its downwards move and sunk during yesterday’s session to 32.08. Nonetheless, Crude oil managed to recover some of the losses and closed the day at 33.24 which is slightly above January’s 2009 low. Today crude is trading positively, however it would be unwise to assume that Crude market bottomed.

Supports and Resistances:

R3 37.51

R2 35.35

R1 34.29

PP 33.19

S1 32.13

S2 31.03

S3 28.87


USD/RUB

Market Scenario 1: Long positions above 73.61 with targets @ 75.22 & 76.69

Market Scenario 2: Short positions below 73.61 with targets @ 72.14 & 70.53

Comment: Russian rubble during yesterday’s session having reached its weakest level against US Dollar at 75 rubles per 1 US Dollar, found some support and closed the day at 73.76. Today the pair moved even lower, trading at 72.26.

Supports and Resistances:

R3 79.77

R2 76.69

R1 75.22

PP 73.61

S1 72.14

S2 70.53

S3 67.45


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 for 13/01/2016

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


AUD/USD

Market Scenario 1: Long positions above 0.6982 with targets @ 0.7024 & 0.7063

Market Scenario 2: Short positions below 0.6982 with targets @ 0.6943 & 0.6901

Comment: Aussie during yesterday’s session was trading in the range between R1 and S1. Today the pair managed to break through the First resistance level and aiming to test the Second one.

Supports and Resistances:

R3 0.7105

R2 0.7063

R1 0.7024

PP 0.6982

S1 0.6943

S2 0.6901

S3 0.6862


EUR/JPY

Market Scenario 1: Long positions above 127.72 with targets @ 128.00 & 128.27

Market Scenario 2: Short positions below 127.72 with targets @ 127.45 & 127.17

Comment: European currency since it reached its lowest level at 126.77 on 7th of January against Japanese Yen has been trading flat between R2 and S2. Today the pair is trading positively slightly above the First Resistance level.

Supports and Resistances:

R3 128.55

R2 128.27

R1 128.00

PP 127.72

S1 127.45

S2 127.17

S3 126.90

EUR/USD

Market Scenario 1: Long positions above 1.0858 with targets @ 1.0898 & 1.0938

Market Scenario 2: Short positions below 1.0858 with targets @ 1.0818 & 1.0778

Comment: European currency during yesterday’s session recorded second day in a row in negative territory against US Dollar, closing the session 1.0847. Today the pair continues its downward move and already undertook an attempt to test the first Support level at 1.0818

Supports and Resistances:

R3 1.0978

R2 1.0938

R1 1.0898

PP 1.0858

S1 1.0818

S2 1.0778

S3 1.0738

GBP/JPY

Market Scenario 1: Long positions above 170.26 with targets @ 171.36 & 172.79

Market Scenario 2: Short positions below 170.26 with targets @ 168.83 & 167.73

Comment: Sterling during yesterday’s session recorded a new low at 169.11 against Japanese Yen, this was the lowest level since 15th of October 2014. Today the pair is trading with positive bias above Pivot Point level and close to the First Resistance level

Supports and Resistances:

R3 173.89

R2 172.79

R1 171.36

PP 170.26

S1 168.83

S2 167.73

S3 166.30


GBP/USD

Market Scenario 1: Long positions above 1.4452 with targets @ 1.4552 & 1.4660

Market Scenario 2: Short positions below 1.4452 with targets @ 1.4344 & 1.4244

Comment: Sterling came under selling pressure against US Dollar and was sent as low as 1.4350 the lowest level since 8th of June 2010. Today the pair is trading above Pivot Point level, however, overall movement is downwards.

Supports and Resistances:

R3 1.4760

R2 1.4660

R1 1.4552

PP 1.4452

S1 1.4344

S2 1.4244

S3 1.4136

USD/JPY

Market Scenario 1: Long positions above 117.64 with targets @ 118.06 & 118.48

Market Scenario 2: Short positions below 117.64 with targets @ 117.22 & 116.80

Comment: US Dollar since it’s reached its lowest level at 116.66 on Monday 10th of January, it found support returned all the losses incurred during previous 2 trading sessions and kept rising. Today the pair broke through the First Resistance level and moving toward the Second one.

Supports and Resistances:

R3 118.90

R2 118.48

R1 118.06

PP 117.64

S1 117.22

S2 116.80

S3 116.38


GOLD

Market Scenario 1: Long positions above 1089.87 with targets @ 1096.51 & 1105.68

Market Scenario 2: Short positions below 1089.87 with targets @ 1080.70 & 1074.06

Comment: Gold, since it came under selling pressure on Friday 8th of January has been falling against the US Dollar. During yesterday’s session gold dropped to 1087.33 and today it already tested the First Support level at 1080.70.

Supports and Resistances:

R3 1121.49

R2 1105.68

R1 1096.51

PP 1089.87

S1 1080.70

S2 1074.06

S3 1058.25

CRUDE OIL

Market Scenario 1: Long positions above 30.89 with targets @ 31.86 & 33.17

Market Scenario 2: Short positions below 30.89 with targets @ 30.89 & 28.61

Comment: Crude Oil during yesterday’s session dropped even lower, recording 7th day in the row of consecutive losses against US Dollar and reaching its lowest level at 29.91. Today Crude is trying to return some of the losses incurred during yesterday’s session and currently trading at 31.28

Supports and Resistances:

R3 35.45

R2 33.17

R1 31.86

PP 30.89

S1 29.58

S2 28.61

S3 26.33


USD/RUB

Market Scenario 1: Long positions above 75.21 with targets @ 77.07 & 78.54

Market Scenario 2: Short positions below 75.21 with targets @ 73.74 & 71.8

Comment: US Dollar continues appreciating against Russian rubble recording a new high at 76.68 amid depreciating prices of Crude Oil, which during yesterday’s session reached a record low, dropping below the psychologically important level of 30 US Dollars a barrel. Today the pair continues trading under pressure close to 76 Russian Rubles pre US Dollar

Supports and Resistances:

R3 81.87

R2 78.54

R1 77.07

PP 75.21

S1 73.74

S2 71.8

S3 68.55


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 for 14/01/2016

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

AUD/USD

Market Scenario 1: Long positions above 0.6984 with targets @ 0.7019 & 0.7083

Market Scenario 2: Short positions below 0.6984 with targets @ 0.6920 & 0.6885

Comment: Having broken through the First Resistance level and on the way to the second one, Aussie came under selling pressure and was sent below Pivot Point level, closing the session at 0.6956 US Dollars per 1 Australian Dollar. Today the pair continues trading under pressure below Pivot Point level.

Supports and Resistances:

R3 0.7118

R2 0.7083

R1 0.7019

PP 0.6984

S1 0.6920

S2 0.6885

S3 0.6821


EUR/JPY

Market Scenario 1: Long positions above 128.05 with targets @ 128.46 & 128.95

Market Scenario 2: Short positions below 128.05 with targets @ 127.56 & 127.15

Comment: European currency managed to close yesterday’s session against Japanese Yen in positive territory, for the first time in four sessions. Today the pair is trading with positive bias having broken through the Pivot Point level and aiming to test the First Resistance level.

Supports and Resistances:

R3 129.36

R2 128.95

R1 128.46

PP 128.05

S1 127.56

S2 127.15

S3 126.66

EUR/USD

Market Scenario 1: Long positions above 1.0855 with targets @ 1.0907 & 1.0938

Market Scenario 2: Short positions below 1.0855 with targets @ 1.0824 & 1.0772

Comment: European currency was traded firm against US Dollar during yesterday’s session closing the day with 30 pips profit. Today euro continues appreciating against US Dollar trading close to the first Resistance level.

Supports and Resistances:

R3 1.0990

R2 1.0938

R1 1.0907

PP 1.0855

S1 1.0824

S2 1.0772

S3 1.0741


GBP/JPY

Market Scenario 1: Long positions above 170.10 with targets @ 170.70 & 171.89

Market Scenario 2: Short positions below 170.10 with targets @ 168.91 & 168.31

Comment: Sterling continues trading close to its lowest level against Japanese Yen, closing yesterday’s session on the negative territory. Today Sterling reached its lowest level at ¥168.77, however, managed to find support and now trading close to the Pivot Point level.

Supports and Resistances:

R3 172.49

R2 171.89

R1 170.70

PP 170.10

S1 168.91

S2 168.31

S3 167.12

GBP/USD

Market Scenario 1: Long positions above 1.4420 with targets @ 1.4460 & 1.4460

Market Scenario 2: Short positions below 1.4420 with targets @ 1.4364 & 1.4324

Comment: Sterling was trading calmly against US Dollar, closing yesterday’s session with almost no change. Today GBPUSD continues trading in the range slightly above Pivot point level.

Supports and Resistances:

R3 1.4556

R2 1.4516

R1 1.4460

PP 1.4420

S1 1.4364

S2 1.4324

S3 1.4268

USD/JPY

Market Scenario 1: Long positions above 117.89 with targets @ 118.16 & 118.63

Market Scenario 2: Short positions below 117.89 with targets @ 117.42 & 117.15

Comment: During yesterday’s session US Dollar managed to break through the first Resistance level and half way to the second one came under selling pressure and was sent below Pivot Point level, closing the session in negative territory. Today USDJPY has been very volatile, however, neither bull, nor bears succeeded in pushing the pair either direction.

Supports and Resistances:

R3 118.90

R2 118.63

R1 118.16

PP 117.89

S1 117.42

S2 117.15

S3 116.68

GOLD

Market Scenario 1: Long positions above 1089.31 with targets @ 1099.08 & 1105.11

Market Scenario 2: Short positions below 1089.31 with targets @ 1083.28 & 1073.51

Comment: After three consecutive trading days of losses, gold managed during yesterday’s session to close the day in profit. Today gold is trading slightly under pressure, albeit above Pivot point level.

Supports and Resistances:

R3 1120.91

R2 1105.11

R1 1099.08

PP 1089.31

S1 1083.28

S2 1073.51

S3 1057.71

CRUDE OIL

Market Scenario 1: Long positions above 30.77 with targets @ 31.46 & 32.38

Market Scenario 2: Short positions below 30.77 with targets @ 29.85 & 29.16

Comment: Crude oil during yesterday’s session tried to break through the Pivot Point level and the First Resistance level, however, being unable to sustain the selling pressure retreated by the end of the day to its opening price. Today Crude oil is trading positively and have already broken through the Pivot Point level.

Supports and Resistances:

R3 33.99

R2 32.38

R1 31.46

PP 30.77

S1 29.85

S2 29.16

S3 27.55

USD/RUB

Market Scenario 1: Long positions above 75.36 with targets @ 76.04 & 76.83

Market Scenario 2: Short positions below 75.36 with targets @ 74.57 & 73.89

Comment: US Dollar has been trading in the range against Russian Rubble for couple of days amid lack of price change in Crude oil.

Supports and Resistances:

R3 78.30

R2 76.83

R1 76.04

PP 75.36

S1 74.57

S2 73.89

S3 72.42


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 for 15/01/2016

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

AUD/USD

Market Scenario 1: Long positions above 0.6962 with targets @ 0.7015 & 0.7049

Market Scenario 2: Short positions below 0.6962 with targets @ 0.6928 & 0.6875

Comment: Aussie during yesterday’s session dropped to its lowest level at 0.6908 against US Dollar since 6th of September 2015, however by the end of the day managed to return all of the losses and even close the day in profit. Today AUDUSD came under pressure and has been sent back to its lows.

Supports and Resistances:

R3 0.7102

R2 0.7049

R1 0.7015

PP 0.6962

S1 0.6928

S2 0.6875

S3 0.6841


EUR/JPY

Market Scenario 1: Long positions above 128.26 with targets @ 128.77 & 129.27

Market Scenario 2: Short positions below 128.26 with targets @ 127.76 & 127.25

Comment: European currency during yesterday’s session edged higher for the second day in the row against US Dollar. However, today EURJPY came under pressure and was sent below Pivot Point level and even tested the first Support level.

Supports and Resistances:

R3 129.78

R2 129.27

R1 128.77

PP 128.26

S1 127.76

S2 127.25

S3 126.75

EUR/USD

Market Scenario 1: Long positions above 1.0880 with targets @ 1.0927 & 1.0988

Market Scenario 2: Short positions below 1.0880 with targets @ 1.0819 & 1.0772

Comment: European currency undertook an attempt to break through the First resistance level against US Dollar during yesterday’s session, however, encountered pressure retreated, closing the day in negative territory. Today EURUSD is trading with positive bias slightly above Pivot point level.

Supports and Resistances:

R3 1.1035

R2 1.0988

R1 1.0927

PP 1.0880

S1 1.0819

S2 1.0772

S3 1.0711

GBP/JPY

Market Scenario 1: Long positions above 169.82 with targets @ 170.82 & 171.50

Market Scenario 2: Short positions below 169.82 with targets @ 169.14 & 168.14

Comment: Sterling during yesterday’s session recorded a new low at 168.77 against Japanese Yen, nonetheless, it managed to find solid group and to close the session on the positive side. Today the pair is trading under pressure and has already reached yesterday’s low.

Supports and Resistances:

R3 172.50

R2 171.50

R1 170.82

PP 169.82

S1 169.14

S2 168.14

S3 167.46

GBP/USD

Market Scenario 1: Long positions above 1.4405 with targets @ 1.4451 & 1.4490

Market Scenario 2: Short positions below 1.4405 with targets @ 1.4366 & 1.4320

Comment: Sterling continues trading under pressure against US Dollar, even though it managed to close last two trading sessions with no losses. Today the pair is firmly moving downwards. Currently the pair broke through Pivot Point level and First Support level aiming to test Second one.

Supports and Resistances:

R3 1.4536

R2 1.4490

R1 1.4451

PP 1.4405

S1 1.4366

S2 1.4320

S3 1.4281

USD/JPY

Market Scenario 1: Long positions above 117.87 with targets @ 118.45 & 118.86

Market Scenario 2: Short positions below 117.87 with targets @ 117.46 & 116.88

Comment: US Dollar during yesterday’s session rose against Japanese Yen, closing the day with 51 pips profit. However, today the pair is trading under strong selling pressure having broken through Pivot Point level and the First Support level, heading towards the second one.

Supports and Resistances:

R3 119.44

R2 118.86

R1 118.45

PP 117.87

S1 117.46

S2 116.88

S3 116.47

GOLD

Market Scenario 1: Long positions above 1081.56 with targets @ 1091.88 & 1105.50

Market Scenario 2: Short positions below 1081.56 with targets @ 1067.94 & 1057.62

Comment: Gold during yesterday’s session was drastically sold off losing as much as 15 US Dollars per one once, closing the session at 1071.25. Today bullion is trading positively slightly above Pivot Point level.

Supports and Resistances:

R3 1129.44

R2 1105.50

R1 1091.88

PP 1081.56

S1 1067.94

S2 1057.62

S3 1033.68

CRUDE OIL

Market Scenario 1: Long positions above 31.07 with targets @ 31.87 & 32.56

Market Scenario 2: Short positions below 31.07 with targets @ 30.38 & 29.58

Comment: Crude oil during yesterday’s session managed to return some of the losses incurred during previous sessions, closing the day slightly in profit. Nonetheless today crude came under strong selling pressure dropping as low as 29.59 US Dollar per barrel.

Supports and Resistances:

R3 34.05

R2 32.56

R1 31.87

PP 31.07

S1 30.38

S2 29.58

S3 28.09

USD/RUB

Market Scenario 1: Long positions above 75.36 with targets @ 76.04 & 76.83

Market Scenario 2: Short positions below 75.36 with targets @ 74.57 & 73.89

Comment: Russian rubble continues trying to sustain the selling pressure amid deteriorating prices on crude oil, however, most probably the currency pair will continue raising. Currently the pair rose since opening of the day on 1 Russian rubble

Supports and Resistances:

R3 78.30

R2 76.83

R1 76.04

PP 75.36

S1 74.57

S2 73.89

S3 72.42

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 for 19/01/2016

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


AUD/USD

Market Scenario 1: Long positions above 0.6876 with targets @ 0.6912 & 0.6964

Market Scenario 2: Short positions below 0.6876 with targets @ 0.6824 & 0.6788

Comment: Having reached its lowest level of 0.6825 during Friday’s session, Aussie managed to recover some of the losses against the US Dollar on Monday’s session. Today the pair is trading positively close to the first Resistance Level.

Supports and Resistances:
R3 0.7000
R2 0.6964
R1 0.6912
PP 0.6876
S1 0.6824
S2 0.6788
S3 0.6736


EUR/JPY

Market Scenario 1: Long positions above 127.70 with targets @ 128.06 & 128.30

Market Scenario 2: Short positions below 127.70 with targets @ 127.46 & 127.10

Comment: European currency has been trading in the range between R3 and S3 against Japanese Yen for 10 sessions in the row. Range Bound strategy can be applied.

Supports and Resistances:
R3 128.66
R2 128.30
R1 128.06
PP 127.70
S1 127.46
S2 127.10
S3 126.86


EUR/USD

Market Scenario 1: Long positions above 1.0896 with targets @ 1.0924 & 1.0955

Market Scenario 2: Short positions below 1.0896 with targets @ 1.0865 & 1.0837

Comment: European currency during Monday’s session was trading under pressure closing the day with 30 pips loss. Today the pair continues its downward move having broken through the Pivot Point level and testing the First Resistance level.

Supports and Resistances:
R3 1.0983
R2 1.0955
R1 1.0924
PP 1.0896
S1 1.0865
S2 1.0837
S3 1.0806


GBP/JPY

Market Scenario 1: Long positions above 167.20 with targets @ 168.03 & 168.97

Market Scenario 2: Short positions below 167.20 with targets @ 166.26 & 165.43

Comment: Having reached its lowest level against Japanese Yen at 166.19 during Friday’s session Sterling found support and has been trading positively during Monday’s session. Today the pair continues its upward move having broken through the First resistance level and aiming to test the Second one.

Supports and Resistances:
R3 169.80
R2 168.97
R1 168.03
PP 167.20
S1 166.26
S2 165.43
S3 164.49


GBP/USD

Market Scenario 1: Long positions above 1.4266 with targets @ 1.4297 & 1.4353

Market Scenario 2: Short positions below 1.4266 with targets @ 1.4210 & 1.4179

Comment: Sterling during yesterday’s session reached its lowest level against US Dollar at 1.4235 the lowest level since May 2010. Today sterling is trading with positive bias above and has already broken through the First Resistance level.

Supports and Resistances:
R3 1.4384
R2 1.4353
R1 1.4297
PP 1.4266
S1 1.4210
S2 1.4179
S3 1.4123


USD/JPY

Market Scenario 1: Long positions above 117.16 with targets @ 117.59 & 117.87

Market Scenario 2: Short positions below 117.16 with targets @ 116.88 & 116.45

Comment: US Dollar has been trading very positively since the beginning of the week against Japanese Yen closing yesterday’s session with 60 pips profit. Today the pair has already overcome the distance of 50 pips and trades close to the Second Resistance level.

Supports and Resistances:
R3 118.30
R2 117.87
R1 117.59
PP 117.16
S1 116.88
S2 116.45
S3 116.17


GOLD

Market Scenario 1: Long positions above 1089.84 with targets @ 1092.39 & 1095.70

Market Scenario 2: Short positions below 1089.84 with targets @ 1086.53 & 1083.98

Comment: Gold has been trading flat during yesterday’s session amid public holiday’s in America and low liquidity. Today bullion is trading with positive bias above Pivot Point Level.

Supports and Resistances:
R3 1101.56
R2 1095.70
R1 1092.39
PP 1089.84
S1 1086.53
S2 1083.98
S3 1078.12


CRUDE OIL

Market Scenario 1: Long positions above 31.07 with targets @ 31.87 & 32.56

Market Scenario 2: Short positions below 31.07 with targets @ 30.38 & 29.58

Comment: Crude oil amid the easing of Sanctions on Iran and promises of the latter to significantly increase oil output in the nearest and longer term, dropped to its lowest level at 28.95 during yesterday’s session. Today crude is trading positively, however, further depreciation of Oil price might take place before an emergency meeting in March 2016

Supports and Resistances:
R3 34.05
R2 32.56
R1 31.87
PP 31.07
S1 30.38
S2 29.58
S3 28.09


USD/RUB

Market Scenario 1: Long positions above 77.42 with targets @ 79.11 & 80.09

Market Scenario 2: Short positions below 77.42 with targets @ 76.44 & 74.75

Comment: US Dollar opened Monday’s session with 2 rubbles gap at 77.82, thereby recording a new high. Today the pair amid slightly increased prices of Crude oil edged lower however, still trading above Pivot Point level.

Supports and Resistances:
R3 82.76
R2 80.09
R1 79.11
PP 77.42
S1 76.44
S2 74.75
S3 72.08

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 for 20/01/2016

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


AUD/USD

Market Scenario 1: Long positions above 0.6900 with targets @ 0.6963 0.7018

Market Scenario 2: Short positions below 0.6900 with targets @ 0.6845 & 0.6782

Comment: Aussie during yesterday’s session broke through the Pivot Point level and almost reached the First Resistance level against US Dollar, however, encountered selling pressure the pair retreated. Today right from the beginning of the session, bears took control over the pair managed to break through the Pivot Point level and currently testing the First Support level.

Supports and Resistances:

R3 0.7081
R2 0.7018
R1 0.6963
PP 0.6900
S1 0.6845
S2 0.6782
S3 0.6727

EUR/JPY

Market Scenario 1: Long positions above 128.19 with targets @ 128.66 & 129.01

Market Scenario 2: Short positions below 128.19 with targets @ 127.84 & 127.37

Comment: European currency during yesterday’s session rose to its recent highs against Japanese Yen close to the First Resistance level. Nonetheless, today the pair came under selling pressure and lost everything has earned during the previous session.

Supports and Resistances:

R3 129.48
R2 129.01
R1 128.66
PP 128.19
S1 127.84
S2 127.37
S3 127.02


EUR/USD

Market Scenario 1: Long positions above 1.0901 with targets @ 1.0943 & 1.0981

Market Scenario 2: Short positions below 1.0901 with targets @ 1.0863 & 1.0821

Comment: European currency during yesterday’s session was trading positively against US Dollar, closing the day with 23 pips profit. Today the pair continues its upward move and getting closer to its level 15th of December.

Supports and Resistances:

R3 1.1023
R2 1.0981
R1 1.0943
PP 1.0901
S1 1.0863
S2 1.0821
S3 1.0783


GBP/JPY

Market Scenario 1: Long positions above 167.31 with targets @ 168.29 & 170.07

Market Scenario 2: Short positions below 167.31 with targets @ 165.53 & 164.55

Comment: Sterling during yesterday’s session was trading negatively against Japanese Yen closing the session with 70 pips loss. Today the pair continues trading under pressure having already lost more than 120 pips and broken both Pivot point and the First Support levels.

Supports and Resistances:

R3 171.05
R2 170.07
R1 168.29
PP 167.31
S1 165.53
S2 164.55
S3 162.77


GBP/USD

Market Scenario 1: Long positions above 1.4208 with targets @ 1.4287 & 1.4419

Market Scenario 2: Short positions below 1.4208 with targets @ 1.4076 & 1.3997

Comment: GBP after a short break during Monday’s sessions continued its downward move against US Dollar, recording a new fresh low at 1.4128, the lowest level since March 2009. Today the pair is trading calmly ahead of UK’s Average earning report and Claimant Count Change as well as new form US.
Supports and Resistances:

R3 1.4498
R2 1.4419
R1 1.4287
PP 1.4208
S1 1.4076
S2 1.3997
S3 1.3865


USD/JPY

Market Scenario 1: Long positions above 117.65 with targets @ 118.08 & 118.54

Market Scenario 2: Short positions below 117.65 with targets @ 117.19 & 116.76

Comment: US Dollar during yesterday’s session broke through the Pivot Point level and almost reached the First Resistance level, however, encountered selling pressure the pair was sent below Pivot point level, closing the session slightly in profit. Today the pair was drastically sold off having lost more than 100 pips since the opening of the session and recording a new fresh low at 116.11

Supports and Resistances:

R3 118.97
R2 118.54
R1 118.08
PP 117.65
S1 117.19
S2 116.76
S3 116.30


GOLD

Market Scenario 1: Long positions above 1087.91 with targets @ 1093.57 & 1100.02

Market Scenario 2: Short positions below 1087.91 with targets @ 1081.46 & 1075.80

Comment: Gold during yesterday’s session was trading flat closing the session slightly in negative territory. Today bullion gathered some strength and managed to break through Pivot Point level and the First Resistance level aiming to test the Second one.

Supports and Resistances:

R3 1112.13
R2 1100.02
R1 1093.57
PP 1087.91
S1 1081.46
S2 1075.80
S3 1063.69


CRUDE OIL

Market Scenario 1: Long positions above 28.87 with targets @ 29.56 & 30.85

Market Scenario 2: Short positions below 28.87 with targets @ 27.58 & 26.89

Comment: Crude oil during yesterday’s session reached a new low at 28.19 against US Dollar. Today price for 1 Barrel of Crude oil dropped even further reaching 27.40, the lowest level since September 2003.

Supports and Resistances:

R3 32.83
R2 30.85
R1 29.56
PP 28.87
S1 27.58
S2 26.89
S3 24.91


USD/RUB

Market Scenario 1: Long positions above 77.66 with targets @ 78.33 & 79.21

Market Scenario 2: Short positions below 77.66 with targets @ 76.78 & 76.11

Comment: US Dollar continues appreciating against Russian Ruble reaching new low during yesterday’s session at 78.53. Today Russian rubble dropped even further and has already reached a fresh new low at 78.95.

Supports and Resistances:

R3 80.76
R2 79.21
R1 78.33
PP 77.66
S1 76.78
S2 76.11
S3 74.56

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 for 21/01/2016

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

AUD/USD

Market Scenario 1: Long positions above 0.6886 with targets @ 0.6944 & 0.6983

Market Scenario 2: Short positions below 0.6886 with targets @ 0.6847 & 0.6789

Comment: Aussie dollar having sunk to its lowest level at 0.6826 against US Dollar during yesterday’s session found support and managed to close the day in positive territory at 0.6925. Today the pair has already undertaken an attempt to test the first Resistance level, however, encountered selling pressure and retreated. Nonetheless further attempts to break through this level might take place today.

Supports and Resistances:

R3 0.7041
R2 0.6983
R1 0.6944
PP 0.6886
S1 0.6847
S2 0.6789
S3 0.6750

EUR/JPY

Market Scenario 1: Long positions above 127.45 with targets @ 128.29 & 129.19

Market Scenario 2: Short positions below 127.45 with targets @ 126.55 & 125.71

Comment: European currency during yesterday’s session came under selling pressure and was sent to the lowest level at 126.61 since 15th of April against Japanese Yen. Today the pair is trading flat ahead of ECB press conference and minimum Bid Rate.

Supports and Resistances:

R3 130.03
R2 129.19
R1 128.29
PP 127.45
S1 126.55
S2 125.71
S3 124.81

EUR/USD

Market Scenario 1: Long positions above 1.0914 with targets @ 1.0952 & 1.1013

Market Scenario 2: Short positions below 1.0914 with targets @ 1.0853 & 1.0815

Comment: European currency during yesterday’s session managed to break through the Pivot Point level and the First Resistance level against US Dollar, however, was unable to stabilize at the achieved level and dropped, closing the day in negative territory. Today the pair is trading calmly ahead of ECB Press Conference and US Unemployment claims figures.

Supports and Resistances:

R3 1.1051
R2 1.1013
R1 1.0952
PP 1.0914
S1 1.0853
S2 1.0815
S3 1.0754

GBP/JPY

Market Scenario 1: Long positions above 165.58 with targets @ 167.18 & 168.42

Market Scenario 2: Short positions below 165.58 with targets @ 164.34 & 162.74

Comment: Sterling during yesterday’s session continued falling against Japanese Yen recording a new low at 163.92. Today the pair continues trading under pressure slightly below Pivot Point Level.

Supports and Resistances:

R3 170.02
R2 168.42
R1 167.18
PP 165.58
S1 164.34
S2 162.74
S3 161.50

GBP/USD

Market Scenario 1: Long positions above 1.4177 with targets @ 1.4230 & 1.4271

Market Scenario 2: Short positions below 1.4177 with targets @ 1.4136 & 1.4083

Comment: Sterling closed yesterday’s session in positive territory against US Dollar, nonetheless it looks as a short break in overall downside move. Today the pair is trading flat, slightly below Pivot point level

Supports and Resistances:

R3 1.4324
R2 1.4271
R1 1.4230
PP 1.4177
S1 1.4136
S2 1.4083
S3 1.4042

USD/JPY

Market Scenario 1: Long positions above 116.86 with targets @ 117.75 & 118.56

Market Scenario 2: Short positions below 116.86 with targets @ 116.05 & 115.16

Comment: US Dollar during yesterday’s session came under selling pressure against Japanese Yen and was sent to its lowest level at 115.94, the lowest level since 16th of January 2015. Today the pair continues trading under pressure below Pivot Point level.

Supports and Resistances:

R3 119.45
R2 118.56
R1 117.75
PP 116.86
S1 116.05
S2 115.16
S3 114.35

GOLD

Market Scenario 1: Long positions above 1099.07 with targets @ 1111.03 & 1121.51

Market Scenario 2: Short positions below 1099.07 with targets @ 1088.59 & 1076.63

Comment: Gold during yesterday’s session rose against US Dollar, closing the day with 13 USD profit. Today bullion is trading flat, slightly above Pivot point level.
Supports and Resistances:

R3 1143.95
R2 1121.51
R1 1111.03
PP 1099.07
S1 1088.59
S2 1076.63
S3 1054.19

CRUDE OIL

Market Scenario 1: Long positions above 27.09 with targets @ 28.00 & 29.48

Market Scenario 2: Short positions below 27.09 with targets @ 25.61 & 24.70

Comment: Crude continued depreciating against US Dollar amid eased sanctions of Iran, which led to increase in supply of Crude oil on the Market. Today crude opened higher due to the switch to the new contract. However, the overall trend remains on the negative side.

Supports and Resistances:

R3 31.87
R2 29.48
R1 28.00
PP 27.09
S1 25.61
S2 24.70
S3 22.31


USD/RUB

Market Scenario 1: Long positions above 79.69 with targets @ 82.14 & 83.90

Market Scenario 2: Short positions below 79.69 with targets @ 77.93 & 75.48

Comment: US Dollar reached a fresh new high at 81.45 during yesterday’s session amid continues depreciation of Crude oil. Today the pair went even further reaching 84.94 Russian Rubles per 1 US Dollar. Continues decline in Oil prices may lead the pair reach 100 Russian Rubles per 1 US Dollar in the nearest term.

Supports and Resistances:

R3 88.11
R2 83.90
R1 82.14
PP 79.69
S1 77.93
S2 75.48
S3 71.27


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 0.6962 with targets @ 0.7051 & 0.7105
Market Scenario 2: Short positions below 0.6962 with targets @ 0.6908 & 0.6819
Comment: Aussie during yesterday’s session sharply rose against the US Dollar, closing the session with almost a hundred pips profit. Today the pair continues its upward move trading close to the First resistance level.
Supports and Resistances:
R3 0.7194
R2 0.7105
R1 0.7051
PP 0.6962
S1 0.6908
S2 0.6819
S3 0.6765

EUR/JPY

Market Scenario 1: Long positions above 127.44 with targets @ 128.73 & 129.47
Market Scenario 2: Short positions below 127.44 with targets @ 126.70 & 125.41
Comment: European currency having dropped to its lowest level 126.15 against Japanese Yen found support and managed to close the session with more than 60 pips profit at 128.20. In a way it shows that bulls are regaining the control of the currency or at least the bears are now not so confident.
Supports and Resistances:
R3 130.76
R2 129.47
R1 128.73
PP 127.44
S1 126.70
S2 125.41
S3 124.67
EUR/USD

Market Scenario 1: Long positions above 1.0857 with targets @ 1.0938 & 1.1000
Market Scenario 2: Short positions below 1.0857 with targets @ 1.0795 & 1.0714
Comment: European currency during yesterday’s session dropped to 1.0871 against US Dollar, however by the end of the session the pair managed to return most of the losses. Today EURUSD came under selling pressure and was sent below Pivot Point level
Supports and Resistances:
R3 1.1081
R2 1.1000
R1 1.0938
PP 1.0857
S1 1.0795
S2 1.0714
S3 1.0652

GBP/JPY

Market Scenario 1: Long positions above 166.49 with targets @ 168.54 & 169.75
Market Scenario 2: Short positions below 166.49 with targets @ 165.28 & 163.23
Comment: Sterling during yesterday’s session managed to close the day in positive territory against Japanese Yen, which showed a positive shift in the overall trend. Today the pair continues moving higher having broken through the first resistance level and moving towards the second one.
Supports and Resistances:
R3 171.80
R2 169.75
R1 168.54
PP 166.49
S1 165.28
S2 163.23
S3 162.02


GBP/USD

Market Scenario 1: Long positions above 1.4181 with targets @ 1.4285 & 1.4351
Market Scenario 2: Short positions below 1.4181 with targets @ 1.4115 & 1.4011
Comment: Sterling during yesterday’s session rose, closing the second day in the row in positive territory against US Dollar. Today the pair continues climbing higher and currently trading close to the First Resistance level.
Supports and Resistances:
R3 1.4455
R2 1.4351
R1 1.4285
PP 1.4181
S1 1.4115
S2 1.4011
S3 1.3945


USD/JPY

Market Scenario 1: Long positions above 116.86 with targets @ 117.75 & 118.56
Market Scenario 2: Short positions below 116.86 with targets @ 116.05 & 115.16
Comment: US Dollar during yesterday’s session managed to return all of the losses incurred on Wednesday and closed the session with 80 pips profit. Today the pair continues trading positively close to the First Resistance level
Supports and Resistances:
R3 119.45
R2 118.56
R1 117.75
PP 116.86
S1 116.05
S2 115.16
S3 114.35


GOLD

Market Scenario 1: Long positions above 1099.16 with targets @ 1106.10 & 1111.38
Market Scenario 2: Short positions below 1099.16 with targets @ 1093.88 & 1086.94
Comment: Gold being unable to break through its highest level at 1110 US dollars per troy ounce retreated closing yesterday’s session unchanged. Today bullion is trading under pressure below Pivot Point level
Supports and Resistances:
R3 1123.60
R2 1111.38
R1 1106.10
PP 1099.16
S1 1093.88
S2 1086.94
S3 1074.72


CRUDE OIL

Market Scenario 1: Long positions above 29.30 with targets @ 30.75 & 31.67
Market Scenario 2: Short positions below 29.30 with targets @ 28.38 & 26.93
Comment: Crude rose during yesterday’s session closing the day in positive territory for the first time in five sessions. Today Crude continues appreciating and trades close to 31 US Dollars a barrel.
Supports and Resistances:
R3 34.04
R2 31.67
R1 30.75
PP 29.30
S1 28.38
S2 26.93
S3 24.56


USD/RUB

Market Scenario 1: Long positions above 81.79 with targets @ 84.47 & 87.62
Market Scenario 2: Short positions below 81.79 with targets @ 78.64 & 75.96
Comment: US Dollar having reached its highest level at 84.94 against Russian rubble retreated amid increasing prices of Crude oil and subsequent appreciation of the Russian Rubble, closing the session at 81.32. Today the pair continues moving lower amid a better situation on the Oil market.
Supports and Resistances:
R3 93.45
R2 87.62
R1 84.47
PP 81.79
S1 78.64
S2 75.96
S3 70.13


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 0.7011 with targets @ 0.7037 & 0.7071
Market Scenario 2: Short positions below 0.7011 with targets @ 0.6977 & 0.6951
Comment: Aussie during Friday’s session came under selling pressure and closed the day in the negative territory against US Dollar, first negative day in 6 trading sessions. Today the pair continues trading under pressure below Pivot Point level.
Supports and Resistances:
R3 0.7097
R2 0.7071
R1 0.7037
PP 0.7011
S1 0.6977
S2 0.6951
S3 0.6917

EUR/JPY

Market Scenario 1: Long positions above 128.01 with targets @ 128.61 & 129.02
Market Scenario 2: Short positions below 128.01 with targets @ 127.60 & 127.00
Comment: European currency during Friday’s session closed the second day in the row in positive territory against Japanese Yen at 128.24. Today the pair is trading flat slightly above Pivot Point level
Supports and Resistances:
R3 129.62
R2 129.02
R1 128.61
PP 128.01
S1 127.60
S2 127.00
S3 126.59


EUR/USD

Market Scenario 1: Long positions above 1.0819 with targets @ 1.0850 & 1.0907
Market Scenario 2: Short positions below 1.0819 with targets @ 1.0762 & 1.0731
Comment: European currency during Friday’s session came under selling pressure and closed the day below 1.08 US Dollars per Euro. Today the pair is trading with positive bias, however, below Pivot Point level.

Supports and Resistances:
R3 1.0938
R2 1.0907
R1 1.0850
PP 1.0819
S1 1.0762
S2 1.0731
S3 1.0674


GBP/JPY

Market Scenario 1: Long positions above 168.92 with targets @ 170.78 & 172.20
Market Scenario 2: Short positions below 168.92 with targets @ 167.50 & 165.64
Comment: Sterling during Friday’s session managed to close the second day in a row on the positive side against Japanese Yen gaining as much as 350 pips profit per two days. Today the pair is trading slightly under pressure below Pivot Point Level.
Supports and Resistances:
R3 174.06
R2 172.20
R1 170.78
PP 168.92
S1 167.50
S2 165.64
S3 164.22


GBP/USD

Market Scenario 1: Long positions above 1.4276 with targets @ 1.4347 & 1.4434
Market Scenario 2: Short positions below 1.4276 with targets @ 1.4189 & 1.4118
Comment: Sterling during Friday’s session undertook an attempt to break through the First resistance level at 1.4347 against US Dollar, however, being unable to break it retreated closing the session below Pivot Point level. Today the pair is trading flat slightly below Pivot point level.


Supports and Resistances:
R3 1.4505
R2 1.4434
R1 1.4347
PP 1.4276
S1 1.4189
S2 1.4118
S3 1.4031



USD/JPY

Market Scenario 1: Long positions above 118.39 with targets @ 119.24 & 119.73
Market Scenario 2: Short positions below 118.39 with targets @ 117.90 & 117.05
Comment: US Dollar during Friday’s session closed the second day in the row on positive territory against Japanese Yen regaining as much as 200 pips per two days. Today the pair is trading slightly under pressure close to the Pivot Point level


Supports and Resistances:
R3 120.58
R2 119.73
R1 119.24
PP 118.39
S1 117.90
S2 117.05
S3 116.56



GOLD

Market Scenario 1: Long positions above 1098.08 with targets @ 1102.30 & 1106.92
Market Scenario 2: Short positions below 1098.08 with targets @ 1093.46 & 1089.24
Comment: Gold during Friday’s session was trading flat, closing the day almost unchanged against US dollar. Today bullion is trading firm, having already broken through the first resistance level and aiming to test Second one.
Supports and Resistances:
R3 1115.76
R2 1106.92
R1 1102.30
PP 1098.08
S1 1093.46
S2 1089.24
S3 1080.40


CRUDE OIL

Market Scenario 1: Long positions above 31.69 with targets @ 32.87 & 33.51
Market Scenario 2: Short positions below 31.69 with targets @ 31.05 & 29.87
Comment: Crude during yesterday’s session rose for the second day in the row closing the session at 32.33, the highest level since 11th of January. Today Crude oil came under pressure and was sent below Pivot Pont level aiming to brake the First support level.

Supports and Resistances:
R3 35.33
R2 33.51
R1 32.87
PP 31.69
S1 31.05
S2 29.87
S3 28.05



USD/RUB

Market Scenario 1: Long positions above 78.44 with targets @ 80.23 & 83.34
Market Scenario 2: Short positions below 78.44 with targets @ 75.33 & 73.54
Comment: US Dollar was drastically sold off against Russian ruble during Friday’s session amid increase in oil prices. However, today crude oil is trading no so firmly as previous two trading session and Russian ruble gradually giving back it positions gained in last two trading sessions.


Supports and Resistances:
R3 88.24
R2 83.34
R1 80.23
PP 78.44
S1 75.33
S2 73.54



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 0.6977 with targets @ 0.7007 & 0.7059
Market Scenario 2: Short positions below 0.6977 with targets @ 0.6925 & 0.6895
Comment: Since Aussie came under selling pressure on Friday 22nd January, after a two days’ rally, it continues depreciating against the US Dollar. During Yesterday’s session Aussie lost as much as 100 pips, and today it already testing the First Support level.
Supports and Resistances:
R3 0.7089
R2 0.7059
R1 0.7007
PP 0.6977
S1 0.6925
S2 0.6895
S3 0.6843


EUR/JPY

Market Scenario 1: Long positions above 128.24 with targets @ 128.63 & 128.94
Market Scenario 2: Short positions below 128.24 with targets @ 127.93 & 127.54
Comment: European currency recorded 4th day in the row of consecutive gains against Japanese Yen on yesterday’s session. Nonetheless today the pair came under pressure and was sent below Pivot Point level and is currently testing the First resistance level.
Supports and Resistances:
R3 129.33
R2 128.94
R1 128.63
PP 128.24
S1 127.93
S2 127.54
S3 127.23


EUR/USD

Market Scenario 1: Long positions above 1.0831 with targets @ 1.0873 & 1.0898
Market Scenario 2: Short positions below 1.0831 with targets @ 1.0806 & 1.0764
Comment: Having closed three trading sessions in a row in negative territory, European currency managed to find some solid ground and close yesterday’s session in profit against US Dollar. Today EURUSD continues trading with positive bias close to the First resistance level.
In profit. Supports and Resistances:
R3 1.0940
R2 1.0898
R1 1.0873
PP 1.0831
S1 1.0806
S2 1.0764
S3 1.0739


GBP/JPY

Market Scenario 1: Long positions above 168.94 with targets @ 169.59 & 170.64
Market Scenario 2: Short positions below 168.94 with targets @ 167.89 & 167.24
Comment: Sterling came under pressure against Japanese Yen during yesterday’s session ahead of BOJ Monetary Policy statement on Friday 29th January. Today Sterling continues depreciating against Yen and has already broken through First and Second Resistance levels.
Supports and Resistances:
R3 171.29
R2 170.64
R1 169.59
PP 168.94
S1 167.89
S2 167.24
S3 166.19


GBP/USD

Market Scenario 1: Long positions above 1.4259 with targets @ 1.4296 & 1.4345
Market Scenario 2: Short positions below 1.4259 with targets @ 1.4210 & 1.4173
Comment: Sterling continues trading under pressure against US Dollar, closing yesterday’s session with 25 pips loss. Today the pair dropped even further and has already broken the First Support level aiming to reach the second one.

Supports and Resistances:
R3 1.4382
R2 1.4345
R1 1.4296
PP 1.4259
S1 1.4210
S2 1.4173
S3 1.4124


USD/JPY

Market Scenario 1: Long positions above 118.43 with targets @ 118.71 & 119.12
Market Scenario 2: Short positions below 118.43 with targets @ 118.02 & 117.74
Comment: US Dollar after three consecutive days of gains closed yesterday’s session in negative territory against the Japanese Yen. Today the pair continues trading under pressure and has already tested both Support levels, however, being unable to sustain the buying pressure was sent above the First Support level
Supports and Resistances:
R3 119.40
R2 119.12
R1 118.71
PP 118.43
S1 118.02
S2 117.74
S3 117.33


GOLD

Market Scenario 1: Long positions above 1104.51 with targets @ 1111.97 & 1116.25
Market Scenario 2: Short positions below 1104.51 with targets @ 1100.23 & 1092.77
Comment: Gold during yesterday’s session rose against US Dollar, gaining as much as 10 US Dollar per troy ounce. Today bullion continues its upward move and having already broken through its recent high at 1112.82.

Supports and Resistances:
R3 1127.99
R2 1116.25
R1 1111.97
PP 1104.51
S1 1100.23
S2 1092.77
S3 1081.03


CRUDE OIL

Market Scenario 1: Long positions above 30.72 with targets @ 31.78 & 33.78
Market Scenario 2: Short positions below 31.69 with targets @ 31.05 & 29.87
Comment: Crude oil during yesterday’s session was drastically sold-off, having taken away all the gains it earned during Friday’s session. Today crude oil remains under pressure trading below Pivot Point level.


Supports and Resistances:
R3 36.84
R2 33.78
R1 31.78
PP 30.72
S1 28.72
S2 27.66
S3 24.60


USD/RUB

Market Scenario 1: Long positions above 77.56 with targets @ 80.68 & 82.27
Market Scenario 2: Short positions below 77.56 with targets @ 75.97 & 72.85
Comment: US Dollar having reached its lowest level at 74.45 during yesterday’s session against Russian Ruble gathered strength and rose, closing the session in positive territory at 79.08 Today the pair continues moving higher amid renewed drop in oil prices.

Supports and Resistances:
R3 86.98
R2 82.27
R1 80.68
PP 77.56
S1 75.97
S2 72.85
S3 68.14


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 0.6980 with targets @ 0.7043 & 0.7082
Market Scenario 2: Short positions below 0.6980 with targets @ 0.6941 & 0.6878
Comment: Aussie during yesterday rose against US Dollar, closing the session with 50 pips profit. Today the pair is trading firm and has already undertaken an attempt to break through the First Resistance level at 0.7043

Supports and Resistances:
R3 0.7145
R2 0.7082
R1 0.7043
PP 0.6980
S1 0.6941
S2 0.6878
S3 0.6839


EUR/JPY

Market Scenario 1: Long positions above 128.40 with targets @ 129.00 & 129.31
Market Scenario 2: Short positions below 128.40 with targets @ 128.09 & 127.49
Comment: European currency during yesterday’s session recorded 5th day of consecutive gains against Japanese Yen reaching its highest level at 128.74 since 8th January. Today the pair is trading slightly under pressure below Pivot Point level.

Supports and Resistances:
R3 129.91
R2 129.31
R1 129.00
PP 128.40
S1 128.09
S2 127.49
S3 127.18


EUR/USD

Market Scenario 1: Long positions above 1.0853 with targets @ 1.0888 & 1.0909
Market Scenario 2: Short positions below 1.0853 with targets @ 1.0832 & 1.0797
Comment: European currency closed second day in the row against US Dollar in the positive territory. However, looking at the bigger picture EUR is trading in the range against US Dollar between S3 and R3.
Supports and Resistances:
R3 1.0944
R2 1.0909
R1 1.0888
PP 1.0853
S1 1.0832
S2 1.0797
S3 1.0776

GBP/JPY

Market Scenario 1: Long positions above 169.04 with targets @ 171.11 & 172.34
Market Scenario 2: Short positions below 169.04 with targets @ 167.81 & 165.74
Comment: Sterling during yesterday’s session dropped as low as 166.92, however, by the end of the day managed to recover and even close the day in positive territory at 169.89 against Japanese Yen. Today the pair is trading under pressure close to the Pivot Point level

Supports and Resistances:
R3 174.41
R2 172.34
R1 171.11
PP 169.04
S1 167.81
S2 165.74
S3 164.51


GBP/USD

Market Scenario 1: Long positions above 1.4295 with targets @ 1.4419 & 1.4489
Market Scenario 2: Short positions below 1.4295 with targets @ 1.4225 & 1.4101
Comment: Sterling appreciated against US Dollar during yesterday’s session, closing the day with 100 pips profit. Today the pair is trading flat above Pivot Point level.

Supports and Resistances:
R3 1.4613
R2 1.4489
R1 1.4419
PP 1.4295
S1 1.4225
S2 1.4101
S3 1.4031



USD/JPY

Market Scenario 1: Long positions above 118.22 with targets @ 118.79 & 119.18
Market Scenario 2: Short positions below 118.22 with targets @ 117.83 & 117.26
Comment: US Dollar during yesterday’s session dropped below the closing price of 21 January, but having found support managed to return all the losses, closing the session in positive territory against Japanese Yen. Today the pair is trading slightly with negative bias, however, above pivot point level.
Supports and Resistances:
R3 119.75
R2 119.18
R1 118.79
PP 118.22
S1 117.83
S2 117.26
S3 116.87


GOLD

Market Scenario 1: Long positions above 1116.41 with targets @ 1126.03 & 1132.40
Market Scenario 2: Short positions below 1116.41 with targets @ 1110.04 & 1100.42
Comment: Gold during yesterday’s session reached a new high against US Dollar at 1122.78 closing the session with 11 USD profit. Today the pair is trading calmly, however, pivot point which yesterday was acting as resistance level today is supporting bullion.

Supports and Resistances:
R3 1148.39
R2 1132.40
R1 1126.03
PP 1116.41
S1 1110.04
S2 1100.42
S3 1084.43

CRUDE OIL

Market Scenario 1: Long positions above 31.04 with targets @ 32.84 & 34.20
Market Scenario 2: Short positions below 31.04 with targets @ 29.68 & 27.88
Comment: Crude oil during yesterday’s session was very volatile as it almost reached its recent highs at 32.72, however, came under selling pressure was sent below 31 US Dollars a barrel. Today Crude oil is trading flat, ahead of US inventories release.

Supports and Resistances:
R3 37.36
R2 34.20
R1 32.84
PP 31.04
S1 29.68
S2 27.88
S3 24.72


USD/RUB

Market Scenario 1: Long positions above 77.56 with targets @ 80.68 & 82.27
Market Scenario 2: Short positions below 77.56 with targets @ 75.97 & 72.85
Comment: US Dollar during yesterday’s session reached 81.28 against Russian Rubble amid deteriorating prices of Crude Oil, however, by the end of the day fell, closing the day in negative territory. Today the pair is trading flat, ahead of US crude oil release.
Supports and Resistances:
R3 86.98
R2 82.27
R1 80.68
PP 77.56
S1 75.97
S2 72.85
S3 68.14

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 0.7032 with targets @ 0.7074 & 0.7122
Market Scenario 2: Short positions below 0.7032 with targets @ 0.6984 & 0.6942

Comment: Aussie during yesterday’s session reached a new high at 0.781 against US dollar, however, encountered selling pressure and retreated below Pivot Point level. Today the currency pair is trading very positively and already reached its yesterday’s high which is close to the First Resistance level.

Supports and Resistances:
R3 0.7164
R2 0.7122
R1 0.7074
PP 0.7032
S1 0.6984
S2 0.6942
S3 0.6894


EUR/JPY

Market Scenario 1: Long positions above 129.00 with targets @ 129.75 & 130.23
Market Scenario 2: Short positions below 129.00 with targets @ 128.52 & 127.77

Comment: European currency during yesterday’s session recorded 6th day in the row in the positive territory against Japanese Yen, reaching a fresh new high at 129.48, the highest level since 4th of January 2016. Today the pair continues its upward move and has already reached a new high, trading close to 129.70

Supports and Resistances:
R3 130.98
R2 130.23
R1 129.75
PP 129.00
S1 128.52
S2 127.77
S3 127.29

EUR/USD

Market Scenario 1: Long positions above 1.0886 with targets @ 1.0922 & 1.0952
Market Scenario 2: Short positions below 1.0886 with targets @ 1.0856 & 1.0820

Comment: European currency during yesterday’s session continued appreciating against US Dollar for the third day in the row, closing the day with 35 pips profit. Today the pair is trading with a positive bias having already reached the First resistance level.

Supports and Resistances:
R3 1.0988
R2 1.0952
R1 1.0922
PP 1.0886
S1 1.0856
S2 1.0820
S3 1.0790


GBP/JPY

Market Scenario 1: Long positions above 169.16 with targets @ 169.77 & 170.62
Market Scenario 2: Short positions below 169.16 with targets @ 168.31 & 167.70

Comment: Sterling during yesterday’s session came under pressure close to its recent highs Against Japanese Yen and was sent below Pivot Point level, closing the session in negative territory. Today the pair is trading with positive bias, slightly above pivot point level.

Supports and Resistances:
R3 171.23
R2 170.62
R1 169.77
PP 169.16
S1 168.31
S2 167.70
S3 166.85


GBP/USD

Market Scenario 1: Long positions above 1.4271 with targets @ 1.4314 & 1.4396
Market Scenario 2: Short positions below 1.4271 with targets @ 1.4189 & 1.4146

Comment: Sterling during yesterday’s session came under selling pressure against US dollar, having lost everything it managed to gain during Monday’s session. Today the pair is trading calm, slightly above Pivot point level

Supports and Resistances:
R3 1.4439
R2 1.4396
R1 1.4314
PP 1.4271
S1 1.4189
S2 1.4146
S3 1.4064


USD/JPY

Market Scenario 1: Long positions above 118.60 with targets @ 119.15 & 119.62
Market Scenario 2: Short positions below 118.60 with targets @ 118.13 & 117.58

Comment: US Dollar during yesterday’s session closed the second day in the row in profit against Japanese Yen, recording a new high at 119.06. Today the pair continues its upward move, trading above pivot point level.

Supports and Resistances:
R3 120.17
R2 119.62
R1 119.15
PP 118.60
S1 118.13
S2 117.58
S3 117.11

GOLD

Market Scenario 1: Long positions above 1122.40 with targets @ 1130.14 & 1135.63
Market Scenario 2: Short positions below 1122.40 with targets @ 1116.91 & 1109.17

Comment: Gold during yesterday’s session recorded 3rd day in the row of consecutive gains against US Dollar, closing the session with 5 US profit per 1 ounce. Today gold came under pressure and was sent below Pivot point level.

Supports and Resistances:
R3 1148.86
R2 1135.63
R1 1130.14
PP 1122.40
S1 1116.91
S2 1109.17
S3 1095.94


CRUDE OIL

Market Scenario 1: Long positions above 31.69 with targets @ 33.27 & 34.39
Market Scenario 2: Short positions below 31.69 with targets @ 30.57 & 28.99

Comment: Crude oil during yesterday’s session managed to climb back to its recent highs at 32.82, closing the session with 1.64 Dollars profit per barrel. Today Crude continues appreciating against US Dollar and currently trading close to the First resistance level

Supports and Resistances:
R3 37.09
R2 34.39
R1 33.27
PP 31.69
S1 30.57
S2 28.99
S3 26.29


USD/RUB

Market Scenario 1: Long positions above 77.20 with targets @ 78.44 & 79.71
Market Scenario 2: Short positions below 77.20 with targets @ 75.93 & 74.69

Comment: US Dollar during yesterday’s session recorded third day in the row in negative territory against Russian ruble. Today the pair is trading close to 75 Russian ruble pre 1 US dollar, almost 10 rubbles away from pair’s recent high of 84.94.

Supports and Resistances:
R3 82.22
R2 79.71
R1 78.44
PP 77.20
S1 75.93
S2 74.69
S3 72.18

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 0.7032 with targets @ 0.7074 & 0.7122

Market Scenario 2: Short positions below 0.7032 with targets @ 0.6984 & 0.6942

Comment: Aussie during yesterday’s session recorded third day in the row in positive territory against US Dollar, closing the day with 60 pips profit. Today the pair continues its upward move having already tested the 1st resistance level.

Supports and Resistances:

R3 0.7258

R2 0.7192

R1 0.7138

PP 0.7072

S1 0.7018

S2 0.6952

S3 0.6898


EUR/JPY

Market Scenario 1: Long positions above 130.49 with targets @ 130.98 & 131.76

Market Scenario 2: Short positions below 130.49 with targets @ 129.71 & 129.22

Comment: European currency during yesterday’s session finished is in positive territory for the 7th day in a row against the Japanese Yen. Today Japanese yen was sold-off amid BOJ Governor’s decision to shift interest rates into negative territory. The BOJ will pay an interest rate of -0.1% on current accounts held by financial institutions. EUR appreciated amid this news for more than 200 pips against Japanese Yen and trading at 131.5

Supports and Resistances:

R3 131.76

R2 130.98

R1 130.49

PP 129.71

S1 129.22

S2 128.44

S3 127.95


EUR/USD

Market Scenario 1: Long positions above 1.0925 with targets @ 1.0982 & 1.1023

Market Scenario 2: Short positions below 1.0925 with targets @ 1.0884 & 1.0827

Comment: European currency during yesterday’s session continued its upward move against US Dollar, closing 4th day in the row in positive territory. However, today European currency is trading under pressure being sent below Pivot Point level.

R3 1.1080

R2 1.1023

R1 1.0982

PP 1.0925

S1 1.0884

S2 1.0827

S3 1.0786



GBP/JPY

Market Scenario 1: Long positions above 170.13 with targets @ 171.60 & 172.61

Market Scenario 2: Short positions below 170.13 with targets @ 169.12 & 167.65

Comment: Sterling during yesterday’s session managed to break through its recent highs at 170.3 and close the session above it. Today after BOJ’s decision to switch interest rates into negative territory, Sterling appreciated for almost 300 pips up to now.

Supports and Resistances:

R3 174.08

R2 172.61

R1 171.60

PP 170.13

S1 169.12

S2 167.65

S3 166.64


GBP/USD

Market Scenario 1: Long positions above 1.4332 with targets @ 1.4432 & 1.4506

Market Scenario 2: Short positions below 1.4332 with targets @ 1.4258 & 1.4158

Comment: After a failure session on Wednesday, Sterling managed to gather strength and close yesterday’s session on the positive side, offsetting the losses incurred during the preceding session. Today the pair is trading with positive bias, having already reached a new high at 1.4413, the highest level since 15th of January

Supports and Resistances:

R3 1.4606

R2 1.4506

R1 1.4432

PP 1.4332

S1 1.4258

S2 1.4158

S3 1.4084


USD/JPY

Market Scenario 1: Long positions above 118.73 with targets @ 119.06 & 119.30

Market Scenario 2: Short positions below 118.73 with targets @ 118.49 & 118.16

Comment: US Dollar during yesterday’s session closed the third day in the row in positive territory against Japanese Yen. Today, amid BOJ’s Governor Haruhiko Kuroda decision to switch the interest rates into negative territory, the pair rallied and currently trading 200 pips away from its opening price.

Supports and Resistances:

R3 119.63

R2 119.30

R1 119.06

PP 118.73

S1 118.49

S2 118.16

S3 117.92

GOLD

Market Scenario 1: Long positions above 1122.40 with targets @ 1130.14 & 1135.63

Market Scenario 2: Short positions below 1122.40 with targets @ 1116.91 & 1109.17

Comment: Gold during yesterday’s session came under pressure and closed the day in the negative territory for the first time during this week. Today bullion continues trading under pressure, and have already tested the first support level, which stands close to gold’s previous highs at 1109-1110 US dollars per ounce.

Supports and Resistances:

R3 1146.09

R2 1131.70

R1 1123.28

PP 1117.31

S1 1108.89

S2 1102.92

S3 1088.53


CRUDE OIL

Market Scenario 1: Long positions above 33.41 with targets @ 35.09 & 36.49

Market Scenario 2: Short positions below 33.41 with targets @ 32.01 & 30.33

Comment: Crude oil during yesterday’s session broke through its recent highs of 32.8 US Dollars a barrel amid Russian’s energy minister’s statement that Saudi Arabia had proposed that oil-producing countries trim output. Today Crude oil is trading close to 34 US Dollar a barrel. However, it is still long way to go from talks to actual oil production cuts

Supports and Resistances:

R3 39.57

R2 36.49

R1 35.09

PP 33.41

S1 32.01

S2 30.33

S3 27.25


USD/RUB

Market Scenario 1: Long positions above 75.77 with targets @ 77.05 & 78.59

Market Scenario 2: Short positions below 75.77 with targets @ 74.23 & 72.95

Comment: US Dollar during yesterday’s continued losing its positions against Russian Ruble and dropped as low as 74.48. Today the pair keeps moving lower, however, as soon as there will be more clarity on the agreement, if any, between OPEC and Non-OPEC oil producers the direction of the market will be clearer.

Supports and Resistances:

R3 81.41

R2 78.59

R1 77.05

PP 75.77

S1 74.23

S2 72.95

S3 70.13


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 0.7094 with targets @ 0.7131 & 0.7176
Market Scenario 2: Short positions below 0.7094 with targets @ 0.7049 & 0.7012

Comment: Aussie during Friday’s session reached a new high against US Dollar, however, encountered selling pressure and retreated, closing the session in the negative territory. Today the pair continues trading under pressure, below Pivot Point level

Supports and Resistances:
R3 0.7213
R2 0.7176
R1 0.7131
PP 0.7094
S1 0.7049
S2 0.7012
S3 0.6967


EUR/JPY

Market Scenario 1: Long positions above 131.01 with targets @ 132.44 & 133.72
Market Scenario 2: Short positions below 131.01 with targets @ 129.73 & 128.30

Comment: European currency during Friday’s session closed 8th day of consecutive gains against Japanese Yen closing the session with 120 pips profit. Today the pair is trading flat, slightly above Pivot point level.

Supports and Resistances:
R3 135.15
R2 133.72
R1 132.44
PP 131.01
S1 129.73
S2 128.30
S3 127.02


EUR/USD

Market Scenario 1: Long positions above 1.0863 with targets @ 1.0916 & 1.1002
Market Scenario 2: Short positions below 1.0863 with targets @ 1.0777 & 1.0724

Comment: European currency during Friday’s session came under selling pressure and was sent to 26th January low against US Dollar. Today the pair is trading with positive bias, however, below Pivot Point level
R3 1.1055
R2 1.1002
R1 1.0916
PP 1.0863
S1 1.0777
S2 1.0724
S3 1.0638


GBP/JPY

Market Scenario 1: Long positions above 172.23 with targets @ 174.37 & 176.31
Market Scenario 2: Short positions below 172.23 with targets @ 170.29 & 168.15

Comment: Sterling during yesterday’s session reached a new high against Japanese Yen at 174.12 amid BOJ decision to switch the interest rates into negative territory. Today the pair is trading calmly slightly above Pivot point level

Supports and Resistances:
R3 178.45
R2 176.31
R1 174.37
PP 172.23
S1 170.29
S2 168.15
S3 166.21


GBP/USD

Market Scenario 1: Long positions above 1.4267 with targets @ 1.4386 & 1.4531
Market Scenario 2: Short positions below 1.4267 with targets @ 1.4122 & 1.4003

Comment: Sterling during Friday’s session was sold-off against US Dollar, giving back all the gains earned during preceding session. Today GBPUSD is trading flat ahead of UK’s and US’s Manufacturing PMIs

Supports and Resistances:
R3 1.4650
R2 1.4531
R1 1.4386
PP 1.4267
S1 1.4122
S2 1.4003
S3 1.3858


USD/JPY

Market Scenario 1: Long positions above 120.43 with targets @ 122.34 & 123.59
Market Scenario 2: Short positions below 120.43with targets @ 119.18 & 117.27
Comment: US Dollar during Friday’s session appreciated for more than 230 Pips against Japanese Yen, closing the session at 121.10, amid BOJ Governor Kuroda decision to switch interest rated into negative territory. Today the pair is flat above Pivot point level

Supports and Resistances:
R3 125.50
R2 123.59
R1 122.34
PP 120.43
S1 119.18
S2 117.27
S3 116.02


GOLD

Market Scenario 1: Long positions above 1114.86 with targets @ 1121.46 & 1124.95
Market Scenario 2: Short positions below 1114.86 with targets @ 1111.37 & 1104.77

Comment: Having dropped to 8th January highs, gold found support and managed to close the session in positive territory against US Dollar. Today bullion continues trading with positive bias having already broken through the First Resistance level and aiming to test the second one

Supports and Resistances:
R3 1135.04
R2 1124.95
R1 1121.46
PP 1114.86
S1 1111.37
S2 1104.77
S3 1094.68

CRUDE OIL

Market Scenario 1: Long positions above 33.58 with targets @ 34.52 & 35.33
Market Scenario 2: Short positions below 33.58 with targets @ 32.77 & 31.83

Comment: Crude oil after three consecutive days of gains closed Friday’s session unchanged. Today crude oil came under selling pressure amid uncertainty whether OPEC and non-OPEC Oil producers can agree to reduce output for 5%.

Supports and Resistances:
R3 37.08
R2 35.33
R1 34.52
PP 33.58
S1 32.77
S2 31.83
S3 30.08


USD/RUB

Market Scenario 1: Long positions above 74.79 with targets @ 75.98 & 76.74
Market Scenario 2: Short positions below 74.79 with targets @ 74.03 & 72.84
Comment: US Dollar having reached its weakest level at 73.59 against Russian Rubles during Friday’s session rose closing the day at 75.23. Today the pair is trading in the range between 74 and 76 Russian rubles pre US Dollar.
Supports and Resistances:
R3 78.69
R2 76.74
R1 75.98
PP 74.79
S1 74.03
S2 72.84
S3 70.89


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]

Daily Technical Analysis for 02.02.2016

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

AUD/USD

Market Scenario 1: Long positions above 0.7092 with targets @ 0.7142 & 0.7170
Market Scenario 2: Short positions below 0.7092 with targets @ 0.7064 & 0.7014

Comment: Aussie during yesterday’s rose against US Dollar, closing the day with almost 100 pips profit. Today AUDUSD almost reached its highest level at 0.714, however, encountered selling pressure retreated and currently trading below Pivot Point level.

Supports and Resistances:
R3 0.7220
R2 0.7170
R1 0.7142
PP 0.7092
S1 0.7064
S2 0.7014
S3 0.6986

EUR/JPY

Market Scenario 1: Long positions above 131.66 with targets @ 132.09 & 132.44
Market Scenario 2: Short positions below 131.66 with targets @ 131.31 & 130.88

Comment: European currency slightly rose against Japanese Yen during yesterday’s session, closing the day with 32 pips profit. Today the pair is trading with negative bias, below Pivot point level.

Supports and Resistances:
R3 132.87
R2 132.44
R1 132.09
PP 131.66
S1 131.31
S2 130.88
S3 130.53


EUR/USD

Market Scenario 1: Long positions above 1.0871 with targets @ 1.0929 & 1.0969
Market Scenario 2: Short positions below 1.0871 with targets @ 1.0831 & 1.0773

Comment: European currency during yesterday’s session managed to recover some of the losses incurred on Friday against US Dollar, closing the session with 60 pips profit. Today the pair continues trading with positive bias close to the First resistance level.
R3 1.1027
R2 1.0969
R1 1.0929
PP 1.0871
S1 1.0831
S2 1.0773
S3 1.0733


GBP/JPY

Market Scenario 1: Long positions above 174.00 with targets @ 175.60 & 176.60
Market Scenario 2: Short positions below 174.00 with targets @ 173.00 & 171.40

Comment: Sterling during yesterday’s session recorded a new high against Japanese at 174.96, the highest level since 5th of January. Today the pair is trading under pressure and was sent below Pivot point level.

Supports and Resistances:
R3 178.20
R2 176.60
R1 175.60
PP 174.00
S1 173.00
S2 171.40
S3 170.40

GBP/USD

Market Scenario 1: Long positions above 1.4367 with targets @ 1.4508 & 1.4584
Market Scenario 2: Short positions below 1.4367 with targets @ 1.4291 & 1.4150

Comment: Sterling during yesterday’s session was trading very positively against US Dollar closing the day with more than 150 pips profit. Today the pair is trading calmly close to the Pivot Point level

Supports and Resistances:
R3 1.4725
R2 1.4584
R1 1.4508
PP 1.4367
S1 1.4291
S2 1.4150
S3 1.4074

USD/JPY

Market Scenario 1: Long positions above 121.04 with targets @ 121.42 & 121.85
Market Scenario 2: Short positions below 121.04 with targets @ 120.61 & 120.23

Comment: US Dollar, after Friday’s rally slightly retreated against Japanese Yen during yesterday’s session, closing the day with 30 pips Loss. Today the pair continues its downward move and has already reached the First Support level aiming to test the second one.

Supports and Resistances:
R3 122.23
R2 121.85
R1 121.42
PP 121.04
S1 120.61
S2 120.23
S3 119.80


GOLD

Market Scenario 1: Long positions above 1124.36 with targets @ 1133.45 & 1138.67
Market Scenario 2: Short positions below 1124.36 with targets @ 1119.14 & 1110.05
Comment: Gold continued its upward move against US Dollar during yesterday’s session, closing the day with almost 9 USD profit per 1 ounce. Today bullion is slightly under pressure, however, it continues trading above Pivot point level.

Supports and Resistances:
R3 1152.98
R2 1138.67
R1 1133.45
PP 1124.36
S1 1119.14
S2 1110.05
S3 1095.74


CRUDE OIL

Market Scenario 1: Long positions above 32.22 with targets @ 33.18 & 35.05
Market Scenario 2: Short positions below 32.22 with targets @ 30.35 & 29.39
Comment: Since there was no announcement of OPEC and Non -OPEC agreement to reduce output by 5%, supply continues exceeding demand which makes oil prices drop further. During yesterday’s session Crude oil lost more than 2 US dollars per barrel. Today WTI continues its downward move.
Supports and Resistances:
R3 37.88
R2 35.05
R1 33.18
PP 32.22
S1 30.35
S2 29.39
S3 26.56


USD/RUB

Market Scenario 1: Long positions above 75.50 with targets @ 76.97 & 77.92
Market Scenario 2: Short positions below 75.50 with targets @ 74.55 & 73.08
Comment: USD amid falling crude oil prices rose against Russian Ruble during yesterday’s session, closing the day with appreciated by 1 Rubble. Today the pair continues moving upwards and currently trading close to 77.5 Russian Rubles per US Dollar.

Supports and Resistances:
R3 80.34
R2 77.92
R1 76.97
PP 75.50
S1 74.55
S2 73.08
S3 70.66

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 03.02.2016
*All the charts are 30M charts with daily pivot points.

AUD/USD

Market Scenario 1: Long positions above 0.7066 with targets @ 0.7098 & 0.7161

Market Scenario 2: Short positions below 0.7066 with targets @ 0.7003 & 0.6971

Comment: Aussie during yesterday’s session came under selling pressure close to its resent highs and was sent below Pivot Point level, closing the session with almost 100 pips loss against US Dollar. Today the pair was sent even lower and touched the First Support level, where it found support and rose. Currently AUD/USD is trading close to the Pivot Point level.

Supports and Resistances:

R3 0.7193

R2 0.7161

R1 0.7098

PP 0.7066

S1 0.7003

S2 0.6971

S3 0.6908

EUR/JPY

Market Scenario 1: Long positions above 131.26 with targets @ 131.64 & 132.34

Market Scenario 2: Short positions below 131.26 with targets @ 130.56 & 130.18

Comment: European currency was bearish during yesterday’s session and lost almost 100 pips against Japanese Yen. Today the pair was send below the First Support level, however, it managed to find support and rose. Nonetheless, it continues trading below Pivot Point Level.

Supports and Resistances:

R3 132.72

R2 132.34

R1 131.64

PP 131.26

S1 130.56

S2 130.18

S3 129.48


EUR/USD

Market Scenario 1: Long positions above 1.0913 with targets @ 1.0942 & 1.0968

Market Scenario 2: Short positions below 1.0913 with targets @ 1.0887 & 1.0858

Comment: European currency during yesterday’s session continued its upwards move against US Dollar, getting closer to its recent highs. Today the pair is trading flat, near to the Pivot Point Level.

R3 1.0997

R2 1.0968

R1 1.0942

PP 1.0913

S1 1.0887

S2 1.0858

S3 1.0832


GBP/JPY

Market Scenario 1: Long positions above 173.41 with targets @ 174.09 & 175.35

Market Scenario 2: Short positions below 173.41 with targets @ 172.15 & 171.47

Comment: Japanese Yen strengthened against all its peers during yesterday’s session, which led GBP/JPY to drop below Pivot point level, closing the session with almost 200 pips loss. Today the pair is trading flat, close to the First Support level.

Supports and Resistances:

R3 176.03

R2 175.35

R1 174.09

PP 173.41

S1 172.15

S2 171.47

S3 170.21



GBP/USD

Market Scenario 1: Long positions above 1.4393 with targets @ 1.4460 & 1.4513

Market Scenario 2: Short positions below 1.4393 with targets @ 1.4340 & 1.4273

Comment: Having dropped almost 100 pips during yesterday’s session, sterling managed to recover its losses against US Dollar by the end of the day, closing the session almost unchanged. Today the pair continues trading with negative bias, however remains trading above Pivot point level.

Supports and Resistances:

R3 1.4580

R2 1.4513

R1 1.4460

PP 1.4393

S1 1.4340

S2 1.4273

S3 1.4220



USD/JPY

Market Scenario 1: Long positions above 120.27 with targets @ 120.71 & 121.47

Market Scenario 2: Short positions below 120.27 with targets @ 119.51 & 119.07

Comment: USD was drastically sold-off against Japanese Yen during yesterday’s session, closing the day with 120 pips loss. Today the pair was sent as low as 119.34, which is close to the First support level, where the pair found Support and rose.

Supports and Resistances:

R3 121.91

R2 121.47

R1 120.71

PP 120.27

S1 119.51

S2 119.07

S3 118.31

GOLD

Market Scenario 1: Long positions above 1127.27 with targets @ 1132.43 & 1136.01

Market Scenario 2: Short positions below 1127.27 with targets @ 1123.69 & 1118.53

Comment: Gold during yesterday’s session continued its upward move closing third day in the row in positive territory. Today bullion is trading under selling pressure, nonetheless First Support level continues withholding the price above it, proving itself as the strong one.

Supports and Resistances:

R3 1144.75

R2 1136.01

R1 1132.43

PP 1127.27

S1 1123.69

S2 1118.53

S3 1109.79


CRUDE OIL

Market Scenario 1: Long positions above 30.25 with targets @ 30.94 & 32.19

Market Scenario 2: Short positions below 30.25 with targets @ 29.00 & 28.31

Comment: Crude continued falling during yesterday’s session, closing the session with almost 2 US dollars’ loss. Today Crude is trading with positive bias, however, the bearish sentiment is still prevailing.


Supports and Resistances:

R3 34.13

R2 32.19

R1 30.94

PP 30.25

S1 29.00

S2 28.31

S3 26.37



USD/RUB

Market Scenario 1: Long positions above 77.81 with targets @ 79.65 & 80.69

Market Scenario 2: Short positions below 77.81 with targets @ 76.77 & 74.93

Comment: US during yesterday’s session continued appreciating against Russian ruble, closing the session at 78.61. Today amid slightly improved Crude oil price, the pair retread from its recent high of 80.03, and currently trading at 77.5

Supports and Resistances:

R3 83.57

R2 80.69

R1 79.65

PP 77.81

S1 76.77

S2 74.93

S3 72.05

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.