Daily Technical by AAATrade

[AAATrade]

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

AUD/USD

Market Scenario 1: Long positions above 0.7626 with targets @ 0.7654 & 0.7705

Market Scenario 2: Short positions below 0.7626 with targets @ 0.7575 & 0.7547

Comment: Aussie during yesterday’s session came under selling pressure and dropped against US Dollar, closing the day with more than 70 pips loss. Today the pair remain trading under pressure close to the First Support level.

Supports and Resistances:

R3 0.7733

R2 0.7705

R1 0.7654

PP 0.7626

S1 0.7575

S2 0.7547

S3 0.7496

EUR/JPY

Market Scenario 1: Long positions above 126.86 with targets @ 127.27 & 127.76

Market Scenario 2: Short positions below 126.86 with targets @ 126.37 & 125.96

Comment: European currency during yesterday’s session continued depreciating against Japanese Yen, closing second day in a row in negative territory. Today the pair dropped even further having broken both Support levels and currently trading close to the third one.

Supports and Resistances:

R3 128.17

R2 127.76

R1 127.27

PP 126.86

S1 126.37

S2 125.96

S3 125.47

EUR/USD

Market Scenario 1: Long positions above 1.1386 with targets @ 1.1414 & 1.1441

Market Scenario 2: Short positions below 1.1386 with targets @ 1.1359 & 1.1331

Comment: European currency during yesterday’s session was trading under pressure against US Dollar, however, by the end of the day managed to recover and closed the day almost unchanged. Today the pair continues trading under pressure having dropped below the First Support level.

R3 1.1469

R2 1.1441

R1 1.1414

PP 1.1386

S1 1.1359

S2 1.1331

S3 1.1304

GBP/JPY

Market Scenario 1: Long positions above 158.84 with targets @ 159.53 & 160.26

Market Scenario 2: Short positions below 158.84 with targets @ 158.11 & 157.42

Comment: Sterling during yesterday’s session was trading in a range against US Dollar, closing the day unchanged. Today the pair came under selling pressure and dropped having broken both support levels and currently testing the Third one.

Supports and Resistances:

R3 160.95

R2 160.26

R1 159.53

PP 158.84

S1 158.11

S2 157.42

S3 156.69

GBP/USD

Market Scenario 1: Long positions above 1.4258 with targets @ 1.4325 & 1.4389

Market Scenario 2: Short positions below 1.4258 with targets @ 1.4194 & 1.4127

Comment: Sterling during yesterday’s session rose against US Dollar, closing the day with almost 50 pips profit. Today the pair, however, came under selling pressure and dropped, giving back almost all the profit it managed to gain in the preceding trading session.

Supports and Resistances:

R3 1.4456

R2 1.4389

R1 1.4325

PP 1.4258

S1 1.4194

S2 1.4127

S3 1.4063

USD/JPY

Market Scenario 1: Long positions above 111.40 with targets @ 111.72 & 112.10

Market Scenario 2: Short positions below 111.40 with targets @ 111.02 & 110.70

Comment: US Dollar continued falling against Japanese Yen, closing second day in a row in negative territory. Today the pair dropped even further having broken through both Support level and reaching the third one at 110.32, the lowest level since 31st of October 2014.

Supports and Resistances:

R3 112.42

R2 112.10

R1 111.72

PP 111.40

S1 111.02

S2 110.70

S3 110.32

GOLD

Market Scenario 1: Long positions above 1217.34 with targets @ 1220.32 & 1225.40

Market Scenario 2: Short positions below 1217.34 with targets @ 1212.26 & 1209.28

Comment: Gold during yesterday’s session continued depreciating against US Dollar having dropped as low as 1214.25. Today, however, bullion gathered some strength and rose having broken both resistance levels and currently trading close to 1230 US Dollar per troy ounce.

Supports and Resistances

R3 1233.46

R2 1225.40

R1 1220.32

PP 1217.34

S1 1212.26

S2 1209.28

S3 1201.22

CRUDE OIL

Market Scenario 1: Long positions above 36.02 with targets @ 36.61 & 37.77

Market Scenario 2: Short positions below 36.02 with targets @ 34.86 & 34.27

Comment: Crude oil during yesterday’s session continued falling against US Dollar recording 6th trading session in a row in negative territory. Toda crude dropped even further and currently trading close to 35 US Dollars a barrel.

Supports and Resistances:

R3 39.52

R2 37.77

R1 36.61

PP 36.02

S1 34.86

S2 34.27

S3 32.52

USD/RUB

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

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

Comment: US Dollar rose during yesterday’s session against Russian Ruble amid deteriorating prices on Crude oil. Today the pair grew even further reaching 68 Rubbles per US Dollar.

Supports and Resistances:

R3 70.10

R2 68.80

R1 68.06

PP 67.50

S1 66.76

S2 66.20

S3 64.90

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

 

[AAATrade]

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

AUD/USD

Market Scenario 1: Long positions above 0.7583 with targets @ 0.7635 & 0.7670

Market Scenario 2: Short positions below 0.7583 with targets @ 0.7548 & 0.7496

Comment: Aussie during yesterday’s session managed to return the losses incurred on preceding session against US Dollar, closing the day with almost 60 pips profit. Today the pair continues trading with positive bias trading close to the First Resistance level.

Supports and Resistances:

R3 0.7722

R2 0.7670

R1 0.7635

PP 0.7583

S1 0.7548

S2 0.7496

S3 0.7461

EUR/JPY

Market Scenario 1: Long positions above 125.27 with targets @ 125.69 & 126.25

Market Scenario 2: Short positions below 125.27 with targets @ 124.71 & 124.29

Comment: European currency during yesterday’s session continued moving downwards against Japanese Yen closing the fourth day in a row in negative territory. Today the pair remains trading under pressure having broken through the First Support level and already tested the second one.

Supports and Resistances:

R3 126.67

R2 126.25

R1 125.69

PP 125.27

S1 124.71

S2 124.29

S3 123.73

EUR/USD

Market Scenario 1: Long positions above 1.1385 with targets @ 1.1444 & 1.1490

Market Scenario 2: Short positions below 1.1385 with targets @ 1.1339 & 1.1280

Comment: European currency during yesterday’s session continued trading under selling pressure against US Dollar, however, by the end of the day managed to recover and even closed the day in positive territory. Today the pair continues trading with positive bias having reached a new high at 1.1454 which is close to the First Resistance level

R3 1.1549

R2 1.1490

R1 1.1444

PP 1.1385

S1 1.1339

S2 1.1280

S3 1.1234

GBP/JPY

Market Scenario 1: Long positions above 155.40 with targets @ 156.29 & 157.54

Market Scenario 2: Short positions below 155.40 with targets @ 154.15 & 153.26

Comment: Sterling during yesterday’s session continued falling against Japanese yen for the third day in a row, closing yesterday’s session with 120 pips loss. Today the pair remain trading under pressure having reached a fresh new low at 153.31, the lowest level since September 2013.

Supports and Resistances:

R3 158.43

R2 157.54

R1 156.29

PP 155.40

S1 154.15

S2 153.26

S3 152.01

GBP/USD

Market Scenario 1: Long positions above 1.4099 with targets @ 1.4193 & 1.4265

Market Scenario 2: Short positions below 1.4099 with targets @ 1.4027 & 1.3933

Comment: Sterling during yesterday’s session came under selling pressure and was sent as low as 1.40 against US Dollar, however, managed to recover most of its losses and closed the day 1.412. Today the pair continues trading under pressure, nonetheless, remains above Pivot point level.

Supports and Resistances:

R3 1.4359

R2 1.4265

R1 1.4193

PP 1.4099

S1 1.4027

S2 1.3933

S3 1.3861

USD/JPY

Market Scenario 1: Long positions above 110.53 with targets @ 111.12 & 111.94

Market Scenario 2: Short positions below 110.53 with targets @ 109.71 & 109.12

Comment: US Dollar during yesterday’s session continued depreciating against Japanese Yen for the 6th day in a row, closing yesterday’s session with 60 pips loss. Today the selling pressure on the pair has intensified sending USDJPY to its lowest level since October 2014 at 108.61.

Supports and Resistances:

R3 112.53

R2 111.94

R1 111.12

PP 110.53

S1 109.71

S2 109.12

S3 108.30

GOLD

Market Scenario 1: Long positions above 1223.57 with targets @ 1230.53 & 1239.01

Market Scenario 2: Short positions below 1223.57 with targets @ 1215.09 & 1208.13

Comment: Gold during yesterday’s session came under selling pressure against US Dollar and dropped, closing the day with 9 US Dollars loss. Today bullion is trading with positive bias above Pivot Point level

Supports and Resistances

R3 1254.45

R2 1239.01

R1 1230.53

PP 1223.57

S1 1215.09

S2 1208.13

S3 1192.69

CRUDE OIL

Market Scenario 1: Long positions above 37.33 with targets @ 38.26 & 38.80

Market Scenario 2: Short positions below 37.33 with targets @ 36.79 & 35.86

Comment: Crude oil during yesterday’s session rose against US Dollar for the second day in a row, closing the session at 37.71 amid decrease of 4.9M barrels in US Crude oil inventories. Today oil continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 40.27

R2 38.80

R1 38.26

PP 37.33

S1 36.79

S2 35.86

S3 34.39

USD/RUB

Market Scenario 1: Long positions above 67.17 with targets @ 67.80 & 68.92

Market Scenario 2: Short positions below 67.17 with targets @ 66.05 & 65.42

Comment: US Dollar dropped during yesterday’s session against Russian ruble amid overall weakness against its peers along with increase price on Crude oil. Today the pair is trading slightly with positive bias, however remain below Pivot point level.

Supports and Resistances:

R3 70.67

R2 68.92

R1 67.80

PP 67.17

S1 66.05

S2 65.42

S3 63.67

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 capit

 

[AAATrade]

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

AUD/USD

Market Scenario 1: Long positions above 0.7544 with targets @ 0.7598 & 0.7690

Market Scenario 2: Short positions below 0.7544 with targets @ 0.7452 & 0.7398

Comment: Aussie during yesterday’s session came under selling pressure against US Dollar and dropped, closing the day with 90 pips loss. Today the pair is trading with positive bias, however, remains below Pivot point level.

Supports and Resistances:

R3 0.7744

R2 0.7690

R1 0.7598

PP 0.7544

S1 0.7452

S2 0.7398

S3 0.7306

EUR/JPY

Market Scenario 1: Long positions above 123.64 with targets @ 124.76 & 126.41

Market Scenario 2: Short positions below 123.64 with targets @ 121.99 & 120.87

Comment: European currency was drastically sold-off during yesterday’s session against US Dollar, closing the day with almost 200 pips loss. Today the pair is trading slightly with positive bias, however, the overall trend remains a downtrend.

Supports and Resistances:

R3 127.53

R2 126.41

R1 124.76

PP 123.64

S1 121.99

S2 120.87

S3 119.22

EUR/USD

Market Scenario 1: Long positions above 1.1389 with targets @ 1.1442 & 1.1505

Market Scenario 2: Short positions below 1.1389 with targets @ 1.1326 & 1.1273

Comment: European currency during yesterday’s session undertook an attempt to break through the First Resistance level at 1.14420 against US Dollar, however, encountered selling pressure the pair retreated closing the day in negative territory. Today the pair continues trading under pressure below Pivot Point level.

R3 1.1558

R2 1.1505

R1 1.1442

PP 1.1389

S1 1.1326

S2 1.1273

S3 1.1210

GBP/JPY

Market Scenario 1: Long positions above 153.00 with targets @ 154.37 & 156.69

Market Scenario 2: Short positions below 153.00 with targets @ 150.68 & 149.31

Comment: Sterling during yesterday’s session continued depreciating against Japanese Yen, having reached 151.59, the lowest level since August 2013. Today the pair is trading slightly with positive bias, however, remain below Pivot Point level.

Supports and Resistances:

R3 158.06

R2 156.69

R1 154.37

PP 153.00

S1 150.68

S2 149.31

S3 146.99

GBP/USD

Market Scenario 1: Long positions above 1.4086 with targets @ 1.4126 & 1.4195

Market Scenario 2: Short positions below 1.4086 with targets @ 1.4017 & 1.3977

Comment: Sterling during yesterday’s session continued depreciating against US Dollar, closing third day in a row in negative territory. Today the pair is trading slightly with positive bias, however, remain below Pivot point level.

Supports and Resistances:

R3 1.4235

R2 1.4195

R1 1.4126

PP 1.4086

S1 1.4017

S2 1.3977

S3 1.3908

USD/JPY

Market Scenario 1: Long positions above 108.58 with targets @ 109.50 & 110.82

Market Scenario 2: Short positions below 108.58 with targets @ 107.26 & 106.34

Comment: US Dollar during yesterday’s session was drastically sold-off against Japanese yen, closing the day with 150 pips loss. Today the pair is trading with positive bias above Pivot point level.

Supports and Resistances:

R3 111.74

R2 110.82

R1 109.50

PP 108.58

S1 107.26

S2 106.34

S3 105.02

GOLD

Market Scenario 1: Long positions above 1235.20 with targets @ 1247.97 & 1255.81

Market Scenario 2: Short positions below 1235.20 with targets @ 1227.36 & 1214.59

Comment: Gold during yesterday’s session rose against US Dollar regaining all the losses incurred during preceding trading session. Today bullion is trading slightly under pressure, however, remain above pivot point level.

Supports and Resistances

R3 1276.42

R2 1255.81

R1 1247.97

PP 1235.20

S1 1227.36

S2 1214.59

S3 1193.98

CRUDE OIL

Market Scenario 1: Long positions above 37.48 with targets @ 38.30 & 39.08

Market Scenario 2: Short positions below 37.48 with targets @ 36.70 & 35.88

Comment: Crude oil during yesterday’s session came under selling pressure, however, managed to recover by the end of the day, closing the session almost unchanged. Today Crude is trading with positive bias above the First Resistance level.

Supports and Resistances:

R3 40.68

R2 39.08

R1 38.30

PP 37.48

S1 36.70

S2 35.88

S3 34.28

USD/RUB

Market Scenario 1: Long positions above 67.17 with targets @ 67.80 & 68.92

Market Scenario 2: Short positions below 67.17 with targets @ 66.05 & 65.42

Comment: US Dollar during yesterday’s session was trading with positive bias and managed to close the session with slight profit. Today, however, the pair came under selling pressure and dropped amid increasing oil prices.

Supports and Resistances:

R3 70.67

R2 68.92

R1 67.80

PP 67.17

S1 66.05

S2 65.42

S3 63.67

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]

AUD/USD

Market Scenario 1: Long positions above 0.7725 with targets @ 0.7757 & 0.7806

Market Scenario 2: Short positions below 0.7725 with targets @ 0.7676 & 0.7644

Comment: Aussie during Friday’s session continued trading under selling pressure, closing the third day in a row in negative territory against US Dollar. Today the pair is trading flat below Pivot point level.

Supports and Resistances:

R3 0.7838

R2 0.7806

R1 0.7757

PP 0.7725

S1 0.7676

S2 0.7644

S3 0.7595


EUR/JPY

Market Scenario 1: Long positions above 124.79 with targets @ 126.18 & 126.88

Market Scenario 2: Short positions below 124.79 with targets @ 124.09 & 122.70

Comment: European currency during Friday’s session rose against Japanese Yen, closing the session with almost 200 pips profit. Today the pair is trading slightly under pressure, however, remains above pivot point level.

Supports and Resistances:

R3 128.27

R2 126.88

R1 126.18

PP 124.79

S1 124.09

S2 122.70

S3 122.00

EUR/USD

Market Scenario 1: Long positions above 1.1249 with targets @ 1.1280 & 1.1340

Market Scenario 2: Short positions below 1.1249 with targets @ 1.1189 & 1.1158

Comment: European currency during Friday’s session continued falling against US Dollar for the third day in a row, reaching 1.1274, the lowest level since 29th of March. Today the pair is trading with positive bias having managed to climb above Pivot point level.

R3 1.1371

R2 1.1340

R1 1.1280

PP 1.1249

S1 1.1189

S2 1.1158

S3 1.1098


GBP/JPY

Market Scenario 1: Long positions above 159.56 with targets @ 162.62& 164.30

Market Scenario 2: Short positions below 159.56 with targets @ 157.88 & 154.82

Comment: Sterling during Friday’s session rallied against Japanese Yen, closing the session with more than 400 pips profit. Today the pair opened with a positive gap, reaching its highest level 161.81, however, encountered selling pressure dropped and is currently trading close to 160 Japanese yen pre Sterling.

Supports and Resistances:

R3 167.36

R2 164.30

R1 162.62

PP 159.56

S1 157.88

S2 154.82

S3 153.14


GBP/USD

Market Scenario 1: Long positions above 1.4388 with targets @ 1.4463 & 1.4527

Market Scenario 2: Short positions below 1.4388 with targets @ 1.4324 & 1.4249

Comment: Sterling during yesterday’s session rose against US Dollar, closing the day with almost 100 pips profit. Today the pair opened the session higher, however encountered selling pressure slightly retreated, but still remains above pivot Point level.

Supports and Resistances:

R3 1.4602

R2 1.4527

R1 1.4463

PP 1.4388

S1 1.4324

S2 1.4249

S3 1.4185


USD/JPY

Market Scenario 1: Long positions above 110.94 with targets @ 112.64 & 113.49

Market Scenario 2: Short positions below 110.94 with targets @ 110.09 & 108.39

Comment: US Dollar during Friday’s session rallied against Japanese Yen closing the session with more than 200 pips profit. Today the pair is trading slightly under pressure, however, remains above Pivot point level.

Supports and Resistances:

R3 115.19

R2 113.49

R1 112.64

PP 110.94

S1 110.09

S2 108.39

S3 107.54

GOLD

Market Scenario 1: Long positions above 1237.26 with targets @ 1247.37 & 1262.55

Market Scenario 2: Short positions below 1237.26 with targets @ 1222.08 & 1211.97

Comment: Gold during Friday’s session came under selling pressure and dropped, closing the day with almost 15 US Dollars loss. Today bullion is trading flat slightly below Pivot point level.

Supports and Resistances

R3 1287.84

R2 1262.55

R1 1247.37

PP 1237.26

S1 1222.08

S2 1211.97

S3 1186.68

CRUDE OIL

Market Scenario 1: Long positions above 43.75 with targets @ 44.41 & 45.09

Market Scenario 2: Short positions below 43.75 with targets @ 43.07 & 42.41

Comment: Crude Oil slightly rose during Friday’s session and reached 44.43 US Dollars per barrel. Today Crude oil is trading slightly with negative bias below Pivot point level.

Supports and Resistances:

R3 46.43

R2 45.09

R1 44.41

PP 43.75

S1 43.07

S2 42.41

S3 41.07




USD/RUB

Market Scenario 1: Long positions above 65.12 with targets @ 65.70 & 66.41

Market Scenario 2: Short positions below 65.12 with targets @ 64.41 & 63.83

Comment: US Dollar came under selling pressure during Friday’s session against Russian ruble closing the session in negative territory. Today the pair is trading flat close to the First Resistance level.

Supports and Resistances:

R3 67.70

R2 66.41

R1 65.70

PP 65.12

S1 64.41

S2 63.83

S3 62.54

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]

AUD/USD

Market Scenario 1: Long positions above 0.7711 with targets @ 0.7732 & 0.7749

Market Scenario 2: Short positions below 0.7711 with targets @ 0.7694 & 0.7673

Comment: Aussie during yesterday’s session slightly rose against US Dollar, closing the session with 15 pips profit. Today the pair continues trading flat, slightly below Pivot point level.

Supports and Resistances:

R3 0.7770

R2 0.7749

R1 0.7732

PP 0.7711

S1 0.7694

S2 0.7673

S3 0.7656


EUR/JPY

Market Scenario 1: Long positions above 125.21 with targets @ 125.61 & 125.93

Market Scenario 2: Short positions below 125.21with targets @ 124.89 & 124.49

Comment: European currency during yesterday’s session was trading under pressure against Japanese Yen, however, by the end of the day managed to recover most of the losses. Today the pair continues trading under pressure having already broken through the First Support level and heading towards the second one.

Supports and Resistances:

R3 126.33

R2 125.93

R1 125.61

PP 125.21

S1 124.89

S2 124.49

S3 124.17


EUR/USD

Market Scenario 1: Long positions above 1.1254 with targets @ 1.1293 & 1.1318

Market Scenario 2: Short positions below 1.1254 with targets @ 1.1229 & 1.1190

Comment: European currency during yesterday’s session gathered some strength and rose against US Dollar, closing the session with 45 pips profit. Today the pair is trading flat however, remain above Pivot point level.

R3 1.1357

R2 1.1318

R1 1.1293

PP 1.1254

S1 1.1229

S2 1.1190

S3 1.1165


GBP/JPY

Market Scenario 1: Long positions above 160.93 with targets @ 161.85 & 162.67

Market Scenario 2: Short positions below 160.93 with targets @ 160.11 & 159.19

Comment: Sterling during yesterday’s session was trading slightly under pressure against Japanese Yen, closing the session with 21 pips loss. Today the pair remain trading under pressure close to the Pivot Point level.

Supports and Resistances:

R3 163.59

R2 162.67

R1 161.85

PP 160.93

S1 160.11

S2 159.19

S3 158.37


GBP/USD

Market Scenario 1: Long positions above 1.4468 with targets @ 1.4533 & 1.4585

Market Scenario 2: Short positions below 1.4468 with targets @ 1.4416 & 1.4351

Comment: Sterling during yesterday’s session continued its upwards move against Japanese Yen for the second day in a row, closing the day with 26 pips profit. Today the pair rose even higher, breaking through the highs of 18th of March and reaching the First Resistance level.

Supports and Resistances:

R3 1.4650

R2 1.4585

R1 1.4533

PP 1.4468

S1 1.4416

S2 1.4351

S3 1.4299


USD/JPY

Market Scenario 1: Long positions above 111.29 with targets @ 111.76 & 112.32

Market Scenario 2: Short positions below 111.29 with targets @ 110.73 & 110.26

Comment: US Dollar during yesterday’s session came under selling pressure and dropped against Japanese Yen, closing the session with almost 60 pips loss. Today the pair continues trading under pressure having already reached the First Support level.

Supports and Resistances:

R3 112.79

R2 112.32

R1 111.76

PP 111.29

S1 110.73

S2 110.26

S3 109.70

GOLD

Market Scenario 1: Long positions above 1236.54 with targets @ 1243.24 & 1248.78

Market Scenario 2: Short positions below 1236.54 with targets @ 1231.00 & 1224.30

Comment: Gold during yesterday’s session slightly rose against US Dollar, closing the day with 5 US Dollars profit. Today bullion is trading flat, slightly with negative bias below Pivot point level.

Supports and Resistances

R3 1261.02

R2 1248.78

R1 1243.24

PP 1236.54

S1 1231.00

S2 1224.30

S3 1212.06


CRUDE OIL

Market Scenario 1: Long positions above 43.18 with targets @ 43.81 & 44.64

Market Scenario 2: Short positions below 43.18 with targets @ 42.35 & 41.72

Comment: Crude Oil during yesterday’s session came under pressure and dropped against US Dollar, closing the day with almost 1 US Dollar loss. Today Crude continues trading under pressure below Pivot point level.

Supports and Resistances:

R3 46.10

R2 44.64

R1 43.81

PP 43.18

S1 42.35

S2 41.72

S3 40.26




USD/RUB

Market Scenario 1: Long positions above 65.12 with targets @ 65.70 & 66.41

Market Scenario 2: Short positions below 65.12 with targets @ 64.41 & 63.83

Comment: US Dollar during yesterday’s session was trading flat against Russian rubble, closing the session almost unchanged. Today the pair continues trading in a range close to Pivot point level.

Supports and Resistances:

R3 67.70

R2 66.41

R1 65.70

PP 65.12

S1 64.41

S2 63.83

S3 62.54



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]

AUD/USD

Market Scenario 1: Long positions above 0.7736 with targets @ 0.7776 & 0.7805

Market Scenario 2: Short positions below 0.7736 with targets @ 0.7707 & 0.7667

Comment: Aussie during yesterday’s session rose against US Dollar, recording second day in a row in positive territory. However, today the pair came under selling pressure and was drastically sold off amid poor inflation data from Australia which went to negative territory. Currently the pair is trading below Third Support level.

Supports and Resistances:

R3 0.7845

R2 0.7805

R1 0.7776

PP 0.7736

S1 0.7707

S2 0.7667

S3 0.7638


EUR/JPY

Market Scenario 1: Long positions above 125.48 with targets @ 126.27 & 126.77

Market Scenario 2: Short positions below 125.48 with targets @ 124.98 & 124.19

Comment: European currency during yesterday’s session rose against Japanese Yen, closing the session with 45 pips profit. Today the pair continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 127.56

R2 126.77

R1 126.27

PP 125.48

S1 124.98

S2 124.19

S3 123.69


EUR/USD

Market Scenario 1: Long positions above 1.1298 with targets @ 1.1341 & 1.1381

Market Scenario 2: Short positions below 1.1298 with targets @ 1.1258 & 1.1215

Comment: European currency during yesterday’s session continued appreciating against US Dollar for the second day in a row, closing the session with 30 pips profit. Today the pair continues trading with positive bias close to the First Resistance level.

R3 1.1424

R2 1.1381

R1 1.1341

PP 1.1298

S1 1.1258

S2 1.1215

S3 1.1175


GBP/JPY

Market Scenario 1: Long positions above 161.81 with targets @ 163.16 & 164.05

Market Scenario 2: Short positions below 161.81 with targets @ 160.92 & 159.57

Comment: Sterling during yesterday’s session renewed its appreciation against Japanese Yen, closing the session above its Monday’s highs. Today the pair reached a new high at 162.56, which is slightly above Pivot point level.

Supports and Resistances:

R3 165.40

R2 164.05

R1 163.16

PP 161.81

S1 160.92

S2 159.57

S3 158.68


GBP/USD

Market Scenario 1: Long positions above 1.4566 with targets @ 1.4653 & 1.4726

Market Scenario 2: Short positions below 1.4566 with targets @ 1.4493 & 1.4406

Comment: Sterling during yesterday’s session continued appreciating against US Dollar for the third day in a row against US Dollar, reaching 1.4637 its highest level since 4th of January 2016. Today the pair continues moving upwards trading above Pivot point level.

Supports and Resistances:

R3 1.4813

R2 1.4726

R1 1.4653

PP 1.4566

S1 1.4493

S2 1.4406

S3 1.4333


USD/JPY

Market Scenario 1: Long positions above 111.14 with targets @ 111.63 & 111.95

Market Scenario 2: Short positions below 111.14 with targets @ 110.82 & 110.33

Comment: US Dollar during yesterday’s session was trading under pressure against Japanese Yen, however, by the end of the day managed to recover and even closed the day slightly in positive territory. Today the pair is trading flat close to the Pivot Point level.

Supports and Resistances:

R3 112.44

R2 111.95

R1 111.63

PP 111.14

S1 110.82

S2 110.33

S3 110.01


GOLD

Market Scenario 1: Long positions above 1239.67 with targets @ 1248.20 & 1253.23

Market Scenario 2: Short positions below 1239.67 with targets @ 1234.64 & 1226.11

Comment: Gold during yesterday’s session rose against US Dollar for the second day in a row, closing the session with 5 US Dollars profit. Today bullion continues trading with positive bias close to the First Resistance level.

Supports and Resistances

R3 1266.79

R2 1253.23

R1 1248.20

PP 1239.67

S1 1234.64

S2 1226.11

S3 1212.55


CRUDE OIL

Market Scenario 1: Long positions above 43.98 with targets @ 45.47 & 46.31

Market Scenario 2: Short positions below 43.98 with targets @ 43.14 & 41.65

Comment: Crude Oil during yesterday’s session rose against US Dollar, closing the session with almost 2 US Dollars profit and reaching 44.81 its highest level since 6th of November 2015. Today Crude oil continues moving upwards trading close to 45 US Dollars a barrel.

Supports and Resistances:

R3 48.64

R2 46.31

R1 45.47

PP 43.98

S1 43.14

S2 41.65

S3 39.32


USD/RUB

Market Scenario 1: Long positions above 64.65 with targets @ 65.25 & 66.47

Market Scenario 2: Short positions below 64.65 with targets @ 63.43 & 62.83

Comment: US Dollar during yesterday’s session dropped against Russian rubble amid continued improvements in Crude Oil prices. Today the pair continues trading under pressure close to its lowest levels.

Supports and Resistances:

R3 68.29

R2 66.47

R1 65.25

PP 64.65

S1 63.43

S2 62.83

S3 61.01


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

 

[AAATrade]

AUD/USD

Market Scenario 1: Long positions above 0.7635 with targets @ 0.7721 & 0.7852

Market Scenario 2: Short positions below 0.7635 with targets @ 0.7504 & 0.7418

Comment: Aussie during yesterday’s session was drastically sold-off against US Dollar amid poor inflation data, closing the session with 150 pips loss. Today the pair is trading with positive bias having managed to recover some of the losses and currently trading slightly above Pivot Point level.

Supports and Resistances:

R3 0.7938

R2 0.7852

R1 0.7721

PP 0.7635

S1 0.7504

S2 0.7418

S3 0.7287


EUR/JPY

Market Scenario 1: Long positions above 125.98 with targets @ 126.52 & 126.85

Market Scenario 2: Short positions below 125.98 with targets @ 125.65 & 125.11

Comment: European currency during yesterday’s session rose against Japanese Yen for the second day in a row. However, today the pair was drastically sold-off amid news that BOJ will refrain from any adding extra stimulus to kick start the stagnating economy. The pair has already lost more than 350 pips since the beginning of the session.

Supports and Resistances:

R3 127.39

R2 126.85

R1 126.52

PP 125.98

S1 125.65

S2 125.11

S3 124.78


EUR/USD

Market Scenario 1: Long positions above 1.1317 with targets @ 1.1365 & 1.1407

Market Scenario 2: Short positions below 1.1317 with targets @ 1.1275 & 1.1227

Comment: European currency during yesterday’s session continued appreciating against US Dollar for the third day in a row, closing the session with 30 pips profit. Toda the pair continues trading with positive bias above the First Resistance level.

R3 1.1455

R2 1.1407

R1 1.1365

PP 1.1317

S1 1.1275

S2 1.1227

S3 1.1185


GBP/JPY

Market Scenario 1: Long positions above 162.12 with targets @ 162.72 & 163.39

Market Scenario 2: Short positions below 162.12 with targets @ 161.45 & 160.85

Comment: Sterling during yesterday’s session was trading flat against Japanese Yen, closing the session almost unchanged. Nonetheless, today the pair was drastically sold-off amid news that BOJ will refrain from adding any extra stimulus to kick start the stagnating economy. Amid this news the pair lost more than 380 pips since the opening of the session.

Supports and Resistances:

R3 163.99

R2 163.39

R1 162.72

PP 162.12

S1 161.45

S2 160.85

S3 160.18


GBP/USD

Market Scenario 1: Long positions above 1.4545 with targets @ 1.4618 & 1.4694

Market Scenario 2: Short positions below 1.4545 with targets @ 1.4469 & 1.4396

Comment: Sterling during yesterday’s session continued raising against US Dollar, closing the session with 20 pips profit. Today the pair continues trading with positive bias above Pivot Point level.

Supports and Resistances:

R3 1.4767

R2 1.4694

R1 1.4618

PP 1.4545

S1 1.4469

S2 1.4396

S3 1.4320


USD/JPY

Market Scenario 1: Long positions above 111.14 with targets @ 111.63 & 111.95

Market Scenario 2: Short positions below 111.14 with targets @ 110.82 & 110.33

Comment: US Dollar during yesterday’s session was trading with positive bias against Japanese Yen, closing second day in a row in positive territory. However, the pair was sold off amid Hawkish comments for BOJ, having lost more than 320 pips since the opening of the session.

Supports and Resistances:

R3 112.52

R2 112.14

R1 111.79

PP 111.41

S1 111.06

S2 110.68

S3 110.33


GOLD

Market Scenario 1: Long positions above 1245.85 with targets @ 1252.48 & 1259.31

Market Scenario 2: Short positions below 1245.85 with targets @ 1239.02 & 1232.39

Comment: Gold during yesterday’s session continued appreciating against US Dollar for the third day in a row. Today Bullion rose even further and managed to gain more than 11 US Dollars since opening of the session and currently trading above the First Resistance level.

Supports and Resistances

R3 1272.77

R2 1259.31

R1 1252.48

PP 1245.85

S1 1239.02

S2 1232.39

S3 1218.93


CRUDE OIL

Market Scenario 1: Long positions above 44.88 with targets @ 46.02 & 46.72

Market Scenario 2: Short positions below 44.88 with targets @ 44.18 & 43.04

Comment: Crude Oil during yesterday’s session continued appreciating against US Dollar and managed to break through psychologically important level of 45 US Dollars a barrel. Today Crude remain trading with positive bias above Pivot point level.

Supports and Resistances:

R3 48.56

R2 46.72

R1 46.02

PP 44.88

S1 44.18

S2 43.04

S3 41.20


USD/RUB

Market Scenario 1: Long positions above 64.65 with targets @ 65.25 & 66.47

Market Scenario 2: Short positions below 64.65 with targets @ 63.43 & 62.83

Comment: US Dollar during yesterday’s session undertook an attempt to break through the Pivot point level against Russian Ruble, however, encountered selling pressure retreated, closing the day almost unchanged. Today the pair continues trading under pressure below Pivot point level.

Supports and Resistances:

R3 68.29

R2 66.47

R1 65.25

PP 64.65

S1 63.43

S2 62.83

S3 61.01


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

 

[AAATrade]

AUD/USD

Market Scenario 1: Long positions above 0.7561 with targets @ 0.7640 & 0.7797

Market Scenario 2: Short positions below 0.7561 with targets @ 0.7404 & 0.7325

Comment: Aussie during yesterday’s session was drastically sold-off against US Dollar as Reserve Bank of Australia lowered its cash rate by 25 basis points to 1.75%. Amid this news the pair lost almost 200 pips during yesterday’s session. Today the pair is trading slightly with positive bias

Supports and Resistances:

R3 0.7876

R2 0.7797

R1 0.7640

PP 0.7561

S1 0.7404

S2 0.7325

S3 0.7168


EUR/JPY

Market Scenario 1: Long positions above 122.47 with targets @ 122.83 & 123.10

Market Scenario 2: Short positions below 122.47 with targets @ 122.20 & 121.84

Comment: European currency during yesterday’s session rose against Japanese Yen for the second day in a row. Today the pair is trading with positive bias above the First Resistance level.

Supports and Resistances:

R3 123.46

R2 123.10

R1 122.83

PP 122.47

S1 122.20

S2 121.84

S3 121.57


EUR/USD

Market Scenario 1: Long positions above 1.1535 with targets @ 1.1576 & 1.1656

Market Scenario 2: Short positions below 1.1535 with targets @ 1.1455 & 1.1414

Comment: European currency during yesterday’s session reached a fresh new high against US Dollar at 1.1615, however, encountered selling pressure retreated closing the day in negative territory. Today the pair is trading flat below Pivot point level.

R3 1.1697

R2 1.1656

R1 1.1576

PP 1.1535

S1 1.1455

S2 1.1414

S3 1.1334


GBP/JPY

Market Scenario 1: Long positions above 155.17 with targets @ 155.93 & 156.92

Market Scenario 2: Short positions below 155.17 with targets @ 154.18 & 153.42

Comment: Sterling during yesterday’s session dropped against Japanese yen, closing the session with 60 pips loss. Today the pair is trading in a range slightly above Pivot point level.

Supports and Resistances:

R3 157.68

R2 156.92

R1 155.93

PP 155.17

S1 154.18

S2 153.42

S3 152.43


GBP/USD

Market Scenario 1: Long positions above 1.4611 with targets @ 1.4692 & 1.4851

Market Scenario 2: Short positions below 1.4611 with targets @ 1.4469 & 1.4396

Comment: Sterling during yesterday’s session reached a new high against US Dollar at 1.4666, however, encountered selling pressure the pair retreated, closing the day at 1.4534, 130 pips away from the high. Today the pair is trading flat, below Pivot point level.

Supports and Resistances:

R3 1.4932

R2 1.4851

R1 1.4692

PP 1.4611

S1 1.4452

S2 1.4371

S3 1.4212


USD/JPY

Market Scenario 1: Long positions above 106.27 with targets @ 107.00 & 107.40

Market Scenario 2: Short positions below 106.27 with targets @ 105.87 & 105.14

Comment: US Dollar during yesterday’s session reached a new low against Japanese Yen at 105.52, the lowest level since October 2014, however, the pair managed to find some solid ground and recover, closing the day in positive territory. Today the pair is trading with positive bias, having already undertaken an attempt to break through the Second Resistance level.

Supports and Resistances:

R3 108.13

R2 107.40

R1 107.00

PP 106.27

S1 105.87

S2 105.14

S3 104.74


GOLD

Market Scenario 1: Long positions above 1289.98 with targets @ 1298.02 & 1309.62

Market Scenario 2: Short positions below 1289.98 with targets @ 1278.38 & 1270.34

Comment: Gold during yesterday’s session came under selling pressure against US Dollar and dropped, closing the day with 5 US Dollar loss. Today bullion continues trading under pressure having already reached the First Support level.

Supports and Resistances

R3 1329.26

R2 1309.62

R1 1298.02

PP 1289.98

S1 1278.38

S2 1270.34

S3 1250.70


CRUDE OIL

Market Scenario 1: Long positions above 44.16 with targets @ 45.03 & 46.19

Market Scenario 2: Short positions below 44.16 with targets @ 43.00 & 42.13

Comment: Crude Oil during yesterday’s session continued falling against US Dollar for the third day in a row amid renewed fears of a global glut, closing g the day with 1 US Dollar loss. Today Crude Is trading flat ahead of US Crude Oil inventories report.

Supports and Resistances:

R3 48.22

R2 46.19

R1 45.03

PP 44.16

S1 43.00

S2 42.13

S3 40.10


USD/RUB

Market Scenario 1: Long positions above 64.65 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.65 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s session rose against Russian ruble amid decreased prices on Crude oil. Today the pair rose even further, however encountered selling pressure retreated and currently trading close to the Pivot point level.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


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]

AUD/USD

Market Scenario 1: Long positions above 0.7473 with targets @ 0.7499 & 0.7544

Market Scenario 2: Short positions below 0.7473 with targets @ 0.7428 & 0.7402

Comment: Aussie during yesterday’s session continued falling against US Dollar for the second day in a row, closing the session with 30 pips loss. Today, however, AUDSUD is trading with positive bias having already managed to recover all the losses incurred during yesterday’s session and currently trading slightly above the First Resistance level.

Supports and Resistances:

R3 0.7570

R2 0.7544

R1 0.7499

PP 0.7473

S1 0.7428

S2 0.7402

S3 0.7357


EUR/JPY

Market Scenario 1: Long positions above 122.89 with targets @ 123.49 & 124.08

Market Scenario 2: Short positions below 122.89 with targets @ 122.30 & 121.70

Comment: European currency during yesterday’s session came under pressure against Japanese Yen, however, by the end of the day managed to recover almost all of the losses, closing the day slightly in negative territory. Today the pair is trading with positive bias above Pivot point level.

Supports and Resistances:

R3 124.68

R2 124.08

R1 123.49

PP 122.89

S1 122.30

S2 121.70

S3 121.11


EUR/USD

Market Scenario 1: Long positions above 1.1493 with targets @ 1.1521 & 1.1557

Market Scenario 2: Short positions below 1.1493 with targets @ 1.1457 & 1.1429

Comment: European currency during yesterday’s session continued trading under pressure against US Dollar, closing second day in a row in negative territory. Today EURUSD is trading flat ahead of US Unemployment claims.

R3 1.1585

R2 1.1557

R1 1.1521

PP 1.1493

S1 1.1457

S2 1.1429

S3 1.1393


GBP/JPY

Market Scenario 1: Long positions above 155.20 with targets @ 155.99 & 156.93

Market Scenario 2: Short positions below 155.20 with targets @ 154.26 & 153.47

Comment: Sterling during yesterday’s session was trading under pressure against Japanese Yen, closing second day in a row in negative territory. Today the pair, however, is trading with positive bias slightly above Pivot point level

Supports and Resistances:

R3 157.72

R2 156.93

R1 155.99

PP 155.20

S1 154.26

S2 153.47

S3 152.53


GBP/USD

Market Scenario 1: Long positions above 1.4508 with targets @ 1.4556 & 1.4618

Market Scenario 2: Short positions below 1.4508 with targets @ 1.4446 & 1.4398

Comment: Sterling during yesterday’s session continued depreciating against US Dollar for the second day in a row, closing the session with 40 pips loss. Today the pair is trading flat ahead of US Unemployment benefits, close to the Pivot point level.

Supports and Resistances:

R3 1.4666

R2 1.4618

R1 1.4556

PP 1.4508

S1 1.4446

S2 1.4398

S3 1.4336


USD/JPY

Market Scenario 1: Long positions above 106.89 with targets @ 107.53 & 108.08

Market Scenario 2: Short positions below 106.89 with targets @ 106.34 & 105.70

Comment: US Dollar during yesterday’s session was very volatile against the Japanese Yen, however, managed to close the day in positive territory. Today US Dollar continues appreciating against Japanese Yen, trading above Pivot point level.

Supports and Resistances:

R3 108.72

R2 108.08

R1 107.53

PP 106.89

S1 106.34

S2 105.70

S3 105.15


GOLD

Market Scenario 1: Long positions above 1280.16 with targets @ 1288.78 & 1298.16

Market Scenario 2: Short positions below 1280.16 with targets @ 1270.78 & 1262.16

Comment: Gold during yesterday’s session continued falling against US Dollar for the third day in a row, closing the session with 6 US Dollars loss. Today Bullion is trading flat, slightly below Pivot Point Level.

Supports and Resistances

R3 1316.16

R2 1298.16

R1 1288.78

PP 1280.16

S1 1270.78

S2 1262.16

S3 1244.16


CRUDE OIL

Market Scenario 1: Long positions above 44.03 with targets @ 44.86 & 45.69

Market Scenario 2: Short positions below 44.03 with targets @ 43.20 & 42.37

Comment: Crude Oil during yesterday’s session managed to find solid ground and rose against US Dollar, despite the fact that US Crude oil inventories rose more than analysts expected. Today Crude rose even further having broken through the First Resistance level and the psychologically important level of 45 US Dollars a barrel and aiming to test the Second Resistance level.

Supports and Resistances:

R3 47.35

R2 45.69

R1 44.86

PP 44.03

S1 43.20

S2 42.37

S3 40.71


USD/RUB

Market Scenario 1: Long positions above 64.95 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.95 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s session continued raising against Russian ruble for the third day in a row. Today, however, US Dollar fell against Russian ruble amid improved prices of energy products.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7476 with targets @ 0.7501 & 0.7537

Market Scenario 2: Short positions below 0.7476 with targets @ 0.7440 & 0.7415

Comment: Aussie during yesterday’s session undertook an attempt to break through the first resistance level against US Dollar, however, encountered selling pressure retreated, closing the day almost unchanged. Today the selling pressure on the pair has intensified sending AUDUSD below both 1st and 2nd Support levels. Currently the pair testing the last Support level for today.

Supports and Resistances:

R3 0.7562

R2 0.7537

R1 0.7501

PP 0.7476

S1 0.7440

S2 0.7415

S3 0.7379


EUR/JPY

Market Scenario 1: Long positions above 122.51 with targets @ 122.93 & 123.54

Market Scenario 2: Short positions below 122.51 with targets @ 121.90 & 121.48

Comment: European currency during yesterday’s session came under pressure against Japanese Yen and dropped, closing the day with 60 pips loss. Today the pair continues trading with negative bias below Pivot point level

Supports and Resistances:

R3 123.96

R2 123.54

R1 122.93

PP 122.51

S1 121.90

S2 121.48

S3 120.87


EUR/USD

Market Scenario 1: Long positions above 1.1428 with targets @ 1.1470 & 1.1536

Market Scenario 2: Short positions below 1.1428 with targets @ 1.1362 & 1.1320

Comment: European currency during yesterday’s session continued depreciating against US Dollar for the third day in a row, closing the session with 80 pips loss. Today EURUSD is trading flat below Pivot point level.

R3 1.1578

R2 1.1536

R1 1.1470

PP 1.1428

S1 1.1362

S2 1.1320

S3 1.1254


GBP/JPY

Market Scenario 1: Long positions above 155.35 with targets @ 155.84 & 156.34

Market Scenario 2: Short positions below 155.35 with targets @ 154.85 & 154.36

Comment: Sterling during yesterday’s session continued trading in a range between S1 and R1 against Japanese Yen. Today the pair came under selling pressure and dropped below the First Support level.

Supports and Resistances:

R3 156.83

R2 156.34

R1 155.84

PP 155.35

S1 154.85

S2 154.36

S3 153.86


GBP/USD

Market Scenario 1: Long positions above 1.4485 with targets @ 1.4528 & 1.4571

Market Scenario 2: Short positions below 1.4485 with targets @ 1.4442 & 1.4399

Comment: Sterling during yesterday’s session continued depreciating against US Dollar for the third day in a row. Today the pair remains trading under pressure below Pivot Point level.

Supports and Resistances:

R3 1.4614

R2 1.4571

R1 1.4528

PP 1.4485

S1 1.4442

S2 1.4399

S3 1.4356


USD/JPY

Market Scenario 1: Long positions above 107.18 with targets @ 107.56 & 107.87

Market Scenario 2: Short positions below 107.18 with targets @ 106.87 & 106.49

Comment: US Dollar during yesterday’s session kept raising against Japanese Yen for the fourth day in a row, closing the session with 25 pips gain. However, today the pair came under selling pressure and dropped, currently trading at the First Support level.

Supports and Resistances:

R3 108.25

R2 107.87

R1 107.56

PP 107.18

S1 106.87

S2 106.49

S3 106.18


GOLD

Market Scenario 1: Long positions above 1277.50 with targets @ 1286.35 & 1295.10

Market Scenario 2: Short positions below 1277.50 with targets @ 1268.75 & 1259.90

Comment: Gold during yesterday’s session continued trading under pressure against US Dollar, however, by the end of the day managed to find solid ground and recover, closing the day almost unchanged. Today bullion is trading slightly with positive bias above Pivot point level.

Supports and Resistances

R3 1312.70

R2 1295.10

R1 1286.35

PP 1277.50

S1 1268.75

S2 1259.90

S3 1242.30


CRUDE OIL

Market Scenario 1: Long positions above 44.83 with targets @ 45.71 & 46.94

Market Scenario 2: Short positions below 44.83 with targets @ 43.60 & 42.72

Comment: Crude Oil during yesterday’s session undertook an attempt to break through the First Resistance level, however, encountered selling pressure retreated, closing the session below Pivot Point level. Today Crude is trading with negative bias close to 44 US Dollars a barrel.

Supports and Resistances:

R3 49.05

R2 46.94

R1 45.71

PP 44.83

S1 43.60

S2 42.72

S3 40.61


USD/RUB

Market Scenario 1: Long positions above 64.95 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.95 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s session dropped against Russian ruble amid increase prices of Crude oil. However, today the pair is trading with positive bias above Pivot point level.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7336 with targets @ 0.7364 & 0.7414

Market Scenario 2: Short positions below 0.7336 with targets @ 0.7286 & 0.7258

Comment: Aussie during yesterday’s session continued depreciating against US Dollar for the second day in a row, closing the session with 50 pip loss. Today the pair dripped even further almost reaching the First Support level, however, gathered some strength the AUDUSD rose, and currently trading above Pivot Point level.

Supports and Resistances:

R3 0.7442

R2 0.7414

R1 0.7364

PP 0.7336

S1 0.7286

S2 0.7258

S3 0.7208


EUR/JPY

Market Scenario 1: Long positions above 122.91 with targets @ 124.08 & 124.86

Market Scenario 2: Short positions below 122.91 with targets @ 122.13 & 120.96

Comment: European currency during yesterday’s rose against Japanese Yen, closing the session with 130 pips profit. Today the pair continues moving upwards trading close to the First Resistance level.

Supports and Resistances:

R3 126.03

R2 124.86

R1 124.08

PP 122.91

S1 122.13

S2 120.96

S3 120.18

EUR/USD

Market Scenario 1: Long positions above 1.1391 with targets @ 1.1409 & 1.1436

Market Scenario 2: Short positions below 1.1391 with targets @ 1.1364 & 1.1346

Comment: European currency during yesterday’s session continued trading under pressure against US Dollar for the fourth trading session in a row. Today EURUSD was sent to test the First Support level, however, the pair didn’t manage to break through it and rose and currently trading slightly above Pivot point level.

R3 1.1454

R2 1.1436

R1 1.1409

PP 1.1391

S1 1.1364

S2 1.1346

S3 1.1319


GBP/JPY

Market Scenario 1: Long positions above 155.57 with targets @ 156.89 & 157.75

Market Scenario 2: Short positions below 155.57 with targets @ 154.71 & 153.39

Comment: Sterling during yesterday’s session rose against Japanese Yen, closing the session with almost 80 pips profit. Today the pair continues trading with positive bias having already broken through the First Resistance level.

Supports and Resistances:

R3 159.07

R2 157.75

R1 156.89

PP 155.57

S1 154.71

S2 153.39

S3 152.53


GBP/USD

Market Scenario 1: Long positions above 1.4419 with targets @ 1.4465 & 1.4524

Market Scenario 2: Short positions below 1.4419 with targets @ 1.4360 & 1.4314

Comment: Sterling during yesterday’s session continued trading under pressure against US Dollar, however, by the end of the day managed to recover and close the day almost unchanged. Today the pair gathered some strength and trading with positive bias above Pivot point level.

Supports and Resistances:

R3 1.4570

R2 1.4524

R1 1.4465

PP 1.4419

S1 1.4360

S2 1.4314

S3 1.4255


USD/JPY

Market Scenario 1: Long positions above 107.98 with targets @ 108.94 & 109.55

Market Scenario 2: Short positions below 107.98 with targets @ 107.37 & 106.41

Comment: US Dollar during yesterday’s session rallied against Japanese Yen, closing the session with 120 pips profit. Today USDJPY continues raising having already reached the First Resistance level.

Supports and Resistances:

R3 110.51

R2 109.55

R1 108.94

PP 107.98

S1 107.37

S2 106.41

S3 105.80


GOLD

Market Scenario 1: Long positions above 1270.72 with targets @ 1280.32 & 1296.98

Market Scenario 2: Short positions below 1270.72 with targets @ 1254.06 & 1244.46

Comment: Gold during yesterday’ session was drastically sold-off against US Dollar, closing the session with 22 US Dollars loss. Today bullion is trading slightly with positive bias, however, remains below Pivot Point level.

Supports and Resistances

R3 1323.24

R2 1296.98

R1 1280.32

PP 1270.72

S1 1254.06

S2 1244.46

S3 1218.20


CRUDE OIL

Market Scenario 1: Long positions above 44.12 with targets @ 45.02 & 46.82

Market Scenario 2: Short positions below 44.12 with targets @ 42.32 & 41.42

Comment: Crude Oil during yesterday’s session was trading under pressure against US Dollar, closing the day with almost 2 US Dollar loss per barrel traded. Today Crude is trading flat below Pivot Point level.

Supports and Resistances:

R3 49.52

R2 46.82

R1 45.02

PP 44.12

S1 42.32

S2 41.42

S3 38.72


USD/RUB

Market Scenario 1: Long positions above 64.95 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.95 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s session rose against Russian Rubble amid decreased priced on energy products. Today the pair is trading flat, close to the First resistance level.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7345 with targets @ 0.7390 & 0.7418

Market Scenario 2: Short positions below 0.7345 with targets @ 0.7317 & 0.7272

Comment: Aussie during yesterday’s session was trading with positive bias against US Dollar, regaining all the losses incurred during preceding trading session and closing the day with 60 pips profit. Today the pair has already tested the First Resistance level, however, being unable to break through it retreated, trading slightly above Pivot Point level.

Supports and Resistances:

R3 0.7463

R2 0.7418

R1 0.7390

PP 0.7345

S1 0.7317

S2 0.7272

S3 0.7244

EUR/JPY

Market Scenario 1: Long positions above 122.91 with targets @ 124.08 & 124.86

Market Scenario 2: Short positions below 122.91 with targets @ 122.13 & 120.96

Comment: European currency during yesterday’s session continued appreciating against Japanese Yen for the second day in a row, closing the session with 90 pips profit. Today the pair is trading slightly with negative bias below Pivot Point level.

Supports and Resistances:

R3 125.86

R2 125.15

R1 124.70

PP 123.99

S1 123.54

S2 122.83

S3 122.38

EUR/USD

Market Scenario 1: Long positions above 1.1379 with targets @ 1.1401 & 1.1430

Market Scenario 2: Short positions below 1.1379 with targets @ 1.1350 & 1.1328

Comment: European currency continued depreciating against US Dollar for the sixth day in a row. Today EUR/USD is trading with positive bias, having managed to break through the Pivot Point level and moving toward the First Resistance.

R3 1.1452

R2 1.1430

R1 1.1401

PP 1.1379

S1 1.1350

S2 1.1328

S3 1.1299


GBP/JPY

Market Scenario 1: Long positions above 157.23 with targets @ 158.48 & 159.16

Market Scenario 2: Short positions below 157.23 with targets @ 156.55 & 155.30

Comment: Sterling during yesterday’s session continued trading with positive bias against Japanese Yen for the second day in a row, closing the session 60 pips profit. Today, however, the pair came under selling pressure and dropped below Pivot point level and getting closer to the First Support level.

Supports and Resistances:

R3 160.41

R2 159.16

R1 158.48

PP 157.23

S1 156.55

S2 155.30

S3 154.62


GBP/USD

Market Scenario 1: Long positions above 1.4436 with targets @ 1.4483 & 1.4525

Market Scenario 2: Short positions below 1.4436 with targets @ 1.4394 & 1.4347

Comment: Sterling during yesterday’s session overcame the selling pressure and managed to close the trading session in positive territory against US Dollar. Today, however, the pair renewed trading under pressure below Pivot point level.

Supports and Resistances:

R3 1.4572

R2 1.4525

R1 1.4483

PP 1.4436

S1 1.4394

S2 1.4347

S3 1.4305


USD/JPY

Market Scenario 1: Long positions above 108.96 with targets @ 109.64 & 110.03

Market Scenario 2: Short positions below 108.96 with targets @ 108.57 & 107.89

Comment: US Dollar during yesterday’s session continued raising against Japanese yen for the second day in a row, closing the session with 90 pips profit. However, today the pair came under selling pressure and has already given back most of the gains earned during yesterday’s session.

Supports and Resistances:

R3 110.71

R2 110.03

R1 109.64

PP 108.96

S1 108.57

S2 107.89

S3 107.50


GOLD

Market Scenario 1: Long positions above 1263.88 with targets @ 1271.15 & 1276.96

Market Scenario 2: Short positions below 1263.88 with targets @ 1258.07 & 1250.80

Comment: Gold during yesterday’ session continued trading under pressure, however, having dropped below 1260 US Dollar per troy ounce found support and rose, closing the session in positive territory. Today bullion continues trading with positive bias, having already broken through the First Resistance level .

Supports and Resistances

R3 1290.04

R2 1276.96

R1 1271.15

PP 1263.88

S1 1258.07

S2 1250.80

S3 1237.72

CRUDE OIL

Market Scenario 1: Long positions above 44.10 with targets @ 45.18 & 45.86

Market Scenario 2: Short positions below 44.10 with targets @ 43.42 & 42.34

Comment: Crude Oil during yesterday’s session rose against US Dollar, managing to return half of the losses incurred during preceding session. However, today crude again came under selling pressure amid news that Canadian output will gradually ramp up following forced closures of oil sand production due to wildfires.

Supports and Resistances:

R3 47.62

R2 45.86

R1 45.18

PP 44.10

S1 43.42

S2 42.34

S3 40.58


USD/RUB

Market Scenario 1: Long positions above 64.95 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.95 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s session dropped against Russian rubble amid improved Crude oil prices. Today the pair is trading flat close to the Pivot point level.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7370 with targets @ 0.7405 & 0.7435

Market Scenario 2: Short positions below 0.7370 with targets @ 0.7340 & 0.7305

Comment: Aussie during yesterday’s session undertook an attempt to break through the First Resistance level against US Dollar, however, encountered selling pressure dropped, closing the day almost unchanged. Today AUDUSD is trading with negative bias, having already broken through the First Support level and moving towards the second one.

Supports and Resistances:

R3 0.7470

R2 0.7435

R1 0.7405

PP 0.7370

S1 0.7340

S2 0.7305

S3 0.7275


EUR/JPY

Market Scenario 1: Long positions above 123.96 with targets @ 124.31 & 124.74

Market Scenario 2: Short positions below 123.96 with targets @ 123.53 & 123.18

Comment: European currency during yesterday’s session came under pressure and dropped against Japanese Yen, closing the session with 40 pips loss. Today the pair is trading with positive bias, above Pivot point level

Supports and Resistances:

R3 125.09

R2 124.74

R1 124.31

PP 123.96

S1 123.53

S2 123.18

S3 122.75


EUR/USD

Market Scenario 1: Long positions above 1.1413 with targets @ 1.1458 & 1.1492

Market Scenario 2: Short positions below 1.1413 with targets @ 1.1379 & 1.1334

Comment: European currency during yesterday’s session rallied against US Dollar, closing the session with 50 pips profit. Today, however, EURUSD is trading with negative bias, slightly below Pivot point level

R3 1.1537

R2 1.1492

R1 1.1458

PP 1.1413

S1 1.1379

S2 1.1334

S3 1.1300


GBP/JPY

Market Scenario 1: Long positions above 157.00 with targets @ 157.61 & 158.57

Market Scenario 2: Short positions below 157.00 with targets @ 156.04 & 155.43

Comment: Sterling during yesterday’s session undertook an attempt to break through the First Resistance level against Japanese Yen, however was unable to remain above the level retreated, closed the session in negative territory. Today GBPJPY is trading with positive bias, slightly above Pivot point level.

Supports and Resistances:

R3 159.18

R2 158.57

R1 157.61

PP 157.00

S1 156.04

S2 155.43

S3 154.47


GBP/USD

Market Scenario 1: Long positions above 1.4443 with targets @ 1.4491 & 1.4536

Market Scenario 2: Short positions below 1.4443 with targets @ 1.4398 & 1.4347

Comment: Sterling during yesterday’s session was trading under pressure, however, managed to close the session unchanged against US Dollar. Today GBPUSD is trading slightly under pressure below Pivot point level.

Supports and Resistances:

R3 1.4584

R2 1.4536

R1 1.4491

PP 1.4443

S1 1.4398

S2 1.4350

S3 1.4305


USD/JPY

Market Scenario 1: Long positions above 108.71 with targets @ 109.07 & 109.71

Market Scenario 2: Short positions below 108.71 with targets @ 108.07 & 107.71

Comment: US Dollar during yesterday’s session came under selling pressure against Japanese Yen, giving back all the profit earned in the preceding trading session. Today, however, US Dollar managed to recover and raising against Japanese Yen.

Supports and Resistances:

R3 110.07

R2 109.71

R1 109.07

PP 108.71

S1 108.07

S2 107.71

S3 107.07


GOLD

Market Scenario 1: Long positions above 1273.86 with targets @ 1283.16 & 1289.26

Market Scenario 2: Short positions below 1273.86 with targets @ 1267.76 & 1258.46

Comment: Gold during yesterday’ session continued appreciating against US Dollar, closing the session with 12 US Dollars profit. Today bullion is trading slightly under pressure below Pivot point level.

Supports and Resistances

R3 1304.66

R2 1289.26

R1 1283.16

PP 1273.86

S1 1267.76

S2 1258.46

S3 1243.06


CRUDE OIL

Market Scenario 1: Long positions above 45.42 with targets @ 46.89 & 47.82

Market Scenario 2: Short positions below 45.42 with targets @ 44.49 & 43.02

Comment: Crude Oil during yesterday’s session rose against US Dollar amid unexpected decline in US Crude oil inventories by 3.4 million barrels. Today Crude continues trading with positive bias, close to the recent high of 46.76 US Dollars per barrel traded.

Supports and Resistances:

R3 50.22

R2 47.82

R1 46.89

PP 45.42

S1 44.49

S2 43.02

S3 40.62


USD/RUB

Market Scenario 1: Long positions above 64.95 with targets @ 66.18 & 67.06

Market Scenario 2: Short positions below 64.95 with targets @ 64.07 & 62.84

Comment: US dollar during yesterday’s trading session continued trading under pressure against Russian ruble amid improved prices of Crude oil. Today the pair dropped even further to 63.22 Russian rubbles per US Dollar.

Supports and Resistances:

R3 69.17

R2 67.06

R1 66.18

PP 64.95

S1 64.07

S2 62.84

S3 60.73


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7337 with targets @ 0.7365 & 0.7407

Market Scenario 2: Short positions below 0.7337 with targets @ 0.7295 & 0.7267

Comment: Aussie during yesterday’s session came under selling pressure and dropped against US Dollar, closing the day with 55 pips profit. Today AUD/USD continues trading under pressure, having already dropped below 10th of May lows and currently trading close to second Support level.

Supports and Resistances:

R3 0.7435

R2 0.7407

R1 0.7365

PP 0.7337

S1 0.7295

S2 0.7267

S3 0.7225

EUR/JPY

Market Scenario 1: Long positions above 124.11 with targets @ 124.54 & 125.07

Market Scenario 2: Short positions below 124.11 with targets @ 123.58 & 123.15

Comment: European currency during yesterday’s session undertook an attempt to break through the First Resistance level against Japanese Yen, however, encountered selling pressure dropped, closing the session with insignificant profit. Today the pair continues trading under pressure and have already fell to the Second Support level.

Supports and Resistances:

R3 125.50

R2 125.07

R1 124.54

PP 124.11

S1 123.58

S2 123.15

S3 122.62

EUR/USD

Market Scenario 1: Long positions above 1.1392 with targets @ 1.1414 & 1.1451

Market Scenario 2: Short positions below 1.1392 with targets @ 1.1355 & 1.1333

Comment: European currency during yesterday’s session came under pressure against US Dollar and fell, giving back all the profit made during preceding trading session. Today EUR/USD continues trading with negative bias having broken through both the First and the Second support levels.

R3 1.1473

R2 1.1451

R1 1.1414

PP 1.1392

S1 1.1355

S2 1.1333

S3 1.1296


GBP/JPY

Market Scenario 1: Long positions above 157.40 with targets @ 158.56 & 159.62

Market Scenario 2: Short positions below 157.40 with targets @ 156.34 & 155.18

Comment: Sterling during yesterday’s session rose against Japanese Yen, closing the session with 80 pips profit. Today, however, the pair came under pressure and lost everything it managed to make during preceding session, trading close to the First Support level.

Supports and Resistances:

R3 160.78

R2 159.62

R1 158.56

PP 157.40

S1 156.34

S2 155.18

S3 154.12


GBP/USD

Market Scenario 1: Long positions above 1.4461 with targets @ 1.4518 & 1.4586

Market Scenario 2: Short positions below 1.4461 with targets @ 1.4393 & 1.4336

Comment: Sterling during yesterday’s session undertook an attempt to break through the First Resistance level, however, being unable to sustain the pressure retreated, closing the day unchanged. Today the pair renewed trading under pressure, having already reached the First Support level.

Supports and Resistances:

R3 1.4643

R2 1.4586

R1 1.4518

PP 1.4461

S1 1.4393

S2 1.4336

S3 1.4268


USD/JPY

Market Scenario 1: Long positions above 108.87 with targets @ 109.52 & 110.04

Market Scenario 2: Short positions below 108.87 with targets @ 108.35 & 107.70

Comment: US Dollar during yesterday’s session managed to close the day in positive territory against Japanese Yen. Today the pair is trading under pressure slightly below Pivot point level.

Supports and Resistances:

R3 110.69

R2 110.04

R1 109.52

PP 108.87

S1 108.35

S2 107.70

S3 107.18


GOLD

Market Scenario 1: Long positions above 1268.59 with targets @ 1275.69 & 1287.83

Market Scenario 2: Short positions below 1268.59 with targets @ 1256.45 & 1249.35

Comment: Gold during yesterday’ session came under pressure and fell against US Dollar, closing the day with 14 US Dollars loss. Today, nonetheless, bullion is trading with positive bias, having managed to return most of the losses incurred during yesterday’s session.

Supports and Resistances

R3 1307.07

R2 1287.83

R1 1275.69

PP 1268.59

S1 1256.45

S2 1249.35

S3 1230.11


CRUDE OIL

Market Scenario 1: Long positions above 46.32 with targets @ 47.05 & 47.73

Market Scenario 2: Short positions below 46.32with targets @ 45.64 & 44.91

Comment: Crude Oil during yesterday’s session continued raising against US Dollar having reached 47 US Dollar per barrel, its highest level since 3rd of November 2015. Today Crude is trading slightly negative, below Pivot point level.

Supports and Resistances:

R3 49.14

R2 47.73

R1 47.05

PP 46.32

S1 45.64

S2 44.91

S3 43.50


USD/RUB

Market Scenario 1: Long positions above 63.87 with targets @ 64.57 & 65.23

Market Scenario 2: Short positions below 63.87 with targets @ 63.21 & 62.51

Comment: US Dollar during yesterday’s session continued trading under pressure against Russian ruble, however, managed to close the day unchanged. Today the pair is trading slightly with positive bias above Pivot point level.

Supports and Resistances:

R3 66.59

R2 65.23

R1 64.57

PP 63.87

S1 63.21

S2 62.51

S3 61.15



*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7281 with targets @ 0.7307 & 0.7350

Market Scenario 2: Short positions below 0.7281 with targets @ 0.7238 & 0.7212

Comment: Aussie during Friday’s session continued falling against US Dollar for the second day in a row, closing the session at a record low 0.7268, the lowest level since 2nd March 2016. Today the pair dropped ever further, however, managed to find support and rose above Pivot Point level.

Supports and Resistances:

R3 0.7376

R2 0.7350

R1 0.7307

PP 0.7281

S1 0.7238

S2 0.7212

S3 0.7169


EUR/JPY

Market Scenario 1: Long positions above 123.23 with targets @ 123.70 & 124.60

Market Scenario 2: Short positions below 123.23 with targets @ 122.33 & 121.86

Comment: European currency during Friday’s session was drastically sold-off against Japanese Yen, closing the session with 120 pips loss. Today the pair is trading slightly with positive bias, however, remain below Pivot Point level.

Supports and Resistances:

R3 125.07

R2 124.60

R1 123.70

PP 123.23

S1 122.33

S2 121.86

S3 120.96


EUR/USD

Market Scenario 1: Long positions above 1.1392 with targets @ 1.1414 & 1.1451

Market Scenario 2: Short positions below 1.1392 with targets @ 1.1355 & 1.1333

Comment: European currency during Friday’s session continued trading under pressure against US Dollar for the second day in a row, closing the session with 60 pips loss. Today EURUSD is trading flat, amid holidays in Switzerland and most of Europe.

R3 1.1473

R2 1.1451

R1 1.1414

PP 1.1392

S1 1.1355

S2 1.1333

S3 1.1296


GBP/JPY

Market Scenario 1: Long positions above 156.48 with targets @ 157.07 & 158.24

Market Scenario 2: Short positions below 156.48 with targets @ 156.48 & 154.72

Comment: Sterling during Friday’s session was trading under pressure against US Dollar, closing the session with 150 pips loss. Today GBPJPY is trading flat slightly below Pivot Point level.

Supports and Resistances:

R3 158.83

R2 158.24

R1 157.07

PP 156.48

S1 155.31

S2 154.72

S3 153.55


GBP/USD

Market Scenario 1: Long positions above 1.4383 with targets @ 1.4425 & 1.4497

Market Scenario 2: Short positions below 1.4383 with targets @ 1.4311 & 1.4269

Comment: Sterling during Friday’s session came under selling pressure and dropped against US Dollar, closing the day with 80 pips loss. Today the pair is trading below below Pivot point level.

Supports and Resistances:

R3 1.4539

R2 1.4497

R1 1.4425

PP 1.4383

S1 1.4311

S2 1.4269

S3 1.4197


USD/JPY

Market Scenario 1: Long positions above 108.89 with targets @ 109.27 & 109.91

Market Scenario 2: Short positions below 108.89 with targets @ 108.25 & 107.87

Comment: US Dollar during Friday’s session was trading under pressure against Japanese Yen, closing the session with 40 pips loss. Today the pair is trading slightly with positive bias, however, remains below Pivot point level.

Supports and Resistances:

R3 110.29

R2 109.91

R1 109.27

PP 108.89

S1 108.25

S2 107.87

S3 107.23


GOLD

Market Scenario 1: Long positions above 1270.49 with targets @ 1278.33 & 1283.98

Market Scenario 2: Short positions below 1270.49 with targets @ 1264.84 & 1257.00

Comment: Gold during Friday’s session managed to recover some of the losses incurred during preceding trading session, closing the day with 9 US Dollar profit. Today Bullion continues trading with positive bias having already broken through the First Resistance level and testing the Second one.

Supports and Resistances

R3 1297.47

R2 1283.98

R1 1278.33

PP 1270.49

S1 1264.84

S2 1257.00

S3 1243.51


CRUDE OIL

Market Scenario 1: Long positions above 46.32 with targets @ 47.05 & 47.73

Market Scenario 2: Short positions below 46.32with targets @ 45.64 & 44.91

Comment: Crude Oil during Friday’s session continued raising against US Dollar amid reduced output in Canada. Today Crude oil rose even further reaching its highest level at 47.12 US Dollars per Barrel traded.

Supports and Resistances:

R3 49.14

R2 47.73

R1 47.05

PP 46.32

S1 45.64

S2 44.91

S3 43.50


USD/RUB

Market Scenario 1: Long positions above 64.23 with targets @ 64.81 & 65.15

Market Scenario 2: Short positions below 64.23 with targets @ 63.89 & 63.31

Comment: US Dollar during Fridays’ session slightly rose against Russian ruble. Nonetheless today the pair dropped amid continues improvements in Crude Oil Price.

Supports and Resistances:

R3 66.07

R2 65.15

R1 64.81

PP 64.23

S1 63.89

S2 63.31

S3 62.39



*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7280 with targets @ 0.7317 & 0.7344

Market Scenario 2: Short positions below 0.7280 with targets @ 0.7253 & 0.7216

Comment: Aussie during yesterday’s rose against US Dollar for the first time in three days, closing the session with 40 pips profit. Today Aussie continues appreciating against US Dollar having already broken though both Resistance levels.

Supports and Resistances:

R3 0.7381

R2 0.7344

R1 0.7317

PP 0.7280

S1 0.7253

S2 0.7216

S3 0.7189

EUR/JPY

Market Scenario 1: Long positions above 123.17 with targets @ 123.74 & 124.07

Market Scenario 2: Short positions below 123.17 with targets @ 122.84 & 122.27

Comment: European currency during yesterday’s session rose against Japanese Yen, managing to recover half of the losses incurred during Friday’s session. Today EURJPY continues raising having reached the second Resistance level.

Supports and Resistances:

R3 124.64

R2 124.07

R1 123.74

PP 123.17

S1 122.84

S2 122.27

S3 121.94

EUR/USD

Market Scenario 1: Long positions above 1.1320 with targets @ 1.1341 & 1.1362

Market Scenario 2: Short positions below 1.1320 with targets @ 1.1299 & 1.1278

Comment: European currency during yesterday’s session was trading flat, closing the day almost unchanged. Today EURUSD is trading slightly with positive bias above Pivot point level.

R3 1.1383

R2 1.1362

R1 1.1341

PP 1.1320

S1 1.1299

S2 1.1278

S3 1.1257


GBP/JPY

Market Scenario 1: Long positions above 156.57 with targets @ 157.49 & 158.00

Market Scenario 2: Short positions below 156.57 with targets @ 156.06 & 155.14

Comment: Sterling during yesterday’s session managed to raise against Japanese Yen, returning most of the losses incurred during Friday’s session. Today the pair rose even further having already reached the third Resistance level.

Supports and Resistances:

R3 158.92

R2 158.00

R1 157.49

PP 156.57

S1 156.06

S2 155.14

S3 154.63



GBP/USD

Market Scenario 1: Long positions above 1.4382 with targets @ 1.4432 & 1.4464

Market Scenario 2: Short positions below 1.4382 with targets @ 1.4350 & 1.4300

Comment: Sterling during yesterday’s session rose against US Dollar, closing the session with 50 pips profit. Today the pair increased even further having already reached the third Resistance level.

Supports and Resistances:

R3 1.4514

R2 1.4464

R1 1.4432

PP 1.4382

S1 1.4350

S2 1.4300

S3 1.4268


USD/JPY

Market Scenario 1: Long positions above 108.86 with targets @ 109.25 & 109.49

Market Scenario 2: Short positions below 108.86 with targets @ 108.62 & 108.23

Comment: US Dollar during yesterday’s session rose against Japanese yen, closing the session with 40 pips profit. Today the pair continues trading with positive bias close to the Second Resistance level.

Supports and Resistances:

R3 109.88

R2 109.49

R1 109.25

PP 108.86

S1 108.62

S2 108.23

S3 107.99



GOLD

Market Scenario 1: Long positions above 1277.60 with targets @ 1284.54 & 1295.50

Market Scenario 2: Short positions below 1284.54 with targets @ 1266.64 & 1259.70

Comment: Gold during yesterday’s session continued trading with positive bias, however, encountered selling pressure around the First Resistance level and dropped, closing the day almost unchanged. Today bullion continues trading under pressure below Pivot point level.

Supports and Resistances

R3 1313.40

R2 1295.50

R1 1284.54

PP 1277.60

S1 1266.64

S2 1259.70

S3 1241.80


CRUDE OIL

Market Scenario 1: Long positions above 47.32 with targets @ 48.51 & 49.15

Market Scenario 2: Short positions below 47.32 targets @ 46.68 & 45.49

Comment: Crude Oil during yesterday’s session continued appreciating against US Dollar, closing the session at its record high 47.87. Today Crude reached a new high at 48.40, however encountered selling pressure retreated and trading close to the Pivot point level

Supports and Resistances:

R3 50.98

R2 49.15

R1 48.51

PP 47.32

S1 46.68

S2 45.49

S3 43.66


USD/RUB

Market Scenario 1: Long positions above 64.23 with targets @ 64.81 & 65.15

Market Scenario 2: Short positions below 64.23 with targets @ 63.89 & 63.31

Comment: US Dollar during yesterday’s session continued trading under pressure against Russian ruble amid continues improvement in Crude Oil Prices. Today the pair almost dropped to 63 Russian rubles per US Dollar, however, gathered some strength rose and currently trading close to Pivot Point level.

Supports and Resistances:

R3 66.53

R2 65.32

R1 64.61

PP 64.11

S1 63.40

S2 62.90

S3 61.69



*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7324 with targets @ 0.7367 & 0.7408

Market Scenario 2: Short positions below 0.7324 with targets @ 0.7283 & 0.7240

Comment: Aussie during yesterday’s session continued appreciating against US Dollar for the third day in a row, however, having reached the First Resistance level the pair encountered selling pressure and dropped, closing the session below Pivot Point level. Today the pair continues trading under pressure having already broken through the First Support level and heading towards the second one.

Supports and Resistances:

R3 0.7451

R2 0.7408

R1 0.7367

PP 0.7324

S1 0.7283

S2 0.7240

S3 0.7199


EUR/JPY

Market Scenario 1: Long positions above 123.17 with targets @ 123.74 & 124.07

Market Scenario 2: Short positions below 123.17 with targets @ 122.84 & 122.27

Comment: European currency during yesterday’s session rose against Japanese Yen, however, encountered selling pressure close to the First Resistance level dropped, closing the day below Pivot point level. Today the pair continues trading under pressure below Pivot Point level.

Supports and Resistances:

R3 124.95

R2 124.56

R1 124.01

PP 123.62

S1 123.07

S2 122.27

S3 121.94


EUR/USD

Market Scenario 1: Long positions above 1.1319 with targets @ 1.1341 & 1.1369

Market Scenario 2: Short positions below 1.1319 with targets @ 1.1291 & 1.1269

Comment: European currency during yesterday’s session continued trading flat against US Dollar, closing the session almost unchanged. However, today the pair came under selling pressure and dropped, having broken through both Support levels and aiming to test the last one.

R3 1.1391

R2 1.1369

R1 1.1341

PP 1.1319

S1 1.1291

S2 1.1269

S3 1.1241


GBP/JPY

Market Scenario 1: Long positions above 157.91 with targets @ 158.92 & 159.97

Market Scenario 2: Short positions below 157.91 with targets @ 156.86 & 155.85

Comment: Sterling during yesterday’s session rose for the second day in a row against Japanese Yen, closing the session with 65 pips profit. Today the pair is trading with positive bias close to the Pivot Point level.

Supports and Resistances:

R3 160.98

R2 159.97

R1 158.92

PP 157.91

S1 156.86

S2 155.85

S3 154.80


GBP/USD

Market Scenario 1: Long positions above 1.4460 with targets @ 1.4526 & 1.4588

Market Scenario 2: Short positions below 1.4460 with targets @ 1.4398 & 1.4332

Comment: Sterling during yesterday’s session continued appreciating against US Dollar for the second day in a row, closing the session with 50 pips profit. Today the pair came under pressure and currently trading below Pivot Point level.

Supports and Resistances:

R3 1.4654

R2 1.4588

R1 1.4526

PP 1.4460

S1 1.4398

S2 1.4332

S3 1.4270


USD/JPY

Market Scenario 1: Long positions above 109.21 with targets @ 109.59 & 110.03

Market Scenario 2: Short positions below 109.21 with targets @ 108.77 & 108.39

Comment: US Dollar during yesterday’s session continued appreciating against US Dollar, for the second day in a row. Today the pair is trading with positive bias above Pivot Point level.

Supports and Resistances:

R3 110.41

R2 110.03

R1 109.59

PP 109.21

S1 108.77

S2 108.39

S3 107.95


GOLD

Market Scenario 1: Long positions above 1276.51 with targets @ 1284.18 & 1289.73

Market Scenario 2: Short positions below 1276.51 with targets @ 1270.96 & 1263.29

Comment: Gold during yesterday’s session continued raising against US Dollar for the third day in a row. However, today bullion came under selling pressure and dropped to the First Support level.

Supports and Resistances

R3 1302.95

R2 1289.73

R1 1284.18

PP 1276.51

S1 1270.96

S2 1263.29

S3 1250.07


CRUDE OIL

Market Scenario 1: Long positions above 48.27 with targets @ 49.04 & 49.50

Market Scenario 2: Short positions below 48.27 targets @ 47.81 & 47.04

Comment: Crude Oil during yesterday’s session continued appreciating against US Dollar, closing 5th day in a row in positive territory and reaching 48.74 its highest level since 12th of October 2015. Today, however, crude is trading under pressure below Pivot point level

Supports and Resistances:

R3 50.73

R2 49.50

R1 49.04

PP 48.27

S1 47.81

S2 47.04

S3 45.81


USD/RUB

Market Scenario 1: Long positions above 64.11 with targets @ 64.61 & 65.32

Market Scenario 2: Short positions below 64.11 with targets @ 63.40 & 62.90

Comment: US Dollar during yesterday’s session continued its downwards move against Russian ruble for the third day in a row. However, today US Dollar managed to recover all of the losses incurred during yesterday’s session and currently trading above Pivot point level.

Supports and Resistances:

R3 66.53

R2 65.32

R1 64.61

PP 64.11

S1 63.40

S2 62.90

S3 61.69


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7260 with targets @ 0.7299 & 0.7369

Market Scenario 2: Short positions below 0.7260 with targets @ 0.7190 & 0.7151

Comment: Aussie during yesterday’s session was drastically sold off against US Dollar amid hawkish comments of Federal Reserve about a possible rate hike in June 2016. The pair lost more than 100 pips per 1 trading session. Today AUDUSD continues trading under pressure having already reached the First Support level.

Supports and Resistances:

R3 0.7408

R2 0.7369

R1 0.7299

PP 0.7260

S1 0.7190

S2 0.7151

S3 0.7081


EUR/JPY

Market Scenario 1: Long positions above 123.62 with targets @ 124.01 & 124.56

Market Scenario 2: Short positions below 123.62 with targets @ 123.07 & 122.27

Comment: European currency during yesterday’s session continued trading with positive bias against Japanese Yen, closing the session in profit. Today the pair is trading flat ahead of European Final CPI.

Supports and Resistances:

R3 124.95

R2 124.56

R1 124.01

PP 123.62

S1 123.07

S2 122.27

S3 121.94


EUR/USD

Market Scenario 1: Long positions above 1.1248 with targets @ 1.1283 & 1.1350

Market Scenario 2: Short positions below 1.1248 with targets @ 1.1181 & 1.1146

Comment: European currency during yesterday’s session came under pressure against US Dollar amid Federal Reserve comment on possible rate hike in June 2016. The pair lost almost 100 pips amid this news. Today EURUSD is trading flat below Pivot point level.

R3 1.1385

R2 1.1350

R1 1.1283

PP 1.1248

S1 1.1181

S2 1.1146

S3 1.1079


GBP/JPY

Market Scenario 1: Long positions above 157.91 with targets @ 158.92 & 159.97

Market Scenario 2: Short positions below 157.91 with targets @ 156.86 & 155.85

Comment: Sterling during yesterday’s session continued appreciating against Japanese Yen, closing the day with 300 pips profit. Today the pair continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 166.02

R2 163.44

R1 162.15

PP 159.57

S1 158.28

S2 155.70

S3 154.41


GBP/USD

Market Scenario 1: Long positions above 1.4545 with targets @ 1.4686 & 1.4776

Market Scenario 2: Short positions below 1.4545 with targets @ 1.4455 & 1.4314

Comment: Sterling during yesterday’s session rose against US Dollar, despite the fact that after Hawkish Federal Reserve comments greenback got stronger. The pair during yesterday’s session gained more than 130 pips. Today GBPUSD continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 1.4917

R2 1.4776

R1 1.4686

PP 1.4545

S1 1.4455

S2 1.4314

S3 1.4224


USD/JPY

Market Scenario 1: Long positions above 109.72 with targets @ 110.72 & 111.26

Market Scenario 2: Short positions below 109.72 with targets @ 109.18 & 108.18

Comment: US Dollar during yesterday’s session soared against Japanese Yen, amid positive news form Federal Reserve regarding possible rate hike as soon as in June 2016. US Dollar appreciate for more than 100 pips during yesterday’s session. Today the pair is trading flat above Pivot point level.

Supports and Resistances:

R3 112.26

R2 111.26

R1 110.72

PP 109.72

S1 109.18

S2 108.18

S3 107.64


GOLD

Market Scenario 1: Long positions above 1264.81 with targets @ 1274.81 & 1291.46

Market Scenario 2: Short positions below 1264.81 with targets @ 1248.16 & 1238.16

Comment: Gold during yesterday’s session dropped against US Dollar amid hawkish comments o Federal reserve. Today bullion continues trading under pressure close to 1250 US Dollars per Troy ounce.

Supports and Resistances

R3 1318.11

R2 1291.46

R1 1274.81

PP 1264.81

S1 1248.16

S2 1238.16

S3 1211.51


CRUDE OIL

Market Scenario 1: Long positions above 48.18 with targets @ 48.62 & 49.38

Market Scenario 2: Short positions below 48.18 targets @ 47.42 & 46.98

Comment: Crude Oil during yesterday’s session came under selling pressure against US Dollar and dropped, closing the session in negative territory. Today Crude counties trading under pressure below the First Support level.

Supports and Resistances:

R3 50.58

R2 49.38

R1 48.62

PP 48.18

S1 47.42

S2 46.98

S3 45.78


USD/RUB

Market Scenario 1: Long positions above 64.11 with targets @ 64.61 & 65.32

Market Scenario 2: Short positions below 64.11 with targets @ 63.40 & 62.90

Comment: US Dollar during yesterday’s session dropped as low as 63.14 against Russian rubble, however, amid hawkish comments of Federal reserve managed to recover most of the losses. Today, USDRUB is trading with positive bias above 65 Russian rubles per US Dollar.

Supports and Resistances:

R3 66.53

R2 65.32

R1 64.61

PP 64.11

S1 63.40

S2 62.90

S3 61.69


*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7214 with targets @ 0.7254 & 0.7280

Market Scenario 2: Short positions below 0.7214 with targets @ 0.7188 & 0.7148

Comment: Aussie during yesterday’s session reached a new low against US Dollar at 0.7174, however, by the end of the session managed to recover. Today AUDUSD is trading with positive bias above Pivot point level.

Supports and Resistances:

R3 0.7320

R2 0.7280

R1 0.7254

PP 0.7214

S1 0.7188

S2 0.7148

S3 0.7122


EUR/JPY

Market Scenario 1: Long positions above 123.29 with targets @ 123.65 & 124.14

Market Scenario 2: Short positions below 123.29 with targets @ 122.80 & 122.44

Comment: European currency during yesterday’s session dropped against US Dollar, closing the session with 45 pips loss. Today the pair is trading with positive bias having already managed to recover all of the losses incurred during yesterday’s session and trading close to the First Resistance level.

Supports and Resistances:

R3 124.50

R2 124.14

R1 123.65

PP 123.29

S1 122.80

S2 122.44

S3 121.95


EUR/USD

Market Scenario 1: Long positions above 1.1278 with targets @ 1.1283 & 1.1350

Market Scenario 2: Short positions below 1.1248 with targets @ 1.1181 & 1.1146

Comment: European currency during yesterday’s session continued falling against US Dollar for the third day in a row, closing the session with 25 pips loss. Today the pair is trading with positive bias, however, remain below Pivot point level.

R3 1.1385

R2 1.1350

R1 1.1283

PP 1.1248

S1 1.1181

S2 1.1146

S3 1.1079


GBP/JPY

Market Scenario 1: Long positions above 160.80 with targets @ 161.48 & 162.30

Market Scenario 2: Short positions below 160.80 with targets @ 159.98 & 159.30

Comment: Sterling during yesterday’s session undertook an attempt to break through the First Resistance level, however, encountered selling pressure retreated, closing the day in negative territory. Today the pair continues trading under pressure below Pivot point level.

Supports and Resistances:

R3 162.98

R2 162.30

R1 161.48

PP 160.80

S1 159.98

S2 159.30

S3 158.48


GBP/USD

Market Scenario 1: Long positions above 1.4611 with targets @ 1.4662 & 1.4713

Market Scenario 2: Short positions below 1.4611 with targets @ 1.4560& 1.4509

Comment: Sterling during yesterday’s session continued appreciating against US Dollar, however, encountered strong resistance at the First Resistance level, retreated, closing the day almost unchanged. Today the pair came under pressure and dropped, and currently trading close to the First Support level.

Supports and Resistances:

R3 1.4764

R2 1.4713

R1 1.4662

PP 1.4611

S1 1.4560

S2 1.4509

S3 1.4458


USD/JPY

Market Scenario 1: Long positions above 110.01 with targets @ 110.32 & 110.70

Market Scenario 2: Short positions below 110.01 with targets @ 109.63 & 109.32

Comment: US Dollar during yesterday’s session was trading under pressure against Japanese Yen, closing the session in negative territory. Today, however, US Dollar regained control and rose, currently trading close to the First Resistance level.

Supports and Resistances:

R3 111.01

R2 110.70

R1 110.32

PP 110.01

S1 109.63

S2 109.32

S3 108.94


GOLD

Market Scenario 1: Long positions above 1253.06 with targets @ 1262.51 & 1270.58

Market Scenario 2: Short positions below 1253.06 with targets @ 1244.99 & 1235.54

Comment: Gold during yesterday’s session continued depreciating against US Dollar, closing the day with 4 US Dollars loss. Today bullion is trading flat, slightly above Pivot point level.

Supports and Resistances

R3 1288.10

R2 1270.58

R1 1262.51

PP 1253.06

S1 1244.99

S2 1235.54

S3 1218.02


CRUDE OIL

Market Scenario 1: Long positions above 48.18 with targets @ 48.62 & 49.38

Market Scenario 2: Short positions below 48.18 targets @ 47.42 & 46.98

Comment: Crude Oil during yesterday’s session came under selling pressure against US Dollar and dropped as low as 46.71, however, having found support rose, closing the session in positive territory. Today Crude continues trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3 50.58

R2 49.38

R1 48.62

PP 48.18

S1 47.42

S2 46.98

S3 45.78


USD/RUB

Market Scenario 1: Long positions above 65.81 with targets @ 66.64 & 67.15

Market Scenario 2: Short positions below 65.81with targets @ 65.30 & 64.47

Comment: US Dollar during yesterday’s session continued appreciating against Russian rubble, closing second trading day in a row in positive territory. Today US Dollar managed to climb above 66 Russian rubles per US Dollar, however, encountered selling pressure dropped close to 65 Russian rubles per 1 US Dollar

Supports and Resistances:

R3 68.49

R2 67.15

R1 66.64

PP 65.81

S1 65.30

S2 64.47

S3 63.13



*Risk Disclosure: 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]

AUD/USD

Market Scenario 1: Long positions above 0.7227 with targets @ 0.7242 & 0.7265

Market Scenario 2: Short positions below 0.7227 with targets @ 0.7204 & 0.7189

Comment: Aussie during Friday’s session was trading in a range against US Dollar, closing the day almost unchanged. Today the pair is trading slightly with positive bias close to the First Resistance level.

Supports and Resistances:

R3 0.7280

R2 0.7265

R1 0.7242

PP 0.7227

S1 0.7204

S2 0.7189

S3 0.7166


EUR/JPY

Market Scenario 1: Long positions above 123.55 with targets @ 124.04 & 124.54

Market Scenario 2: Short positions below 123.55 with targets @ 123.05 & 122.56

Comment: European currency during Friday’s session rose against US Dollar, closing the day with 50 pips profit. Today the pair came under selling pressure and dropped currently trading below the First Support level.

Supports and Resistances:

R3 125.03

R2 124.54

R1 124.04

PP 123.55

S1 123.05

S2 122.56

S3 122.06


EUR/USD

Market Scenario 1: Long positions above 1.1218 with targets @ 1.1241 & 1.1259

Market Scenario 2: Short positions below 1.1218 with targets @ 1.1200 & 1.1177

Comment: European currency during Friday’s session slightly rose against US Dollar, closing the session with 30 pips profit. Today the pair continues trading with positive bias having already reached the First Resistance level.

R3 1.1282

R2 1.1259

R1 1.1241

PP 1.1218

S1 1.1200

S2 1.1177

S3 1.1159


GBP/JPY

Market Scenario 1: Long positions above 160.06 with targets @ 160.60 & 161.60

Market Scenario 2: Short positions below 160.06 with targets @ 159.06 & 158.52

Comment: Sterling during Friday’s session continued falling against Japanese Yen for the second day in a row, closing the day with 70 pips loss. Today the pair continues trading with negative bias having already broken through the First Support level and testing the second one.

Supports and Resistances:

R3 162.14

R2 161.60

R1 160.60

PP 160.06

S1 159.06

S2 158.52

S3 157.52


GBP/USD

Market Scenario 1: Long positions above 1.4531 with targets @ 1.4578 & 1.4658

Market Scenario 2: Short positions below 1.4531 with targets @ 1.4451 & 1.4404

Comment: Sterling during Friday’s session dropped against US Dollar, closing the day with more than 100 pips loss. Today the pair is trading flat, however remain below Pivot point level.

Supports and Resistances:

R3 1.4705

R2 1.4658

R1 1.4578

PP 1.4531

S1 1.4451

S2 1.4404

S3 1.4324


USD/JPY

Market Scenario 1: Long positions above 110.17 with targets @ 110.49 & 110.91

Market Scenario 2: Short positions below 110.17 with targets @ 109.75 & 109.43

Comment: US Dollar during Friday’s session undertook an attempt to break thought the First Resistance level, however, encountered selling pressure retreated, closing the day in negative territory. Today the pair continues trading under pressure having already broken through the First Resistance level and aiming to test the Second one.

Supports and Resistances:

R3 111.23

R2 110.91

R1 110.49

PP 110.17

S1 109.75

S2 109.43

S3 109.01


GOLD

Market Scenario 1: Long positions above 1253.06 with targets @ 1262.51 & 1270.58

Market Scenario 2: Short positions below 1253.06 with targets @ 1244.99 & 1235.54

Comment: Gold during Friday’s session continued trading under pressure, closing third day in a row in negative territory. Today bullion is trading with negative bias below Pivot point level.

Supports and Resistances

R3 1288.10

R2 1270.58

R1 1262.51

PP 1253.06

S1 1244.99

S2 1235.54

S3 1218.02


CRUDE OIL

Market Scenario 1: Long positions above 47.97 with targets @ 48.53 & 49.32

Market Scenario 2: Short positions below 47.97 with targets @ 47.18 & 46.62

Comment: Crude Oil during Friday’s session came under selling pressure and dropped closing the day with a 0.50 US Dollar loss. Today Crude continues trading with negative bias, close to the Pivot Point level.

Supports and Resistances:

R3 50.67

R2 49.32

R1 48.53

PP 47.97

S1 47.18

S2 46.62

S3 45.27


USD/RUB

Market Scenario 1: Long positions above 65.81 with targets @ 66.64 & 67.15

Market Scenario 2: Short positions below 65.81with targets @ 65.30 & 64.47

Comment: US Dollar during Friday’s session was trading with positive bias against Russian ruble, amid decreased prices of Crude oil and high possibility of a Rate hike as soon as in June 2016. Today the pair continues trading with positive bias above Pivot point level.

Supports and Resistances:

R3 68.49

R2 67.15

R1 66.64

PP 65.81

S1 65.30

S2 64.47

S3 63.13


*Risk Disclosure: 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.