Key option levels for Wednesday, January 4th
1/4/2017
EUR/USD
Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest - 7 417 ? + 21 502 ?
Closest resistance levels 1.0451; 1.0487; 1.0505; 1.0529
Closest support levels 1.0410; 1.0394(?); 1.0370; 1.0339
Trading recommendations
Baseline scenario Short EUR/USD below 1.0410, with target points at 1.0394 and 1.0370
Alternative scenario Moving above 1.0451 can be considered as a signal to Buy the pair, with target at 1.0487 and 1.0505
GBP/USD
Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 97 ? + 32 ?
Closest resistance levels 1.2290; 1.2310; 1.2337; 1.2372
Closest support levels 1.2251; 1.2232; 1.2194; 1.2164
Trading recommendations
Baseline scenario Long GBP/USD above 1.2290, with target points at 1.2310 and 1.2337
Alternative scenario Moving below 1.2251 can be considered as a signal to Sell the pair, with target at 1.2232 and 1.2194
USD/CAD
Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 236 ? + 8 ?
Closest resistance levels 1.3421; 1.3439; 1.3475; 1.3503
Closest support levels 1.3398; 1.3367; 1.3339; 1.3314
Trading recommendations
Baseline scenario Long USD/CAD above 1.3421, with the target points at 1.3439 and 1.3475
Alternative scenario Moving below 1.3398 can be considered as a signal to Sell the pair, with target at 1.3367 and 1.3339
AUD/USD
Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 163 ? + 386 ?
Closest resistance levels 0.7268; 0.7307; 0.7333; 0.7353
Closest support levels 0.7201; 0.7168; 0.7135; 0.7104
Trading recommendations
Baseline scenario Short AUD/USD below 0.7201, with the target points at 0.7168 and 0.7135
Alternative scenario Moving above 0.7268 can be considered as a signal to Buy the pair, with target at 0.7307 and 0.7333
More:
https://new.fxbazooka.com/analytics/11931
1/4/2017
EUR/USD
Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest - 7 417 ? + 21 502 ?
Closest resistance levels 1.0451; 1.0487; 1.0505; 1.0529
Closest support levels 1.0410; 1.0394(?); 1.0370; 1.0339
Trading recommendations
Baseline scenario Short EUR/USD below 1.0410, with target points at 1.0394 and 1.0370
Alternative scenario Moving above 1.0451 can be considered as a signal to Buy the pair, with target at 1.0487 and 1.0505
GBP/USD
Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 97 ? + 32 ?
Closest resistance levels 1.2290; 1.2310; 1.2337; 1.2372
Closest support levels 1.2251; 1.2232; 1.2194; 1.2164
Trading recommendations
Baseline scenario Long GBP/USD above 1.2290, with target points at 1.2310 and 1.2337
Alternative scenario Moving below 1.2251 can be considered as a signal to Sell the pair, with target at 1.2232 and 1.2194
USD/CAD
Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 236 ? + 8 ?
Closest resistance levels 1.3421; 1.3439; 1.3475; 1.3503
Closest support levels 1.3398; 1.3367; 1.3339; 1.3314
Trading recommendations
Baseline scenario Long USD/CAD above 1.3421, with the target points at 1.3439 and 1.3475
Alternative scenario Moving below 1.3398 can be considered as a signal to Sell the pair, with target at 1.3367 and 1.3339
AUD/USD
Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 163 ? + 386 ?
Closest resistance levels 0.7268; 0.7307; 0.7333; 0.7353
Closest support levels 0.7201; 0.7168; 0.7135; 0.7104
Trading recommendations
Baseline scenario Short AUD/USD below 0.7201, with the target points at 0.7168 and 0.7135
Alternative scenario Moving above 0.7268 can be considered as a signal to Buy the pair, with target at 0.7307 and 0.7333
More:
https://new.fxbazooka.com/analytics/11931