Technical Analysis 14/04/2016

AUD/USD

Market Scenario 1: Long positions above 0.7667 with targets @ 0.7700 & 0.7749

Market Scenario 2: Short positions below 0.7667 with targets @ 0.7614 & 0.7545

Comment: Aussie during yesterday’s session reached a new high against US Dollar, however, encountered selling pressure at its highest the pair retreated, closing the day in negative territory. Today AUDUSD is trading slightly with negative bias below Pivot pint level.

Supports and Resistances:

R3           0.7782

R2           0.7749

R1           0.7700

PP          0.7667  

S1           0.7618

S2           0.7585

S3           0.7536

AUDUSD

 

EUR/JPY

Market Scenario 1: Long positions above 123.38 with targets @ 123.76 & 124.23

Market Scenario 2: Short positions below 123.38 with targets @ 122.91 & 122.53

Comment: European currency during yesterday’s session came under selling pressure against Japanese Yen and lost everything it managed to gain during the preceding trading session. Today the pair continues trading with negative bias close to the First Support level.

Supports and Resistances:

R3           124.61

R2           124.23

R1           123.76

PP          123.38

S1           122.91

S2           122.53

S3           122.06

EURJPY

 

EUR/USD

Market Scenario 1: Long positions above 1.1310 with targets @ 1.1353 & 1.1433

Market Scenario 2: Short positions below 1.1310 with targets @ 1.1230 & 1.1187

Comment: European currency during yesterday’s session was drastically sold-off against US Dollar, closing the session with more than 100 pips loss. Today the pair continues trading under pressure having already reached the First Support level at 1.123

Supports and Resistances:

R3          1.1476

R2           1.1433

R1           1.1353

PP          1.1310

S1           1.1230

S2           1.1187

S3           1.1107

EURUSD

 

GBP/JPY

Market Scenario 1: Long positions above 155.25 with targets @ 155.83 & 156.32

Market Scenario 2: Short positions below 155.25 with targets @ 154.76  & 154.18

Comment: Sterling during yesterday’s session continued appreciating against Japanese Yen for the fourth day in a row, reaching 155.70 its highest level since 6th of April. Today the pair, however, came under selling pressure having already broken through both support levels.

Supports and Resistances:

R3           156.90

R2           156.32

R1           155.83

PP          155.25

S1           154.76

S2           154.18

S3           153.69

GBPJPY

 

GBP/USD

Market Scenario 1: Long positions above 1.4225 with targets @ 1.4258 & 1.4311

Market Scenario 2: Short positions below 1.4225 with targets @ 1.4172 & 1.4139

Comment: Sterling during yesterday’s session came under selling pressure and dropped against US Dollar, closing the day with 60 pips loss. Today the pair dropped even further having already lost 100 pips since opening of the session.

Supports and Resistances:

R3           1.4344

R2           1.4311

R1           1.4258

PP          1.4225

S1           1.4172

S2           1.4139

S3           1.4086

GBPUSD

 

USD/JPY

Market Scenario 1: Long positions above 109.08 with targets @ 109.67 & 109.98

Market Scenario 2: Short positions below 109.08 with targets @ 108.77 & 108.18

Comment: US Dollar during yesterday’s session continued appreciating against Japanese Yen for the second day in a row, closing the session with 65 pips profit. Today the pair remain trading with positive bias close to the First Resistance level.

Supports and Resistances:

R3           110.57

R2           109.98

R1           109.67

PP          109.08

S1           108.77

S2           108.18

S3           107.87

USDJPY

 

GOLD

Market Scenario 1: Long positions above 1246.02 with targets @ 1252.80 & 1263.35

Market Scenario 2: Short positions below 1246.02 with targets @ 1235.47 & 1228.69

Comment: Gold during yesterday’s session continued falling against US Dollar, closing the session with 13 US Dollar loss. Today bullion remains trading under pressure having already tested the First Support level.

Supports and Resistances

R3           1280.68

R2           1263.35

R1           1252.80

PP          1246.02

S1           1235.47

S2           1228.69

S3           1211.36

GOLD

 

CRUDE OIL

Market Scenario 1: Long positions above 41.72 with targets @ 42.21 & 42.90

Market Scenario 2: Short positions below 41.72 with targets @ 41.03 & 40.54

Comment: Crude oil during yesterday’s session reached a fresh new high at 42.40, the highest level since 27th of November 2015., however, crude didn’t manage to sustain the pressure and retreated closing the session at 41.53. Today Crude is trading under pressure close to the First Support level.

Supports and Resistances:

R3           44.08

R2           42.90

R1           42.21

PP          41.72

S1           41.03

S2           40.54

S3           39.36

CRUDE

 

USD/RUB

Market Scenario 1: Long positions above 64.91 with targets @ 66.13 & 66.78

Market Scenario 2: Short positions below 64.91 with targets @ 63.77 & 63.04

Comment: US Dollar during yesterday’s rose against Russian ruble amid overall strength against its pees. Today the pair is trading flat, slightly above 65 Russian rubles per US Dollar.

Supports and Resistances:

R3           68.65

R2           66.78

R1           65.64

PP          64.91

S1           63.77

S2           63.04

S3           61.17

USDRUB

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