Key option levels for Wednesday, March 1st
3/1/2017
EUR/USD
Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest -No Data- -No Data-
Closest resistance levels 1.0562; 1.0598; 1.0616; 1.0636; 1.0667
Closest support levels 1.0531; 1.0492; 1.0447; 1.0399
Trading recommendations
Baseline scenario (High risk of reversal) Long EUR/USD above 1.0562, with target points at 1.0598 and 1.0616
Alternative scenario Moving below 1.0531 can be considered as a signal to Sell the pair, with target at 1.0492 and 1.0447
USD/JPY
Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest -No Data- -No Data-
Closest resistance levels 113.75; 114.34; 114.97; 115.62
Closest support levels 112.80; 112.51; 112.18
Trading recommendations
Baseline scenario Long USD/JPY above 113.75, with target points at 114.34 and 114.97
Alternative scenario Moving below 112.80 can be considered as a signal to Sell the pair, with target at 112.51 and 112.18
USD/CAD
Main trend Short-term period Medium-term period
Bearish Bullish
Changes in the open interest -No Data- -No Data-
Closest resistance levels 1.3317; 1.3364; 1.3434; 1.3515
Closest support levels 1.3289; 1.3259; 1.3217; 1.3151
Trading recommendations
Baseline scenario Short USD/CAD below 1.3289, with the target points at 1.3259 and 1.3217
Alternative scenario Moving above 1.3317 can be considered as a signal to Buy the pair, with target at 1.3364 and 1.3434
More:
https://new.fxbazooka.com/analytics/12685
3/1/2017
EUR/USD
Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest -No Data- -No Data-
Closest resistance levels 1.0562; 1.0598; 1.0616; 1.0636; 1.0667
Closest support levels 1.0531; 1.0492; 1.0447; 1.0399
Trading recommendations
Baseline scenario (High risk of reversal) Long EUR/USD above 1.0562, with target points at 1.0598 and 1.0616
Alternative scenario Moving below 1.0531 can be considered as a signal to Sell the pair, with target at 1.0492 and 1.0447
USD/JPY
Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest -No Data- -No Data-
Closest resistance levels 113.75; 114.34; 114.97; 115.62
Closest support levels 112.80; 112.51; 112.18
Trading recommendations
Baseline scenario Long USD/JPY above 113.75, with target points at 114.34 and 114.97
Alternative scenario Moving below 112.80 can be considered as a signal to Sell the pair, with target at 112.51 and 112.18
USD/CAD
Main trend Short-term period Medium-term period
Bearish Bullish
Changes in the open interest -No Data- -No Data-
Closest resistance levels 1.3317; 1.3364; 1.3434; 1.3515
Closest support levels 1.3289; 1.3259; 1.3217; 1.3151
Trading recommendations
Baseline scenario Short USD/CAD below 1.3289, with the target points at 1.3259 and 1.3217
Alternative scenario Moving above 1.3317 can be considered as a signal to Buy the pair, with target at 1.3364 and 1.3434
More:
https://new.fxbazooka.com/analytics/12685