Key option levels for Tuesday, March 14th
3/14/2017
EUR/USD
Main trend Short-term period Medium-term period
Bearish Neutral
Changes in the open interest - 2 483 621 ? - 1 577 361 ?
Closest resistance levels 1.0667; 1.0686; 1.0708
Closest support levels 1.0633; 1.0600; 1.0580; 1.0558
Trading recommendations
Baseline scenario Short EUR/USD below 1.0633 (or from 1.0667), with target points at 1.0600 and 1.0580
Alternative scenario Moving above 1.0667 can be considered as a signal to Buy the pair, with target at 1.0686 and 1.0708
GBP/USD
Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 21 ? + 217 ?
Closest resistance levels 1.2180; 1.2212; 1.2240
Closest support levels 1.2134; 1.2106; 1.2074 (?ritical); 1.2039
Trading recommendations
Baseline scenario Short GBP/USD below 1.2134 (or from 1.2159), with target points at 1.2106 and 1.2074
Alternative scenario Moving above 1.2180 can be considered as a signal to Buy the pair, with target at 1.2212 and 1.2240
USD/CAD
Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 171 ? + 52 ?
Closest resistance levels 1.3457; 1.3483; 1.3521; 1.3576
Closest support levels 1.3419; 1.3364; 1.3326; 1.3277
Trading recommendations
Baseline scenario Long USD/CAD above 1.3457, with the target points at 1.3483 and 1.3521
Alternative scenario Moving below 1.3419 can be considered as a signal to Sell the pair, with target at 1.3364 and 1.3326
More:
https://new.fxbazooka.com/analytics/12849
3/14/2017
EUR/USD
Main trend Short-term period Medium-term period
Bearish Neutral
Changes in the open interest - 2 483 621 ? - 1 577 361 ?
Closest resistance levels 1.0667; 1.0686; 1.0708
Closest support levels 1.0633; 1.0600; 1.0580; 1.0558
Trading recommendations
Baseline scenario Short EUR/USD below 1.0633 (or from 1.0667), with target points at 1.0600 and 1.0580
Alternative scenario Moving above 1.0667 can be considered as a signal to Buy the pair, with target at 1.0686 and 1.0708
GBP/USD
Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 21 ? + 217 ?
Closest resistance levels 1.2180; 1.2212; 1.2240
Closest support levels 1.2134; 1.2106; 1.2074 (?ritical); 1.2039
Trading recommendations
Baseline scenario Short GBP/USD below 1.2134 (or from 1.2159), with target points at 1.2106 and 1.2074
Alternative scenario Moving above 1.2180 can be considered as a signal to Buy the pair, with target at 1.2212 and 1.2240
USD/CAD
Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 171 ? + 52 ?
Closest resistance levels 1.3457; 1.3483; 1.3521; 1.3576
Closest support levels 1.3419; 1.3364; 1.3326; 1.3277
Trading recommendations
Baseline scenario Long USD/CAD above 1.3457, with the target points at 1.3483 and 1.3521
Alternative scenario Moving below 1.3419 can be considered as a signal to Sell the pair, with target at 1.3364 and 1.3326
More:
https://new.fxbazooka.com/analytics/12849