Key option levels for Friday, March 31st

EUR/USD

Main trend	Short-term period	Medium-term period
	Neutral	Neutral
Changes in the open interest	+ 21 248 ↑	+ 39 453 ↑
Closest resistance levels	1.0713; 1.0761; 1.0786; 1.0829
Closest support levels	1.0662; 1.0628; 1.0608; 1.0585
Trading recommendations
Baseline scenario	Short EUR/USD below 1.0662 (or from 1.0713), with target points at 1.0628 and 1.0608
Alternative scenario	Moving above 1.0713 can be considered as a signal to Buy the pair, with target at 1.0761 and 1.0786

GBP/USD

Main trend	Short-term period	Medium-term period
	Bullish	Bearish
Changes in the open interest	+ 126 ↑	- 42 ↓
Closest resistance levels	1.2473; 1.2501; 1.2531; 1.2568
Closest support levels	1.2434; 1.2405; 1.2371; 1.2331
Trading recommendations
Baseline scenario	Long GBP/USD above 1.2473, with target points at 1.2501 and 1.2531
Alternative scenario	Moving below 1.2434 can be considered as a signal to Sell the pair, with target at 1.2405 and 1.2371

USD/CAD

Main trend	Short-term period	Medium-term period
	Neutral	Bullish
Changes in the open interest	+ 619 ↑	- 9 ↓
Closest resistance levels	1.3330; 1.3356; 1.3373; 1.3401
Closest support levels	1.3286; 1.3261; 1.3215; 1.3189
Trading recommendations
Baseline scenario	Long USD/CAD above 1.3330 (or from 1.3286), with the target points at 1.3356 and 1.3373
Alternative scenario	Moving below 1.3286 can be considered as a signal to Sell the pair, with target at 1.3261 and 1.3215

Grigory Zverev

Similar

24.09.2018 08:33 GBP/USD: 'V-Top' pattern led to decline

There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...

gbp

24.09.2018 05:22 USD/CAD is recovering

Last week, USD/CAD held above the strong daily support level.

cad

23.09.2018 15:59 Gold will continue to consolidate

On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

usd 7 day forecast gold forex signals forex exchange