Trend Theme：Prospects of a significant correction from key monthly structure.
Trend Review：EUR/USD bears move in on a critical area of support. The US dollar strengthened on Monday on a volatile day to start the week which had EUR/USD slipping to 0.9552 from 0.9694. The single currency has dropped to a major level on the monthly chart.
|PP||Resistance*||0.9695 *||0.9781 **||0.9852 ***|
|0.9624||Support*||0.9539 *||0.9467 **||0.9382 ***|
Trend Theme：USD/JPY eyes weakness below 144.50 ahead of US Durable Goods Orders.
Trend Review：The USD/JPY pair is displaying signs of momentum loss after displaying a juggernaut rally to near 144.70. A failure in smashing the psychological resistance of 145.00 has set the stage for a correction in the counter. The pair has attempted multiple times to hit 145.00 but has failed amid lower consensus for the US Durable Goods Orders data.
|PP||Resistance*||145.28 *||145.80 **||146.82 ***|
|144.27||Support*||143.74 *||142.73 **||142.21 ***|
Trend Theme：Oil prices hit a nine-month low on a strong dollar and the European Union plans to delay capping Russian oil prices.
Trend Review：Oil prices fell nearly 4 percent to their lowest close in nine months on Monday, hurt by a stronger dollar and as market participants awaited details of new sanctions against Russia, while the risk of a sharp global recession also weighed on prices. Watch API data throughout the day, as well as news related to the new U.S. oil reserve plan.
|PP||Resistance*||78.82 *||81.50 **||82.87 ***|
|77.45||Support*||74.78 *||73.40 **||70.73 ***|
Trend Theme：Gold rebounds from 29-month low above $1,600, falling wedge, US data eyed.
Trend Review：Gold price licks its wounds around a 2.5-year low, mildly bid near $1,627 during Tuesday’s Asian session, as the market’s risk-off mood ebbs amid a lack of major data/events. US CB Consumer Confidence, Durable Goods Orders eyed to extend corrective bounce.
|PP||Resistance*||1641.12 *||1659.81 **||1669.79 ***|
|1631.14||Support*||1612.45 *||1602.47 **||1583.78 ***|