EURUSD
The
EURUSD is moving in an upward direction on the hourly interval. The pair
succeeded in rising towards the target price of 1.2000 and then retreated,
breaking the ascending channel, and now it is re-testing it. If it succeeds in
trading inside it again, it will target 1.2050.
Resistance
levels: 1.1960 - 1.2000 - 1.2100
Support
levels: 1.1930 - 1.1790 - 1.1600
Trend:
Bullish
GBPUSD
The
GBPUSD pair is moving in an upward direction on the hourly interval. The pair
is trading around a minor resistance at 1.3350. If it is breached, the next
target will be at 1.3400 then 1.3480.
Resistance
1.3350 - 1.3400 - 1.3480
Support:
1.3300 - 1.3200 - 1.3000
Direction:
Bullish
USDJPY
The
USDJPY pair is moving upwardly on the hourly interval. The pair succeeded in
rising from the support area for the sideways direction mentioned previously,
achieving its first target. We expect it to continue rising towards 104.60, and
if it breaks, the next target will be at 105.00.
Resistance
104.20 - 104.60 -105.60
Support:
104.20 - 103.60 - 103.00
Trend:
Sideways
Gold
Gold
is moving in a bearish direction on the hourly interval. Prices began to rise
yesterday in a corrective movement, and we expect it to continue to rise to test
the breached support of $1800, as a key resistance level.
Resistance:
1800- 1820- 1890
Support
1750 - 1665 - 1600
Trend:
Bearish
Oil
Oil
(Brent crude) is moving in a sideway direction on the one-hour timeframe. Oil
fell to its bearish target of $ 47.00 and is currently trading near a major
support area. We expect a rise, targeting the level of $48.00 and then $48.90.
Resistance
49.00 - 50.00 - 51.00
Support:
46.50 - 45.00 - 42.50
Trend: Sideways
