EURUSD
EURUSD
is moving in a bearish direction over on-hour time interval, with a break of
1.0990 likely to target 1.0940.
Resistance
Levels: 1.1055 - 1.1095 - 1.1175
Support
Levels: 1.0990 - 1.0940 - 1.0880
Trend: down below 1.0990, rising above 1.1100 levels
GBPUSD
GBPUSD
is showing volatile movements on the one-hour time frame, waiting for the
triangle to break or break to the upside to determine the direction. The RSI
indicator is close to oversold levels, noting that the bottom of the triangle
is likely to be a strong support and may push the price up.
Resistance:
1.2965- 1.3050- 1.3150
Support:
1.2760 - 1.2660 - 1.2550
Direction: Volatile
USDJPY
USDJPY
is moving upwards after breaching the trend line on the one-hour timeframe, but
the RSI is indicating the price is overbought, so we will wait for a retest of
the breached trend line to buy.
Resistance:
109.00 - 109.50 - 110.00
Support:
108.30 - 107.90 - 107.30
Trend: Bullish
Gold
Gold
is moving in a bearish direction on the hourly timeframe, as seen from the chart below, the price is currently at 1455 and is likely to target 1445 as
it is the first support level, where the RSI does not provide overbought or
oversold.
Resistance:
1475 - 1495 - 1515
Support:
1445 - 1430 - 1410
Direction: Bearish
Oil
Oil
is moving in an uptrend on the hourly timeframe but is close to the resistance
level of 58.75 and the RSI indicator is close to the overbought levels, so it
is likely to decline in the coming hours until the support level of 56.20 and
then continue its rise.
Resistance:
58.75 - 62.50 - 65.00
Support:
56.20 - 53.75 - 51.45
Trend: Bullish