EURUSD
As
we expected, the EURUSD fell strongly on Friday until it reached the level of
1.1080, where the price is now facing a support level represented in the lower
boundary of the descending classical channel and therefore it may start a corrective
rise.
Resistance
levels: 1.1175 - 1.1210 - 1.1260
Support
levels: 1.1110 - 1.0990 - 1.0940
Direction:
Bearish
GBPUSD
The
GBPUSD broke the uptrend line, but close to a strong support area. So, we should
wait for it to break down to target the 1.2770 price level.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.3020 - 1.2960 - 1.2900
Direction:
Bearish
USDJPY
The
USDJPY is showing fluctuation over the one-hour timeframe and is likely to
continue falling until the 108.90 price level, where it may find the first
support area.
Resistance:
109.70 - 110.00 - 110.50
Support:
108.90 - 108.30 - 107.90
Trend:
Volatile
Gold
Gold
is moving in an upside direction on the hourly interval, as shown in the
following image. The price is facing resistance near the level of 1485, and we
should wait for its breach and stability above it to buy.
Resistance:
1495 - 1515 - 1540
Support:
1445 - 1430 - 1420
Trend:
Bullish
Oil
Oil
fell due to reaching the upper bound of the bullish classic channel. Now, the
price is targeting the 58.80 price level and then we should wait for a suitable
price behavior to buy as the trend is still bullish.
Resistance
62.50 - 65.00 - 68.00
Support:
58.81 - 53.75 - 51.45
Trend: Bullish