EURUSD
The
EURUSD is moving in an upward direction on the hourly interval. The pair fell
to its first target of 121.00 and rebounded from it, and we expect it to
re-test the resistance area 1.2170-1.2220 in the coming hours.
Resistance
levels: 1.2170 - 1.2220 - 1.2300
Support
levels: 1.2100 - 1.2000 - 1.1930
Trend:
Bullish
GBPUSD
The
GBPUSD pair is moving in an upward direction on the hourly interval. The pair
fell, achieving its descending targets, after failing to breach 1.3500
resistance, and after its success in ascending inside the bullish channel again.
We expect it to rise again targeting 1.3400 then 1.3500, on condition of not
trading below the level 1.3200.
Resistance
1.3400 - 1.3450 - 1.3500
Support:
1.3300 - 1.3250 - 1.3200
Direction:
Bullish
USDJPY
The
USDJPY pair is moving upwardly on the hourly interval. The pair fell as
expected, achieving more bearish targets and now trading near the sideways
trend support area. If it succeeds in maintaining trading above 103.50: 103.90,
it will rise again targeting the sideway-trend resistance.
Resistance
104.20 - 104.70 -105.00
Support:
103.50 - 103.00 - 102.00
Trend:
Sideways
Gold
Gold
is moving in a bearish direction on the hourly interval. Gold rose, achieving
its third target at the level of $1860, but is now trading near a major
resistance area, where the rising channel’s resistance and $1880 resistance. We
expect this area to succeed in stopping the rise of gold.
Resistance:
1860- 1880- 1900
Support
1840--1820--1800
Trend:
Bullish
Oil
Oil
(Brent crude) is moving in a sideway direction on the one-hour timeframe. Oil
rose to near its third target of $50.00 and is currently trading near a major
support area between $48.00 and $47.00. We expect that in the case of
maintaining trading above the aforementioned support area, it will rise again
targeting the level of $50.00 then $52.00.
Resistance
49.00 - 50.00 - 52.00
Support:
48.00 - 46.50 - 45.00
Trend: Sideways