EURUSD
The
EURUSD is moving in a bearish direction on the hourly interval. The pair has
reached the lower bound of the descending classical channel and it is expected
to rise to the resistance level of 1.0990, but on condition of stability above
1.0872.
Resistance
levels: 1.0990 - 1.1086 - 1.1175
Support
levels: 1.0800 - 1.0750 - 1.0700
Trend:
Bearish
GBPUSD
The
GBPUSD pair is moving in a bearish direction on the one-hour timeframe, forming
a classic descending channel, where the pair is expected to drop from the level
of 1.3100.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Bearish
USDJPY
The
USDJPY pair is still moving in a bullish direction on the hourly interval. If
it remained above the support level of 109.65, it is likely to rise in the
coming hours.
Resistance
110.00 - 110.50 - 111.00
Support:
108.40 - 107.50 - 107.00
Trend:
Bullish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. Gold is targeting 1600 price level during the coming hours.
Resistance:
1600 - 1625 - 1650
Support
1550 - 1520 - 1500
Trend:
Bullish
Oil
Oil
is moving in an upside direction over the one-hour timeframe after breaching the classic descending
channel. The price is expected to rise until the resistance level of 54.75
during the coming hours.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish