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 showing volatility on the hourly interval, forming a rectangular
pattern. We are should wait for the breach of the rectangle to the upside or
downside to decide whether to buy or sell.
Resistance
110.00 - 110.50 - 111.00
Support:
108.40 - 107.50 - 107.00
Trend:
Volatile
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, provided that it breaches 1590.
Resistance:
1600 - 1625 - 1650
Support
1550 - 1520 - 1500
Trend:
Bullish
Oil
Oil
is moving in a downside direction over the one-hour timeframe after breaching the classic descending
channel. The price is expected to fall to the level of 50.00 again.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish