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 moving in an upside direction on the hourly interval after breaching
the rectangle pattern yesterday. The pair reached the upper border of the
bullish classic channel, and a correction is expected until the price level of
110.30.
Resistance
112.00 - 112.50 - 113.00
Support:
110.00 - 109.50 - 108.40
Trend:
Bullish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. It has reached its target of 1610, and it is possible that it
will find resistance at this level, so we should wait for a downside correction
until the level of 1590 to buy again.
Resistance:
1611 - 1625 - 1650
Support
1590 - 1550 - 1500
Trend:
Bullish
Oil
Oil
is moving in an upside direction over the hourly interval, as shown in the following
picture. It is possible to see further bullishness until the price level of 55.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish