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
1.0800.
Resistance
levels: 1.0900 - 1.0990 - 1.1020
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. It is likely that the pair will rise to the level
of 1.3100 as it bounces from the lower bound of the descending classic channel.
Resistance
1.3000 -1.3200 - 1.3350
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Bearish
USDJPY
The
USDJPY pair is moving in an upside direction on the hourly interval. The price
is currently facing a resistance at 112.00 and it is likely that it will drop until
level 111.00 and then continue to rise.
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 broke through the resistance level 1611, so the price now targets
1650.
Resistance:
1650 - 1700 - 1750
Support
1600 - 1550 - 1500
Trend:
Bullish
Oil
Oil
is moving in an upside direction over the hourly interval after reaching its
target that we pointed out yesterday. It is possible that it will fall to 52.00
price level before continuing to rise again.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish