EURUSD
The
EURUSD is moving in a bearish direction on the hourly interval, yet the pair is
expected to rise this week until the price level of 1.0990.
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
bounced from the resistance level of 112.00 and is expected to continue falling
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. Gold is now facing a strong resistance at 1675, and it is
likely that it will continue to correct downwardly until the 1611 price level,
from which it is possible to buy.
Resistance:
1675 - 1700 - 1750
Support
1650 - 1600 - 1550
Trend:
Bullish
Oil
Oil
is moving in an upside direction over the hourly interval after reaching its
target that we pointed out last week. Oil reached a target of 52.00 and it is
likely to rise to 54.00.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish