EURUSD
The
EURUSD is moving upwardly on the hourly interval, yet the pair is now facing a
strong resistance level. Therefore, we should wait for a downside correction up
to the level of 1.09000 to buy.
Resistance
levels: 1.1000 - 1.1050 - 1.1100
Support
levels: 1.0900 - 1.0800 - 1.0750
Trend:
Bullish
GBPUSD
The
GBPUSD pair is moving in a downside 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, while it is currently finding support
represented in the upward trend line. Thus, we expect the correction to end and
the pair starts to rise.
Resistance
112.00 - 112.50 - 113.00
Support:
108.40 - 107.00 - 105.00
Trend:
Bullish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. Gold is now having a strong support at 1625.
Resistance:
1675 - 1700 - 1750
Support
1650 - 1600 - 1550
Trend:
Bullish
Oil
Oil
is moving in a bearish direction on the hourly interval, as shown in the
following image. We expect more decline, but the best area for selling is at 50.00
and the closest support level is at 45.00.
Resistance
50.00- 52.50- 55.50
Support:
45.00 - 42.00 - 40.00
Trend: Bearish