EURUSD
The
EURUSD is moving in a downtrend in a classic bearish channel on the hourly
interval inside a classic bearish channel. The price has fallen from the upper
border, as shown in the following picture, and the support line has been broken,
so we expect more decline.
Resistance
levels: 1.1250 - 1.1300 - 1.1350
Support
levels: 1.0990 - 1.0940 - 1.0850
Trend:
Bearish
GBPUSD
The
GBPUSD is fluctuating on the hourly timeframe after breaking the triangle
pattern. We expect more decline in the coming hours.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Volatile
USDJPY
The
USDJPY pair is still moving in a bullish direction on the hourly interval. The
pair rose strongly, as we expected yesterday, breaching resistance at 109.70, which
turned into a support level, so we expect more rise.
Resistance
110.00 - 110.50 - 111.00
Support:
108.40 - 107.50 - 107.00
Trend:
Bullish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. Gold is targeting 1580 price level as a first target.
Resistance:
1600 - 1625 - 1650
Support
1513 - 1500 - 1480
Trend:
Bullish
Oil
Oil
is moving in a bearish direction over the one-hour timeframe after breaching the classic descending
channel. The price is expected to rise until the resistance level of 54.75
during the coming hours.
Resistance
54.75 - 62.50 - 65.00
Support:
51.45 - 50.00 – 45.00
Trend: Bullish