EURUSD
The
EURUSD is moving in an upward direction on the hourly interval. The pair rose
close to its second target and then began to decline, breaking the support of
the ascending channel. We expect that in the case of resistance above, it will
rise again towards its previous peak or the break 1.2100 will qualify it for
further decline towards 1.2000 then 1.1900.
Resistance
levels: 1.2200 - 1.2270 - 1.2400
Support
levels: 1.2100 - 1.2000 - 1.1900
Trend:
Bullish
GBPUSD
The
GBPUSD pair is moving in an upward direction on the hourly interval. The pair
succeeded in ascending to its first target at 1.3700. We expect it to continue
rising towards its next target of 1.3800, then 1.4000, as long as it trades
above 1.3400.
Resistance:
1.3600 - 1.3700 - 1.3800
Support:
1.3500 - 1.3400 - 1.3200
Direction:
Bullish
USDJPY
The
USDJPY pair is moving in a downward on the hourly interval. The pair succeeded
in entering the sideways channel again, after approaching the first descending
target, and we expect it to continue moving between the 103.00 level and the
104.75 level, as long as it trades above 102.50.
Resistance
104.20 - 104.75 -105.50
Support:
103.90 - 103.00 - 102.00
Trend:
Sideways
Gold
Gold
is moving in a sideway direction on the hourly interval. Gold did not succeed
in maintaining trading above the support area of ??1900-1890, which made it
fall sharply. We expect it to rise from it in a corrective rise to retest 1860 and
we expect the support zone 1800-1780 to stop any upcoming downturn in the short
and medium terms.
Resistance:
1860- 1880- 1900
Support:
1830- 1800- 1780
Trend:
Bearish
Oil
Oil
(Brent crude) is moving in an upward direction on the one-hour timeframe. Oil
succeeded in rising, achieving its third target at $56.00. We expect it to
decrease from the resistance of the upper bound of the current ascending
channel in limited profit-taking operations and will remain eligible for
further rise as long as it is above $52.00.
Resistance:
56.00- 58.00- 60.00
Support:
54.00 - 52.00 - 50.00
Trend: Bullish
