EURUSD
The
EURUSD is moving upwardly on the hourly interval. We expect more upside from
the current levels due to the presence of strong support and the test of the breached
trend line.
Resistance
levels: 1.1300 - 1.1550 - 1.1600
Support
levels: 1.1100 - 1.1000 - 1.09000
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 find
support at 1.2200, but it is preferable to sell from the 1.2550 that represent
a resistance level.
Resistance
1.2270 - 1.3000 - 1.3250
Support:
1.2200 - 1.2100 - 1.2000
Direction:
Bearish
USDJPY
The
USDJPY pair is moving in a downward direction on the hourly interval. The price
has reached strong resistance areas and it is likely to continue its drop in
the coming hours.
Resistance
107.70 - 110.00 - 112.00
Support:
105.30 - 101.00 - 100.00
Trend:
Bearish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. The price may find strong support at 1450 price level, where
an upside correction is expected until the 1513 price level.
Resistance:
1600 - 1650 - 1700
Support
1450 - 1400 - 1350
Trend:
Bearish
Oil
Oil
is moving in a bearish direction on the hourly interval, as shown in the
following image. We should wait for the price to reach the level of 35.00 to
sell again or the price of 25 to buy.
Resistance
35.00 - 44.00 - 50.00
Support:
25.00 - 22.00 - 20.00
Trend: Bearish