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.
Resistance
levels: 1.1300 - 1.1550 - 1.1600
Support
levels: 1.2000 - 1.1900 - 1.1800
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:
1.2000 - 1.1900 - 1.1800
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 is facing strong resistance at 1570 price level, and
it is expected to return to the 1450 support 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. The price is close to the level of $25 a barrel, which
represents a very strong support level.
Resistance
35.00 - 44.00 - 50.00
Support:
25.00 - 22.00 - 20.00
Trend: Bearish