EURUSD
The
EURUSD is moving upwardly on the hourly interval, and it faces a strong
resistance level at 1.1090. Therefore, it is preferable to buy from 1.1000
levels.
Resistance
levels: 1.1100 - 1.1200 - 1.1300
Support
levels: 1.1000 -1.0900 - 1.0800
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
has breached the classical bullish channel and the resistance level of 108.50.
So, we expect more drop provided that the price stabilizes below 108.50.
Resistance
108.50 - 110.00 - 112.50
Support:
107.50 - 106.00 - 105.00
Trend:
Bearish
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 1563.
Resistance:
1611 - 1650 - 1700
Support
1560 - 1512 - 1482
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