EURUSD
The
EURUSD is moving upwardly on the hourly interval, and it faces a strong
resistance level at 1.1250. Therefore, it is preferable to buy from 1.1000
levels.
Resistance
levels: 1.1250 - 1.1300 - 1.1400
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 rise to the
level of 1.3100 as it bounces from the lower bound of the descending classic
channel.
Resistance
1.3000 -1.3100 - 1.3250
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Bearish
USDJPY
The
USDJPY pair is moving in a downward direction on the hourly interval. The price
is likely to continue falling, but the best selling areas are at 107.50 price
level.
Resistance
107.50 - 109.00 - 110.00
Support:
105.00 - 104.00 - 102.00
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 a resistance level at 1680 and it is
possible to drop until the price level of 1600.
Resistance:
1650 - 1700 - 1750
Support
1560 - 1512 - 1482
Trend:
Bullish
Oil
Oil
is showing some volatile movements on the hourly interval, as shown in the
following image. It is possible that oil will find a strong support level at 45.00,
and therefore it is preferable to wait until the direction becomes clear before
buying or selling.
Resistance
50.00- 52.50- 55.50
Support:
45.00 - 42.00 - 40.00
Trend: Bullish