DOLLAR INDEX
The index rose in previous sessions, nearing important resistance levels around 104.50. It is anticipated that the index will target the zone around 104.75, and if it breaks above this level, the dollar index may resume its upward trend in the short term. However, this scenario would be invalidated if it falls back below 103.75 once again.
|
Support |
104 | 103.75 | 103 | |||
| Resistance | 104.50 | 104.75 |
– |
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EURUSD
Prices are trading within a short-term sideways range between the resistance zone at 1.0975 and the support zone at 1.0785. A break below the support level could resume the downward trend, It is expected that price movements will remain confined within a narrow range in the upcoming trading sessions.
|
Support |
1.0770 | 1.0750 | 1.0700 | |||
| Resistance | 1.0800 | 1.0835 |
1.0865 |
|||
GBPUSD
The prices are currently trading within a sideways range between the resistance zone at 1.2775 and the support zone at 1.2530. It is expected that prices will experience relative calmness in their fluctuations, confined within a narrow range. If prices break above the level of 1.2650, we may test the resistance zone at 1.2775.
|
Support |
1.2590 | 1.2575 | 1.2520 | ||
| Resistance | 1.2640 | 1.2670 |
1.2775 |
||
USDJPY
Prices are currently trading below the significant resistance level at 152. Consequently, it is likely that prices will test the 150.50 area. It is expected that the USD/JPY pair will move sideways in the short term between the support and resistance zones mentioned earlier.
|
Support |
151.15 | 151 | 150.50 | |||
| Resistance | 152 | – | – | |||
GOLD
Gold has achieved new historic highs in recent trading sessions, confirming its upward trend in the medium term, which opens up opportunities for prices to target new levels higher. However, caution should be exercised as support levels are relatively distant from current price levels.
|
Support |
2223 | 2210 | 2200 | |||
| Resistance | 2280 | 2300 |
– |
|||
USOIL
![USOIL]()
Crude oil prices rose in recent trading sessions, approaching resistance levels around $83. If these levels are breached to the upside, the next target could be $85. However, this scenario would be invalidated if the support levels around $80 are broken downwards.
|
Support |
82.5 | 81.65 | 80.5 | |||
| Resistance | 83 | 83.5 |
85.50 |
|||
BTCUSD
Prices are trading above the $68,150 level, which has become a significant support. In this scenario, we may retest the previous peak in the range of $73,000. However, this scenario would be invalidated if the previously mentioned support level is broken downwards.
|
Support |
69100 | 68150 | 67600 | ||
| Resistance | 71750 | 73300 | – | ||
DOWJONES
The Dow Jones index is trading in a bullish direction in the medium term, with prices trading above the previous peak near the $40,000 level. If prices continue to hold above this level, we will resume the upward trajectory. However, if the previously mentioned area is broken downwards, we may target $39,300.
|
Support |
39650 | 39300 | 38800 | |||
| Resistance | 40000 | 40350 |
40500 |
|||
NASDAQ
The Nasdaq index is trading sideways in the short term. If prices break above the $18,500 level, we may target the $18,800 region. However, if the minor support around $18,170 is broken downwards, we could target $17,850.
|
Support |
18170 | 18000 | 17850 | |||
| Resistance | 18350 | 18500 |
18800 |
|||
