DOLLAR INDEX
The dollar index has regained its upward momentum in the short term. As a result, we may target 106.70. However, this scenario would be invalidated if the index breaks below 105.70 again.
|
Support |
105.70 | 104.75 | 104.50 | |||
| Resistance | 106.30 | 106.50 |
106.70 |
|||
EURUSD
Prices have broken below the support levels at 1.0670, indicating a potential continuation of the downward trend in the upcoming trading sessions with a target around 1.0500. This scenario would be invalidated if the prices reclaim the 1.0670 level once again and move higher.
|
Support |
1.0600 | 1.0520 | 1.0490 | |||
| Resistance | 1.0685 | 1.0750 |
1.0860 |
|||
GBPUSD
GBP/USD pair is moving downwards in the short term, with a potential target of the area around 1.2200. This scenario may change if the pair reclaims the 1.2400 level, and move higher.
|
Support |
1.2300 | 1.2240 | 1.2200 | ||
| Resistance | 1.2380 | 1.2400 |
1.2430 |
||
USDJPY
Prices are moving in an up-trend on the medium-term. It is likely that the area around $154.50-$155 will act as a resistance and may limit the pace of the upward movement. If the support area at $153.85 is broken downwards, we may revisit the $152.85 level.
|
Support |
154.25 | 153.85 | 152.85 | |||
| Resistance | 154.80 | 155 |
155.20 |
|||
GOLD
Gold is trending upwards in the medium term, but it may face difficulty in breaking above the $2430 level. However, if the support area at $2355 is breached to the downside, we may see a retest of the $2330 level.
|
Support |
2355 | 2330 | 2300 | |||
| Resistance | 2400 | 2417 |
2431 |
|||
USOIL
Oil is trading sideways in the short term, between the support zone at $81 and the resistance zone at $84.5. It is likely that this sideways movement will continue in the upcoming trading sessions.
|
Support |
81 | 80.5 | 80 | |||
| Resistance | 82.8 | 83.5 |
84.5 |
|||
BTCUSD
Bitcoin is currently trading within a sideways range in the short term. Prices recently bounced higher from important support levels around $60,800. It is expected that the sideways trend will continue, with a target of $71,400. However, this scenario would be invalidated if the previously mentioned support zone is broken downwards.
|
support |
64000 | 61500 | 59500 | ||
| Resistance | 67000 | 71400 |
– |
||
DOWJONES
Prices have bounced higher from support levels around $37,200, suggesting a potential target of $38,500. However, this scenario would be invalidated if the support zone around $37,800 is broken downwards again.
|
Support |
37800 | 37600 | 37250 | |||
| Resistance | 38300 | 38500 |
38600 |
|||
NASDAQ
Prices have rebounded higher from support levels around $17,000, with the potential target being the resistance zone around $17,450. However, this scenario would be invalidated if the previously mentioned support area is broken downwards.
|
Support |
17000 | 16800 | 16600 | |||
| Resistance | 17200 | 17320 |
17450 |
|||
