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 broke below the support levels at 1.0670, indicating a potential continuation of the downward trend in the upcoming trading sessions. With the breach of the upward trend line within the range of 1.0620 , we might target 1.0500. However, this scenario would be invalidated if the prices re-enter the zone above 1.0670.
|
Support |
1.0600 | 1.0520 | 1.0490 | |||
| Resistance | 1.0665 | 1.0685 |
1.0750 |
|||
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 |
1.2465 |
||
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 prices broke below the support zone at $2355, reaching the targets at $2300 as expected. It’s likely that this area will limit the downward momentum. However, if $2300 is broken downwards, we may target $2265.
|
Support |
2300 | 2275 | 2265 | |||
| Resistance | 2330 | 2355 |
2400 |
|||
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 | 82.5 | 83.5 |
84.5 |
|||
BTCUSD
Bitcoin is trading sideways in the short term. Prices rebounded from important support levels around $60,800 in recent sessions, reaching minor resistance levels around $67,000. With a breakout above this level, we may target the area around $71,400. However, this scenario would be invalidated if the previously mentioned support zone is broken downwards.
|
support |
64000 | 61500 | 59500 | ||
| Resistance | 67000 | 71400 |
– |
||
DOW JONES
Prices rebounded to reach the target of $38,500, and it is expected that this area will limit the upward movement. However, if this resistance is breached to the upside, we may target $39,000. however, there is a likelihood that prices may retest support areas around $37,800.
|
Support |
38000 | 37800 | 37600 | |||
| Resistance | 38500 | 39000 |
– |
|||
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 | 17320 | 17450 |
– |
|||
