DOLLAR INDEX
Dollar index is moving upward in the short term and is facing resistance around the $106.30 range. If it breaks above this level, our target would be the $107.15 area. However, it is likely to move sideways in today’s trading between the aforementioned resistance area and the minor support zone at $105.30.
|
Support |
105.30 | 104.75 | 104.50 | |||
| Resistance | 106.30 | 106.70 |
107.15 |
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EURUSD
Prices are trading below resistance levels in the range of 1.0740, were selling pressure has emerged in this range. It is likely that the decline will resume targeting 1.0620. However, if the resistance levels mentioned earlier are breached to the upside, we may target 1.0860.
|
Support |
1.0660 | 1.0630 | 1.0600 | |||
| Resistance | 1.0730 | 1.0750 |
1.0850 |
|||
GBPUSD
The GBP/USD pair is currently trading near a resistance area within the range of 1.2530. If it breaks above this level, our target could be 1.2680. However, it is likely to move sideways between the aforementioned resistance area and the support zone at 1.2435.
|
Support |
1.2450 | 1.2425 | 1.2300 | ||
| Resistance | 1.2550 | 1.2580 |
– |
||
USDJPY
The prices are moving upward on the medium-term, but there has been strong selling pressure around the 160 area. This suggests that breaking above this level might not be easy in the upcoming trading sessions. It’s likely that we’ll see volatile sideways movement between 155.50 and 158.50 in the near future.
|
Support |
155.6 | 155 | 154.7 | |||
| Resistance | 158.5 | 159 |
160 |
|||
GOLD
Prices are moving sideways within the range between the resistance zone at $2350 and the support zone at $2300. It’s likely that the prices will continue to move within this range during today’s session.
|
Support |
2330 | 2300 | 2265 | |||
| Resistance | 2345 | 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 |
83 | 82.25 | 81.75 | |||
| Resistance | 84.2 | 84.6 |
85.5 |
|||
BTCUSD
Bitcoin is trading sideways in the short term, as Prices have dropped from minor resistance areas around $67,000, it’s likely that we’ll retest the $60,800 region.
|
support |
61500 | 60300 | 59000 | ||
| Resistance | 64000 | 65200 |
67000 |
||
DOW JONES
The Dow Jones index is trading below the resistance area of $38,500. If it breaks above this level, we may target $39,000. However, it is likely that prices will decline and target $37,800.
|
Support |
38000 | 37600 | 37200 | |||
| Resistance | 38500 | 39000 |
– |
|||
NASDAQ
The Nasdaq index is moving downwards in the short term, with prices expected to retest the $17,000 area again. This scenario would be invalidated by a breakthrough above the resistance zone at $17,850.
|
Support |
17540 | 17180 | 17000 | |||
| Resistance | 17800 | 17850 |
– |
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