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Daily Technical Report 9-5-2024

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EURUSD

EURUSD

Prices are trading around a support zone within the range of 1.0730. It is likely that prices will move sideways in today’s trading session  between the aforementioned support area and the minor resistance zone within the range of 1.0760.

Support

1.0730 1.0700 1.0645
Resistance 1.0755 1.0785

1.0800

USDJPY

USDJPY

Prices are trading below the resistance zone of 156. If this resistance is breached, we may target the area around 158.00. However, it is likely that the 156 level will limit the upward momentum.

Support

154.7 154 152.8
Resistance 155.8 156.25

USOIL

USOIL

Price of oil rebounded from support near $76. In this case, we may target $80.50. However, this scenario would be invalidated if $77.50 is broken downwards again.

Support

77.8 77.5 76.5
Resistance 79.4 80

80.5

BTCUSD

BTCUSD

Bitcoin is testing the support zone at $61,000, and if it breaks downwards, we may target $56,500. However, this scenario would be invalidated if $64,600 is breached to the upside.

Support

61500 60000 59000
Resistance 64800 65200

67300

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