DOLLAR INDEX
The dollar index is trading sideways in the short term between the resistance zone at 105.55 and the support zone at 104.75. It’s likely that this sideways movement will continue in the upcoming trading sessions. However, if the previously mentioned support is broken downwards, we may target the area around 104.
|
Support |
104.75 | 104.50 | 104.00 | |||
| Resistance | 105.55 | 105.75 |
106.3 |
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EURUSD
Prices are trading below a secondary resistance zone in the range of 1.0790. It’s likely that prices will move sideways today between the previously mentioned resistance zone and the support zone around 1.0740. However, if the resistance levels at 1.0790 are breached upwards, we may target 1.0860.
|
Support |
1.0740 | 1.0700 | 1.0645 | |||
| Resistance | 1.0790 | 1.0810 |
1.0860 |
|||
GBPUSD
The GBP/USD pair is trading around the 1.2530 level, with a likelihood of targeting the 1.2430 area. This scenario would be invalidated by a re-break above the 1.2530 level.
|
Support |
1.2500 | 1.2470 | 1.2430 | ||
| Resistance | 1.2530 | 1.2560 |
1.2600 |
||
USDJPY
Prices are trading below the resistance area of 156.50. If this resistance is breached, we may target the 158.00 area. However, it’s likely that the aforementioned resistance zone will limit the upward momentum, leading to a retest of 154.70.
|
Support |
155.4 | 155.15 | 154.60 | |||
| Resistance | 155.9 | 156.50 |
158 |
|||
GOLD
Prices are trading above the support area of $2345, where it’s likely to retest the $2380 area. If it breaks above, we may target $2400. However, this scenario would be invalidated if the support area of $2345 is broken to the downside.
|
Support |
2352 | 2345 | 2330 | |||
| Resistance | 2380 | 2400 |
2430 |
|||
USOIL
Price of oil is trading above the support level of $77.50, and it’s likely to break below that level and target $76. However, if the prices rebound higher, we may target $78.50.
|
Support |
77.5 | 76.5 | 75.8 | |||
| Resistance | 78.5 | 79.5 |
80 |
|||
BTCUSD
Bitcoin is currently trading around the support area of $61,000. In case it breaks below this level, we may target $56,500. However, it’s likely that the prices will move sideways between the mentioned support area and the resistance zone of $64,000.
|
Support |
60800 | 60000 | 59000 | ||
| Resistance | 63500 | 64150 |
64800 |
||
DOW JONES
Dow Jones index is currently trading above the support zone of $39,450. Consequently, prices may target the area of $40,000. However, this scenario would be invalidated if the support level mentioned earlier is broken downwards.
|
Support |
39450 | 39000 | 38800 | |||
| Resistance | 39780 | 40000 | – | |||
NASDAQ
The Nasdaq index is trading around the resistance zone of $18,190. If it remains above this area, we may target $18,400. However, it is likely that we could revisit the support zone around $17,900.
|
Support |
18000 | 17900 | 17650 | |||
| Resistance | 18250 | 18400 |
– |
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