DOLLAR INDEX
The Dollar Index is trading around the 104.75 region. If it remains stable above this level, it will pave the way to target the resistance area at 105.55. This scenario will be invalidated by a break below the secondary support region at 104.40.
|
Support |
104.40 | 104.00 | 103.60 |
| Resistance | 105.05 | 105.55 |
106.3 |
EURUSD
The EUR/USD pair rebounded upwards from a support area within the 1.0800 range, reaching secondary resistance levels in the 1.0850 range. Prices are expected to decline and target the aforementioned support areas in upcoming trades. This scenario will be invalidated if the primary resistance area at 1.0880 is breached again.
|
Support |
1.0810 | 1.0765 | 1.0740 |
| Resistance | 1.0850 | 1.0890 |
1.0960 |
GBPUSD
Prices are trading sideways between the resistance area at 1.2745 and the support area at 1.2685. It is expected that the support area mentioned will be retested in today’s trades. This scenario will be invalidated if the 1.2745 area is breached to the upside.
|
Support |
1.2690 | 1.2625 | 1.2580 |
| Resistance | 1.2745 | 1.2790 |
1.2825 |
USDJPY
The prices have breached the resistance area in the 156.50 range to the upside, potentially targeting the 158 area. This scenario will be invalidated if the 156.50 level is broken downwards again.
|
Support |
156.75 | 157.75 | 158 |
| Resistance | 157.25 | 158 |
158.40 |
GOLD
Gold is trading above the support area of $2325. If this level is broken to the downside, the target could be the $2275 area. However, if the secondary resistance area at $2350 is breached, the target could be $2370.
|
Support |
2325 | 2305 | 2275 |
| Resistance | 2350 | 2370 |
2400 |
USOIL
Oil rebounded from near the support areas around $76 in previous trades, and it is likely to target the secondary resistance area at $78.50.
|
Support |
76.80 | 76.50 | 76.15 |
| Resistance | 78.50 | 79.50 |
80.5 |
BTCUSD
Bitcoin has declined in previous trades, reaching the important support area at $66,800. If this level is broken to the downside, the target could be $64,600. However, it is more likely that prices will move sideways between the mentioned support area and the resistance area at $71,400.
|
Support |
66800 | 64600 | 61000 |
| Resistance | 71400 | 74000 |
– |
DOW JONES
The Dow Jones Index has declined from near the resistance area at $40,000, which represents the previous main peak, to the $39,000 area, which serves as a support level. If this support level is broken to the downside, the target could be the $38,500 area. However, it is more likely that prices will move sideways between the $39,000 support area and the $39,450 resistance area.
|
Support |
39000 | 38770 | 38500 |
| Resistance | 39450 | 39650 |
40000 |
NASDAQ
The Nasdaq Index has broken through its previous main peak at 18,400 in recent trades, confirming its upward trend in the medium term. The index has rebounded from support areas within the 18,550 range. It is likely that prices will move sideways between the support area at 18,550 and the resistance area at 18,950.
|
Support |
18585 | 18400 | 18360 |
| Resistance | 18870 | 18950 |
– |
