DOLLAR INDEX
The US Dollar Index (DXY) is moving in a wide sideways range between the support zone at 104 and the resistance zone at 105.55. It is likely that prices will retest the aforementioned resistance zone, and if it breaks above it, we may target 106.35.
|
Support |
104.50 | 104 | 103.60 |
| Resistance | 105.35 | 105.55 |
– |
EURUSD
The EUR/USD pair rebounded from the 1.0740 area in yesterday’s trading, with prices now trading around the support zone at 1.0800. If prices hold above this level, we may target 1.0880. It is likely that prices will move in a sideways range between 1.0850 and 1.0770 in the upcoming trading sessions.
|
Support |
1.0770 | 1.0740 | 1.0720 |
| Resistance | 1.0850 | 1.0880 |
1.0900 |
GBPUSD
The GBP/USD pair rebounded, reaching significant resistance areas within the 1.2855-1.2800 range. It is likely that prices will decline again and retest the support zone at 1.2685.
|
Support |
1.2740 | 1.2700 | 1.2685 |
| Resistance | 1.2800 | 1.2825 |
1.2855 |
USDJPY
Prices are facing a resistance zone in the 157.20 range. If this zone is broken to the upside, prices may target the 158.00 area. This scenario becomes invalid if the secondary support zone at 155.70 is broken to the downside.
|
Support |
155.70 | 155.45 | 154.50 |
| Resistance | 157.45 | 158 |
– |
GOLD
Gold is trading within a narrow range between the resistance level of $2325 and the important support level of $2275. If the support level is broken downwards, we may witness an acceleration in the price decline.
|
Support |
2300 | 2285 | 2265 |
| Resistance | 2325 | 2335 |
– |
USOIL
Oil has broken above the $76 level, and it is likely that prices will move within a sideways range between the resistance zone at $78.50 and the support zone at $76 in the upcoming trading sessions.
|
Support |
76.70 | 76 | 75 |
| Resistance | 78.50 | 79.20 |
– |
BTCUSD
Bitcoin is trading in a sideways range between the resistance zone at $71,950 and the support zone at $66,800. If the support zone is broken to the downside, we may target the $64,600 area. Conversely, if prices rebound to the upside, we might face selling pressure in the $69,500-$70,000 range.
|
Support |
67300 | 66500 | 65000 |
| Resistance | 69200 | 70000 |
71500 |
DOW JONES
The Dow Jones Index is trading below the resistance zone at $39,150. It is likely that prices will continue to move sideways and test the support zone at $38,150. This scenario will be invalidated if the aforementioned resistance zone is broken to the upside.
|
Support |
38600 | 38450 | 38100 |
| Resistance | 39150 | 39450 |
– |
NASDAQ
The Nasdaq index has broken above its main peak, confirming the dominance of buying pressure and opening the way for targeting new highs. However, if prices fail to hold above the $19,275 area, we may retest the support zone at $19,100.
|
Support |
19275 | 19100 | 18875 |
| Resistance | 19650 | 19770 |
19850 |
