DOLLAR INDEX
The Dollar Index is trading around the 104 area, and if prices remain above this level, we may target the 105 area. This scenario is invalidated by breaking below the secondary support area of 103.85.
|
Support |
103.85 | 103.60 | 103 |
| Resistance | 104.30 | 104.85 |
105 |
EURUSD
The EUR/USD pair is trading below the resistance zone at 1.0880, which, if breached to the upside, could target 1.0910. However, it is likely that prices will move sideways in today’s trading between the support zone at 1.0825 and the aforementioned resistance zone.
|
Support |
1.0850 | 1.0825 | 1.0800 |
| Resistance | 1.0880 | 1.0910 |
1.0940 |
GBPUSD
The GBP/USD pair has bounced off the support zone at 1.2860 to the upside, and it is likely that prices will move sideways in today’s trading between the resistance zone at 1.2915 and the aforementioned support zone.
|
Support |
1.2860 | 1.2840 | 1.2800 |
| Resistance | 1.2915 | 1.2940 |
1.3010 |
USDJPY
The USD/JPY pair has declined from the resistance zone at 154.40, which, if breached to the upside, could target 155.70. However, it is likely that prices will drop again and retest the support zone at 151.50.
|
Support |
152.5 | 151.50 | 151 |
| Resistance | 154.40 | 155.70 |
157.40 |
GOLD
Gold has bounced off the support zone at $2350 in previous trading, rising until it broke through the $2392 level. If the minor resistance at $2405 is breached to the upside, it could target $2418. However, it is likely that prices will move sideways in today’s trading between the minor support zones at $2375 and the $2405 level.
|
Support |
2392 | 2375 | 2350 |
| Resistance | 2405 | 2418 |
2440 |
USOIL
Oil has bounced up after testing the support zone at $75.50, and it is likely to resume its upward movement targeting the resistance zone at $78.25. This scenario would be invalidated if the aforementioned support zone is broken to the downside.
|
Support |
76 | 75.50 | 75 |
| Resistance | 77.65 | 78.25 |
79.45 |
BTCUSD
Bitcoin is trading below the resistance zone at $70,100, and if it breaks above this level, it could target the $71,800 zone. However, it is likely that the aforementioned resistance zone will limit the upward momentum in today’s trading.
|
Support |
67000 | 66000 | 63800 |
| Resistance | 70100 | 71800 |
72200 |
DOW JONES
The Dow Jones index has risen to the resistance zone around $40,950, which, if breached to the upside, could target $41,450. However, it is likely that the aforementioned resistance zone will limit the upward momentum in today’s trading.
|
Support |
40550 | 40350 | 39800 |
| Resistance | 40950 | 41080 |
41450 |
NASDAQ
The Nasdaq index is trading below the resistance zone at $19,235, which, if breached to the upside, could target the $19,500 zone. However, it is likely that prices will move sideways in today’s trading between the aforementioned resistance zone and the minor support zone at $18,740.
|
Support |
18740 | 18500 | 18100 |
| Resistance | 19235 | 19500 |
19800 |
