DOLLAR INDEX
The index rebounded near the support zone at 104 – 103.75, as expected, and broke above the previous resistance zone at 104.75. With this, the dollar index has regained its short-term bullish momentum, allowing it to target the area around 105.70. However, this scenario would be invalidated if the newly formed support zone at 104.75 is breached to the downside.
|
Support |
104.75 | 104.50 | 104.05 | |||
| Resistance | 105.70 | – | – | |||
EURUSD
Prices declined from the resistance zone in the range of 1.0860-1.0880 to reach 1.0730, as anticipated. It is likely that this zone will limit the downward momentum.
|
Support |
1.0730 | 1.0690 | – | |||
| Resistance | 1.0800 | 1.0860 |
1.0880 |
|||
GBPUSD
Prices are trading in a short-term sideways trend between the resistance zone at 1.2775 and the support zone at 1.2530. In the event of a breakdown below the support zone, we may witness a sharp decline in prices. However, it is expected that prices will rebound from these levels and continue the sideways trend.
|
Support |
1.2535 | 1.2510 | – | ||
| Resistance | 1.2610 | 1.2680 |
1.2710 |
||
USDJPY
Prices have broken through important resistance levels in the range of 152, opening the way for achieving new highs.
|
Support |
152 | 151.50 | 151.20 | |||
| Resistance | 153 | 153.80 |
154.20 |
|||
GOLD
The gold market has recently reached new historical highs in previous trading sessions, confirming its medium-term upward trend. This suggests potential for prices to target new higher levels. However, in the event of a breakdown below the support zone at $2330, we may target $2300.
|
Support |
2330 | 2300 | – | |||
| Resistance | 2365 | 2400 | – | |||
DOW JONES
The Dow Jones index has broken below the support zone at $38,500, potentially testing the area around $38,050. This scenario could be invalidated if there is a re-establishment of prices above $38,500 once again.
|
Support |
38300 | 38000 | – | |||
| Resistance | 38500 | 39300 |
39500 |
|||
NASDAQ
The NASDAQ index is trading sideways in the short term, between the resistance zone at $18,400 and the support zone at $17,850. If the support zone is broken downwards, we may test $17,450. However, there is a likelihood of prices rebounding upwards from the previously mentioned support zone.
|
Support |
17850 | 17450 | – | |||
| Resistance | 18190 | 18290 |
18400 |
|||
