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Daily Technical Report 14-5-2024

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EURUSD

EURUSD

Prices are trading below a minor resistance zone around the 1.0790 range, where it is likely that prices will drop to the 1.0760 levels, and then rise again, breaking the aforementioned secondary resistance zone and targeting the 1.0860 area.

Support

1.0760 1.0720 1.0670
Resistance 1.0790 1.0810

1.0860

GBPUSD

GBPUSD

Prices are trading above the 1.2530 support zone, where it is likely to target the 1.2625 area. This scenario will be invalidated if the aforementioned support zone is broken to the downside.

Support

1.2525 1.2500 1.2470
Resistance 1.2570 1.2595

1.2625

GOLD

GOLD

Gold is  trading around the $2345 range, where it is likely that prices will retest the support area at $2325, If this level is broken to the downside, we may target $2275.

Support

2330 2300 2275
Resistance 2380 2400

2430

USOIL

USOIL

Oil has rebounded from support levels around $77.50 and reached targets of $78.5. If prices remain stable above this level, we may target $79.50. However, it is likely that we will retest the $77.50 area once  again.

Support

77.5 76.5 75.8
Resistance 79.5 80

80.5

BTCUSDBTCUSD

Bitcoin has bounced back from the support area at $61,000. It is likely that prices will move sideways between this support area and the resistance area at $64,000. However, if the support area is broken to the downside, we could target $56,500.

Support

61500 60800 59000
Resistance 63500 64150

64800

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