DOLLAR INDEX
The US Dollar Index is trading above the support area of 100.50, making it likely that prices will rise in the upcoming trading sessions, targeting the 101.60 area. This scenario would be invalidated if the mentioned support area is broken to the downside.
|
Support |
100.50 | 100.30 | 100 |
| Resistance | 100 | 102.30 |
103 |
EURUSD
The EUR/USD pair is trading around the support level of 1.1155. If this level is broken downward, we may retest the 1.1080 area. This scenario would be invalidated if the price breaks above 1.1200.
|
Support |
1.1155 | 1.112 | 1.1080 |
| Resistance | 1.1200 | 1.1230 |
– |
GBPUSD
The GBP/USD pair is trading below the resistance level of 1.3300. If it breaks above this level, the upward trend in prices may resume. However, it is likely that prices will decline in today’s trading and retest the support areas.
|
Support |
1.3180 | 1.3150 | 1.3090 |
| Resistance | 1.3260 | 1.3280 |
1.3300 |
USDJPY
The USD/JPY pair is trading above the support level of 143.70. If this level is broken downward, the target may be 141. However, it is likely that the aforementioned support level will limit the downward movement in today’s trading, leading to a price rebound upward.
|
Support |
143.70 | 141 | – |
| Resistance | 145.40 | 146.50 |
147.70 |
GOLD
Gold is moving in an upward trend in the medium term, which opens the door for prices to rise and form new highs. However, if prices break the support zone at $2,503 to the downside, we may retest the support zone at $2,477.
|
Support |
2503 | 2490 | 2477 |
| Resistance | 2520 | 2530 |
2560 |
USOIL
Oil is trading above the support level of $75, which suggests that we may target the resistance level of $76.25 again. This scenario would be invalidated if the price breaks below $75.
|
Support |
75 | 73.25 | – |
| Resistance | 76.25 | 77.35 |
78.25 |
BTCUSD
Bitcoin is trading around the support level of $59,500. If this level is broken downward, the target may be $56,000. However, it is likely that this support level will limit the downward momentum in today’s trading.
|
Support |
59500 | 58000 | 56000 |
| Resistance | 61555 | 63750 |
65000 |
DOW JONES
The Dow Jones index is trading below the resistance zone at $41,420, which, if broken to the upside, could lead to the formation of new highs. However, selling pressure is likely to emerge around the aforementioned resistance zone, potentially limiting the pace of the upward movement in today’s trading.
|
Support |
40950 | 40500 | 40000 |
| Resistance | 41300 | 41420 |
– |
NASDAQ
The Nasdaq Index is trading around the support area of 19,500. A break below this level could lead to targeting 19,000. However, it is likely that prices will rebound from this area upwards and retest the resistance area of 19,900.
|
Support |
19500 | 19350 | 19000 |
| Resistance | 19900 | 20200 |
20500 |
