DOLLAR INDEX
The index rose in previous sessions, reaching the target of 104.75. If this level is breached to the upside, it may signal a continuation of the short-term upward trend for the dollar index. However, if 103.75 is once again broken to the downside, this scenario would be invalidated. Prices are expected to move within a sideways range between these two levels in the upcoming trading sessions.
|
Support |
104.5 | 104 | 103.75 | |||
| Resistance | 104.75 | 105.7 | – | |||
GBPUSD
Prices are currently trading in a sideways range between the resistance zone at 1.2775 and the support zone at 1.2530. It is anticipated that prices will rebound higher from the previously mentioned support zone. However, if the support zone is broken downwards, we might witness a sharp decline in prices.
|
Support |
1.2520 | 1.2420 | 1.2320 | ||
| Resistance | 1.2590 | 1.2640 |
1.2670 |
||
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 $2260, we may target $2225.
|
Support |
2260 | 2225 | 2210 | |||
| Resistance | 2280 | 2300 |
2400 |
|||
USOIL
The price of oil has penetrated resistance levels within the $83 range, approaching the target near $85. It is expected that this area will act as a limiting factor, potentially halting the upward movement.
|
Support |
82.5 | 81.65 | 80.5 | |||
| Resistance | 83.95 | 84.9 |
85.90 |
|||
DOWJONES
The Dow Jones index is trading in a medium-term upward direction. However, prices faced selling pressure in recent sessions near the $40,000 level, leading to a decline that breached the $39,300 support. In this scenario, we might test the $38,500 level.
|
Support |
39000 | 38800 | 38500 | |||
| Resistance | 39300 | 40050 |
40350 |
|||
NASDAQ
The Nasdaq index is trading sideways in the short term. Prices have broken below the $18,170 level, and in this scenario, we may target $17,850. However, if prices re-enter above $18,170, this scenario may be invalidated.
|
Support |
18000 | 17850 | 17450 | |||
| Resistance | 18170 | 18350 |
18500 |
|||
