The Gold Price is currently testing the 1197 key resistance level. In order for the rise to gain more momentum, it needs to go beyond 1197 and stay above that level on a four hourly basis. At this point, the next daily resistance level will be at 1207. Otherwise, we will see the main support le...
The US dollar was down yesterday against all major currencies which its lowest since Aug. 9. U.S.-China trade talks and Federal Reserve minutes are in focus today. In the event that the EURUSD bullish action continues above 1.1570, we will see the daily resistance level of 1.1607. On the other h...
The USDCAD pair showed a downward movement and dropped to the 1.3019 key support level. As long as the price trades above 1.3019 on a four hourly basis, the downward movement may be limited and we will see the daily resistance level at 1.3122 again. On the other hand, if the price breaks down 1.3...
The DAX30 Index moved up and hit the key resistance level of 12361. In order for the bullish action to continue, it needs to go beyond and stay above 12361 on a four hourly basis. At this point, the next resistance level will be placed at 12479. Otherwise, we will see the main support level at 12...
The Crude Oil price is now trading above the key support level of 65.38. As long as the price stays above 65.38, on a four hourly basis, the upward movement may continue and we will see the daily resistance level of 66.19. On the other hand, if the price falls below 65.38, the support level will...
The Gold Price showed an upward movement from the 1177 daily support level yesterday and then reached the 1197 resistance level. In order for the upward movement to gain more momentum, it needs to rise and sustain above 1197 on a four hourly basis. At this point, the next major resistance level c...
The USDJPY pair showed a downward movement and dropped to the 109.90 key support level. However, as long as the price stays above 109.90 on a four hourly basis, the fall may be limited and we will see the resistance level at 110.86 again. On the other hand, if the price breaks down 109.90, the ne...
The GBPUSD pair jumped up from the daily level of 1.2712 yesterday and then hit the 1.2844 resistance level. In order for the bullish action to continue, it needs to go beyond and stay above 1.2844 on a four hourly basis. At this point, the next daily resistance level will be placed at 1.2961. Ot...
The EURUSD pair has extended gains for four days and reached the key resistance level of 1.1531. In order for the rise to gain more momentum, it needs to rise and stay above 1.1531 on a four hourly basis. In this case, the next daily resistance level can be found at 1.1607. Otherwise, we will fol...
Global trade tensions pressed down the yellow metal versus the greenback and hit a fresh 13-month lowest level last week. However, If the Gold price is able to stay above 1177, on a daily basis, we might see an upward movement. At this point, we will watch 1197 as a key resistance level. On the o...
The USDJPY pair moved down and closed last week below 110.86 key resistance level. As long as the price stays below 110.86 on a four hourly basis, the fall may continue and we will see the support level at 109.90 and 109.35. On the other that, if the price moves up above 110.86, the next daily re...
The GBPUSD pair closed last week above the daily level of 1.2712. As long as the price stays above 1.2712, on a daily basis, the Sterling may gain more value versus the greenback. In this case, we will see 1.2844 as a resistance level. Although, if the price pulls back below 1.2712 again, the nex...
The GBPUSD pair closed last week above the daily level of 1.2712. As long as the price stays above 1.2712, on a daily basis, the Sterling may gain more value versus the greenback. In this case, we will see 1.2844 as a resistance level. Although, if the price pulls back below 1.2712 again, the nex...
The EURUSD pair showed an upward reaction after hitting a fresh 13-month lowest level. In order for the upward movement continues, it needs to go beyond 1.1446 and stay above that level on a four hourly basis. At this point, the next key resistance level can be found at 1.1531. Otherwise, we will...
The Brent Oil Price is currently trading above the daily support level of 71.25. As long as the price stay above 71.25, on a daily basis, the upward movement may continue and we will see 72.22 as a resistance level. On the other hand, if the price drops below 71.25, the next support level can be...
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