The Crude Oil Price has dropped for two weeks and then hit the support level of 61.89 last Friday. In order for the bearish action to continue, it needs to break down to 61.89. At this point, the next daily support level will be at 61.22. Otherwise, we will watch resistance levels at 62.72 and 63...
The GOLD price moved up from the 1319 support level after US Jobs Report and then the yellow metal price closed last week above 1330. As long as the price stays above 1330 on a four hourly basis, the rise may continue and the resistance level can be found at 1352. Although, if the price drops bel...
The GBPUSD pair jumped up from the 1.3999 support level last Friday. In order for the rise to continue, it needs to move up above the 1.4130 resistance level. At this point, we will face 1.4270 as the next resistance level. Otherwise, we will see again support level at 1.3999. Support: ...
The EURUSD pair found buyers from the 1.2232 key support level after NFP. In this week, we will focus on the daily resistance level of 1.2314. As long as the price sustains below that level on a daily basis, the rise may be limited. In this case, we will see 1.2232 and 1.2171 as support levels ag...
The Gold price showed a bearish action and dropped the key support level of 1319. If the price breaks down and stays below 1319 on a four hourly basis, the bearish action may continue and we will face daily support level of 1307. Although, if the price rises above 1319, the next resistance level...
The USDJPY pair has moved up since at the beginning of this week and the price is trading below the resistance level of 107.65. In order for the upward movement to gain more momentum, it needs to go beyond 107.65. In this case, the next resistance level will be at 108.78. Otherwise, if the price...
The GBPUSD pair is trading just below the 1.3999 key level. As long as the price stays below 1.3999, on a four hourly basis, the downward movement may continue and we will see daily support level of 1.3880. On the other hand, if the price goes above 1.3999, the next resistance level will be at 1....
The GBPUSD pair is trading just below the 1.3999 key level. As long as the price stays below 1.3999, on a four hourly basis, the downward movement may continue and we will see daily support level of 1.3880. On the other hand, if the price goes above 1.3999, the next resistance level will be at 1....
The EURUSD pair dropped to the 1.2232 key support level. In order for the downward movement to gain more momentum, it needs to break down 1.2232 and stay below that level on a four hourly basis. At this point, the next support levels will be at 1.2171 and 1.2052. Otherwise, if the price rises abo...
The USDCHF pair has moved up for four days and it is trading just above the 0.9600 key support level. As long as the price stays above 0.9600 on a four hourly basis, the rise may continue and we will see 0.9632 and 0.9660 as resistance levels. Although, if the price drops below 0.9600, the next...
The EURUSD pair found sellers from the 1.2314 daily resistance level yesterday and the pulled back. If the currency continues to drop, we will see support level at 1.2232. On the other hand, if the price moves up, we will face the major resistance level of 1.2314 again. Support:
The USDJPY pair is showing a bullish action. In the event that the rise continues, we will watch 107.65 as a resistance level. On the other hand, if the price falls, we will follow the daily support level of 106.46. However, as long as the pair sustains above 106.46, on a daily basis, the fall ma...
The USDCAD pair showed a downward movement last two days and dropped to the daily support level of 1.2754. As long as the price stays above 1.2754 on a daily basis, the fall may be limited and we will follow again 1.2852 as a resistance level. On the other hand, if the price drops below 1.2754, t...
The GOLD price gave up all of yesterday gainings and dropped below the 1330 key level. If the price stays below 1330 on a four hourly basis, the bearish action may continue and we will face support levels at 1319 and 1307. On the other hand, if the price goes beyond 1330, the next resistance leve...
The US Crude Oil Inventories will be published today. The Crude Oil Prices is currently trading below the 63.54 daily resistance level. As long as the price stays below 63.54 on a daily basis, we might see a downward movement. In this case, we will follow support levels at 62.72 and 61.89. On the...
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