فصل 3 Market Analysis Articles June 13th
Market Analysis 13th June 2023
EURUSD
EURUSD moved slightly higher on Monday and able to reach our resistance level as expected. EURUSD currently running at 1.0763 slightly below our resistance level.
At the time of writing, the four-hour Stochastic indicator is consolidating in the middle, the price is still moving above the 20-period moving average. We are expected that EURUSD will move higher and try to reach our resistance levels at 1.0800.
Resistance: 1.0768, 1.0800
Support: 1.0721, 1.0686
GOLD
Gold moves lower on Monday and able to reach our support level as expected. Gold currently is running at $1,959 just above the support level at $1,955.
At the time of writing, the four-hour Stochastic indicator is moving higher in the middle, the price is moving just at the 20-period moving average. We expect that Gold will move slightly higher for today and reach our above resistance level at $1,972.
Resistance: $1,972, $1,982
Support: $1,955, $1,939
GBPUSD
GBPUSD able to move lower on Monday and reach our support level as expected. Currently, GBPUSD is trading at 1.2521.
As of this writing, the four-hour Stochastic indicator is crossing back higher just around the oversold area, the price is moving below the 20-period moving average. We expect GBPUSD to slightly higher to reach our 20-period moving average.
Resistance: 1.2585, 1.2651
Support: 1.2464, 1.2398
SPXUSD
SPXUSD continue to move higher and able to break our resistance level at 4321 as expected. SPXUSD currently is running at 4339.
As of this writing, the four-hour Stochastic indicator is moving higher entering the overbought area, the price is moving above the 20-period moving average. We expect that SPXUSD might moves in narrow range but try to move lower to reach our support level at 4319.
Resistance: 4353, 4392
Support: 4319, 4292
USOUSD
USOUSD (WTI) moves lower and able to break our support levels as expected. Currently USOUSD is trading at 67.49 just above our new support level at 67.17.
As of the time of writing, the four-hour Stochastic indicator is moving just at the edge of the oversold area, the price is now moving below the 20-period moving average. We expect that USOUSD to move slightly lower and try to break below our support levels at 67.17.
Resistance: 69.42, 71.71
Support: 67.17, 64.99
Key events for today:
GBP Claimant Count Change
USD Consumer Price Index m/m
USD Consumer Price Index y/y
USD Core Consumer Price Index m/m
GBP BOE Gov Bailey Speaks
