فصل 4 Market Analysis Articles June 14th
Market Analysis 14th June 2023
EURUSD
EURUSD moved slightly higher on Tuesday and able to reach our resistance level as expected. EURUSD currently running at 1.0791 slightly below our resistance level.
At the time of writing, the four-hour Stochastic indicator is moving lower in the middle, the price is still moving above the 20-period moving average. We are expected that EURUSD will move lower and try to reach our support level at 1.0767.
Resistance: 1.0800, 1.0825
Support: 1.0767, 1.0737
GOLD
Gold moves lower on Tuesday after trying to reach our resistance level. Gold able to break our support level and currently is running at $1,944.
At the time of writing, the four-hour Stochastic indicator is moving inside the oversold area, the price is moving below at the 20-period moving average. We expect that Gold will move slightly higher for today and reach our resistance level at $1,955.
Resistance: $1,955, $1,972
Support: $1,939, $1,913
GBPUSD
GBPUSD able to move higher on Tuesday as expected and able to break our resistance level. Currently, GBPUSD is trading at 1.2611.
As of this writing, the four-hour Stochastic indicator is moving inside the overbought area, the price is moving above the 20-period moving average. We expect GBPUSD to slightly lower to reach our support level at 1.2578.
Resistance: 1.2651
Support: 1.2578, 1.2527
SPXUSD
SPXUSD continue to move higher and able to break our resistance level at 4353. SPXUSD currently is running at 4366.
As of this writing, the four-hour Stochastic indicator is moving around inside the overbought area, the price is moving above the 20-period moving average. We expect that SPXUSD might moves higher and reach our resistance level at 4392.
Resistance: 4392, 4426
Support: 4355, 4318
USOUSD
USOUSD (WTI) moves higher and able to reach our resistance level at 69.42. Currently USOUSD is trading at 69.23 just below our resistance level.
As of the time of writing, the four-hour Stochastic indicator is moving just below the overbought area, the price is now moving just at the 20-period moving average. We expect that USOUSD to move lower, but still between our support and resistance levels.
Resistance: 69.42, 71.71
Support: 67.17, 64.99
Key events for today:
GBP Gross Domestic Products
USD Core Produce Price Index
USD Produce Price Index
