فصل 20 Market Analysis Articles July 7th
Market Analysis 7th July 2023
EURUSD
EURUSD moves higher on Thursday and try to reach our resistance level. Currently EURUSD running at 1.0892.
At the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought level, the price is moving above the 20-period moving average. We are expected that EURUSD will continue to move higher for today and break our resistance level at 1.0940.
Resistance: 1.0902, 1.0940
Support: 1.0843, 1.0811
GOLD
Gold moves lower on Thursday as expected and able to reach our support levels. Gold currently is running at $1,912.
At the time of writing, the four-hour Stochastic indicator is moving in the middle, the price is moving below the 20-period moving average. We expect that Gold will moves higher for today and try to reach our resistance level at $1,923.
Resistance: $1,923, $1,933
Support: $1,911, $1,903
GBPUSD
GBPUSD moves in high volatility on Thursday and able to reach our resistance levels before goes back lower to reach our support level as expected but then moves back higher. Currently, GBPUSD is trading at 1.2743 just below our resistance level.
As of this writing, the four-hour Stochastic indicator is moving lower just below the oversold area, the price is moving above the 20-period moving average. We expect GBPUSD to move higher for today and try to reach our next resistance level at 1.2804.
Resistance: 1.2752, 1.2804
Support: 1.2685, 1.2626
SPXUSD
SPXUSD moves lower on Thursday and able to reach below our support level. SPXUSD currently is running at 4410.
As of this writing, the four-hour Stochastic indicator moves higher in the middle, the price is moving below the 20-period moving average. We expect that SPXUSD might moves slightly lower for today and reach our support level at 4389.
Resistance: 4456, 4513
Support: 4415, 4366
USOUSD
USOUSD (WTI) moves lower on Thursday as expected and able to reach below our support level before goes back higher. Currently USOUSD is running at 71.79.
As of the time of writing, the four-hour Stochastic indicator is moving back higher just below the overbought area, the price is moving above the 20-period moving average. We expect that USOUSD to move lower for today and try to reach our support level at 71.57.
Resistance: 72.57, 73.42
Support: 71.57, 70.87
Key Events for Today:
CAD Employment Change
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
