فصل 23 Market Analysis Articles July 12th
Market Analysis 12th July 2023
EURUSD
EURUSD moves higher on Tuesday as expected and moving near our resistance level. Currently EURUSD running at 1.1026.
At the time of writing, the four-hour Stochastic indicator is crossing back higher in the middle, the price is moving above the 20-period moving average. We are expected that EURUSD might higher for today and try to reach above our next resistance level at 1.1033.
Resistance: 1.1033, 1.1057
Support: 1.1002, 1.0965
GOLD
Gold moves able to moves higher on Tuesday and break our resistance level as expected. Gold currently is running at $1,938.
At the time of writing, the four-hour Stochastic indicator is crossing back higher in the middle, the price is moving above the 20-period moving average. We expect that Gold will moves higher and able to reach above our resistance level at $1,940.
Resistance: $1,940, $1,947
Support: $1,932, $1,922
GBPUSD
GBPUSD moves higher on Tuesday and able to break above our resistance level as expected. Currently, GBPUSD is trading at 1.2956.
As of this writing, the four-hour Stochastic indicator is moving back inside the overbought area, the price is moving above the 20-period moving average. We expect GBPUSD to move higher for today and reach our resistance level at 1.2998.
Resistance: 1.2998, 1.3085
Support: 1.2912, 1.2852
SPXUSD
SPXUSD moves higher on Tuesday and able to break above our resistance level as expected. SPXUSD currently is running at 4438 just below our next resistance level.
As of this writing, the four-hour Stochastic indicator is moving flat inside the overbought area, the price is moving above the 20-period moving average. We expect that SPXUSD might moves slightly lower today and reach back to our support level at 4417.
Resistance: 4439, 4455
Support: 4417, 4394
USOUSD
USOUSD (WTI) able to moves higher on Tuesday and break our resistance level. Currently USOUSD is running at 74.97.
As of the time of 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 USOUSD to move slightly higher for today and try to reach above our resistance level at 75.12.
Resistance: 75.12, 76.70
Support: 73.78, 72.66
Key events for today:
NZD Official Cash Rate
NZD RBNZ Rate Statement
AUD RBA Gov Lowe Speaks
GBP BOE Gov Bailey Speaks
USD CPI m/m
USD CPI y/y
USD Core CPI m/m
CAD BOC Monetary Policy Report
CAD BOC Rate Statement
CAD Overnight Rate
CAD BOC Press Conference
