فصل 29 Market Analysis Articles July 21th
Market Analysis 21st July 2023
EURUSD
EURUSD moves lower as expected and able to break our support level. Currently EURUSD running at 1.1137.
At the time of writing, the four-hour Stochastic indicator is moving inside the oversold area, the price is now moving below the 20-period moving average. We are expected that EURUSD might move lower for today and try to reach our support level at 1.1086.
Resistance: 1.1173, 1.1271
Support: 1.1086, 1.1015
GOLD
Gold able to reach above our resistance level as expected but then moves back lower near our support level. Gold currently is running at $1,972.
At the time of writing, the four-hour Stochastic indicator is moving lower targeting the oversold area, the price is moving just at the 20-period moving average. We expect that Gold will moves lower and reach our support level at $1,963.
Resistance: $1,982, $2,005
Support: $1,963, $1,938
GBPUSD
GBPUSD moves lower on Thursday and able to break our support level. Currently, GBPUSD is trading at 1.2972.
As of this writing, the four-hour Stochastic indicator is moving higher at the edge of the oversold area, the price is moving below the 20-period moving average. We expect GBPUSD to move slightly lower for today and reach below our support level at 1.2845.
Resistance: 1.2970, 1.3064
Support: 1.2845, 1.2776
SPXUSD
SPXUSD moved lower on Thursday and able to reach above our support level. SPXUSD currently is running at 4534.
As of this writing, the four-hour Stochastic indicator is moving lower targeting the oversold area, the price is moving below the 20-period moving average. We expect that SPXUSD might moves slightly higher today and reach above our 20-period moving average.
Resistance: 4562, 4586
Support: 4526, 4493
USOUSD
USOUSD (WTI) moves higher on Thursday as expected and reach our resistance level. Currently USOUSD is running at 75.82.
As of the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought area, the price is still 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 75.95.
Resistance: 75.95, 77.14
Support: 74.98, 73.78
