فصل 30 Market Analysis Articles July 24th
Market Analysis 24th July 2023
EURUSD
EURUSD moves flat on Friday after a few days of moving lower. Currently EURUSD running at 1.1128.
At the time of writing, the four-hour Stochastic indicator is moving higher in the middle, 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: 1.1174, 1.1245
Support: 1.1086, 1.1015
GOLD
Gold moved lower on Friday and able to reach below our support levels as expected. Gold currently is running at $1,961.
At the time of writing, the four-hour Stochastic indicator is moving slightly higher just above the oversold area, the price is moving below the 20-period moving average. We expect that Gold will moves lower and reach our next support level at $1,951.
Resistance: $1,968, $1,978
Support: $1,951, $1,938
GBPUSD
GBPUSD moves lower on Friday and able to reach our support level as expected. Currently, GBPUSD is trading at 1.2862.
As of this writing, the four-hour Stochastic indicator is moving higher in the middle, the price is moving below the 20-period moving average. We expect GBPUSD to move slightly lower for today and reach below our next support level at 1.2835.
Resistance: 1.2901, 1.2970
Support: 1.2835, 1.2752
SPXUSD
SPXUSD moved flat on Friday just above our support level at 4526. SPXUSD currently is running at 4533.
As of this writing, the four-hour Stochastic indicator is moving lower entering the oversold area, the price is moving below the 20-period moving average. We expect that SPXUSD might moves slightly lower today and reach below our support level at 4526.
Resistance: 4562, 4586
Support: 4526, 4493
USOUSD
USOUSD (WTI) moves higher on Friday as expected and able to break above our resistance level. Currently USOUSD is running at 76.63.
As of the time of writing, the four-hour Stochastic indicator is moving lower exiting the overbought area, the price is still moving above the 20-period moving average. We expect that USOUSD to move slightly lower for today and try to reach our support level at 75.94.
Resistance: 77.14, 78.93
Support: 75.94, 74.52
Key Events for Today:
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USD Flash Manufacturing PMI
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