فصل 31 Market Analysis Articles July 25th
Market Analysis 25th July 2023
EURUSD
EURUSD moves lower on Monday and able to break our support level as expected. Currently EURUSD running at 1.1074.
At the time of writing, the four-hour Stochastic indicator is moving lower entering the oversold area, the price is moving below the 20-period moving average. We are expected that EURUSD might move lower for today and try to reach our new support level at 1.1058.
Resistance: 1.1105, 1.1174
Support: 1.1058, 1.1015
GOLD
Gold moved lower on Monday and able to reach near our support levels as expected and keep between our support and resistance levels. Gold currently is running at $1,962.
At the time of writing, the four-hour Stochastic indicator is moving slightly lower 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 Monday and able to reach our support level as expected. Currently, GBPUSD is trading at 1.2838.
As of this writing, the four-hour Stochastic indicator is moving lower near 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 next support level at 1.2824.
Resistance: 1.2901, 1.2970
Support: 1.2824, 1.2752
SPXUSD
SPXUSD moved slightly higher on Monday and reach our resistance level. SPXUSD currently is running at 4553.
As of this writing, the four-hour Stochastic indicator is moving higher near the overbought area, the price is moving above the 20-period moving average. We expect that SPXUSD might moves slightly lower today and reach below our 20-period moving average.
Resistance: 4562, 4586
Support: 4526, 4493
USOUSD
USOUSD (WTI) moves higher on Monday and able to break above our resistance level. Currently USOUSD is running at 78.76.
As of the time of writing, the four-hour Stochastic indicator is moving inside 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 77.18.
Resistance: 78.93, 81.30
Support: 77.18, 74.52
Key Events for Today:
USD CB Consumer Confidence
