فصل 46 Market Analysis Articles August 15th
Market Analysis 15th August 2023
EURUSD
EURUSD moves slightly lower on Monday and able to break our support level as expected. Currently EURUSD running at 1.0907.
At the time of writing, the four-hour Stochastic indicator is moving 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 1.0874.
Resistance: 1.0941, 1.1046
Support: 1.0874, 1.0813
GOLD
Gold moves lower on Monday and able to move below our support level. Gold currently is running at $1,907.
At the time of writing, the four-hour Stochastic indicator is moving in the middle with no clear direction, the price is moving below the 20-period moving average. We expect that Gold will moves higher and reach our 20-period moving average at $1,913.
Resistance: $1,912, $1,923
Support: $1,902, $1,892
GBPUSD
GBPUSD moves flat but still between our support and resistance levels. Currently, GBPUSD is trading at 1.2685.
As of this writing, the four-hour Stochastic indicator is moving higher targeting the overbought area, the price is moving below the 20-period moving average. We expect GBPUSD to move lower and reach our support level at 1.2646.
Resistance: 1.2706, 1.2785
Support: 1.2646, 1.2593
moves higher on Monday as expected and able to reach above our resistance level. SPXUSD currently is running at 4494. SPXUSD
As of this 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 SPXUSD might moves higher today and reach above our resistance level at 4497.
Resistance: 4497, 4531
Support: 4456, 4428
USOUSD
USOUSD (WTI) moves slightly higher on Monday but still between our support and resistance levels. Currently USOUSD is running at 81.85.
As of the time of writing, the four-hour Stochastic indicator is moving in the middle with no clear direction, the price is now moving below the 20-period moving average. We expect that USOUSD to move slightly lower for today and try to reach our support level at 80.73.
Resistance: 84.03, 85.82
Support: 80.73, 78.52
Key events for today:
AUD Monetary Policy Meeting Minutes
AUD Wage Price Index q/q
GBP Claimant Count Change
CAD CPI m/m
USD Empire State Manufacturing Index
USD Retail Sales m/m
