فصل 44 Market Analysis Articles May 31st
Market Analysis 31st May 2023
EURUSD
EURUSD moving higher on Tuesday after reaching our support level. EURUSD currently running at 1.0734.
At the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought area, the price is now moving just above the 20-period moving average. We are expected that EURUSD will move slightly higher to try reaching our resistance level at 1.0766.
Resistance: 1.0766, 1.0801
Support: 1.0702, 1.0671
GOLD
Gold moves higher on Tuesday and able to break above our previous resistance level at $1,954. Gold currently is running at $1,959.
At the time of writing, the four-hour Stochastic indicator is moving inside the overbought area, the price is moving ABOVE the 20-period moving average. We expect that Gold will move slightly lower for today and reach our new support level at $1,951.
Resistance: $1,963, $1,975
Support: $1,951, $1,939
GBPUSD
GBPUSD able to moves higher on Tuesday and break above our resistance level as expected. Currently, GBPUSD is trading at 1.2418.
As of this writing, the four-hour Stochastic indicator is moving slowly higher targeting the overbought area, the price is moving ABOVE the 20-period moving average. We expect GBPUSD to move slightly higher and try to reach our next resistance level at 1.2443.
Resistance: 1.2443, 1.2492
Support: 1.2391, 1.2334
SPXUSD
SPXUSD moving lower on Tuesday and able to break our support level at 4206. SPXUSD currently is running at 4205.
As of this writing, the four-hour Stochastic indicator is moving lower in the middle, and the price now moving just above the 20-period moving average. We expect that SPXUSD might moves back higher for today and try to reach our new resistance level at 4237.
Resistance: 4237, 4271
Support: 4193, 4153
USOUSD
USOUSD (WTI) moves lower on Tuesday and break our support level at 70.40. Currently USOUSD is trading at 69.62.
As of the time of writing, the four-hour Stochastic indicator is entering the oversold level, the price is moving BELOW the 20-period moving average. We expect that USOUSD to move lower and try to reach our new support level at 68.39.
Resistance: 70.93, 72.24
Support: 68.39, 67.25
Key Events for Today,
AUD Consumer Price Index
EUR German Prelim CPI
CAD Gross Domestic Product
USD JOLTS Job Openings
