فصل 12 Market Analysis Articles April 12
Market Analysis 12th April 2023
EURUSD
EURUSD moves higher and able to break above our resistance level at 1.0890 as expected on Tuesday. EURUSD currently running at 1.0920.
At the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought level, and the price is now moving ABOVE the 20-period moving average. We are expected a stronger EURUSD for today as the US will release their inflation data in CPI and will try to reach our resistance level at 1.0968.
Resistance: 1.0928, 1.0968
Support: 1.0891, 1.0854
GOLD
Gold was moving higher on Tuesday and able to reach our resistance level at $2,005 as expected. Gold is currently being traded at $2,005.
At the time of writing, the four-hour Stochastic indicator is moving higher entering the overbought level. The price is moving ABOVE the 20-period moving average. We expect that Gold might move higher today and try to break above our next resistance level at $2,009.
Resistance: $2,009, $2,026
Support: $1,997, $1,984
GBPUSD
GBPUSD able to moves higher on Tuesday and break our resistance level at 1.2425 as expected. Currently, GBPUSD is trading at 1.2430.
As of this writing, the four-hour Stochastic indicator is moving back higher in the middle. The price is now moving just ABOVE the 20-period moving average. We expect GBPUSD to try to move higher for today and try to reach the next resistance level at 1.2447.
Resistance: 1.2447, 1.2509
Support: 1.2399, 1.2350
SPXUSD
SPXUSD moves slightly higher and reach our resistance level at 4119 but not able to break above it as expected. Currently, SPXUSD is trading at 4112.
As of this writing, the four-hour Stochastic indicator is moving strongly lower targeting in the middle, and the price is still moving ABOVE the 20-period moving average. We expect that SPXUSD will move higher for today and will try to breach our nearest resistance level at 4119.
Resistance: 4119, 4157
Support: 4080, 4040
USOUSD
USOUSD (WTI) is finally breaking our resistance level as expected at 80.96. Still in consolidating mode as currently USOUSD is trading at 81.56.
As of the time of writing, the four-hour Stochastic indicator is moving higher entering the overbought level. The price is now moving ABOVE the 20-period moving average. We expect that USOUSD will moves slightly higher to reach our resistance level at 82.40.
Resistance: 82.40, 83.26
Support: 80.30, 79.58
Key events for today:
USD Consumer Price Index
GBP BOE Gov Bailey Speaks
CAD BOC Monetary Policy Report
CAD BOC Rate Statement
CAD Overnight Rate
CAD BOC Press Conference