فصل 17 Market Analysis Articles April 19
Market Analysis 19th April 2023
EURUSD
EURUSD moves higher on Tuesday and able to break our resistance level at 1.0974 as expected. EURUSD currently running at 1.0981.
At the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought level, and the price is now moving at the 20-period moving average. We are expected a slightly higher EURUSD for today to reach our tighter resistance level at 1.0998.
Resistance: 1.0998, 1.1026
Support: 1.0966, 1.0923
GOLD
Gold was moving in consolidation mode on Tuesday and able to reach our support and resistance levels. Gold currently is being traded at $2,006.
At the time of writing, the four-hour Stochastic indicator is moving lower just below the overbought level. The price is moving at the 20-period moving average. We expect that Gold might continue to move in consolidation mode between our tight support and resistance level for today.
Resistance: $2,010, $2,020
Support: $2,000, $1,990
GBPUSD
GBPUSD moves higher on Tuesday and able to break our resistance level at 1.2404. Currently, GBPUSD is trading at 1.2432.
As of this writing, the four-hour Stochastic indicator is moving lower just outside the overbought level. The price is now moving at the 20-period moving average. We expect GBPUSD to try to continue moving higher for today and try to reach the next resistance level at 1.2467.
Resistance: 1.2467, 1.2502
Support: 1.2401, 1.2355
SPXUSD
SPXUSD still move in consolidation, but SPXUSD able to move higher and reach above our resistance level at 4157 as expected. SPXUSD then move back lower and currently is trading at 4151 just below our resistance level at 4157.
As of this writing, the four-hour Stochastic indicator is moving lower targeting the oversold level, and the price is still moving ABOVE the 20-period moving average. We expect that SPXUSD will move slightly lower and will try to reach our support level at 4136.
Resistance: 4157, 4176
Support: 4136, 4107
USOUSD
USOUSD (WTI) is still moving in consolidation mode between our support and resistance levels. Currently USOUSD is trading at 81.07.
As of the time of writing, the four-hour Stochastic indicator is moving higher just near the overbought level. We expect that USOUSD will still moves in range between our support and resistance levels.
Resistance: 81.58, 83.26
Support: 80.30, 79.35
Key events for today:
GBP Consumer Price Index