章节 13 Market Analysis Articles April 13
Market Analysis 13th April 2023
EURUSD
EURUSD moves higher and able to break above our resistance level at 1.0968 as expected on Wednesday. EURUSD currently running at 1.0996.
At the time of writing, the four-hour Stochastic indicator is moving higher inside the overbought level, and the price is now moving ABOVE the 20-period moving average. We are expected another stronger EURUSD for today as the US will release another inflation data in PPI and will try to reach our resistance level at 1.1026.
Resistance: 1.1026, 1.1052
Support: 1.0962, 1.0921
GOLD
Gold was moving higher on Wednesday and able to break our 1 resistance at $2,009 a expected and reach as high as our resistance level at $2,026. Gold is currently being traded at $2,015.st
At the time of writing, the four-hour Stochastic indicator is crossing back higher in the middle. 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 $2,026.
Resistance: $2,026, $2,039
Support: $2,010, $1,997
GBPUSD
GBPUSD able to moves higher on Wednesday and break our resistance level at 1.2447 as expected. Currently, GBPUSD is trading at 1.2486.
As of this writing, the four-hour Stochastic indicator is entering to the overbought level. The price is now moving ABOVE 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 1.2509.
Resistance: 1.2509, 1.2570
Support: 1.2457, 1.2399
SPXUSD
SPXUSD able to move higher on the early session and reach our resistance level at 4119 as expected, but not able to break above it and goes back lower on the end of Wednesday session. Currently, SPXUSD is trading at 4088 just above our support level.
As of this writing, the four-hour Stochastic indicator is moving strongly lower targeting in the oversold level, and the price is now moving BELOW the 20-period moving average. We expect that SPXUSD will move lower for today and will try to break our nearest support level at 4080.
Resistance: 4119, 4157
Support: 4080, 4040
USOUSD
USOUSD (WTI) is continuing to move higher on Wednesday and break our 1 resistance level at 82.40 and able to reach our next resistance level at 83.26. Currently USOUSD is trading at 83.00. st
As of the time of writing, the four-hour Stochastic indicator is moving inside the overbought level. The price is moving ABOVE the 20-period moving average. We expect that USOUSD will moves slightly higher to try break above our resistance level at 83.26.
Resistance: 83.26, 84.45
Support: 81.53, 80.30
Key events for today:
AUD Employment Change
AUD Unemployment Rate
GBP Gross Domestic Product
USD Core Producer Price Index
USD Producer Price Index
USD Unemployment Claims
CAD BOC Gov Macklem Speaks