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Market Analysis 14th August 2023

EURUSD

EURUSD moves slightly lower on Friday but still moves between our support and resistance levels. Currently EURUSD running at 1.0946.

At the time of writing, the four-hour Stochastic indicator is moving lower entering the oversold area, 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 below our support level at 1.0918.

Resistance: 1.1046, 1.1140

Support: 1.0918, 1.0834

GOLD

Gold moves flat on Friday and keep between our support and resistance levels. Gold currently is running at $1,913.

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 $1,917.

Resistance: $1,923, $1,931

Support: $1,910, $1,902

GBPUSD

GBPUSD moves slightly higher but still between our support and resistance levels. Currently, GBPUSD is trading at 1.2697.

As of this writing, the four-hour Stochastic indicator is moving lower in the middle with no clear direction, 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 lower on Friday and able to reach above our support level as expected. SPXUSD currently is running at 4467. SPXUSD

As of this writing, the four-hour Stochastic indicator is moving higher in the middle, the price is moving below the 20-period moving average. We expect that SPXUSD might moves higher today and reach our 20-period moving average at 4480.

Resistance: 4497, 4531

Support: 4456, 4428

USOUSD

USOUSD (WTI) moves slightly higher on Friday but still between our support and resistance levels. Currently USOUSD is running at 82.54.

As of the time of writing, the four-hour Stochastic indicator is moving higher targeting the overbought area, the price is now moving around 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