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Market Analysis 23rd June 2023

EURUSD

EURUSD moves lower on Thursday and able to move near our 20-period moving average. EURUSD currently running at 1.0953.

At the time of writing, the four-hour Stochastic indicator is moving inside the oversold area, the price is moving just above the 20-period moving average. We are expected that EURUSD will move higher for today and try to reach back to our resistance level at 1.0982.

Resistance: 1.0982, 1.1034

Support: 1.0892, 1.0803

GOLD

Gold moves lower on Thursday and able to break our support levels. Gold currently is running at $1,915.

At the time of writing, the four-hour Stochastic indicator is moving inside the oversold area, the price is moving below the 20-period moving average. We expect that Gold will move higher for today and try to reach above our resistance level at $1,925.

Resistance: $1,925, $1,939

Support: $1,912, $1,895

GBPUSD

GBPUSD moves in high volatility on Thursday but able to keep between our support and resistance levels. Currently, GBPUSD is trading at 1.2742.

As of this writing, the four-hour Stochastic indicator is moving lower targeting the oversold area, the price is moving below the 20-period moving average. We expect GBPUSD to slightly higher for today and try to reach above our 20-period moving average at 1.2770.

Resistance: 1.2801, 1.2850

Support: 1.2721, 1.2670

SPXUSD

SPXUSD moves lower on Thursday and able to break our support level. SPXUSD currently is running at 4378.

As of this writing, the four-hour Stochastic indicator is moves strongly higher and targeting the overbought area, the price is now moving just at the 20-period moving average. We expect that SPXUSD might moves slightly higher for today and reach our resistance level at 4392.

Resistance: 4392, 4415

Support: 4370, 4355

USOUSD

USOUSD (WTI) moves lower on Thursday and able to break our support level. Currently USOUSD is running at 69.48.

As of the time of writing, the four-hour Stochastic indicator is moving inside the oversold area, the price is now moving below the 20-period moving average. We expect that USOUSD to move slightly higher for today and try to reach our resistance level at 70.06.

Resistance: 70.06, 71.12

Support: 69.14, 68.26

Key Events for Today:

EUR    French Flash Manufacturing PMI

EUR    French Flash Services PMI

EUR    German Flash Manufacturing PMI

EUR    German Flash Services PMI

GBP    Flash Manufacturing PMI

GBP    Flash Services PMI

USD    Flash Manufacturing PMI

USD    Flash Services PMI