{x} | Trading.live

Market Analysis 29th June 2023

EURUSD

EURUSD moves lower on Wednesday and moves below our 20-period moving average. Currently EURUSD running at 1.0908 just above our support level.

At the time of writing, the four-hour Stochastic indicator is moving lower and reach the edge of the oversold level, the price is moving below the 20-period moving average. We are expected that EURUSD will move higher for today and try to reach our 20-period moving average at 1.0926.

Resistance: 1.0982, 1.1034

Support: 1.0892, 1.0803

GOLD

Gold moves lower on Wednesday and reach our support level at $1,903. Gold currently is running at $1,910.

At the time of writing, the four-hour Stochastic indicator is moving higher in the middle, the price is still moving below the 20-period moving average. We expect that Gold will move higher for today and try to reach our new resistance level at $1,913.

Resistance: $1,913, $1,921

Support: $1,903, $1,889

GBPUSD

GBPUSD moves lower on Wednesday and able to break below our support level. Currently, GBPUSD is trading at 1.2640.

As of this writing, the four-hour Stochastic indicator is moving lower at the edge of 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 next resistance level at 1.2697.

Resistance: 1.2697, 1.2773

Support: 1.2618, 1.2545

SPXUSD

SPXUSD moves higher on Wednesday and able to break slightly above our resistance level at 4381. SPXUSD currently is running at 4386.

As of this writing, the four-hour Stochastic indicator is moves higher at the edge of the overbought area, the price is moving above the 20-period moving average. We expect that SPXUSD might moves slightly higher for today and reach our resistance level at 4404.

Resistance: 4404, 4428

Support: 4377, 4349

USOUSD

USOUSD (WTI) moves higher on Wednesday and able to break our resistance levels. Currently USOUSD is running at 69.56.

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

Resistance: 70.06, 70.88

Support: 68.94, 68.08

Key events for Today:

EUR    German Prelim CPI m/m

USD    Fed Chair Powell Speaks

USD    Final GDP q/q

USD    Unemployment Claims