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Market Analysis 30th June 2023

EURUSD

EURUSD moves lower on Thursday and able to break our support level. Currently EURUSD running at 1.0868.

At the time of writing, the four-hour Stochastic indicator is moving lower and targeting 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 resistance level and 20-period moving average at 1.0918.

Resistance: 1.0918, 1.0962

Support: 1.0865, 1.0811

GOLD

Gold moves lower on Thursday and reach below our support level before goes back higher. Gold currently is running at $1,908.

At the time of writing, the four-hour Stochastic indicator is moving higher near the overbought area, 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, $1,893

GBPUSD

GBPUSD moves lower on Thursday and able to break below our support level. Currently, GBPUSD is trading at 1.2615.

As of this writing, the four-hour Stochastic indicator is moving lower near 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 1.2668.

Resistance: 1.2668, 1.2752

Support: 1.2601, 1.2538

SPXUSD

SPXUSD moves higher on Thursday and moves near our resistance level at 4404. SPXUSD currently is running at 4400.

As of this writing, the four-hour Stochastic indicator is moves higher inside 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 above our resistance level at 4404.

Resistance: 4404, 4428

Support: 4377, 4349

USOUSD

USOUSD (WTI) moves higher on Thursday and able to reach our resistance levels as expected. Currently USOUSD is running at 69.72.

As of the time of writing, the four-hour Stochastic indicator is moving lower in the middle, 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 above our resistance level at 70.06.

Resistance: 70.06, 70.88

Support: 68.94, 68.08

Key events for Today:

CAD    Gross Domestic Product

USD    Core PCE Price Index