章節 36 Market Analysis Articles May 19th
Market Analysis 19th May 2023
EURUSD
EURUSD continue to move lower and able to break our support level as expected. EURUSD currently running at 1.0773.
At the time of writing, the four-hour Stochastic indicator is moving inside the oversold level, the price is moving BELOW the 20-period moving average. We are expected that EURUSD will move slightly higher to reach our resistance level at 1.0815.
Resistance: 1.0815, 1.0848
Support: 1.0750, 1.0715
GOLD
Gold continues to move lower on Thursday and break our support level at $1,966. Gold currently is running at $1,958.
At the time of writing, the four-hour Stochastic indicator is moving inside the oversold level. The price is moving BELOW the 20-period moving average. We expect that Gold will move back slightly higher and try to reach our new resistance level at $1,974.
Resistance: $1,974, $1,991
Support: $1,950, $1,934
GBPUSD
GBPUSD continue to moves lower on Thursday and break our support levels at 1.2446. Currently, GBPUSD is trading at 1.2413
As of this writing, the four-hour Stochastic indicator is moving higher just near the oversold area. The price is now moving BELOW the 20-period moving average. We expect GBPUSD to move slightly higher and reach our resistance level at 1.2444.
Resistance: 1.2444, 1.2499
Support: 1.2395, 1.2355
SPXUSD
SPXUSD moves higher on Thursday and break our resistance level at 4186 as expected. SPXUSD currently is running at 4204.
As of this writing, the four-hour Stochastic indicator is moving inside the overbought area, and the price is moving ABOVE the 20-period moving average. We expect that SPXUSD might move slightly higher and try to reach our new resistance level at 4250.
Resistance: 4250, 4309
Support: 4185, 4158
USOUSD
USOUSD (WTI) still in consolidation mode and keep between our support and resistance level as expected. Currently USOUSD is trading at 71.86.
As of the time of writing, the four-hour Stochastic indicator is just above the oversold area, the price is now moving just ABOVE the 20-period moving average. We expect that USOUSD to move slightly higher and reach our resistance level at 73.78.
Resistance: 73.78, 76.68
Support: 71.75, 69.39
