{x} | Trading.live

Market Analysis 21st June 2023

EURUSD

EURUSD moves slower but still able to reach our support level as expected before goes slightly higher and keep between our support and resistance levels. EURUSD currently running at 1.0912.

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

Resistance: 1.0982, 1.1034

Support: 1.0892, 1.0803

GOLD

Gold moves lower on Tuesday and able to break our support level at $1,939 as expected. Gold currently is running at $1,936.

At the time of writing, the four-hour Stochastic indicator is moving just above the oversold area, the price is now 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 $1,947.

Resistance: $1,947, $1,958

Support: $1,933, $1,927

GBPUSD

GBPUSD moves lower on Tuesday and able to break below our support level as expected. Currently, GBPUSD is trading at 1.2757.

As of this writing, the four-hour Stochastic indicator is moving back higher in the middle, and the price is now moving below the 20-period moving average. We expect GBPUSD to slightly higher for today and try to reach our 20-period moving average and resistance level at 1.2801.

Resistance: 1.2801, 1.2850

Support: 1.2721, 1.2670

SPXUSD

SPXUSD moves lower on Tuesday and able to reach below our support level. SPXUSD currently is running at 4391.

As of this writing, the four-hour Stochastic indicator is moves strongly higher and targeting the overbought area, the price is now moving just below the 20-period moving average. We expect that SPXUSD might moves slightly higher for today and reach our resistance level at 4415.

Resistance: 4415, 4439

Support: 4383, 4355

USOUSD

USOUSD (WTI) moves in high volatility on Tuesday and able to reach our support level and below our 20-period moving average but still between our support and resistance levels as expected. Currently USOUSD is running at 71.32.

As of the time of writing, the four-hour Stochastic indicator is moving flat in the middle, the price is now moving at the 20-period moving average. We expect that USOUSD to move slightly higher for today and try to reach our resistance level at 71.90.

Resistance: 71.90, 73.30

Support: 70.12, 69.14

Key Events for Today:

GBP    Consumer Price Index

USD    Fed Chair Powell Testifies