GBPUSD |
Following a prior recovery from its low point, the pound-to-dollar exchange rate rose. The MACD indicator has a bullish bias, indicating that the pair is likely to extend its rebound towards the resistance level of 1.3875. |
R1 R2 |
1.3875
1.3990 |
S1 S2 |
1.3765
1.3600 |
EURUSD |
Following a prior recovery from the support level of 1.1800, the EURUSD has been trading higher. Indicators such as the MACD, which shows a weakening bearish trend signal, indicate that the pair will extend its advances towards the resistance level of 1.1885. |
R1 R2 |
1.1885
1.1950 |
S1 S2 |
1.1800 1.1705 |
USDJPY |
Presently, the USDJPY is trading in a sideways channel around the resistance level 110.20, which it is currently testing. In contrast, the MACD indicator, which displays a bullish trend signal with the creation of a golden cross, suggests that the pair will continue to trade higher after breaking over the resistance level. |
R1 R2 |
110.20
110.75 |
S1 S2 |
109.60
109.15 |
AUDUSD |
The Australian dollar continues to move in a sideways pattern. The absence of momentum and clear direction from the MACD suggests that it is best to wait until additional signals emerge before getting into the market again. |
R1 R2 |
0.7415
0.7485 |
S1 S2 |
0.7330
0.7250 |
NZDUSD |
The New Zealand dollar is trading flat in a sideways channel. However, the MACD indicator, which indicates a bearish trend signal, suggests that the pair will trade lower in the short term, towards the support level of 0.7075, before rising again. |
R1 R2 |
0.7145 0.7225 |
S1 S2 |
0.7075 0.6990 |
USDCAD |
Following a previous retreat from the resistance level of 1.2685, the USDCAD was trading lower. Using the MACD indicator, which depicts a bearish trend signal, the pair is expected to prolong its pullback towards support level 1.2585. |
R1 R2 |
1.2685 1.2770 |
S1 S2 |
1.2585 1.2510 |
USDCHF |
Following a previous retracement from its high level, the USDCHF was trading lower. The MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may prolong its retracement in the short term towards the support level of 0.9200, according to the chart. |
R1 R2 |
0.9245
0.9310 |
S1 S2 |
0.9200
0.9100 |
Crude Oil |
Crude oil prices continue to trade in a sideways channel, with the price of crude oil currently testing the resistance level of 70.55 dollars per barrel. The MACD indicator, which displays a bullish trend signal, suggests that the commodity will move higher after breaking over the resistance level of 70.55. |
R1 R2 |
70.55
74.30 |
S1 S2 |
68.05
65.35 |
XAUUSD |
Gold's price has remained unchanged near the barrier level for the time being. However, the MACD indicator, which shows a weakening bullish trend signal, suggests that the commodity will be traded down, towards the support level of 1760.35, in the near term. |
R1 R2 |
1795.45
1831.20 |
S1 S2 |
1760.35
1725.50 |