EURUSD
This pair faces resistance at 1.1880. It tried and failed to surpass it, then retreated to its support level at 1.1785.
If the price exceeds the resistance, we will target 1.1950 / 1.2000. If the pair breaks the 1.1785 support, we would expect a drop to 1.1730 - 1.1700.
GBPUSD
This pair succeeded in rising to 1.3175 resistance in last week’s trading and edged lower to its expected target at 1.30. We expect the price to continue falling to 1.29, as long as the pair stays stable below 1.30
The pair resistances: 1.3175 – 1.3100
USDJPY
This pair fell below its support level of 105.00, so we expect it to target 104.00 and then, if it breaks this level, 102.50.
The pair’s resistance levels are 105.00 – 106.00.
USDCHF
This pair rebounded from 0.9030 upwards, and we expect it to face resistance at 0.9090. This may pressure it to retreat again to 0.9030 - 0.9000 levels.
However, if it succeeds in surpassing the 0.9100 resistance level, it may continue rising to 0.9150 levels.
USDCAD
The pair succeeded in surpassing its 1.3177 resistance level, and if the price stabilises above it, we expect it to target 1.3250 levels, then 1.3350.
The pair’s support levels are 1.3177 - 1.3100.
AUDUSD
This pair faces resistance at 0.7140 / 50 levels. We expect it to retreat then target the 0.7000 support level.
If it succeeds in surpassing the resistance level at 0.7150, we will target 0.7200 - 0.7250 levels.
Gold
Gold faced strong resistance at $1930 last week. If the price stays below it, it may retreat to 1880 – 1870 - 1850.
We expect it to turn the upside if it breaks the 1930 resistance level, targeting 1970/1990.
WTI
Oil succeeded in achieving our targets at 39.50 - 39.00. We currently expect it to move between 38.50 and 39.50 levels.
If it succeeds in surpassing the resistance at 39.50, we may target 41.70 again. If the price breaks support at 38.50, we may target 37.00.
Dow Jones
The Dow Jones is currently moving in a corrective bearish channel, its upper range is the resistance level 28600; if it surpasses it, we might target 28900 points.
If the price rebounds from current levels, the index may face support at 2800, then 27900 - 27650 points.
