Resistance level 1: 1.0907 Resistance level 2: 1.0939 Resistance level 3: 1.0987
Support level 1: 1.0826 Support level 2: 1.0779 Support level 3: 1.0747
Comment: The bearish momentum subsided during Friday’s trading session with EURUSD closing near the daily pivot of 1.0855. For future trading references, if a bullish trend emerges then the resistance of 1.0907 could be broken and push the price up to 1.0939. However, if the downward trend returns then the support of 1.0826 may falter, which could pull the price lower to 1.0779.
Resistance level 1: 107.99 Resistance level 2: 108.42 Resistance level 3: 108.77
Support level 1: 107.20 Support level 2: 106.86 Support level 3: 106.42
Comment: The pair continues to exhibit a neutral trend closing below the daily pivot of 107.72. If a bullish trend returns, then it might climb to the first resistance of 107.99 and extend further to 108.42. However, if the bears take over again then the pair could fall to 107.20 and possible to break the second support level of 106.86.
Resistance level 1: 1.2550 Resistance level 2: 1.2594 Resistance level 3: 1.2666
Support level 1: 1.2435 Support level 2: 1.2363 Support level 3: 1.2319
Comment: The pair is beginning to exhibit a neutral trend after testing the first resisance level of 1.2519. If a bearish momentum returns, the pair may head lower to 1.2435 and then test the second support of 1.2363. Alternatively, if a bullish trend is formed the pair could rebound to 1.2550 level and head higher to 1.2594.
Resistance level 1: 0.6393 Resistance level 2: 0.6423 Resistance level 3: 0.6462
Support level 1: 0.6323 Support level 2: 0.6284 Support level 3: 0.6254
Comment: The bearish trend reversed during Friday’s trading session as AUDUSD managed to close above the first resistance level of 0.6352. If the bearish momentum can resurface, then the first support level of 0.6323 might not hold and causing the pair to fall further to 0.6284. Conversely, the bulls may proceed and break the resistance level of 0.6393 and proceed higher to 0.6423.
Resistance level 1: 0.6069 Resistance level 2: 0.6105 Resistance level 3: 0.6159
Support level 1: 0.5979 Support level 2: 0.5925 Support level 3: 0.5889
Comment: The pair surged through the first two resistance level during the European trading session. For an upward trend to continue, the price needs to push higher to 0.6069, which can result in the second resistance level of 0.6105 being broken. Alternatively, if the bears gain momentum, the support level of 0.5979 may be tested which may pull the prices lower towards 0.5925.
Resistance level 1: 0.9710 Resistance level 2: 0.9751 Resistance level 3: 0.9778
Support level 1: 0.9643 Support level 2: 0.9615 Support level 3: 0.9575
Comment: The pair struggled to find direction during Fridays trading session, testing the first resistance level of 0.9730 during the European trading session, before falling towards the daily pivot of 0.9687. For a bullish trend to emerge, the price level of 0.9710 needs to be broken, which could allow the pair to push higher to 0.9751 If the bears pull the pair lower to the support of 0.9643 then it may extend losses to 0.9615.
Resistance level 1: 1.4083 Resistance level 2: 1.4156 Resistance level 3: 1.4196
Support level 1: 1.3970 Support level 2: 1.3931 Support level 3: 1.3858
Comment: The pair began exhibiting a bearish trend during the European trading session and managed to close below the first support of 1.4035. For future trading references, if the pair retreats towards the support level of 1.3970 then we may see the pair plummet toward 1.3931 region. For the bullish trend to emerge, the resistance of 1.4083 must be broken which can take the pair higher to 1.4156.
DOW JONES INDEX
Resistance level 1:24412 Resistance level 2:24678 Resistance level 3:25034
Support level 1:23790 Support level 2:23434 Support level 3:23168
Comment: The Dow was initially exhibiting a bearish trend before surging through the first resistance level of 23911 during the US trading session. For future trading reference, if the bullish momentum returns the index could break the first resistance level of 24412 and push higher to 24678 Alternatively, the Dow falls through the first support level of 23790, then the second support level of 23434 could be tested.
Gold Spot Intraday
Resistance level 1: 1706.9 Resistance level 2: 1732.1 Resistance level 3: 1745.7
Support level 1: 1668.3 Support level 2: 1654.7 Support level 3: 1629.6
Comment: Gold began displaying a bearish trend during the European trading session eventually closing below the second support level of 1689.9. If the bullish trend returns, then the precious metal could break the first resistance level of 1706.9 and rise towards 1732.1. However, if gold falls through the first support of 1768.2, then the second support of 1654.7 may be broken.
Crude Oil Intraday
Resistance level 1: 26.10 Resistance level 2: 27.92 Resistance level 3: 28.87
Support level 1: 24.35 Support level 2: 23.39 Support level 3: 22.09
Comment: The bearish trend returned as crude oil broke the first support level of 24.81 during the US trading session. If the bears continue, then oil may drop through the 24.35 level and test the second support of 23.93. On the other hand, if the trend reverses and the first resistance level of 26.10 is broken, then crude oil may push higher to 27.92.