After reaching 1.1450 the currency pair EUR/USD bounced downwards. The price reached 1.1400 by noon which slowed down its decline. In general, the spot is still on a near-term upward channel. The resistance is at 1.1450, the support comes in at 1.1400.
The moving averages keep moving north in the 4 hours chart. MACD is in the negative area. Stochastic is in an oversold area.
The pair may correct down to 1.1350- 1.1330. We expect another upmove after that.
The pound reached the multi month peaks on Friday. Buyers managed to lead the spot up to 1.3028 where they lost control. The price bounced off the mark and headed south after that. The pair broke 1.3000 first and after a brief pause extended its weakness. The resistance lies at 1.3000, the support comes in at 1.2900.
The EMA50 crossed the EMA100 upwards. MACD was going down while Stochastic stuck in the oversold area.
We believe the GBP/USD pair will reach 1.2900 in a short term. After the level test the pound will bounce upwards heading towards the recent tops.
The XAU/USD pair traded in a near-term downward channel on Friday. The yellow metal bounced from its upper limit last Thursday and reached its lower limit on Friday. The resistance is at 1250, the support comes in at 1240 dollars per ounce.
EMA50 and EMA100 moved downwards in the 4 hours chart. MACD and Stochastic were in the negative area.
We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot may bounce to 1240 dollars per ounce.
Brent traded mixed on Friday. The benchmark was growing the first part of the day. The price reached the local high when the market turned bearish and erased all its recent gains. The resistance is at 48.50, the support comes in at 47.50.
The moving averages went downwards. MACD was positive. Stochastic left the overbought area.
If the market stays unchanged Brent may retake 48.50. Otherwise, the benchmark shall retest 46.50.
Read the full review on our site:
+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]