USOil Technical Analysis, we find the price of oil trading at $71.00 per barrel. Based on current technical analysis, the current trend shows a bearish trend in oil prices. The strength of this trend indicates a clear decline in the price of oil, as it traded below most of the intersections of the moving averages. In addition, the MACD indicator provides strength signals to sell.
Based on this analysis, we will wait for oil to fall to the target level of $70.30 per barrel, while choosing $69.33 as a profit-taking target. It is necessary to set a stop loss point at the $71.65 area
USOil Technical Analysis Oil analysis on the other hand
If the stop loss area at $71.65 per barrel is breached, the oil price could head towards the additional resistance level at $72.63 per barrel.
USOil Technical Analysis Resistance and support:
Second resistance: 72.30
First resistance: 72.00
Pivot level: 70.30
First support: 70.00
Second support: 69.50
Gold price XAUUSD Today: is trading in a downward trend
Gold price XAUUSD Today, in the current American trading session, shows a downward trend. Gold is currently trading at $2037 per ounce. What is noteworthy is trading below most of the moving average crossings, as can be clearly seen in the chart. For reference, the MACD indicator shows a negative trend, which indicates the emergence of selling power.
Based on this analysis, we can consider a selling opportunity while waiting for the gold price to fall to the target area of $2030 per ounce, and the next target may reach the $2021 area. It is also preferable to set the $2043 per ounce area as a stop-loss point, in order to contribute to effective risk management.
Gold price XAUUSD Today: On the other hand
On the other hand, if the stop loss area at $2043 per ounce is broken, this could lead to a drop in the gold price towards the $2052 per ounce level.
Gold price XAUUSD Today: resistance and support levels
Second resistance: 2059.98
First resistance: 2054.51
Pivot level: 2050.58
First support: 2045.11
Second support: 2041.18
AUDUSD Technical Analysis: The AUDUSD trading a down trend
The AUDUSD Australian dollar is trading against the US dollar today in a bearish trend during the American session. The Australian dollar is trading at 0.6726, and trading appears below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating the presence of selling power.
Accordingly, we can consider selling while waiting for the price of the Australian dollar pair to fall at the level of 0.6708, and the target could be the 0.6678 area. It is also recommended to choose the 0.6744 area as a stop loss point to control risk.
AUDUSD Technical Analysis: On the other side
On the other hand, if the stop loss area at 0.6744 is broken, the Australian dollar price may head towards the 0.6773 level.
AUDUSD Technical Analysis: resistance and support levels
• Second resistance: 0.6779
• First resistance: 0.6770
• Pivot level: 0.6764
• First support: 0.6755
• Second support: 0.6749
Facebook Stock Technical Analysis
Facebook stock is trading today in the American stock market at $346.15 per share. According to technical analysis, the current trend indicates an upward trend in Facebook share prices. Facebook’s share price reflects upward strength by exceeding most of the moving average intersections, and the MACD indicator also shows positive signs, with buying strength present.
Based on this, we expect the price of Facebook shares to rise, so we can buy and wait for the price to rise at the level of $351.72 per share to enter the purchase process, and we target the level of $360.87 per share as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $339.46 per share.
Facebook stock technical analysis on the other hand
If the stop loss area at $339.46 per share is broken, targeting the additional support level at $332.55 per share can be achieved.
Facebook Stock Technical Analysis: Resistances and support:
Second resistance: 356.50
First resistance: 354.50
Pivot level: 351.72
First support: 337.50
Second support: 335.50
