USOIL Technical Analysis, in the global oil market, the price is trading at the area of $77.21 per barrel. According to technical analysis, the current trend indicates an upward trend with prices trading above the intersections of the moving average, and the MACD indicator also shows the emergence of a positive trend signal.
Accordingly, buying can rise to the price of 77.61, and we will target $78.30 per barrel as a profit-taking target. To ensure risk control, it is recommended to set a stop loss point at $76.23 per barrel.
USOIL Technical Analysis: On the other side
If the stop loss area at 76.23 per barrel is broken, targeting the additional support level at $75.60 per barrel could be achieved.
USOIL Technical Analysis: resistance and support levels
• Second resistance: 77.78
• First resistance: 77.62
• Pivot level: 77.31
• First support: 77.06
• Second support: 76.95
Gold Technical Analysis: Gold prices rise
Gold Technical Analysis: The price of gold is trading today at $2028 per ounce. Trading appears in a weak downward trend, as the price of gold is trading above the intersections of the Moving Average indicators. As for the MACD indicator, it indicates very weak negative signals amid anticipation of the release of the US consumer price index. CPI
Accordingly, we can look to buy from the rise to the price of $2032 per ounce, and target the $2037 per ounce area to take profits, while setting the $2021 per ounce area as a stop loss.
Gold Technical Analysis: On the other hand
On the other hand, if the stop loss area of $2021 per ounce is broken, the price may head to the $2017 per ounce area.
Gold Technical Analysis: resistance and support levels
• Second resistance: 2030.10
• First resistance: 2029.15
• Pivot level: 2028.33
• First support: 2027.77
• Second support: 2026.65
EURUSD Technical Analysis: bearish trend
EURUSD Technical Analysis: The EURUSD is in a weak downward trend today during the American session. The EURUSD is trading at $1.0780, where prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend and the appearance of weakness in selling orders with anticipation of the release of the US Consumer CPI index. Accordingly, we can look to sell from a decline to a price of $1.0765, and the target could be the $1.0746 area. It is also recommended to choose the $1.0804 area as a stop loss point to control risk.
EURUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.0804 is broken, the euro price may head towards the $1.0819 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0795
• First resistance: 1.0789
• Pivot level: 1.0783
• First support: 1.0776
• Second support: 1.0770
NZDUSD Technical Analysis: bearish trading
NZDUSD Technical Analysis: The NZDUSD is trading in a bearish direction today during the American session. The NZDUSD price is trading at 0.6067, and trading appears below most of the moving average intersections. The MACD indicator also indicates negative signals
Accordingly, we can look to sell from a drop to 0.6052, and the target could be the 0.6032 area. It is also recommended to choose the 0.6095 area as a stop loss point to control risk.
NZDUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at 0.6095 is broken, the NZDUSD price may head towards the 0.6110 level.
NZDUSD Technical Analysis: Resistance and Support:
• Second resistance: 0.6083
• First resistance: 0.6078
• Pivot level: 0.6070
• First support: 0.6061
• Second support: 0.6055
