Technical analysis of the markets and the end of the rally on oil

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BorseClub: In this article, we will list down the best trading position in the markets for this day including Gold, Dow Jones, GBPUSD, EURUSD, and others.

Gold XAU USD  Analysis:

In case of trading above the highest price at 1459.00  then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1483 – 1475

Resistance point 1558 – 1600

Chart of Gold XAU USD on 30 min time frame.


Dow Jones 

In case of trading below the lowest price at 27360  then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point.25850 – 25390

Resistance point 26890 – 27070

Chart of Dow Jones on 30 min time frame.

markets   Gold, Dow Jones, GBPUSD, EURUSD,


EURUSD

In case of trading above the highest price at 1.0880   then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point. 1.0880 – 1.0575

Resistance point1.1163 – 1.1252

Chart of EURUSD on 30 min time frame.

markets


GBPUSD

In case of trading above the highest price at 1.2204 then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point.1.2204 – 1.1750

Resistance point1.2309 – 1.2175

Chart of GBPUSD on 30 min time frame.

 

markets Gold, Dow Jones, GBPUSD, EURUSD,


USDJPY

In case of trading below the lowest price at 109.35  then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point.104.43 – 105.05

Resistance point108.50 – 109.35

Chart of USDJPY on 30 min time frame.

markets   Gold, Dow Jones, GBPUSD, EURUSD,
markets


AUDUSD

In case of trading above the highest price at 0.6670   then the pair will continue the rally. We prefer to wait for a small correction before entering long on this pair.

Support point.0.6670 – 0.6520

Resistance point0.6796 – 0.6867

Chart of AUDUSD on 30 min time frame.

markets


Oil / WTI

In case of trading below the lowest price at 53.15 then the pair will continue to decline more. We prefer to wait for a small correction before entering short on this pair.

Support point. 53.10 – 50.50

Resistance point60.83 – 58.74

Chart of WTI on 30 min time frame.

 Gold, Dow Jones, GBPUSD, EURUSD,
markets


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Marowa Al Tujjar
مديرة القسم الصحفي - كاتبة و محررة إقتصادية متخصصة بالعملات الرقمية
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