Spreads
Spreads
Spreads
Spreads
Spreads
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Gold (XAUUSD)
Last week, gold moved slightly higher as the market moved in high volatility. Gold closed the week at $1,959.
On the weekly timeframe, we can see that the Stochastic Indicator is moving higher, approaching the overbought area. The gold price is now moving above the 20, 50, and 200-period moving averages.
Our weekly resistance levels are at $1,969 and $2,005, with support levels at $1,945 and $1,910.
On the daily timeframe, the Stochastic Indicator is moving flat just above the oversold area, while the price is currently above the 20, 50, and 200-period moving averages.
Our daily resistance levels are at $1,967 and $1,989, with support levels at $1,939 and $1,910.
Conclusion: This week, gold is expected to experience high volatility as we await the US jobs report and interest rate decisions from several central banks. We anticipate that gold will move higher, attempting to reach our resistance level at $1,989.
EURUSD
Last week, EURUSD moved lower and broke our support levels. EURUSD closed the week at 1.1018.
On the weekly timeframe, the Stochastic Indicator is moving lower after exiting the overbought area. The price is currently trading above the 20 and 50-period moving averages but below the 200-period moving average.
Our weekly resistance levels are at 1.1083 and 1.1269, with support levels at 1.0922 and 1.0826.
On the daily timeframe, the Stochastic Indicator is moving higher, attempting to exit the oversold area, while the price is below the 20-period moving average but still above the 50 and 200-period moving averages.
Our daily resistance levels are at 1.1092 and 1.1174, while the support levels are at 1.1003 and 1.0942.
Conclusion: This week, we expect high volatility for EURUSD due to the upcoming US jobs report. The current market sentiment favours the USD, but we anticipate that EURUSD will continue its downward momentum, possibly reaching our support level at 1.1003.
DJ30
Last week, the DJ30 rose as expected and reached our resistance levels. The DJ30 closed the week higher at 35,462
On the weekly timeframe, we can observe the Stochastic Indicator moving higher, approaching the overbought area. The price is currently above the 20, 50, and 200-period moving averages.
Our weekly resistance levels are at 35,502 and 36,465, with support levels at 34,496 and 33,503.
On the daily timeframe, we can see that the stochastic indicator is moving lower after exiting the overbought area. The price is now moving above the 20, 50, and 200-period moving averages.
Our daily resistance levels are at 35,577 and 35,967, with support levels at 35,035 and 34,586.
Conclusion: This week, the US stock market is expected to experience high volatility as the market focuses on the US jobs report on Friday. We anticipate the DJ30 to make a slight upward movement and potentially reach our resistance level at 35,502.
USOUSD
Last week, USOUSD (Oil) moved higher as expected and reached near our resistance levels. USOUSD closed the week at 80.70.
On the weekly timeframe, we can observe the Stochastic Indicator moving higher and entering the overbought area. The price is currently above the 20, 50, and 200-period moving averages.
Our weekly resistance levels are at 82.34 and 87.97, with support levels at 76.88 and 73.07.
On the daily timeframe, the Stochastic Indicator is in the overbought area. The price is currently moving above the 20, 50, and 200-period moving averages.
Our daily resistance levels are at 83.33 and 81.41, while support levels are at 78.91 and 75.74.
Conclusion: This week, we could experience high volatility in USOUSD due to the upcoming US jobs report. We might witness a stronger upward movement with the potential to reach our resistance level at 82.34.
NAS100
Last week, the NAS100 moved slightly higher as expected and successfully broke our resistance levels. The NAS100 closed the week lower at 15,750.
On the weekly timeframe, we can see that the Stochastic Indicator is moving flat but slightly lower trying to exit the overbought area. The price is currently still moving above the 20, 50, and 200-period moving averages.
Our weekly resistance levels are at 15,932 and 16,407, with support levels at 15,153 and 14,658.
On the daily timeframe, the stochastic indicator is moving lower after exiting the overbought area. The price is still moving above the 20, 50, and 200-period moving averages.
Our daily resistance levels are currently at 15,922 and 16,185, while support levels are at 15,616 and 15,253.
Conclusion: We anticipate the NAS100 to make a slight upward movement and potentially reach our resistance level at 15,922.
GBPUSD
Last week, GBPUSD moved higher as expected, reaching our daily resistance level at 1.2976. However, it then moved lower at the end of the week. GBPUSD closed the week at 1.2850, just above our support level.
On the weekly timeframe, the Stochastic Indicator is moving lower, having exited the overbought area. The price is currently moving just below the 20-period moving average but is still above the 50 and 200-period moving averages.
Our weekly resistance levels are at 1.3095 and 1.3383, while support levels are at 1.2663 and 1.2318.
On the daily timeframe, our stochastic indicator is moving flat near the oversold area. The price is currently still moving above the 20, 50, and 200-period moving averages.
Our daily resistance levels are now at 1.2976 and 1.3139, while support levels are at 1.2828 and 1.2612.
Conclusion: This week, we can expect high volatility in GBPUSD as it will be affected by the Bank of England rate decision and the US Jobs report. We anticipate some upward movement in GBPUSD, with the potential to reach our resistance level at 1.2976.
USD Index
Last week, the USD Index moved higher and reached above our resistance level at 101.35. The USD Index closed the week at 101.44.
On the weekly timeframe, we can see that the Stochastic Indicator is hovering on the edge of the oversold area, with a possibility of crossing back higher. The price is currently below the 20 and 50-period moving averages, but still above the 200-period moving average.
Our weekly resistance levels are at 101.93 and 103.14, with support levels at 100.39 and 99.19.
On the daily timeframe, the Stochastic Indicator is moving lower inside the overbought area. The price is now moving above the 20-period moving average, but still below the 50 and 200-period moving averages.
Our daily resistance levels are at 101.64 and 102.50, with support levels at 100.97 and 100.29.
Conclusion: We can expect high volatility in the USD Index this week as the market will be affected by the US Jobs report. We anticipate a potential upward movement in the USD Index, with the possibility of reaching our resistance level at 101.93.
USDJPY
Last week, USDJPY was able to reach below our support level at 140 as expected but then moved back higher. USDJPY closed the week at 141.03.
On the weekly timeframe, we can observe that the Stochastic Indicator is in the middle range. The price is still moving above the 20, 50, and 200-period moving averages.
Our weekly resistance levels are at 144.97 and 148.76, with support levels at 138.72 and 134.17.
On the daily timeframe, the stochastic indicator is in the middle range. The price is now moving above the 20, 50, and 200-period moving averages.
Our daily resistance levels are currently at 142.11 and 144.80, while the support levels are at 140.26 and 137.46.
Conclusion: This week, USDJPY is expected to experience high volatility as the market awaits the US Jobs report and reacts to the BOJ rate statement. We anticipate that USDJPY will move higher, potentially reaching above our resistance level at 142.11.
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