Spreads
Spreads
Spreads
Spreads
Spreads
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Last week, gold prices rose, able to reach the resistance level, and closed the week at $2,063.
On the weekly timeframe, the Stochastic Indicator suggests a downward movement in the middle. Currently, gold is trading above the 20, 50, and 200-day moving averages.
Our weekly resistance levels are set at $2,079 and $2,145, while support levels remain at $2,017 and $1,952.
On the daily timeframe, the Stochastic Indicator appears stagnant just below the overbought area. Gold’s price currently stands above the 20, 50, and 200-day moving averages.
Daily resistance levels are identified at $2,075 and $2,116, with support at $2,045 and $2,008.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data, and may affect directly the Gold price. Our analysts predict a potential upward trend for Gold this week to start the year 2024, potentially leading it to reach our resistance level at $2,075.
Last week, the EUR/USD was able to reach the resistance level and closed the week at 1.1036.
On the weekly timeframe, the Stochastic Indicator is moving just below the overbought area. Currently, the price trades above all the 20, 50, and 200-day moving averages.
Our weekly resistance levels are positioned at 1.1091 and 1.1277, with support levels at 1.0942 and 1.0757.
On the daily timeframe, the Stochastic Indicator remains flat just below the overbought area. Presently, the EUR/USD price stands above the 20, 50, and 200-day moving averages.
Our daily resistance levels are identified at 1.1086 and 1.1239, with support levels at 1.0989 and 1.0844.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts predict a potential upward trend for EUR/USD this week to start the year 2024, potentially leading it to reach our resistance level at 1.1086.
Last week, the DJ30 was able to reach the resistance level and closed the week at 37,689.
On the weekly timeframe, the Stochastic Indicator indicates an upward trend by moving within the overbought area. Currently, the index trades above the 20, 50, and 200-day moving averages.
Our weekly resistance levels are at 37,800 and 38,300, while support levels are at 37,011 and 36,477.
On the daily timeframe, the Stochastic Indicator moves higher targeting the overbought area. Currently, the price still moving above the 20, 50, and 200-day moving averages.
Our daily resistance levels are at 37,812 and 38,463, with support levels at 36,642 and 35,965.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts predict a potential upward trend for the DJ30, possibly reaching our resistance level at 37,800.
Last week, USO/USD was able to reach the support level and closed the week at 71.16.
On the weekly timeframe, the Stochastic Indicator indicates a slight upward movement just above the oversold area. The price remains below the 20, 50, and 200-day moving averages.
Our weekly resistance levels are positioned at 74.57 and 77.82, while support levels are at 70.33 and 66.96.
On the daily timeframe, the Stochastic Indicator is moving lower targeting the oversold area, and the price currently moving below the 20, 50, and 200-day moving averages.
Our daily resistance levels are marked at 73.87 and 76.23, supported by levels at 69.61 and 67.12.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. However, we must also remain vigilant for any updates regarding tensions in the Middle East. Our analysts foresee potential upward momentum for USO/USD this week, possibly driving it toward our next resistance level at 73.87.
Last week, the NAS100 was able to reach the resistance level and closed the week at 16,836.
On the weekly timeframe, the Stochastic Indicator is currently situated within the overbought area, while the price continues to trade above the 20, 50, and 200-day moving averages.
Our weekly resistance levels are identified at 17,250, with support levels at 16,624 and 16,120.
On the daily timeframe, the Stochastic Indicator is moving lower, attempting to exit the overbought area. Currently, the price remains above the 20, 50, and 200-day moving averages.
Our daily resistance levels stand at 16,965 and 17,176, while support levels are at 16,603 and 16,392.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts predict a potential upward trend for the NAS100, possibly reaching our resistance level at 16,965.
Last week, GBP/USD was able to reach the resistance level and closed the week at 1.2730.
On the weekly timeframe, the Stochastic Indicator is crossing back lower, trying to exit the overbought area. The price is trading above the 20 and 50-day moving averages but remains below the 200-day moving average.
Our weekly resistance levels are at 1.2850 and 1.3128, while support levels are at 1.2450 and 1.2131.
On the daily timeframe, our Stochastic Indicator indicates movement lower just below the overbought area. Currently, the price is trading above the 20, 50, and 200-day moving averages.
Our daily resistance levels stand at 1.2762 and 1.2826, while support levels are at 1.2696 and 1.2616.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts foresee a potential upward trend for the GBP/USD, potentially reaching our resistance level at 1.2850.
Last week, the USD Index was able to reach the support level and closed the week at 100.91.
On the weekly timeframe, the Stochastic Indicator is moving just slightly above the oversold area. Currently, the price is trading below the 20 and 50-day moving averages but remains above the 200-day moving average.
Our weekly resistance levels are at 101.94 and 103.05, with support levels at 100.79 and 99.67.
On the daily timeframe, the Stochastic Indicator indicates flat movement just above the oversold area. The price is currently trading below the 20, 50, and 200-day moving averages.
Our daily resistance levels stand at 102.15 and 103.03, while support levels are at 100.73 and 99.78.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts foresee a potential downward trend for the USD Index, potentially reaching our support level at 100.73.
Last week, USD/JPY was able to reach the support level and closed the week at 141.01.
On the weekly timeframe, the Stochastic Indicator indicates a downward movement, aiming for the oversold area. The price is presently trading below the 20 and 50-day moving average but remains above the 200-day moving average.
Our weekly resistance levels are set at 143.08 and 145.99, while support levels are at 140.66 and 137.96.
On the daily timeframe, the Stochastic Indicator moves near the oversold area. Currently, the price is trading below the 20-day, 50, and 200-day moving averages.
Our daily resistance levels stand at 142.87 and 144.77, with support levels at 140.89 and 139.35.
Conclusion: This week, we anticipate high volatility due to some high-impact data releases from the US such as Labor and PMI data. Our analysts foresee a potential downward trend for the USD/JPY, potentially reaching our support level at 140.89.
Make informed decisions with the most up-to-date and reliable financial data, exclusively provided by vtmarkets.com.
