Tag: banking

  • Daily Technical Analysis 10/7/2024

    Daily Technical Analysis 10/7/2024

    EUR/USD

    The Eurodollar is rising this morning and is trading at $1.0823 by 0.09% and technically: The pair rose with the opening of the markets and retested the second resistance area and rose again, and one of the possible scenarios is to continue the rise by targeting the third resistance area and the alternative scenario is to return to the second resistance levels and then target the first resistance area,


    Upcoming news that may affect the movement of the euro dollar:
    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    1.07959 – 1.08017

    First resistance area

    1.07422 – 1.07486

    fulcrum

    1.07245

    First support area

    1.06980 – 1.07086

    Second support area

    1.06490 – 1.06592

    GBP/USD

    The British pound fell this morning by 0.11% and is currently trading at $1.2800, technically speaking: The pound breaks the third resistance zone and the possible scenarios are the continuation of the pair to the resistance zone on the four-hour timeframe and the alternative scenario is a drop by targeting the third resistance zone

    Upcoming news that could affect the movement of the British pound:

    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    1.25423 – 1.25282

    First resistance area

    1.24750 – 1.24554

    fulcrum

    1.23827

    First support area

    1.23093 – 1.22931

    Second support area

    1.22089 – 1.21847

    USD/JPY

    The dollar is rising this morning and rising with the European markets and is currently trading at 161.39 levels and from a technical point of view: Resistance zones have become support zones, and possible scenarios include continuing the ascent by targeting the second resistance zone and the alternative scenario of descending and testing the first resistance zone

    Upcoming news that may affect the movement of the dollar/yen:

    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    163.079 -163.555

    First resistance area

    159.845 -160.165

    fulcrum

    159.000

    First support area

    155.406 – 155.343

    Second support area

    156.341 – 156.260

    AUD/USD

    The Aussie is up 0.11% against the dollar this morning and is currently trading at 0.6749, technically speaking: Prices rose and reached the second resistance zone, and among the possible scenarios is a retest of the third resistance zone, and the alternative scenario is a drop by targeting the second resistance zone, and a sideways movement has formed between the two zones

    News that may affect the movement of the Australian dollar against the US dollar:

    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    0.66143 – 0.66231

    First resistance area

    0.65663 – 0.65783

    fulcrum

    0.65217

    First support area

    0.64541 – 0.64633

    Second support area

    0.60219 – 0.59604

    USOIL

    Oil prices are falling after the rally we saw at the second resistance area, and this morning oil is down 1.02% and is currently trading at $80.90 per barrel. Technically, oil targeted $83.55, and it is possible to fall by targeting the second resistance area and then the first resistance, and the alternative scenario is to continue to rise by targeting $85.58 levels

    Upcoming news may affect the movement of oil:

    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    81.71 – 82.00

    First resistance area

    79.08 – 79.38

    fulcrum

    77.47

    First support area

    75.20 – 75.67

    Second support area

    73.13 – 73.62

    XAU/USD

    Gold rises this morning and rises with the European session and is currently trading at 2374.28 dollars per ounce. Technically, gold rose last week and reached the pivot point at 2392.30 dollars and is currently rising to retest the first support area and from the possible scenarios to continue to rise by targeting the pivot point and then the first resistance area and the alternative scenario is to fall by targeting the second support area and then the third support area.

    News that may affect the movement of gold:

    America : Fed Chairman Powell’s testimony 18:00

    Second resistance area

    2451.17 – 2446.43

    First resistance area

    2408 – 2413.10

    fulcrum

    2394.35

    First support area

    2377.35 – 2372.87

    Second support area

    2355.59 – 2350.21