Tag: finance

  • Daily Technical Analysis 7/29/2024

    Daily Technical Analysis 7/29/2024

    EUR/USD

    The euro dollar is falling this morning and trading at $ 1.0851 by 0.03%, and technically the pair reached the third resistance area and is currently testing the area, and one of the expected scenarios is to continue the rise by targeting 1.09256 and the alternative scenario is to fall by targeting the second resistance area,

    News you may like the movement of the Eurodollar:

    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 0.10% and is currently trading at 1.2849 dollars and from a technical point of view:
    Resistance areas have become support areas and the prevailing trend is bullish, and the possible scenarios are to continue to rise by targeting the pivot point and the alternative scenario is to fall to retest the second support area, and if the area is broken, it will return again to 1.26832 levels.

    News you may want to move the pair:

    Second resistance area

    1.33441 – 1.33818

    First resistance area

    1.32237 – 1.32532

    Fulcrum

    1.31151

    First support area

    1.29717 – 1.29944

    Second support area

    1.28646 – 1.28943

    USD/JPY

    The dollar fell in the Asian session and rose with the European session and is currently trading at 153.50 levels and from a technical point of view:
    The expected scenarios are expected to rise by targeting the first resistance area and the alternative scenario is to fall by targeting the first support area again

    News you may want to move the pair:

    Second resistance area

    156.260 -156.341

    First resistance area

    155.343 -155.406

    Fulcrum

    154.394

    First support area

    152.741 – 152.846

    Second support area

    151.625 – 151.681

    AUD/USD

    The Aussie fell against the dollar this morning by 0.10% and is currently trading at 0.6547 from a technical point of view:
    Prices fell and reached 0.65138, and one of the possible scenarios is to retest the first resistance area and the alternative scenario is to fall by targeting the first support area

    News you may like the movement of the Eurodollar:

    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

    This morning, oil prices are up 0.90% and are currently trading at $77.10 per barrel.
    Technically, oil is pivoting at the pivot point and the possible scenarios are to rise by targeting the first resistance area and the alternative scenario is to fall by targeting the first support area

    News you may like the movement of oil:

    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 is rising this morning and is currently trading at 2392.37 dollars per ounce. Technically, gold is near the pivot area and the possible scenarios are to rise by targeting the first resistance area and the alternative scenario is to fall by targeting the first support area

    News you may like the movement of the Eurodollar:

    Wednesday :

    • Euro: Consumer Price Index 12:00
    • Euro: Index of available prices as of 16:00

    Second resistance area

    2,530.06 – 2,535.45

    First resistance area

    2,500.40 – 2,505.19

    Fulcrum

    2,477.45

    First support area

    2451.17 – 2446.43

    Second support area

    2408 – 2413.10