Tag: finance

  • Daily technical analysis 6/4/2024

    Daily technical analysis 6/4/2024

    EUR/USD

    The euro dollar is falling this morning and is trading at $1.0890, by 0.13%. Technically: The euro rose from the fulcrum area at 1.08372, penetrated the first resistance area, and recorded the highest high at $1.09160, and then fell. Among the expected scenarios is a continuation of the decline by targeting and testing the first resistance area and then the fulcrum. The alternative scenario is retesting the resistance area and failing to break the area and resuming the rise by targeting the second resistance area.

    Upcoming news that may affect the movement of the euro dollar:

    • America: Job opportunities for April 18:00

    Second resistance area

    1.09256 – 1.09378

    First resistance area

    1.08700 – 1.08843

    fulcrum

    1.08372

    First support area

    1.08017-1.0795

    Second support area

    1.07486 – 1.07422

    GBP/USD

    The British pound falls against the US dollar with the opening of the markets after arriving at the third resistance area, which in turn is being tested as to whether it is an area that should be taken into consideration as a region, and it is currently trading at 1.2789. From a technical standpoint: The pound may return to the second resistance area to retest the area. If it passes and closes below the area, it will open for further decline to return to the first resistance area. In the event of failure, we may witness a rise that may reach the resistance area of ​​the four-hour time frame.

    Upcoming news that may affect the pair’s movement:

    • America: Job opportunities for April 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 and the yen have been falling since yesterday. It is currently trading at levels of 155.69. From a technical standpoint: The dollar and the yen fell to the second resistance area, broke it, retested the area and failed to stabilize above it, and continued to fall, targeting the first resistance area. Among the possible scenarios: a continuation of the decline, targeting the fulcrum area, and the alternative scenario is a rebound from the first resistance area and a return. To target the second resistance area

    Upcoming news that may affect the pair’s movement:

    • America: Job opportunities for April 18:00

    Second resistance area

    156.341 – 156.260

    First resistance area

    155.406 – 155.343

    fulcrum

    154.394

    First support area

    152.846 – 155.741

    Second support area

    151.681 – 151.639

    AUD/USD

    The Euro/Dollar is falling this morning and is trading at $1.0843, by 0.12%. Technically: The euro rose from the fulcrum area at 1.08372 and reached the first resistance area and failed to break the area. Among the expected scenarios is the price rebounding from the resistance area levels and targeting the fulcrum area and then the first initial support area. The alternative scenario is a continuation of the rise to the second resistance area.

    Upcoming news that may affect the husband:

    • America: Job opportunities for April 18:00

    Second resistance area

    0.66143 – 0.66231

    First resistance area

    0.65663 – 0.65783

    fulcrum

    0.65217

    First support area

    0.63154 – 0.63609

    Second support area

    0.60219 – 0.59604

    USOIL

    Oil prices have been somewhat stable since a day ago and broke the fulcrum area and is seeking to reach the first support area. This morning, oil fell by 0.33% since this morning and is currently trading at $77.12 per barrel. From a technical point of view, oil fell to the focus area, and currently, the rebound to the first resistance area, and the alternative scenario is reaching the first support area.

    Upcoming news that may affect the pair’s movement:

    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 rose yesterday and fell with the Asian session this morning, and is currently trading at levels of $2342.16 per ounce. From a technical standpoint, we note that the price respects the regions. But the pressure from sellers was stronger. Possible scenarios include: After gold returns to the second support area, we notice the price rebounding from it. In this case, either the decline continues by targeting the third support area, and the alternative scenario is to test the second area again, break it, and continue the rise by targeting the first support area.

    Upcoming news that may affect the movement of gold:

    • America: Job opportunities for April 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