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Daily Forecast: EUR/USD, GBP/USD, Gold, Oil And Gas

Published 02/08/2018, 03:39 AM
Updated 07/09/2023, 06:31 AM

Daily Forecast

EUR/USD

The market is trading along an uptrend with target at 1.2500 that may be expected to continue, while trading above the support level 1.2300.

An downtrend will start as soon as the market drops below support level 1.2300, which will be followed by a move down to support level 1.2180.

EUR/USD Chart

GBP/USD

An uptrend will start as soon as the market rises above resistance level 1.3975, which will be followed by a move up to resistance level 1.4070.

The downtrend may be expected to continue in case the market drops below support level 1.3900, which will be followed by reaching support level 1.3790.

GBP/USD Chart

Gold

The uptrend may be expected to continue in case the market rises above resistance level 1320, which will be followed by reaching resistance level 1339.50.

An downtrend will start as soon as the market drops below support level 1321, which will be followed by a move down to support level 1309.

Gold Chart

U.S. Crude Oil

An uptrend will start as soon as the market rises above resistance level 64.05, which will be followed by a move up to resistance level 65.00.

An downtrend will start as soon, as the market drops below support level 63.00, which will be followed by a move down to support level 61.50.

U.S. Oil Chart

Natural Gas

An uptrend will start as soon as the market rises above resistance level 2.760, which will be followed by a move up to resistance level 2.810 and 2.880.

The downtrend may be expected to continue in case the market drops below support level 2.700, which will be followed by reaching support level 2.640.
Natural Gas Chart

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