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Forex And Commodities: Daily Technical Analysis

By Jason SenForexMay 04, 2021 06:08AM ET
www.investing.com/analysis/forex-and-commodities-daily-technical-analysis-200577287
Forex And Commodities: Daily Technical Analysis
By Jason Sen   |  May 04, 2021 06:08AM ET
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Forex

EUR/GBP holding resistance at 8712/19. A break higher targets 8750/60. First support at 8665/55 but below 8645 can target 8630/20

EUR/CAD 38.2% Fib, 6 year trend line and 500 and 200 month MA at 1,4615/1.4585. EUR/CAD 61.8% Fibi 6 year trend line. 500 and 200 month MA at 1.4615/1.4585.

GBP/CAD has very strong support at 1.7090/70 in oversold conditions. Longs at 1.7090/70 target 1.7130/40,1.7160/70. Resistance at 1.7200/10.

GBP/NZD retests support at the 100 day moving average at 1.9190/80. Four month trend line and 200 day MA resistance at 1.9330/40.

USD/ZAR Fibonacci and 200 week moving average resistance at 14.45/55.

Commodities

WTI crude 500 week moving average resistance at 66.00/66.20.

Gold spot strong 100 DMA resistance at 17.96/98. Further strong resistance at 18.03/06.

Silver first resistance at 26.85/95. First support at 26.25/21.

Forex And Commodities: Daily Technical Analysis
 

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Forex And Commodities: Daily Technical Analysis

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