Daily Technical Analysis 6/19/2024

Finance and economics explained simply
Daily Technical Analysis 6/19/2024

EUR/USD

The Eurodollar rose this morning and is trading at $1.0739, up 0.05%, technically speaking: The euro fell by targeting new support areas, and please note that the support and resistance areas have changed, and the possible scenarios are to continue to rise by targeting the second resistance levels, and the alternative scenario is to fall by targeting the pivot point and then the first support area

News you may like the movement of the Eurodollar:

Second resistance area

1.07959 - 1.08017

First resistance area

1.07959 - 1.08017

fulcrum

1.07245

First support area

1.06980 - 1.07086

Second support area

1.06490 - 1.06592

GBP/USD

The British pound is falling against the US dollar this morning and is currently trading at 1.2729 from a technical point of view: The British pound has broken the uptrend and is testing the resistance zone from possible scenarios: The pair rose and reached the resistance area on the four-hour timeframe and we may see a retest of the area, and the alternative scenario is bearish by targeting the levels of the second resistance area

News you may want to move the pair:

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 in the Asian session this morning and is currently trading at 157.70 levels, technically speaking: The dollar rose from the first resistance area to the second resistance area in an attempt to target the levels of 157.873, and the possible scenarios include reaching the levels of 157.873 and 158.034, and the alternative scenario is to fall by targeting the first resistance levels

News you may want to move the pair:

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 Aussie is up 0.21% against the dollar this morning and is currently trading at 0.6670, 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 you may want to move the pair:

Second resistance area

0.66143 - 0.66231

First resistance area

0.65663 - 0.65783

fulcrum

0.60219 – 0.59604

First support area

1.08843 - 1.08700

Second support area

1.08843 - 1.08700

USOIL

Oil prices rose yesterday and fell this morning Oil is down 0.41% and is currently trading at $80.39 per barrel. Technically, after prices stabilize above the first resistance area, it targets the second resistance area, and the possible scenarios are the continuation of the rise by targeting the second resistance area and the alternative scenario is the fall by targeting the pivot point

News you may want to move the pair:

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 with the European session this morning and is currently trading at $2329.24 per ounce. We note that the first support area was the area that caused the collapse of prices to reach the lowest price reached by gold at 2286.84 dollars The prices are considered to be in a sideways movement between the third support level and the potential support level and waiting for a breakout of one of these levels to confirm the trend

News you might like about gold’s movement:

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

Related Posts