Daily Forecast: EU/RUSD, GBP/USD, Gold, Crude Oil
Anton Kolhanov | Oct 23, 2017 02:10AM ET
The market is trading along a downtrend, that may be expected to continue in case the market drops below support level 1.1710, which will be followed by reaching support level 1.1670.
An uptrend will start as soon as the market rises above resistance level 1.1746, which will be followed by a move up to resistance level 1.1860.
The market is trading along a sideways trend between support 1.3135 and resistance 1.3180.
An uptrend will start as soon as the market rises above resistance level 1.3180, which will be followed by a move up to resistance level 1.3186.
The downtrend may be expected to continue in case the market drops below support level 1.3135, which will be followed by reaching support level 1.3068.
Gold
The market is trading along a downtrend with target on 1276 and if it keeps on moving down below that level, we may expect the market to reach support level 1268.
An uptrend will start as soon as the market rises above resistance level 1284, which will be followed by a move up to resistance level 1304.
The market is trading along a sideways trend between support 51.32 and resistance 52.10. The uptrend may be expected to continue in case the market rises above resistance level 52.10, which will be followed by reaching resistance level 52.87 and if it keeps on moving up above that level, we may expect the market to reach resistance level 53.87.
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An downtrend will start as soon, as the market drops below support level 51.32, which will be followed by a move down to support level 49.17.
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