Daily Forecast: EUR/USD, GBP/USD, Gold, Oil And Gas
Anton Kolhanov | Feb 08, 2018 03:39AM ET
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.
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.
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.
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.
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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.
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