Forex And Commodities: Daily Technical Analysis
Jason Sen | May 04, 2021 06:08AM ET
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.
h2 Commodities/h2WTI 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.
/h2
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.