The EUR/USD currency pair has been trading in a long-term descending channel pattern.
Currently, the pair is located near a significant resistance level at 1.1114.
If this resistance line holds, a possible 300 pips decline could occur during the following trading sessions.
The S&P 500 is likely to edge higher during the following trading sessions.
If the SPX breaks the significant resistance level at 3020.0, a surge towards the $3100 area could be expected.
However, if the aforementioned resistance level holds, a decline towards the $2850 region could occur.
The US Dollar has been trading in a one-month ascending trendline against the Swiss Franc. The currency pair reversed from the lower border of the trendline at 0.9698 on June 25.
Most likely, the exchange rate will continue its upward swing within this week's trading sessions. The potential target for bullish traders would be near the upper border of the channel...
The UK100/GBP pair has been appreciating in an ascending channel pattern since the beginning of June. The pair reversed north from the lower boundary of the channel pattern at 7088.8 on June 3.
The 200-hour simple moving average was providing support for the pair at 7481.0 during the morning hours of today's trading session, while the 50– and 100-hour SMAs were...
The DEU.IDX pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3.
The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session.
Currently, the pair is testing a support cluster formed by the 50– and 200-hour...
The Brent crude oil is currently trading in a triangle pattern.
Two scenarios are likely to occur during the following trading sessions.
First, the pair could aim for a resistance level formed by the 23.60% Fibonacci retracement level.
On the other hand, a resistance cluster at 63.81 could provide resistance for the commodity in the short term.
The GBPUSD currency pair is likely to make an upside move from the demand zone at 1.2817.
The potential target will be at 1.2786.
However, the US Non-Farm Payroll could influence the currency exchange rate today.
The EURUSD pair is gradually moving towards the 61.80% Fibonacci retracement level.
If the support level holds, the currency pair will continue its upside movement during the following trading sessions.
The US Dollar Versus the Japanese Yen bounced off support at 107.41.
The currency pair is likely to aim for resistance level at 109.10.
However, the 108.47 area might provide a significant resistance for the exchange rate.
If the currency exchange rate breaks the two barriers, bullish traders might extend their profit towards 109.75.
Good luck guys!