Weekly Forecast: EUR/USD, Gold, WTI oil, S&P500, Natural Gas, Soybean

Anton Kolhanov Anton Kolhanov

EUR/USD
The pair is trading along an uptrend with target on 1,1370 and may be expected to continue, while pair is trading above support level 1,1210.
An downtrend will start as soon, as the pair drops below support level 1,1210, which will be followed by moving down to support level 1,1107

GOLD
The pair is trading along an uptrend with target on 1433 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
Downtrend can start from resistance level 1433, which will be followed by moving down to support level 1397 – 1382.

Crude oil
The pair is trading along an uptrend with target on 61,45, 63,10 and may be expected to continue, while pair is trading above support level 59,25.
An downtrend will start as soon, as the pair drops below support level 59,25, which will be followed by moving down to support level 57,50.

S&P500
The pair is trading along an uptrend with target on 3050 and may be expected to continue, while pair is trading above support level 3002,45.
An downtrend will start as soon, as the pair drops below support level 3002,45, which will be followed by moving down to support level 2958.

Natural Gas
The pair is trading along an sideways trend between support 2,365 and resistance 2,490.
An uptrend will start as soon, as the pair rises above resistance level 2,490, which will be followed by moving up to resistance level 2,630.
An downtrend will start as soon, as the pair drops below support level 2,365, which will be followed by moving down to support level 2,175.

Soybean
The pair is trading along an uptrend with target on 943 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 985.
An downtrend can start from resistance 943, which will be followed by moving down to support level 894.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

EUR/USD trims gains, back below 1.1800

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GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.