- My MBG
- About MBG
- Trading Accounts
- Contact Us
Resistance level 1: 1.1101 Resistance level 2: 1.1129 Resistance level 3: 1.1185
Support level 1: 1.1017 Support level 2: 1.0961 Support level 3: 1.0932
Comment: The bullish trending pair managed to break yesterday’s first resistance level of 1.1059. If the bulls continue, we could see the price rise to 1.1101 and possibly break the second resistance level of 1.1129. Alternatively, if the trend reverses, we could see the price drop to 1.1017 and plummet further to 1.0961.
Resistance level 1: 108.31 Resistance level 2: 108.51 Resistance level 3: 108.66
Support level 1: 107.96 Support level 2: 107.82 Support level 3: 107.61
Comment: After the opening the pair were trending upwards. This was then reversed and the pair is now trending neutral. If the upwards momentum is regathered the price could rise to 108.31 and possibly break the second resistance level of 108.51. On the other hand, the price could fall to 107.96 and extend to 107.82.
Resistance level 1: 1.2552 Resistance level 2: 1.2607 Resistance level 3: 1.2687
Support level 1: 1.2418 Support level 2: 1.2338 Support level 3: 1.2284
Comment: The pair initially had downwards momentum, before bulls took over and broke the first resistance of 1.2486 during the European trading session. If the bulls can keep this momentum, we could see the first resistance of 1.2552 broken, possibly rising to 1.2607. Alternatively, if the pair begins to trend downwards, we could see the pair fall to 1.2418 and possibly further to the second support level of 1.2338.
Resistance level 1: 0.6879 Resistance level 2: 0.6894 Resistance level 3: 0.6919
Support level 1: 0.6841 Support level 2: 0.6816 Support level 3: 0.6801
Comment: The pair was initially trending bearish throughout the Asia trading session breaking the first and second support levels. The trend was reversed taking the pair near yesterday’s opening price. If the bulls can continue with yesterday’s late found momentum, the pair could increase to 0.6879 and possibly break the second resistance of 0.6894. However, if the bears gain momentum the price could drop to 0.6841, which could plummet further to 0.6816.
Resistance level 1: 0.6372 Resistance level 2: 0.6385 Resistance level 3: 0.6409
Support level 1: 0.6334 Support level 2: 0.6309 Support level 3: 0.6296
Comment: The bears had early momentum testing the first support level of 0.6326, before the pair started trending upwards during the European trading session erasing most of the day’s losses. If the pair gains upwards momentum we could see the price of 0.6372 broken, which could carry the pair further to 0.6385. Alternatively, if the bears can gather momentum the price could fall to 0.6334 and drop to the second resistance level of 0.6309.
Resistance level 1: 0.9962 Resistance level 2: 0.9993 Resistance level 3: 1.0017
Support level 1: 0.9907 Support level 2: 0.9882 Support level 3: 0.9851
Comment: The pair initially had upwards momentum testing the first resistance level of 0.9956, before the bears took over erasing most of the day’s gains. If the bears can gain momentum, the support level of 0.9907 might be broken and we could see the second support level of 0.9882 tested. However, if the bulls gather momentum, they could break the price of 0.9962 and possibly test 0.9993.
Resistance level 1: 1.3285 Resistance level 2: 1.3327 Resistance level 3: 1.3353
Support level 1: 1.3217 Support level 2: 1.3190 Support level 3: 1.3149
Comment: The pair is continuing to trend neutral, with neither the bulls nor the bears gaining any momentum. If the bulls can gather steam and break the first resistance level of 1.3285, the pair could continue further to 1.3327. Alternatively, if the bears gain momentum, the price could drop to 1.3217 and possibly plummet further to 1.3190.
Resistance level 1: 27164 Resistance level 2: 27221 Resistance level 3: 27314
Support level 1: 27015 Support level 2: 26922 Support level 3: 26865
Comment: The trend of DOW JONES remains neutral. During the last trading session, the index was opened with a downward trend and the first support level was tested before it bounced up and recouped the loss, closing at 27108.2. For the further reference, bulls may gather momentum and may see the region of 27221 if the price breaks the level of 27164. On the other hand, if the price breaks below the support level of 27015, it may see the area of 26922.
Resistance level 1: 1507.7 Resistance level 2: 1514.2 Resistance level 3: 1521.3
Support level 1: 1494.0 Support level 2: 1486.9 Support level 3: 1480.4
Comment: The trend of gold became neutral in the last trading day. Gold was opened with a downward trend, but then the bulls got momentum and bounced the price up to 1507.1, testing the first resistance level, from where it retreated again and closed at 1501.2 slightly above the opening price. If the bears take advantages today, we might see the pair break below 1494.0 and drop further to 1486.9. Alternatively, if the bulls regain momentum and break above the first resistance of 1507.7, it may see the price of 1514.2.
Resistance level 1: 61.21 Resistance level 2: 63.84 Resistance level 3: 65.32
Support level 1: 57.10 Support level 2: 55.62 Support level 3: 52.99
Comment: The trend of crude oil becomes bearish. During last trading day, the price experienced a sudden decline after the New York market opened and managed to break below the first support level that day. For further reference, if the bears keep the advantage, the price may break below 57.10 and drop further to the level of 55.62. On the other hand, the price climbing above 61.21 may see the it rising to 63.84.
Trading margin FX and CFDs carries a high level of risk and may not be suitable for all investors. The possibility exists that you may lose more than your initial investment.
The information contained in this website is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions. MBG Markets accepts no liability whatsoever for any direct, indirect or consequential loss and/or damage of any form arising from any use of this report.
Please ensure that you read the Terms and Conditions and Product Disclosure Statement (PDS), and fully understand the risks involved before deciding to acquire any of the financial products listed on this website.
MBG Markets specifically prohibits the copying, reproduction, redistribution and/publishing of this material for any purpose in whole or in part without the prior written consent of MBG Markets.