Energies
EURUSD shows a strong bullish trend on the hourly chart heading for levels above 1.1420. The pair is currently trading at 1.1380 facing a resistance at 1.1390. Breaking and closing of 1H candle above this level opens the door for more upward movement towards 1.1420.
Short term moving averages MA(5) and MA(10) show a bullish crossover, confirming the upward trend. Dynamic support of MA(30) is holding price above 1.1350 level.
MACD shows that bullish momentum is still intact, supporting the aforementioned scenario.
EURUSD 1H Chart
| Resistance | 1.1400 | 1.1420 | 1.1476 |
| Support | 1.1346 | 1.1313 | 1.1290 |
NZDUSD rebounded from a recent low at 0.5926 and is now trading just below the critical psychological level 0.6000. Moving averages support the uptrend. MA(5) and MA(10) are above MA(30) showing a clear bullish crossover. The MACD line has crossed above the signal line with green bars increasing – bullish confirmation.
As long as price stays above 0.5960, further upside toward 0.6020–0.6040 is likely in the short term.
NZDUSD 1H Chart
| Resistance | 0.6010 | 0.6031 | 0.6074 |
| Support | 0.5973 | 0.5947 | 0.5943 |
Gold started the week in the green as the price of one ounce spiked 1.24% in the past few hours and is now pushing upward with solid green candles.
Moving averages MA(5) and MA(10) are crossing above MA(30) which gives a bullish signal for the price. All moving averages are sloping upwards now, supporting momentum.
MACD shows a strong bullish crossover with increasing green histogram bars.
If price holds above $3,300, next resistance may lie around $3,345–$3,360
Gold (XAUUSD) 1H Chart
| Resistance | $3,350 | $3,366 | $3,400 |
| Support | $3,300 | $3,271 | $3,245 |
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