Energies
The US dollar started the week higher as it rose against major currencies. The dollar index (DXY) broke above 99.00 again. EURUSD lost 65 points as the market opened as it recorded a low of 1.1456 during the Asian session, but later recovered and rose to 1.1520
Moving averages MA(5), MA(10), and MA(30) show mixed signals, and MACD is nearing zero level, which could indicate a bullish movement ahead.
Breaking above 1.1540 could open the door for further expansion toward 1.1600 psychological level. However, eyes are on the 1.1456 support as falling below this level may accelerate bearish momentum toward 1.1400 levels
EURUSD 1H Chart
| Resistance | 1.1522 | 1.1550 | 1.1583 |
| Support | 1.1485 | 1.1457 | 1.1432 |
USD rose 0.76% against the Japanese Yen during the Asian session, and the pair is still showing strength with three moving averages MA(5), MA(10), and MA(30) all slopping upward.
USDJPY is likely to find dynamic support at the moving averages with the focus on 146.00 level in the short term. Failing to close below moving average MA(30) confirms the continuity of the bullish trend. Mid-term resistance level is at 149.00
USDJPY 1H Chart
| Resistance | 147.65 | 148.12 | 148.67 |
| Support | 146.77 | 146.06 | 145.77 |
Gold and oil opened the week higher with a bullish gap on the hourly chart. Brent opened at $77.34 before falling to $76.30. Gold fell more than 1% since the market opened. While the hourly chart shows a short term bearish correction, the three moving averages (MA5), (MA10), and MA(30) still show indecisiveness. The next important support level is $3,295.
Breaking below $3,340 migh push the precious metal further toward $3,300 levels
Gold (XAUUSD) 1H Chart
| Resistance | $3,366 | $3,374 | $3,387 |
| Support | $3,347 | $3,339 | $3,319 |
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