Weekly Trading Levels for Forex & Commodities, Aug 5-9
The market is very much likely to trade U.S. dollar with a bearish sentiment until we have another fundamental to "price in". Key Levels...
Arslan Butt•Monday, August 5, 2019•1 min read
[[EUR/USD]] – Technical Levels
Support Resistance
1.1035 1.117
1.0963 1.1234
1.0828 1.1369
Key Trading Level: 1.1099
USD/JPY – Technical Levels
Support Resistance
105.64 108.45
104.67 110.29
101.85 113.11
Key Trading Level: 107.48
GBP/USD – Technical Levels
Support Resistance
1.2031 1.2342
1.19 1.2521
1.159 1.2831
Key Trading Level: 1.2211
GOLD – XAU/USD – Technical Levels
Support Resistance
1411.18 1459.9
1381.52 1478.96
1332.8 1527.68
Key Trading Level: 1430.24
WTI Crude Oil – Technical Levels
Support Resistance
52.95 58.15
50.69 61.09
45.48 66.3
Key Trading Level: 55.89
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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