12.18 Analysis of the Trend of Foreign Exchange Gold and Crude Oil
EURUSD
Yesterday, the euro rebounded to the first support level and hit resistance before hitting the intraday limit, with downward pressure. The daily chart closed at a small bearish candlestick with both resistance and support, and the short-term volatility has not yet ended. Combined with the 4H chart, the Bollinger Bands have slightly flattened, and the MACD zero axis is running below. The main support level for the day is 1.0460-70, the second support is 1.0420, and the upper resistance is 1.0550, 1.0600. It is expected that the short-term resistance will test the first resistance level above the first support level.
GBPUSD
After a slight adjustment yesterday, the pound continued to rise, hitting the second resistance and easing its upward trend in the late trading session. The daily chart closed with a small bullish line above and below the shadow line. Currently, the upper part still faces a dense pressure zone of the previous low, and can only continue after recovery. From the 4H perspective, the upper and lower Bollinger Bands have slightly expanded, running near the MACD zero axis. The main support for the day is 1.2675, the second support is 1.2620, and the upper resistance is 1.2750, 1.2800. The first support is expected to test the first resistance in the short term before it falls.
USDJPY
After the opening of the Asian market yesterday, the USDJPY fluctuated downwards and fell back to near the first support during the New York session, slightly easing. T
he daily closing line closed with a small bearish candlestick at the upper and lower shadows, and the rebound momentum slightly weakened.
To prevent fluctuations in the short term, from a 4H perspective, the upper and lower Bollinger Bands narrowed, and MACD moved above the zero axis.
The primary resistance above the day was 154.00, the second resistance was 154.50-60, and the lower support was 153.15152.70.
It is expected to retest the first support below the first resistance in the short term.
XAUUSD
After a slight rebound yesterday, gold continued to decline and fell back to the vicinity of the second support during the trading session before rebounding again. The daily chart closed with a small bearish candlestick above and below the upper and lower shadow lines. From the close, the previous support still exists, and the downside space can only be opened after breaking down. Combined with the 4H chart, the Bollinger Bands are slightly lower, and the MACD zero axis is running downwards. The main resistance above the day is 2657-58, the second resistance is 2666, and the lower support is 2642-432632. The first resistance is expected to rebound in the short term before it recovers.
crude oil
After yesterday's adjustment, crude oil encountered resistance and fell back. During the New York trading session, it hit the second support and fluctuated upwards. The daily chart closed with a small bearish candlestick. Overall, the volatility pattern of the daily chart remains stable, and the short-term cautious pursuit of gains and losses. From the 4H perspective, the Bollinger Bands have slightly flattened, and the MACD zero axis is moving around. The main support below the day is 69.20, the second support is 68.50-60, and the upper resistance is 70.50, 71.50-60. It is expected to retest the first resistance in the short term above the first support.
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