책임감 있는 트레이드를 하세요. CFD는 복잡한 상품이며 레버리지로 인해 빠르게 자금이 손실될 위험이 높습니다. CFD가 어떻게 이루어지는지, 그리고 자금을 손실할 높은 위험을 감당할 수 있는지 잘 생각해보아야 합니다.

책임감 있는 트레이드를 하세요. CFD는 복잡한 상품이며 레버리지로 인해 빠르게 자금이 손실될 위험이 높습니다. CFD가 어떻게 이루어지는지, 그리고 자금을 손실할 높은 위험을 감당할 수 있는지 잘 생각해보아야 합니다.

12 May

Outlook:

USDX rising high

Yen trades solo

Crude oil might not hold

Gold finds refuge

U.S. Dollar Index (USDX)

The U.S. Dollar index traded around its highest level in two decades at 104.23 amid the inflation data yesterday. The Greenback cemented its long-term upward trend closing above the support of 103.60 and forming a rising pattern.

Technically, the index cemented the strong support above 103.60 on the daily chart. However, on the hourly chart, technical indicators and trend lines expect the index to trade lower.

PIVOT POINT: 104.10

 R1R2R3
RESISTANCE104.30104.60104.80
 S1S2S3
SUPPORT103.60103.20102.70

Euro (EURUSD)

The common currency remains on the primary downtrend, in both long-term and short-term time frames. The EURUSD found slight support near the lowest level since 2017 at 1.0510, the pair is not showing signs of recovery after the U.S. inflation data.

Technical indicators signal a continuation towards 1.04925. Meanwhile, in the longer term, the pair is set to continue its primary downtrend.

PIVOT POINT: 1.0510

 R1R2R3
RESISTANCE1.06501.06751.0730
 S1S2S3
SUPPORT1.04901.04101.0350

Sterling Pounds (GBPUSD)

The Cable traded lower today as the U.S. dollar is gaining massive momentum after the U.S. CPI figures, which pushed the pound to its lowest rate in 11 months. The Cable is set to continue the primary decline to touch its lowest rate in a year below 1.2100.

On the daily chart, the pair is expected to fall to 1.2070, while the hourly chart shows a likelihood to trade around 1.2000 during the day. The RSI and MACD are showing signals for a further decline in a slow fashion, while price action retains the reading of 1.2100 during the day.

PIVOT POINT: 1.2200

 R1R2R3
RESISTANCE1.24001.25651.2690
 S1S2S3
SUPPORT1.20701.19801.1900

Japanese Yen (USDJPY)

Unlike other majors, the samurai currency gained ground against the greenback this morning as high inflation might help the Japanese economy to recover.

The USDJPY pair broke below the support of 130.30 and formed a declining pattern on the hourly chart. Meanwhile, on the daily chart, the pair remains in the uptrend unless it broke below the support of 128.70. While the moving average reading indicates that the current level is critical resistance, MACD and RSI readings are neutral.

PIVOT POINT: 129.60

 R1R2R3
RESISTANCE130.60131.30132.00
 S1S2S3
SUPPORT128.70128.35128.00

Spot Gold (XAUUSD)

The yellow metal found a refuge above around $1,850 during the Asian session, which slowed down the effect of the U.S. CPI data on the safe haven. Gold prices retain their negative trend on the daily chart, and it is likely to continue the downward trend targeting 1,825.

The daily chart shows a continuation of the bearish trend line targeting the range between 1,825 to 1,800. Meanwhile, the hourly chart shows support at the current levels that might slow down the decline. Furthermore, both the RSI and the MACD imply that the bearish trend will continue.

PIVOT POINT: 1,840

 R1R2R3
RESISTANCE1,8901,8951,905
 S1S2S3
SUPPORT1,8251,8001,792

WTI (USOUSD)

West Texas Intermediate lost another nearly 2% during the Asian sessions as the inflation raises concerns regarding the demand.

Technical indicators signal a further decline if prices broke below the $100 level. Otherwise, the prices will be unlikely to rebound further than 103.50 under the current market conditions.

PIVOT POINT: 101.50

 R1R2R3
RESISTANCE103.40105.10108.40
 S1S2S3
SUPPORT97.2595.2090.00