Check out our FAQ page here for questions about the unavailability of MT4/MT5 on the Apple App store. Read More

Technical analysis report 04-10-2022

4 Oct 2022 11:47 AM

EUR/USD is trending higher, RSI is rising and positive momentum is increasing, that speaks to bullish sentiment. Resistance might be incurred at 0.9906 or 1.0000.  If the longer-term bearish trend continues, it might target 0.9825 or 0.9787.

GBP/USD hit its highest mark in over one week. RSI is rising and positive momentum is increasing, that speaks to upbeat sentiment. If the short-term rally continues, it could target 1.1428 or 1.1500. Should the longer-term bearish move resume, it might fall to 1.1279 or 1.1200.

USD/JPY is rallying once again, the RSI is moving higher, and that suggests that sentiment is bullish. If the currency pair continues to rise, 145.89 or 147.00 might act as resistance. Momentum has turned negative so that could be a warning that a change in trend is in the offing. A fall from here could find support at 144.49 or 144.19.

The Dow Jones is rallying, RSI is rising and positive momentum is increasing, that speaks to bullish sentiment. Resistance might be incurred at 30000 or 30081. Should the longer-term downtrend continue, support might be found at 29543 or 29430.

WTI is trending higher, and the RSI is at the upper end of the range, implying the bias is to the upside. If the bullish move continues, it might target 84.00 or 85.84. Should the longer-term bearish move resume, it might find support at 82.68 or 81.72.

Gold hit a three week high and momentum is in positive territory, which speaks to an optimistic mood. If the rally continues, it might target 1731 or 1745. RSI is now overbought so that might be a warning that the rally is overstretched. A pullback from here might find support at 1694 or 1674.

Silver is rallying, the RSI is moving higher, and momentum is in positive territory, both speak to bullish sentiment. If the rally continues, it could target 21.35 or 22.00. Should silver fall from here, it might target 20.59 or 20.00.

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only