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Technical analysis report 20-09-2022

20 Sep 2022 11:32 AM

EUR/USD is edging higher, and momentum is in positive territory, implying the bulls are in control. If the upward move continues, it could target 1.0049 or 1.0100. The RSI is in the middle of the range and that suggests there is no strong price bias in either direction. A fall from here could see it target 0.9965 or 0.9944.

GBP/USD fell to a 37-year low last week. If the long-term negative trend continues, it might target 1.1362 or 1.1300. The RSI is rising and momentum is in positive territory. A rally from here might encounter resistance at 1.1479 or 1.1527.

USD/JPY is creeping higher. Momentum is positive and RSI is rising, both speak to a bullish mood. A rally from here, could see it hit 144.00 or 145.00. A pullback might find support at 142.94 or 142.63.

The Dow Jones fell to a one-month low yesterday, and if the longer-term downtrend continues, it might find support at 30819 or 30695. The RSI is rising, and momentum is positive, if the near-term bullish move continues it could hit 31000 or 31275.

WTI is trending lower, and if the bearish move continues, it might encounter support at 84.60 or 84.00. The RSI is rising, and momentum is positive, if the near-term bullish move continues it might hit 86.00 or 86.79.

Gold fell to a two-year low last Friday, and if the wider bearish move continues it could target 1659 or 1654. The RSI is rising, and momentum is positive, if the near-term bullish move continues it could hit 1679 or 1690.

Silver is trending higher, and if the positive run continues it might encounter resistance at 19.64 or 20.00. Momentum has turned negative, and the RSI is falling, both suggest bearish sentiment. A fall could find support at 19.09 or 18.83.

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