EUR/USD fell a new 20-year low yesterday, and if the wider bearish move continues it could target 0.9600 or 0.9500. The RSI is rising, and momentum is in positive territory. Resistance might be encountered at 0.9800 or 0.9900.
GBP/USD printed a record low on Monday. If the wider bearish trend continues, it might target 1.0700 or 1.0618. The RSI is no longer in oversold territory and that suggests the selling pressure has dropped. If the near-term rebound continues, it might hit 1.0914 or 1.1000.
USD/JPY is rallying once again, the RSI is moving higher. If the currency pair continues to rally, 145.00 or 145.89 might act as resistance. Momentum is in negative territory and that could be a sign a change in trend is in the offing. A fall from here could find support at 143.89 or 143.17.
The Dow Jones fell to a two-year low yesterday, and if the wider bearish move continues it could target 29000 or 28865. The RSI has moved fractionally higher and that could suggest a rebound is in the pipeline. A rally could see it target 29816 or 30081.
WTI is trending higher, RSI is rising, and momentum is in positive territory, and that speaks to upbeat sentiment. Resistance might be found at 83.00 or 83.92. Should the longer-term downtrend continue, it might target 80.62 or 80.00.
Gold tumbled to a new two-year low yesterday, and if the downtrend continues, it could target 1641 or 1633. Momentum has turned positive, and the RSI is rebounding, and that suggests that sentiment is turning positive. A rally from here could see it target 1662 or 1674.
Silver traded at a three-month low yesterday. Should the longer-term bearish trend continue, it could target 18.52 or 18.00. The near-term trend is higher, and RSI is rising, and that suggests the rally might continue. 19.03 or 20.00 might act as resistance.
