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Technical analysis report 30-09-2022

30 Sep 2022 01:00 PM

EUR/USD is trending higher, RSI is rising and momentum is in positive territory, this speaks to bullish sentiment. Resistance might be incurred at 0.9853 or 0.9906. If the longer-term bearish trend continues, it might target 0.9684 or 0.9635.

GBP/USD has rebounded from the record low seen earlier this week. Momentum is positive and the RSI is rising, and this implies upbeat sentiment. If the short-term rally continues, it could target 1.1243 or 1.1363.

USD/JPY is rallying once again, the RSI is moving higher. If the currency pair continues to rise, 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 this week, and if the wider bearish move continues it could target 29000 or 28865. The RSI has moved higher and that could suggest a rebound is in the pipeline. A rally could see it target 29816 or 30081.

WTI is trending higher, and the RSI is at the upper end of the range, implying the bias is to the upside. If the uptrend continues, it might target 82.49 or 83.00. Should the longer-term bearish move resume, it might find support at 79.91 or 79.20.

Gold has recovered from its two-year low and RSI is rising, indicating the price bias is to the upside. A rally might run into resistance at 1674 or 1687. Positive momentum is falling, that could be a sign the buyers are losing influence. 1650 or 1641 might act as support.

Silver is rebounding, RSI is rising and momentum is in positive territory, this speaks to bullish sentiment. A rally from here could see it target 19.18 or 20.00. If the longer-term negative trend continues, it could target 18.76 or 18.48.

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