ALB Limited 07.05.2024

Recovery Continues in Nasdaq

XAUUSD - Gold Technical Analysis

On the first trading day of the week yesterday, Ons Gold, which completed the day in a buying course with the effect of the retreat in US bonds and the opening of Chinese markets, continues today with pricing movements in the horizontal zone. If pricing movements in gold continue in this way, 2332 and 2350 can be followed as resistance levels. In possible withdrawals, 2315 and 2300 can be followed as short-term resistance levels. On behalf of Ounce Gold, $ 2277 can continue to be monitored as the critical threshold to be followed.

Resistances: 2332 / 2350 / 2360
Supports: 2315 / 2300 / 2290
 

XAGUSD Technical Analysis

Ons Silver, which saw $ 27.46 levels with the sharp rise it experienced yesterday, continued its upward movements towards $ 27.60 in the first hours of the new day, but was exposed to selling pressure and continues pricing movements in the negative zone in the morning hours. If downward movements continue in Ons Silver, 27.17 and 27.00 can be monitored as support levels. In case of possible recovery trends, 27.45 and 27.60 can be followed as resistance levels.

Resistances: 27.45 / 27.60 / 27.85
Supports: 27.17 / 27.00 / 26.85
 

EUR/USD Technical Analysis

The dollar index, which continued to depreciate after the data announced last week, spent the day in a downward trend yesterday. On the other hand, with the effect of the data announced in the Eurozone, the pair strengthened its short-term outlook and continued to push 1.0800 levels. Today, in the morning hours, a slightly sellers course is observed in the pair. For the pair, which continues pricing movements at the Fibonacci 38.2 level, 1.0740 and 1.0725 can be monitored as support levels. In upward movements, 1.0775 and 1.0795 can be followed as resistance levels.

Resistances:  1.0775 / 1.0795 / 1.0810
Supports: 1.0740 / 1.0725 / 1.0700
 

NAS100 Technical Analysis

The effect of the balance sheet period and signs of slowdown in macroeconomic indicators have been supporting the upward acceleration in Nasdaq for some time. The 18240 level can be monitored as a critical resistance point in the index futures contract, which followed a horizontal course in the morning hours today after yesterday's rise. In downward sags, the 17820 level can be followed as a point where reaction purchases can come.

Resistances: 18240 / 18490 / 18700
Supports: 18000 / 17920 / 17820
 

UKOIL Technical Analysis

With the decrease in geopolitical tensions, the weak outlook continues in UKOIL, which sags below its 200-day exponential average. For UKOIL, which has not been able to exceed the 200-day exponential average upwards despite the upward movements it has been trying for two days, weekly crude oil stocks and EIA Energy Outlook to be announced in the USA today may be effective in pricing movements. If downward movements in oil continue, 83.25 and 82.80 can be monitored as support levels. In upward movements, 83.75 with the 200-day exponential average and 84.15 with the fibo 50% level can be followed as resistance levels.

Resistances: 83.75 / 84.15 / 84.55
Supports: 83.25 / 82.80 / 82.50

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.40% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.