EUR/USD fell to a one-month low, and if the price decline continues, it might find support at 1.0000 or 0.9951. RSI is in overbought territory so that could be a warning a change in trend is in the offing. A rebound could see it hit 1.0088 or 1.0202
GBP/USD is under pressure, it fell to a one-month low, and if the bearish trend continues, it might target 1.1803 or 1.1759. RSI is in overbought territory so we might see a rebound, a rally from here might run into resistance at 1.1949 or 1.2052.
Silver has dropped to its lowest mark since late July and negative momentum is increasing, and that indicates the bears are in control. If the downtrend continues, 18.64 or 18.31 could act as support. A rebound might target 20.12 or 20.37.
Gold fell to a three-week low and momentum is in negative territory, implying the sellers are in control. If the sell off continues, it might target 1736 or 1719. If the metal rallies from here, it could retest 1775, and a break above that level could bring 1792 into play.
On Tuesday, The S&P 500 hit its highest level in over three months. Should the broader bullish move continue, it could retest 4274 or 4300. RSI is moving lower, and momentum is negative, indicating the sellers are in control. A fall could see it target 4200 or 4218.
USD/JPY jumped to a three week high, and the MACD indicator shows that positive momentum is increasing, implying the bulls are dominant. 137.45 or 137.94 might act as resistance. A fall from here could see it find support at 135.63 or 134.64.
WTI is trending lower, and if the wider bearish move continues, 85.37 or 83.33 could act as support. RSI is falling, and positive momentum is fading, both speak to bearish sentiment. A snapback might target 90.97 or 92.16.
