EUR/USD fell to a 20-year low on Tuesday, but momentum has turned positive, suggesting the bulls are now in control. If the wider downtrend continues, it might target 0.9950 or 0.9909. If the short-term rebound continues, it might hit 1.0045 or 1.0094.
This week, GBP/USD traded at a 17-month low, and if the bearish trend continues, it might target 1.1755 or 1.1716. RSI is moving higher, implying the price bias is to the upside. If the recovery continues, 1.1877 or 1.1895 might act as resistance.
USD/JPY retreated from its one-month high. If the uptrend continues, 137.23 or 137.61 might act as resistance. RSI is falling, suggesting the price bias is to the downside, a fall from here could see it find support at 135.80 or 135.63.
WTI hit a new three-week high, but positive momentum is fading, indicating the bulls are losing influence. If the wider rally continues, it might target 95.58 or 97.54. Should the market fall from here, it could find support at 94.25 or 93.63.
Gold has rebounded, RSI is rising, and momentum is positive, this speaks to bullish sentiment. If the rally continues, it might hit 1772 or 1782. A retreat from here could see it retest 1749, or target 1730.
Silver is recovering, momentum is positive, which suggests the bulls are in control. 19.42 or 19.56 might act as resistance. If the broader bearish trend continues, support might be found at 19.09 or 19.00
The S&P 500 fell to a 12-day low on Tuesday, and if the medium-term bearish trend continues, it might target 4130 or 4116. Positive momentum is increasing, and the RSI is rising, both suggest bullish sentiment, if the near-term rally continues, it might hit 4185 or 4200.
