Forex with SAHIL KHAN

Gold Analysis
Pivot 1958.00
Long positions above 1958.00 with targets at 1973.00 & 1980.00 in extension.
Alternative scenario
Below 1958.00 look for further downside with 1952.00 & 1948.00 as targets.

The RSI is bullish and calls for further upside.
Supports and resistances
1984.00 1980.00 1973.00
1967.89 Last
1958.00 1952.00 1948.00

GBPUSD Analysis
Pivot 1.3105
Short positions below 1.3105 with targets at 1.3050 & 1.3035 in extension.
Alternative scenario
Above 1.3105 look for further upside with 1.3130 & 1.3140 as targets.
The RSI shows downside momentum.
Supports and resistances
1.3140 1.3130 1.3105
1.3074 Last
1.3050 1.3035 1.3015

USD/CHF Analysis
Pivot 0.8565
Long positions above 0.8565 with targets at 0.8615 & 0.8630 in extension.
Alternative scenario
Below 0.8565 look for further downside with 0.8550 & 0.8535 as targets.
The RSI shows upside momentum.
Supports and resistances
0.8650 0.8630 0.8615
0.8585 Last
0.8565 0.8550 0.8535

USD/CAD Analysis
Pivot 1.3180
Long positions above 1.3180 with targets at 1.3250 & 1.3265 in extension.
Alternative scenario
Below 1.3180 look for further downside with 1.3160 & 1.3140 as targets.
The RSI shows upside momentum.

Supports and resistances
1.3290 1.3265 1.3250
1.3212 Last
1.3180 1.3160 1.3140

GBPJPY Analysis
Our pivot point stands at 181.43.
Our preference
The downside prevails as long as 181.43 is resistance.
Alternative scenario
The upside breakout of 181.43, would call for 182.06 and 182.44.

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 181.30 and 181.58). Finally, the GBP/JPY has penetrated its lower Bollinger band (180.90).

Supports and resistances
182.44 ** 182.06 * 181.43 ** 181.18
180.82 last
180.05 179.67 ** 179.29 * 178.91 **

Pivot 138.45
Our preference
Long positions above 138.45 with targets at 139.45 & 139.75 in extension.
Alternative scenario
Below 138.45 look for further downside with 138.00 & 137.65 as targets.

The RSI shows upside momentum.
Supports and resistances
140.15 139.75 139.45

139.14 Last
138.45 138.00 137.65

Pivot 1.3110

Our preference
Short positions below 1.3110 with targets at 1.3050 & 1.3020 in extension.
Alternative scenario
Above 1.3110 look for further upside with 1.3125 & 1.3145 as targets.

The RSI shows downside momentum.
Supports and resistances
1.3145 1.3125 1.3110
1.3073 Last
1.3050 1.3020 1.2980

Pivot1.3175

Our preference

Long positions above 1.3175 with targets at 1.3235 & 1.3255 in extension.

Alternative scenario

Below 1.3175 look for further downside with 1.3145 & 1.3105 as targets.

The RSI lacks downward momentum.
Supports and resistances
1.3290 1.3255 1.3235

1.3189 Last
1.3175 1.3145 1.3105

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Pivot 75.15

Our preference
Long positions above 75.15 with targets at 76.80 & 77.20 in extension.
Alternative scenario
Below 75.15 look for further downside with 74.65 & 74.15 as targets.
Comment
The RSI is mixed with a bullish bias.
Supports and resistances
77.70
77.20
76.80
76.04 Last
75.15
74.65
74.15

Pivot 1950.00
Our preference
Long positions above 1950.00 with targets at 1972.00 & 1980.00 in extension.
Alternative scenario
Below 1950.00 look for further downside with 1944.00 & 1938.00 as targets.
Comment
The RSI lacks downward momentum.
Supports and resistances
1988.00
1980.00
1972.00

1960.49 Last
1950.00
1944.00
1938.00

Our pivot point stands at 180.38.
Our preference
The upside prevails as long as 180.38 is support.
Alternative scenario
The downside breakout of 180.38 would call for 179.74 and 179.36.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 180.34 and 180.10).

Supports and resistances
182.95 **
182.57 *
182.19 **
181.81

180.95 last
180.63
180.38 **
179.74 *
179.36 **

Pivot

1.3000

Our preference

Long positions above 1.3000 with targets at 1.3090 & 1.3130 in extension.

Alternative scenario

Below 1.3000 look for further downside with 1.2970 & 1.2940 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

1.3185

1.3130

1.3090

1.3066 Last

1.3000

1.2970

1.2940

Today important data
CHF - Policy Rate
USD - FOMC Waller speak
GBP - Monetry Policy
USD - Inemployment data
USD - Fed Chair testifies
USD - Existing home sales

Gold Price Forecast: XAU/USD looks vulnerable above $1,930 US yields seem well-supported

USD/JPY hovers around cycle high on low volume session

GBP/USD Forecast: Pound Sterling could correct lower in case 1.2800 stays intact
Analysis

Silver Price Forecast: XAG/USD eyes a confident break above $24.00 as USD Index retreats

USD/JPY is testing resistance at 141.21. Above,
there is resistance at 141.97
There is support at 140.29 and 139.53

Today Forex newses schedule

Lower CPI, higher change for a pause on Fed.
XAUUSD tested 100 DMA on US CPI

*GBP/USD rises above 1.2550 after UK employment data*
Acoording to (RSI) inh4 chart 1.2600 is immeditate resistance
In case GBP/USD rises above 1.2600 and confirms that level as support, next bullish target could be set at 1.2650 (static level, beginning point of the downtrend).
GBP/USD took advantage of the broad US Dollar (USD) weakness on Monday and climbed to its highest level in a month above 1.2590. The pair faces next resistance at 1.2600 and the near-term technical outlook suggests that there could be a downward correction before the next leg higher.

Today high voltality expected bcz of CPI Numbers & England Gov Speak

WTI Price Analysis
Oil bears approach $68.30 Support within six-week-old traiangle