Technical Analysis – Weekly Market Outlook 13 – 17 July 2020

CFD: S&P 500 Index

Looking at strong bullish trend and price moving towards upper line
High probability price to retest weekly upper line key level

Cryptocurrency: BTCUSD – BITCOIN

Price is strong above $9k and this week targeting to retest again on upper line resistance level

CFD: WTI – US Oil

Price is still strong above $40 and targeting to retest again on previous high
Expecting to move towards upper line

CFD: DXY – US Dollar Index

Looking towards weaker US Dollar and trend is still on consolidating between resistance & support key level
Target 95.78 support level

CFD: XAUUSD – SPOT GOLD

Price moving steady above $1,800 and still on uptrend channel
We are targeting price to hit upper line resistance on $1,833 by end of this week

FOREX: EURUSD

We are looking at bullish trend and price moving towards uptrend channel
Targeting price to hit next resistance level at upper line

FOREX: GBPUSD

Looking at bullish movement towards upper line and expecting to retest the previous high
Price will restest around median line before decide to head above or falls back to lower line

FOREX: AUDUSD

Looking at uptrend channel as price is on range
Targeting price to retest median resistance before heading above upper line

FOREX: USDJPY

We are looking at downtrend channel and price to move further below towards lower line
However range trading and might be high impact on BOJ rate this week

FOREX: USDCAD

Price currently around resistance upper line and we are still looking at range trading
High probability price to retest on support median before falls towards lower line