EUR/USD

Trend Theme:EUR/USD continues to grind out further losses
Trend Review: EUR/USD continued to drift into the basement on Wednesday, clipping into a 54-week low and settling within touch range of 1.0550. Fiber continues to shed weight on the charts as broader FX markets pivot full-bore into holding the Greenback.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 1.0626* | 1.0689** | 1.0724*** |
| 1.0591 | Support* | 1.0527* | 1.0492** | 1.0428*** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY stands firm near multi-month top, above mid-155.00s
Trend Review:USD/JPY holds steady near its highest level since July 24, above mid-155.00s during the Asian session on Thursday and seems poised to prolong its appreciating move. The continuation of the Trump trade lifts the USD to a fresh YTD high.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 155.03* | 156.47** | 157.32*** |
| 155.19 | Support* | 154.75* | 153.90** | 153.46*** |
Weekly forecast:

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WTI

Trend Theme:WTI recovers to near $68.00, stronger US Dollar might cap its gains
Trend Review:West Texas Intermediate, the US crude oil benchmark, is trading to around $67.90 on Thursday. The WTI price recovers slightly amid the surprise on crude oil draw. However, the stronger US Dollar broadly might cap its gains.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 68.80* | 69.70** | 70.70*** |
| 67.81 | Support* | 66.90* | 65.91** | 65.01*** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price remains vulnerable near its lowest level since September 19
Trend Review:Gold price enters a bearish consolidation following a four-day decline to a nearly two-month low amid oversold conditions on hourly charts. Any meaningful recovery, however, seems elusive amid the recent USD bullish run to a fresh YTD low, bolstered by expectations for US President-elect Donald Trump’s expansionary policies and elevated US bond yields.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 2604.24* | 2634.51** | 2650.08*** |
| 2588.67 | Support* | 2558.40* | 2542.83** | 2512.56*** |
Weekly forecast:

