EUR/USD

Trend Theme:EUR/USD looks for higher ground above 1.06
Trend Review: EUR/USD chewed through chart paper between 1.0550 and 1.0600 levels on Tuesday, testing into the low side but staging a recovery to add a thin 0.14% on the day.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0622 * | 1.0650 ** | 1.0700 *** |
| 1.0573 | Support* | 1.0544 * | 1.0495 ** | 1.0467 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen struggles to lure buyers; USD/JPY climbs back closer to mid-154.00s
Trend Review:The Japanese Yen fails to capitalize on its modest intraday gains amid BoJ rate hike uncertainty. Reduced bets for aggressive Fed rate cuts revive the USD demand and lend support to USD/JPY. Intervention fears and geopolitical risks could help limit any further losses for the safe-haven JPY.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 155.23 * | 155.78 ** | 156.75 *** |
| 154.26 | Support* | 153.71 * | 152.74 ** | 152.19 *** |
Weekly forecast:

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WTI

Trend Theme:WTI holds steady below $69.50 amid mounting Russia-Ukraine tensions
Trend Review:West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday. The WTI price trades flat after Ukraine used US ATACMS missiles to strike Russian territory for the first time.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 69.88 * | 70.43 ** | 71.13 *** |
| 69.18 | Support* | 68.64 * | 67.93 ** | 67.39 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold stays firm amid geopolitical concerns, nears $2,650
Trend Review:Gold price holds comfortably above $2,600, nearing $2,650 early Wednesday. Escalating geopolitical tensions on latest developments surrounding the Russia-Ukraine conflict and the pullback seen in US yields help Gold price hold its ground.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2645.52 * | 2657.27 ** | 2675.08 *** |
| 2627.71 | Support* | 2615.96 * | 2598.15 ** | 2586.40 *** |
Weekly forecast:

