EUR/USD hit a three-week high yesterday, and the RSI is moving higher, indicating the price bias is to the upside. Resistance might be encountered at 1.0197 or 1.0251. Positive momentum is fading, and that could be a sign a change in trend is in the offing. 1.0103 or 1.0059 might act as support.
GBP/USD is trending higher, and RSI is rising too, that speaks to bullish sentiment. If the uptrend continues, resistance might be found at 1.1759 or 1.1800. Positive momentum is falling, and that could be a sign a change in trend is on the horizon. If the wider bearish trend continues, it might find support at 1.1662 or 1.1600.
USD/JPY has pulled back from the 24-year high posted last week. RSI is falling and momentum is negative, both speak to bearish sentiment. Further declines from here could see it target 141.49 or 141.00. Should the long-term uptrend resume, it could hit 143.13 or 144.00.
The S&P 500 hit a new two-week high, and if the short-term rally continues, it might target 4197 or 4205. Positive momentum is fading, and the RSI is in overbought territory, this could be a sign a pullback is on the horizon. 4096 or 4086 could act as support should the market drop.
WTI is trending higher, and momentum is in positive territory, implying the bulls are in control. If the uptrend continues, 89.00 or 90.00 could act as resistance. Last Friday, WTI fell to an eight-month low, and if the broader bearish move continues, it might hit 86.76 or 84.78.
Gold is rallying, the MACD indicator shows us that momentum is positive, suggesting the buyers are dominating. Resistance might be found at 1732 or 1737. RSI is close to being overbought, so that might be a sign the rally is overstretched. A drop from here could see it fall to 1718 or 1700.
Silver hit a three-week high yesterday, and if the bullish run continues, it might target 20.00 or 20.26. RSI is in overbought territory, and this could be a sign a change in trend is on the horizon. A fall from here could see it target 19.51 or 19.16.