Trading levels are crucial for successful trading in the forex and commodities markets. In this video, we will discuss key trading levels for some major currency pairs and assets, including AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, as well as other currencies, Gold, and the S&P 500.
Starting with AUD/JPY, the currency pair has been trading within a range between the key levels of 81.50 and 83.00. Traders should look for potential buy opportunities near the support level of 81.50 and sell opportunities near the resistance level of 83.00.
Next, the AUD/USD pair has been consolidating between the levels of 0.7300 and 0.7500. Traders can consider buying near the support level of 0.7300 and selling near the resistance level of 0.7500.
Moving on to EUR/JPY, the currency pair has been trading within a range of 129.00 and 131.00. Traders can look for buy opportunities near the support level of 129.00 and sell opportunities near the resistance level of 131.00.
For EUR/USD, the pair has been fluctuating between the levels of 1.1700 and 1.1900. Traders should consider buying near the support level of 1.1700 and selling near the resistance level of 1.1900.
In addition to these currency pairs, traders should also keep an eye on other currencies, such as the GBP/USD, USD/JPY, and USD/CAD, for potential trading opportunities.
When it comes to commodities, Gold has been trading between the key levels of $1,800 and $1,850. Traders can look for buy opportunities near the support level of $1,800 and sell opportunities near the resistance level of $1,850.
Finally, the S&P 500 index has been hovering between the levels of 4,200 and 4,300. Traders should consider buying near the support level of 4,200 and selling near the resistance level of 4,300.
By keeping an eye on these key trading levels and using technical analysis, traders can make informed decisions and increase their chances of success in the forex and commodities markets. Watch the video for a more in-depth analysis of these trading levels and potential trading opportunities.