CFI Group English

EUR/USD intraday: under pressure. Pivot: 1.1430 Our preference: short positions below 1.1430 with targets at 1.1375 & 1.1360 in extension. Alternative scenario: above 1.1430 look for further upside with 1.1445 & 1.1455 as targets. Comment: as long as 1.1430 is resistance, look for choppy price action with a bearish bias. Supports and resistances: 1.1455 1.1445 1.1430 1.1405 Last 1.1375 1.1360 1.1346 https://charts.tradingcentral.com/charts/74_20260708133153.gif

EUR/USD intraday: the downside prevails. Pivot: 1.1430 Our preference: short positions below 1.1430 with targets at 1.1375 & 1.1360 in extension. Alternative scenario: above 1.1430 look for further upside with 1.1445 & 1.1455 as targets. Comment: the RSI is bearish and calls for further downside. Supports and resistances: 1.1455 1.1445 1.1430 1.1405 Last 1.1375 1.1360 1.1346 https://charts.tradingcentral.com/charts/74_20260708121348.gif

Gold intraday : the RSI is oversold Our pivot point is at 4,115. Our preference: the downside prevails as long as 4,115 is resistance Alternative scenario: above 4,115, look for 4,145 and 4,163. Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4,113 and 4,126). Finally, the Gold is trading below its lower Bollinger band (standing at 4,078). Supports and resistances: 4,163 ** 4,145 * 4,115 ** 4,103 4,057 last 4,017 4,000 ** 3,982 * 3,964 ** https://charts.tradingcentral.com/charts/169_20260708090718.gif

Crude Oil (WTI) (Q6) intraday: further advance. Pivot: 72.90 Our preference: long positions above 72.90 with targets at 75.15 & 76.00 in extension. Alternative scenario: below 72.90 look for further downside with 71.80 & 71.25 as targets. Comment: the immediate trend remains up and the momentum is strong. Supports and resistances: 76.90 ** 76.00 ** 75.15 * 74.49 Last 72.90 *** 71.80 ** 71.25 ** https://charts.tradingcentral.com/charts/174_20260708110043.gif

EUR/USD intraday : as long as 1.1446 is resistance look for 1.1360 Our pivot point is at 1.1446. Our preference: as long as 1.1446 is resistance look for 1.1360 Alternative scenario: above 1.1446, look for 1.1469 and 1.1483. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (1.1413) but below its 50 period moving average (1.1420). Supports and resistances: 1.1483 ** 1.1469 * 1.1446 ** 1.1437 1.1414 last 1.1374 1.1360 ** 1.1346 * 1.1333 ** https://charts.tradingcentral.com/charts/74_20260708085816.gif

Gold intraday: choppy. Pivot: 4135 Our preference: short positions below 4135 with targets at 4095 & 4075 in extension. Alternative scenario: above 4135 look for further upside with 4165 & 4185 as targets. Comment: as long as 4135 is resistance, look for choppy price action with a bearish bias. Supports and resistances: 4185 ** 4165 ** 4135 *** 4121 Last 4095 ** 4075 ** 4055 ** https://charts.tradingcentral.com/charts/169_20260708091238.gif

Economic Calendar 08/07/2026

📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals!

5 Things to Know – July 8, 2026 📈 Chinese chip stocks rallied after reports that Apple is seeking a domestic memory supplier. The move reflects growing support for local semiconductor players and shifting supply chain strategies. This suggests the sector may see continued momentum, with markets watching further developments. 📉 South Korea’s Kospi is approaching bear market territory as losses in Samsung shares deepen. The decline reflects sustained pressure on major tech names following recent weakness. This suggests sentiment remains fragile, with investors cautious toward the sector. 🛢️ Oil prices surged after fresh attacks raised concerns over shipping routes and supply disruptions. The move reflects heightened geopolitical risk in energy markets. This suggests prices may remain elevated, with volatility tied to developments. 🥇 Gold prices held steady as markets balanced geopolitical risks with expectations around upcoming policy signals. The stability reflects cautious positioning among investors. This suggests prices may remain range-bound, with direction dependent on macro updates. 📊 New Zealand’s Official Cash Rate came in at 2.50%, matching expectations and above the previous 2.25%. The steady outcome reflects a continued focus on policy normalization. This suggests monetary policy remains on a tightening path, with markets watching future signals.

Gold intraday: aim @ 4120. Pivot: 4170 Our preference: short positions below 4170 with targets at 4120 & 4100 in extension. Alternative scenario: above 4170 look for further upside with 4185 & 4200 as targets. Comment: the RSI is below its neutrality area at 50% Supports and resistances: 4200 ** 4185 ** 4170 *** 4139 Last 4120 ** 4100 ** 4075 ** https://charts.tradingcentral.com/charts/169_20260707180427.gif

Crude Oil (WTI) (Q6) intraday: target 71.25. Pivot: 69.40 Our preference: long positions above 69.40 with targets at 71.25 & 71.80 in extension. Alternative scenario: below 69.40 look for further downside with 68.90 & 68.55 as targets. Comment: the next resistances are at 71.25 and then at 71.80. Supports and resistances: 72.30 ** 71.80 ** 71.25 *** 70.54 Last 69.40 *** 68.90 ** 68.55 ** https://charts.tradingcentral.com/charts/174_20260707180641.gif

EUR/USD intraday : the downside prevails as long as 1.1453 is resistance Our pivot point is at 1.1453. Our preference: the downside prevails as long as 1.1453 is resistance Alternative scenario: above 1.1453, look for 1.1476 and 1.1490. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1431 and 1.1435). Supports and resistances: 1.1490 ** 1.1476 * 1.1453 ** 1.1444 1.1429 last 1.1398 1.1384 ** 1.1370 * 1.1357 ** https://charts.tradingcentral.com/charts/74_20260707154523.gif

Crude Oil (WTI) (Q6) intraday: turning up. Pivot: 69.40 Our preference: long positions above 69.40 with targets at 70.65 & 71.25 in extension. Alternative scenario: below 69.40 look for further downside with 68.90 & 68.55 as targets. Comment: the next resistances are at 70.65 and then at 71.25. Supports and resistances: 71.80 ** 71.25 * 70.65 ** 70.17 Last 69.40 *** 68.90 ** 68.55 ** https://charts.tradingcentral.com/charts/174_20260707164620.gif

Gold intraday: turning down. Pivot: 4170 Our preference: short positions below 4170 with targets at 4138 & 4120 in extension. Alternative scenario: above 4170 look for further upside with 4185 & 4200 as targets. Comment: the upward potential is likely to be limited by the resistance at 4170. Supports and resistances: 4200 ** 4185 ** 4170 *** 4150 Last 4138 ** 4120 ** 4105 ** https://charts.tradingcentral.com/charts/169_20260707164030.gif

EUR/USD intraday: rebound expected. Pivot: 1.1420 Our preference: long positions above 1.1420 with targets at 1.1455 & 1.1470 in extension. Alternative scenario: below 1.1420 look for further downside with 1.1410 & 1.1395 as targets. Comment: the RSI calls for a rebound. Supports and resistances: 1.1485 ** 1.1470 * 1.1455 ** 1.1432 Last 1.1420 *** 1.1410 ** 1.1395 ** https://charts.tradingcentral.com/charts/74_20260707125652.gif

EUR/USD intraday: intraday support around 1.1425. Pivot: 1.1425 Our preference: long positions above 1.1425 with targets at 1.1455 & 1.1470 in extension. Alternative scenario: below 1.1425 look for further downside with 1.1410 & 1.1395 as targets. Comment: a support base at 1.1425 has formed and has allowed for a temporary stabilisation. Supports and resistances: 1.1485 ** 1.1470 * 1.1455 ** 1.1431 Last 1.1425 *** 1.1410 ** 1.1395 ** https://charts.tradingcentral.com/charts/74_20260707105655.gif

Gold intraday: under pressure. Pivot: 4165 Our preference: short positions below 4165 with targets at 4105 & 4075 in extension. Alternative scenario: above 4165 look for further upside with 4185 & 4200 as targets. Comment: as long as the resistance at 4165 is not surpassed, the risk of the break below 4105 remains high. Supports and resistances: 4200 ** 4185 ** 4165 *** 4129 Last 4105 ** 4075 ** 4047 ** https://charts.tradingcentral.com/charts/169_20260707111505.gif

Crude Oil (WTI) (Q6) intraday: further upside. Pivot: 68.55 Our preference: long positions above 68.55 with targets at 70.15 & 70.65 in extension. Alternative scenario: below 68.55 look for further downside with 68.15 & 67.85 as targets. Comment: the RSI advocates for further advance. Supports and resistances: 71.25 ** 70.65 * 70.15 ** 69.29 Last 68.55 *** 68.15 ** 67.85 ** https://charts.tradingcentral.com/charts/174_20260707111502.gif

Gold intraday: the downside prevails. Pivot: 4170 Our preference: short positions below 4170 with targets at 4105 & 4075 in extension. Alternative scenario: above 4170 look for further upside with 4200 & 4230 as targets. Comment: the RSI is bearish and calls for further downside. Supports and resistances: 4230 ** 4200 ** 4170 *** 4128 Last 4105 *** 4075 ** 4047 ** https://charts.tradingcentral.com/charts/169_20260707095140.gif