OnePro 12/28 Market report

【USDJPY】

Japan is going to join the ranks of space development. The Japanese prime minister announced that they will send the first Japanese to the moon within nine years. With China and the United States continuing to maintain an arms race, Japan which has always been friendly to the United States, also wants to show their determination to the world at the same time

USDJPY's technical analysis shows an Allligator golden cross and KD death cross. Even though the technical lines offset each other, there is still a recent rise in USDJPY. This means that the Japanese currency is depreciating relative to the US dollar. The strength of the short-term yen depreciation is still relatively strong.

USDJPY-H4

Resistance 1: 114.700 / Resistance 2: 115.520

Support 1: 113.150 / Support 2: 112.720 / Support 3: 112.520

【USOIL】

Saudi Energy Minister Abdulaziz bin Salman said the world will face a supply shortage of 30 million barrels per day by the end of the century. Knowing that Saudi Arabia is currently one of the largest oil producers in the world, this energy minister's speech has some importance. OPEC is expected to meet next week on the January 4th and crude oil investors will want to pay attention to it.

In terms of technical analysis, the Alligator golden cross and KD death cross are inconsistent in direction. The price of short-term crude oil is still high and did not break the bottom. This indicates that the short-term buying force is relatively strong. The direction should depend on whether the next resistance will continue to be broken

USOIL-H4

Resistance 1: 76.680 / Resistance 2: 78.420 / Resistance 3: 79.850

Support 1: 69.380 / Support 2: 66.300 / Support 3: 64.300

【BITCOIN】

The latest viewed news of these two days is that the price increase of second-hand cars is even higher than that of Bitcoin and that the recent global shortage of chips may be for half a year to a year. People who really have to buy a car may have to look for a second-hand car. Bitcoin has not moved much recently and had been oscillating up and down in the range of 47273 to 51937.

In terms of technical analysis, there is an Allligator death cross and KD death cross. This shows that the short-term selling momentum has downward support. On whether it will break the consolidation range or not, the key would be volume. With the recent US Christmas holiday, the trading volume has been affected.

Traders should take note that KD is not only showing a death cross or low-end figure. This represents a strong downward trend, and that the strength of support may not be enough.

BITCOIN-H4

Resistance 1: 51937.20 / Resistance 2: 53491.80 / Resistance 3: 55644.00

Support 1: 47273.50 / Support 2: 45479.80 / Support 3: 41773.00

【EURUSD】

Natural gas prices in Europe dropped as inflation in the eurozone remains severe in the near term. With 15 U.S. natural gas steamers loaded with liquefied natural gas arriving in Europe recently, 11 more expected in Honshu to address energy prices, inflation does not look like it will deteriorate in the short term.

Recently, EURUSD has been trading in a small range of shocks. The main reason is due to the low trading volume. At present, the technical analysis is affected by a month of consolidation and looking to prepare for a breakthrough. If investors are looking to trade during the festive period, it is recommended to narrow the position of entry and exit.

EURUSD-H4

Resistance 1: 1.13800 / Resistance 2: 1.14800 / Resistance 3: 1.15200

Support 1: 1.12500 / Support 2: 1.12200 / Support 3: 1.11800

OnePro Special Analyst

Buy or sell or copy trade at www.oneproglobal.com

The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

Forex and CFD trading may pose a risk to your invested capital.

Before making an investment decision, investors should consider their own circumstances to assess the risks of investment products. If necessary, consult a professional investment advisor.  

www.oneproglobal.com