Pre US Open: Daily Technical Analysis
Monday, July 20, 2026
Monday, July 20, 2026
Get the latest technical market scenarios from Trading Central ahead of the US trading session. This update highlights key intraday levels, preferred scenarios and alternative price movements across major forex pairs, commodities, indices and Apple.
Markets covered: EUR/USD, WTI Oil, Gold, USD/CAD, GBP/USD, USD/JPY, AUD/USD, Dow Jones CME and Apple.
Please note: markets can move quickly. Some key levels may already have been reached, and certain scenarios may already have played out by the time this analysis is reviewed.
Markets covered: EUR/USD, WTI Oil, Gold, USD/CAD, GBP/USD, USD/JPY, AUD/USD, Dow Jones CME and Apple.
Please note: markets can move quickly. Some key levels may already have been reached, and certain scenarios may already have played out by the time this analysis is reviewed.
Technical Analysis Summary
Market Comments
EUR/USD keeps a bullish bias while trading above the 1.1420 pivot level. RSI is mixed but slightly tilted to the upside.
WTI Oil remains cautiously positive above 80.50. A period of consolidation is possible, but it is expected to remain limited while the price holds above the pivot.
Gold continues to show a bullish structure above 3990. The next resistance levels are located at 4028 and 4043.
USD/CAD remains under pressure while 1.4030 acts as key resistance. Even if a short-term rebound occurs, upside potential may remain limited.
GBP/USD maintains a positive structure above 1.3430. RSI is positively oriented, supporting the possibility of further upside movement.
USD/JPY remains exposed to downside risk below 162.55. As long as this level acts as resistance, the pair stays fragile with a bearish short-term bias.
AUD/USD shows further upside potential while holding above 0.6975. RSI remains bullish, supporting the positive intraday outlook.
Dow Jones CME has no clear trend while trading below 52610. As long as this level remains resistance, price action stays fragile and downside risk remains active.
Apple keeps a bullish bias while 328.59 remains support. RSI is above the neutral 50 level, while MACD is positive but below its signal line, suggesting that a short-term correction is still possible. The stock is trading above its 20-day and 50-day moving averages.
WTI Oil remains cautiously positive above 80.50. A period of consolidation is possible, but it is expected to remain limited while the price holds above the pivot.
Gold continues to show a bullish structure above 3990. The next resistance levels are located at 4028 and 4043.
USD/CAD remains under pressure while 1.4030 acts as key resistance. Even if a short-term rebound occurs, upside potential may remain limited.
GBP/USD maintains a positive structure above 1.3430. RSI is positively oriented, supporting the possibility of further upside movement.
USD/JPY remains exposed to downside risk below 162.55. As long as this level acts as resistance, the pair stays fragile with a bearish short-term bias.
AUD/USD shows further upside potential while holding above 0.6975. RSI remains bullish, supporting the positive intraday outlook.
Dow Jones CME has no clear trend while trading below 52610. As long as this level remains resistance, price action stays fragile and downside risk remains active.
Apple keeps a bullish bias while 328.59 remains support. RSI is above the neutral 50 level, while MACD is positive but below its signal line, suggesting that a short-term correction is still possible. The stock is trading above its 20-day and 50-day moving averages.
Risk Warning
This content is provided for informational purposes only and does not constitute investment advice, a personal recommendation or an offer to buy or sell any financial instrument. Trading CFDs and other leveraged products involves significant risk and may not be suitable for all investors. Market conditions can change quickly, and past price behaviour does not guarantee future results.
