Technical Analysis

Daily Technical analysis for February 25, 2021

Daily Technical analysis for February 25, 2021

EURUSD

The euro is moving against the US dollar in an upward direction on the hourly interval. We should await the breach of the 1.2180 level to buy again.

Resistance levels: 1.2200 - 1.2300 - 1.2400

Support levels: 1.1900 - 1.1800 - 1.1700 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. It is possible that the pair will fall to the level of 1.3950 before rising again.

Resistance: 1.4100 - 1.4200 - 1.4300

Support: 1.3700 - 1.3800 - 1.3900

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in an upward direction on the hourly interval. If the price stabilizes above 105.50, then it targets the 106.50 price level.

Resistance 106.50 - 107.00 - 108.00

Support: 103.50 - 102.00 - 101.00

Trend: Bullish

 

Gold

Gold is moving in a volatile direction on the hourly interval. The price is close to the upper bound of the descending classical channel, and it is likely to fall within the next hours.

Resistance: 1860 - 1900 - 2000

Support: 1750 - 1700 - 1600

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in a downward direction on the hourly interval. The price is close to a psychological level of 67.50, so it is likely that oil will fall from it.

Resistance: 67.50 - 68.00 - 70.00

Support: 65.00 - 64.00 - 63.00

Trend: Bullish



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