Technical Analysis

Daily Technical analysis for November 27, 2020

Daily Technical analysis for November 27, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval. The pair is targeting the 1.2000 price level during the coming hours.

Resistance levels: 1900 - 1.2000 - 1.2100

Support levels: 1.1800 - 1.1700 - 1.1600 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. We await the breach of the resistance level 1.3400 to buy.

Resistance 1.3400 - 1.3500 - 1.3600

Support: 1.3100 - 1.3000 - 1.2900

Direction: Bullish

 

USDJPY

The USDJPY pair is moving upwardly on the hourly interval. The price targets 104.00 as a first target and 105.00 as a second target.

Resistance 106.00 - 107.00 -108.00

Support: 103.00 - 102.00 - 101.00

Trend: Bullish

 

Gold

Gold is moving in a bearish direction on the hourly interval. The price reached the support level at 1800, which we are waiting for its breakout to sell.

Resistance: 1950 - 2000 - 2100

Support 1800- 1750- 1700

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe. We await the price correction to the level of $47.00 a barrel to buy.

Resistance 50.00- 51.00- 52.00

Support: 45.00 - 42.00 - 40.00

Trend: Bullish



Share Article