Technical Analysis

Daily Technical analysis for November 19, 2020

Daily Technical analysis for November 19, 2020

EURUSD

The EURUSD is moving in a volatile direction on the hourly interval. We are waiting for a break or breach of the rectangle pattern in which the movement is moving to buy or sell.

Resistance levels: 1900 - 1.2000 - 1.2100

Support levels: 1.1700 - 1.1600 - 1.1500 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval, where the price targets the 1.3300 level.

Resistance 1.3300 -1.3400 - 1.3500

Support: 1.3000 - 1.2900 - 1.2800

Direction: Bullish

 

USDJPY

The USDJPY pair is moving downwardly on the hourly interval. We are waiting for the breach of the support level of 104.00, for the pair to target 103.00.

Resistance 106.00 - 107.00 -108.00

Support: 103.00 - 102.00 - 101.00

Trend: Bearish

 

Gold

Gold is moving in a volatile direction on the hourly interval. we await the break or breach of the rectangle pattern to buy or sell.

Resistance: 1950 - 2000 - 2100

Support 1800- 1750- 1700

Trend: Volatile

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe. The price has broken the ascending classical channel, so we expect it to fall to the price level of $42.00 a barrel.

Resistance 45.00 - 47.00 - 48.00

Support: 40.00 - 38.00 - 37.00

Trend: Bearish



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