Technical Analysis

Daily Technical analysis for April 13, 2020

Daily Technical analysis for April 13, 2020

EURUSD

The EURUSD is moving in a volatile direction on the hourly interval, where the price is likely to target 1.0750 levels.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Volatile

 

GBPUSD

The GBPUSD pair is showing volatile movements on the one-hour timeframe. The price is likely to fall to the price level of 1.2170. 

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Volatile

 

USDJPY

The USDJPY pair is moving in a bearish direction on the hourly interval. The price may fall to 107.00.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bearish

 

Gold

Gold is in moving to the upside upward over the hourly interval, but it faces It faces resistance at 1700. Therefore, it is possible to witness a downside correction during the coming hours.

Resistance: 1700 - 1750 - 1800

Support 1560 - 1500 - 1400

Trend: Bullish

 

Oil

Oil is moving in a bearish direction on the hourly interval, and it is possible that oil will drop to a price level of $22.00 a barrel during the coming hours..

Resistance 35.00 - 44.00 - 50.00

Support: 20.00 - 17.00 - 15.00

Trend: Bearish



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