Technical Analysis

Daily Technical analysis for April 14, 2020

Daily Technical analysis for April 14

EURUSD

The EURUSD is moving in an upside direction on the hourly interval, where the price is likely to target 1.1000 levels.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving higher on the one-hour timeframe, and the price is likely to rise to the price level of 1.2730. 

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Volatile

 

USDJPY

The USDJPY pair is showing some volatility on the hourly interval, where the price is likely fall to a price level of 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, after breaching resistance at 1700. Therefore, it is possible to resume its rise targeting 1750.

Resistance: 1750 - 1800- 1850

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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