Technical Analysis

Daily Technical analysis for April 22, 2020

Daily Technical analysis for April 22, 2020

EURUSD

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

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Bearish

 

GBPUSD

The GBPUSD pair is moving lower on the one-hour timeframe, and it is likely that it will fall to the level of 1.2100. 

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bearish

 

USDJPY

The USDJPY pair is showing some volatility on the hourly interval, where the price now touches the bottom border of the rectangle pattern and is likely to rise to the 109.50 price level.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Volatile

 

Gold

Gold is in moving to the downside over the hourly interval. If the price stabilizes below the 1700 level, it is likely that it will target 1650.

Resistance: 1750 - 1800- 1850

Support 1560 - 1500 - 1400

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in a downward direction on the one-hour timeframe, but it may find strong support at the 15.00 price level.

Resistance 20.00 - 25.00 - 30.00

Support: 15.00 - 13.00 - 10.00

Trend: Bearish



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