Technical Analysis

Daily Technical analysis for April 29, 2020

Daily Technical analysis for April 29, 2020

EURUSD

The EURUSD is moving in a downside direction on the hourly interval, where the price is likely to target 1.0700.

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 moving in a down trend on the hourly interval, where the price has breached the rectangle pattern and it is expected to target the 105.00 price level.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bearish

 

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. The price has fallen from resistance at $21.00 and it is likely to target the level of $15.00.

Resistance 25.00 - 30.00 - 35.00

Support: 15.00 - 13.00 - 10.00

Trend: Bearish



Share Article