Technical Analysis

Daily Technical analysis for April 30, 2020

Daily Technical analysis for April 30

EURUSD

The EURUSD is moving in an upward direction on the hourly interval, where the price is likely to target 1.0930.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Bullish

 

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 is facing resistance at 25.00 and it is likely to continue its decline during the coming hours.

Resistance 25.00 - 30.00 - 35.00

Support: 15.00 - 13.00 - 10.00

Trend: Bearish



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