Technical Analysis

Daily Technical analysis for April 6, 2020

Daily Technical analysis for April 6, 2020

EURUSD

The EURUSD is moving in a bearish direction on the hourly interval. The price is likely to target 1.0750 levels in the coming hours.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Volatile

 

GBPUSD

The GBPUSD pair is moving upwardly on the one-hour timeframe, where the price will likely fall to 1.1850 price level. 

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bearish

 

USDJPY

The USDJPY pair is moving in a bearish direction on the hourly interval. The price will likely find resistance at 110.00 and target the price level of 105.00.

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. It is possible that gold will rise to the 1680 price level during this week's trading.

Resistance: 1650 - 1700 - 1750

Support 1560 - 1500 - 1400

Trend: Bullish

 

Oil

Oil is moving in a bullish direction on the hourly interval. Oil is expected to reach a price level of $30.00 a barrel during this week.

Resistance 35.00 - 44.00 - 50.00

Support: 20.00 - 17.00 - 15.00

Trend: Bullish



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