Technical Analysis

Daily Technical analysis for December 10, 2019

Daily Technical analysis for December 10

EURUSD

The EURUSD pair rose yesterday nearly 40 points, forming an Inside bar candlestick on the daily timeframe, which would support the rise today to at least the level of 1.0950, awaiting its upside breach.

Resistance levels: 1.1055- 1.1095- 1.1175

Support levels are 1.0990-1.0880 - 1.0780

Trend: Bullish

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GBPUSD

The GBPUSD is moving upward on the hourly timeframe. We are waiting for the support line to be re-tested at 1.29650 to buy again, as the pair is close to the 1.3150 - 1.3160 ??resistance area.

Resistance: 1.3150 - 1.3200 - 1.3250

Support: 1.2760 - 1.2660 - 1.2550

Trend: Bullish

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USDJPY

The USDJPY is fluctuating over the hourly timeframe, as shown in the following image, where we should wait for the breakout of the triangle to buy or sell.

Resistance: 109.00 - 109.50 - 110.00

Support: 108.30 - 107.90 - 107.30

Trend: Volatile

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Gold

On the hourly interval, gold is moving in an upward direction, where the price is now close to the lower boundary of the descending classical channel. We are waiting for the formation of a suitable price behavior to buy and then we can target 1478 level.

Resistance: 1495 - 1515 - 1540

Support: 1445 - 1430 - 1420

Trend: Bullish