Technical Analysis

Daily Technical analysis for February 17, 2021

Daily Technical analysis for February 17, 2021

EURUSD

The euro is moving against the US dollar in an upward direction on the hourly interval. We await the price to reach the level of 1.2060 to buy.

Resistance levels: 1.2200 - 1.2300 - 1.2400

Support levels: 1.1900 - 1.1800 - 1.1700 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. It is possible that the pair will fall to the level of 1.3800 before rising again.

Resistance: 1.4000 - 1.4100 - 1.4200

Support: 1.3600 - 1.3700 - 1.3800

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in an upward direction on the hourly interval. The price is close to the upper boundary of the ascending classical channel, and it is likely that it will decline in a correction to the level of 105.00.

Resistance 105.00 - 106.00 - 107.00

Support: 103.50 - 102.00 - 101.00

Trend: Bullish

 

Gold

Gold is moving in a volatile direction on the hourly interval. It is likely that it will target the 1750 price level during the coming hours.

Resistance: 1860 - 1900 - 2000

Support: 1750 - 1700 - 1600

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in a volatile direction on the hourly interval. It is preferable to wait for oil to correct until the price level of $60.00 per barrel to buy.

Resistance: 65.00 - 66.00 - 67.00

Support: 56.00 - 57.00 - 58.00

Trend: Bullish


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