Technical Analysis

Daily Technical analysis for January 25, 2021

Daily Technical analysis for January 25, 2021

EURUSD

The Euro is moving against the US dollar in a downward direction on the hourly interval. The pair is targeting the level of 1.2215 during the coming hours.

Resistance levels: 1.2215 - 1.2300 - 1.2400

Support levels: 1.2100 - 1.1200 - 1.1900 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval, where the pair targets the 1.3800 price level.

Resistance: 1.3700 - 1.3800 - 1.3900

Support: 1.3450 - 1.3400 - 1.3300

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in a downward direction on the hourly interval. The price touches the upper bound of the descending channel, and it is likely to fall in the coming hours.

Resistance 104.50 - 105.00 - 106.00

Support: 103.50 - 102.00 - 101.00

Trend: Bearish

 

Gold

Gold is moving in a sideway direction on the hourly interval. The price is below the upper boundary of the rectangle pattern, and we are waiting for it to break above to buy.

Resistance: 1860-1900- 2000

Support: 1800- 1750- 1700

Trend: Sideways

 

Oil

Oil (Brent crude) is moving in an upward direction on the hourly interval. The price is moving in a rectangular pattern, we are waiting for the upper bound to be broken to buy or break the lower to sell.

Resistance: 57.50 - 58.00 - 59.00

Support: 53.00 - 52.00 - 51.00

Trend: Sideways



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