Technical Analysis

Daily Technical analysis for July 23, 2020

Daily Technical analysis for July 23, 2020

EURUSD

The EURUSD is moving to the upside on the hourly interval. We expect more bullishness towards 1.1600 price level.

Resistance levels: 1.1600 - 1.1700 - 1.1800

Support levels: 1.1400 - 1.1300 - 1.1250  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in a bullish direction after breaching the resistance level at 1.2650, where the price is likely to target the 1.2750 price level.

Resistance 1.2750 - 1.2800 - 1.3000

Support: 1.2500 - 1.2400 - 1.2300

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in a volatile direction. We are waiting for a breakout to the rectangle to decide whether to buy or sell.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Volatile

 

Gold

Gold is moving in an upward direction on the hourly interval after breaching the resistance level 1810, where it is likely that it will target the 1900 level.

Resistance: 1900 - 1950 -2000

Support 1650 - 1600 - 1550

Trend: Bullish

 

Oil

Oil (Brent crude) is moving upwardly on the one-hour timeframe, where the price is the price is facing a resistance at the price level of $45.00 a barrel.

Resistance 50.00 - 55.00 - 60.00

Support: 25.00 - 30.00 - 35.00

Trend: Bullish


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