Technical Analysis

Daily Technical analysis for June 10, 2020

Daily Technical analysis for June 10, 2020

EURUSD

The EURUSD is moving to the upside on the hourly interval, where the price rose after retesting the trend line and is likely to target the level of 1.1400 during the coming hours.

Resistance levels: 1.1350 - 1.1400 - 1.1500

Support levels: 1.1100 - 1.1200 - 1.1250  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction. The price has soared from the support represented in the bullish trend line, so we expect more rise towards 1.2800.

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in a bullish direction on the one-hour timeframe. The price fell strongly, as we expected yesterday, but it is still in an upward direction and it is possible to continue its rise in the coming hours.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bullish

 

Gold

Gold is moving downwardly over the hourly interval, where the price has reached a strong resistance level, which is likely to drop from it.

Resistance: 1800-1850 - 1900

Support 1650 - 1600 - 1550

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe after it breached the price level of $40.00. So, we expect more rise to the level of $45.00.

Resistance 45.00 - 50.00 - 55.00

Support: 25.00 - 30.00 - 35.00

Trend: Bullish


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