Technical Analysis

Daily Technical analysis for June 11, 2020

Daily Technical analysis for June 11, 2020

EURUSD

The EURUSD is moving to the upside on the hourly interval, where the pair finds support level represented in the upward trend plan and it is possible to rise from these levels.

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 is touching the 1.2650 support line and it is likely to rise from it.

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bullish

 

USDJPY

The USDJPY pair is moving in a bearish direction on the one-hour timeframe after breaking the classical bullish channel. It is possible to see a rise until it retests the breached channel and then fall again.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bearish

 

Gold

Gold is moving downwardly over the hourly interval, where the price has reached the upper boundary of the descending classic channel, and it is possible that it will fall.

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. The price touches the support line of 40 and it is possible to rise from these levels.

Resistance 45.00 - 50.00 - 55.00

Support: 25.00 - 30.00 - 35.00

Trend: Bullish



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