Technical Analysis

Daily Technical analysis for June 18, 2020

Daily Technical analysis for June 18, 2020

EURUSD

The EURUSD is moving to the upside on the hourly interval. We expect more upside towards 1.1400 price level.

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 and is likely to continue the rise up to the 1.2700 price level.

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 that the price will drop from these levels until 105.00.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bearish

 

Gold

Gold is moving upwardly over the hourly interval and is likely to rise to the level of 1760.

Resistance: 1800-1850 - 1900

Support 1650 - 1600 - 1550

Trend: Bullish

 

Oil

Oil (Brent crude) is moving in a bearish direction on the one-hour timeframe, where the price is targeting the price level of $35.00 a barrel.

Resistance 45.00 - 50.00 - 55.00

Support: 25.00 - 30.00 - 35.00

Trend: Bearish



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