Technical Analysis

Daily Technical analysis for June 3, 2020

Daily Technical analysis for June 3, 2020

EURUSD

The EURUSD is moving to the upside on the hourly interval, where the price may face a resistance level at 1.1200 and therefore it is possible to correct until 1.1100.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction. The price is facing a resistance level at 1.2650, so we expect to correct until the price level of 1.2500 before rising again.

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, where the price is targeting the 109.00 price level.

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 is targeting 1660 price level.

Resistance: 1800-1850 - 1900

Support 1700 - 1650 - 1600

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe, but it faces a resistance level at $40.00 a barrel, so we expect it to fall to the price level of 35.00 before going up.

Resistance 40.00 - 45.00 - 50.00

Support: 25.00 - 30.00 - 35.00

Trend: Bullish



Share Article