Technical Analysis

Daily Technical analysis for March 26, 2020

Daily Technical analysis for March 26

EURUSD

The EURUSD is moving downwardly on the hourly interval inside a flag pattern. We should wait for a breakout to sell.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Bearish

 

GBPUSD

The GBPUSD pair is fluctuating on the one-hour timeframe, where the price is facing a resistance level of 1.1850 and it is likely that it will fall from these levels. 

Resistance 1.1850 - 1.1900 - 1.2050

Support: 1.1500 - 1.1400 - 1.1200

Direction: Volatile

 

USDJPY

The USDJPY pair is moving in an upside direction on the hourly interval. The price is currently targeting the level of 112.00, provided that it maintains the 110-support level. By breaking it, the direction changes to the downside.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bullish

 

Gold

Gold is in moving to the upside upward over the hourly interval, but the price may fall to 1560 levels to test the support line before going up again.

Resistance: 1650 - 1700 - 1750

Support 1560 - 1500 - 1400

Trend: Bullish

 

Oil

Oil is moving in an upside direction on the hourly interval after breaking the trend line. It is expected to rise to the price level of $30 a barrel, provided that 25 is breached and the price stabilizes above it.

Resistance 35.00 - 44.00 - 50.00

Support: 20.00 - 17.00 - 15.00

Trend: Bullish



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