Technical Analysis

Daily Technical analysis for May 14, 2020

Daily Technical analysis for May 14, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval, where the price is now targeting the 1.1000 price level.

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 bearish direction on the hourly interval, where the pair targeting the price level of 1.2100.

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bearish

 

USDJPY

The USDJPY pair is moving in a down trend on the hourly interval after breaking the bearish trend line and targeting the 108.00 price level. The price is now retesting the breached downtrend line.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bullish

 

Gold

Gold is showing volatility over the hourly interval, Gold is facing a strong resistance level at 1713, as it represents the upper border of the triangle pattern and it is likely to fall from these levels.

Resistance: 1750 - 1800- 1850

Support 1560 - 1500 - 1400

Trend: Volatile

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe, where the price is targeting the price level 35.00.

Resistance 35.00 - 40.00 - 45.00

Support: 15.00 - 13.00 - 10.00

Trend: Bullish



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