Technical Analysis

Daily Technical analysis for May 18, 2020

Daily Technical analysis for May 18, 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 an upside direction on the hourly interval after breaking the bearish trend line and targeting the 108.00 price level.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Bullish

 

Gold

Gold is moving upwardly over the hourly interval, where it is facing resistance at the price level of 1800 and it is likely to fall from it.

Resistance: 1800-1850 - 1900

Support 1700 - 1650 - 1600

Trend: Bullish

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe, where the price is facing a resistance at the price level of $35.0 and it is likely to fall from it.

Resistance 35.00 - 40.00 - 45.00

Support: 15.00 - 13.00 - 10.00

Trend: Bullish



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