Technical Analysis

Daily Technical analysis for May 27, 2020

Daily Technical analysis for May 27, 2020

EURUSD

The EURUSD is showing volatility on the hourly interval, where the price the pair is facing the upper border of the triangle pattern and we expect it to drop in the coming hours.

Resistance levels: 1.1100 - 1.1300 - 1.1500

Support levels: 1.0700 - 1.0600 - 1.0500  

Trend: Volatile

 

GBPUSD

The GBPUSD pair is moving in an upward direction, as the price rose strongly after retesting the channel. We expect more bullishness to the level of 1.2400.

Resistance 1.2250 - 1.2500 - 1.2700

Support: 1.1500 - 1.1400 - 1.1200

Direction: Bullish

 

USDJPY

The USDJPY pair is showing volatility on the hourly interval. The price may find support at 107.30, and it is possible to soar to the 107.90 price level.

Resistance 112.00 - 115.00 - 117.00

Support: 105.30 - 101.00 - 100.00

Trend: Volatile

 

Gold

Gold is moving downwardly over the hourly interval, where it is targeting 1660 price level again.

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. If the price settles above the level of 35.00, it will target 40.00.

Resistance 40.00 - 45.00 - 50.00

Support: 25.00 - 30.00 - 35.00

Trend: Bullish



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