Technical Analysis

Daily Technical analysis for May 28, 2020

Daily Technical analysis for May 28

EURUSD

The EURUSD is moving to the upside on the hourly interval, where the price is likely to rise to the 1.1100 price level during the coming hours.

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 moving in the range of the bullish classic channel, and it is likely to head to the 1.2300 price level.

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 is facing a resistance at the level of 108.00, and it will possibly ascend to the 107.30 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.

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. after settling down below the price level of $35.00 a barrel.

Resistance 40.00 - 45.00 - 50.00

Support: 25.00 - 30.00 - 35.00

Trend: Bearish



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