Technical Analysis

Daily Technical analysis for November 13, 2020

Daily Technical analysis for November 13, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval. The pair is expected to rise to the level of 1.1950.

Resistance levels: 1900 - 1.2000 - 1.2100

Support levels: 1.1700 - 1.1600 - 1.1500 

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. The price is close to the lower bound of the ascending classical channel, so we expect it to rise.

Resistance 1.3200 - 1.3300 -1.3400

Support: 1.3000 - 1.2900 - 1.2800

Direction: Bullish

 

USDJPY

The USDJPY pair is moving downwardly on the hourly interval. The price touches the descending trend line, so we expect it to decline during the coming hours until the price level of 103.00.

Resistance 106.00 - 107.00 -108.00

Support: 103.00 - 102.00 - 101.00

Trend: Bearish

 

Gold

Gold is showing volatile movements on the hourly interval. We await the break or breach of the upper or lower boundary of the rectangle pattern for buying or selling.

Resistance: 1950 - 2000 - 2100

Support 1800- 1750- 1700

Trend: Volatile

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe. The price is close to the lower boundary of the ascending classical channel, so we expect it to rise to the level of 45.00.

Resistance 45.00 - 47.00 - 48.00

Support: 40.00 - 38.00 - 37.00

Trend: Bullish



Share Article