Technical Analysis

Daily Technical analysis for November 23, 2020

Daily Technical analysis for November 23, 2020

EURUSD

The EURUSD is moving in a volatile direction on the hourly interval. We are waiting for a break or breach of the rectangle pattern in which the movement is moving to buy or sell.

Resistance levels: 1900 - 1.2000 - 1.2100

Support levels: 1.1700 - 1.1600 - 1.1500 

Trend: Volatile

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. If the price stabilizes above the level of 1.3310, it will target the 1.3400 level.

Resistance 1.3400 - 1.3500 - 1.3600

Support: 1.3000 - 1.2900 - 1.2800

Direction: Bullish

 

USDJPY

The USDJPY pair is moving downwardly on the hourly interval. The price broke the 104.00 level and targets the 103.00 price level during the next hours.

Resistance 106.00 - 107.00 -108.00

Support: 103.00 - 102.00 - 101.00

Trend: Bearish

 

Gold

Gold is moving in a volatile direction on the hourly interval. we await the break or breach of the rectangle pattern to buy or sell.

Resistance: 1950 - 2000 - 2100

Support 1800- 1750- 1700

Trend: Volatile

 

Oil

Oil (Brent crude) is moving in a volatile direction on the one-hour timeframe. The price is moving in a rectangular pattern, and we are waiting for its breakout to buy or sell.

Resistance 45.00 - 47.00 - 48.00

Support: 40.00 - 38.00 - 37.00

Trend: Volatile



Share Article