Technical Analysis

Daily Technical analysis for November 25, 2020

Daily Technical analysis for November 25, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval. The price has breached the upper boundary of the rectangle pattern, and we are waiting for stability above it to buy to the level of 1.2000.

Resistance levels: 1900 - 1.2000 - 1.2100

Support levels: 1.1800 - 1.1700 - 1.1600 

Trend: Volatile

 

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. We await the breach of the resistance level 1.3400 to buy.

Resistance 1.3400 - 1.3500 - 1.3600

Support: 1.3100 - 1.3000 - 1.2900

Direction: Bullish

 

USDJPY

The USDJPY pair is moving upwardly on the hourly interval. The price has breached the classical descending channel, and it is likely that it targets 105.00 in the coming hours.

Resistance 106.00 - 107.00 -108.00

Support: 103.00 - 102.00 - 101.00

Trend: Bullish

 

Gold

Gold is moving in a bearish direction on the hourly interval. The price reached the support level at 1800, which we are waiting for its breakout to sell.

Resistance: 1950 - 2000 - 2100

Support 1800- 1750- 1700

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in an upward direction on the one-hour timeframe. We await the price correction to the level of $47.00 a barrel to buy.

Resistance 50.00- 51.00- 52.00

Support: 45.00 - 42.00 - 40.00

Trend: Bullish



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