Technical Analysis

Daily Technical analysis for October 13, 2020

Daily Technical analysis for October 13, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval. It is likely that the pair will continue to rise up to the level of 1.2000.

Resistance levels: 1.2000 - 1.2100 - 1.2200

Support levels: 1.1600 - 1.1500 - 1.1400  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in a downward direction on the hourly interval. The pair breached the resistance level 1.3000 and is likely to rise to the price level of 1.3100.

Resistance 1.3500 - 1.3600 - 1.3700

Support: 1.2750 - 1.2600 - 1.2500

Direction: Bearish

 

USDJPY

The USDJPY pair is moving downwardly on the hourly interval. The pair is moving up from the ascending trend line, and it is likely to rise in the coming hours.

Resistance 107.00- 108.00- 109.00

Support: 103.00 - 101.00 - 100.00

Trend: Bearish

 

Gold

Gold is moving in a downward direction on the hourly interval. The pair is facing the upper bound of the descending channel, and it is likely that it will fall to the level of 1865.00.

Resistance: 2100 - 2200 - 2300

Support 1850 - 1750 - 1700

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in a bullish direction on the one-hour timeframe. The price retests the breached line, and it is likely to rise to the 44.00 price level.

Resistance 50.00 - 55.00 - 60.00

Support: 35.00 - 30.00 - 28.00

Trend: Bullish



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