Technical Analysis

Daily Technical analysis for October 14, 2020

Daily Technical analysis for October 14, 2020

EURUSD

The EURUSD is moving in an upward direction on the hourly interval after breaking the upward trend line, where the pair may fall to the price level of 1.1700.

Resistance levels: 1.2000 - 1.2100 - 1.2200

Support levels: 1.1690 - 1.1600 - 1.1500  

Trend: Bullish

 

GBPUSD

The GBPUSD pair is moving in a downward direction on the hourly interval. The pair broke the uptrend line on the hourly interval, and it is likely to fall to the level of 1.2800.

Resistance 1.3000 - 1.3100 - 1.3200

Support: 1.2800 - 1.2700 - 1.2600

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 fall in the coming hours.

Resistance 106.00 - 107.00 - 108.00

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 support level represented by the ascending classical channel, and it may rise to the level of 1910 during the coming hours.

Resistance: 1900- 2000- 2100

Support 1850 - 1750 - 1700

Trend: Bullish

 

Oil

Oil (Brent crude) is moving in a bullish direction on the one-hour timeframe. The price may reach the 44.00 level.

Resistance 43.00 - 45.00 - 47.00

Support: 41.00 - 40.00 - 37.50

Trend: Bullish



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