Technical Analysis

Daily Technical analysis for September 10, 2020

Daily Technical analysis for September 10, 2020

EURUSD

The EURUSD is moving in a downward direction on the hourly interval. The price is retesting the broken classical channel, and it is likely to drop in the coming hours.

Resistance levels: 1.2000 - 1.2100 - 1.2200

Support levels: 1.1700 - 1.1600 - 1.1500  

Trend: Bearish

 

GBPUSD

The GBPUSD pair is moving in a downward direction on the hourly interval. it is possible to drop further from these levels as the price faces a strong resistance level.

Resistance 1.3500 - 1.3600 - 1.3700

Support: 1.2900 - 1.2800 - 1.2700

Direction: Bearish

 

USDJPY

The USDJPY pair is showing volatility on the hourly interval. The pair is moving in a triangle pattern, and we are waiting for it to be broken or breached before buying or selling.

Resistance 107.00- 108.00- 109.00

Support: 103.00 - 101.00 - 100.00

Trend: Volatile

 

Gold

Gold is moving in a downward direction on the hourly interval. We expect further fall during the coming hours, until the price level of 1885.

Resistance: 2100 - 2200 - 2300

Support 1850 - 1750 - 1700

Trend: Bearish

 

Oil

Oil (Brent crude) is moving in a bearish direction on the one-hour timeframe. it is likely to fall from the price level of 42.30 as it is a strong resistance level.

Resistance 50.00 - 55.00 - 60.00

Support: 35.00 - 30.00 - 28.00

Trend: Bearish



Share Article