Daily Technical analysis for December 16, 2020
EURUSD
The EURUSD is moving in an upward direction on the hourly interval. The pair rose close to its first target 1.2170. The pair is currently trading below this resistance, and we expect that if the pair succeeds in breaking it, it will rise to 1.2220 – 1.2250, as long as it does not stabilize below 1.2050.
Resistance levels: 1.2170 – 1.2220 – 1.2300
Support levels: 1.2100 – 1.2000 – 1.1930
Trend: Bullish
GBPUSD
The GBPUSD pair is moving in an upward direction on the hourly interval, where the pair succeeded in climbing to the first target at 1.3400 and approached its second target. The pair is still trading inside the ascending channel, so the target of 1.3500 remains intact, and if it breaks, the next target will be 1.3600, on condition not trading below 1.3100.
Resistance 1.3400 – 1.3450 – 1.3500
Support: 1.3300 – 1.3250 – 1.3200
Direction: Bullish
USDJPY
The USDJPY pair is moving upwardly on the hourly interval. The pair rose, achieving its first target at 104.20, and we expect it to continue rising towards the upper bound of the sideways trend at 104.80, provided that price remains above 103.50: 103.90.
Resistance 103.90 – 104.20 -104.70
Support: 103.50 – 103.00 – 102.00
Trend: Sideways
Gold
Gold is moving in a sideway direction on the hourly interval. Gold rose from the support of 1820, recording $1840 in recent trading, where the break the support of $1820 may push the price to the downside, targeting between 1800 and 1760.
Resistance: 1840- 1860- 1880
Support 1820- 1800- 1760
Trend: Sideways
Oil
Oil (Brent crude) is moving in an upward direction on the one-hour timeframe, after oil’s success in maintaining trading above the aforementioned support zone, it rose in recent dealings, achieving its first target and approaching the second target at $ 52.00, and we expect the $52.00 target to remain in place. The next target is at $54.00, as long as it is trading above $47.00.
Resistance 52.00 – 54.00 – 56.00
Support: 50.00 – 48.00 – 47.00
Trend: Bullish
Source: Technical analysis
Comments (60)
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] There you can find 8532 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
a
a
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Here you can find 27671 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] There you will find 91644 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
Hello my family member! I want to say that this post is
amazing, great written and include approximately all important infos.
I’d like to peer more posts like this .
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Here you can find 31281 more Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
Link exchange is nothing else but it is only placing the other person’s weblog link on your page at appropriate place and other
person will also do similar for you.
Howdy I am so grateful I found your website, I really found
you by error, while I was looking on Google for something
else, Regardless I am here now and would just
like to say kudos for a tremendous post and a all round entertaining blog
(I also love the theme/design), I don’t
have time to browse it all at the minute but I have bookmarked it and also added your RSS feeds,
so when I have time I will be back to read a lot more,
Please do keep up the great work.
Hello just wanted to give you a brief heads up and let you know a few of the images aren’t loading properly.
I’m not sure why but I think its a linking issue.
I’ve tried it in two different web browsers and both show
the same outcome.
My family members always say that I am killing my time here at net, but I know I am getting knowledge all the time by reading such fastidious articles or reviews.
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
very satisfying in terms of information thank you very much.
There is definately a lot to find out about this subject. I like all the points you made
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others. Watch bbc.persian
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
very informative articles or reviews at this time.
I like the efforts you have put in this regards for all the great content.
Excellent article! We will be linking to this particularly great article on our website. <a href="http://adserver.millemedia.de/live/www/delivery/ck.php?ct=1
Metal residue reprocessing Aluminium scrap redistribution Scrap aluminium market outlook
Scrap metal facility, Aluminum cable regulations, Scrap metal trade negotiations
Scrap metal waste Aluminum transmission scrap High-quality aluminium scrap
Metal scrap yard services, Aluminum cable scrap recycling regulations, Metal recovery and recycling solutions
Non-ferrous metal recycling Scrap aluminium collection services Aluminum scrap collection points
Global metal commodity trade, Aluminum cable scrap export, Metal waste reconditioning
Sustainable metal recovery Scrap aluminium shearing Aluminium scrap containing
Recycling yard management, Aluminum cable separation, Sustainable metal recycling
Metal recycle yard Aluminum recycling plant Scrap aluminium supply chain
Metal waste resale, Aluminum electrical cable, Metal waste reclamation and reuse
Metal separation services Aluminium scrap environmental impact Aluminium recycling technology advancements
Scrap metal material handling, Aluminum wire cable, Metal waste packaging
Scrap metal reclamation facility Metal reclaiming and utilization center Iron scrapyard services
Ferrous material transportation vehicles, Iron scrap remolding, Metal reclaiming and repurposing
Scrap metal recovery strategies Ferrous material recovery and recycling Iron waste
Ferrous waste recycling technology, Iron recycling methodologies, Industrial metal recycling
Scrap metal recovery and processing Ferrous metal recycling sector Iron waste disposal solutions
Ferrous material, Iron waste reusing, Recycling process optimization
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
Metal scrap utilization Ferrous material security Iron salvage yard services
Ferrous material recovery centers, Iron and steel reuse, Scrap metal storage
Metal separation services Ferrous material stakeholder engagement Iron scrap baling
Ferrous material recycling margins, Iron recovery yard, Metal residue
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something enlightening to read?
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-16-2020/ […]
Howdy are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog? Any help would be greatly appreciated!