Daily Technical analysis for December 7, 2020
EURUSD
The EURUSD is moving in an upward direction on the hourly interval. The pair rose to the target area of 1.2100: 1.2150, recorded the highest price at 12178, and began to decline. The price would retreat to support area at 1.2100, and if this support was broken, the next target would be at 1.2000.
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. The pair succeeded in ascending to its aforementioned target yesterday and achieved the highest price at 1.3500 to collide with the rising channel’s resistance, and currently we expect it to retest the 13400 level in case it fails to breach 1.3500.
Resistance 1.3500 – 1.3600 – 1.3700
Support: 1.3450 – 1.3400 – 1.3300
Direction: Bullish
USDJPY
The USDJPY pair is moving upwardly on the hourly interval. The pair fell as expected, achieving more bearish targets and now trading near the sideways trend support area. If it succeeds in maintaining trading above 103.50: 103.90, it will rise again targeting the sideway-trend resistance.
Resistance 104.20 – 104.70 -105.00
Support: 103.50 – 103.00 – 102.00
Trend: Sideways
Gold
Gold is moving in a bearish direction on the hourly interval. Gold rose, achieving its second target at $1840. We expect that if the price stables above $1840, it will continue rising towards $1860 then $1880.
Resistance: 1840- 1880- 1950
Support 1820- 1800- 1750
Trend: Bullish
Oil
Oil (Brent crude) is moving in a sideway direction on the one-hour timeframe. Oil rose to its second target of $48.90, and we expect it to continue rising, targeting the level of $50.00, which if it breached, the next target will be at the upper bound of the rising channel at $52.00.
Resistance 49.00 – 50.00 – 52.00
Support: 48.00 – 46.50 – 45.00
Trend: Sideways
Source: Technical analysis
Comments (46)
Hi there excellent website! Does running a blog similar to this take a massive amount work?
I have virtually no understanding of coding but I had been hoping
to start my own blog in the near future. Anyway, if you have any
suggestions or tips for new blog owners please share.
I know this is off topic but I just needed to ask. Kudos!
Hello, after reading this amazing piece of writing i am too delighted to share
my experience here with mates.
Hello there, just became alert to your blog through Google, and found that it’s truly informative.I am gonna watch out for brussels. I’ll appreciate if you continue this in future.Numerous people will be benefited from your writing.Cheers!
WOW just what I was searching for. Came here by searching for
website
An outstanding share! I’ve just forwarded this onto a friend who was doing a little homeworkon this. And he actually bought me breakfast simply because Ifound it for him… lol. So let me reword this…. Thanks for the meal!!But yeah, thanx for spending time to discuss this issue here on your blog.
Hi
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] There you can find 27039 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
a
a
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
What’s Taking place i’m new to this, I stumbled upon this I’ve discovered It absolutely useful and it has helped me out loads.
I am hoping to contribute & assist other customers like its helped me.
Good job.
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
Howdy! Someone in my Myspace group shared this
site with us so I came to check it out. I’m definitely enjoying the information. I’m book-marking and will be
tweeting this to my followers! Fantastic blog and brilliant design and style.
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-december-7-2020/ […]
Thank you for your post.Really looking forward to read more. Cool.
Major thanks for the article.Thanks Again. Cool.
Really appreciate you sharing this article.Really looking forward to read more. Much obliged.
Appreciate you sharing, great article post.Really thank you! Want more.
Major thanks for the article.Much thanks again. Cool.
F*ckin’ tremendous things here. I am very glad to look your post. Thanks a lot and i’m looking forward to contact you. Will you please drop me a mail?
Really informative article.Much thanks again. Keep writing.
Enjoyed every bit of your blog post.Really thank you! Fantastic.
Really appreciate you sharing this article post. Will read on…
Really informative article.Really thank you! Fantastic.
Major thankies for the post.Really looking forward to read more. Keep writing.
Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.
Very informative article.Thanks Again. Great.
Very nice info and straight to the point. I am not sure if this is in fact the best place to ask but do you folks have any thoughts on where to employ some professional writers? Thanks in advance 🙂
Hello mates, nice piece of writing and good urging commented here, I amtruly enjoying by these.
Amazing! This blog looks just like my old one! It’s on a completely different subject but it has pretty much the same layout and design. Excellent choice of colors!
I appreciate you sharing this blog.Really thank you! Cool.
Howdy! This article couldnít be written any better! Looking at this article reminds me of my previous roommate! He always kept talking about this. I will forward this post to him. Pretty sure he’ll have a good read. Thank you for sharing!