fbpx

Daily Technical analysis for February 23, 2021

EURUSD

The euro is moving against the US dollar in an upward direction on the hourly interval, where the pair is targeting the 1.2200 price during the coming hours.

Resistance levels: 1.2200 – 1.2300 – 1.2400

Support levels: 1.1900 – 1.1800 – 1.1700 

Trend: Bullish

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. It is possible that the pair will fall to the level of 1.3800 before rising again.

Resistance: 1.4000 – 1.4100 – 1.4200

Support: 1.3600 – 1.3700 – 1.3800

Direction: Bullish

USDJPY

The USDJPY pair is moving in an upward direction on the hourly interval, as the pair has reached the lower boundary of the ascending classical channel, and it is likely to rise in the coming hours.

Resistance 106.50 – 107.00 – 108.00

Support: 103.50 – 102.00 – 101.00

Trend: Bullish

Gold

Gold is moving in a volatile direction on the hourly interval. The price is close to the upper bound of the descending classical channel, and it is likely to fall within the next hours.

Resistance: 1860 – 1900 – 2000

Support: 1750 – 1700 – 1600

Trend: Bearish

Oil

Oil (Brent crude) is moving in a downward direction on the hourly interval. The price touches $65.00 a barrel, which is a resistance level, and we are waiting for stability above it to buy.

Resistance: 65.00 – 66.00 – 67.00

Support: 56.00 – 57.00 – 58.00

Trend: Bullish

Source: Technical analysis

Share this post

Comments (4)

  • Tomas Reply

    It’s very effortless to find out any topic on web
    as compared to books, as I found this post at this web page.

    13th January 2022 at 10:54 pm
  • Virgil Reply

    Fantastic goods from you, man. I have understand your stuffprevious to and you are just too magnificent. I actually like what you have acquired here, really like what you’re stating and the way in which you say it.You make it enjoyable and you still takecare of to keep it sensible. I can’t wait toread much more from you. This is really a tremendous web site.

    14th January 2022 at 2:02 am
  • Chelsea Reply

    I’ve been browsing online greater than three hours
    nowadays, yet I by no means discovered any attention-grabbing article like yours.
    It’s pretty price enough for me. In my opinion, if all web owners and bloggers made excellent content as you probably did, the web will probably be a lot more helpful than ever before.

    14th January 2022 at 6:55 pm
  • mega888 Reply

    … [Trackback]

    […] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-february-23-2021/ […]

    16th January 2022 at 5:32 am

Leave a Reply

Your email address will not be published. Required fields are marked *

User Agreement

Day Finance is an educational site and a platform for exchanging Forex information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense.
Terms And Conditions