fbpx

Daily Technical analysis for January 25, 2021

EURUSD

The Euro is moving against the US dollar in a downward direction on the hourly interval. The pair is targeting the level of 1.2215 during the coming hours.

Resistance levels: 1.2215 – 1.2300 – 1.2400

Support levels: 1.2100 – 1.1200 – 1.1900 

Trend: Bullish

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval, where the pair targets the 1.3800 price level.

Resistance: 1.3700 – 1.3800 – 1.3900

Support: 1.3450 – 1.3400 – 1.3300

Direction: Bullish

USDJPY

The USDJPY pair is moving in a downward direction on the hourly interval. The price touches the upper bound of the descending channel, and it is likely to fall in the coming hours.

Resistance 104.50 – 105.00 – 106.00

Support: 103.50 – 102.00 – 101.00

Trend: Bearish

Gold

Gold is moving in a sideway direction on the hourly interval. The price is below the upper boundary of the rectangle pattern, and we are waiting for it to break above to buy.

Resistance: 1860-1900- 2000

Support: 1800- 1750- 1700

Trend: Sideways

Oil

Oil (Brent crude) is moving in an upward direction on the hourly interval. The price is moving in a rectangular pattern, we are waiting for the upper bound to be broken to buy or break the lower to sell.

Resistance: 57.50 – 58.00 – 59.00

Support: 53.00 – 52.00 – 51.00

Trend: Sideways

Source: Technical analysis

Share this post

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Your email address will not be published.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