Daily Technical analysis for January 4, 2021
EURUSD
The EURUSD is moving in an upward direction on the hourly interval. The pair succeeded in rising from 1.2100 support, testing the 1.2250 level, and we expect it to continue rising, targeting 1.2270.
Resistance levels: 1.2200 – 1.2300 – 1.2500
Support levels: 1.2100 – 1.2000 – 1.1850
Trend: Bullish
GBPUSD
The GBPUSD pair is moving in an upward direction on the hourly interval. The pair succeeded in ascending to its first target at 1.3600, and we expect that in the case of maintaining trading above 1.3300, it will rise again to the level of 1.3700 and that the next target will be 1.3800.
Resistance: 1.3700 – 1.3800 – 1.4000
Support: 1.3600 – 1.3500 – 1.3400
Direction: Bullish
USDJPY
The USDJPY pair is moving upwardly on the hourly interval, as the pair traded near the support area for the sideways trend formed between 103.00 and 103.50. We expect that in the event of continued trading above this area, it will target resistance 104.20, then 104.80.
Resistance 103.90 – 104.20 -104.70
Support: 103.00 – 102.00 – 101.00
Trend: Sideways
Gold
Gold is moving in a sideway direction on the hourly interval. Gold has succeeded in rising towards all of its targets and is currently trading near the resistance of the ascending channel. We expect that it will succeed in stopping the rise temporarily before breaching it and targeting the upper limit represented in the level of 1980.
Resistance: 1930- 1950- 1980
Support: 1900- 1880- 1850
Trend: Bullish
Oil
Oil (Brent crude) is moving in an upward direction on the one-hour timeframe. Oil succeeded in rising, achieving its first target at $52.00, and we expect it to continue rising, targeting the level of $54.00, and if it breaks down, the next target will be at the level of $56.00.
Resistance: 54.00- 56.00- 58.00
Support: 52.00 – 50.00 – 48.00
Trend: Bullish
Source: Technical analysis
Comments (25)
Ask expressassignment.com to solve your assignment problems. This agency is based on qualified writers and also has experience of years. They resolve hundreds of assignment papers. Although most of the students are also troubled like you. So don’t be hesitate. We are just one step away. Call assignment experts now!
… [Trackback]
[…] Here you can find 86788 additional Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Here you can find 76950 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] There you will find 42858 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Here you will find 4850 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] There you will find 9616 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Here you can find 35854 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-january-4-2021/ […]