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30Nov

Daily Technical analysis for November 30, 2020

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EURUSD

The EURUSD is moving in an upward direction on the hourly interval. ??he pair is trading within a bullish channel and targets the level of 1.2000 during the coming hours, and if it breaks it, the next target will be the 1.2050-1.2100 price area.

Resistance levels: 1.2000 – 1.2100 – 1.2200

Support levels: 1.1930 – 1.1790 – 1.1600 

Trend: Bullish

GBPUSD

The GBPUSD pair is moving in an upward direction on the hourly interval. The pair is trading around a minor resistance at 1.3350. If it is breached, the next target will be at 1.3400 then 1.3480.

Resistance 1.3350 – 1.3400 – 1.3480

Support: 1.3300 – 1.3200 – 1.3000

Direction: Bullish

USDJPY

The USDJPY pair is moving upwardly on the hourly interval. The price is approaching the support zone between 103.90 and 103.60, and we expect it to start rising from it towards 104.20.

Resistance 104.20 – 104.60 -105.60

Support: 103.60 – 103.00 – 102.00

Trend: Bullish

Gold

Gold is moving in a bearish direction on the hourly interval. However, we expect the price to rise in a limited correction move, while remaining bearish as long as it trades below the $1800 support level.

Resistance: 1800- 1820- 1890

Support 1750 – 1665 – 1600

Trend: Bearish

Oil

Oil (Brent crude) is moving in a sideway direction on the one-hour timeframe. We await a price correction to the price level of $47.00 – $46.50 per barrel to buy.

Resistance 49.00 – 50.00 – 51.00

Support: 46.50 – 45.00 – 42.50

Trend: Sideway

Source: Technical analysis

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