Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Crude oil price forecast update 20-01-2025

Economies.com
2025-01-20 14:20PM UTC

Crude oil price managed to touch the first target at 77.53$ and presses negatively on it to open the way to achieve more bearish correction on the intraday basis, noting that confirming the break will push the price to visit 75.53$ as a next correctional target, while the expected decline will remain valid unless breaching 77.53$ followed by 78.25$ levels and holding above them.

The GBPUSD forecast update 20-01-2025

Economies.com
2025-01-20 14:20PM UTC

The GBPUSD price trades with clear positivity to test the key resistance 1.2300$ now, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend valid for the upcoming period, which its first main target located at 1.2100$.

The EURUSD price forecast update - 20-01-2025

Economies.com
2025-01-20 14:20PM UTC

The EURUSD rallied upwards strongly to breach 1.0325$ level and settle above it, to pave the way to start bullish correction for the decline that started from 1.1208$ areas, noting that the first correctional target is located at 1.0455$, while breaking 1.0325$ and trading below it again will reactivate the negative scenario that its first target located at 1.0220$.

Ethereum price (ETHUSD) forecast update - 20-01-2025

Economies.com
2025-01-20 09:03AM UTC

Ethereum price (ETHUSD) touched 3425.50$ level and attempts to breach it, waiting for more to achieve new positive targets that extend to 3500.00$ followed by 3680.00$, to continue suggesting the bullish trend for the upcoming period unless breaking 3222.00$ and holding below it.

 

The expected trading range for today is between 3140.00$ support and 3425.00$ resistance.

 

Trend forecast: Bullish