technical analysis report 29-06-2021

29 Jun 2021 03:03 PM

تقرير التحليل الفني المقدّم من Equiti

EURUSD

The pair broke the support at 1.19, so the decline is likely to extend to 1.1845-1.1800 levels.

The pair's resistance is at 1.1920 levels, it is important to break it to extend the rise to 1.1970.

GBPUSD

The British pound broke the support level of 1.4000 and extended the decline to 1.3800 levels, and retested the 1.40 level, which turned into a resistance level, but it failed to cross it, so the decline is likely to extend to 1.3800 levels, and then by breaking it, it may extend to 1.3670 levels.

But if the pair rises above the 1.40 level, the rise will likely extend to 1.4090.

USDJPY

The pair is moving between the borders of an ascending channel, and hit the expected target with the latest analysis at 111.00 levels, which represents the upper boundary of the channel, and it is likely to rebound from it to test the support levels 110.25-109.80.

But if the pair succeeds in surpassing the resistance 111.00, the rise is likely to extend to the levels of 112.00.

USDCHF

The pair managed to retreat from the resistance 0.9240 and tested the support level at 0.9165, and succeeded in rebounding from it to the upside, so it is likely that it will test 0.9240, which by surpassing it may the rise to extend to level of 0.9300.

But if it breaks the support 0.9165, the drop will likely extend to the level of 0.9090.

USDCAD

The pair retreated from the downtrend line at the level of 1.2485, and establishing a support level at 1.2245, and maintaining it, may test the 1.2485 resistance, which by surpassing it may the rise to extend till 1.2550 - 1.2640 levels.

But if the support 1.2245 is broken, the drop will likely extend to the level of 1.22-1.2130.

AUDUSD

The Aussie fell from the resistance 0.7610, which represents the upper boundary of the ascending channel, and the decline is likely to extend to 0.7475, and in case it is broken, it may contribute to extending the decline to levels of 0.7375.

The pair's resistances are 0.7560-0.7610.

Gold

After gold retreated to the support levels 1764, it is likely to perform an upward correction that might target the 1800 level, by which it may extend the rise to 1825.

But if gold declines below 1760 levels and stabilizes below it, the decline is likely to extend to 1730 levels.

Silver

Silver approached the uptrend line support at $25 levels, and it is likely that as long as prices are trading above this level, silver will re-rise and test at 27.50-29.00 levels.

But in case the 25.00 support is broken, the drop may extend to 23.80 levels.

Oil

Oil is still moving within an ascending channel, the support of the lower boundary of the channel, which is expected to rebound from it at $72.00 levels.

Oil resistance is at 74.00-76.00. In case oil breaks the 71.40 support, the correction may extend to 69.50 levels.

DowJones

The Dow Jones managed to stabilize above 34200, so the rise is likely to extend to 34500-34850.

But if it falls below the level of 34200, the decline is likely to extend to visit the support at 34000-33700.

Dax

The German DAX index succeeded in rising above the 15650 barriers, and if it remains above it, the rise is likely to extend to 15900 levels.

Support levels for the index if it declines from the current levels 15,500-15.

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