Technical analysis report

15 Oct 2020 04:39 PM

EURUSD

This pair fell below its 1.1720 support level and we expect the price to continue falling to 1.1690, and then target 1,1600.

Resistance levels: 1.1720 – 1.1770.

GBPUSD

This pair is moving between a resistance level at 1.3070 and a support level at 1.2860. Our expectation is that if the pair successfully stabilises above this level, it may continue rising to 1.3150. If the price breaks the support level at 1.2860, it may target 1.2800 - 1.2700.

USDJPY

This pair is still moving above 105.00, so we expect it to continue rising to 106.00 - 106.50.

Support levels: 105.00-104.00

USDCHF

This pair rose and tested 0.9160, and we expect it to retreat from these levels to 0.9080 - 0.9070.

If breaks the resistance level of 0.9160, we expect it to continue rising to 0.9200 - 0.9250 levels.

USDCAD

This pair faces support at 1.3100, and if it stabilises above these levels, it may target resistance at 1.3240.

If the pair breaks its support level at 1.3100, it may target 1.30.

AUDUSD

This pair fell and broke 0.7095 level, so we expect the price to continue its fall to the 0.7000 level.

Resistance levels: 0.7095 – 0.7150

Gold

Gold retreated from its resistance levels at $1933 to below 1900. Steady below 1900 levels, it is expected to target 1874 - 1850.

If it rises to 1900, it may test 1915 before continuing its decline.

WTI

Oil faced resistance at $41.70 and failed to overcome it, going on to break the support level at 41.00. We expect the decline to continue to target 39.00, and then 37.00.

Resistance: 41.70 - 43.00.

Dow Jones

The Dow Jones fell and broke 28350. We expect it to continue falling to 27650 – 27200.

Resistance levels: 28400 – 28800.

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