EUR/USD technical analysis
The pair is trying to breakthrough top at1.1420, and we expect above it to remain stable, targeting the 1.1500 - 1.1550 level. The support levels for the pair are 1.1400 - 1.1350.
GBP/USD technical analysis
The pair is moving inside an ascending channel on the daily frame, and we expect it to surpass 1.2670 resistance to target 1.2820 then 1.2950. However, if it falls below 1.2460, we may see a continuation of the lower boundary of the ascending channel at 1.2330.
USD/JPY technical analysis
This pair is moving inside a falling triangle pattern on the daily frame. The lower boundary of the pattern is at 106.00 levels, which are strong support levels if the price reaches level we expect it to rebound from above to test 108.00, 109.00 resistance. If it breaks the 106.00 support level, we may see further declines to we may target 105.00 or 104.50.
Gold technical analysis
Gold is currently forming a triangle pattern on the four-hour framework, and we expect it to experiment with the resistance of 1813 again. We expect to target 1820-1835 - 1850.
An alternative scenario would be if the bottom of 1794 was broken, there may be a correction to support 1775-1785 before the rise resumes.
Oil technical analysis
Oil is moving within up channel on the 4-hour frame, and we succeeded in achieving the first target we mentioned at 40.80, and we expect to complete the rise and target 41.60. In the event of a decline and breach of 38.70 support, we may see declines that we may target $ 37.00.
Dow Jones technical analysis
The Dow Jones continues to move inside an ascending channel on a daily basis, and we expect that if it maintains the support of 25500, we expected to target 27600 levels and then 28500. If it breaks the support of 25500, we may target the next support at 24600 points.
