Technical analysis report

17 Sep 2020 04:35 PM

EURUSD

The pair faces support level at 1.1750 levels, and if it is maintained, we expect to target 1.1900 - 1.2000.

As for the break of 1.1750 support, a drop to 1.1700-1.1600 levels is expected.

GBPUSD

This pair fell below 1.2980 levels and reached our target of 1.2800. We expect it to test 1.2900 - 1.2980. If surpassing this level, we might target 1.3050.

If the pair retreats below 1.2770 levels, the declines are expected to continue towards 1.2700 - 1.2600.

USDJPY

The pair broke the support level of 105.00, so it is expected to complete the drop to 104.20-103.00 levels. The pair's resistance are 105.00 - 106.50.

Gold

Gold is moving inside a descending triangle pattern on the 4 hour chart. It faced resistance at 1970 levels and retreated to 1940 levels. It is expected to complete the decline to 1905 levels, which by breaking it we may target $ 1860.

As for its rise and surpasses the 1970 resistance, it may target the levels of 1993 and then 2015.

WTI

Oil succeeded in rising and surpassing the $39.00 resistance, so we are expected to target levels of 41.70, then 43.50.

If the price fell below 39.00 levels, we may retreat to the next support at $37.00.

Dow Jones

The Dow Jones index faced resistance at 28100-28200 and retreated to 27500 levels.

We expect a break of 27400 support to target 27,000 points. If the index rise above 27400 levels, it may test 628200 resistanceدايبي

Tags:

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only