EUR/USD technical analysis
This pair has attempted to surpass its 1.1425 high. If it remains above it, we may target 1570 - 1.1550. But if the price falls back below 1.14 level, it may further to 1.1330 – 1.1270
This pair is moving inside an ascending channel on the daily frame, and we expect it to surpass 1.2670 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.
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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, and we expect it to rebound from this to test 108.00 or 109.00 resistance. If it breaks the 106.00 support level, we may see a further decline to 105.00 or 104.50.
Gold technical analysis
Gold is currently moving inside a small bearish channel. Yesterday it bounced from its upper bound and retreated to a support level of 1795, and we expect in the event of a rebound from the current levels beyond 1815, we may target 1825-1835-1850. Support levels are now at 1795 - 1790.
Oil technical analysis
Oil is moving in an upward channel on the four-hour hour frame and is now at the lower boundary levels of the channel - $40.00. We expect the price to rebound to $41.00 and then $42.50.
Dow Jones technical analysis
The Dow Jones continues to move inside an ascending channel today, and we expect that if it maintains the support of 25500, we may target 27600 levels and then 28500. If it breaks the support level of 25500, we may target the next support at 24600 points.
