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 to 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
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.
Oil technical analysis
Gold succeeded to break through its resistance level at 1815 and approached the first target at 1825. We expect this rise to continue and target 1835-1850. Support levels are at 1815 - 1808.
Dow Jones technical analysis
Oil is moving with an upward channel on the four-hour frame. It has succeeded in rebounding from the bottom of the channel so we expect to target $43.50 levels. Support levels are 41.50 - 41.00.
