Technical analysis report

23 Jul 2020 06:55 PM

EUR/USD technical analysis

This pair succeeded in reaching our expected target of 1.1500, and if the price remains stable above this we may target 1.1650 - 1.1800 levels. The support levels are 1.1500 - 1.1425.

The pair is moving inside an ascending channel on the daily frame and we expect stability above 1.2670 resistance, where it may target 1.2800 then 1.2950. The support levels are 1.2650 - 1.2520.

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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 has succeeded in achieving all the stretch targets for its rise and is currently targeting a historic peak of $1920. Support levels are at 1840 - 1815.

Oil technical analysis

Oil is moving in an upward channel on the four-hour frame. It has succeeded in rebounding from the bottom of the channel, so we expect it to target $43.50 levels. Support levels are 41.50 - 41.00.

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.

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