Technical analysis report

25 Sep 2020 04:53 PM

EURUSD

This pair broke the 1.1700 support and our expectations are for it to target 1.1600, then 1.1540.

But if the price rises and surpasses 1.1750, we may target 1.1830 - 1.1850 resistance

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GBPUSD

This pair retested 1.2980, but retreated from it to 1.2770 levels, broke through, and then fell back to 1.2670 levels.

It is currently making a correction on the support that has become resistance at 1.2770, and we expect it to retreat from this, targeting 1.2670, then 1.2600.

However, if it holds steady above 1.2770, we expect it to test 1.2880, then 1.3000.

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USDJPY

This pair broke the support level at 105.00 and achieved our the target of 104.20. Today it has tested the resistance level at 105.00 and surpassed it. If it stabilises above 105.00, we expect it to test 106.50 resistance.

If the pair falls below 105.00, we may target 104.00 again.

Gold

Gold broke through the support at $1900 and fell to our target of 1860. It tried to break this level, but quickly rose above it again, and we expect that the highest levels will be steady, targeting 1900 or 1920.

If the price remains stable below 1850 levels, we expect the decline to continue to 1795 or 1815.

WTI

Oil succeeded in rising and achieving our target of $41.70, and then retreated to 39.00.

We expect that, if it breaks 39.00, it may fall to $37.00.

However, if it remains above 39.00, we may target 41.70. If it surpasses this, we expect it to continue rising to 43.50 levels.

Dow Jones

The Dow Jones fell from the 27500 resistance and failed to overcome it, settling at 26600.

If it does not break this, it may test levels of 27500 again, but if it breaks 26600, we expect the decline to continue to 26000.

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