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Technical analysis report

6 Apr 2021 03:40 PM

EURUSD

The pair succeeded in surpassing the resistance 1.1790, and the rise may extend to 1.1880 - 1.1985 levels.

Support levels for the pair in the case of a decline 1.1740 - 1.1700.

GBPUSD

the pair currently standing above the 1.3850 and if the pair stabilized beyond this level, the pair my rise and extend its gains to 1.40 levels. But if the price fell from the current levels, it may test the support 1.3675.

USDJPY

After the pair recorded its highest price at 110.96 levels, it faces a slight correction now, and it is possible that, by surpassing this peak, the rise will extend to 112.20 levels, which by surpassing it, it is expected to continue the rise to 1.1450 levels.

If this correction continues, it is likely to find support at 109.85-109.35 levels.

USDCHF

The pair retreated from the level of 0.9466, and broke 0.9411, and succeeded in achieving the expected level, with yesterday's analysis 0.9375.

It is possible that the pair will continue the current corrective movement inside the descending channel until it exceeds the resistance 0.9435, until the rise extends to the pair's top 0.9470.

Support levels for the pair 0.9350 / 20.

 

USDCAD

The pair is still moving near the upper bound of the descending channel, and it is likely to decline to 1.2490 - 1.2370.

The negative scenario will not change except in the case of the price rising above 1.2750, and any corrections to the upside may be a correction before falling again.

AUDUSD

The pair is still maintaining the support at 0.7560, so it is likely to hold steady above 0.7700 - 0.7840.

But if it break the support 0.7560, it is possible to decline 0.7450.

Gold

Gold succeeded in crossing the upper bound of the descending channel that it was moving inside, and it is expected that it will test the resistance 1755, which bypassing it may extend the rise to the levels of $1800.

The support level for gold 1720, if broken, may extend the decline 1700-1676.

Silver

Silver broke the important support at 24.50, and it is likely that it will remain intact below this level to continue its decline towards 21.87.

It is important to maintain the 24.50 level, to see a rise that extends to 26.50

Oil

Oil is still moving in a sideways movement between the $62.00 resistance and the support at $57.00. If it succeeds in surpassing $62.00, the rally will likely extend to $63.50.

But if we break $57.00, the drop may extend to $54.00.

It is possible to trade between the two boundaries of the cross channel until exiting it.

Dow Jones

The Dow Jones rose near 33250 and if it succeeds in holding above this level, the rise may extend to reach new highs of 33500 above.

But if the price fell below 33200, the decline may extend to test the support 32800, and then retreat below it, may retreat to the next support at 32069.

DAX

The German DAX succeeded in reaching the upper bound of the up channel at 15300, and it is likely to face a correction to 15150 levels, and if broken, the drop may extend to 15000.

However, if the index succeeds in surpassing 15300 points, the rise will likely extend up to 15,500 points.

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