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Technical analysis report

12 Apr 2021 03:40 PM

EURUSD

The pair succeeded in rising to 1.1880, the rise may extend to 1.1985, but if prices remain above 1.1850 levels, but if the pair falls below it, it may test the support levels 1.1790/50.

GBPUSD

The pair retreated to 1.3740 levels and succeeded in rebounding from it, So the price may retest 1.3850 resistance which by surpassing it may extend rise to 1.40.

But if the support 1.3670 is broken, the downtrend may continue to 1.3460 levels.

USDJPY

The pair retreated to the support area 109.35 / 85, if it maintains stability above this area, it is likely to rebound from it to test the resistance of 110.96, which by surpassing it may extend the rise to 112.00.

But if it dips below 109.35, the drop will likely extend to 108.30.

USDCHF

The pair retreated to the expected support level at 0.9229, and if it maintains this level, it is likely to test 0.9366 levels.

But if it breaks the support 0.9229, the drop may extend to 0.9135.

 

USDCAD

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

Resistance of the pair 1.2650, if it is breached, the rise may extend to 1.2740.

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 breaks the support 0.7560, it is possible to decline 0.7450.

Gold

Gold succeeded in rising to $1755 resistance, but it failed in surpassing this level and fell below it again, and it is possible that as long as it is trading below this level, it will test 1718 levels.

But if it breaks the resistance 1755, the rise will likely extend to $1800 levels.

Silver

Silver is stable above 24.50, so the current rise may extend to 26.50.

However, if the price fell below 24.50 levels, it may continue down to 21.87.

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

The Dow Jones succeeded in surpassing the resistance 33600, and the current rise may extend to the level of 34000 points.

But if it falls below 33600, the correction may extend to test the support 33200 - 32950.

DAX

The German DAX is moving between the support 15150 and the resistance 15300. If the index breaks the support 15150, the drop may extend to 15000 points.

But if the index maintains the 15150 levels, it is likely to test 15300, and surpassing it, the rise may extend to 15500.

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