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Technical analysis report

16 Aug 2021 02:55 PM

EURUSD

The pair succeeded in surpassing the resistance of 1.1750, and the rise is expected to extend to 1.1830 and then 1.1900.

But if it falls below 1.1750, the drop is expected to extend to 1.1700.

GBPUSD

The pair is moving between the two sides of a descending channel and has rebounded from its upper border at 1.3875 and is likely to fall back to the support levels 1.3850 - 1.3800.

Resistance levels are 1.3875 - 1.3930.

USDJPY

The pair retreated from the resistance level of 110.80 and succeeded in achieving the expected targets with the latest analysis at 110.00-109.40, and the decline is likely to extend to levels of 108.70.

The resistance levels for the pair are 110.00, and the bullish view will change if the resistance is exceeded 110.80 for the extension of the rise to 111.60 levels.

USDCHF

The pair succeeded in declining, as we mentioned in the last analysis, near the levels of 0.9120, and the pair is likely to rebound from it to the upside and test the resistance 0.9140/70 - 0.9235.

But if it breaks the 0.9120 support, the drop will likely extend to 0.9070 levels.

USDCAD

The pair is moving in a sideways range between the 1.2600 resistance and the 1.2480 support.

It is possible that if it breaks the resistance 1.2600, it will extend the rise to 1.2650-1.2730.

But if the support 1.24800 is broken, it may contribute to extending the decline to 1.2420 levels, which by breaking it may extend to 1.2300 levels.

AUDUSD

The pair is moving in a sideways channel, its upper boundary at the resistance level of 0.7420, and a breach of this level is likely to extend the rise to 0.7500 levels.

The support level is 73.15, which represents the lower boundary of the horizontal channel, and a breach of this support may extend the decline to levels of 0.7290-0.7215.

Gold

Gold succeeded in surpassing the resistance 1760 and reached its highest price at 1782 levels, and its maximum rise is likely now at 1800/1905 levels.

And if it falls below 1760 levels, the decline is likely to extend to 1720 - 1680 levels.

Silver 

Silver retreated and broke the support 23.70, so the decline is likely to extend to the support levels 22.50-21.90.

Silver resistors 23.75-24.50.

Oil

Oil rebounded from the resistance of 69.40 and the current decline is likely to extend the test to the support 66.00-65.00.

Oil resistance is at 69.40-70.00 levels, and it is important to breach these levels to extend the ascent to 71.50-72.00 levels.

Dow Jones

The Dow Jones has support at the level of 35330, and if it breaks this support, the decline will likely extend to the levels of 35200-35000.

But if the index is above the support 35300, it is expected to test the resistances 35450 - 35600.

DAX

The German DAX index succeeded in surpassing the resistance 15800 and extended its ascent and reached its highest peak around the 16000 levels, and it is likely to continue rising to 16200 points.

Support levels are 15800 - 15650.

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