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Technical analysis report

10 Aug 2021 04:40 PM

EURUSD

The pair fell and broke the 1.1750 support level, and the decline is likely to extend to the 1.1700 level, which if broken, the decline may extend to the 1.1600 levels.

But if it succeeds in rising above 1.1750, the rise is expected to extend to 1.1825.

GBPUSD

The pair is still stable above the 1.1840 level, and by surpassing the resistance 1.3950, the rise is likely to extend to 1.4000-1.4075 levels.

Support levels for the pair 1.3840- 1.1765.

USDJPY

The pair is moving between the borders of an ascending channel, and it is likely that by maintaining the 110.30 support, the rise will extend to the level of 110.65, and if it is exceeded, the rise may extend to the level of 111.00.

But if the pair breaks the 110.30 support, the decline may extend to levels of 110.00-109.70.

USDCHF

The pair is testing the resistance 0.9230, and it is likely that if it retreats from it, it will correct the support level 0.9120.

But if the resistance is exceeded 92.30, the rise is likely to extend to 0.9275 levels.

USDCAD

The pair approached the 1.2600 resistance, and by surpassing this resistance, the rise is likely to extend to 1.2670-1.2730 levels.

However, If the price fell from the current levels, it may face support at 1.2525-1.2470 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 retreated and broke the $1750 support, and the decline is likely to extend to $1700-1675 levels

The current gold resistances 1740-1750 must be exceeded to change the expected bearish scenario.

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 is facing the resistance level of 67.60, and it pulled back a little from it, and the decline is likely to extend to levels of $65.00.

But if the price rises above 67.60, the rise may extend to 68.50 levels.

DowJones

The Dow is still trading below the 35150 resistance, so the correction is likely to extend to the 35000-34800 levels.

But if we break above the resistance 35150, the rise may extend to levels 35250-35500.

DAX

The German DAX index faces resistance at 15800 levels, which is tested on more than once, but is retreating from it, so, likely, it will not succeed in surpassing it to fall back to the support 15400 - 15200.

But if it succeeds in surpassing the resistance 15800, it is expected that the rise will extend to the level of 16000 points.

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