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Technical analysis report

17 Aug 2021 04:06 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 succeeded in achieving the target we mentioned yesterday at 1.3800 levels, and if prices remain above 1.3785, it is likely to rise again to test the 1.3850/75 resistances.

But if the support 1.3785 is broken, the drop may extend to 1.3720 levels.

USDJPY

The pair stable near to 109.10 support level and rebounded slightly from it, and it is likely that by maintaining it, the current rise will extend to levels 109.80-110.25.

The support levels for the pair are at 109.10, and if it is broken, the drop may extend to the level of 108.70.

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 price fell below 1.2600, it is expected to decline to test levels at 1.2530-1.2480.

The pair is moving in a sideways channel and broke its lower boundary 73.15, so the decline is likely to extend to 0.7250 -0.7215 levels.

The resistance of the pair is 0.7315-0.7380.

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 is moving between the two borders of a descending channel and rebounded from its lower border at 22.90, and if it crosses 24.00, the rise will likely extend to $25.00 levels.

But if silver is below the 24.00 level, it is likely to fall back to the support levels 23.00 - 22.30.

Oil

Oil rebounded from the 69.40 resistance and approached the $65.00 support.

It is expected that it will move within these levels until it exceeds any of them, and if it crosses 69.40-70.00, it may contribute to extending the rise to levels 71.50-72.00.

But by breaking the 65.00 support, the drop may extend to the levels of $62.00.

Dow Jones

The Dow Jones has support at the level of 35200, and if it breaks this support, the decline will likely extend to the levels of 35.000-34.800.

But if the index is above the support 35200, it is expected to test the resistance 35600, which by surpassing it may extend the rise to the level of 35800-36000.

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 for the index 15800 - 15650.​

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