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technical analysis report

23 Aug 2021 03:52 PM

EURUSD

The pair is moving within a descending channel range and is approaching its upper limit resistance at 1.1745, and it is likely to decline to test the 1.1650 support.

But if the price stabilizes above 1.1750, the rise may extend to 1.1800.

GBPUSD

The pair has rebounded from support level 1.3600, and the correction is likely to extend upwards to test at 1.3710.

From the downside, support levels await at 1.3600, and if the pair breaks it, the drop may extend to 1.3540/1.3500.

USDJPY

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

Support levels for the pair are at 109.10. if these levels were breached, the drop might extend to the level of 108.70.

USDCHF

The pair succeeded in achieving higher levels at 0.9200, but it faced some correction afterward and fell to the support level at0.9140. The pair will likely rise again to the resistance at 0.9200, then 0.9235.

But if it breaks the 0.9140 support, the drop is likely to extend to 0.9100 levels.

USDCAD

The pair succeeded in achieving targets at 1.2900/50, but it faced some correction from it, and the decline is likely to extend to the 1.2600 support level, and if it maintains it, it may rebound and rise to test 1.2900/50 again.

But if the pair breaks the support 1.2600, the decline may extend to 1.2490 levels.

AUDUSD

The pair succeeded in achieving the targets 0.7100/50 and is likely to make some corrections upwards to test the resistances 0.7200/40.

But if the pair continues its drop and breached s the 0.7100 support, a continuation to the downside could be extended towards 0.7000 levels.

Gold

Gold is still moving below $1800 levels and will likely drop if it trades below it to the support levels 1760-1730.

But if it rallies above the levels of $1800, the rise will likely extend to the levels of $1830.

Silver

Silver was 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 22.30 support levels.

Oil

Oil rebounded from the support level 61.50 and is likely to test the resistances 65.00/50, and if it remains unstable above it, it may decline to test the support 61.50-60.00.

But if it rises above 66.00 levels, the rise is likely to extend to 69.00 levels.

Dow Jones

The Dow Jones index rebounded from the lower boundary of the ascending channel at the support level of 34600 and succeeded in rising to levels of 35260. The current rise is likely to extend and test 35600.

But if the price falls below 35200, it may fall again to 34600 levels.

DAX

The German DAX index succeeded in rising above 15800, so if it remains above it, the rise may extend to 16000 points.

But if it falls below 15800, this is likely to contribute to the extension of the correction to 15600-15480 levels.

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