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technical analysis report 30-8-2021

30 Aug 2021 02:37 PM

EURUSD

The pair is moving in a bearish direction and is now correcting upwards, but as long as it is trading below 1.1800 levels, it is likely to retreat back to the 1.1700-1.1660 support levels.

But if it stabilizes above 1.1800, the rise may extend to 1.1900.

GBPUSD

The British pound tried to surpass the resistance level at 1.3780, but it failed, and by not surpassing it, it is likely to fall to levels of 1.3690-1.3640.

But if it succeeds in stabilizing above 1.3780, the rise will likely extend to 1.3840-1.3880 levels.

USDJPY

The pair trading near to a support level at 109.50, it tested it more than once and succeeded in maintaining it and rebounding from it to test the 110.20 resistance, which in case it is exceeded, the rise may extend to the level of 110.80.

The support levels for the pair are at 109.40, in case it is broken, the drop may extend to the level of 108.70.

USDCHF

The pair succeeded in rising to the level of 0.9200, but it faced some correction from it to the support 0.9100, and it is likely that it will rise again to the resistance at 0.9200, then 0.9235.

But if it breaks the 0.9100 support, the drop will likely extend to 0.9025 levels.

USDCAD

The pair succeeded in achieving the expected correction target with the latest analysis at the 1.2600 support level, and if it kept these levels, it may rebound and rise to the test at 127.00-128.50.

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

AUDUSD

The pair succeeded in achieving the rise to levels of 0.7300, and if it is exceeded, the rise may extend to levels of 0.7390.

But if the pair fails to hold above 0.7300 levels, it is likely to return to the downside and test the 0.7200-0.7100 levels.

Gold

Gold achieved the rise and crossed the upper boundary of the descending channel in which it is moving, and it is now trading around 1817 levels, and the rise is likely to extend to 1830 levels.

But it is highly likely that as long as it does not exceed the top of 1833, it will return to the decline and correct the levels of 1790-1760.

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 24.25, the rise is likely to extend to 25.00/50 levels.

But in case of a decline below 24.00, it will likely return to the support levels at 22.30.

Oil

Oil rose to test the resistance 69.50, but it faced some correction from it, and it is likely that it will decline to the support levels 65.00-63.00.

But if the resistance is exceeded at 69.50/70.00, the rise is likely to extend to levels of $73.50.

Dow Jones (US30)

The Dow Jones index still maintains stability above the level of 35200, and it is likely that the current rise will extend to 35600/800.

But if the price falls below 35150, it may fall again to 34800 levels.

DAX (DE30)

The DAX index is moving within a symmetrical triangle pattern and is now testing its upper boundary, and it is likely that by surpassing the resistance 15940, the rise will extend to 16025-16200 levels.

But if it declines from the current levels, it may test the support 15700/600, which if it breaks this support, the decline may extend to 15400 levels.

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