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technical analysis report

4 Aug 2021 01:44 PM

EURUSD

The pair fell from the resistance level of 1.1900, and if it is not exceeded, it is expected to fell again to levels of 1.1825-1.1770.

But if it succeeds in surpassing the resistance of 1.1900, the rise is likely to extend to 1.1975 levels.

GBPUSD

The pair has crossed the upper boundary of the descending channel and succeeded in surpassing the resistance 1.39, and it may remain above it, to extend the rise to levels of 1.3980 - 1.4060.

Support levels for the pair 1.3880-1.3840.

USDJPY

The pair succeeded in retracing to achieve the downside target at 108.88, which represents the lower boundary of the descending channel, and it is possible that by maintaining the prices at this level, it may rebound higher and rise to level 109.50, which represents the upper boundary of the descending channel.

The current support levels for the pair are 108.88 - 108.70.

USDCHF

The pair broke the lower boundary of the falling wedge pattern, which is moving inside it, and the decline is likely to extend to 0.9040 levels, and breaking it may extend to 0.9000.

But if it rises above the 0.9100 resistance, it is likely to continue rising to 0.9130-0.9170 levels.

USDCAD

The pair fell near the support level of 1.2430, and it is likely that by maintaining it, it will rise again to test the levels of 1.2525-1.2600.

However, with the pair breaking the support 1.2430, this is likely to contribute to the extension of the decline to 1.2300 levels.

AUDUSD

The pair retreated from the upper boundary of the descending channel, but it is still trading below the resistance 0.7400, which by surpassing it may contribute to extending the ascent to 0.7485 levels.

Support levels for the pair are 0.7320 – 74.00.

Gold

After gold rose to the levels of 1832, it faced a correction process and retreated from it to the level of 1805, but it bounced slightly higher from this level and it is likely that by maintaining it, it will return to the correction and try 1833 dollars.

But If the price fell below 1805, this will likely contribute to the extension of the decline to the support level 1790.

Silver

Silver is trying to rise above the level of 25.50 and it is possible that if prices remain above it, it will continue its rise to levels of 26.75.

Support levels are 25.50 - 24.45.

Oil

Oil fell below the support level of 70.00, so it is likely to return to the support levels 68.00-65.00.

If it succeeds in raising and stabilizing above the 70.50 levels, the price may rise to levels 72.50 - 74.00

Dow

The Dow Jones is facing strong resistance at 35100 and it is likely that by not surpassing it, it will return to the decline and correct the levels of 34600-34100.

But by exceeding 35100, the rise is likely to extend to the levels of 35500 points.

DAX

The index faces resistance at 15800 levels, which tested on more than once. But the price retreating from it, So, it may fail in surpassing it to fall back to the support 15400 - 15200.

But if it succeeds in surpassing the 15800 resistance, the rise may continue to 16000 points level

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