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Technical analysis report

تقرير التحليل الفني المقدّم من Equiti

8 Feb 2021 04:43 PM

EURUSD

The pair rise and test 1.2050, but it failed in surpassing it and retreating from it again, and it is likely that it targets 1.1950 - 1.1900 levels.

If it succeeds in surpassing 1.2050, it is likely to rise and test at the level of 1.2150.

GBPUSD

The pair is still facing the resistance 1.3770 and surpassing it would target 1.3900 - 1.3950. If the price fell and make a correction, it may be going to support levels at 1.3560-1.3500.

USDJPY

The pair succeeded in achieving its target, which we indicated in previous analyzes, at 105.60, and we expect to surpass it, targeting 106.00 - 107.00.

Support levels for the pair 104.37 - 103.30.

USDCHF

The pair retreated to test support level at 0.8980 and succeeded in rebounding from it, and it is likely that it will rise to test the resistance 0.9044, which by surpassing it may target levels of 0.9135.

Support levels for the pair 0.8980 - 0.8920.

USDCAD

The pair formed a symmetrical triangle pattern, and by maintaining stability above the support 1.2735, it would target 1.2875 levels, which by surpassing it might target levels of 1.2950 - 1.3000.

But if the pair falls below 1.2735 levels, it may retreat to the support level at 1.2680, which a break would likely target 1.2580.

AUDUSD

The pair is moving within a descending channel, and it is possible that it is steady above 0.7660, to rise to test its upper boundary at 0.7720.

Support levels for the pair 0.7660 - 0.7590 / 50.

Gold

Gold retreated and settled below the levels of 1830 and it is now undertaking a correction process that we expect the maximum extent of which is to try at the level of 1830 again before returning to the level of 1785 and then breaking it, we may target the level of 1764.

But if it rose above 1830, it might target 1850-1870

Silver

Silver is moving within an ascending channel and has a good support level at $ 26.00, and by maintaining it, it might test the 27.50 resistance, which bypassing it might target levels of $ 30.00.

But if we break the support 26.00, it will likely drop to $ 24.50.

Oil

Strong rally in oil, which succeeded in achieving its first target at $ 57.00 and raised above, and we are likely to target $ 60.

Support levels 55.50 - 53.80.

Dow Jones

The index is trying to surpass its highest peak at 31286 levels, and if it it stabilizes above it, it is likely to target 31500-32000 points.

Support levels for the index 30600-29800.

DAX

The DAX fell to the support level at 13300 and succeeded in bouncing from it to 14000 levels. It is possible that the index will continue its rise to record new highs if it breaks the level of 14150, but as long as the index is below this level, the movement is likely to remain sideways between the levels of 14150-13300 points.

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