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Technical analysis report

Technical analysis report

10 Feb 2021 04:03 PM

EURUSD

The pair raised and surpassed 1.2050 resistance, but it is still below 1.2150 / 80 levels, which it is important to surpasses and  rise again to 1.2350.

The support levels for the pair that are likely to be tested 1.2050 - 1.1950.

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 retreated from 105.60 resistance and it tested the support 104.37 and succeeded in maintaining it and rebounding from it, and it is possible to test 105.60, which bypassing it may target 106.10 then 107.00.

But if 104.37 is broken, the correction may continue to 103.30 support levels.

USDCHF

The pair retreated and broke the support at 0.8920, and it is possible that it remains stable below this level, and the decline will continue to 0.8835.

But if it succeeds to rise above 0.8920 again, it may test the resistance 0.8980, then 0.9045.

 

USDCAD

The pair formed a symmetrical triangle pattern, but it retreated below the lower leg and the support 1.2735, and continued to decline towards the target of 1.2680, and it is possible that a break of it would target 1.2580.

The pair's resistance is 1.2735 / 50, then the strongest resistance is 1.2870.

AUDUSD

The pair succeeded in rising to the upper bound of the descending channel, 0.7720, and it is possible that, with its stability above this level, it targets 0.7820.

But if the pair falls below 0.7700 levels, it is likely to test the support levels for the pair 0.7660 - 0.7590 / 50.

Gold

Gold succeeded in surpassing the resistance of $ 1830 and climbed to the levels of $ 1848, but it faces resistance at these levels, and it is likely to rebound from it to test the support 1830-1822.

If the price surpass 1850, we may target levels of $ 1875.

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

A strong rally of oil, which recorded its highest price today at 58.64 levels, and it is likely to continue its rise, targeting $ 60.00 - 62.00.

Support levels 57.00 - 55.50.

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 is moving between the support level 13300 and its historic top near 14200 points. If the index stabilizes above 14200 levels, it will likely resume its rise and record new historical highs at 14500-15000.

But if the price is below 14200 levels, it is likely to test the support levels 13600-13300.

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