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Technical analysis report

15 Feb 2021 03:58 PM

EURUSD

The euro against the US dollar retreated from the resistance level at 1.2150, and the correction may continue to the support levels 1.2050, and then breaching it may target 1.1950 levels.

The resistance level of the pair is 1.2150-80, in case it is breached, the pair might target the top of 1.2350.

GBPUSD

The pair succeeded in surpassing the resistance 1.3770 and recorded its highest price at 1.3864, but it faced some correction. We expect this correction to end at 1.3750 levels, and then it may target 1.3900 - 1.3950 levels.

Support levels for the pair are 1.3750, and if broken, the pair might decline to the next support at 1.3600.

USDJPY

The pair retreated from the resistance 105.60 after failing to breach it, and then it tested the support 104.37 and succeeded in maintaining it and rebounding from it. The pair could be possible to test the 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 0.8920, but it is trying to re-test it as a resistance level, and if it falls again and remains steady below this level, it may continue to decline to 0.8835.

But if it succeeds in rising above 0.8920, it may test the resistance 0.8980, then 0.9045.

 

USDCAD

The pair rebounded from the support 1.2680 and is now testing the resistance 1.2755, and if it breaks it, it is likely to target 1.2880 - 1.2950.

But if it retreated from the current resistance, it may target 1.2680, which breaching it may target 1.2580.

AUDUSD

The pair succeeded in ascending and surpassing the upper bound of the descending channel, 0.7720, and it is possible that, with its stability above this level, the par may target 0.7820.

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

Gold

Gold retreated after breaking the support level of $ 1830, and it is likely to continue falling, targeting the level of 1808-1785.

Gold Resistance 1830-1847

Silver

Silver is moving within a bullish channel and has a good support level at $26.00 and resistance at 27.50, which by surpassing it and remaining firmly above it, silver may target levels of $ 30.00.

But if the precious metal breaks the support 26.00, it will likely drop to $24.50.

Oil

After the strong rise of oil, recording its highest price at 60.73 levels the oil is likely to continue its rise targeting $ 60.00 - 62.00.

Support levels 57.00 – 58.00.

Dow Jones

The index surpassed its highest peak at 31286 levels, and recorded a new high at 31545 points, and is likely to target 32000/33000 levels.

Support levels for the index 31200-30600.

DAX

The German 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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