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Technical analysis report

18 Feb 2021 03:19 PM

EURUSD

The pair retreated from the resistance 1.2150 to the support level 1.2050 and is still maintaining this support, so it is possible that it will test 1.2150 again, and it is possible that it will surpass it targeting 1.2190 and then surpass it may target the level of 1.2350.

If it falls below 1.2150 levels, it is likely to target 1.1950.

GBPUSD

The pair is still maintaining its upward trend, and it is possible to complete its current ascend to the upper bound of the ascending channel at 1.3980 / 1.40.

Support levels for the pair is 1.3770, and if broken, it might decline to the next support at 1.3600.

USDJPY

The pair surpassed the resistance 105.60 and succeeded in achieving the target of 106.00, and it is possible that, by surpassing it, the pair will continue its rise to 107.00 levels.

The pair test now 105.60 support, and if the price break it, it may likely achieving 104.37.

USDCHF

The pair succeeded in reaching 0.8990 levels, and is facing a correction from the level, and it is possible that it will test the support levels at 0.8940 / 20.

Resistance levels 0.8990 - 0.9045.

 

USDCAD

The pair created a support level at 1.2600, and it succeeded in maintaining it and bouncing from it, and it is likely that it targets 1.2770 - 1.2850 levels.

Support levels for the pair 1.2600 - 1.2525.

AUDUSD

The pair is close to achieving its target at 0.7820, and if it breaks this level, it will likely target 0.7900.

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 retreated to the support level 1770 and succeeded in rebounding from it a little, possibly by testing the resistance level 1793 and then 1810.

Support levels for gold 1770/64, and if these levels are broken, it is possible to complete the declines to 1750-1730.

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

Oil succeeded in achieving its target at 62.00 and reached a new high at 62.23, but it faces some minor price correction from it.

Support levels 60.74 - 59.30. But if it breaks above 62.25 resistance, it will likely target $ 64.00.

Dow Jones

The Dow Jones is moving in a sideways range between support 31400 and resistance 31700.

Possibly, surpassing the resistance would target 3200-32500 points. However, if it falls below 31400 levels, it might test the next support at 31200.

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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