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Technical analysis report

25 Feb 2021 03:03 PM

EURUSD

The pair succeeded in overcoming the 1.2150 and 1.2190 resistances, so it is likely that it will continue its rise, targeting the 1.2350 level.

If it falls from current levels, it may test 1.2190 / 50 again.

GBPUSD

The pair succeeded in achieving 1.42 target that we mentioned, and it is possible to complete the rise to 1.4350.

Support levels for the pair in the case of a correction 1.4000 - 1.3828.

USDJPY

The pair is moving between the boundaries of up channel on the 4-hours and rebounded from the lower bound of it at 104.90 and succeeded in achieving the target of 105.70 and approached the resistance 106.20, which by surpassing it may target levels of 106.80.

Support levels for the pair 104.90 - 104.37.

USDCHF

The pair succeeded in surpassing the resistance 0.9145, and it is possible that, with its stability above it, the pair will continue its rise to the target of 0.9140.

But if it falls below 0.9045 it might test 0.8990 again.

 

USDCAD

The pair fell, and scored a target of 1.25, but it is still facing selling pressure, so it is possible that, with stability below it, it may continue its decline towards the target of 1.2250.

The resistance of the pair are 1.2500 - 1.2600.

AUDUSD

The pair succeeded in surpassing the 0.7900 resistance. It is likely that it will continue rising to 0.8050-0.8130.

Support levels for the pair in the case of a correction 0.7900 - 0.7820.

Gold

Gold fell yesterday to target 1785, but managed to maintain it as a support level, and bounced from it to 1805 levels.

Possibly it would test the support 1785, which breaching it might target the levels of 1770-1660.

Resistance levels: 1805-1815.

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 rose to 63.70 levels, but encountered resistance there, and is likely to retreat to test support levels 62.00 - 60.50.

But if it breaks the resistance 63.70, it may continue rising to $ 66.00.

Dow Jones

The Dow Jones index succeeded in surpassing the resistance 31700, and is likely to target the level of 32500/33000 points.

Support levels for the index 31700-31200.

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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