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Technical analysis report

21 Jan 2021 04:03 PM

EURUSD

The pair is still floating around 1.2150 resistance and it failed in stabilizing above until now, and if it succeeds, it may target the level of 1.2225.

But if it stabilizes below 1.2150, it may test the support 1.2050, which breaching it would likely target 1.1900.

GBPUSD

The pair is testing 1.3700 resistance and we expect that as long as it trades below it, it will likely retreat to the support levels 1.3520 - 1.3450. But if it succeeds in surpassing the resistance 1.3700, it may continue its rise to the levels of 1.3780 - 1.3850.

USDJPY

The pair retreated from the resistance of the upper boundary of the descending channel 104.37 and tried to overcome it, but failed, so we are likely to target the support levels 103.40 - 102.50.

As for the pair exceeding the resistance 104.37, we might target 105.60 / 106.00 levels.

USDCHF

The pair is still moving between support level at 0.8860 and resistance at 0.8920 which if success to surpassing it, the pair may likely to continue rise to 0.8980 – 0.9020 levels.

Support levels: 0.8860 – 0.8820-0.8757.

USDCAD

The pair retreated to the support level at 1.2624, in case it stabilized below this level, and it may target 1.2525.

But if it maintains this support, it may test the levels of 1.2780 - 1.2840

AUDUSD

The pair is still maintaining its uptrend and now it  moves in a correction with a sideways movement after failing to surpass 0.7820 resistance. The support level for the pair is 0.7640, which breaching it may continue to decline to 0.7550 But it is likely to test the resistance 0.7820 again, and surpassing it, we may target 0.7900 - 0.7950 levels.

Gold

Gold succeeded in surpassing $ 1864 resistance and recorded its highest price today at levels of 1874.90, and it is now in the process of correcting and experimenting at the level of $ 1864, and if it succeed to stable and maintains it as a support level, it is likely to target the level of 1900.

If the price fell below 1864 levels, declines to 1845-1825 are likely to continue.

Silver

Silver succeeded in rising to $ 26.00 level, and we expect that if it breaks this level, it will target 27.50.

Support levels at 24.50, if broken, might target 23.50.

Oil

Oil retreated for the third time at levels of 53.80, and it is likely that it will test the support level of 51.80, which breaching it may fall to $ 49.00.

The resistance level 53.80, if it is breached, we might target $ 55.50.

Dow Jones

The index tests the upper boundary of the sideways channel, which is moving inside it at 31,260 points, but it did not succeed in surpassing it until, so it is possible that it will retreat from it to the support level of the index 30700, which by breaking it targeting 30400-3000

If the index succeeds in surpassing 31300 levels, it may continue to rise, targeting 32,000 - 32,500 points.

 

DAX

The DAX is in the process of a correction after reaching a historic high at 14094 levels. We expect the correction to continue to the support levels of 13600, which if broken, the correction may continue to 13000 level. Index resistance 14000 - 14094, then by surpassing it, we might target 14300 points

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