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Technical analysis report

27 Jul 2021 04:22 PM

EURUSD

The pair rebounded from 1.1750 support, and it is likely that by maintaining it, the current rise will extend the experiment to 1.1830 levels, and by surpassing it, the rise may extend to 1.1880.

But if it breaks the 1.1750 support, the drop is expected to extend to 1.1700 levels.

GBPUSD

The pair is moving within a descending channel range, it tried to test the upper boundary of the channel at 1.3830 levels, but it failed in surpassing it, and it is possible to test the 1.3720 support level, If it is broken, it may contribute to extending the decline to 1.3600 levels.

But if the resistance is exceeded 1.3830, the rise is likely to extend to 1.3900 levels.

USDJPY

The pair rose to test the resistance 110.70, but it failed in surpassing it and retreated from it. The breach of the 110.00 support will likely contribute to extending the decline towards levels of 109.60-109.00.

But if the resistance 110.70 is crossed, the rise is likely to extend to levels 111.25 - 111.65.

USDCHF

The pair is moving between the two borders of a falling wedge pattern, and tested its upper border at 0.9220, and rebounded down from it, so the decline is likely to extend to the support levels at 0.9100.

But If the pair is stable above 0.9220, it is expected that this will contribute to the extension of the rise to 0.9300-0.9350.

USDCAD

The pair succeeded in surpassing the resistance of 1.2500 and stabilizing above it, so this is likely to contribute to the extension of the rise to 1.2650 - 1.2800 levels.

Support levels are 1.2500 - 1.2430.

AUDUSD

The pair is moving in a descending channel and rebounded from its upper border at 0.7400, and the decline is likely to extend to 0.7300 levels, which by breaking it may extend to 0.7250.

The pair's resistance is 0.7400, and its breach of this level may contribute to the rise to 0.7485 levels.

Gold

Gold retreated from 1812 resistance, and the decline will likely extend to test the $1790 support, which in case it is broken may extend gold’s decline to 1765 levels.

If it succeeds in surpassing the resistance 1815, this will likely contribute to the extension of the rise to 1825/30 levels.

Silver

Silver retreated and broke the support 25.50, so the decline is likely to extend to 24.50 - 23.75 levels.

If it rises above 25.50, it is likely to continue its rise to 26.75 levels.

Oil

Oil tested the $70.00 level and succeeded in rebounding from it, so by maintaining it, it will test the resistances 72.25 - 73.00.

But If the price returns to drop below the $70.00 level, this may contribute to extending the decline to levels of 68.00-67.00.

DowJones

The index is facing strong resistance at 35100 and it is likely that by not surpassing it, it will return to the decline and correct the levels of 34600-34100.

But by exceeding 35100, the rise is likely to extend to the levels of 35500 points.

DAX

The German DAX is facing resistance at 15750/800 levels, which it tested more than once, but is regressing from it, so it is possible that it will not succeed in surpassing it, to fall back to the support 15400 - 15200.

But if it succeeds in surpassing the resistance 15800, it is expected that the rise will extend to the level of 16000 points.

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