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Technical analysis report

16 Jun 2021 04:49 PM

EURUSD

The pair is moving between the two sides of a descending channel on the hourly chart, likely by maintaining the 1.2088 support since the current rise to 1.2150/90 levels.

But if it falls below 1.2088 levels, the decline may extend to 1.2060/50 levels.

GBPUSD

The pair is moving between the borders of the sideway channel and represents the support for it at the level of 1.4100, and if it is above this level, it is likely to test the resistance 1.4240, by which it may extend the rise to 1.4370 levels.

If the price fell below 1.41, the decline is expected to extend to levels of 1.40.

USDJPY

The pair succeeded in rebounding from the lower boundary of the ascending channel and achieved the expected target in the latest analysis at 110.00 levels, and the rise is likely to extend to the upper boundary of the channel at 110.60.

Support levels for the pair are 109.60/50.

USDCHF

The support level for the pair is 0.8930, if it succeeds in maintaining it, it will likely rebound to test 0.9030/50, which by surpassing it may contribute to extending the rise to 0.9100 - 0.9160 levels.

Support levels at 0.8930, and if broken, the drop may extend to 0.8870.

USDCAD

The pair succeeded in surpassing the resistance of 1.2145, and by maintaining stability above it, the rise is likely to extend to 1.2200-1.2270 levels.

But if it falls below 1.2145 levels, the correction may extend to the 1.2060 support.

AUDUSD

The pair tried to break the resistance at 0.7820, but it failed to do so, and it is possible to extend the drop to 0.7680, and further to 0.7590.

The resistance level is 0.7820. It is important to breach this level to continue rising to 0.7890.

Gold

Gold broke the support level 1880 and achieved its target that we expected in the latest analysis at levels of 1855, and it is possible that if it remains below this level, the decline will extend to the levels of 1840 - 1820.

Gold resistance levels are 1860-1880.

Silver

Silver formed important support for it at levels of 27.30, and if it trades above it, it is possible to extend the rise to levels of 28.65, which by surpassing it may extend the rise to 29.80.

But if the 27.00 support is broken, the drop may extend to 26.00/70 levels.

Oil

Oil is still moving within an ascending channel and it is likely to extend the rise to levels 73.50-75.00.

Support levels 70.50 - 69.00.

Dow Jones

The Dow Jones is facing a good support level at 34200 if it maintains above this level, it is likely to bounce higher to test 34700/850.

But if it breaks the support 34200, the drop may extend to the levels of 34000-33700.

DAX

The German DAX index succeeded in rising to the upper boundary of the ascending channel 15800 and corrected from it a little, and the correction is likely to extend to the support levels 15600-15500.

If he succeeds in rising above 15800, the rise may extend to 16000 levels.

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