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Technical analysis report

24 Jun 2021 04:42 PM

EURUSD

The pair fell to the support levels of 1.1845 and succeeded in rebounding from it a little, and the correction is likely to extend to the rise to 1.1970 levels, which in case it is exceeded, it may extend to 1.2060 levels.

But if the pair breaks the support level at 1.19, the fell may extend to 1.1845-1.18.

GBPUSD

The pair broke the support level of 1.4000 and extended the decline to 1.3800 levels, and retested the 1.40 level, which turned into a resistance level, but it failed to cross it, so the decline is likely to extend to 1.3800 levels, and then by breaking it, it may extend to 1.3670 levels.

But if the pair rises above the 1.40 level, the rise will likely extend to 1.4090.

USDJPY

The pair is moving between the borders of an ascending channel, and it achieved the expected target in the latest analysis at 111.00 levels, which represents the upper boundary of the channel, and it will likely bounce from it to test the support levels 110.25-109.80.

But if the pair succeeds in surpassing the resistance of 111.00, the rise is likely to extend to the levels of 112.00.

USDCHF

The pair retreated from the resistance 0.9240 and tested the support level at 0.9165, but it still maintained stability above, so it is likely to test 0.9240, which by surpassing it may extend the rise to 0.9300.

But if it breaks 0.9165 support, the drop will likely extend to the level of 0.9090.

USDCAD

The pair retreated from the descending trend line at the level of 1.2485, and the decline is likely to extend to the level of 1.22-1.2130.

The pair's main resistance 1.2485, by breaching it, is likely to extend the rise to 1.2550-1.2640 levels.

AUDUSD

The pair is moving between the borders of an ascending channel and rebounded from its lower border, and the rise is likely to extend to 0.7640 levels.

The support level for the pair is 0.7564, in case it breaks it, the decline may extend to levels of 0.7540-0.7500.

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Gold

After gold retreated to the support levels at 1760, it is likely to make an upward correction that might target the level of 1800-1825, and then fall back again to the levels of 1760.

But if gold declines below 1760 levels and stabilizes below it, the decline is likely to extend to 1730 levels.

Silver

Silver approached the ascending trend line support at $25 levels, and it is likely that if prices are trading above this level, silver will re-rise and test at 27.50-29.00 levels.

But if the price broke support at 25.00, the drop may extend to 23.80 levels.

Oil

Oil is still moving within an ascending channel, the support of the lower boundary of the channel, which we expect to test and rebound from at 71.40.

Oil resistance is 74.00-75.00. If the oil breaks the 71.40 support, the correction may extend to 69.50 levels.

DowJones

The Dow Jones index is likely to extend its current rise to the level of 34200, which in case it is exceeded, the rise may extend to 34400.

But if it retraces from the resistance 34200, it may test the support 34000-33700.

DAX

The DAX is trying to rise above the 15650 barriers, and if it remains above it, the rise is likely to extend to 15800-15900 levels. Support levels for the index if the price fell from the current levels 15400-15300.

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