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Technical analysis report

22 Mar 2021 04:39 PM

EURUSD

The pair is still maintaining the support at 1.19, so it is likely to test the resistance 1.1988, which surpassing it may head towards 1.2070.

If it falls below 1.19, it might head for the next support at 1.1780.

GBPUSD

The pair succeeded in reaching 1.4000 and surpassing it would favor an extension of the rise to 1.4200.

But if the price is below 1.38, it will likely drop to test the 1.3600 support.

USDJPY

The pair approached the resistance level of 109.60 / 85, and it is possible to break this area to open the way for more bullish path to the upside towards the level of 111.70.

But if the price is trading below the mentioned resistance, it will likely test the 108.00 support.

USDCHF

The pair is moving between the support 0.9229 and the resistance 0.93, which by surpassing it may suggest an extension of the rise to levels 0.9375 - 0.9466.

However, if the price fell below 0.9229, the possibility of a decline for the next support at 0.9135.

 

USDCAD

The pair is still moving between the boundaries of the descending channel, and the negative view will not change except. If the price rises above the level of 1.2750, and any corrections to the upside may be a correction before descending again.

Support levels, the price is likely to try 1.2370 / 1.2300.

AUDUSD

The pair tried the support 0.77 and succeeded in maintaining it, and it is possible that it remained stable above, favoring the rise, and testing 0.7820, which by surpassing it, may extend the upside move to 0.7900.

However, a break of 0.77 support may suggest the drop to the next support at 0.7600.

GOLD

Gold succeeded in maintaining the support 1727 and rebounding from it, which represents the support of the lower boundary of the ascending channel, and it is possible that it will test the resistance 1747 by surpassing it, and the upward trend may extend to levels of $ 1765.

But if gold falls below 1720 levels, the downside trend may extend to 1700-1675.

Silver

Silver is moving between levels of support at 24.50 and resistance at $ 28.00. We expect it to maintain 24.50 as a support level, and it will likely rebound to the upside and test the resistance at 28.00.

However, if the support 24.50 is broken, the decline may continue towards 21.87.

Oil

Oil retreated to the support level 58.80 and succeeded in maintaining it and bouncing from it, and it is likely that it would test the resistance 63.50.

If the price retreat, it may face the support levels 58.80 - 57.00.

Dow

The Dow Jones index fell and broke the support area 32700, and it is likely to test the support 32200, and if it breaks it, it may head to the next support at 31900.

But if it rose above the 32800 area, the uptrend might extend to 33200 levels.

DAX

The DAX is moving inside a rising channel and tested the bottom boundary of it at 14530 and succeeded in bouncing from it, and this may suggest an extension of the upside move towards 14800/900.

If the index falls below 14500 levels, the downside trend may extend to 14350-14200 levels.

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