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Technical analysis report

25 Mar 2021 03:48 PM

EURUSD

The pair retreated against and approached 1.1760 support, which in case this is broken, the drop will extend to the level of 1.1600.

Possibly, in case of maintaining stability above 1.1760, it might test the levels of 1.1888 - 1.1980.

GBPUSD

The pair moves in sideways channel it was moving inside and broke the support 1.3780, so the drop is likely to extend to 1.3650 - 1.3565 levels.

But if it rises above 1.38, it is likely to test the 1.40 resistance.

USDJPY

The pair is moving in a sideways channel between 108.30 support and 109.30 resistance. If the support is broken, the drop may extend to 107.00.

And, with breaching the resistance 109.30, the rise may extend to 109.85, and surpassing it may extend to 111.25.

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 succeeded in achieving its target we mentioned at 0.7600. Possibly a decline below 0.7560 levels, to extend the decline to 0.7450 - 0.7220 levels.

The negative outlook on the pair will not change except by surpassing the resistance 0.7840, and any correction to higher than the current levels is likely to be a correction only and it will return to the downside.

Gold

Gold is moving near the upper bound of the descending channel on the 4-hour chart, and it is likely to rebound from it to the downside and test 1718, which by breaking it may extend the drop to 1700-1776.

But if it succeeds in overcoming the resistance in 1747, the rise may extend to $ 1766.

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 near the support at $57.00, but it rose again above 58.80, and if it stabilized above it, the rise is likely to extend to $ 62.00 levels.

But if it dips below $ 57.00, the drop will likely extend to 53.80 levels.

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 German DAX breached the support level 14500, so the downside move is likely to extend to 14350-14200 levels.

Current index resistance is 14680-14780.

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