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Technical analysis report

30 Mar 2021 03:03 PM

EURUSD

The pair retreated and approached the 1.1760 support and if this level were to be broken, the drop could extend to the level of 1.1600.

Possibly, if prices stabilities above 1.1760, it might test the levels of 1.1888 - 1.1980.

GBPUSD

The pair formed a head and shoulders pattern, and a breach of 1.3740 is likely to extend the drop to 1.3670.

But if the pair succeeds in rising above 1.3785, the rise may extend 1.3850/75.

USDJPY

The pair succeeded in breaking the upper bound of the sideways channel 109.85, so the rise may extend to 111.25.

Support levels for the pair in the case of a decline 109.85 - 109.30.

USDCHF

The pair succeeded in surpassing 0.9375 resistance, so it is likely that the rise will extend to 0.9466 levels.

However, if the price went below the 0.9375, the pair could face an immediate support at 0.9229.

 

USDCAD

The pair is still moving near the upper bound of the descending channel, and it is likely to decline to 1.2490 - 1.2370.

The negative scenario will not change except in the case of the price rising above 1.2750, and any corrections to the upside may be a correction before falling again.

AUDUSD

The pair is still maintaining the support at 0.7600, so it is likely to hold steady above 0.7700 - 0.7840.

But if we break the support 0.7600, it is possible fell to 0.7450.

Gold

Gold retreated below the support levels of 1700, and it is likely to remain steady below this level to extend the decline to 1675-1650 levels.

The resistance levels for gold are at 1720, and in the event that it exceeds the next resistance at 1750.

Silver

Silver broke the important support at 24.50, and it is likely that it will remain intact below this level to continue its decline towards 21.87.

It is important to maintain the 24.50 level, to see a rise that extends to 26.50

Oil

Oil is moving in a sideways move between the $62.00 resistance and it is now near it, and it is likely to rebound from it to support the sideways channel at $57.00.

But if it succeeds in surpassing $62.00, the rally will likely extend to $ 63.50.

Dow

The Dow Jones records it highest level at 33229, and if it succeeds in surpassing this level, the rise may extend to reach new highs of 33500.

But if the price retreat from the current resistance, the drop may extend to test the support 32800, and then retreat below it, it may retreat to the next support at 32069.

DAX

The DAX has surpassed the 14800 high so the uptrend will likely extend and see new historical highs above 15000 levels.

And if it reverses from the current levels, it may test the support 14800, which in case it is broken, the downside move may extend to the next support at 14400.

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