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Technical analysis report

19 May 2021 04:52 PM

EURUSD

The pair succeeded in achieving its expected targets in the latest analysis at 1.2240 levels and faced a correction from them, possibly extending to 1.2180 - 1.2125 levels.

If the price breached 1.2240, the rise may extend to 1.23 / 50.

GBPUSD

The pair retreated from 1.4220 levels, and it is possible to extend the decline to support levels 1.41, which breaching it might extend to 1.40 levels.

Resistance level 1.4220 / 40 It is important to overcome this level to extend the upside move towards 1.43 - 1.4370 levels.

USDJPY

The pair is moving in a downward channel and bounced back from the upper boundary of it, and the drop may extend to support levels 109.00 - 108.80.

But if it succeeds in surpassing the resistance at 109.33, the rise might extend to 109.50 / 70.

USDCHF

The pair tried to break 0.8985 level, but it succeeded to rise above it again, so it will likely test the resistance 0.9090, which bypassing it may extend the rise 0.9160.

Support levels are 0.8985 / 60.

USDCAD

The pair retreated to the lower bound of the descending channel, which is moving inside at 1.2050 levels, and by maintaining this level it is likely to test at 1.22, which bypassing it may extend the rise to 1.2350.

Support levels for the pair 1.2050-1.20.

AUDUSD

The pair tried to surpass the resistance 0.7820, but it failed to do so, and it is possible to extend the drop to 0.7680 levels, which, by breaking it, may extend the drop to 0.7590.

A resistance level is 0.7820 It is important to breach this level to continue rising to 0.7890 levels

GOLD

Gold succeeded in rising to 1875 levels, but it faced corrections from it that may extend to 1850-1840 levels.

However, if the resistance exceeds 1875, the rise may extend to 1900.

Silver

Silver is moving between the boundaries of a bullish channel, which represents important support for it, and as long as it trades above it, the rise can extend to 29.00 levels, the upper bound of the channel.

But if the support 26.75 is broken, the drop may extend to 26.00 levels.

Oil

Oil retreated from the resistance level of 66.50 to the levels of 64.00, which represents support for it. If it maintains it, we may see a rebound once again to test 66.50.

However, if the support level 63.00 is broken, the drop may extend to 62.00 - 60.60.

Dow Jones

The Dow Jones is now testing the support level 33700, and by maintaining this level, it will likely bounce back to test the resistance 34000-34400.

But if the support 33700 is broken, the drop may extend to 33300 levels.

DAX

The German DAX has tried more than once to surpass the resistance 15500, but it fails and retreats from it, so the drop may extend to 15000-14800.

But if it succeeds in surpassing 15500, the rise may extend to 15700 - 15850 levels.

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