Technical analysis report

13 Oct 2020 04:36 PM

EURUSD

This pair is still maintaining its movement inside a bullish channel over the four-hour chart. If it maintains its support level at 1.1780, we expected it to target 1.1830 - 1.1870.

If the pair breaks 1.1780 support, we expect it to decline to 1.1720 - 1.1690 levels.

GBPUSD

This pair succeeded in surpassing 1.30, and if it maintains this level, we expect it to target 1.3060 - 1.3150.

The support level is 1.30 - 1.29

USDJPY

This pair is still moving above 105.00, so we expect the pair to continue rising to 106.00 - 106.50.

Support levels: 105.00-104.00

USDCHF

This pair broke the support level 0.9130, so we expect it to target 0.9070 - 0.9050 levels.

The pair's resistance levels are 0.9130 - 0.9200.

USDCAD

This pair faces support at 1.3100, and if it stabilises above these levels, it may target resistance at 1.3240.

But if the pair breaks its support level at 1.3100, it may target 1.30.

AUDUSD

The pair succeeded in surpassing 0.7200 and is now testing it as a support level, and we expect to maintain it, targeting 0.7250 / 0.7270 levels.

If the pair fell below 0.72, it may continue fell to support 0.7140 - 0.7100.

Gold

Gold faces resistance at 1930/1940, so we expect that if it trades below these levels, it is ready to retreat to 1900-1850 levels.

If it crosses 1940 resistance, we may target 1970-2015 levels.

WTI

Oil faced resistance at $41.70 and failed to surpassing, going on to break the support of 41.00. We expect the decline to continue to target 39.00, and then 37.00.

Resistance: 41.70 - 43.00.

Dow Jones

The Dow Jones succeeded in achieving our expected targets, reaching the level of 28950, and it is still riding some slow-rising momentum.

If the index succeeds in stabilising above 28600, we expect it to target a peak of 29200 points. If the price falls again, it will face support at 28500 - 28400.

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