Technical analysis report

14 Oct 2020 03:28 PM

EURUSD

This pair retreated to its support levels at 1.1720, and we would expect a rebound to test 1.1780 -1.1800.

If the pair breaks 1.1720 support, we would expect a drop to 1.1690 - 1.1600.

GBPUSD

This pair retreated below 1.3000 and recorded its lowest price today at support levels of 1.2860. However, it succeeded in bouncing from this support to the upside, and we expect it to test 1.30 levels. If it breaches these, we may target 1.3100 - 1.3150 levels.

If it declines from 1.30 levels, we would expect this pair to test support at 1.2860 - 1.2800.

USDJPY

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

Support levels: 105.00-104.00

USDCHF

This pair rose and tested 0.9160, and we expect it to retreat from these levels to 0.9080 - 0.9070.

If breaks the resistance level of 0.9160, we expected it to continue rising to 0.9200 - 0.9250 levels.

USDCAD

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

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

AUDUSD

This pair fell below 0.7200 levels, so we expect the price to continue falling to support levels of 0.7150 - 0.7095.

Resistance levels: 0.7200 – 0.7240.

Gold

Gold retreated from resistance levels at $1933 to below 1900. Steady below 1900 levels, it is expected to target 1874 - 1850.

If it rises to 1900, it may test 1915 before continuing its decline.

WTI

Oil faced resistance at $41.70 and failed to overcome it, going on to break the support level at 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 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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