Technical analysis report

22 Oct 2020 04:51 PM

EURUSD

This pair succeeded in achieving our 1.1830 target.

If the pair stabilizes above this support level, we may target 1.1870; if it breaches this, we may target 1.1900
However, if the pair breaks through 1.1830, it may continue falling to 1.1750.

GBPUSD

This pair edged higher to the resistance level of 1.3175, but later retreated slightly. We expect the pair to continue its decline to the support levels at 1.30, and if the pair breaks it, we may target 1.2900.

Resistance: 1.3175 - 1.3250.

USDJPY

This pair fell below the support level of 105.00, so we expect it to target 104.00 levels. If it breaks these, we may target 102.50.

Resistance: 105.00 - 106.00

USDCHF

This pair rebounded from the support level of 0.9035, and we expect it to target 0.9090 - 0.9110.

The pair's support levels are 0.9050 - 0.9930 - 0.9000.

USDCAD

This pair retreated from the upper bound of the descending channel at 1.3175, and we expect it to target 1.3100 - 1.3080.

The pair's resistance is 1.3175; if breaches this, we may target 1.3200 - 1.3250.

AUDUSD

This pair faces immediate resistance at 0.7140 / 50 levels. We expect it to retreat from it and target the 0.7000 support levels.

If the pair succeeds in surpassing 0.7150, then we would target 0.7200 - 0.7250 levels.

Gold

Gold is moving within an ascending channel and faces resistance at $1930. If it breaches this level, we may target the 1950/1970 area

Support levels - in the event of a rebound from the current levels - are 1900-1880.

Oil

Oil faces resistance at $41.70. If it fails to overcome this, we expect it to decline to its support levels of 39.50 - 39.00.

If it succeeds in breaching the 41.70 resistance level, we may target 43.50.

Dow Jones

The Dow Jones fell below the support level of 28200; it it remains below it, we expect it to target levels of 27650 points.

Resistance: 28200 - 28500.

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