Technical analysis report

27 Jul 2020 06:04 PM

EUR/USD technical analysis

This pair hit its expected target at 1.1650, which should complete the rise and target 1.1800 levels, a strong resistance for the pair. We expect that it is currently hindering the rise and it may rebound from it downward. The pair's support levels are at 1.1650 - 1.1500.

This pair is moving inside an ascending channel on the daily frame and we expect stability above 1.2750 resistance, then targeting 1.2900, then 1.3000. The support levels for the pair 1.2750, 1.2630.


USD/JPY technical analysis

This pair is moving inside a falling triangle pattern on the daily frame. The lower boundary of the pattern is at 106.00 levels, and we expect it to rebound from this to test 108.00 or 109.00 resistance. If it breaks the 106.00 support level, we may see a further decline to 105.00 or 104.50.

Gold technical analysis

Gold recorded an all-time high today at $1944, after it surpassed the 1920 peak we saw back in 2011. Our expectation is that if it stable above the 1920 peak, it is expected to complete the rise to the levels of 1950-2000 dollars.

Support levels: 1920 - 1900.

Oil technical analysis

Oil is moving in an upward channel on the four-hour frame. It has succeeded in rebounding from the bottom of the channel, so we expect it to target $43.00 levels. Support levels are 41.50 - 41.00.

Dow Jones technical analysis

The Dow Jones continues to maintain its movements inside the ascending channel on the daily basis and we expect that if it maintains the support of 26000, it could target 27200 and then 27600-29500 points. The support is 26000; if it breaks it, we may target the next support at 24900 points.


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