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Technical analysis report

1 Jun 2021 03:39 PM

EURUSD

The pair failed to stabilize above the resistance 1.2240 and tested the 1.2160 support, and despite breaking it, it rose again above it.

Resistance of the pair 1.2240 / 50, by surpassing it, the pair may continue rising to 1.2300 / 50 levels.

But if it breaks the 1.2160 support and holds below it, the drop will likely extend to 1.2060 levels.

GBPUSD

The pair tried to surpass the resistance 1.4240, but failed to do so and retreated from it, so the decline may extend to 1.4100, which if broken, may extend the decline to 1.40 levels.

But if it maintains the 1.41 support, it is likely to go back up and test 1.4240, which by surpassing it may extend the rise to 1.4300/70 levels.

USDJPY

The pair tried to stabilize above 109.75, but failed and fell below it again, so it is possible to extend the decline to levels of 108.95.

The pair's resistances are 109.75 - 110.25.

USDCHF

The support level for the pair is 0.8930, if it succeeds in maintaining it, it will likely rebound to test 0.9030/50, which by surpassing it may contribute to extending the rise to 0.9100 - 0.9160 levels.

Support levels at 0.8930, and if broken, the drop may extend to 0.8870.

USDCAD

The pair retreated and established a support level at 1.2011, so it is possible that, by maintaining the level, it will rebound to the top to test the resistance level of 1.2140-1.22.

However, if the pair breaks the support 1.2011, the drop of 1.1900 will likely be extended.

AUDUSD

The pair tried to break the resistance at 0.7820, but it failed to do so, and it is possible to extend the drop to 0.7680, and further to 0.7590.

The resistance level is 0.7820. It is important to breach this level to continue rising to 0.7890.

Gold

Gold is moving between the borders of an ascending channel and it is possible to extend the rise to levels 1920-1935.

Support level are 1900-1880.

Silver

Silver is moving between the borders of an ascending channel, and 27.00 represents important support for it, and as long as it trades above it, it is possible to extend the rise to levels 29.00 - 29.80, which represents the upper boundary of the channel.

But if the support at 27.00 is broken, the drop may extend to 26.00 levels.

Oil

Oil succeeded in surpassing the resistance 67.80, so it is possible to extend the rise to levels 70.00 - 72.00.

Support levels are 67.80-66.50.

Dow Jones

The Dow Jones index succeeded in surpassing the resistance 34250, so it is possible to extend the rise 34700-35090.

The support level 34400, if broken, may extend the decline to 34000 - 33700.

DAX

The DAX index succeeded in surpassing the resistance 15600, and it is possible that, with its stability above it, the rise may extend to 15700-15850.

But if it falls below 15600 points, the drop may extend to 15400-15300 levels.

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