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Technical analysis report

10 Jun 2021 04:24 PM

EURUSD

The pair is still trading below 1.2250 levels, so it may remain in a correction until it surpasses it to complete its rise to 1.2350 levels.

The pair's current resistance is 1.2210/50 levels.

Support levels on the downside are 1.2100 - 1.2048.

GBPUSD

The pair is moving between the borders of an ascending channel and represents the support for it at the level of 1.4100, and if it is above this level, it is likely to test the resistance 1.4240, which by surpassing it may extend the rise to 1.4370 levels.

If the pair fell below 1.41, the decline is expected to extend to levels of 1.40.

USDJPY

The pair is moving between the two borders of an ascending channel and has retraced from its upper border, and the decline is likely to extend to the support level 109.00.

If it maintains the support of 109.00, it is expected to rebound from it to rise to levels 109.70 - 110.40.

But if the pair breaks the support 109.00, the decline will likely extend to 108.50/30 levels.

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 broke the support level 1880 and settled below this level, the decline is likely to extend to the levels of 1855.

But if it rises above 1882 levels, it may test the resistances 1900-1915.

Silver

Silver formed important support for it at levels of 27.30, and if it trades above it, it is possible to extend the rise to levels of 28.65, which by surpassing it may extend the rise to 29.80.

But if the 27.00 support is broken, the drop may extend to 26.00/70 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

The Dow Jones is facing a good support level at 34400, as long as it holds above this level, it is likely to bounce higher to test 34700/850.

But if it breaks the support 34400, the decline may extend to the levels of 34200-34400.

DAX

The German DAX index has strong support at 15500 levels, as long as it maintains it, it is qualified to rise to 15700/800 levels.

As for breaking the support 15500, the decline may extend to 15400-15350 levels.

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