Technical analysis report

12 Oct 2020 04:38 PM

EURUSD

The pair succeeded in achieving the target of 1.1800, and if the pair is stable above 1.1720 levels, we will target 1.1850 - 1.1900.

As for the pair's decline below 1.1720 levels, declines are expected to continue to 1.1695 levels, which breaching them may target 1.1600.

GBPUSD

The pair succeeded in surpassing the 1.30 level, and as long as it maintains this level, we expect to target 1.3060 - 1.3150.

The support level is 1.30 - 1.29

USDJPY

The pair succeeded in surpassing 105.60 resistance, and it is expected to target 106.75-107.00.

The pair's support levels are 105.00 - 104.00.

USDCHF

The pair broke the support 0.9130, so we are expected to target 0.9070 - 0.9050 levels.

The pair's resistance levels 0.9130 - 0.9200.

USDCAD

The pair succeeded in achieving the expected target at 1.3130, and if it maintains this level, it is expected to rise to test 1.3240.

If the pair stabilizes below 1.3130 levels, it may target 1.3040

AUDUSD

The pair succeeded in surpassing 0.7200 and is now testing it as a support level, and we expect to maintain it, targeting 0.7250 / 0.7270 levels.

If the pair fell below 0.72, it may continue fell to support 0.7140 - 0.7100.

Gold

Gold tried to stabilize at $ 1900/1910 levels. But it fell below it so it is expected to decline to 1850/1860 levels.

If successful, steady above 1910, it is expected to target 1920-1950 levels.

WTI

Oil faces resistance at $ 41.70 and failed in surpassing it and breaking the support of $ 41.00. Therefore, the decline is expected to continue, targeting 39.00, and then 37.00.

Oil resistance 41.70 - 43.00.

Dow Jones

The Dow Jones index succeeded in achieving its expected targets and reached the level of 28500 and is still in the slow rising momentum.

If the index succeeds at stabilizing above 28500, it is expected to target 29000 - 29200. But if the price pullback from current levels, it will face support at 28500-28250 levels.

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