Technical analysis report

1 Oct 2020 02:29 PM

EURUSD

This pair was trying to test the resistance level at 1.1750, but retreated from it and may fall to 1.1600. If it breaks this, we may target 1.1540 - 1.1500.

If the pair rises above 1.1750, we may target 1.1830 - 1.1850 resistance.

GBPUSD

This pair faces resistance at 1.2900; if it breaks it, we expect to target 1.3000 - 1.3050.

If the pair trades below 1.2900, we expect it to fall and test 1.2750 - 1.2700.

 

USDJPY

This pair is still above 105.00, if it successfully stabilizes above this level, it may test 106.50 resistance.

If the pair falls below 105.00, we may target 104.00.

Gold

Gold succeeded in rising to $1900, but retreated from it slightly, and our expectations are that if it moves below these levels, the decline is expected to continue to 1850/1860 levels.

If it surpasses 1900/1910 levels, we may target 1950/1970 levels.

WTI

Oil has retreated to the lower bound of the sideways channel it is moving in at $38.90, and we expect if it maintains this as a support level, a rebound is possible to the upside, targeting 40.80 - 41.70.

If the price breaks 38.90 support, we may target 37.00.

 

Dow Jones

The Dow Jones index succeeded in overcoming 27750 resistance and rose to 28000 points. We expect that the rise will continue, targeting 28400 and then surpassing it, targeting 29000 points.

Index support levels at 27,700 - 27,200.

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