Technical analysis report

5 Oct 2020 03:44 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

The pair faces resistance at 1.2960 and is expected to retreat from it to test support levels at 1.2890 then 1.2800.

If it succeeds in surpassing the resistance area 1.2960/1.30, it is expected to complete the rise to 1.3050 / 1.3100 levels.

 

USDJPY

The pair faced selling pressure from 105.60 levels, and we expect to break the 105.00 support to target 104.20 support.

If the pair succeeds in surpassing 105.80 resistance, we may target 106.50 levels.

USDCHF

The pair faced new support line at 0.9160 and we expect that if price succeeded to stable above it, it may target 0.9215 and then 0.9294.

Support line are 0.9133-0.9070.

USDCAD

The pair faces support line at 1.3260 which is lower boundary of the ascending channel at time frame 4 hours and we expect the price will target 1.3350 and then 1.3420.

But if the price fell and broke 1.3260 support, it will back again to 1.22 and then 1.3130.

AUDUSD

The pair face resistance at 0.7204 and if its successes to breakthrough, it may target 0.7250-0.7300. But if the price trade below previous resistance it may back again to 0.7130 and then 0.7070.

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 succeeded in bouncing from the support level of $37.00 to $39.00.

We expect that if it fails to surpass the 39.00 area, we may retreat to support 37.00 again, which, by breaking it, is targeting 34.50 levels.

But if it succeeds in surpassing the resistance of 39.00, we may target levels of $ 40.50.

 

Dow Jones

The Dow Jones index faces resistance at levels of 27900/28100, from which it is expected to retreat to test at 27200 levels, and then break it, we may target 26900.

But if it succeeds in surpassing the 28100 summit, it is expected to target 28350-28500.

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