Technical analysis report

18 Jun 2020 02:18 PM

EUR/USD technical analysis

This pair is trading near the support of 1.1240 and we expect that, if broken, it may then target the level of 1.1150. If this is maintained as a support level, we may rebound to 1.1350 and if this is in turn bypassed it may target 1.1400.

GBP/USD technical analysis

This pair retreated from the resistance level of 1.2640 and is now close to the support of 1.2500. If broken, we may target 1.2360, but If the price rises and stabilizes above 1.2640, we may target 1.2730 / 1.2800 levels.

USD/JPY technical analysis

The pair retreated to the support level of 106.70, succeeded in maintaining it, and we expect that as long as it trades above it, it may rebound to a resistance level at 107.30. If it breaks the support of 106.70, we may target the 106.00 level.

Gold technical analysis

Gold is still moving in the transverse channel with its upper bound at $1745 levels. We expect a bounce from or before it to test at the support levels of 1700 and then break it targeting 1670.  We anticipate resistance levels at 1745 - 1765.

Oil technical analysis

Oil succeeded in surpassing the 37.30 resistance and we expect the price to hold above it, we may target $40.50 levels. However, if it fails to maintain stability above 27.30, we may fall back to 34.75. If broken, we may target the level of $ 31.00.

Dow Jones technical analysis

The Dow Jones has succeeded in rebounding from the 24800 level and we expect it to continue rising to 27600/28000 levels. If the 24800 support level is broken, the decline may continue to 23000 levels.


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