Technical analysis report

24 Aug 2020 04:11 PM


This pair tried to surpass the upper bound of the cross-region of $1.1900, but it went on to retreat below it. Our expectations are for it to test 1.1700 levels.

In the event of a rise and beyond the 1.1950 resistance, the pair may target 1.20 - 1.2050 levels.


This pair retreated against the dollar to the support level of $1.3060. Our expectations are that if it is able to maintain this level, the pair could rise and test the 1.3270 levels.

However, our outlook will change if the price breaks the 1.3060 and 1.2980 support, when the pair could drop to 1.2900 / 1.2800 levels.


This is still below 106.00 levels, and we expect it to continue its decline to support levels of 105.00 - 104.00.

The pair's resistance levels are 106.00-107.00.


Gold is moving between the $1924 support and the 1956 resistance.

We expect a break of the support level of 1924 to target the levels of 1900, then 1860.

In crossing the 1956 resistance, we expect gold to rise to the next resistance at 1990 levels.

Gold is currently facing weaknesses in its performance that may lead to a corrective decline, but the general trend is still bullish.


Oil is facing a support level of $41.70. We expect it to maintain it while targeting 43.50; if it surpasses this, the next target would be 45.00.

In the event of a break of the 41.70 support, oil may fall to 40.50-39.00.

Dow Jones

The Dow Jones faced a correction after the upside movement it achieved during the previous sessions. We expect that, if it surpasses the 28150 resistance level, the index will continue rising to 28500-2900 points.

Support levels are 27450; if it breaches this, it may retreat to 27000 levels.


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