Technical analysis report

26 Jun 2020 03:59 PM

EUR/USD technical analysis

This pair is floating in a cross range between a 1.1350 resistance level and a 1.1166 support level. We expect to test the support level and if this is broken we may target 1.1000 levels. In the event of a rebound from either the support level or from the current levels it may target 1.1350 resistance levels. If these are bypassed, it we may target 1.1450 / 1.15.

GBP/USD technical analysis

This pair is trading between the two sides of a descending channel, having retreated from the upper bound, and we expect it to target 1.2335 levels. If broken, we may target 1.2200 levels, which represent the lower limit of the channel. The resistance level 1.2550 may be crossed; if so, we would target 1.2650 levels.

USD/JPY technical analysis

This pair tested 107.30 resistance, but it could not be overcome, so it retreated from it and we expect the decline to continue to support 106.70, which by breaking it we may target 106.00 support. If the price success to break through 107.30 resistance, we may target 107.60 then 108.00 levels.

Gold technical analysis

Gold is moving around a resistance level of 1765, but it has not settled yet. Our expectations are that it will retreat to experiment at the levels of 1750 - 1730 dollars.

Oil technical analysis


Oil fell to 37.30 support levels and succeeded in rebounding to $39. Our expectations are that if the rise is completed, it will face resistance at 40.50, and then surpassing it might target 41.70 levels. However, in case it retreats from the current level, it may test 37.30 again. If this happens, we may target 34.75 support.

Dow Jones technical analysis

The Dow Jones is still trading above 24800 and inside the ascending channel, so we expect it to continue rising to 27600/28000 levels. If the 24800 support is broken, declines may continue to 23000 levels.


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