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technical analysis report

8 Feb 2022 11:46 AM

 EURUSD

The pair fell from the resistance level of 1.1480, and the decline is likely to extend to the levels of 1.1380 -1.1300.

But it is possible that if it breaks 1.1480, it may continue to rise to 1.1550 levels.

GBPUSD

The pair succeeded in maintaining the support level 1.3500, and it will likely test the resistance level 1.3550, by which it may extend the rise to levels 1.3580-1.3600.

But if prices remain below 1.35, the decline will likely extend to 1.3440 levels.

USDJPY

The pair is facing the resistance level of 115.70, and by surpassing this resistance, the rise is likely to extend to levels of 116.20.

Support levels for the pair are 114.90/60.

USDCHF

The pair is moving in a sideways range on the daily chart. After testing the upper boundary of the channel at 0.9350, it retracted from it, and the current decline is likely to extend the test to the 0.9090 support, which represents the lower boundary of the horizontal channel.

The price resistance levels are 0.9270-0.9350.

USDCAD

The USD/CAD pair fell from the resistance level of 1.2800, and the decline is likely to extend to 1.2650 levels, which if broken, may extend the decline to 1.2570.

But if it succeeds in surpassing the resistance of 1.2800, this may contribute to the extension of the rise to 1.2860/1.2700 levels.

AUDUSD

The pair faced resistance around the 0.7160 level, and it tried more than once to surpass this level, but it fell from it to the support level 0.7050 and rebounded slightly from it to the upside. It is likely to retest at the level of 0.70/0.6980

The pair's resistance is 0.7160, it is important to break it to prove the intention to rise to levels of 0.7220.

Gold

Gold succeeded in surpassing the resistance 1810, and it is likely that if prices remain above it, the rise will extend to the levels of 1820-1830.

But if the price fell below the level of 1810, the decline is likely to extend to the levels of 1800-1790

Silver

Silver succeeded in surpassing the resistance level at 22.80, and it is likely that if it remains above it, the rise will extend to levels of 23.30.

Support levels 22.20-21.80.

Oil

Oil succeeded in extending the rise to 91.75, but it faced some correction from it to levels of $90.00, and the correction is likely to extend to levels of 88.00.

But if oil succeeds in surpassing the resistance of 91.75, the rise is likely to extend to levels of 93.00/94.00.

Dow Jones

The Dow Jones index failed to surpass the resistance 35600 and retreated from it near the 35000 level, which is breaking it may extend the decline to 34600/34000 levels.

It is important to surpass the resistance 35600 and price stability above it to prove the intention to rise to levels 36300 - 37000.

DAX

The German DAX index fell to the lower boundary of the 15000 cross channel, and it is likely that by maintaining it, it will rebound to the upside to test it at 15700-16000 levels.

Support levels 14800/15000.

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