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technical analysis report 11-02-2022

11 Feb 2022 02:30 PM

EURUSD

The pair fell below 1.1400 levels, and if it is stable below this level is likely to extend the decline to 1.1360-1.12.80 levels.

The resistance level for the pair is 1.1400, then the stronger resistance is 1.1480, which is important to be stable above it for a continuing rise to 1.1550/1.1600 levels.

GBPUSD

The pair succeeded yesterday in rising and testing the resistance level 1.3650, but it failed to surpass it and retreated from it.

But if the pair maintains the 1.3500 support, it is likely to test the 1.3650 resistance again.

On the other side, if the price breaks the support of the 1.3500 level, the price may continue to fall to 1.3440 levels.

USDJPY

The pair succeeded in achieving the ascending target of 116.25, but it did not succeed in surpassing this level and retreated a little from it, and the correction is likely to extend to 115.70 levels, which if broken, may extend the decline to 114.80 levels.

But if the resistance 116.25 is crossed, and prices remain above it, It is likely to continue to rise to 117.00/117.50 levels.

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 is the lower boundary of the horizontal channel.

The resistance levels are 0.9270-0.9350.

USDCAD

The pair declined from the resistance level of 1.2800, but it is still stable above 1.2650, which if broken, may extend the decline to the level of 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 is testing the support level at 0.7100 and maintaining this level will likely rebound to rise to the levels of 0.7200-0.7280.

Support levels for the pair are 0.7100-0.7050.

Gold

Gold failed in stabling above the resistance level 1834 and fell below it and is likely to face some correction to the levels of 1815-1800.

But if it succeeds in stabilizing above the 1834 resistance, the rise will likely extend to the levels of 1845-1855.

Silver

Silver succeeded in achieving the expected target at 23.30, but it did not manage to stabilize above it and fell below it again, therefore, it is likely to face some correction to the support levels 22.70-22.00.

But if the price is stable above the resistance 23.30, the rise is likely to extend to levels of 23.70-24.00.

Oil

Oil is still stable above the support level 87.40, and the rise is likely to extend to levels of 90.50 then 91.75.

But if the price continues to fall below 87.40, this is likely to continue to fall to 85.70 levels.

Dow Jones

The Dow Jones index failed in stabilizing above the resistance level 35700 and retreated from it, but it still maintains the support 34770, which if breaking this support may continue to fall to 34000-33600.

Resistance levels are 35700/36000.

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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