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technical analysis report

15 Mar 2022 03:10 PM

 EURUSD

The pair rebounded from the support level of 1.0900 and succeeded in surpassing the resistance of 1.0975, which if it remains above it, the rise may extend to the levels of 1.1050 - 1.1090.

But if the price fell below 1.0975, it is likely to decline to test the 1.0900 support, which by breaking it may contribute to extending the decline to 1.0840 levels.

GBPUSD

The pair fell and broke the 1.3180 support and tried to test it again as a resistance level, but it failed in rising above it and retreated from it, and this drop is likely to extend to 1.2900 levels.

But if the pair succeeds in surpassing the resistance 1.3180, the rise is likely to extend to 1.3300 levels.

USDJPY

The pair succeeded in breaching the strong resistance 116.40 and extended the rise to 118.00 levels, and is likely to extend to 119.40 levels.

Support levels for the pair are 117.00-116.40.

USDCHF

The pair succeeded in surpassing the upper boundary of the horizontal channel, which was moving inside at 0.9360, and the price stability above this level may extend the rise to levels of 09400 - 0.9470.

Support levels for the pair are 0.9360 - 0.9300.

USDCAD

The pair faces the resistance level of 1.2900, it is likely that as long as the pair is trading below this level, it may decline to 1.2800 levels, and by breaking it may extend to 1.2720 levels.

But if the resistance at 1.2900 is exceeded, the rise is likely to extend to 1.2950 levels

AUDUSD

The pair declined and broke the support level at 0.7240, therefore, the decline is likely to extend to the levels of 0.7090 - 0.6980.

The resistance levels for the pair are 0.7250 - 0.7300.

Gold

Gold retreated and broke the $1947 support, and the decline extended to 1920 levels, and the decline is likely to extend to levels of $1885

But if it maintains the 1920 support, it is likely to test the levels of 1935 - 1945.

Silver

Silver fell below the support level of 25.00 and it is possible that if prices remain below this level, the decline may extend to levels of 24.00.

Resistance levels 25.00 - 25.50.

Oil

Oil tested the support level at 92.00 and succeeded in rebounding quickly to the upside and is likely to test it at 96.00 - 99.00.

The support level 92.00, in case it is broken, may extend the decline to levels of 87.00.

Dow Jones

The Dow Jones managed to rise above the 33000 level and the rise is likely to extend to the 33300-33500 levels.

But if the price fell below the 33000 level, the decline will likely extend to 32800 levels.

DAX

The German DAX index rebounded from the support level 13500, and the rise is likely to extend the experiment to 14100, which by surpassing it may extend the rise to 14450 levels.

Support levels 13500 - 13300.

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