Technical report 1-02-2022

Technical report 1-02-2022

1 Feb 2022 03:59 PM

 EURUSD

The pair rose and retested the 1.1280 level, if it fails to surpass this level, it is likely to return to the decline to 1.1180-1.1120 levels.

But if the resistance level 1.1280 is exceeded, the rise is likely to extend to 1.1366 levels.

GBPUSD

The pair is facing a strong resistance level at 1.3525, and, likely, it will not be exceeded, and it may face descending operations for the support levels at 1.3440, which if broken, may extend the decline to 1.3355 levels.

But if the resistance 1.3525 is crossed, the rise will likely extend to 1.3570.

USDJPY

The pair fell to the 114.50 support level, and it is likely that by maintaining this level, we will find some upward correction that might target 114.85-115.20 levels.

But by breaking the 114.50 support, the drop is likely to extend to 114.30 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 represents the lower boundary of the horizontal channel.

The price resistance levels are 0.9270-0.9350.

USDCAD

The pair is moving within an ascending channel range and succeeded in rebounding from the lower boundary at 1.2650, and the rise is likely to extend to 1.2790, and by surpassing it, the rise may extend to 1.2850.

Support levels for the pair are 1.2650-1.2600.

AUDUSD

The pair is moving within a descending channel range and is now trading near its upper limit at 0.7110, and the pair is likely to decline from this level to re-test 0.7030-0.6970 levels.

But if the pair succeeds in surpassing 0.7110 levels, the rise is likely to extend to 0.7180 levels.

Gold

Gold is facing a resistance level around 1808/1810, and if it fails in surpassing this level, it is likely to face declines to levels 1800-1785.

But if he succeeds in surpassing 1810, the rise is likely to extend to the levels of $1830.

Silver

Silver succeeded in surpassing the 22.80 resistance, so the rise is likely to extend to 23.30 levels.

Support levels are 22.80-22.25.

Oil

Oil retreated from the resistance level 87.70 and is likely to test the support level 85.60, which in case it is broken may extend the decline to levels 84.50-83.80.

Oil resistance is 87.70-88.20.

Dow Jones

The Dow Jones index succeeded in rebounding from 33700 levels and is now trading near the 35100 level, and the current rise is likely to extend the experiment to 35600 levels.

The support levels for the index are 34600-34000.

DAX

The German DAX index fell to the lower boundary of the 15000-cross channel, but succeeded in rebounding from it, and is now trading near the 15650 level, and the rise is likely to extend to 16000-16300 levels.

Support levels 15500-15000.

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