Technical report 2-02-2022

Technical report 2-02-2022

2 Feb 2022 01:10 PM

 EURUSD

The pair rose and retested the 1.1280 level and succeeded in surpassing it, and it is likely that if it remains above this level, the rise will extend to 1.1366 levels.

But if the price fell below the 1.1280 level, it may return to 1.1180-1.1120 levels.

GBPUSD

The pair is facing a strong resistance level at 1.3525. If it remains above it, it is likely to extend the rise to 1.3570 - 1.3650.

But if it falls below 1.3525, the price may fall to the 1.3440 support levels, which if broken, the decline may extend to 1.3355 levels.

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. It succeeded in surpassing its upper limit at 0.7110, and the rise is likely to extend to levels of 0.7180-0.7260.

Support levels for the pair 0.7100-0.7070

Gold

Gold rebounded from the support level of 1795 and the rise will likely extend to retest the $1810 level, which in case it is exceeded, the rise may extend to the levels of $1830.

Support levels 1795 - 1780.

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 faces a resistance level around $88.00, and it is likely that by breaching it the rise may extend to levels of $90.00-93.00.

But if it fails to cross 88.00, it will likely go back down to test 85.70.

Dow Jones

The Dow Jones index succeeded in rebounding and rising and approached the resistance level of 35600, which by surpassing it may extend the rise to the level of 36000-36500

Support levels for the index 35000-34800.

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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