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technical analysis report

technical analysis report

23 Feb 2022 02:01 PM

 EURUSD

The pair succeeded in rebounding from the support level 1.1290, and by maintaining this support, it is expected to rebound to 1.1400 levels, and by surpassing it, the rise may extend to 1.1480 levels.

But if the pair breaks 1.1280, the decline is likely to extend to 1.1190 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 is moving within a bearish channel on the hourly basis, and the pair approached testing its upper boundary at the level of 115.25, and it is likely that if it fails to cross it, it may fall again to the level of 114.45-114.00.

But if the price break 115.25, the rise may continue to 115.75 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 rose and approached the strong resistance level 0.7300, which is likely to be breached, and this may contribute to extending the rise to levels 0.7400-0.7450.

But if the pair fails to stabilize above the 0.7300 level, it will likely fell again to 0.7170 levels.

Gold

Gold succeeded in rising to the resistance level of 1914, but it failed in surpassing it and retreated from it, and it is likely that as long as it trades below this level, the correction may extend to 1890/1885 levels.

But if the resistance 1914 is crossed, this will likely rise to the levels of 1925-1940.

Silver

Silver is moving between the borders of an ascending channel and rebounded from its lower border and succeeded in surpassing the $24.00 resistance level, so the rise is likely to extend to 24.60.

But if the price fell from the current levels, it may face the support levels 23.60/40.

Oil

Oil rose to test the resistance level of $94.00, but did not succeed in surpassing it and retreated from it, therefore, the correction is likely to extend to levels of 90.00-87.50.

But if it succeeds in surpassing the resistance 94.00 and prices holding above it, the rise is likely to extend to the level of $96.00.

Dow Jones

The Dow Jones fell and succeeded in achieving the downside target 33600 and rebounded from it to 34000 levels, and it is likely to return to the downside to 33100 points.

The resistance levels are 34100-34500.

DAX

The DAX is testing the resistance at 14800, and it is likely that if it fails to cross it, it will likely redrop to levels 14500 - 14000.

The resistance levels are 14800 - 15000.

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