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technical analysis report

3 Mar 2022 01:53 PM

 EURUSD

The pair fell and broke the support level 1.1120, and the decline is likely to extend to 1.1000-1.0980 levels.

Resistance levels for the pair 1.1120-1.1200.

GBPUSD

The pair is still maintaining the 1.3350 support level, so by maintaining it, the current rise will likely extend to the 1.3500 level.

But if the price fell below the support level 1.3350, this will likely contribute to the extension of the decline to 1.3250 - 1.3180 levels.

USDJPY

The pair succeeded in rebounding from the support level at 114.35, and it will likely test the resistance 116.35, which represents the upper boundary of the ascending triangle on the daily chart, and by breaching this resistance, the rise will likely extend to levels 117.00-117.50.

Support levels for the pair are 114.80-114.35.

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 declined and broke the 1.2650 support, and it is likely that if prices remain below this level, the decline will extend to 1.2550-1.2450 levels.

The resistance levels for the pair are 1.2650-1.2700.

AUDUSD

The pair rose and succeeded in surpassing the resistance level of 0.7300, so it is likely that if it remains above it, the rise will extend to the levels of 0.7400-0.7450.

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

Gold

Gold fell to the support levels of 1921 and succeeded in rebounding from it, and it is likely that by maintaining this support the rise will extend to the levels of 1939-1950.

But if it breaks the support level 1921, it will likely go back down to levels 1914-1900.

Silver

Silver tried to surpass the resistance level 25.50, but it failed, and it is likely to carry out a correction process to levels of 24.80, which by breaking it may extend the decline to levels of 24.00.

But if silver succeeds in surpassing the 25.50 resistance, the rise will likely extend to 26.00 - 26.50 levels.

Oil

Oil fell after achieving its highest price today at 114.50, and the current correction is likely to extend to the support levels 103.60-102.00.

Oil resistance levels 109.00-110.70.

Dow Jones

The Dow Jones index declined and succeeded in achieving the downside target of 33000 and rebounded from it to 34000 levels, and it likely surpassed the 34100 resistance, to extend the rise to 34500-35000 levels.

But if it fails to cross 34100, it is likely to fall to 33,000 points, which in case of breaking it may extend the decline to 32500-32000 levels.

DAX

The German DAX index declined and tested the support level 13800, but succeeded in rebounding from it, and it is likely that by maintaining it, the correction will extend upwards to the test at 14500-14800 levels.

Support levels 13700, if broken, the decline may extend to 13300 levels.

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