Technical analysis

Technical analysis

18 September 2020
  • 20:18

    NZD / USD is trading above MA (200) H1

    Today, since the start of trading, the NZD/USD pair rose to the highest value since the end of July 2019 ($0.6795), but soon fell slightly to $0.6765 and is trading near the highs since the beginning of September . On the hourly chart, the pair is trading above MA (200) H1 ($0.6695) and on the four - hour chart-above MA (200) H4 ($0.6640). A strong resistance level of $0.6790-95 may keep NZD / USD from further growth. If it breaks through, the price may rise to $0.6840. The $0.6660 level represents support. If this level is passed, the pair may follow a correction to $0.6675-95. The most likely range of price movement today may be hidden within the range of $1.6675-1.6795.


    Resistance levels are at: $0.6790-95, $0.6840, $0.6925

    Support levels are at:  $0.6760, $0.6675-95, $0.6640


    The main scenario for the pair's promotion - growth to $0.6790-95 (high of July 19-22’ 2019, September 2 high, session high), and then, possibly, the pair's growth to $0.6840 (high of April 1’ 2019)

    An alternative scenario - support breakout of $0.6760 (September 16 high) and likely decline to $0.6675-95 (September 17 low, MA (200) H1)

    NZD / USD is trading above MA (200) H1 18.09.2020

  • 19:55

    USD/JPY fell to a minimum of the end of July

    Today, the USD / JPY pair continues to trade with a decline and fell from Y104. 90 to the low of the end of July Y104. 25. the Pair is trading below THE mA (200) H1 moving average line (Y105. 65). The situation is similar on the four-hour chart. Support for Y104. 15 (July 31 low) may keep the pair from further decline. If this level is passed, the pair may fall to Y103. 10. The session high of Y104. 90 represents resistance. If this level is passed, USD/JPY may follow a correction to Y105. 15. The most likely range of movement of the pair today may be hidden within the range Y104. 15-90.

    Resistance levels are at: Y104.90, Y105.15, Y105.65-80

    Support levels are at:  Y104.15-25, Y103.10, Y101.20


    The main scenario for the pair's promotion - the downward movement towards Y104.15 (July 31 low) is likely to continue

    An alternative scenario - if the session high of Y104.90 breaks, the pair is likely to grow to Y105. 15 (September 17 high)

    USD/JPY fell to a minimum of the end of July 18.09.2020

  • 19:42

    USD / CHF is trading slightly below MA (200) H1

    Today, the USD/CHF pair is trading in the range of Chf0. 9075-0.9105, after falling yesterday from Chf0.9140 to Chf0.9080. On the hourly chart, the pair is trading slightly below the MA (200) H1 moving average line (Chf0. 9105). The situation is similar on the four-hour chart. A session low of Chf0. 9075 may keep USD / CHF from falling further. If it breaks through, the pair may decline to Chf0. 9050. MA (200) H1 (Chf0.9105) represents the resistance level. If it is passed, USD/CHF may rise to Chf0. 9140. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9075-0.9140.


    Resistance levels are at: Chf0.9105, Chf0.9140, Chf0.9160

    Support levels are at: Chf0.9075, Chf0.9050, Chf0.9000


    The main scenario for the pair's promotion - breakout of the session low Chf0. 9075, and a likely decline to Chf0.9050 (September 10 low).

    An alternative scenario - breakout of MA (200) H1 (Chf0. 9105), and the pair's likely growth to Chf0.9140 (September 17 high).

    USD / CHF is trading slightly below MA (200) H1 18.09.2020


  • 19:28

    GBP / USD rose slightly above MA (200) H1, but remains below MA (200) H4

    Today, the GBP / USD pair is trading in the range of $1.2940-1.3000 and has risen slightly above THE mA (200) H1 moving average line ($1.2920). But on the four-hour chart, the pair remains below MA (200) H4 ($1.3110). A strong resistance level of $1.3005-30 may keep GBP / USD from further growth. If it breaks through, the price may rise to $1.3175. The session low of $1.2940 and MA (200) H1 ($1.2920) represent support levels. If these levels are passed, the pair may follow a correction to $1.2865. The most likely range of price movement today may be hidden within the range of $1.2865-1.3030


    Resistance levels are at: $1.3005-30, $1.3175, $1.3320

    Support levels are at: $1.2920-40, $1.2865, $1.2760


    The main scenario for the pair's promotion - breakout of the session low of $1.2940 and MA (200) H1 ($1.2920), and the pair's likely decline to $1.2865 (September 17 low)

    An alternative scenario - breakout of the $1.3005-30 area (September 9-10 and 16 highs) and the pair's likely growth to $1.3175 (September 4 low, September 8 high)

    GBP / USD rose slightly above MA (200) H1, but remains below MA (200) H4 18.09.2020


  • 19:11

    The EUR / USD pair has regained its positions and is trading above the MA (200) H1

    Today, the EUR / USD pair is trading in the range of $1.1840-70, after rising from $1.1735 to $1.1850 yesterday. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1830) and on the four-hour chart it is testing MA (200) H4 ($1.1840). The session high of $1.1870 may keep EUR / USD from further growth. If it breaks through, the price may rise to $1.1900-20. MA (200) H1 ($1.1830) represents the support level. If this level is passed, the pair may follow a correction to $1.1780. The most likely range of price movement today may be hidden within the range of $1.1830-70



    Resistance levels are at:  $1.1870, $1.1900-20, $1.1965

    Support levels are at: $1.1830, $1.1780, $1.1735


    The main scenario for promoting the pair  - break the session high of $1.1870 and then, it is possible to increase to $1.1900-20 (September 10 and 15 high)

    An alternative scenario - if the MA (200) H1 ($1.1830) level is broken, the pair is likely to decline to $1.1780 (September 4 low)

    The EUR / USD pair has regained its positions and is trading above the MA (200) H1 18.09.2020


  • 14:00

    USD/CAD continues to test support for MA 200 H1

    Yesterday the USD/CAD was trading lower and closed the day in the red zone near the price of C$1.3155. Today it was trading in a narrow range of С$1.3135-65, staying close to yesterday's closing price. On the hourly chart, USD/CAD continues to test the strength of the support - the moving average MA (200) H1 (С$1.3170). On the four-hour chart, it remains below the MA 200 H4 line. Based on the foregoing, it is probably worth adhering to the northern direction in trading and until the USD/CAD finally consolidates below MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: С$1.3245-55, С$1.3295, С$1.3345

    • Support levels are at: С$1.3120-25, С$1.3090, С$1.3045

    USD/CAD continues to test support for MA 200 H1 18.09.2020

    Probably, the main scenario - is continued growth to C$1.3245 (Sep 17 high). An alternative scenario - may be consolidation below MA (200) H1 with a subsequent decline to C$1.3085 (Sep 8 low).

  • 13:58

    AUD/USD remains above MA 200 H1

    Yesterday the AUD/USD traded in different directions in the range of $0.7255-$0.7315 and closed the day without significant changes. Today it traded in a narrow range of $0.7310-30, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7280). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the AUD/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $0.7340, $0.7365, $0.7410

    • Support levels are at: $0.7250-55, $0.7195-05, $0.7150

    AUD/USD remains above MA 200 H1 18.09.2020

    Probably, the main scenario - is the continuation of the upward movement to $0.7340 (Sep 16 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $0.7205 (low of the European session on Sep 9).

  • 13:41

    Gold continues to test support for MA 200 H1

    The XAU/USD was trading lower yesterday and closed the day in the red around $1945. Gold is up slightly today, rising to $1955. On the hourly chart, XAU/USD continues to test for strength the support - the moving average MA (200) H1 ($1945). On the four-hour chart, gold remains below the MA 200 H4 line for now. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the XAU/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1960, $1973, $1992

    • Support levels are at: $1933, $1920, $1906

    Gold continues to test support for MA 200 H1 18.09.2020

    Probably, the main scenario - is the continuation of the upward movement to $1960 (Sep 17 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $1920 (Sep 9 low).

  • 13:23

    Oil consolidated above MA (200) H1

    Yesterday, Brent crude was trading higher and closed the day in positive territory around $43.10. Oil was trading in a narrow range of $43.00-35 today, staying close to yesterday's closing price. On the hourly chart, Brent has broken through and consolidated above the MA line (200) H1 ($40.70). On the four-hour chart, oil remains below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while Brent remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $44.15-35, $45.25, $45.85

    • Support levels are at: $41.35, $40.40-15, $39.00-15

    Oil consolidated above MA (200) H1 18.09.2020

    Probably, the main scenario - is a subsequent rise to $44.10 (Sep 4 high). An alternative scenario - may be consolidation below MA 200 H1 with a subsequent decline to $39.15 (Sep 15 low).

  • 12:54

    USD/JPY is trading near 7-week low

    Yesterday, the USD/JPY was trading lower and closed the day in the red around the Y104.75. Today it was trading in a narrow range of Y104.70-85, staying close to a 7-week low. On the hourly chart, USD/JPY is still trading below the moving average MA (200) H1 (Y105.75). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering to the south direction in trading and while the USD/JPY remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Y105.15, Y105.35, Y105.80

    • Support levels are at: Y104.55, Y104.20, Y104.00

    USD/JPY is trading near 7-week low 18.09.2020

    Probably, the main scenario - is the continuation of the downward movement to Y104.55 (Sep 17 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to Y106.25 (Sep 11 high).

  • 12:37

    USD/CHF remains below MA 200 H1

    Yesterday the USD/CHF traded in different directions in the range Chf0.9080-Chf0.9140 and closed the day without significant changes. Today it also traded in a narrow range of Chf0.9075-85, staying close to yesterday's closing price. On the hourly chart, USD/CHF is still trading below the MA line (200) H1 (Chf0.9110). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering to the south direction in trading and while the USD/CHF remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Chf0.9110, Chf0.9135, Chf0.9190-00

    • Support levels are at: Chf0.9050-55, Chf0.9000, Chf0.8900

    USD/CHF remains below MA 200 H1 18.09.2020

    Probably, the main scenario - is a subsequent decline to Chf0.9050 (Sep 15 low). Alternative scenario - may be consolidation above MA 200 H1, with further advance towards Chf0.9190 (Sep 9 high).

  • 12:28

    GBP/USD continues to test resistance MA 200 H1

    Yesterday the GBP/USD traded in different directions in the range of $1.2865-$1.3000 and closed the day without significant changes. It was also trading in a narrow range of $1.2940-90 today, staying close to yesterday's closing price. On the hourly chart, GBP/USD continues to test the resistance for the third day - the moving average MA (200) H1 ($1.2935). On the four-hour chart, it remains below the MA 200 H4 line. Based on the foregoing, it is probably worth adhering to the southern direction in trading and until the GBP/USD finally consolidates above MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.

    • Resistances levels are at: $1.3035, $1.3160-80, $1.3235

    • Support levels are at: $1.2865, $1.2815, $1.2765

    GBP/USD continues to test resistance MA 200 H1 18.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.2865 (Sep 17 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3160 ​​(Sep 8 high).

  • 11:55

    EUR/USD is testing the MA 200 H1 resistance

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1840. Today it was trading in a narrow range of $1.1840-60, remaining close to yesterday's closing price. On the hourly chart, EUR/USD is testing resistance - the MA (200) H1 ($1.1825) moving average line. The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the southern direction in trading and until the EUR/USD finally consolidates above MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.

    • Resistances levels are at: $1.1880, $1.1900-15, $1.1965

    • Support levels are at: $1.1785, $1.1740, $1.1695-10

    EUR/USD is testing the MA 200 H1 resistance 18.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.1785 (low of the American session on Sep 17). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to $1.1900 (Sep 15 high).