Technical analysis

Technical analysis

30 July 2021
  • 20:08

    NZD / USD rose above MA (200) H1

    Today, the NZD/USD pair is trading in the range of $0.6990-$0.7020 and on the hourly chart has risen above the MA (200) H1 moving average line ($0.6965). On the four-hour chart, the pair is trying to test the strength of MA (200) H4 ($0.7000). Technically speaking, the resistance level of $0.7020 can keep prices from further growth. If it breaks through, the pair may soar to $0.7060. The lower limit of $0.6990 represents the support level.



    Resistance levels are: $0.7020, $0.7060, $0.7105

    Support levels are: $0.6990, $0.6950-65, $0.6880-95


    The main scenario for the pair's promotion - breakout of the session maximum of $0.7020 (July 29 high) and there may be an increase to $0.7060 (July 7 high)

    An alternative scenario - break of the session low of $0.6990 and there may be a decline to $0.6950-65 (July 29 low, MA (200) H1)


  • 19:55

    USD/JPY is trading below MA (200) H1

    Today, the USD/JPY pair is trading mainly with an increase in the range of Y109. 30-65 and on the hourly chart it remains slightly below the moving average line of MA (200) H1 (Y110.10). On the four-hour chart, the pair is trading below MA (200) H4 (Y110. 35). Technically speaking, the support level of Y109. 30 can keep prices from further decline. The upper limit of Y109. 95-110. 00 represents the resistance level.

     

    Resistance levels are: Y109.95-110.00, Y110.30, Y110.60

    Support levels are: Y109.30, Y109.05, Y108.55


    The main scenario for the pair's promotion - if the support of Y109. 30 (July 20 low, session minimum) is broken, the pair may fall to Y109. 05 (July 19 low)

    An alternative scenario - the pair may grow to Y109. 95-110. 00 (July 29 high, MA (200) H1)


  • 19:45

    USD/CHF is trading near a five-week low

    Today, the USD/CHF pair is trading in the range of Chf0. 9040-75-near the five-week low reached yesterday. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 9160) and on the four - hour chart-below MA (200) H4 (Chf0.9170). In this situation, it is probably worth sticking to the southern direction in trading and looking for exit points for sale.


    Resistance levels are: Chf0.9075, Chf0.9100, Chf0.9160-65

    Support levels are: Chf0.9040,  Chf0.9010,  Chf0.8965


    The main scenario for the pair's promotion - if the session minimum of Chf0. 9040 is broken, the pair may fall to Chf0. 9010 (June 15 high)


    An alternative scenario - breakout of the session maximum of Chf0. 9075 and there may be an increase to Chf0. 9100 (July 29 high)


  • 19:31

    GBP/USD is trading near a one-month high

    Today, the GBP/USD pair is trading in the range of $1.3930-80-about a one-month high. The pair broke through the resistance of $1.3895, which became the nearest support. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.3795) and on the four - hour chart-slightly above MA (200) H4 ($1.3850). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.


    Resistance levels are: $1.3980, $1.4010, $1.4130

    Support levels are: $1.3895, $1.3845, $1.3765


    The main scenario for the pair's promotion - the resistance breakout is $1.3980 (July 29 high, session maximum) and there may be an increase in the pair of $1.4010 (June 17 high)

    An alternative scenario - if the support of $1.3895 (July 14-15 and 27 high, July 29 low) is broken, the pair may fall to $1.3845 (July 28 low)


  • 19:15

    EUR / USD rose to a one-month high

    Today, the EUR / USD pair continues to grow and rose from $1.1875 to a one-month high of $1.1910. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.1810) and on the four - hour chart-slightly above MA (200) H4 ($1.1865). In this situation, it is probably worth sticking to the northern direction in trading, and you should look for exit points to buy.

    Resistance levels are: $1.1910, $1.1945, $1.1975

    Support levels are: $1.1875, $1.1840-50, $1.1810

    The main scenario for promoting the pair  - break of the session high of $1.1910 and there may be an increase to $1.1945 (June 28 high)

    An alternative scenario - if the session low of $1.1875 is broken, the pair may fall to $1.1840-50 (July 15 and 27-28 highs, July 29 low)

  • 14:12

    USD/CAD is trading near a 3-week low

    Yesterday, the USD/CAD was trading lower and closed the day in the red around the C$1.2440. Today it was trading in a narrow range of C$1.2440-70, remaining close to the 3-week low. On the hourly chart, USD/CAD is still trading below the moving average MA (200) H1 (C$1.2585). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading and while the USD/CAD remains below MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: С$1.2530, С$1.2600-05, С$1.2730

    • Support levels are at: C$1.2430, C$1.2345, C$1.2300

    Probably, the main scenario is the continuation of the decline to C$1.2430 (Jul 29 low). An alternative scenario is consolidation above MA (200) H1, followed by growth to C$1.2785 (Jul 20 high).

  • 14:00

    The AUD/USD is testing the MA 200 H1 resistance

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7395 price. Today it was trading in a narrow range of $0.7380-00, staying close to yesterday's closing price. On the hourly chart, AUD/USD is testing resistance - the moving average MA (200) H1 ($0.7360). On the four-hour chart, it remains below the MA 200 H4 line for now. Based on the above, it is probably worth sticking to the south direction in trading and while the AUD/USD remains below MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.

    • Resistances levels are at: $0.7410, $0.7440, $0.7480

    • Support levels are at: $0.7360, $0.7315, $0.7290

    Probably, the main scenario is a downward movement to $0.7360 (Jul 29 low). An alternative scenario is final consolidation above MA 200 H1 with a subsequent rise to $0.7500 (Jul 13 high).

  • 13:39

    Gold is trading near a 2-week high

    Yesterday, the XAU/USD was trading higher and closed the day in positive territory around $1827. Today, gold was trading in a narrow range of $1825-31, remaining close to a 2-week high. On the hourly chart, XAU/USD is still trading above the MA line (200) H1 ($1805). 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 XAU/USD remains above MA 200 H1, it may be necessary to look for buy entry points for the formation of a correction.

    • Resistances levels are at: $1832-33, $1840, $1862

    • Support levels are at: $1814, $1806, $1790-92

    Probably, the main scenario is an upward movement to $1832 (Jul 29 high). An alternative scenario is final consolidation below the MA 200 H1, followed by a decline to $1789 (Jul 23 low).

  • 13:09

    Oil is trading near 3-week high

    Brent crude traded higher yesterday and closed the day in positive territory around $75.60. Oil was trading in a narrow range of $75.10-60 today, staying close to a 3-week high. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($72.90). The situation is similar on the four-hour chart. Based on the above, 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: $75.85, $76.90, $78.20

    • Support levels are at: $73.85, $72.20-70, $70.15

    Probably, the main scenario is a subsequent rise to $75.85 (Jul 29 high). An alternative scenario is consolidation below MA 200 H1 with a subsequent decline to $67.55 (Jul 20 low).

  • 12:55

    USD/JPY is trading below MA 200 H1

    The USD/JPY was trading lower yesterday and closed the day in the red around the Y109.45. Today it was trading in a narrow range of Y109.35-60, staying close to yesterday's closing price. On the hourly chart, USD/JPY is still trading below the moving average MA (200) H1 (Y110.00). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading and while the USD/JPY remains below MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: Y109.90, Y110.25, Y110.55-65

    • Support levels are at: Y109.35, Y109.00-10, Y108.70

    Probably, the main scenario is the continuation of the downward movement to Y109.35 (Jul 20 low). An alternative scenario is consolidation above MA 200 H1, followed by a rise to Y110.80 (Jul 7 high).

  • 12:41

    USD/CHF Traded Around 7-Week Low

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9055. Today it was trading in a narrow range of Chf0.9055-70, staying close to a 7-week low. On the hourly chart, USD/CHF is still trading below the moving average MA line (200) H1 (Chf0.9165). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading and while the USD/CHF remains below MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: Chf0.9095, Chf0.9155-65, Chf0.9185-95

    • Support levels are at: Chf0.9050-55, Chf0.8965-75, Chf0.8925-35

    Probably, the main scenario is a subsequent decline to Chf0.9055 (Jul 29 low). Alternative scenario is final consolidation above MA 200 H1 level, with further advance towards Chf0.9230 (Jul 20 high).

  • 12:20

    GBP/USD is trading near a 6-week high

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around $1.3955. Today it was trading in a narrow range of $1.3940-70, staying close to a 6-week high. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3780). 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 GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points for the formation of a correction.

    • Resistances levels are at: $1.3980, $1.4000, $1.4130

    • Support levels are at: $1.3900, $1.3845, $1.3765

    Probably, the main scenario is to rise to $1.3980 (Jul 29 high). An alternative scenario is consolidation below the MA 200 H1 level with a subsequent decline to $1.3570 (Jul 20 low).

  • 12:01

    EUR/USD is trading near a 4-week high

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1885 price. It was also trading in a narrow range of $1.1880-95 today, staying close to a 4-week high. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.1800). 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 EUR/USD remains above MA 200 H1, it may be necessary to look for buy entry points for the formation of a correction.

    • Resistances levels are at: $1.1895, $1.1940, $1.1975

    • Support levels are at: $1.1870, $1.1850, $1.1830

    Probably, the main scenario is continued growth to $1.1895 (session high). An alternative scenario is consolidation below MA 200 H1, followed by a decline to $1.1740 (Apr 5 low).

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