Technical analysis

Technical analysis

01 September 2020
  • 20:18

    NZD / USD is trading near the highs of the end of July 2019

    Today, the NZD / USD pair is trading with growth, reaching the highs of the end of July 2019 ($0.6775). The pair is trading above the MA (200) H1 moving average line ($0.6610). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the North direction in trading, and looking for entry points to buy. It is worth noting that the hourly chart has formed a bearish divergence on the MACD indicator, which signals a possible change in the direction of price movement.



    Resistance levels are at:  $0.6775-90, $0.6840, $0.6840

    Support levels are at: $0.6720, $0.6650, $0.6590-0.6600


    The main scenario for the pair's promotion - breaking the session high of $0.6775 and strong resistance of $0.6790 (July 18-22, 2019 high) and rising to $0.6840 (April 1, 2019 high)

    An alternative scenario - breaking the session low of $0.6720 and falling to $0.6650 (August 19 high)

    NZD / USD is trading near the highs of the end of July 2019 01.09.2020


  • 20:06

    USD/JPY remains below MA (200) H1

    Today, since the beginning of trading, the USD/JPY pair fell from Y106.00 to Y105.60, but later the pair rose to Y105.90, regaining most of the lost positions. On the hourly chart, the pair is trading slightly below the moving average line MA (200) H1 (Y106.00), and on the four-hour chart it remains below MA (200) H4 (Y106.06). In this situation, it is probably worth continuing to adhere to the southern direction in trading, and, at the end of the correction, look for entry points to sell.

    Resistance levels are at:  Y106.10, Y106.60, Y106.95

    Support levels are at: Y105.60, Y105.10-20, Y104.75


    The main scenario for the pair's promotion - breaking the session low of Y105. 60 and falling to Y105. 10-20 (August 19 and 28 lows).

    An alternative scenario - breakout to MA (200) H1 (Y106/00) and Y106.20 (August 20 high) and probable growth to Y106.60 (August 25 high)

    USD/JPY remains below MA (200) H1 01.09.2020

  • 19:54

    USD/CHF is trading in different directions near a ten-day low

    Today, since the beginning of trading, the USD/CHF pair again fell to the psychological level of Chf0.9000, reached yesterday, but later the pair rose to Chf0.9055, regaining all the lost positions. On the hourly chart, USD / CHF remains below the moving average line of MA (200) H1 (Chf0.9080) and on the four-hour chart, it is trading well below MA (200) H4 (Chf0.9155), remaining under the control of bears. Based on the above, it is probably worth continuing to adhere to the southern direction in trading, and, at the end of the correction, look for entry points to sell.


    Resistance levels are at: Chf0.9080-0.9100, Chf0.9125-40, Chf0.9160

    Support levels are at:  Chf0.9025, Chf0.9000, Chf0.8945


    The main scenario for the pair's promotion - support breakout of Chf0. 9025 (August 28 low) and decline to the psychological level of Chf0.9000 (October 18, 2013 low, August 31 low, session low).

    An alternative scenario - breakout of the Chf0.9080-0.9100 area (August 28 high, MA (200) H1) and probable growth to Chf0.9125-40 (August 21-25 highs).

    USD/CHF is trading in different directions near a ten-day low 01.09.2020

  • 19:35

    GBP / USD rose to mid-December 2019 high

    Today, the GBP / USD pair is trading with an increase from $1.3355 to the highest value since mid-December 2019 ($1.3480). A strong resistance level of $1.3515 (maximum of December 13, 2019) may keep the pound from further growth. If it breaks through, the pair may soar to $1.3570 (May 17, 2018 high). The pair is trading near the maximum levels in the middle of December. On the hourly chart, GBP / USD is trading above the moving average line of MA (200) H1 ($1.3205), and on the four - hour chart-significantly above MA (200) H4 ($1.3025). In this situation, it is probably worth continuing to stick to the North direction in trading, and look for entry points to buy.


    Resistance levels are at:  $1.3515, $1.3570, $1.3610

    Support levels are at: $1.3420, $1.3355, $1.3300


    The main scenario for the pair's promotion - continuation of the upward movement to $1.3515 (December 13, 2019 high) and then probably to $1.3570 (May 17, 2018 high).

    An alternative scenario - reversal, a break in support of $1.3420 (December 16, 2019 high) and a decline to the session low of $1.3355.

    GBP / USD rose to mid-December 2019 high 01.09.2020


  • 19:16

    EUR / USD rose to a mid-may 2018 high

    During the European session, the EUR/USD pair is trading in the range of $1.1960-95, after a sharp increase since the beginning of trading from $1.1935 to the maximum value since mid-may 2018 ($1.1995). On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1850) and on the four - hour chart-significantly above MA (200) H4 ($1.1760), remaining under the control of the bulls. In this situation, it is probably worth continuing to stick to the North direction in trading, and look for entry points to buy.

    Resistance levels are at:  $1.1995, $1.2030, $1.2085

    Support levels are at: $1.1960-65, $1.1880, $1.1850

    The main scenario for promoting the pair  - breaking the session high of $1.1995 (high of may 14, 2018) and rising to $1.2030 (high of may 2, 2018)

    An alternative scenario - breakout of $1.1960-65 (August 18 and 31 high, session low) and decline to $1.1880 (August 31 low)

    EUR / USD rose to a mid-may 2018 high 01.09.2020


  • 14:00

    USD/CAD continues to fall yesterday

    Yesterday the USD/CAD was trading lower and closed the day in the red zone around the C$1.3040. It also dropped slightly today, dropping to C$1.3005. On the hourly chart, USD/CAD is still trading below the MA (200) H1 (C$1.3150). 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 is necessary to look for a sell entry point to form a correction.

    • Resistances are at: С$1.3050, С$1.3095, С$1.3125

    • Support levels are at: C$1.3000, C$1.2980, C$1.2900

    USD/CAD continues to fall yesterday 01.09.2020

    The main scenario - is the continuation of the decline to C$1.3000 (psychological level). An alternative scenario - consolidation above MA (200) H1 with a subsequent rise to C$1.3200 (Aug 26 high).

  • 13:58

    AUD/USD continues to rise yesterday

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7375. Today it also rose slightly, rising to the $0.7410 level. On the hourly chart, AUD/USD is still trading well above the moving average MA (200) H1 ($0.7235). 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 the AUD/USD remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $0.7410, $0.7500, $0.7600

    • Support levels are at: $0.7340, $0.7305, $0.7255

    AUD/USD continues to rise yesterday 01.09.2020

    The main scenario - is the continuation of the upward movement to $0.7410 (session high). Alternative scenario - consolidation below MA 200 H1, followed by a decline to $0.7190 (Aug 26 low).

  • 13:39

    Gold fixed above MA 200 H1

    Yesterday the XAU/USD traded in different directions in the range of $1955-$1976 and closed the day without significant changes. Gold is up slightly today, rising to $1989. On the hourly chart, XAU/USD has broken through and consolidated above the MA line (200) H1 ($1943). On the four-hour chart, gold remains above the MA 200 H4 line for now. Based on the above, it is probably worth sticking to the northern direction in trading, and while the XAU/USD remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1995, $2015, $2049

    • Support levels are at: $1955, $1940, $1924

    Gold fixed above MA 200 H1 01.09.2020

    The main scenario - is continued growth to $1955 (high of the American session on Aug 19). An alternative scenario - consolidation below MA 200 H1, followed by a decline to $1924 (Aug 28 low).

  • 13:28

    Oil is testing support for MA 200 H1

    Brent crude was trading lower yesterday and closed the day in the red around $45.20. Oil was trading in a narrow range of $45.10-40 today, staying close to yesterday's closing price. On the hourly chart, Brent is testing support for the strength - the moving average MA (200) H1 ($45.20). On the four-hour chart, oil remains above the MA 200 H4 line. Based on the above, it is probably worth sticking to the northern direction in trading, and while Brent remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $45.65, $46.10, $47.00

    • Support levels are at: $44.60, $43.60, $42.90

    Oil is testing support for MA 200 H1 01.09.2020

    The main scenario - is a subsequent rise to $45.65 (high of the US session on Aug 31). An alternative scenario - consolidation below MA 200 H1, followed by a decline to $43.60 (Aug 21 low).

  • 13:11

    USD/JPY remains below MA 200 H1

    Yesterday the USD/JPY was trading higher and closed the day in positive territory around the Y105.85. Today it dropped slightly and dropped to Y105.60. On the hourly chart, USD/JPY is still trading below the MA (200) H1 (Y105.95) moving average line. 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 is necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Y106.10, Y106.30, Y106.90

    • Support levels are at: Y105.20-30, Y104.55, Y104.20

    USD/JPY remains below MA 200 H1 01.09.2020

    The main scenario - is the continuation of the downward movement to Y105.30 (Aug 31 low). An alternative scenario - consolidation above MA 200 H1, followed by a rise to Y106.90 (Aug 28 high).

  • 12:41

    USD/CHF is trading near 2015 lows

    The USD/CHF was trading lower yesterday and closed the day in the red around the Chf0.9030. It also dropped slightly today, dropping to Chf0.9005, trading near the 2015 lows. On the hourly chart, USD/CHF is still trading below the MA line (200) H1 (Chf0.9085). 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 is necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Chf0.9050-65, Chf0.9120-25, Chf0.9160

    • Support levels are at: Chf0.9000, Chf0.8900, Chf0.8800

    USD/CHF is trading near 2015 lows 01.09.2020

    The main scenario - is a subsequent decline to Chf0.9000 (Aug 31 low). Alternative scenario - consolidation above MA 200 H1, with further advance towards Chf0.9120 (Aug 26 high).

  • 12:19

    GBP/USD continues yesterday's rise

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around $1.3365. Today it also rose slightly, rising to $1.3410. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3185). 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 the GBP/USD remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1.3420, $1.3510, $1.3600

    • Support levels are at: $1.3355, $1.3300, $1.3255-65

    GBP/USD continues yesterday's rise 01.09.2020

    The main scenario - is continued growth to $1.3420 (Dec 16 high). An alternative scenario -  consolidation below the MA 200 H1 level with a subsequent decline to $1.3115 (Aug 26 low).

  • 12:04

    EUR/USD continues to rise yesterday

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1935. Today it also rose slightly, rising to the $1.1990 level. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.1845). 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 the EUR/USD remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1.1995, $1.2030, $1.2105

    • Support levels are at: $1.1920, $1.1885, $1.1810

    EUR/USD continues to rise yesterday 01.09.2020

    The main scenario - is continued growth towards $1.1995 (May 14 high, 2018). An alternative scenario - consolidation below MA 200 H1, followed by a decline to $1.1765 (Aug 27 low).

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