Technical analysis

Technical analysis

03 September 2020
  • 20:27

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

    Today, the NZD / USD pair is trading down from $0.6770 to $0.6725, but remains near the highs of the end of July 2019. The pair is trading above the MA (200) H1 moving average line ($0.6665). The situation is similar on the four-hour chart. A strong resistance level of $0.6790 (high of July 18-22, 2019 and September 2 high) may keep the kiwi from further growth. If it breaks through, the pair may soar to $0.6840 (high on April 1, 2019). The lower bound of $0.6720 (August 31 low) represents the support level. If this level is passed, NZD / USD may follow a correction to MA (200) H1 ($0.6665). The most likely range of the pair's movement to date may be hidden within the existing range of $0.6720-90.


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

    Support levels are at: $0.6720, $0.6665, $0.6600


    The main scenario for the pair's promotion - break through strong resistance of $0.6790 (high of July 18-22, 2019 and September 2 high) and rise to $0.6840 (high of April 1, 2019)

    An alternative scenario - support breakout of $0.6720 (August 31 low) and decline to $0.6635-50 (August 19 high, MA (200) H1)

    NZD / USD is trading near the highs of the end of July 2019 03.09.2020


  • 20:19

    USD/JPY is trading above MA (200)

    Today, the USD / JPY pair continues yesterday's growth and rose from Y106.15 to Y106.50, further rising above the moving average line of MA (200) H1 (Y106.05) and MA (200) H4 (Y106.00). A strong resistance level of Y106. 60 (August 25 high) can keep the pair from further growth. If it breaks through, prices may soar Y106.95-107.05 (August 12-14 and 28 highs). The lower bound of MA (200) H1 (Y106.05) represents the support level. If this level is passed, USD/JPY may follow a correction to Y105.60. The most likely range of movement of the pair to date may be hidden within the existing range of Y106. 05-60.


    Resistance levels are at:  Y106.60, Y106.95-107.05, Y107.50

    Support levels are at: Y106.05, Y105.60, Y105.20


    The main scenario for the pair's promotion - correction, breakout of MA (200) H1 (Y106. 05) and decrease to Y105.60 (September 1 low).

    An alternative scenario - breakout of strong resistance Y106. 60 (August 25 high) and likely growth to the area Y106.95-107.05 (August 12-14 and 28 highs)

    USD/JPY is trading above MA (200) 03.09.2020

  • 20:01

    USD / CHF is trading above MA (200) H1, but it has not yet managed to break through MA (200) H4

    Today, the USD/CHF pair is trading in the range of Chf0. 9100-40, after a sharp increase on Tuesday from Chf0.9000 to Chf0.9100, but it has not yet managed to break through the strong resistance of Chf0.9140 (the maximum on August 21). On the hourly chart, the pair rose above the moving average line MA (200) H1 (Chf0.9040), but on the four-hour chart, it tests the strength of MA (200) H4 (Chf0.9140). 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: Chf0.9140-60, Chf0.9200, Chf0.9240

    Support levels are at: Chf0.9100, Chf0.9060, Chf0.9000


    The main scenario for the pair's promotion - correction, breakout of the session minimum of Chf0. 9100 and MA (200) H1 (Chf0.9080) and decline to Chf0.9060 (August 21 low).

    An alternative scenario - breakout of the session high of Chf0. 9140 (August 21 high) and probable growth to Chf0.9160 (August 20 high).

    USD / CHF is trading above MA (200) H1, but it has not yet managed to break through MA (200) H4 03.09.2020

  • 19:40

    GBP / USD pair is trading down and testing MA (200) H1

    Today, the GBP / USD pair is trading mostly with a decline (from $1.3325 to $1.3400) and is testing MA (200) H1. If the MA (200) H1 ($1.3255) level is broken, the pair will continue to decline to $1.3165 (August 27 minimum). While GBP / USD is testing MA (200) H1 and remains above MA (200) H4 ($1.3040), it is probably worth continuing to stick to the North direction in trading, and, at the end of the correction, look for entry points to buy.


    Resistance levels are at:  $1.3355, $1.3400, $1.3480

    Support levels are at: $1.3165, $1.3115, $1.3050


    The main scenario for the pair's promotion - reversal, breaking the session high of $1.3355 and rising to $1.3400 (September 2 high).

    An alternative scenario - breakout MA (200) H1 ($1.3250) and decline to $1.3165 (August 27 low)

    GBP / USD pair is trading down and testing MA (200) H1 03.09.2020


  • 19:21

    EUR / USD is trading near a one-week low

    Today, the EUR / USD pair continues its three-day decline and fell to a weekly low of $1.1790, after reaching this week's highest value since mid-may 2018 ($1.2010). On the hourly chart, the PA fell below the moving average line MA (200) H1 ($1.1860), but on the four-hour chart, it failed to break through MA (200) H4 ($1.1785). In this situation, it is probably worth continuing to stick to the North direction in trading, and, at the end of the correction, look for entry points to buy.


    Resistance levels are at:  $1.1860, $1.1930, $1.1965

    Support levels are at: $1.1790, $1.1755, $1.1710

    The main scenario for promoting the pair  - breakout of the session high of $1.1855 and MA (200) H1 ($1.1860) and likely growth to $1.1930 (September 2 high)

    An alternative scenario - breakout of the session low of $1.1790, consolidation below MA (200) H1 ($1.1860) and decline to $1.1755 (August 21 low)

    EUR / USD is trading near a one-week low 03.09.2020


  • 14:24

    USD/CAD remains below MA 200 H1

    Yesterday the USD/CAD traded in different directions in the range of С$1.3035-95 and closed the day without significant changes. Today it rallied slightly, rising to the C$1.3080. On the hourly chart, USD/CAD is still trading below the moving average MA (200) H1 (C$1.3115). 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 levels are at: С$1.3095, С$1.3125, С$1.3165

    • Support levels are at: С$1.2980-95, С$1.2900, С$1.2800

    USD/CAD remains below MA 200 H1 03.09.2020

    The main scenario - is a continuation of the decline to C$1.2995 (Sep 1 low). An alternative scenario - consolidation above MA (200) H1 with a subsequent rise to C$1.3200 (Aug 26 high).

  • 14:02

    AUD/USD remains above MA 200 H1

    Yesterday the AUD/USD was trading lower and closed the day in the red around the $ 0.7335. Today it was trading in a narrow range of $0.7310-35, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7265). 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: $0.7365, $0.7410, $0.7500

    • Support levels are at: $0.7300, $0.7255, $0.7215

    AUD/USD remains above MA 200 H1 03.09.2020

    The main scenario - is the continuation of the upward movement to $0.7365 (Sep 2 high). Alternative scenario - consolidation below MA 200 H1 with a subsequent decline to $0.7185 (Aug 26 low).

  • 13:53

    Gold is testing support for MA 200 H1

    Yesterday, the XAU/USD was trading lower and closed the day in the red around $1942. Today gold was trading in a narrow range of $1940-50, staying close to yesterday's closing price. On the hourly chart, XAU/USD is testing the strength of the support - the moving average MA (200) H1 ($1947). 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 XAU/USD remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1971, $1992, $2015

    • Support levels are at: $1933, $1924, $1910

    Gold is testing support for MA 200 H1 03.09.2020

    The main scenario - is continued growth towards $1971 (Sep 2 high). An alternative scenario - consolidation below the MA 200 H1, followed by a decline to $1910 (Aug 27 low).

  • 13:20

    Oil consolidated below MA 200 H1

    Brent crude traded lower yesterday and closed the day in the red around $44.00. Oil was trading in a narrow range of $43.95-20 today, staying close to yesterday's closing price. On the hourly chart, Brent has broken through and consolidated below the MA line (200) H1 ($45.20). 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 Brent remains below MA 200 H1, it is necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: $44.55, $45.25, $45.85

    • Support levels are at: $43.60, $42.90, $42.55

    Oil consolidated below MA 200 H1 03.09.2020

    The main scenario - is a subsequent decline to $43.60 (Aug 21 low). An alternative scenario - consolidation above the MA 200 H1 with a subsequent decline to $45.85 (Sep 1 high).

  • 13:04

    USD/JPY is testing MA 200 H1 resistance

    Yesterday the USD/JPY was trading higher and closed the day in positive territory around the price of Y106.15. Today it was trading in a narrow range of Y106.15-25, staying close to yesterday's closing price. On the hourly chart, USD/JPY is testing the resistance - the MA (200) H1 (Y106.00) moving average line. The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering to the southern direction in trading and until the USD/JPY finally consolidates above MA 200 H1, it is necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Y106.30, Y106.90-00, Y107.35

    • Support levels are at: Y105.85, Y105.60, Y105.20-30

    USD/JPY is testing MA 200 H1 resistance 03.09.2020

    The main scenario - is the continuation of the downward movement to Y105.85 (Sep 2 low). An alternative scenario - final consolidation above MA 200 H1, followed by a rise to Y106.90 (Aug 28 high).

  • 12:47

    USD/CHF consolidated above MA 200 H1

    Yesterday the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9105. Today it rallied slightly, rising to Chf0.9125. On the hourly chart, USD/CHF has broken through and consolidated above the MA line (200) H1 (Chf0.9080). On the four-hour chart, the it remains below the MA 200 H4 line. Based on the above, it is probably worth sticking to the northern direction in trading, and while the USD/CHF remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.

    • Resistances levels are at: Chf0.9135, Chf0.9160, Chf0.9195

    • Support levels are at: Chf0.9085, Chf0.9055, Chf0.9000

    USD/CHF consolidated above MA 200 H1 03.09.2020

    The main scenario - is a further rise towards Chf0.9135 (Sep 2 high). Alternative scenario - consolidation below MA 200 H1, followed by a decline to Chf0.9000 (Sep 1 low).

  • 12:25

    GBP/USD remains above MA 200 H1

    Yesterday the GBP/USD was trading lower and closed the day in the red around the $1.3350. Today it was trading in a narrow range of $1.3320-55, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3240). 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: $1.3400, $1.3480, $1.3510

    • Support levels are at: $1.3255-65, $1.3165-85, $1.3120

    GBP/USD remains above MA 200 H1 03.09.2020

    The main scenario - is continued growth to $1.3400 (Sep 2 high). An alternative scenario -  consolidation below the MA 200 H1 level with a subsequent decline to $1.3120 (Aug 26 low).

  • 12:07

    EUR/USD is testing MA 200 H1 support

    Yesterday the EUR/USD was trading lower and closed the day in the red zone around the $1.1850. Today it also dropped slightly, dropping to $1.1820. On the hourly chart, EUR/USD is testing the strength of the support - the MA line (200) H1 ($1.1860). On the four-hour chart, it remains above the MA 200 H4 line. 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: $1.1875, $1.1925, $1.1965

    • Support levels are at: $1.1810, $1.1755-65, $1.1710

    EUR/USD is testing MA 200 H1 support 03.09.2020

    The main scenario - is continued growth to $1.1875 (high of the American session on Sep 2). Alternative scenario - final consolidation below MA 200 H1, followed by a decline to $1.1765 (Aug 27 low).

September 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
REGISTER FOR TRAINING