Technical analysis

Technical analysis

05 October 2021
  • 19:57

    NZD/USD tests the resistance of MA (200) H1 for strength

    Today, the NZD/USD pair is trading in the range of $0.6925-70 and remains within yesterday's range of $0.6925-80. On the hourly chart, the pair is testing the strength of the MA (200) H1 moving average line ($0.6965). On the four-hour chart, the pair remains below MA (200) H4 ($0.7015). Technically speaking, a strong resistance level of $0.6980 may keep prices from rising further. If it breaks through, prices may rise to $0.7030. The lower bound of $0.6925 represents the support level. The most probable range of the pair's movement for today may be hidden within the range of $0.6925-80.



    Resistance levels are: $0.6980, $0.7030, $0.7090

    Support levels are: $0.6925, $0.6860, $0.6805


    The main scenario for the pair's promotion — correction and there may be a decrease to $0.6925 (October 4 low, session minimum).

    An alternative scenario — The resistance breakout is $0.6980 (October 4 high) and there may be an increase to $0.7030 (September 27 high)


  • 19:48

    USD/JPY is testing MA (200) H1

    Today, the USD/JPY pair is trading in the range Y110.85-111.30 and is testing the MA (200) H1 (Y111.10) moving average line on the hourly chart. On the four-hour chart, the pair is trading above MA (200) H4 (Y110.15). Technically speaking, a strong support level of Y110.80 can keep prices from falling. If it breaks through, prices may fall to Y110.25. The upper bound of Y111.50 represents the resistance level. The most probable range of the pair's movement for today may be hidden within the range Y110.80-Y111.50.

    Resistance levels are: Y111.50, Y112.10, Y112.40

    Support levels are: Y110.80, Y110.25, Y109.75


    The main scenario for the pair's promotion — The resistance breakthrough is Y111.50 (October 1 high) and there may be an increase to Y112.10 (September 29-30 high)

    An alternative scenario —if the support of Y110.80 (October 4 low) is broken, the pair may fall to Y110.25 (September 24 low)

  • 19:41

    USD/CHF is growing, but remains below MA (200) H1

    Today, the USD/CHF pair has grown from Chf0.9240 to Chf0.9275, after a sharp decline yesterday from Chf0.9310 to Chf0.9230. On the hourly chart, the pair remains below the moving average line MA (200) H1 (CHF0.9280), but on the four-hour chart it is trading above MA (200) H4 (CHF0.9210). Technically speaking, the level of MA (200) H1 (CHF0.9280) can keep prices from further growth. If it breaks through, prices may rise to Chf0.9310. The lower bound of Chf0.9215 represents the resistance level. The most probable range of the pair's movement for today may be hidden within the range of Chf0.9215-80.


    Resistance levels are: Chf0.9280, Chf0.9310, Chf0.9340

    Support levels are: Chf0.9215-30, Chf0.9150-65,  Chf0.9115


    The main scenario for the pair's promotion — growth to MA (200) H1 (CHF0.9280) and then, maybe, to Chf0.9310 (October 4 high)


    An alternative scenario — there may be a decrease in the pair to Chf0.9215-30 (September 22-23 and October 4 lows)

  • 19:28

    GBP/USD rose slightly above MA (200) H1

    Today, the GBP/USD pair is trading mainly with an increase in the range from $1.3585-1.3630 and on the hourly chart it rose slightly above the MA (200) H1 moving average line ($1.3590). If the pair gains a foothold above this level, it may rise to $1.3715. On the four-hour chart, the pair remains below MA (200) H4 ($1.3715). The session low of $1.3585 represents the support level. If this level is passed, the pair may follow a correction to $1.3520-30. The most likely range of price movement for today may be hidden within the existing range of $1.3585-1.3630.


    Resistance levels are: $1.3715, $1.3750, $1.3810


    Support levels are: $1.3585, $1.3520-30, $1.3410


    The main scenario for the pair's promotion — correction, breakout of the session low of $1.3585 and there may be a decline to $1.3520-30 (September 28 and October 4 lows)

    An alternative scenario — the pair may rise to $1.3715 (September 28 high)


  • 19:08

    EUR/USD remains below MA (200) H1

    Today, the EUR/USD pair is trading with a decline from $1.1625 to $1.1595 - slightly above the July 2020 lows reached earlier last week. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.1655) and on the four-hour chart - below MA (200) H4 ($1.1750). In this situation, it is probably necessary to stick to the southern direction in trading, and maybe it is worth looking for exit points for sale.


    Resistance levels are: $1.1640-55, $1.1690, $1.1725

    Support levels are: $1.1560, $1.1540, $1.1505

     

    The main scenario for promoting the pair  — the pair is likely to decline to $1.1560 (September 30 and October 1 low)

    An alternative scenario — the pair may grow to $1.1640-55 (October 4 high, MA (200) H1)


  • 14:13

    USD/CAD is trading below MA 200 H1

    Yesterday, the USD/CAD was trading lower and closed the day in the red around the C$1.2585. Today it rallied slightly, rising to the C$1.2615. On the hourly chart, USD/CAD is trading below the moving average MA (200) H1 (C$1.2670). 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$1.2655, С$1.2735, С$1.2775-95

    • Support levels are at: C$1.2560, C$1.2520, C$1.2495

    Probably, the main scenario is the continuation of the decline to C$1.2560 (Oct 4 low). An alternative scenario is consolidation above MA (200) H1, followed by growth to C$1.2845 (Sep 21 high).

  • 14:04

    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 $0.7285. Today it dropped slightly, dropping to $0.7265. On the hourly chart, AUD/USD is testing resistance - the MA (200) H1 ($0.7255) moving average line. On the four-hour chart, it remains below the MA 200 H4 line for now. Based on the foregoing, 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: $0.7310-20, $0.7345, $0.7370-75

    • Support levels are at: $0.7250, $0.7190, $0.7170

    Probably, the main scenario is a downtrend to $0.7250 (Oct 4 low). An alternative scenario is consolidation above the MA 200 H1 with a subsequent rise to $0.7410 (Sep 10 high).

  • 13:49

    Gold tests MA 200 H1 resistance

    Yesterday the XAU/USD traded in different directions in the range of $1747-$1770 and closed the day without significant changes. Gold has dropped slightly today, down to $1759. On the hourly chart, XAU/USD is testing resistance - the MA (200) H1 moving average line ($1751). 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 south direction in trading, and while the XAU/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: $1776, $1787, $1796

    • Support levels are at: $1747, $1735, $1722

    Probably, the main scenario is a downtrend to $1747 (Oct 4 low). An alternative scenario is a final consolidation above MA 200 H1 with a subsequent rise to $1808 (Sep 14 high).

  • 13:28

    Oil trades around October 2018 highs

    Yesterday, Brent crude was trading higher and closed the day in positive territory around $81.90. Crude oil traded in a narrow range of $81.75-35 today, staying close to the highs of October 2018. On the hourly chart, Brent is still trading above the moving average MA (200) H1 ($78.35). 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 Brent 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: $82.60, $83.00, $84.00

    • Support levels are at: $79.35, $76.90-25, $75.70

    Probably, the main scenario is a subsequent rise to $82.60 (Oct 4 high). An alternative scenario is consolidation below MA 200 H1, followed by a decline to $71.40 (Sep 9 low).

  • 12:53

    USD/JPY is testing MA 200 H1 support

    Yesterday the USD/JPY traded in different directions in the Y110.85-Y111.30 range and closed the day without significant changes. Today it rallied slightly, rising to Y111.15. On the hourly chart, USD/JPY is testing its support - the MA (200) H1 (Y111.00) moving average line. On the four-hour chart, the USD/JPY 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 USD/JPY remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: Y111.45, Y112.05, Y112.25

    • Support levels are at: Y110.80, Y110.55, Y110.30

    Probably, the main scenario is the continuation of the upward movement to Y111.45 (Oct 1 high). An alternative scenario is consolidation below MA 200 H1, followed by a decline to Y109.10 (Sep 22 low).

  • 12:43

    USD/CHF is testing support for MA 200 H1

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9245. Today it rallied slightly, rising to the level of Chf0.9260. On the hourly chart, USD/CHF is testing its support - the MA (200) H1 (Chf0.9280) moving average line. On the four-hour chart, it 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 USD/CHF remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: Chf0.9310, Chf0.9335, Chf0.9365

    • Support levels are at: Chf0.9215-25, Chf0.9195, Chf0.9165

    Probably, the main scenario is a further advance towards Chf0.9310 (Oct 4 high). Alternative scenario is consolidation below MA 200 H1, followed by a decline towards Chf0.9130 (Sep 7 low).

  • 12:27

    GBP/USD is testing the MA 200 H1 resistance

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around the $1.3590. Today it was trading in a narrow range of $1.3585-10, staying close to yesterday's closing price. On the hourly chart, GBP/USD is testing resistance - the MA (200) H1 ($1.3590) moving average line. On the four-hour chart, it remains below the MA 200 H4 line for now. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the GBP/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: $1.3640, $1.3715, $1.3750-65

    • Support levels are at: $1.3530, $1.3415-35, $1.3305

    Probably, the main scenario is the continuation of the decline to $1.3530 (Oct 4 low). An alternative scenario is consolidation above the MA 200 H1 level with a subsequent rise to $1.3910 (Sep 14 high).

  • 12:00

    EUR/USD remains below MA 200 H1

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1620. Today it dropped slightly, dropping to $1.1600. On the hourly chart, EUR/USD is still trading below the MA line (200) H1 ($1.1660). 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 EUR/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: $1.1640, $1.1670, $1.1700

    • Support levels are at: $1.1565, $1.1540, $1.1505

    Probably, the main scenario is a continuation of the decline to $1.1565 (Sep 30 low). An alternative scenario is a final consolidation above the MA 200 H1, followed by a rise to $1.1850 (Sep 10 high).

Market focus

October 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
REGISTER FOR TRAINING