Technical analysis

Technical analysis

08 April 2021
  • 20:24

    The NZD/USD pair again rose above the MA (200) H1

    Today, the NZD/USD pair rose from $0.7000 to $0.7050, regaining most of the positions lost yesterday. The pair has risen above the MA (200) H1 ($0.7015) moving average line, but is trading well below MA (200) H4 ($1.7145) on the four-hour chart. Technically speaking, the $0.7070 resistance may keep the pair from rising further. If it breaks through, prices may rise to $0.7100. The lower bound of $0.6995-0.7010 represents the main support level. The most likely range of price movement for today may be hidden within the range of $0.6995-0.7070.


    Resistance levels are: $0.7070, $0.7100, $0.7185

    Support levels are: $0.6995-0.7010, $0.6940, $0.6895


    The main scenario for the pair's promotion - correction and may be a decline to $0.6995-0.7010 (April 6-7 lows, MA (200) H1)

    An alternative scenario - growth to $0.7070 (April 5-7 high) and then, maybe, to $0.7100 (March 5-9 low)


  • 20:12

    USD/JPY consolidated below MA (200) H1

    Today, the USD/JPY pair fell sharply from Y109. 90 to a two-week low of Y109. 20. On the hourly chart, the pair fell below the moving average line of MA (200) H1 (Y110.20), but on the four-hour chart it remains above MA (200) H4 (Y108.55). Technically speaking, the psychological level of Y109.00 can keep the pair from further decline. If it breaks through, prices may fall to Y108. 30-40. The upper bound of Y109. 95 represents the main resistance level. The most likely range of price movement for today may be hidden within the range of Y109. 00-95

    Resistance levels are: Y109.60, Y109.95, Y110.25

    Support levels are: Y109.00, Y108.30-40, Y107.80


    The main scenario for the pair's promotion - correction, growth to Y109. 95 (April 7 high)

    An alternative scenario - if the psychological level of Y109. 00 is broken, the pair may fall to Y108. 30-40 (March 10 and 23 lows)


  • 19:52

    USD / CHF consolidated below MA (200) H1

    Today, the USD/CHF pair is trading in the range of Chf0. 9270-0.9300 - near a more than two-week low. On the hourly chart, the pair is fixed below the moving average line MA (200) H1 (Chf0. 9385), and on the four-hour chart it is testing MA (200) H4 (Chf0.9265). In this situation, it is probably worth starting to stick to the southern direction in trading, and maybe you should look for an exit point for selling.


    Resistance levels are: Chf0.9315, Chf0.9350, Chf0.9385-95

    Support levels are: Chf0.9265, Chf0.9210-20, Chf0.9135


    The main scenario for the pair's promotion - breakout of support for Chf0. 9265 (April 7 low, MA (200) H4) and may be a decline to Chf0.9210-20 (March 17-18 and 22 lows)

    An alternative scenario - correction, breakout of the resistance of Chf0. 9350 (April 7 high) and may be an increase to Chf0.9350 (March 5 low)


  • 19:39

    GBP / USD is trading below MA (200) H1

    Today, the GBP/USD pair is trading in different directions: after rising from $1.3730 to $1.3780, the pair fell sharply to $1.3720. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.3800), and on the four - hour chart-below MA (200) H4 ($1.3880). Technically speaking, the resistance of MA (200) H1 ($1.3800)may keep the pair from rising. If it breaks through, prices may rise to $1.3940-50. The lower bound of $1.3705 represents the support level. The most likely range of price movement for today may be hidden within the range of $1.3705-1.3800



    Resistance levels are: $1.3780-1.3800,  $1.3940-50, $1.3920

    Support levels are: $1.3705, $1.3670, $1.3610


    The main scenario for the pair's promotion -  if the support of $1.3705 (March 30 low) is broken, the pair may fall to $1.3670 (March 25 low)

    An alternative scenario - breakout of the session high of $1.3780 and MA (200) H1 ($1.3800) and may be an increase to $1.3940-50 (April 2 and 7 highs)


  • 19:21

    EUR / USD remains above MA (200) H1


    Today, the EUR / USD pair is trading in the range of $1.1860-95 after rising yesterday to a nearly three-week high of $1.1915. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.1785), but on the four-hour chart it remains slightly below MA (200) H4 ($1.1920). In this situation, it is probably worth starting to stick to the north direction in trading, and maybe you should look for an exit point to buy.


    Resistance levels are: $1.1915, $1.1945, $1.1990

    Support levels are:  $1.1785-95, $1.1740, $1.1700

    The main scenario for promoting the pair  - correction, growth to $1.1915 (April 7 high) and then may be to $1.1945 (March 22 high)

    An alternative scenario - there may be a decline to $1.1785-95 (April 6 low, MA (200) H1)


  • 14:23

    The USD/CAD is testing the MA 200 H1 resistance

    Yesterday the USD/CAD was trading higher and closed the day in positive territory around the C$1.2605. Today it was trading in a narrow range of C$1.2605-25, staying close to yesterday's closing price. On the hourly chart, USD/CAD is testing resistance - the MA (200) H1 (С$1.2575) moving average line. The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading and until the USD/CAD 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: С$1.2635-45, С$1.2680, С$1.2735

    • Support levels are at: C$1.2585, C$1.2540, C$1.2505

    Probably, the main scenario - is a continuation of the decline to C$1.2580 (low of the American session on Apr 7). An alternative scenario - may be consolidation above MA (200) H1 with a subsequent rise to C$1.2645 (Mar 30 high).

  • 14:06

    AUD/USD remains below MA 200 H1

    Yesterday the AUD/USD was trading lower and closed the day in the red around the $0.7610. Today it was trading in a narrow range of $0.7605-20, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading below the moving average MA (200) H1 ($0.7620). 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 AUD/USD 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: $0.7675, $0.7700, $0.7755

    • Support levels are at: $0.7590-00, $0.7560, $0.7530

    Probably, the main scenario - is the continuation of the downward movement to $0.7600 (Apr 5 low). Alternative scenario - may be consolidation above MA 200 H1 with subsequent growth to $0.7700 (high of the European session on Mar 23).

  • 13:40

    Gold continues to test resistance MA 200 H1

    Yesterday the XAU/USD traded in different directions in the range of $1730-$1743 and closed the day without significant changes. Today gold was trading in a narrow range of $1732-39, staying close to yesterday's closing price. On the hourly chart, XAU/USD continues to test resistance - the moving average MA (200) H1 ($1720). On the four-hour chart, gold 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 until the XAU/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: $1745, $1755, $1775

    • Support levels are at: $1720, $1705-10, $1678-82

    Probably, the main scenario - is the continuation of the downward movement to $1720 (Apr 5 low). An alternative scenario - may be final consolidation above the MA 200 H1 with a subsequent rise to $1755 (Mar 18 high).

  • 13:15

    Oil remains below MA 200 H1

    Yesterday, Brent crude was traded in different directions in the range of $61.55-$63.50 and closed the day without significant changes. Oil was also trading in a narrow range of $62.65-05 today, staying close to yesterday's closing price. On the hourly chart, Brent is still trading below the moving average MA line (200) H1 ($63.55). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading and while Brent 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: $64.25, $65.25-75, $68.20

    • Support levels are at: $61.20, $60.20, $59.10

    Probably, the main scenario - is a subsequent decline to $61.20 (Apr 5 low). An alternative scenario - may be consolidation above the MA 200 H1 with a subsequent rise to $68.20 (Mar 18 high).

  • 13:02

    USD/JPY continues to test support for MA 200 H1

    Yesterday the USD/JPY traded in different directions in the Y109.55-90 range and closed the day without significant changes. Today it also traded in a narrow range of Y109.70-90, staying close to yesterday's closing price. On the hourly chart, USD/JPY continues to test the strength of the support - the MA (200) H1 (Y110.20) moving average line. On the four-hour chart, it remains above the MA 200 H4 line for now. Based on the foregoing, it is probably worth adhering to the northern direction in trading and until the USD/JPY finally consolidates below MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: Y110.55, Y110.85-95, Y111.65

    • Support levels are at: Y109.40, Y109.00-15, Y108.65

    Probably, the main scenario - is the continuation of the upward movement to Y110.55 (Apr 6 high). An alternative scenario - may be final consolidation below MA 200 H1, followed by a decline to Y109.00 (low of the American session on Mar 25).

  • 12:42

    USD/CHF remains below the MA 200 H1 line

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9290. Today it was trading in a narrow range of Chf0.9290-00, staying close to yesterday's closing price. On the hourly chart, USD/CHF still trading below the moving average MA line (200) H1 (Chf0.9390). On the four-hour chart, it remains above 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 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: Chf0.9330, Chf0.9395, Chf0.9435

    • Support levels are at: Chf0.9270, Chf0.9240, Chf0.9225

    Probably, the main scenario - is a subsequent decline to Chf0.9270 (Apr 7 low). Alternative scenario - may be consolidation above MA 200 H1 level, with further advance towards Chf0.9470 (Apr 1 high).

  • 12:14

    GBP/USD is testing MA 200 H1 support

    The GBP/USD was trading lower yesterday and closed the day in the red around $1.3735. Today it was trading in a narrow range of $1.3730-55, staying close to yesterday's closing price. On the hourly chart, GBP/USD is testing the strength of the support - the moving average MA (200) H1 ($1.3800). 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 northern direction in trading, and while the GBP/USD 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: $1.3790, $1.3835, $1.3865

    • Support levels are at: $1.3705-15, $1.3670, $1.3650

    Probably, the main scenario - is continued growth to $1.3790 (high of the American session on Apr 7). An alternative scenario - may be consolidation below the MA 200 H1 level, followed by a fall to $1.3705 (Mar 30 low).

  • 11:57

    EUR/USD was trading near a 3-week high

    Yesterday the EUR/USD traded in different directions in the range of $1.1860-$1.1915 and closed the day without significant changes. Today it was trading in a narrow range of $1.1860-70, staying close to a 3-week high. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.1780). 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 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: $1.1910, $1.1940-45, $1.1985

    • Support levels are at: $1.1835, $​​1.1795, $1.1740

    Probably, the main scenario - is continued growth to $1.1910 (Apr 7 high). An alternative scenario - may be final consolidation below the MA 200 H1, followed by a decline to $1.1705 (Mar 31 low).

April 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
REGISTER FOR TRAINING