Technical analysis

Technical analysis

09 April 2021
  • 20:20

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

    Today, since the beginning of trading, the NZD/USD pair fell from $0.7065 to $0.7010, but soon rose to $0.7060, regaining most of the positions lost yesterday. The pair has risen above the MA (200) H1 ($0.7020) moving average line, but is trading well below MA (200) H4 ($1.7135) 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 (lows of April 6-7, session low)

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


  • 20:10

    USD / JPY rises, but remains below MA (200) H1

    Today, the USD/JPY pair rose from Y109. 20 to Y109. 70, after falling yesterday to the psychological level of Y109. 00. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Y110. 20), but on the four-hour chart it remains above MA (200) H4 (Y108.70). Technically speaking, the resistance Y109.95-110.20 can keep the pair from further growth. If it breaks through, prices may rise to Y110. 55. The lower limit of Y109. 00 is the main support level. The most likely range of price movement for today may be hidden within the range of Y109. 00-95.

    Resistance levels are: Y109.95-110.20, Y110.55, Y110.95

    Support levels are: Y109.40, Y109.00, Y108.40


    The main scenario for the pair's promotion - growth to Y109. 95-110. 20 (April 7 high, MA (200) H1) and then, maybe, to Y110. 55 (April 6 high)

    An alternative scenario - correction and may be a decline to Y109. 00 (April 8 low)


  • 19:43

    USD / CHF consolidated below MA (200) H1

    Today, the USD/CHF pair rose slightly to Chf0. 9270, after falling yesterday to a three-week low of Chf0.9230. On the hourly chart, the pair is fixed below the moving average line of MA (200) H1 (Chf0. 9365), and on the four-hour chart, it is trading slightly below MA (200) H4 (Chf0.980). 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: Chf0.9300-15, Chf0.9350-65, Chf0.9395

    Support levels are: Chf0.9210-30, Chf0.9180, Chf0.9135


    The main scenario for the pair's promotion - correction, breakout of support for Chf0. 9210-30 (March 17-18 and March 22 and April 8 lows) and may be a decline to Chf0. 9180 (March 4 low)

    An alternative scenario - breakout of the resistance of Chf0. 9300-15 (April 7-8 high) and may be an increase to Chf0.9350-65 (March 5 low, MA (200) H1)




  • 19:31

    GBP / USD is trading below MA (200) H1

    Today, the GBP / USD pair is trading in different directions: after falling from $1.3750 to a two-week low of $1.3670, the pair rose again to $1.3720. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.3795), and on the four - hour chart-below MA (200) H4 ($1.3870). Technically speaking, the support of $1.3670 kept the pair from falling further. The upper limit of $1.3780-95 represents the resistance level. The most likely range of price movement for today may be hidden within the range of $1.3670-1.3795



    Resistance levels are: $1.3750,  $1.3780-95, $1.3840-50

    Support levels are: $1.3670, $1.3610, $1.3565


    The main scenario for the pair's promotion -  correction, and decline to the session low of $1.3670 (March 25 low)

    An alternative scenario - breakout of the session high of $1.3750 and may be an increase to $1.3780-95 (April 8 high, MA (200) H1)


  • 19:19

    EUR / USD declines, but remains above MA (200) H1

    Today, the EUR / USD pair is trading down to $1.1880 after rising yesterday to a three-week high of $1.1925. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1800), but on the four-hour chart it remains below MA (200) H4 ($1.1915). Technically speaking, the support of $1.1860 may keep the pair from further decline. If it breaks through, prices may fall to $1.1795-1.1800. The upper limit of $1.1925 represents the resistance level. The most likely range of price movement for today may be hidden within the range of $1.1860-1.1925


    Resistance levels are: $1.1925-45, $1.1990, $1.2065

    Support levels are: $1.1860, $1.1795-1.1800, $1.1740

    The main scenario for promoting the pair  - correction, growth to $1.1925-45 (March 22 and April 8 highs)

    An alternative scenario - decline to $1.1860 (April 7-8 low) and then maybe to $1.1795-1.1800 (April 6 low, MA (200) H1)


  • 14:04

    The USD/CAD is testing the MA 200 H1 resistance

    Yesterday, the USD/CAD was trading lower and closed the day in the red around the C$1.2560. Today it, on the contrary, increased slightly, rising to the level of С$1.2590. 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: С$1.2540, С$1.2505, С$1.2465-75

    Probably, the main scenario - is the continuation of the decline to C$1.2540 (low of the American session on Apr 6). An alternative scenario - may be consolidation above MA (200) H1 with a subsequent rise to C$1.2645 (Mar 30 high).

  • 13:51

    The AUD/USD fell

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7650. Today it fell sharply, dropping to $0.7610. On the hourly chart, AUD/USD is still trading below the moving average MA line (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 7 low). Alternative scenario - may be consolidation above MA 200 H1 with subsequent growth to $0.7700 (high of the European session on Mar 23).

  • 13:43

    Gold consolidated above MA 200 H1

    Yesterday, the XAU/USD was trading higher and closed the day in positive territory around the $1755. Today gold was trading in a narrow range of $1751-57, staying close to yesterday's closing price. On the hourly chart, XAU/USD is still trading above the MA line (200) H1 ($1722). 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: $1758, $1775, $1788

    • Support levels are at: $1732, $1720, $1705-10

    Probably, the main scenario - is the continuation of the upward movement to $1758 (Apr 8 high). An alternative scenario - may be consolidation below MA 200 H1 with a subsequent decline to $1683 (low of the American session on Mar 31).

  • 13:26

    Oil remains below MA 200 H1

    Yesterday Brent crude was traded in different directions in the range of $62.40-$63.45 and closed the day without significant changes. Oil was trading in a narrow range of $63.15-55 today, staying close to yesterday's closing price. On the hourly chart, Brent is still trading below the moving average MA line (200) H1 ($63.50). 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: $61.20-55, $60.20, $59.10

    Probably, the main scenario - is a subsequent decline to $61.55 (Apr 7 low). An alternative scenario - may be consolidation above MA 200 H1 with a subsequent rise to $65.75 (high of the American session on Mar 18).

  • 13:02

    The USD/JPY has consolidated below the MA 200 H1 line

    The USD/JPY was trading lower yesterday and closed the day in the red around the Y109.25. Today it was trading in a narrow range of Y109.20-35, staying close to yesterday's closing price. On the hourly chart, USD/JPY has broken through and consolidated below the MA line (200) H1 (Y110.20). 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/JPY remains below MA 200 H1, it may be necessary to look for a sell entry point for the formation of a correction.

    • Resistances levels are at: Y109.90, Y110.55, Y110.85-95

    • Support levels are at: Y109.00, Y108.65, Y108.40-45

    Probably, the main scenario - is the continuation of the downward movement to Y109.00 (Apr 8 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to Y110.95 (Mar 31 high).

  • 12:41

    USD/CHF is trading near 3-week low

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9240. Today it was trading in a narrow range of Chf0.9235-45, staying close to a 3-week low. On the hourly chart, USD/CHF is still trading below the moving average MA line (200) H1 (Chf0.9375). 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 a sell entry point for the formation of a correction.

    • Resistances levels are at: Chf0.9300, Chf0.9330, Chf0.9395

    • Support levels are at: Chf0.9225-30, Chf0.9190, Chf0.9165

    Probably, the main scenario - is a subsequent decline to Chf0.9230 (Apr 8 low). Alternative scenario - may be consolidation above MA 200 H1 level, with further advance towards Chf0.9470 (Apr 1 high).

  • 12:17

    GBP/USD remains below MA 200 H1

    Yesterday the GBP/USD traded in different directions in the range of $1.3720-80 and closed the day without significant changes. Today it was trading in a narrow range of $1.3720-50, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading below the MA line (200) H1 ($1.3795). 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 GBP/USD remains below MA 200 H1, it may be necessary to look for a sell entry point for the formation of a correction.

    • Resistances levels are at: $1.3780, $1.3835, $1.3865

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

    Probably, the main scenario - is the continuation of the decline to $1.3715 (Mar 31 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3915 (Apr 6 high).

  • 12:08

    EUR/USD was trading near a 3-week high

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1915. Today it was trading in a narrow range of $1.1905-20, staying close to a 3-week high. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.1795). 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: $1.1925, $1.1940-45, $1.1985

    • Support levels are at: $1.1860, $1.1835, $1.1795

    Probably, the main scenario - is continued growth to $1.1925 (Apr 8 high). An alternative scenario - may be final consolidation below the MA 200 H1, followed by a decline to $1.1705 (Mar 31 low).

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