Technical analysis

Technical analysis

10 September 2020
  • 19:54

    NZD / USD rose slightly, but remains below MA (200) H1

    Today, the NZD / USD pair is trading in the range from $0.6665-90, after rising yesterday from $0.6600 to $0.6665. The pair is trading below the moving average line of MA (200) H1 ($0.67105), but on the four-hour chart it rose slightly above MA (200) H4 ($0.6630). In this situation, it is probably worth continuing to stick to the North direction in trading, and it may be worth considering buying during the correction. The most likely range of movement of the pair today can be hidden within the range of $0.6600-0.6735.


    Resistance levels are at: $0.6705-35, $0.6790, $0.6840


    Support levels are at: $0.6600, $0.6540, $0.6540


    The main scenario for the pair's promotion - if the resistance breaks $0.6705-35 (September 4 and 8 highs, MA (200) H1), the pair is likely to grow to $0.6790 (July 18-22 high, 2019 and September 2 high)

    An alternative scenario - a breakout of the $0.6600 support (August 27 and September 9 lows) and a likely decline to $0.6540 (August 26 low)

    NZD / USD rose slightly, but remains below MA (200) H1 10.09.2020

  • 19:46

    USD/JPY is testing the MA (200) H1

    Today, the USD / JPY pair is trading with a slight decrease from Y106.30 to Y106.00, after rising during yesterday's US trading from Y105.80 to Y106.30. The pair is testing the moving average line of MA (200) H1 (Y106.10) and is trading slightly higher than MA (200) H4 (Y105.90). The y106.00 support is still holding the pair from further decline. If it breaks through, the pair may fall to Y105. 60-80. The Y106.40-55 area represents a strong resistance level. If this level is passed, USD/JPY may follow a correction to Y106. 95-107. 05. The most likely range of movement of the pair today may be hidden within the range Y105. 80-106.55.

    Resistance levels are at: Y106.40-55, Y106.95-107.05, Y107.50

    Support levels are at: Y106.00, Y105.60-80, Y105.10-20


    The main scenario for the pair's promotion - if the session low y106.00 breaks (September 3 low), the pair is likely to decline to Y105.60-80 (September 1 and 9 low).


    An alternative scenario - if strong resistance breaks through Y106.40-55 (September 3-8 highs), it is likely to rise to Y106.95-107.05 (August 12-14 and 28 highs)

    USD/JPY is testing the MA (200) H1 10.09.2020

  • 19:29

    USD/CHF falls to one-week low

    Today, the USD/CHF pair continues the decline started during yesterday's US trading and fell to a weekly low of Chf0. 9080. On the hourly chart, the pair fell slightly below MA (200) H1 (Chf0. 9115. The situation is similar on the four-hour chart. The strong support level of Chf0. 9080 keeps USD/CHF from further decline. If it breaks through, the pair may decline to Chf0. 9025 and Chf0.9000. The session high of Chf0. 9120 and MA (200) H1 (Chf0.9115) represent support levels. If they are passed, USD/CHF may follow a correction to Chf0. 9160. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9080-0.9120.


    Resistance levels are at:  Chf0.9115-20, Chf0.9160, Chf0.9200

    Support levels are at: Chf0.9080, Chf0.9025, Chf0.9000


    The main scenario for the pair's promotion - breakout of the session low of Chf0. 9080 (September 3 low), and a likely decline to Chf0.9025 (August 28 low).

    An alternative scenario - breakout of the session high of Chf0. 9120 and MA (200) H1 (Chf0.9115), and the pair's likely growth to Chf0.9160 (September 6 high).

    USD/CHF falls to one-week low 10.09.2020

  • 19:09

    GBP / USD rose slightly, but is trading near a one-month low

    Today, the GBP / USD pair is trading in the range of $1.2975-1.3035-near the closing level of yesterday's session, retreating from the almost six-week low of $1.2920 reached yesterday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3220) and on the four - hour chart-below MA (200) H4 ($1.3130), remaining under the control of bears. In this situation, it may be worth continuing to adhere to the southern direction in trade, and consider selling during the correction.


    Resistance levels are at: $1.3050, $1.3170-1.3220, $1.3320

    Support levels are at: $1.2975, $1.2890, $1.2835


    The main scenario for the pair's promotion - a break of the session low of $1.2975 (August 4 low) and a likely decline of the pair to $1.2890 (September 9 low).

    An alternative scenario - if the resistance breaks $1.3050 (August 21-25 low, high of the US session on September 8), the pair is likely to grow to $1.3170-1.3220 (September 8 high, MA (200) H1)

    GBP / USD rose slightly, but is trading near a one-month low 10.09.2020

  • 18:43

    EUR / USD rose slightly, but remains below MA (200) H1

    Today, the EUR / USD pair is trading with an increase ($1.1800 to $1.1845), continuing the increase started during yesterday's US trading. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.1850), but on the four-hour chart it rose slightly above MA (200) H4 ($1.1825). A strong resistance level ($1.1850-65) may keep EUR/USD from further growth. If it breaks through, the price may rise to $1.1930. The session low of $1.1800 represents the support level. If this level is passed, the pair may follow a correction to $1.1750. The most likely range of price movement today may be hidden within the range of $1.1750-1.1865.


    Resistance levels are at: $1.1850-65, $1.1930, $1.2010

    Support levels are at: $1.1800, $1.1750, $1.1710


    The main scenario for promoting the pair  - breakout of the $1.1850-65 area (September 3-4 high, MA (200) H1) and the pair's likely growth to $1.1930 (September 2 high)

    An alternative scenario - a break of the session low of $1.1800 and a likely decline of the pair to $1.1750 (August 21 and September 9 low)

    EUR / USD rose slightly, but remains below MA (200) H1 10.09.2020

  • 14:01

    USD/CAD remains above MA 200 H1 level

    Yesterday the USD/CAD was trading lower and closed the day in the red zone near the C$1.3150. Today it was trading in a narrow range of C$1.3140-65, staying close to yesterday's closing price. On the hourly chart, USD/CAD is still trading above the MA line (200) H1 (C$1.3100). On the four-hour chart, 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/CAD 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: С$1.3210, С$1.3255, С$1.3295

    • Support levels are at: C$1.3090, C$1.3045, C$1.2995

    USD/CAD remains above MA 200 H1 level 10.09.2020

    Probably, the main scenario - is continued growth to C$1.3210 (high of the American session on Sep 9). An alternative scenario - may be consolidation below MA (200) H1, followed by a decline to C$1.2995 (Sep 1 low).

  • 14:00

    AUD/USD remains below MA 200 H1

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7280. Today the AUD/USD was trading in a narrow range of $0.7260-80, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading below the moving average MA (200) H1 ($0.7305). On the four-hour chart, it remains above the MA 200 H4 line. 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 to form a correction.

    • Resistances levels are at: $0.7305, $0.7365, $0.7410

    • Support levels are at: $0.7195-05, $0.7150, $0.7130

    AUD/USD remains below MA 200 H1 10.09.2020

    Probably, the main scenario - is the continuation of the downward movement to $0.7205 (low of the European session on Sep 9). An alternative scenario - consolidation above MA 200 H1 with a subsequent rise to $0.7365 (high of the European session on Sep 2).

  • 13:58

    Gold tests MA 200 H1 resistance

    Yesterday, the XAU/USD was trading higher and closed the day in positive territory around $1947. Gold was trading in a narrow range of $1944-50 today, staying close to yesterday's closing price. On the hourly chart, XAU/USD is testing the resistance - the MA (200) H1 ($1945) moving average line. On the four-hour chart, gold remains below the MA 200 H4 line for now. Based on the above, it is probably worth adhering 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: $1971, $1992, $2015

    • Support levels are at: $1920, $1907, $1873

    Gold tests MA 200 H1 resistance 10.09.2020

    Probably, the main scenario - is the continuation of the downward movement to $1920 (Sep 9 low). An alternative scenario - may be consolidation above MA 200 H1 with a subsequent rise to $1971 (Sep 2 high).

  • 13:19

    Oil remains below MA 200 H1

    Brent crude was trading higher yesterday and closed the day in positive territory around $40.30. Oil was trading in a narrow range of $40.15-35 today, staying close to yesterday's closing price. On the hourly chart, Brent is still trading below the moving average MA line (200) H1 ($43.40). 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 may be necessary to look for entry points to sell on the formation of correction.

    • Resistances levels are at: $42.05, $42.80, $44.15

    • Support levels are at: $39.00, $36.90-15, $34.45

    Oil remains below MA 200 H1 10.09.2020

    Probably, the main scenario - is a subsequent decline to $39.00 (Sep 8 low). An alternative scenario - may be consolidation above MA 200 H1 with subsequent growth to $45.25 (high of the American session on Sep 2).

  • 13:08

    USD/JPY continues testing MA 200 H1

    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 Y106.10-30, staying close to yesterday's closing price. On the hourly chart, USD/JPY continues to test the resistance - the MA (200) H1 (Y106.05) 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 may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Y106.35, Y106.50-55, Y106.90-00

    • Support levels are at: Y105.80, Y105.60, Y105.20-30

    USD/JPY continues testing MA 200 H1 10.09.2020

    Probably, the main scenario - is the continuation of the downward movement to Y105.80 (Sep 9 low). An alternative scenario - may be final consolidation above MA 200 H1, followed by a rise to Y106.55 (Sep 3 high).

  • 12:45

    USD/CHF is testing support for MA 200 H1

    The USD/CHF was trading lower yesterday and closed the day in the red around the Chf0.9125. Today it was trading in a narrow range of Chf0.9110-20, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing the strength of the support - the moving average line MA (200) H1 (Chf0.9110). 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 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: Chf0.9190-00, Chf0.9240, Chf0.9260

    • Support levels are at: Chf0.9080-90, Chf0.9055, Chf0.9000

    USD/CHF is testing support for MA 200 H1 10.09.2020

    Probably, the main scenario - is a further rise towards Chf0.9190 (Sep 9 high). An alternative scenario - may be consolidation below the MA 200 H1 level, followed by a decline to Chf0.9055 (low of the American session on Sep 1).

  • 12:26

    GBP/USD remains below MA 200 H1

    Yesterday the GBP/USD traded in different directions in the range of $1.2885-35 and closed the day without significant changes. It was also trading in a narrow range of $1.2975-05 today, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading below the MA line (200) H1 ($1.3235). 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 to form a correction.

    • Resistances levels are at: $1.3055, $1.3160-80, $1.3235

    • Support levels are at: $1.2885, $1.2840, $1.2805

    GBP/USD remains below MA 200 H1 10.09.2020

    Probably, the main scenario - is a continuation of the decline to $1.2885 (Sep 9 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3350 (Sep 3 high).

  • 12:14

    EUR/USD remains below MA 200 H1

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1800. Today it was trading in a narrow range of $1.1800-20, staying close to yesterday's closing price. On the hourly chart, EUR/USD is still trading below the MA line (200) H1 ($1.1855). 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 to form a correction.

    • Resistances levels are at: $1.1865-75, $1.1925, $1.1965

    • Support levels are at: $1.1755, $1.1695-10, $1.1640

    EUR/USD remains below MA 200 H1 10.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.1755 (Sep 9 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to $1.1925 (Sep 2 high).

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