Technical analysis

Technical analysis

11 September 2020
  • 20:11

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

    Today, the NZD / USD pair is trading with an increase from $0.6645 to $0.6695, after falling at the end of yesterday's trading from $0.6700 to $0.6640. The pair is trading below the moving average line of MA (200) H1 ($0.6700), 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 $0.6640-0.6710.


    Resistance levels are at: $0.6700-10, $0.6735, $0.6790


    Support levels are at: $0.6640, $0.6600, $0.6540


    The main scenario for the pair's promotion - if the resistance breaks $0.6700-10 (September 8 and 10 high, MA (200) H1), the pair is likely to grow to $0.6735 (September 4 high)

    An alternative scenario - breakout of support at $0.6640 (August 28 and September 10 low) and likely decline to $0.6600 (August 27 and September 9 low)

    NZD / USD slightly increased, but remains below MA (200) H1 11.09.2020

  • 19:54

    USD / JPY continues to test MA (200) H1

    Today, the USD / JPY pair is trading in the range Y106.10-25, remaining within yesterday's trading range Y106.00-30. The pair is testing the moving average line of MA (200) H1 (Y106.15) and is trading slightly higher than MA (200) H4 (Y105.95). The support area of Y105.80-106.00 is still holding the pair from further decline. If it breaks through, the pair may fall to Y105.60. The Y106.30-40 Area represents a strong resistance level. If this level is passed, USD/JPY may follow a correction to Y106. 55. The most likely range of movement of the pair today may be hidden within the range Y105. 80-106.40.

    Resistance levels are at: Y106.30-40, Y106.55, Y106.95

    Support levels are at:  Y105.80-106.00, Y105.60, Y105.10-20


    The main scenario for the pair's promotion - if the Y105.80-106.00 area breaks (September 9-10 lows), the pair is likely to decline to Y105.60 (September 1 lows).

    An alternative scenario - if the strong resistance of Y106.30-40 breaks through (September 7-8 and 10 highs), the pair is likely to grow to Y106. 55 (September 3 high)

    USD / JPY continues to test MA (200) H1 11.09.2020

  • 19:38

    USD / CHF remains below MA (200) H1

    Today, the USD/CHF pair is trading in the range of Chf0. 9080-0.9105, after falling yesterday to a more than one-week low of Chf0.9050. On the hourly chart, the pair remains below MA (200) H1 (Chf0. 9120). The situation is similar on the four-hour chart. The strong support level of Chf0. 9050 keeps USD / CHF from further decline. If it breaks through, the pair may decline to Chf0. 9000. Yesterday's high and MA (200) H1 (Chf0.9120) represents the resistance level. If it is 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. 9050-0.9120.


    Resistance levels are at:  Chf0.9120, Chf0.9160, Chf0.9200

    Support levels are at: Chf0.9080, Chf0.9050, Chf0.9000


    The main scenario for the pair's promotion - breakout of the session low Chf0. 9080 (September 3 low), and a likely decline to Chf0.9050 (September 10 low).

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

    USD / CHF remains below MA (200) H1 11.09.2020

  • 19:24

    GBP / USD is trading near the lows of the end of July

    Today, the GBP / USD pair is trading in the range of $1.2760-1.2870-near the lows of the end of July reached yesterday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3155) 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 stick to the southern direction in trading, and consider selling during the correction.



    Resistance levels are at: $1.2885, $1.3035, $1.3155

    Support levels are at: $1.2760, $1.2720, $1.2640


    The main scenario for the pair's promotion - break of the session low of $1.2760 and a likely decline of the pair to $1.2720 (July 24 low).

    An alternative scenario - if the resistance breaks $1.2885 (September 9 low), the pair is likely to rise to $1.3035 (September 10 high)

    GBP / USD is trading near the lows of the end of July 11.09.2020


  • 19:08

    EUR / USD broke through the resistance of MA (200) H1

    Today, the EUR / USD pair is trading with growth ($1.1815 to $1.1875), regaining most of the positions lost during yesterday's US trading. Yesterday, the pair rose to $1.1915, but by the end of trading it began to decline and closed the session around $1.1810. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 ($1.1840), and on the four - hour chart-above MA (200) H4 ($1.1830). A strong resistance level ($1.1915-30) may keep EUR/USD from further growth. If it breaks through, the price may rise to $1.1965. Yesterday's 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 $1.1800-1.1930.

    Resistance levels are at: $1.1875, $1.1915-30, $1.1965

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


    The main scenario for promoting the pair  - breakout of the session high of $1.1875 and the pair's likely growth to $1.1915-30 (September 2 and 10 highs)

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

    EUR / USD broke through the resistance of MA (200) H1 11.09.2020


  • 14:16

    USD/CAD remains above MA 200 H1

    Yesterday the USD/CAD was trading higher and closed the day in positive territory around the C$1.3190. Today it dropped slightly, dropping to the C$1.3165. On the hourly chart, USD/CAD is still trading above the moving average MA line (200) H1 (C$1.3115). 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 to form a correction.

    • Resistances are at: С$1.3210, С$1.3255, С$1.3295

    • Support levels are at: C$1.3120, C$1.3090, C$1.3045

    USD/CAD remains above MA 200 H1 11.09.2020

    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).

  • 14:07

    AUD/USD remains below MA 200 H1

    Yesterday the AUD/USD was trading lower and closed the day in the red around the $0.7255. Today it rallied slightly, rising to $0.7280. On the hourly chart, AUD/USD is still trading below the MA line (200) H1 ($0.7290). 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 is necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: $0.7320, $0.7365, $0.7410

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

    AUD/USD remains below MA 200 H1 11.09.2020

    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 - may be 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 traded in different directions in the range of $1942-66 and closed the day without significant changes. 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 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 to form a correction.

    • Resistances levels are at: $1965-71, $1992, $2015

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

    Gold tests MA 200 H1 resistance 11.09.2020

    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 near 13-week low

    Brent crude traded lower yesterday and closed the day in the red around $39.45. Oil traded in a narrow range of $39.50-75 today, staying close to a 13-week low. On the hourly chart, Brent is still trading below the moving average MA (200) H1 ($42.80). 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 a correction.

    • Resistances levels are at: $40.90, $42.05, $42.80

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

    Oil remains near 13-week low 11.09.2020

    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 a subsequent rise to $45.25 (high of the American session on Sep 2).

  • 13:09

    USD/JPY continues testing MA 200 H1

    Yesterday the USD/JPY traded in different directions in the range Y106.00-25 and closed the day without significant changes. Today it also traded in a narrow range of Y106.10-20, 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: Y106.00, Y105.80, Y105.60

    USD/JPY continues testing MA 200 H1 11.09.2020

    Probably, the main scenario - is the continuation of the downward movement to Y106.00 (Sep 10 low). An alternative scenario - may be final consolidation above MA 200 H1, followed by a rise to Y106.55 (Sep 3 high).

  • 12:38

    USD/CHF is testing MA 200 H1 support

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9095. Today it was trading in a narrow range of Chf0.9095-05, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing its support - the MA (200) H1 (Chf0.9115) moving average line. 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 until the USD/CHF 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: Chf0.9130, Chf0.9190-00, Chf0.9240

    • Support levels are at: Chf0.9050, Chf0.9000, Chf0.8900

    USD/CHF is testing MA 200 H1 support 11.09.2020

    Probably, the main scenario - is a further rise to Chf0.9130 (high of the American session on Sep 9). Alternative scenario - may be consolidation below MA 200 H1 level, followed by a decline towards Chf0.9050 (Sep 10 low).

  • 12:28

    GBP/USD is trading near 7-week low

    Yesterday, the GBP/USD was trading lower and closed the day in the red around $1.2800. Today it was trading in a narrow range of $1.2790-20, staying close to a 7-week low. On the hourly chart, GBP/USD is still trading below the MA line (200) H1 ($1.3175). 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: $1.3035, $1.3155, $1.3235

    • Support levels are at: $1.2775, $1.2720, $1.2675

    GBP/USD is trading near 7-week low 11.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.2775 (Sep 10 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3315 (Sep 4 high).

  • 12:09

    EUR/USD is testing the MA 200 H1 resistance

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around the $1.1820. Today it was trading in a narrow range of $1.1820-40, staying close to yesterday's closing price. On the hourly chart, EUR/USD is testing resistance - the MA (200) H1 ($1.1845) 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 sticking to the south direction in trading, and while 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: $1.1880, $1.0915-25, $1.0965

    • Support levels are at: $1.1795, $1.1755, $1.1710

    EUR/USD is testing the MA 200 H1 resistance 11.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.1795 (low of the American session on Sep 9). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to $1.1925 (Sep 2 high).

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