Technical analysis

Technical analysis

14 September 2020
  • 20:16

    NZD/USD rose again, and is testing the MA (200) H1

    Today, the NZD / USD pair is trading with an increase from $0.6660 to $0.6700, after falling at the end of Friday's trading from $0.6690 to $0.6640. The pair is testing the moving average line of MA (200) H1 ($0.6690), but is trading above MA (200) H4 ($0.6630) on the four-hour chart. 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: $0.6710, $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 $0.6710 (September 8 and 10 high), 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 10-11 low) and likely decline to $0.6600 (August 27 and September 9 low)

    NZD/USD rose again, and is testing the MA (200) H1 14.09.2020

  • 20:08

    USD / JPY fell below MA (200) H1

    Today, the USD / JPY pair is trading down from Y106.15 to Y105.90 and has fallen below the MA (200) H1 moving average line (Y106.15). On the four-hour chart, the pair is testing MA (200) H4 (Y105.95). The y105.80-90 support area is still holding the pair from further decline. If it breaks through, the pair may fall to Y105. 60. Session high and MA (200) H1 (Y106.15) represent resistance. If this level is passed, USD/JPY may follow a correction to Y106.40-55. The most likely range of movement of the pair today may be hidden within the range Y105.80-106.40. 

    Resistance levels are at: Y106.15, Y106.40-55, Y106.95

    Support levels are at:  Y105.80-90, Y105.60, Y105.10-20


    The main scenario for the pair's promotion - if the Y105.80-90 area breaks (September 9-10 lows, session lows), the pair is likely to decline to Y105.60 (September 1 lows).

    An alternative scenario - if the session high and MA (200) H1 (Y106.15) breakout, the pair is likely to grow to Y106. 40-55 (September 3-8 highs)

    USD / JPY fell below MA (200) H1 14.09.2020


  • 19:53

    USD / CHF remains below MA (200) H1

    Today, the USD/CHF pair is trading with a slight decrease from Chf0. 9100 to Chf0.9065. On the hourly chart, the pair remains below MA (200) H1 (Chf0. 9125). 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. The Chf0.9110-25 area 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. 9050-0.9125.


    Resistance levels are at:  Chf0.9110-25, Chf0.9160, Chf0.9200

    Support levels are at: Chf0.9050, Chf0.9000, Chf0.8940


    The main scenario for the pair's promotion - break in support of Chf0. 9050 (September 10 low), and a likely decline to Chf0.9000 (September 1 low).

    An alternative scenario - breakout of the Chf0.9110-25 area (September 10 highs, MA (200) H1), and the pair's likely growth to Chf0.9160 (September 6 high).

    USD / CHF remains below MA (200) H1 14.09.2020

  • 19:20

    GBP / USD rose slightly, but remains near the lows of the end of July

    Today, the GBP / USD pair is trading with a slight increase in the range of $1.2790-1.2885, but will remain near the lows of the end of July reached last week. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3190) and on the four - hour chart-below MA (200) H4 ($1.3120), 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, $1.3035-90, $1.3175

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


    The main scenario for the pair's promotion - break in the support of $1.2760 (September 10-11 low) and a likely decline in the pair to $1.2720 (July 24 low).

    An alternative scenario - if the resistance breaks $1.2885 (September 9 low, session high), the pair is likely to grow to $1.3035-90 (September 10 high, MA (200) H1)

    GBP / USD rose slightly, but remains near the lows of the end of July 14.09.2020


  • 19:01

    EUR / USD is trading above MA (200) H1

    Today, the EUR / USD pair is trading with growth (from $1.1830 to $1.1875), regaining the positions lost during the US trading on Friday. On the hourly chart, the pair is trading slightly above the MA (200) H1 moving average line ($1.1830). The situation is similar on the four-hour chart. 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. Thursday'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: $1.1915-30, $1.1965, $1.2010

    Support levels are at: $1.1830, $1.1800, $1.1750


    The main scenario for promoting the pair  - continuation of the upward movement to $1.1915-30 (September 2 and 10 highs) and then growth to $1.1965 (August 31 high)

    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 is trading above MA (200) H1 14.09.2020


  • 14:17

    USD/CAD remains above MA 200 H1

    On Friday, the USD/CAD traded in different directions in the range of С$1.3150-С$1.3205 and closed the day without significant changes. Today it dropped slightly, falling to the level of C$1.3155. On the hourly chart, USD/CAD is still trading above the moving average MA line (200) H1 (C$1.3130). On the four-hour chart, it remains below the MA 200 H4 line. Based on the foregoing, 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 levels are at: С$1.3205, 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 14.09.2020

    Probably, the main scenario - is continued growth to C$1.3205 (Sep 11 high). An alternative scenario - may be consolidation below MA (200) H1, followed by a decline to C$1.3045 (Sep 4 low).

  • 14:07

    The AUD/USD is testing the MA 200 H1 resistance

    On Friday, the AUD/USD was trading higher and closed the day in positive territory around the $ 0.7280. Today it was trading in a narrow range of $0.7270-90, staying close to Friday's close. On the hourly chart, AUD/USD is testing resistance - the MA (200) H1 ($0.7280) 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 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: $0.7320, $0.7365, $0.7410

    • Support levels are at: $0.7250, $0.7195-05, $0.7150

    The AUD/USD is testing the MA 200 H1 resistance 14.09.2020

    Probably, the main scenario - is the continuation of the downward movement to $0.7250 (Sep 10 low). 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).

  • 13:39

    Gold tests MA 200 H1 resistance

    On Friday, the XAU/USD traded in different directions in the range of $1937-55 and closed the day without significant changes. Gold is up slightly today, rising to $1951. On the hourly chart, XAU/USD is testing resistance - the MA (200) H1 moving average line ($1942). On the four-hour chart, gold remains below the MA 200 H4 line for now. Based on the foregoing, 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 to form a correction.

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

    • Support levels are at: $1935, $1920, $1907

    Gold tests MA 200 H1 resistance 14.09.2020

    Probably, the main scenario - is the continuation of the downward movement to $1935 (low of the American session on Sep 9). An alternative scenario - may be consolidation above MA 200 H1 with a subsequent rise to $1971 (Sep 2 high).

  • 13:32

    Oil remains near 13-week low

    On Friday, Brent crude was traded in different directions in the range of $39.05-$40.05 and closed the day without significant changes. Crude oil also traded in a narrow range of $39.45-80 today, staying close to a 13-week low. On the hourly chart, Brent is still trading below the moving average MA (200) H1 line ($42.25). 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: $40.65-90, $42.05, $42.80

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

    Oil remains near 13-week low 14.09.2020

    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).

  • 13:01

    USD/JPY continues testing MA 200 H1

    On Friday, the USD/JPY traded in different directions in the range Y106.05-25 and closed the day without significant changes. Today it was trading in a narrow range Y106.05-15, staying close to Friday's close. On the hourly chart, USD/JPY continues to test the resistance - the moving average MA (200) H1 (Y106.10). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering 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 14.09.2020

    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).

  • 12:49

    USD/CHF is testing support for MA 200 H1

    On Friday, the USD/CHF traded in different directions in the range Chf0.9080-Chf0.9105 and closed the day without significant changes. Today it was trading in a narrow range of Chf0.9080-95, staying close to Friday's close. On the hourly chart, USD/CHF is testing its support - the MA (200) H1 (Chf0.9125) 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: Chf0.9115, Chf0.9135, Chf0.9190-00

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

    USD/CHF is testing support for MA 200 H1 14.09.2020

    Probably, the main scenario - is a further rise to Chf0.9115 (high of the European session on Sep 10). Alternative scenario - may be consolidation below MA 200 H1 level, followed by a decline towards Chf0.9050 (Sep 10 low).

  • 12:19

    GBP/USD is trading near 7-week low

    On Friday, the GBP/USD traded in different directions in the range of $1.2760-$1.2865 and closed the day without significant changes. Today it was trading in a narrow range of $1.2785-30, staying close to a 7-week low. On the hourly chart, GBP/USD is still trading below the MA line (200) H1 ($1.3110). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering 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: $1.2890, $1.2980, $1.3035

    • Support levels are at: $1.2765, $1.2720, $1.2675

    GBP/USD is trading near 7-week low 14.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.2765 (Sep 11 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3235 (high of the European session on Sep 7).

  • 11:58

    EUR/USD continues to test MA 200 H1

    On Friday, the EUR/USD traded in different directions in the range of $1.1820-70 and closed the day without significant changes. Today it was trading in a narrow range of $1.1830-55, staying close to Friday's close. On the hourly chart, EUR/USD is testing resistance - the MA (200) H1 ($1.1830) 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 south direction in trading and until the EUR/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: $1.1870, $1.0915-25, $1.1965

    • Support levels are at: $1.1800, $1.1755, $1.1710

    EUR/USD continues to test MA 200 H1 14.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.1800 (Sep 10 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to $1.1925 (Sep 2 high).

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