Technical analysis

Technical analysis

17 September 2020
  • 20:26

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

    Today, since the beginning of trading, the NZD/USD pair fell from $0.6735 to $0.6675, but soon rose again, regaining all the positions lost today. On the hourly chart, the pair is trading above MA (200) H1 ($0.6685) and on the four - hour chart-above MA (200) H4 ($0.6640). A strong resistance level of $0.6760 may keep NZD / USD from rising further. If it breaks through, the price may rise to $0.6790. The $0.6675-85 area represents support levels. If these levels are passed, the pair may follow a correction to $0.6640. The most likely range of price movement today may be hidden within the range of $1.6675-1.6760.


    Resistance levels are at: $0.6760, $0.6790, $0.6840

    Support levels are at:  $0.6675-85, $0.6640, $0.6600


    The main scenario for the pair's promotion - growth to $0.6760 (September 16 high), and then, possibly, the pair's growth to $0.6790 (September 2 high)

    An alternative scenario - breakout of $0.6675-85 (MA (200) H1, session low) and likely decline to $0.6640 (September 10-11 low)

    The NZD / USD pair again rose above the MA (200) H1 17.09.2020


  • 20:18

    USD/JPY fell to a minimum of the end of July

    Today, the USD / JPY pair continues to trade with a decline and fell from Y105.15 to the low of the end of July Y104.50. The pair is trading below the MA (200) H1 moving average line (Y105.80). The situation is similar on the four-hour chart. Support for Y104.15 (July 31 low) may keep the pair from further decline. If this level is passed, the pair may fall to Y103. 10. The session high of Y105.15 represents resistance. If this level is passed, USD/JPY may follow a correction to Y105.80. The most likely range of movement of the pair today may be hidden within the range Y104.15-105.15.


    Resistance levels are at: Y105.15, Y105.80, Y106.25-40

    Support levels are at:  Y104.15, Y103.10, Y101.20


    The main scenario for the pair's promotion - the downward movement towards Y104.15 (July 31 low) is likely to continue

    An alternative scenario - if the session high of Y105.15 breaks, the pair is likely to grow to Y105. 80 (September 15 high, MA (200) H1)

    USD/JPY fell to a minimum of the end of July 17.09.2020


  • 19:58

    USD / CHF is down again, after rising since the beginning of trading and testing MA (200) H1

    Today, since the beginning of trading, the USD/CHF pair continued the growth started during yesterday's US trading, and increased from Chf0. 9090 to a weekly high of Chf0.9140. But during the European session, the pair fell to Chf0. 9100, losing almost all the positions won at the beginning of trading. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0. 9110). The situation is similar on the four-hour chart. A strong support level of Chf0. 9080 may keep USD / CHF from falling further. If it breaks through, the pair may decline to Chf0. 9050. The session high of Chf0. 9140 represents the resistance level. 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. 9080-0.9140.


    Resistance levels are at: Chf0.9140, Chf0.9160, Chf0.9200

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


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

    An alternative scenario - breakout of the session high of Chf0. 9140, and the pair is likely to grow to Chf0.9160 (September 6 high).

    USD / CHF is down again, after rising since the beginning of trading and testing MA (200) H1 17.09.2020

  • 19:41

    GBP/USD is testing the MA (200) H1

    Today, the GBP / USD pair is trading in the range of $1.2880-1.2980, remaining within yesterday's range of $1.2870-1.3010. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.2950), but on the four-hour chart it remains below MA (200) H4 ($1.3110). A strong resistance level of $1.3010-30 may keep GBP / USD from further growth. If it breaks through, the price may rise to $1.3175. Yesterday's low of $1.2870 represents the support level. If this level is passed, the pair may follow a correction to $1.2760. The most likely range of price movement today may be hidden within the range of $1.2870-1.3030


    Resistance levels are at: $1.3010-30, $1.3175, $1.3320

    Support levels are at: $1.2870, $1.2760, $1.2720


    The main scenario for the pair's promotion - break of yesterday's low of $1.2870 and likely decline to $1.2760 (September 10-11 low)

    An alternative scenario -if the MA (200) H1 ($1.2950) and the area of $1.3010-30 (September 9-10 and 16 highs) are broken, then the pair is likely to grow to $1.3175 (September 4 low, September 8 high)

    GBP/USD is testing the MA (200) H1 17.09.2020


  • 19:28

    EUR / USD regains positions lost since the start of trading

    Today, since the beginning of trading, the EUR/USD pair continued the decline that began during yesterday's US trading, and fell from $1.1820 to a one-month low of $1.1735. But during the European session, the pair rose to $1.1810, regaining most of the positions lost today. The pair fell below the moving average line MA (200) H1 ($1.1830) and on the four - hour chart-below MA (200) H4 ($1.1835). If EUR / USD is fixed below these levels, a new downtrend may begin to form. Until this happens, it may be worth continuing to stick to the Northern direction of trade and look for exit points to buy. The most likely range of price movement today may be hidden within the range of $1.1735-1.1830


    Resistance levels are at: $1.1830, $1.1880, $1.1900-20

    Support levels are at: $1.1735-50, $1.1695-1.1710, $1.1640


    The main scenario for promoting the pair  - breakout of MA (200) H1 ($1.1830) and then, growth to $1.1880 (September 16 high)

    An alternative scenario - correction and probable decline of the pair to $1.1735-50 (September 9 low, session low)

    EUR / USD regains positions lost since the start of trading 17.09.2020


  • 14:07

    USD/CAD remains above MA 200 H1

    Yesterday the USD/CAD was trading lower and closed the day in the red zone near the price of C$1.3170. It rose today, rising to the level of C$1.3235. On the hourly chart, USD/CAD is still trading above the moving average MA line (200) H1 (C$1.3165). 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/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$1.3255, С$1.3295, С$1.3345

    • Support levels are at: С$1.3170, С$1.3120-25, С$1.3090

    USD/CAD remains above MA 200 H1 17.09.2020

    Probably, the main scenario - is continued growth to C$1.3255 (Sep 9 high). An alternative scenario - may be consolidation below MA (200) H1 with a subsequent decline to C$1.3085 (Sep 8 low).

  • 13:58

    AUD/USD is testing support for MA 200 H1

    Yesterday the AUD/USD traded in different directions in the range of $0.7280-$0.7340 and closed the day without significant changes. Today it dropped to $0.7255. On the hourly chart, AUD/USD is testing the strength of the support - the moving average line MA (200) H1 ($0.7280). On the four-hour chart, it remains above 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 AUD/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: $0.7310, $0.7340, $0.7365

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

    AUD/USD is testing support for MA 200 H1 17.09.2020

    Probably, the main scenario - is the continuation of the upward movement to $0.7310 (session high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $0.7205 (low of the European session on Sep 9).

  • 13:57

    Gold is testing support for MA 200 H1

    Yesterday, the XAU/USD traded in different directions in the range of $1950-$1972 and closed the day without significant changes. Today gold has dropped to $1938. On the hourly chart, XAU/USD is testing the strength of the support - the moving average MA (200) H1 ($1944). 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 northern direction in trading and until the XAU/USD finally consolidates below MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1960, $1973, $1992

    • Support levels are at: $1937, $1920, $1906

    Gold is testing support for MA 200 H1 17.09.2020

    Probably, the main scenario - is the continuation of the upward movement to $1960 (session high). An alternative scenario - consolidation below MA 200 H1, followed by a decline to $1920 (Sep 9 low).


  • 13:18

    Oil tests resistance MA 200 H1

    Yesterday Brent crude was trading higher and closed the day in positive territory around $42.05. Oil was trading in a narrow range of $41.45-20 today, staying close to yesterday's closing price. On the hourly chart, Brent is testing resistance - the moving average line MA (200) H1 ($40.75). On the four-hour chart, oil remains below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the southern direction in trading, and until Brent finally consolidates above MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: $42.80, $44.15-35, $​​45.25

    • Support levels are at: $40.40, $39.00-15, $36.90-15

    Oil tests resistance MA 200 H1 17.09.2020

    Probably, the main scenario - is a subsequent decline to $40.40 (Sep 16 low). An alternative scenario -  may be consolidation above MA 200 H1 with subsequent growth to $42.85 (high of the American session on Sep 4).

  • 13:04

    USD/JPY remains below MA 200 H1

    Yesterday, the USD/JPY was trading lower and closed the day in the red around the Y104.95. Today it was trading in a narrow range of Y104.90-15, staying close to yesterday's closing price. On the hourly chart, USD/JPY is still trading below the moving average MA line (200) H1 (Y105.90). 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: Y105.35, Y105.80, Y106.00

    • Support levels are at: Y104.80, Y104.55, Y104.20

    USD/JPY remains below MA 200 H1 17.09.2020

    Probably, the main scenario - is the continuation of the downward movement to Y104.80 (Sep 16 low). An alternative scenario - may be final consolidation above MA 200 H1, followed by a rise to Y106.35 (Sep 8 high).

  • 12:54

    USD/CHF is testing the MA 200 H1 resistance

    Yesterday the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9095. It also rose today, climbing to Chf0.9135. On the hourly chart, USD/CHF is testing the resistance - the moving average 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 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 at the end of the correction.

    • Resistances levels are at: Chf0.9135, Chf0.9190-00, Chf0.9240

    • Support levels are at: Chf0.9085, Chf0.9050-55, Chf0.9000

    USD/CHF is testing the MA 200 H1 resistance 17.09.2020

    Probably, the main scenario - is a subsequent decline to Chf0.9085 (session low). Alternative scenario - may be consolidation above MA 200 H1, with further advance towards Chf0.9190 (Sep 9 high).

  • 12:23

    GBP/USD is testing the MA 200 H1 resistance

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around the $1.2965. Today it dropped slightly, dropping to $1.2900. On the hourly chart, the GBP/USD is testing resistance - the MA (200) H1 ($1.2960) moving average line. On the four-hour chart, it remains below the MA 200 H4 line. Based on the above, 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 at the end of the correction.

    • Resistances levels are at: $1.3005-30, $1.3160-80, $1.3235

    • Support levels are at: $1.2815-40, $1.2765, $1.2720

    GBP/USD is testing the MA 200 H1 resistance 17.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.2840 (low of the American session on Sep 15). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3160 ​​(Sep 8 high).

  • 12:01

    The EUR/USD continues yesterday's decline

    Yesterday the EUR/USD was trading lower and closed the day in the red zone around the $1.1815. Today it also fell sharply, falling to $1.1740. On the hourly chart, EUR/USD has broken and consolidated below the moving average MA (200) H1 ($1.1830). 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 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: $1.1815, $1.1850, $1.1880

    • Support levels are at: $1.1740, $1.1695-10, $1.1640

    The EUR/USD continues yesterday's decline 17.09.2020

    Probably, the main scenario - is the continuation of the decline to $1.1740 (session low). An alternative scenario  - may be consolidation above MA 200 H1, followed by a rise to $1.1880 (Sep 16 high).


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