Technical analysis

Technical analysis

30 September 2021
  • 20:15

    NZD/USD is trading near a five-week low

    Today, the NZD/USD pair is trading in the range of $0.6860-90 - about a five-week low. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($0.6995) and on the four-hour chart, the pair fell below MA (200) H4 ($0.7015). In this situation, it is probably necessary to stick to the southern direction in trade, and maybe it is worth looking for exit points for sale.



    Resistance levels are: $0.6890, $0.6965, $0.6995

    Support levels are: $0.6805, $0.6750, $0.6680


    The main scenario for the pair's promotion — continuation of the downward movement to $0.6805 is likely (August 19-20 low).

    An alternative scenario — breakout of the session high of $0.6890 and there may be an increase to $0.6965 (September 29 high)


  • 19:59

    USD/JPY is trading near the highs of February 2020

    Today, the USD/JPY pair is trading in the range Y111.80-112.10 - near the highs of February 2020. On the hourly chart, the pair is trading above the moving average line MA (200) H1 (Y110.50). The situation is similar on the four-hour chart. In this situation, it is probably necessary to stick to the northern direction in trading, and maybe it is worth looking for exit points to buy. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.

     

    Resistance levels are: Y112.25, Y112.40, Y113.00

    Support levels are: Y111.80, Y111.20, Y110.50


    The main scenario for the pair's promotion — the pair may grow to Y112.25 (February 20-21’ 2020 high)

    An alternative scenario — if the session low of Y111.80 is broken, the pair may fall to Y111.20 (September 29 low)


  • 19:47

    USD/CHF rose to the maximum of the beginning of April

    Today, the USD/CHF pair is trading mainly with an increase in the range of Chf0.9330-70, reaching a maximum in early April. On the hourly chart, the pair rose above the moving average line MA (200) H1 (CHF0.9270) and on the four-hour chart - above MA (200) H4 (CHF0.9200). In this situation, it is probably necessary to stick to the northern direction in trading, and maybe it is worth looking for exit points to buy.


    Resistance levels are: Chf0.9395, Chf0.9440, Chf0.9475

    Support levels are: Chf0.9330, Chf0.9270-80,  Chf0.9215


    The main scenario for the pair's promotion — The upward movement towards Chf0.9395 is likely to continue (April 6 high)

    An alternative scenario — breakout of the session minimum of Chf0.9330, and there may be a decline to Chf0.9270-80 (September 29 low, MA (200) H1)


  • 19:29

    GBP/USD is trading near the low of the end of December 2020

    Today, the GBP/USD pair is trading in the range of $1.3410-70 - near the low of the end of December 2020. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.3630) and on the four-hour chart - below MA (200) H4 ($1.3740). In this situation, it is probably necessary to stick to the southern direction in trade, and maybe it is worth looking for exit points for sale.


    Resistance levels are: $1.3470, $1.3555, $1.3630

    Support levels are: $1.3410, $1.3305, $1.3190


    The main scenario for the pair's promotion — the support breakthrough is $1.3410 (September 29 low, session minimum) and there may be a decline to $1.3305 (December 22’2020 low)

    An alternative scenario — breakout of the session high of $1.3470 and there may be an increase to $1.3555 (September 29 high)


  • 19:12

    EUR/USD has fallen to the lows of July 2020

    Today, the EUR/USD pair continues to decline and has fallen to the lows of the end of July 2020 ($1.1570). On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.1700) and on the four-hour chart - below MA (200) H4 ($1.1765). In this situation, it is probably necessary to stick to the southern direction in trade, and maybe it is worth looking for exit points for sale. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is below the level of 30, which signals a possible change in the direction of price movement.


    Resistance levels are: $1.1610, $1.1690-1.1705, $1.1755

    Support levels are: $1.1540, $1.1505, $1.1425

     

    The main scenario for promoting the pair  — continuation of the downward movement to $1.1540 (July 23’ 2020 low)

    An alternative scenario — breakout of the session high of $1.1610 and there may be an increase to $1.1690-1.1705 (September 28-29 highs, MA (200) H1)


  • 14:20

    USD/CAD is trading above MA 200 H1

    Yesterday the USD/CAD was trading higher and closed the day in positive territory around the C$1.2755. Today it was trading in a narrow range of C$1.2735-60, staying close to yesterday's closing price. On the hourly chart, USD/CAD is still trading above the moving average MA line (200) H1 (C$1.2720). 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 USD/CAD 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: С$1.2795, С$1.2845, С$1.2895

    • Support levels are at: С$1.2670, С$1.2580-95, С$1.2520

    Probably, the main scenario is continued growth to C$1.2795 (Sep 23 high). An alternative scenario is consolidation below MA (200) H1, followed by a decline to C$1.2520 (Sep 7 low).

  • 13:58

    AUD/USD remains below MA 200 H1

    Yesterday the AUD/USD was trading lower and closed the day in the red around the $0.7175. Today it rallied slightly, rising to the level of $0.7205. On the hourly chart, AUD/USD is still trading below the MA line (200) H1 ($0.7255). 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 a sell entry point for the formation of a correction.

    • Resistances levels are at: $0.7265, $0.7310-20, $0.7345

    • Support levels are at: $0.7170, $0.7150, $0.7105

    Probably, the main scenario is a downtrend to $0.7170 (Sep 29 low). An alternative scenario is consolidation above the MA 200 H1 with a subsequent rise to $0.7410 (Sep 10 high).

  • 13:58

    Gold remains below MA 200 H1

    The XAU/USD was trading lower yesterday and closed the day in the red around $1725. Today, on the contrary, gold rose slightly, rising to the level of $1734. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1754). 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 XAU/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: $1745, $1758-60, $1776

    • Support levels are at: $1722, $1717, $1683

    Probably, the main scenario is a downtrend to $1722 (Sep 29 low). An alternative scenario is a final consolidation above MA 200 H1 with a subsequent rise to $1808 (Sep 14 high).

  • 13:26

    Oil remains above MA 200 H1

    Yesterday Brent crude was traded in different directions in the range of $77.50-$79.45 and closed the day without significant changes. Oil was also trading in a narrow range of $78.40-$79.10 today, staying close to yesterday's closing price. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($76.90). 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 Brent 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: $80.30-70, $82.00, $83.00

    • Support levels are at: $76.90, $75.70, $73.40

    Probably, the main scenario is a subsequent rise to $80.30 (high of the American session on Sep 28). An alternative scenario is consolidation below MA 200 H1, followed by a decline to $71.40 (Sep 9 low).

  • 12:54

    USD/JPY is trading near February 2020 highs

    Yesterday the USD/JPY was trading higher and closed the day in positive territory around the Y111.95. Today it was trading in a narrow range of Y111.80-95, staying close to the highs of February 2020. On the hourly chart, USD/JPY is still trading above the moving average MA (200) H1 (Y110.40). 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 USD/JPY 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: Y112.05, Y112.25, Y112.65

    • Support levels are at: Y111.20, Y110.80-95, Y110.55

    Probably, the main scenario is the continuation of the upward movement to Y112.05 (Sep 29 high). An alternative scenario is consolidation below MA 200 H1, followed by a decline to Y108.70 (Aug 4 low).

  • 12:32

    USD/CHF remains above MA 200 H1

    Yesterday the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9345. Today it was trading in a narrow range of Chf0.9330-45, staying close to yesterday's closing price. On the hourly chart, USD/CHF is still trading above the MA line (200) H1 (Chf0.9270). 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 USD/CHF 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: Chf0.9355, Chf0.9395, Chf0.9435

    • Support levels are at: Chf0.9280, Chf0.9250, Chf0.9215-25

    Probably, the main scenario is a further advance towards Chf0.9355 (Sep 29 high). Alternative scenario is consolidation below MA 200 H1, followed by a decline towards Chf0.9130 (Sep 7 low).

  • 12:15

    GBP/USD is trading near December 2020 lows

    Yesterday the GBP/USD was trading lower and closed the day in the red around $1.3425. Today it was trading in a narrow range of $1.3435-55, staying close to the lows of December 2020. On the hourly chart, GBP/USD is still trading below the moving average MA (200) H1 ($1.3645). 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: $1.3555, $1.3615, $1.3715

    • Support levels are at: $1.3415, $1.3305, $1.3190

    Probably, the main scenario is the continuation of the decline to $1.3415 (Sep 29 low). An alternative scenario is consolidation above the MA 200 H1 level with a subsequent rise to $1.3910 (Sep 14 high).

  • 11:56

    EUR/USD is trading near July lows

    The EUR/USD was trading lower yesterday and closed the day in the red around $1.1595. Today it was trading in a narrow range of $1.1595-05, staying near the July lows. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.1705). 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 for the formation of a correction.

    • Resistances levels are at: $1.1670, $1.1700, $1.1725

    • Support levels are at: $1.1590, $1.1540, $1.1505

    Probably, the main scenario is a continuation of the decline to $1.1590 (Sep 29 low). An alternative scenario is a final consolidation above the MA 200 H1, followed by a rise to $1.1850 (Sep 10 high).

Market focus

September 2021
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
REGISTER FOR TRAINING