Andy.atx Posted January 2, 2020 Report Share Posted January 2, 2020 NZD/USD: TECHNICAL ANALYSIS 02.01.20 Current trend The NZD/USD pair begins today’s trading with a downward gap. The price is approaching strong support in the region of 0.67139, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 0.66833 can be targeted if holding short positions. Alternative scenario The upward rebound from 0.67139 and pullback above 0.67291 will let the price retest the resistance level of 0.67444. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.67546. In this case, the next targets of buyers will be the level of 0.67749-0.68054. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.67139, 0.66833, 0.66528. Resistance levels: 0.67291, 0.67444, 0.67546, 0.67749. Trading recommendations Short positions can be opened below the level of 0.67139 with the target at around 0.66833 and stop-loss at 0.67241. Long positions can be opened above the level of 0.67291 with the target at around 0.67546 and stop-loss at 0.67206. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 3, 2020 Report Share Posted January 3, 2020 USD/CHF: TECHNICAL ANALYSIS 03.01.20 Current trend The instrument has tested the support level of 0.96873 and was slightly corrected upwards, but the downward trend maintains. Assuming the pair’s ability to cross 0.96873 level, the mark of 0.96741 and the 0.96588 can be targeted if holding sell positions. Should prices continue slipping under 0.96588, the level 0.96436 (3-month low) might try activating an upward reverse. Alternative scenario The pullback above the 0.97155 level will give a prospect of growth to the 0.97351 resistance. There is a chance of a downward rebound, while its breakout would allow the growth to continue to 0.97656 level. This mark seems a key bullish target for the short term period. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are slowly decreasing in the negative zone, but still keeping a sell signal. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.96873, 0.96741, 0.96436. Resistance levels: 0.97046, 0.97351, 0.97656. Trading recommendations Short positions can be opened below the level of 0.96873 with the target at around 0.96741-0.96588 and stop-loss at 0.96968. Long positions can be opened above the level of 0.97155 with the target at around 0.97351-0.97500 and stop-loss at 0.97040. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 3, 2020 Report Share Posted January 3, 2020 USD/CAD: TECHNICAL ANALYSIS 03.01.20 Current trend USD/CAD is in the stage of upward correction after falling to the level of 1.29766, but the general downward trend is still maintained. The breakdown of 1.29700 and the pair’s sustained trading below this level will be a signal for downward trend resumption and let the price fall to the area of 1.29505-1.29395 support. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.30005, the correction can continue to the area of 1.30227 resistance. This level is coincided with the middle line of Bollinger Bands and can activate a downward rebound. However, the decisive break of 1.30310 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.30615. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the negative zone, but still keeping a sell signal. Support and resistance Support levels: 1.29700, 1.29505, 1.29395. Resistance levels: 1.30005, 1.303010, 1.30615. Trading recommendations Short positions can be opened below the level of 1.29700 with the target at around 1.29505-1.29395 and stop-loss at 1.29801. Long positions can be opened above the level of 1.30005 with the target at around 1.30310 and stop-loss at 1.29903. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 3, 2020 Report Share Posted January 3, 2020 EUR/USD: TECHNICAL ANALYSIS 03.01.20 Current trend EUR/USD today continues to consolidate in the narrow side channel 1.11639-1.11770. In order to continue the downward dynamic, the pair need to decline the rate below 1.11639. In this case, the next targets of sellers will be the level of 1.11542-1.11389. Alternative scenario The upward rebound and pullback above 1.11771 and pair’s sustained trading above 1.11771 will be a sign of upward correction and give a prospect of growth to the 1.12000 resistance. This level is coincided with the middle line of Bollinger Bands and is the key correction target. There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption. In this case, the next targets of buyers will be the level of 1.12305. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is ready to leave the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.11639, 1.11389, 1.11084. Resistance levels: 1.11771, 1.12000, 1.12305. Trading recommendations Short positions can be opened below the level of 1.11639 with the target at around 1.11389 and stop-loss at 1.11722. Long positions can be opened above the level of 1.11771 with the target at around 1.12000 and stop-loss at 1.11694. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 6, 2020 Report Share Posted January 6, 2020 AUD/USD: TECHNICAL ANALYSIS 06.01.20 Current trend The AUD/USD pair begins today’s trading with a slight downward gap. Price has tested the local minimum at 0.69389 but cannot break through it. Assuming the pair’s ability to cross this level in the short term period, the mark of 0.69275 can be targeted if holding short positions. This level can activate an upward rebound, while its breakdown would allow the fall to continue to the area of 0.68970 support. Alternative scenario If the "bulls" manage to raise the rate above the resistance area of 0.69580-0.69645, the correction can continue to the area of 0.69885. This area is coincided with the middle line of Bollinger Bands and seems a key target of the upward movement. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in a negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.69275, 0.68970, 0.68665. Resistance levels: 0.69580, 0.69885, 0.70190. Trading recommendations Short positions can be opened below the level of 0.69275 with the target at around 0.68970 and stop-loss at 0.69376. Long positions can be opened above the level of 0.69580 with the target at around 0.69885 and stop-loss at 0.69478. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 6, 2020 Report Share Posted January 6, 2020 USD/JPY: TECHNICAL ANALYSIS 06.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price went up above the resistance level of 108.008 and can grow further to the levels of 108.203-108.261. This channel will be a first strong resistance area which can prevent the instrument from the growing. However, the breakout of 108.203 will give a prospect of growth to the level of 108.398. Alternative scenario The downward rebound from the 108.203 and pullback below 108.008 could lead the price back to 107.813 support. This level seems a key level for the sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 107.617-107.422. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is slowly decreasing in the negative zone but still keeps a sell signal. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 108.008, 107.813, 107.617, 107.422. Resistance levels: 108.203, 108.398, 108.594. Trading recommendations Short positions can be opened below the level of 107.813 with the target at around 107.617 and stop-loss at 107.878. Long positions can be opened above the level of 108.203 with the target at around 108.398 and stop-loss at 108.138. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 6, 2020 Report Share Posted January 6, 2020 GBP/USD: TECHNICAL ANALYSIS 06.01.20 Current trend GBP/USD is in the stage of upward correction after falling to the level of 1.30528, but the general downward trend is still maintained. The breakdown and pair’s sustained trading below the 1.30528 level will be a signal for downward trend resumption and let the price fall to the area of 1.30310-1.30005. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.30983, the correction can continue to the area of 1.31226-1.31400 resistance. The higher line of this channel is coincided with the middle line of Bollinger Bands and can activate a downward rebound. However, the decisive break of 1.31400 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.31836 resistance. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.30528, 1.30310, 1.30005. Resistance levels: 1.30983, 1.31226, 1.31400, 1.31836. Trading recommendations Short positions can be opened below the level of 1.30528 with the target at around 1.30310 and stop-loss at 1.30600. Long positions can be opened above the level of 1.30983 with the target at around 1.31226 and stop-loss at 1.30902. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 7, 2020 Report Share Posted January 7, 2020 EUR/JPY: TECHNICAL ANALYSIS 07.01.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price is approaching a strong resistance in the region of 121.484. Assuming the pair’s ability to cross this level, the mark of 121.875 can be targeted if holding long positions. For the short-term period, this level seems a strong resistance that can activate a downward rebound. Alternative scenario The downward rebound from 121.484 resistance and pullback below 121.289 will be a sign of downward correction formation and let the price decline to 121.094 support. This level is coincided with the middle line of Bollinger bands and can be a main target of the potential downward correction. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 120.703 support. Technical indicators Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic is in the overbought area and is pointed sideways. Support and resistance Support levels: 121.289, 121.094, 120.703. Resistance levels: 121.484, 121.875, 122.266. Trading recommendations Short positions can be opened below the level of 121.094 with the target at around 120.703 and stop-loss at 121.220. Long positions can be opened above the level of 121.484 with the target at around 121.875 and stop-loss at 121.353. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 7, 2020 Report Share Posted January 7, 2020 XAU/USD: TECHNICAL ANALYSIS 07.01.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price has tested the support level of 1555.21 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of 1555.21 is needed to continue the downward dynamic. In this case, the next targets of sellers will be the level of 1551.19. Alternative scenario The upward rebound from 1555.21 support and pair’s sustained trading above 1562.50 will be a sign of upward correction formation and give a prospect of growth to the 1568.44 resistance. Additionally, the breakout of 1568.44 can accelerate the pair towards 1570.31 resistance which could restrict further rise. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone, keeping a weak sell signal. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1555.21, 1551.19, 1546.88. Resistance levels: 1562.50, 1568.44, 1570.31. Trading recommendations Short positions can be opened below the level of 1555.21 with the target at around 1551.19 and stop-loss at 1556.50. Long positions can be opened above the level of 1562.50 with the target at around 1568.44 and stop-loss at 1560.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 7, 2020 Report Share Posted January 7, 2020 NZD/USD: TECHNICAL ANALYSIS 07.01.20 Current trend Today NZD/USD price is moderately growing and is now testing the resistance level of 0.66780. This mark is coincided with the middle line of Bollinger Bands and can activate a downward rebound. Meanwhile, the breakout and pair’s sustained trading above this level will be a signal for upward trend resumption and give a prospect of growth to the area of 0.66910-0.67139. Alternative scenario The downward rebound from 0.66833 resistance and pullback below 0.66681 could lead the price back to 0.66528 level. It’s an important line of support to watch in the short term period. There is a chance of an upward rebound, while its breakdown would push NZD/USD even lover towards the area of 0.66376-0.66223. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of bullish momentum. MACD is decreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area. Support and resistance Support levels: 0.66528, 0.66376, 0.66223. Resistance levels: 0.66833, 0.66910, 0.67139. Trading recommendations Short positions can be opened below the level of 0.66528 with the target at around 0.66376-0.66223 and stop-loss at 0.66629. Long positions can be opened above the level of 0.66833 with the target at around 0.66910-0.67139 and stop-loss at 0.66731. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 8, 2020 Report Share Posted January 8, 2020 USD/CHF: TECHNICAL ANALYSIS 08.01.20 Current trend USD/CHF quotes attempted to grow, but reaching 0.96645 mark moved to an upward correction. At the moment the price has met the resistance at the level of 0.97046 ( middle line of Bollinger Bands). There is a chance of a downward rebound, while its breakout would be a signal for upward trend formation and let the price grow to 0.97286-0.97351 resistance. Alternative scenario The downward rebound from the middle line of Bollinger Bands and pullback below 0.96864 could lead the price back to 0.96741-0.96645 support. The downward trend will be restored after the price is set below the level of 0.96645. In this case, the sellers will aim for the 0.96436 level. Technical indicators Technical indicators maintain a sell signal, but the upward correction is possible in the short term. Bollinger Bands and Stochastic are pointed sideways. MACD is growing in the negative zone. Support and resistance Support levels: 0.96864, 0.96741, ,0.96645, 0.96436. Resistance levels: 0.97046, 0.97286, 0.97351. Trading recommendations Short positions can be opened below the level of 0.96864 with the target at around 0.96741-0.96645 and stop-loss at 0.96937. Long positions can be opened above the level of 0.97046 with the target at around 0.97351 and stop-loss at 0.96944. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 8, 2020 Report Share Posted January 8, 2020 USD/CAD: TECHNICAL ANALYSIS 08.01.20 Current trend Today USD/CAD price is moderately falling and is now testing the support level of 1.29814, which coincided with the middle line of Bollinger Bands. This level can activate an upward rebound, while its breakdown would allow the fall to continue to 1.29700. In case the pair manage to cross this level, the sellers will aim for the 1.29562 (two-month low) support. Alternative scenario The upward rebound from the middle line of Bollinger Bands and pullback above the 1.29900 will be a signal for upward movement resumption and let the price to grow to 1.30005-1.30128 resistance. Significant growth is possible after the breakout of the resistance level 1.30310, which can develop to the level of 1.30615. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD is in the negative zone. Stochastic’s lines are pointed downwards, forming a sell signal. Support and resistance Support levels: 1.29814, 1.29700, 1.29562. Resistance levels: 1.30005, 1.30310, 1.30615. Trading recommendations Short positions can be opened below the level of 1.29814 with the target at around 1.29700-1.29562 and stop-loss at 1.29898. Long positions can be opened above the level of 1.30005 with the target at around 1.30310 and stop-loss at 1.29903. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 8, 2020 Report Share Posted January 8, 2020 EUR/USD: TECHNICAL ANALYSIS 08.01.20 Current trend EUR/USD quotes attempted to grow, but reaching 1.11677 mark (coincided with the middle line of Bollinger Bands)moved to a downward correction. Now the price has the potential of decline to 1.11389-1.11331 support. This area seems an important line for short-term sellers. The decisive breakdown of 1.11331 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.11084. Alternative scenario One may speak about upward movement continuation after the price consolidates above the resistance level of 1.11694. The pair’s sustained trading beyond this level will give a prospect of growth to 1.12000 resistance. Technical indicators Technical indicators mostly keep a sell signal but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in a positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.11389, 1.11084, 1.10779. Resistance levels: 1.11694, 1.12000, 1.12305. Trading recommendations Short positions can be opened below the level of 1.11389 with the target at around 1.11084 and stop-loss at 1.11490. Long positions can be opened above the level of 1.11694 with the target at around 1.12000 and stop-loss at 1.11592. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 10, 2020 Report Share Posted January 10, 2020 EUR/JPY: TECHNICAL ANALYSIS 10.01.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. We can see slightly overbought conditions of Stochastic, but the general upward trend still maintains. At the moment the price has met the resistance at the level of 121.720. If the "bulls" manage to raise the rate above this level, the growth can continue to the area of 121.875 resistance. The area of 121.875-122.007 seems a strong resistance zone that can activate a downward reverse of the price. Meanwhile, the breakout of 122.007 can trigger the pair’s active run-up to the 122.266 resistance. Alternative scenario The pullback below 121.484 support will be a sign for downward correction formation and let the price decline to the 121.220 support. One may speak about downward movement continuation after the price consolidates below the support level of 121.094. In this case, the next targets of sellers will be the level of 120.703. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is ready to leave the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 121.484, 121.220, 121.094, 120.703. Resistance levels: 121.720, 121.875, 122.007. Trading recommendations Short positions can be opened below the level of 121.484 with the target at around 121.220 and stop-loss at 121.572. Long positions can be opened above the level of 121.720 with the target at around 122.007 and stop-loss at 121.624. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 10, 2020 Report Share Posted January 10, 2020 XAU/USD: TECHNICAL ANALYSIS 10.01.20 Current trend The XAU/USD pair begins today’s trading with a slight bearish bias. The instrument is now testing the support level of 1546.88. Assuming the pair’s ability to cross this level, the mark of 1540.14 can be targeted if holding short positions. The area of 1540.14 can activate an upward rebound, while its breakdown will be a signal for downward trend resumption and let the price fall to the area of 1537.37. Alternative scenario The pullback above 1553.71 will be a signal for the upward correction formation. The key target of the correction will be 1562.50 resistance, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound from the 1562.50 level. However, the decisive break of 1562.50 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1568.44. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 1546.88, 1541.14, 1537.37. Resistance levels: 1553.71, 1556.47, 1562.50. Trading recommendations Short positions can be opened below the level of 1546.88 with the target at around 1541.14 and stop-loss at 1548.54. Long positions can be opened above the level of 1553.71 with the target at around 1556.47 and stop-loss at 1552.80. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 10, 2020 Report Share Posted January 10, 2020 NZD/USD: TECHNICAL ANALYSIS 10.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (0.66005) and approaching the 0.66223 resistance. Assuming the pair’s ability to cross this level, the mark of 0.66353 (middle line of Bollinger bands) can be targeted if holding long positions. As a key correction target, the level of 0.66353 can activate a downward reverse of the price. However, the decisive breakout of this level will be a signal for uptrend resumption and let the price grow to the area of 0.66528-0.66575 resistance. Alternative scenario The downward rebound from 0.66223 could lead the price back to 0.66005 support. The downward trend will be restored after the price is set below the level of 0.65918 level. In this case, the next targets of sellers will be the level of 0.65613. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.66005, 0.65918, 0.65613. Resistance levels: 0.66223,0.66353, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65918 with the target at around 0.65613 and stop-loss at 0.66018. Long positions can be opened above the level of 0.66223 with the target at around 0.66528 and stop-loss at 0.66123. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 13, 2020 Report Share Posted January 13, 2020 USD/CHF: TECHNICAL ANALYSIS 13.01.20 Current trend The price has tested the resistance level of 0.97358 and was slightly corrected downwards, but the upward potential maintains. The breakout of 0.97351 resistance and pair’s sustained trading above it will give a prospect of growth to the area of 0.97572-0.97656. Alternative scenario The downward rebound from 0.97351 and pullback below 0.97242 will be a signal for downward trend resumption and let the price fall to the area of 0.97046 support. Should prices continue slipping under 0.97046, the mark of 0.96913 might try activating an upward rebound. Meanwhile, the further close below 0.96913 may push USD/CHF lower towards 0.96741. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone, forming a weak sell signal. Stochastic rebounded from the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.97242, 0.97046, 0.96913, 0.96741. Resistance levels: 0.97351, 0.97572, 0.67656. Trading recommendations Short positions can be opened below the level of 0.97242 with the target at around 0.97046-0.96913 and stop-loss at 0.97351. Long positions can be opened above the level of 0.97351 with the target at around 0.97572-0.97656 and stop-loss at 0.97249. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 13, 2020 Report Share Posted January 13, 2020 USD/CAD: TECHNICAL ANALYSIS 13.01.20 Current trend Today USD/CAD quotes attempted to grow, but reaching 1.30667 mark moved to a decline. The first strong support on the way down will be 1.30310 level which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 1.30157-1.30005 support. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.30615, the correction can continue to the area of 1.30747-1.30920. The area of 1.30920-1.31038 will we a key zone for the buyers in the short term period. Technical indicators The technical picture is mixed. Bollinger Bands are slightly pointed upwards. MACD volumes are decreasing in the positive zone., forming a weak sell signal. Stochastic is pointed downwards. Support and resistance Support levels: 1.30310, 1.30157, 1.30005. Resistance levels: 1.30615, 1.30920, 1.31226. Trading recommendations Short positions can be opened below the level of 1.30310 with the target at around 1.30005 and stop-loss at 1.30410. Long positions can be opened above the level of 1.30747 with the target at around 1.31038 and stop-loss at 1.30650. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 13, 2020 Report Share Posted January 13, 2020 EUR/USD: TECHNICAL ANALYSIS 13.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the middle line of the Bollinger Bands and approaching the 1.11389 resistance. Assuming the pair’s ability to cross this level, the mark of 1.11542-1.11694 can be targeted if holding long positions. Alternative scenario The downward rebound from 1.11389 and pullback below 1.11237 support will lead the price back to 1.11160-1.11084 support area. This zone is coincided with the middle line Bollinger Bands and can activate an upward rebound, while its breakdown is needed to indicate the downward trend resumption and let the price fall to the area if 1.10931-1.10779. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone forming a weak buy signal. Stochastic has is in the overbought area and is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 1.11237, 1.11084, 1.10931, 1.10779. Resistance levels: 1.11389, 1.11542, 1.11694. Trading recommendations Long positions can be opened above the level of 1.11389 with the target at around 1.11542-1.11694and stop-loss at 1.11489. Short positions can be opened below the level of 1.11084 with the target at around 1.11084-1.10779 and stop-loss at 1.11184. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 14, 2020 Report Share Posted January 14, 2020 AUD/USD: TECHNICAL ANALYSIS 14.01.20 Current trend AUD/USD quotes attempted to decline, but reaching 0.68843 mark (the middle line of Bollinger Bands) moved to an upward correction, but the general downward trend is not excluded. The breakdown of 0.68843 and sustained trading below this level will give a prospect of decline to 0.68665 support. Should prices continue slipping under 0.68660 the area of the level of 0.68515-0.68359 will be the key support area that can activate an upward rebound. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.69076, the correction can continue to the area of 0.69275. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 0.69580. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line, reflecting the relative calmness of the markets and sideways movement of the price. Stochastic’s lines are pointed downwards and are reaching the oversold area. , keeping a sell signal. Support and resistance Support levels: 0.68843, 0.68665, 0.68359. Resistance levels: 0.69076, 0.69275, 0.69580. Trading recommendations Short positions can be opened below the level of 0.68843 with the target at around 0.68665 -0.68515 and stop-loss at 0.68952. Long positions can be opened above the level of 0.69275 with the target at around 0.69580 and stop-loss at 0.69173. Link to comment Share on other sites More sharing options...
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