Andy.atx Posted January 14, 2020 Report Share Posted January 14, 2020 USD/JPY: TECHNICAL ANALYSIS 14.01.20 Current trend On the 4-hour chart, the price has tested the resistance level of 109.941 and was slightly corrected downwards, but the general upward trend still maintains. One may speak about upward movement continuation after the price consolidates above the resistance level of 110.208. In this case, the next targets of buyers will be the level of 110.328-110.547. Judging by the downward reversal of the Stochastic, this scenario seems less likely. Alternative scenario The pullback below 109.905 will be a sign of downward correction formation and let the price fall to the 109.766 support level. The further close below this level may push USD/JPY to 109.627 support. This level is coincided with the middle line of Bollinger Bands and will be a key target of the downward correction. 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 the negative 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: 109.905, 109.766, 109.627. Resistance levels: 110.115, 109.328, 110.547. Trading recommendations Short positions can be opened below the level of 109.905 with the target at around 109.766-109.627 and stop-loss at 109.997. Long positions can be opened above the level of 110.208 with the target at around 109.328-110.547 and stop-loss at 110.095. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 14, 2020 Report Share Posted January 14, 2020 GBP/USD: TECHNICAL ANALYSIS 14.01.20 Current trend GBP/USD is in the stage of upward correction after falling to the level of 1.29603, but the downward trend is still maintained. At the moment the price has met the resistance at the level of 1.30018. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 1.30310 resistance will give a prospect of growth to the 1.30615 level. Alternative scenario The downward rebound from 1.30005 and pullback below 1.29814 support could lead the price back to 1.29603 support. In case the pair manage to cross this mark, the level of 1.29395 will be the next support level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 3-week lows surrounding 1.29045. 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 volumes are in the negative zone and are moving along the zero line. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.1. Support and resistance Support levels: 1.29814, 1.29603, 1.29395, 1.29045. Resistance levels: 1.30018, 1.30310, 1.30615. Trading recommendations Short positions can be opened below the level of 1.29814 with the target at around 1.29603 and stop-loss at 1.29884. Long positions can be opened above the level of 1.30018 with the target at around 1.30310 and stop-loss at 1.29920. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 15, 2020 Report Share Posted January 15, 2020 EUR/JPY: TECHNICAL ANALYSIS 15.01.20 Current trend The price has tested the support level of 122.188 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of the 122.266 support will let the price retest 122.188 level. One may speak about downward movement continuation after the price consolidates below this level. In this case, the next targets of sellers will be the level of 121.875. Alternative scenario The upward rebound from 122.266 support and consolidation of the price above 122.396 will be a signal for upward correction resumption and give the prospect of growth to the 122.562-122.656 resistance. Should prices continue growing above 122.656, the level of 122.755 might try activating a downward rebound. Technical indicators Technical indicators mostly keep a sell signal but the upward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards keeping a sell signal. Support and resistance Support levels: 122.266, 122.188, 121.875. Resistance levels: 122.396, 122.656, 122.755. Trading recommendations Short positions can be opened below the level of 122.266 with the target at around 122.188-121.875 and stop-loss at 122.370. Long positions can be opened above the level of 122.396 with the target at around 122.656 and stop-loss at 122.309. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 15, 2020 Report Share Posted January 15, 2020 XAU/USD: TECHNICAL ANALYSIS 15.01.20 Current trend On a 4-hour chart, XAU/USD is trading above its middle line of Bollinger bands suggesting bullish momentum. If the current trend maintains, the next target of the buyers will be 1554.69, then 1558.59 resistance area. Alternative scenario The pullback below 1546.88 and the pair’s sustained trading below this level will be a signal for downward correction formation and let the price decline to 1542.97-1540.85 support. Further close below this level may push XAU/USD even lower towards the area of 1539.16. Technical indicators Technical indicators mostly maintain a buy signal. Bollinger Bands are pointed sideways. MACD volumes are actively decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1546.88, 1542.97, 1540.85. Resistance levels: 1554.69, 1558.69, 1562.50. Trading recommendations Short positions can be opened below the level of 1546.88 with the target at around 1542.97 and stop-loss at 1548.20. Long positions can be opened above the level of 1554.69 with the target at around 1558.69 and stop-loss at 1553.30. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 15, 2020 Report Share Posted January 15, 2020 NZD/USD: TECHNICAL ANALYSIS 15.01.20 Current trend On the 4-hour chart, the instrument keeps a moderate downward dynamic. Now the price has met the support at the level of 0.66024. The breakdown of this mark will be a signal for downward trend resumption and let the price decline to 0.65918 support. This level will be a key line for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 0.65741- 0.65613 area. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.66223 level ( the middle line of Bollinger Bands), the correction can continue to the area of 0.66400-0.66528. Significant growth is possible after the breakout of the level 0.66583. In this case, the next targets of sellers will be the level of 0.66833. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.65918, 0.65613, 0.65308. Resistance levels: 0.66223, 0.66528, 0.66833. Trading recommendations Short positions can be opened below the level of 0.65918 with the target at around 0.65613 and stop-loss at 0.66013. 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 16, 2020 Report Share Posted January 16, 2020 USD/CHF: TECHNICAL ANALYSIS 16.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands and testing the resistance 0.96436. This level can activate a downward rebound, while its breakout would allow the growth to continue to 0.96588 then 0.96741 level. According to Stochastic conditions, this scenario seems possible. Alternative scenario The downward rebound from 0.96436 could lead the price back to 0.96296 support. The breakdown of this level can trigger a pair’s fresh downside to new lows surrounding 0.96130. Technical indicators Technical indicators maintain 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: 0.96283, 0.96130, 0.96000. Resistance levels: 0.96436, 0.96588, 0.96741. Trading recommendations Short positions can be opened below the level of 0.96283 with the target at around 0.96130-0.96000 and stop-loss at 0.96377. Long positions can be opened above the level of 0.96436 with the target at around 0.96588-0.96741 and stop-loss at 0.96334 Link to comment Share on other sites More sharing options...
Andy.atx Posted January 16, 2020 Report Share Posted January 16, 2020 USD/CAD: TECHNICAL ANALYSIS 16.01.20 Current trend USD/CAD is in the stage of upward correction after falling to the level of 1.30342, but the downward trend is still maintained. The breakout and consolidation of the price above the level of 1.30463 will let USD/CAD reach the resistance level of 1.30570-1.30615. This area is coincided with the middle line of Bollinger Bands and can activate a downward reverse of the price. Meanwhile, the decisive breakout of 1.30615 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.30920. Alternative scenario A significant decrease is possible after the breakdown of the support level 1.30310. In this case, the next targets of sellers will be the level of 1.30005. 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 has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.30310, 1.30005, 1.29700. 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 1.30615 with the target at around 1.30920 and stop-loss at 1.30515. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 16, 2020 Report Share Posted January 16, 2020 EUR/USD: TECHNICAL ANALYSIS 16.01.20 Current trend The EUR/USD pair begins today’s trading with slight bullish bias and testing the resistance 1.11576. Judging by the downward reversal of the Stochastic, a downward correction is possible soon, but the general upward trend is still maintained. If the "bulls" manage to raise the rate above the level of 1.11629, the growth can continue to the area of 1.11694. This area will be a key level for the buyers in the short term period. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the 1.11847. Alternative scenario The pullback below 1.11476 will be a sign for the downward correction formation and let the price fall to the 1.11389. The downward trend will be restored after the price is set below the level of 1.11336, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.11237-1.11037. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is growing in a 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: 1.11389, 1.11237, 1.11084. Resistance levels: 1.11629, 1.11847, 1.12000. Trading recommendations Short positions can be opened below the level of 1.11389 with the target at around 1.11237-1.11084 and stop-loss at 1.11493. Long positions can be opened above the level of 1.11629 with the target at around 1.11847-1.12000 and stop-loss at 1.11505. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 17, 2020 Report Share Posted January 17, 2020 AUD/USD: TECHNICAL ANALYSIS 17.01.20 Current trend On a 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (0.68830) but is yet to cross the 0.69037 resistance, which coincided with the middle line of Bollinger Bands. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the level of 0.69275-0.69330 resistance area. Alternative scenario Failure to conquer the 0.69037 mark seems fetching the AUD/USD to 0.68830 support. The breakdown of this level will be a signal for downward trend resumption and let the price fall to the area of 0.68665-0.68569 support. Technical indicators Technical indicators maintain a sell signal, but the upward correction is not excluded in the short term period. Bollinger Bands are pointed downwards. MACD histogram is ready to enter the negative zone and form 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: 0.68830, 0.68665, 0.68569. Resistance levels: 0.69037, 0.69275, 0.69330. Trading recommendations Short positions can be opened below the level of 0.68830 with the target at around 0.68665-0.68569 and stop-loss at 0.68917. Long positions can be opened above the level of 0.69037 with the target at around 0.68275-0.69330 and stop-loss at 0.68939. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 17, 2020 Report Share Posted January 17, 2020 USD/JPY: TECHNICAL ANALYSIS 17.01.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. At the moment the price has met the resistance at the level of 110.284 and was slightly corrected downwards, but the upward trend maintains. The breakout of 110.284 and the pair’s sustained trading above this level will give a prospect of growth to 110.547 resistance. Alternative scenario The pullback below 110.156 will be a sign of downward correction formation and let the price decline to the 110.970 support-line (the middle line of Bollinger bands). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 110.766. A significant decrease is possible after the breakdown of this level. In this case, the next key target of sellers will be the level of 109.375. 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 preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 110.156, 109.766, 109.375. Resistance levels: 110.284, 110.547, 110.938. Trading recommendations Short positions can be opened below the level of 110.156 with the target at around 109.766 and stop-loss at 110.256. Long positions can be opened above the level of 110.284 with the target at around 110.547 and stop-loss at 110.180. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 17, 2020 Report Share Posted January 17, 2020 GBP/USD: TECHNICAL ANALYSIS 17.01.20 Current trend GBP/USD quotes attempted to grow, but reaching 1.30796 mark moved to a downward correction. The first strong support on the way down will be 1.30615 level. This level can activate an upward rebound while its breakdown can accelerate the pair towards 1.30310 support, which coincided with the middle line of Bollinger Bands. This level will be a key target of the downward correction. Alternative scenario The upward rebound from 1.30615 and pullback above 1.30796 will give a prospect of growth to the 1.30920 resistance. 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 1.31226. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is growing in a 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: 1.30615, 1.30310, 1.30005. Resistance levels: 1.30920, 1.31226, 1.31531. Trading recommendations Short positions can be opened below the level of 1.30615 with the target at around 1.30310 and stop-loss at 1.30716. Long positions can be opened above the level of 1.30920 with the target at around 1.31226 and stop-loss at 1.30820. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 20, 2020 Report Share Posted January 20, 2020 EUR/JPY: TECHNICAL ANALYSIS 20.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (122.102) and is testing the resistance 122.266. The area of 122.266-122.305 can activate a downward reverse of the price, while its breakout will give a prospect of growth to the 122.474 resistance. This level is coincided with the middle line of Bollinger Bands and seems a key target of the upward correction. The decisive break of 122.474 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the area of levels 122.656-122.820. Alternative scenario The downward rebound from 122.266 and pullback below 122.102 will be a signal for downward trend resumption and let the price decline to the 121.875 support. This level will be a key sellers' target for the short-term period. There is a high chance of an upward rebound. However, the decisive breakdown of 121.875 can accelerate the pair towards 121.600- 121.484 support line. 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 volumes are decreasing in the 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: 122.102, 121.875, 121.600, 121.484. Resistance levels: 122.266, 122.474, 122.656, 122.820. Trading recommendations Short positions can be opened below the level of 122.102 with the target at around 121.875 and stop-loss at 122.177. Long positions can be opened above the level of 122.266 with the target at around 122.474 and stop-loss at 122.190. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 20, 2020 Report Share Posted January 20, 2020 XAU/USD: TECHNICAL ANALYSIS 20.01.20 Current trend The XAU/USD pair begins today’s trading with a slight bullish bias. Now the price is approaching a strong resistance in the region of 1562.50. Judging by the downward reversal of Stochastic the downward correction is possible soon. However, the breakout of 1562.50 and sustained trading above it will be a signal for upward trend formation and give a prospect of growth to the 1568.44 resistance. Alternative scenario The pullback below 1558.59 could lead the price back to 1554.50 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 area of 1549.27-1546.88. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are growing in a positive zone, keeping a buy signal. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1554.50, 1549.27, 1546.88. Resistance levels: 1562.50, 1568.44, 1572.00. Trading recommendations Short positions can be opened below the level of 1554.50 with the target at around 1549.27 and stop-loss at 1556.10. 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 20, 2020 Report Share Posted January 20, 2020 NZD/USD: TECHNICAL ANALYSIS 20.01.20 Current trend On a 4-hour chart, NZD/USD bounced off the 0.66071 horizontal-support but is yet to cross the 0.66214 resistance, which coincided with the middle line of Bollinger Bands. This level seems a strong resistance hinders the growth of quotes. However, the breakout of this level and pair’s sustained trading above it will give a prospect of growth to the 0.66376-0.66528 resistance area. Alternative scenario The downward rebound from 0.66223 will let the price retest the 0.66071 support. One may speak about downward movement continuation after the price consolidates below this level. In this case, the next targets of sellers will be the level of 0.65918-0.65829. Should prices continue slipping under 0.65800, the 0.65765 level might try activating an upward rebound. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. forming a weak sell signal. 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: 0.66071, 0.65918, 0.66765, 0.65613. Resistance levels: 0.66223, 0.66376, 0.66528, 0.66681. Trading recommendations Short positions can be opened below the level of 0.66071 with the target at around 0.65918-0.65765 and stop-loss at 0.66173. Long positions can be opened above the level of 0.66223 with the target at around 0.66376-0.66528 and stop-loss at 0.66121. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 21, 2020 Report Share Posted January 21, 2020 USD/CHF: TECHNICAL ANALYSIS 21.01.20 Current trend USD/CHF quotes attempted to grow, but reaching 0.96985 mark moved to a decline. Now the price has met the support at the 0.96713 level. If the sellers manage to decline the rate below this level, the downward dynamic can continue to the area of 0.96650 level (middle line of Bollinger bands). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 0.96436 support. Alternative scenario The upward rebound from 0.96713 support and pullback above 0.96840 will let the price retest 0.96985 resistance. The area of 0.96985-0.97046 resistance seems a key “bullish” target for the short-term period. The decisive break of 0.97046 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 0.97351. Technical indicators Technical indicators mostly maintain a buy signal. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. forming a sell signal. Support and resistance Support levels: 0.96741, 0.96650, 0.96436. Resistance levels: 0.96840, 0.97046, 0.97351. Trading recommendations Short positions can be opened below the level of 0.96741 with the target at around 0.96650-0.96436 and stop-loss at 0.96842. Long positions can be opened above the level of 0.96840 with the target at around 0.97046-0.97126 and stop-loss at 0.96744. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 21, 2020 Report Share Posted January 21, 2020 USD/CAD: TECHNICAL ANALYSIS 21.01.20 Current trend The USD/CAD pair begins today’s trading with slight bullish bias due to correction. At the moment the price has met the resistance in the area of 1.30615. Assuming the pair’s ability to cross this level, the mark of 1.30743 can be targeted if holding long positions. This level can activate a downward correction movement, while its breakout will accelerate the pair towards 1.30920 direction. Alternative scenario The downward rebound from 1.30615 could lead the price back to 1.30508 support which coincided with the middle line of Bollinger Bands. One may speak about downward movement continuation after the price consolidates below the support level of 1.30422. In this case, the next targets of sellers will be the level of 1.30310-1.30157. Technical indicators Technical indicators maintain a weak buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are in the positive zone and are moving along the zero lines. Stochastic is pointed upwards, reflecting the possibility of upward movement formation. Support and resistance Support levels: 1.30508, 1.30310, 1.30157. Resistance levels: 1.30615, 1.30724, 1.30920. Trading recommendations Short positions can be opened below the level of 1.30508 with the target at around 1.30310-1.30157 and stop-loss at 1.30625. Long positions can be opened above the level of 1.30615 with the target at around 1.30724-1.30920 and stop-loss at 1.30513. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 21, 2020 Report Share Posted January 21, 2020 EUR/USD: TECHNICAL ANALYSIS 21.01.20 Current trend EUR/USD is in the stage of upward correction after falling to the level of 1.10763. If the current trend maintains, the growth can continue to the area of 1.11084-1.11144 resistance. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 1.11144 and pair' sustained trading above it will give a prospect of growth to 1.11237 resistance. Alternative scenario The pullback below 1.10884 will be a sign of downward movement formation and lead the price back to 1.10763 support. The decisive break of this level is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.10626, then 1.10474. Technical indicators The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone, keeping a weak buy signal. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.10884, 1.10763, 1.10626, 1.10474. Resistance levels: 1.11084, 1.11237, 1.11389, 1.11542. Trading recommendations Short positions can be opened below the level of 1.10763 with the target at around 1.10626-1.10474 and stop-loss at 1.10860. Long positions can be opened above the level of 1.11084 with the target at around 1.11237-1.11389 and stop-loss at 1.10982. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 22, 2020 Report Share Posted January 22, 2020 AUD/USD: TECHNICAL ANALYSIS 22.01.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price has tested the support level of 0.68263 and was slightly corrected upwards, but the general downward trend still maintains. Pullback below 0.68359 will be a sign of downward movement resumption and let the price retest the 0.68263 support. A significant decrease is possible after the breakdown of this level. In this case, the next targets of sellers will be the support are 0.68207-0.68054. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.68512 level, the correction can continue to the area of 0.68665 level, which coincided with the middle line of Bollinger Bands. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 0.68665 and pair' sustained trading above 0.68749 level will be a signal for upward trend resumption and give a prospect of growth to 0.68817-0.68970 resistance area. 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 in the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.68359, 0.68263, 0.68207, 0.68054. Resistance levels: 0.68512, 0.68665, 0.68817, 0.68970. Trading recommendations Short positions can be opened below the level of 0.68359 with the target at around 0.68263-0.68054 and stop-loss at 0.68460. Long positions can be opened above the level of 0.68512 with the target at around 0.68665-0.68817 and stop-loss at 0.68410. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 22, 2020 Report Share Posted January 22, 2020 USD/JPY: TECHNICAL ANALYSIS 22.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands and is testing the resistance level of 110.092 (middle line of Bollinger Bands). There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption and give a prospect of growth to the 110.330 level. Alternative scenario The pullback below 109.891 will be a sign of a downward movement formation and let the price retest 109.766 support. Further close below this level may accelerate the USD/JPY pair towards the area of 109.375 support. Technical indicators Technical indicators mostly maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are in the positive zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 109.891, 109.766, 109.375. Resistance levels: 110.092, 110.330, 110.547. Trading recommendations Long positions can be opened above the level of 110.092 with the target at around 110.330 and stop-loss at 110.020. Short positions can be opened below the level of 109.766 with the target at around 109.375 and stop-loss at 108.096. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 22, 2020 Report Share Posted January 22, 2020 GBP/USD: TECHNICAL ANALYSIS 22.01.20 Current trend The GBP/USD pair begins today’s trading with a slight bearish bias. The first strong support for the price will be the 1.30310 level, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 1.30005 can be targeted if holding short positions. Judging by the downward bias of Stochastic, this case scenario (Murrey [−1/8]) is possible soon Alternative scenario The upward rebound from 1.30310 and pullback above 1.30488 will let the price retest the 1.30615-1.30827 resistance. The decisive break of 1.30827 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.30920-1.31176. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD is slowly growing in the positive zone, forming a weak buy 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: 1.30310, 1.30005, 1.29700. 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 1.30615 with the target at around 1.30920 and stop-loss at 1.30515. Link to comment Share on other sites More sharing options...
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