Andy.atx Posted August 11, 2020 Report Share Posted August 11, 2020 GBP/USD: TECHNICAL ANALYSIS 11.08.20 Current trend GBP/USD quotes attempted to grow, but reaching 1.30952 mark moved to a downward correction. If the current trend maintains, the price will re-test the 1.30615 level. As we can see this level seems a strong support-line, which can activate an upward rebound. Meanwhile, the breakdown and pair’s sustained trading below the 1.30615 will give a prospect of the growth to the area of 1.30180-1.30005. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.30952, the growth can continue to the area of 1.31226. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive break of 1.31226 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.31500-1.31836 resistance zone. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed sideways. Support and resistance Support levels: 1.30615, 1.30300, 1.30005. Resistance levels: 1.31226, 1.31500, 1.31836. Trading recommendations Short positions can be opened below the level of 1.30615 with the target at around 1.30300 and stop-loss at 1.30710. Long positions can be opened above the level of 1.31226 with the target at around 1.31500 and stop-loss at 1.31134. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 11, 2020 Report Share Posted August 11, 2020 USD/JPY: TECHNICAL ANALYSIS 11.08.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. The price is approaching a strong resistance in the region of 106.250. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 106.250 can accelerate the growth towards 106.468-106.500. Alternative scenario If the price cannot consolidate above the level of 106.250 during the short-term period, the price can reverse and retest the support level of 105.970-105.859. The downward trend will be restored after the price is set below the level of 105.703, which is the middle line of Bollinger Bands. In this case, the sellers will aim for the 105.469-105.350 support area. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 105.859, 105.703, 105.469. Resistance levels: 106.250, 106.641, 107.031. Trading recommendations Short positions can be opened below the level of 105.703 with the target at around 105.400 and stop-loss at 105.800. Long positions can be opened above the level of 106.250 with the target at around 106.550 and stop-loss at 106.150. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 11, 2020 Report Share Posted August 11, 2020 AUD/USD: TECHNICAL ANALYSIS 11.08.20 Current trend On the 4-hour chart, the price has tested the 0.71847 resistance level (the midline of Bollinger Bands) but cannot break through it. Now we can see the downward correction development. The first support for the pair is located on a 0.71716 level. The breakdown of this mark and a sustained move below 0.71564 will confirm the downward correction trajectory and let the price re-test today low at 0.71441 mark. There is a chance of an upward rebound. However, the breakdown of the 0.71411 level will be a signal of the downward trend resumption and let the price decline to the area of 0.71106. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.71847, the growth can continue to the area of 0.72021. This level seems a strong resistance which can activate a downward rebound of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.72080. In this case, the next targets of buyers will be the level of 0.72327-0.72424. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.71716, 0.71411, 0.71106. Resistance levels: 0.71847, 0.72021. 0.72327. Trading recommendations Short positions can be opened below the level of 0.71411 with the target at around 0.71106 and stop-loss at 0.71500. Long positions can be opened above the level of 0.72080 with the target at around 0.72327-0.72400 and stop-loss at 0.71973. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 12, 2020 Report Share Posted August 12, 2020 NZD/USD: TECHNICAL ANALYSIS 12.08.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price has tested the support level of 0.65229 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of 0.65229 and the pair’s sustained trading below it will give the prospect of decline to the area of 0.65002 mark. This level seems a key level for the sellers in the short-term period. There is a chance of an upward rebound. However, the decisive breakdown of 0.65002 will be a signal of the downward trend resumption and let the price decline to the area of 0.64697. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.65460 the correction can continue to the area of 0.65613 mark. This level will be a first strong resistance which can activate a downward rebound. Meanwhile, the breakout of 0.65613 will confirm the upward correction development and let the price grow to the area of 0.65918 level, which seems a key correction target. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are converging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.65308, 0.65002, 0.64697. Resistance levels: 0.65613,0.65918, 0.66223. Trading recommendations Short positions can be opened below the level of 0.65002 with the target at around 0.64697 and stop-loss at 0.65100. Long positions can be opened above the level of 0.65613 with the target at around 0.65918 and stop-loss at 0.65510. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 12, 2020 Report Share Posted August 12, 2020 XAU/USD: TECHNICAL ANALYSIS 12.08.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price has tested the support level of 1862.41 but still cannot break through it. The downward trend will be restored after the price is set below this level. In this case, the sellers will aim for the 1843.75 level. Alternative scenario If the "bulls" manage to raise the rate above the level of 1883.75, the correction can continue to the area of 1890.00-1894.12. This area seems a strong hurdle, which can activate a downward rebound of the price. Meanwhile, the breakout of the upper border (1894.12) will let the price re-test the 1906.25-1914.06 resistance area. 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1875.00, 1870.00, 1862.41, 1855.00. Resistance levels: 1883.75, 1890.00, 1894.12. Trading recommendations Short positions can be opened below the level of 1862.00 with the target at around 1855.00 and stop-loss at 1864.30. Long positions can be opened above the level of 1883.75 with the target at around 1890.00 and stop-loss at 1882.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 12, 2020 Report Share Posted August 12, 2020 EUR/JPY: TECHNICAL ANALYSIS 12.08.20 Current trend The EUR/JPY pair begins today’s trading with a slight bullish bias. The price went up above the level of 125.000 and has the potential to further growth to the area of 125.195. This level can stop the upward dynamic and activate a downward rebound. Meanwhile, the breakout and pair’s sustained trading above 125.200 will let the price re-test the yesterday's high at 125.490. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 125.781 resistance area. Alternative scenario The downward rebound from 121.141 and pullback below 124.850 will be a sign of the downward movement development and let the price decline to the area of 124.609 mark. This level seems a strong support, which can activate a downward rebound. However, the decisive breakdown of the 124.600 will be a signal of the downward trend resumption and let the price decline to the area of 124.219. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed downwards keeping a sell signal. Support and resistance Support levels: 124.921, 124.609, 124.219. Resistance levels: 125.141, 125.406, 125.781. Trading recommendations Short positions can be opened below the level of 124.866 with the target at around 124.600 and stop-loss at 124.954. Long positions can be opened above the level of 125.141 with the target at around 125.440 and stop-loss at 125.040. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 13, 2020 Report Share Posted August 13, 2020 EUR/USD: TECHNICAL ANALYSIS 13.08.20 Current trend On the 4-hour chart, the instrument is trading above the middle line of Bollinger Bands suggesting bullish momentum. At the moment the price has met the resistance at the level of 1.18165. Assuming the pair’s ability to cross this mark, the level 1.18408 can be targeted if holding long positions. This level seems a strong resistance-line which can prevent the instrument from growing. Meanwhile, the breakout of 1.18408 and the pair’s sustained trading above 1.18502 will be a signal of the upward trend resumption and let the price grow to the area of 1.18703. Alternative scenario The downward rebound from 1.18165 and pullback below the 1.18000 will be a sign of the downward correction development and let the price decline to the area of 1.17798-1.17715 area. This area will be first support which can activate an upward rebound. The downward trend will be restored after the price is set below the level of 1.17630, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.17493-1.17300. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought area and is pointed upwards, reflecting the high possibility of upward movement development. Support and resistance Support levels: 1.17798, 1.17493, 1.17188. Resistance levels: 1.18165, 1.18408, 1.18713. Trading recommendations Short positions can be opened below the level of 1.17630 with the target at around 1.17330 and stop-loss at 1.17730. Long positions can be opened above the level of 1.18165 with the target at around 1.18450 and stop-loss at 1.18070. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 13, 2020 Report Share Posted August 13, 2020 USD/CAD: TECHNICAL ANALYSIS 13.08.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The strong support for the pair is located on 1.32269 level. This level can activate an upward rebound. However, the decisive breakdown of 1.32269 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1.32141-1.31836 support area. Alternative scenario The upward rebound from 1.32269 and pullback above the 1.32605 will be a sign of the upward correction and let the price grow to 1.32751 level. This mark seems a strong hurdle, which can stop the upward dynamic. However, the breakout and pair’s sustained trading above this level will give a prospect of the growth to the key correction target at 1.33057 (the middle line of Bollinger bands). 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.32269, 1.32141, 1.31836. Resistance levels: 1.32605, 1.32751, 1.33057. Trading recommendations Short positions can be opened below the level of 1.32141 with the target at around 1.31836 and stop-loss at 1.32242. Long positions can be opened above the level of 1.32751 with the target at around 1.33057 and stop-loss at 1.32649. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 13, 2020 Report Share Posted August 13, 2020 USD/CHF: TECHNICAL ANALYSIS 13.08.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price is approaching strong support in the region of 0.90942. There is a high chance of an upward rebound. However, the breakdown of 0.90942 could trigger the pair’s active plunge to the 0.90637 support-line. Alternative scenario The upward rebound from 0.90942 will let the price re-test 0.91246 level. The breakout of this level will indicate the upward correction development and let the price grow to the key correction target at 0.91460 (the midline of Bollinger Bands ). One may speak about upward movement continuation after the price consolidates above the strong resistance level of 0.91553. In this case, the buyers will aim for the 0.91858 level. 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.90942, 0.90637, 0.90332. Resistance levels: 0.91248, 0.91553, 0.91858. Trading recommendations Short positions can be opened below the level of 0.90942 with the target at around 0.90637 and stop-loss at 0.91043. Long positions can be opened above the level of 0.91248 with the target at around 0.91553 and stop-loss at 0.91146. Link to comment Share on other sites More sharing options...
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