Andy.atx Posted November 5, 2019 Report Share Posted November 5, 2019 GBP/USD: TECHNICAL ANALYSIS 05.11.2019 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The instrument is now testing the support level of 1.28784. Assuming the pair’s ability to cross this hurdle, the marks of 1.28479 can be targeted if holding short positions. Alternative scenario. The rebound from the level of 1.28757 and the pair’s sustained move above 1.28898 will be a signal for an upward correction. In this case, the growth can continue to the area of 1.29089 - 1.29258. The area of 1.29258-1.29395 will be a key target of correction move. There is a chance of a downward rebound, while a breakout of 1.29395 will indicate the upward trend resumption and give the prospect of growth to the level of 1.29700. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold zone and is pointed sideways. Support and resistance Support levels: 1.28784, 1.28479, 1.28174. Resistance levels: 1.28898, 1.29258, 1.29700. Trading recommendations Short positions can be opened below the level of 1.28784 with the target at around 1.28479 and stop-loss 1.28885. Long positions can be opened above the level of 1.28900 with the target at around 1.29258 and stop-loss 1.28780. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 6, 2019 Report Share Posted November 6, 2019 NZD/USD: TECHNICAL ANALYSIS 06.11.2019 Current trend NZD/USD is in the stage of upward correction after falling to the level of 0.63629, but the general downward trend is still maintained. The downward trend will be restored after the price is set below the level of 0.63637. In this case, the next targets of sellers will be the level of 0.63477. This level seems a key level for the sellers in the short term period. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and give the prospect of decline to the levels of 0.63224. Alternative scenario. If the "bulls" manage to raise the rate above the level of 0.63821, the correction can continue to the area of 0.63934. In case the pair manage to cross this hurdle the buyers will aim for a 0.64087 resistance zone. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are diverging on the background of bearish momentum. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is pointed sideways. Support and resistance Support levels: 0.63629, 0.63477, 0.63324. Resistance levels: 0.63782, 0.63934, 0.64087. Trading recommendations Long positions can be opened above the level of 0.63782 with the target at around 0.63934-0.64087 and stop-loss at 0.63680. Short positions can be opened below the level of 0.63629 with the target at around 0.63477-0.63324 and stop-loss at 0.64527. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 6, 2019 Report Share Posted November 6, 2019 EUR/JPY: TECHNICAL ANALYSIS 06.11.2019 Current trend On the 4-hour chart, EUR/JPY shows a negative dynamic. At the moment the price has met the support at the level of 120.677. A decisive breakdown of 120.677 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the level of 120.508-120.378. Alternative scenario. The rebound from level 120.703 and pair’s sustained trading above 120.900 will be a signal for upward trend formation. In this case, the next targets of buyers will be the level of 121.094 which is the key level for the short term period. There is a chance of a downward rebound, while its breakout can trigger a pair’s fresh run-up to 121.289 resistance. The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways. MACD histogram is ready to enter the negative zone and form a sell signal. Support and resistance Support levels: 120.703, 120.508, 120.378. Resistance levels: 120.900, 121.094, 121.289. Trading recommendations Short positions can be opened below the level of 120.703 with the target at around 120.508-120.373 and stop-loss at 120.807. Long positions can be opened above the level of 120.900 with the target at around 121.094-121.289 and stop-loss at 120.770. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 6, 2019 Report Share Posted November 6, 2019 XAU/USD: TECHNICAL ANALYSIS 06.11.2019 Current trend The XAU/USD pair begins today’s trading with slight bullish bias due to correction. If the "bulls" manage to raise the rate above the level of 1487.25, the correction can continue to the area of 1489.30, 1492.19. The level of 1492.19 seems a key level for the buyers. There is a chance of a downward rebound, while its breakout will accelerate the pair towards continue 1495.16-1500.00. Alternative scenario. The downward trend will be restored after the price is set below the level of 1482.17. In this case, the next targets of sellers will be the level of 1479.29, which is a strong support zone. The breakdown and pair’s sustained trading below it will be a signal for downward trend formation and give a prospect of decline to the level 1476.56. 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 histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1484.38, 1479.29, 1476.56. Resistance levels: 1487.25, 1489.30, 1492.19. Trading recommendations Short positions can be opened below the level of 1482.17 with the target at around 1479.29-1476.56 and stop-loss at 1484.17. Long positions can be opened above the level of 1487.25 with the target at around 1489.30-1492.19 and stop-loss at 1486.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 7, 2019 Report Share Posted November 7, 2019 USD/CHF: TECHNICAL ANALYSIS 07.11.2019 Current trend USD/CHF yen continues to consolidate in the side narrow channel after significant growth over the past three days. If the sellers manage to decline the rate below the level of 0.99144 support the downward can continue to the area of 0.99030, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend formation. In this case, the next targets of sellers will be the level of 0.98877-0.98724. Alternative scenario. If USD/CHF cannot consolidate below the level of 0.99182 support during the short term period the upward movement restoration and retest of the level 0.99335 are possible. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.99392. In this case, the buyers aim for the 0.99487-0.99640 resistance-zone. The technical picture is mixed. Bollinger Bands are converging on the background of the sideway dynamic. MACD volumes are in the positive zone and are moving along the zero lines. Stochastic lines are pointed sideways. Support and resistance Support levels: 0.99182, 0.99030, 0.98877. Resistance levels: 0.99335, 0.99487, 0.99640. Trading recommendations Short positions can be opened below the level of 0.99144 with the target at around 0.99030-0.98877 and stop-loss at 0.99055. Long positions can be opened above the level of 0.99392 with the target at around 0.99487-0.99640 and stop-loss at 0.99309. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 7, 2019 Report Share Posted November 7, 2019 USD/CAD: TECHNICAL ANALYSIS 07.11.2019 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the pair's next targets will be the area of 1.31989-1.32141. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, a decisive break of 1.32141 will be a key trigger for bullish traders and give a prospect of growth to 1.32300. Alternative scenario. The pullback and pair’s sustained trading below 1.31836 will be a signal for a downward correction. In this case, USD/CAD can drop back to 1.31683 support. Should prices continue slipping under 1.31683, the level of 1.31531 (the middle line of Bollinger bands) might try activating an upward rebound. Technical indicators reflect the maintenance of the upward potential, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways. Support and resistance Support levels: 1.31836, 1.31683, 1.31531. Resistance levels: 1.31989, 1.32141, 1.33000. Trading recommendations Short positions can be opened below the level of 1.31836 with the target at around 1.31683-1.31531 and stop-loss 1.31937. Long positions can be opened above the level of 1.31989 with the target at around 1.32141-1.32300 and stop-loss 1.31885. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 7, 2019 Report Share Posted November 7, 2019 EUR/USD: TECHNICAL ANALYSIS 07.11.2019 Current trend EUR/USD keeps a negative dynamic. The price is approaching strong support in the region of 1.10474. This level seems a key level for the sellers in a short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.10321-1.10168. Alternative scenario. The rebound from 1.11790 and pullback above 1.10779 can lead the price to 1.10931 resistance. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.10931 will give a prospect of growth to the 1.11084 resistance, which will be a key level for the buyers. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.10474, 1.10321, 1.10168. Resistance levels: 1.10626, 1.10779, 1.10931, 1.11084. Trading recommendations Short positions can be opened below the level of 1.10474 with the target at around 1.10168 and stop-loss 1.10576. Long positions can be opened above the level of 1.10779 with the target at around 1.10931-1.11084 and stop-loss 1.10677. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 8, 2019 Report Share Posted November 8, 2019 AUD/USD: TECHNICAL ANALYSIS 08.11.2019 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. Assuming the pair’s ability to cross 0.68746 support, the 0.68665 level can be targeted if holding sell positions. The area of 0.68665-0.68610 seems a key zone for the short term sellers, after the breakdown of which, it is better to enter the market with new sell orders. The consolidation below 0.68610 will give the prospect of decline to the levels of 0.68512, then 0.68359. Alternative scenario. The rebound from the 0.68665 and pair’s sustained trading above 0.68841 level will be a signal for upward movement formation. The key target of the correction will be 0.68930-0.68970 zone. A decisive breakout of 0.68970 will indicate the upward trend resumption and let the price grow to the area of 0.69122-0.69275. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are diverging on the background of bearish momentum. MACD is slowly growing in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed downwards. Support and resistance Support levels: 0.68665, 0.68512, 0.68359. Resistance levels: 0.68841, 0.68970, 0.69122, 0.69275. Trading recommendations Short positions can be opened below the level of 0.68665 with the target at around 0.68512-0.68359 and stop-loss 0.68767. Long positions can be opened above the level of 0.68970 with the target at around 0.69122-0.69275 and stop-loss 0.68868. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 8, 2019 Report Share Posted November 8, 2019 USD/JPY: TECHNICAL ANALYSIS 08.11.2019 Current trend USD/JPY is in the stage of a downward correction after rising to the level of 109.481. If the sellers manage to decline the rate below the level of 109.142, the correction can continue to the area of 109.023-109.984. This area is the key zone of a downward correction. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend formation and let the price fall to 108.789 support. Alternative scenario. Failure to conquer the 109.142 marks during the short term period will let the price retest the 109.375 resistance. The area of 109.375-109.481 seems a strong resistance zone, which can activate a downward rebound. Meanwhile, the breakout of 109.481 and the pair’s sustained trading above it will be a key trigger for bullish traders. In this case, the buyers will aim for the 109.570-109.766 resistance zone. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD stabilized in the positive zone, keeping a 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: 108.180, 108.984, 108.789. Resistance levels: 109.375, 109.481, 109.570, 109.766. Trading recommendations Short positions can be opened below the level of 109.142 with the target at around 108.984-108.789 and stop-loss 109.259. Long positions can be opened above the level of 109.400 with the target at around 109.481-109.766 and stop-loss 109.278. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 8, 2019 Report Share Posted November 8, 2019 GBP/USD: TECHNICAL ANALYSIS 08.11.2019 Current trend On the 4-hour chart, the instrument shows a sideways dynamic, but the general downward trend is still maintained. If the sellers manage to decline the rate below the level of 1.28073, the price can retest the support of 1.27932. The area of 1.27932-1.27869 seems a key zone for the sellers. A decisive breakdown of 1.27869 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.27563. Alternative scenario. The rebound from the level of 1.28045 and the pair’s sustained move above 1.28319 will be a signal for an upward correction formation. In this case, the key target of the correction will be the area 1.28479-1.28575. Should prices continue growing above 1.28575 marks, the level 1.28784 might try activating an upward rebound. The downward trend maintains, which the technical indicators confirm. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is on the border of oversold and is pointed downwards. Support and resistance Support levels: 1.28073, 1.27932, 1.27869, 1.27563. Resistance levels: 1.28319, 1.28479, 1.28575. Trading recommendations Short positions can be opened below the level of 1.27869 with the target at around 1.27563 and stop-loss 1.27971. Long positions can be opened above the level of 1.28319 with the target at around 1.28575 and stop-loss 1.28233. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 11, 2019 Report Share Posted November 11, 2019 EUR/JPY: TECHNICAL ANALYSIS 11.11.2019 Current trend On the 4-hour chart, EUR/JPY keeps a negative dynamic. The price is approaching strong support in the region of 120.117. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 119.922. A decisive breakdown of 119.922 is needed to indicate the downtrend resumption. In this case, the next targets of sellers will be the level of 119.610. Alternative scenario. The rebound from the level 120.703 and pair’s sustained trading above 120.313 will be a signal for upward correction formation. In this case, the next targets of buyers will be the area of levels of 120.508-120.603. Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards. Support and resistance Support levels: 120.117, 119.922, 119.610. Resistance levels: 120.313, 120.508, 120.603. Trading recommendations Short positions can be opened below the level of 120.117 with the target at around 119.922-119.800 and stop-loss at 120.222. Long positions can be opened above the level of 120.313 with the target at around 120.508-120.603 and stop-loss at 120.213. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 11, 2019 Report Share Posted November 11, 2019 XAU/USD: TECHNICAL ANALYSIS 11.11.2019 Current trend XAU/USD is in the stage of upward correction after falling to the level of 1456.10. The first target of the correction is the level of 1468.75-1469.63. This area’s an important line of resistance to watch in the short term period. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area 1472.85-1476.56. Alternative scenario The pullback below 1460.940 and a sustained move below 1456.10 will be a signal for downward trend resumption. In this case, the next targets of sellers will be the level of 1453.13-1450.00. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are stabilized in the negative zone. Stochastic is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1460.94, 1456.10, 1453.13, 1450.00. Resistance levels: 1463.41, 1468.75, 1472.85, 1476.56. Trading recommendations Short positions can be opened below the level of 1456.10 with the target at around 1453.13-1450.00 and stop-loss at 1458.10. Long positions can be opened above the level of 1463.41 with the target at around 1468.75 and stop-loss at 1461.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 11, 2019 Report Share Posted November 11, 2019 NZD/USD: TECHNICAL ANALYSIS 11.11.2019 Current trend The NZD/USD pair begins today’s trading with slight bullish bias due to correction. At the moment the price has met the resistance at the level of 0.63477, which probably can be a temporary hurdle. Assuming the pair’s ability to cross 0.63477, the 0.63629 level can be targeted if holding buy positions. The area of 0.63629-0.63672 seems a key correction target and can activate a downward rebound. Meanwhile, the decisive breakout of 0.63672 will be a signal for upward trend forming and let the price grown to the area of 0.63782-0.63934. Alternative scenario. The rebound from 0.63477 and pairs' sustained trading below 0.63324 could lead the price back to 0.63210 level retest. The downward trend will be restored after the price is set below the level of 0.63171. In this case, the next targets of sellers will be the level of 0.63000, 0.62850. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic is pointed upwards. Support and resistance Support levels: 0.63324, 0.63171, 0.63000. Resistance levels: 0.63477, 0.63629, 0.63782. Trading recommendations Long positions can be opened above the level of 0.63477 with the target at around 0.63629-0.63782 and stop-loss at 0.63375. Short positions can be opened below the level of 0.63324 with the target at around 0.63171-0.63000 and stop-loss at 0.63432. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 12, 2019 Report Share Posted November 12, 2019 USD/CHF: TECHNICAL ANALYSIS 12.11.2019 Current trend USD/CHF is in the stage of upward correction after falling to the level of 0.99280. The first target of the correction is the level of 0.99487, which corresponds to the middle line of Bollinger Bands. There is a high chance of a downward rebound, while its decisive breakout will indicate the upward trend resumption. In this case, the next targets of buyers will be the area of 0.99640, 0.99792. Alternative scenario. The rebound from 0.99487 and the price' sustained move below 0.99283 will be a signal for a downward trend continuation. In this case, the next targets of sellers will be the level of 0.99182-0.99030. The technical picture is mixed. Bollinger Bands are pointed sideways. 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: 0.99335, 0.99182, 0.99030. Resistance levels: 0.99487, 0.99640, 0.99792. Trading recommendations Short positions can be opened below the level of 0.99283 with the target at around 0.99182-0.99030 and stop-loss at 0.99367. Long positions can be opened above the level of 0.99500 with the target at around 0.99640-0.99792 and stop-loss at 0.99402. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 12, 2019 Report Share Posted November 12, 2019 USD/CAD: TECHNICAL ANALYSIS 12.11.2019 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. At the moment the price has met the resistance at the level of 1.32481. Assuming the pair’s ability to cross this level, the mark of 1.32751 can be targeted if holding long positions. Alternative scenario. The rebound from 1.32481 and the pair’s sustained trading below 1.32300 will be a signal for downward correction formation. In this case, the decline can continue to the 1.32141-1.32076 support zone. This area will be a key zone for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 1.31836 support. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are pointed upwards. MACD volumes are stabilized in the positive zone. Stochastic is in the overbought area and is pointed upwards. Support and resistance Support levels: 1.32300, 1.32141, 1.32076, 1.31836. Resistance levels: 1.32481, 1.32751, 1.33057. Trading recommendations Long positions can be opened above the level of 1.32481 with the target at around 1.32751 and stop-loss 1.32391. Short positions can be opened below the level of 1.32300 with the target at around 1.32141-1.32076 and stop-loss 1.32374. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 12, 2019 Report Share Posted November 12, 2019 EUR/USD: TECHNICAL ANALYSIS 12.11.2019 Current trend EUR/USD quotes attempted to grow, but reaching a 1.10426 mark moved to a downward correction. The instrument has the potential to further correction in the direction of 1.10168 support. One may speak about downward movement continuation after the price consolidates below the support level of 1.10160. In this case, the pair will get the prospect of falling to the level of 1.09863. This level seems a key level for the sellers in a short term period. Alternative scenario The pullback above 1.10549 resistance could be a signal for upward correction formation. In this case, the buyers will aim for the 1.10779 resistance zone. 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 negative zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.10168, 1.09863, 1.09558. Resistance levels: 1.10474, 1.10779, 1.11084. Trading recommendations Short positions can be opened below the level of 1.10168 with the target at around 1.09863 and stop-loss 1.10269. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 13, 2019 Report Share Posted November 13, 2019 AUD/USD: TECHNICAL ANALYSIS 13.11.2019 Current trend On the 4-hour chart, the price has tested the support level of 0.68298 and was slightly corrected upwards, but the downward trend maintains. To continue the downward trend AUD/USD should consolidate below 0.68298 hurdle. In this case, the sellers will aim for a 0.68207-0.68054 support zone. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.68565, the correction can continue to the area of 0.68665 resistance. Probably any attempted recovery seems more likely to get sold into aggressively near this area. Meanwhile, the breakout of 0.68665 can accelerate the pair towards 0.68817-0.68860. Technical indicators mostly reflect the maintenance of the downward potential. Stochastic is pointed downwards. MACD is in the negative zone. Bollinger Bands are converging on the background of bullish momentum, reflecting the possibility of an upward correction. Support and resistance Support levels: 0.68359, 0.68207, 0.68054. Resistance levels: 0.68512, 0.68665, 0.68817. Trading recommendations Short positions can be opened below the level of 0.68259 with the target at around 0.68054 and stop-loss at 0.68327. Long positions can be opened above the level of 0.68565 with the target at around 0.68817 and stop-loss at 0.68481. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 13, 2019 Report Share Posted November 13, 2019 USD/JPY: TECHNICAL ANALYSIS 13.11.2019. Current trend USD/JPY is in the stage of upward correction after falling to the level of 108.864. The first target of the correction is the level of 109.125-109.180, which corresponds to the middle line of Bollinger Bands. This area can be an intermediate halt during the growth to 109.375 resistance. The area of 109.375-109.481 seems a strong resistance area, which can prevent the instrument from the growing as the possibility of the reverse of the price is high there. Meanwhile, decisive break of 109.481 is needed to indicate uptrend resumption. In this case, the buyers will aim for a 109.570-109.766 resistance zone. Alternative scenario If the pair cannot consolidate above the level of 109.180 during the short term period, the downward movement restoration and retest of the level 108.864 are possible. One may speak about downward trend continuation after the price consolidates below the support level of 108.789. In this case, the next targets of sellers will be the level of 108.594. Support and resistance Support levels: 108.984, 108.789, 108.594. Resistance levels: 109.180, 109.375, 109.570. Trading recommendations Short positions can be opened below the level of 108.789 with the target at around 108.594 and stop-loss at 108.854. Long positions can be opened above the level of 109.180 with the target at around 109.375 and stop-loss at 109.115. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 13, 2019 Report Share Posted November 13, 2019 GBP/USD: TECHNICAL ANALYSIS 13.11.2019 Current trend The GBP/USD continues to consolidate in the side channel with the borders 1.28367-1.28584. If the sellers manage to decline the rate below the level of 1.28367, the downward movement can continue to the area of 1.28281, 1.28174. This area will be a key zone for the sellers. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and give a prospect of falling to the level 1.27869. Alternative scenario The rebound from 1.28479 and pullback above 1.28614 will let the price to retest 1.28784 resistance zone. The upward trend will be restored after the price is set above the level of 1.28849. In this case, the next targets of buyers will be the level of 1.29089-1.29166. Support and resistance Support levels: 1.28479, 1.28174, 1.27869. Resistance levels: 1.28614, 1.28784, 1.29089. Trading recommendations Short positions can be opened below the level of 1.28367 with the target at around 1.28174 and stop-loss at 1.28432. Long positions can be opened above the level of 1.28614 with the target at around 1.29089 and stop-loss at 1.28464. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 14, 2019 Report Share Posted November 14, 2019 EUR/JPY: TECHNICAL ANALYSIS 14.11.2019 Current trend On the 4-hour chart, EUR/JPY keeps a negative dynamic. Now the price is testing the support level of 119.516. Assuming the pair’s ability to cross this level, the marks of 119.336-119.141 can be targeted if holding sell positions. The area of 119.141 is a strong support zone, which can activate an upward reverse. Meanwhile, a decisive breakdown of 119.141 could trigger a new wave of pair’s active sales. In this case, the next targets of sellers will be the level of 119.000-118.800. Alternative scenario Pullback above 119.802 will let the price correcting up to 119.922-120.117. This area will be a key zone for the buyers in the short term period. There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption and give a prospect of growing to the level 120.313. Support and resistance Support levels: 119.516, 119.336, 119.141. Resistance levels: 119.727, 119.922, 120.117. Trading recommendations Short positions can be opened below the level of 119.516 with the target at around 119.336-119.141 and stop-loss at 119.641. Long positions can be opened above the level of 119.802 with the target at around 119.922-120.117 and stop-loss at 119.697. Link to comment Share on other sites More sharing options...
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