Andy.atx Posted May 6, 2020 Report Share Posted May 6, 2020 XAU/USD: TECHNICAL ANALYSIS 06.05.20 Current trend The XAU/USD pair begins today’s trading with slight bearish bias amid the downward correction. The price went down below the level of 1703.13 and can decline further to the levels of 1695.00-1693.00, which coincided with the middle line of Bollinger Bands. This area can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, breakdown of the lower border will be a signal of the downward trend resumption and let the price decline to the area of 1687.50 support. Alternative scenario The pullback above 1707.52 will let the price re-test yesterday's high 1711.97. The breakout of this level is needed to confirm the upward trend. In this case, the buyers will aim for the 1715.93-1718.75 resistance. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed downwards. Support and resistance Support levels: 1700.48, 1695.71, 1693.00, 1687.50. Resistance levels: 1707.52, 1711.97, 1715.93, 1718.75. Trading recommendations Short positions can be opened below the level of 1693.00 with the target at around 1687.50 and stop-loss at 1694.80. Long positions can be opened above the level of 1707.52 with the target at around 1711.97 and stop-loss at 1706.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 6, 2020 Report Share Posted May 6, 2020 NZD/USD: TECHNICAL ANALYSIS 06.05.20 Current trend On a 4-hour chart, NZD/USD pair consolidating around the 0.60382-0.60580 area. The breakdown of the lower border is needed to resume to downward dynamic. In this case, the sellers will aim for a 0.60087 support line. This level will be a key mark for the sellers. There is a high chance of an upward rebound. However, its breakdown could trigger a pair' active plunge to local new surrounding 0.59814. Alternative scenario The upward rebound from 0.60425 and pullback above 0.60591 will let the price re-test the 0.60759 resistance. The breakout of this level and pair’s sustained trading above will be a signal of the upward trend resumption and give a prospect of growth to the area of 0.61035 resistance. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of sideways momentum. MACD is growing in the negative zone, keeping a sell signal. Stochastic is pointed downwards. Support and resistance Support levels: 0.60382, 0.60087, 0.59814. Resistance levels: 0.60591, 0.60759, 0.61035. Trading recommendations Short positions can be opened below the level of 0.60382 with the target at around 0.60087 and stop-loss at 0.60480. Long positions can be opened above the level of 0.60759 with the target at around 0.61035 and stop-loss at 0.60667. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 7, 2020 Report Share Posted May 7, 2020 USD/CHF: TECHNICAL ANALYSIS 07.05.20 Current trend On the 4-hour chart, the instrument is consolidating around 0.97500 support after significant growth over the last week. In order to continue the upward dynamic, USD/CHF should consolidate above the 0.97656 resistance. In this case, the buyers will aim for the 0.97961 mark. The area of 0.97961-0.97991 seems an overbought zone, which can activate a downward reverse of the price. However, the decisive breakout of 0.97991 could trigger a pair’s fresh run-up to the next local high surrounding 0.98267. Alternative scenario The downward rebound from 0.97656 and pullback below 0.97500 will be a sign of the downward correction formation and let the price decline to the area of 0.97351 support. The breakdown of this level will confirm the downward dynamic and let the price decline to the key correction target around 0.97046. Technical indicators Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.97351, 0.97046, 0.96741. Resistance levels: 0.97656, 0.97961, 0.98267. Trading recommendations Short positions can be opened below the level of 0.97351 with the target at around 0.97046 and stop-loss at 0.97452. Long positions can be opened above the level of 0.97656 with the target at around 0.97961 and stop-loss at 0.97550. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 7, 2020 Report Share Posted May 7, 2020 EUR/USD: TECHNICAL ANALYSIS 07.05.20 Current trend On the 4-hour chart, EUR/USD is trading in a bear trend below the middle line of Bollinger Bands. The price went down below the level of 1.08000 and can fall further to the level of 1.07727. This level will be the first strong support for the pair. The breakdown of this level will give a prospect of decline to the area of 1.07422. Alternative scenario The upward rebound from 1.07727 and pullback above 1.08032 will be a sign of the upward correction and let the price re-test the area of 1.08264-1.08337. The upper border of this range can activate a downward rebound. However, its breakout can accelerate the rate towards 1.08643 resistance, which coincided with the middle line of Bollinger Bands. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.07727, 1.07422, 1.07117, 1.06812. Resistance levels: 1.08032, 1.08337, 1.08643, 1.08948. Trading recommendations Short positions can be opened below the level of 1.07727 with the target at around 1.07422 and stop-loss at 1.07828. Long positions can be opened above the level of 1.08032 with the target at around 1.08337 and stop-loss at 1.07932. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 8, 2020 Report Share Posted May 8, 2020 AUD/USD: TECHNICAL ANALYSIS 08.05.20 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price has tested the resistance level of 0.65472 and was slightly corrected downwards, but the general upward trend maintains. The breakout of the 0.65500 will be a signal of the upward trend resumption and give a prospect of growth to the area of 0.65700 - 0.65918. Alternative scenario The downward rebound from 0.65472 and pullback below 0.65207 will be a sign of the downward correction development and give a prospect of decline to the area of 0.65002 mark. The breakdown of this level is needed to confirm the downward correction. In this case, the sellers will aim for 0.64697 support. 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: 0.65207, 0.65002, 0.64697. Resistance levels: 0.65472, 0.65613, 0.65918. Trading recommendations Short positions can be opened below the level of 0.65002 with the target at around 0.64697 and stop-loss at 0.65103. Long positions can be opened above the level of 0.65613 with the target at around 0.65918 and stop-loss at 0.65511. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 8, 2020 Report Share Posted May 8, 2020 USD/JPY: TECHNICAL ANALYSIS 08.05.20 Current trend The USD/JPY pair begins today’s trading with a slight bullish bias. At the moment the price is trying to consolidate above the level of 106.452, which coincided with the middle line of Bollinger bands. The breakout of 106.445 will let the price re-test 106.649 resistance. This level seems a strong hurdle for the pair, which can activate a downward reverse of the price. However, its breakout could trigger a pair’s fresh run-up to a next local high surrounding 106.836-106.900. Alternative scenario The downward rebound from 106.452 and pullback below 106.250 will be a sign of the downward trend resumption and give a prospect of decline to the area of strong oversold 106.055-105.984. The breakdown of the lower border can accelerate the plunge towards 105.750 support. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic lines are pointed downwards. Support and resistance Support levels: 106.250, 106.055, 105.750. Resistance levels: 106.445, 106.649, 106.836. Trading recommendations Short positions can be opened below the level of 106.250 with the target at around 106.000 and stop-loss at 106.333. Long positions can be opened above the level of 106.445 with the target at around 106.700 and stop-loss at 106.360. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 8, 2020 Report Share Posted May 8, 2020 GBP/USD: TECHNICAL ANALYSIS 08.05.20 Current trend On the 4-hour chart, the instrument keeps the potential of the upward movement. At the moment the price has met the resistance at the level of 1.24075. This mark seems a strong resistance which can activate a downward rebound of the price. Meanwhile, the breakout of 1.24100 and the pair’s sustained trading above it will be a signal of the upward movement resumption and give a prospect of the growth to the next strong resistance surrounding 1.24512 level. Alternative scenario If GBP/USD cannot consolidate above the level of 1.24075, the downward trend restoration and retest of the support level 1.23600 are possible. The breakdown of this level will accelerate the plunge towards 1.23291 support. 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 can diver market to 1.23000-1.22681 support. Technical indicators Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are converging on the background of bullish momentum. 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: 1.23600, 1.23291, 1.23000, 1.22691. Resistance levels: 1.24075, 1.24512, 1.24800. Trading recommendations Short positions can be opened below the level of 1.23600 with the target at around 1.23291 and stop-loss at 1.23700. Long positions can be opened above the level of 1.24100 with the target at around 1.24500 and stop-loss at 1.23966. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 11, 2020 Report Share Posted May 11, 2020 EUR/JPY: TECHNICAL ANALYSIS 11.05.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price has tested the resistance level of 116.050 and was slightly corrected downwards, but the upward trend maintains. The buyers will look for successful trading beyond 116.100 to challenge the next strong resistance around 116.406. This level can activate a downward reverse of the price. However, its breakout could trigger a pair of active growth in the area of 116.797. Alternative scenario The downward rebound from 116.050 and pullback below 115.800 will be a sign of the downward correction development and let the price decline to the area of 115.625 support. This mark seems strong support, which can activate an upward rebound. Meanwhile, the breakdown of this level is needed to confirm the downward dynamic. In this case, the sellers will aim for the 115.234 level, which coincided with the middle line of Bollinger Bands. 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: 115.800, 115.625, 115.234. Resistance levels: 116.050, 116.406, 116.797. Trading recommendations Short positions can be opened below the level of 115.625 with the target at around 115.300 and stop-loss at 115.720. Long positions can be opened above the level of 116.100 with the target at around 116.406 and stop-loss at 116.000. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 11, 2020 Report Share Posted May 11, 2020 NZD/USD: TECHNICAL ANALYSIS 11.05.20 Current trend The NZD/USD pair begins today’s trading with a slight bullish bias. At the moment the price has met the resistance at the level of 0.61550. If the "bulls" manage to raise the rate above this level, the growth can continue to the area of 0.61646-0.61931. However, overbought Stochastic could challenge the pair’s upside. Alternative scenario The downward rebound from 0.61550 and pullback below 0.61227 will be a sign of the downward correction development and give a prospect of decline to the area of 0.61035 mark. 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 would allow the fall to continue to the area of 0.60730. 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: 0.61340, 0.61035, 0.60730, 0.60425. Resistance levels: 0.61646, 0.61931, 0.62236, 0.62581. Trading recommendations Short positions can be opened below the level of 0.61300 with the target at around 0.61035 and stop-loss at 0.61388. Long positions can be opened above the level of 0.61646 with the target at around 0.61931 and stop-loss at 0.61551. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 11, 2020 Report Share Posted May 11, 2020 NZD/USD: TECHNICAL ANALYSIS 11.05.20 Current trend The NZD/USD pair begins today’s trading with a slight bullish bias. At the moment the price has met the resistance at the level of 0.61550. If the "bulls" manage to raise the rate above this level, the growth can continue to the area of 0.61646-0.61931. However, overbought Stochastic could challenge the pair’s upside. Alternative scenario The downward rebound from 0.61550 and pullback below 0.61227 will be a sign of the downward correction development and give a prospect of decline to the area of 0.61035 mark. 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 would allow the fall to continue to the area of 0.60730. 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: 0.61340, 0.61035, 0.60730, 0.60425. Resistance levels: 0.61646, 0.61931, 0.62236, 0.62581. Trading recommendations Short positions can be opened below the level of 0.61300 with the target at around 0.61035 and stop-loss at 0.61388. Long positions can be opened above the level of 0.61646 with the target at around 0.61931 and stop-loss at 0.61551. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 12, 2020 Report Share Posted May 12, 2020 USD/CHF: TECHNICAL ANALYSIS 12.05.20 Current trend USD/CHF is in the stage of a downward correction after growing to the level of 0.97491. At the moment the price has met the support at the level of 0.97264, which coincided with the middle line of Bollinger Bands. The decisive breakdown of this level will be a signal of the downward trend resumption and give a prospect of decline to the area of 0.97046-0.96995 support. The lower border can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown of the 0.96990 will accelerate the plunge towards 0.96741 support. Alternative scenario The upward rebound from 0.97286 and pullback above 0.97491 will give a prospect of growth to the area of 0.97656 resistance. This level seems 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 area of 0.97835. 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 a positive zone., keeping 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: 0.97264, 0.97046, 0.96741. Resistance levels: 0.97491, 0.97656, 0.97835. Trading recommendations Short positions can be opened below the level of 0.97261 with the target at around 0.97000 and stop-loss at 0.97348. Long positions can be opened above the level of 0.97491 with the target at around 0.97750 and stop-loss at 0.97404. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 12, 2020 Report Share Posted May 12, 2020 USD/CAD: TECHNICAL ANALYSIS 12.05.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. Price has tested the 1.40637 resistance but cannot break through it. The breakout of this level will be a sign of the upward trend resumption and give a prospect of growth to the area of 1.40991 resistance. This level seems a strong resistance, which can activate a downward reverse of the price. However, its breakout and pair’s sustained trading above it can trigger a pair’s fresh run-up to 1.41294-1.41602 resistance area. Alternative scenario If the "bulls" manage to decline the rate below the level of 1.40381, the correction can continue to the area of 1.40053 support (the middle line of Bollinger bands), which seems a key target of the downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 1.39771-1.39400 support zone. Technical indicators Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are converging on the background of bullish momentum. MACD is decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.40381, 1.40053, 1.39771, 1.39400. Resistance levels: 1.40637, 1.40991, 1.41294, 1.41602. Trading recommendations Short positions can be opened below the level of 1.40381 with the target at around 1.40053 and stop-loss at 1.40490. Long positions can be opened above the level of 1.40637 with the target at around 1.40991 and stop-loss at 1.40519. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 12, 2020 Report Share Posted May 12, 2020 EUR/USD: TECHNICAL ANALYSIS 12.05.20 Current trend EUR/USD quotes attempted to decline, but reaching 1.07839 mark moved to an upward correction. If the "bulls" manage to raise the rate above the level of 1.08081, the correction can continue to the area of 1.08200-1.08337, which seems a key zone of the upward correction. The upper border can activate a downward reverse of the price. Meanwhile, the decisive breakout of 1.08337 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.08643. Alternative scenario The downward rebound from 1.08081 and pullback below 1.07839 will give a prospect of decline to the area of 1.07727-1.07660. The breakdown of the lower border will confirm the downward dynamic and accelerate the plunge towards 1.07422-1.07265. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. 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: 1.07727, 1.07422, 1.07112. Resistance levels: 1.08081, 1.08337, 1.08643. Trading recommendations Short positions can be opened below the level of 1.07727 with the target at around 1.07422 and stop-loss at 1.07828. Long positions can be opened above the level of 1.08337 with the target at around 1.08643 and stop-loss at 1.08235. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 13, 2020 Report Share Posted May 13, 2020 AUD/USD: TECHNICAL ANALYSIS 13.05.20 Current trend On the 4-hour chart, the price has tested the support level of 0.64500 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of the 0.64500 will let the price re-test the 0.64392-0.64313 support area. The lower border of this channel seems strong support, which can activate an upward reverse of the price. Meanwhile, its breakdown could trigger a pair’s active decline to the area of 0.64087 level. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.64789, the correction can continue to the area of 0.65002 resistance, 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, its breakout will let the price re-test the yesterday high surrounding 0.65355 resistance. 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 is pointed downwards. Support and resistance Support levels: 0.64697, 0.64500, 0.64392, 0.64087. Resistance levels: 0.64790, 0.65002, 0.65355, 0.65613. Trading recommendations Short positions can be opened below the level of 0.64392 with the target at around 0.64087 and stop-loss at 0.64493. Long positions can be opened above the level of 0.65000 with the target at around 0.65300 and stop-loss at 0.64900. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 13, 2020 Report Share Posted May 13, 2020 USD/JPY: TECHNICAL ANALYSIS 13.05.20 Current trend USD/JPY is in the stage of upward correction after falling to the level of 107.083 (the middle line of Bollinger bands). If the "bulls" manage to raise the rate above the level of 107.271, the correction can continue to the area of 107.422. This level seems a first strong resistance on the way up. In case the pair manage to cross the 107.422 hurdle, the buyers will aim for the 107.617-107.762 resistance area. Alternative scenario The downward rebound from 107.271 will let the price re-test the 107.081 support. One may speak about downward movement continuation after the price consolidates below the support level of 107.031. In this case, the next targets of sellers will be the level of 106.836-106.769. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are slightly converging on the background of bullish momentum. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 107.031, 106.836, 106.641. Resistance levels: 107.271, 107.422, 107.617, 107.762. Trading recommendations Short positions can be opened below the level of 107.000 with the target at around 106.700 and stop-loss at 107.100. Long positions can be opened above the level of 107.422 with the target at around 107.700 and stop-loss at 107.329. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 13, 2020 Report Share Posted May 13, 2020 GBP/USD: TECHNICAL ANALYSIS 13.05.20 Current trend On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. The price went down below the level of 1.22600 and has potential to further decline to the level of 1.22300-1.22070. The lower border of this channel seems a key level for the sellers in the short-term period. There is a chance of an upward rebound. Meanwhile, the breakdown of 1.22070 and the pair’s sustained trading below it will accelerate the plunge towards 1.21700 support. Alternative scenario If the price cannot consolidate below the level of 1.22503 during the short-term period, the price can reverse and retest the resistance level of 1.22936. The breakout of this level will confirm the upward correction tendency and give a prospect of growth to the area of 1.23291 resistance, which coincided with the middle line of Bollinger Bands. This area can prevent the instrument from growing, as the key target of the upward correction. However, the breakout of 1.23300 will be a signal of the upward trend resumption and let the price grow to the area of 1.23765-1.23900. 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.22503, 1.22300, 1.22070, 1.21700. Resistance levels: 1.22936, 1.23291, 1.23765, 1.23900. Trading recommendations Short positions can be opened below the level of 1.22300 with the target at around 1.22070 and stop-loss at 1.22380. Long positions can be opened above the level of 1.22936 with the target at around 1.23291 and stop-loss at 1.22817. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 14, 2020 Report Share Posted May 14, 2020 EUR/JPY: TECHNICAL ANALYSIS 14.05.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price went down below 115.600 support and has the potential of a further decline to 115.400-115.234 support. The lower border seems a key level for the sellers in the short term period, which can activate an upward rebound of the price. Meanwhile, the decisive breakdown of 115.200 will be a signal of the downward trend resumption and let the price decline to the area of 115.000-114.844. Alternative scenario The upward rebound from 115.600 and pullback above 115.851 will be a sign of the upward correction development and let the price grow to the area of 116.016-116.110, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 116.406 resistance. 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 115.400, 115.234, 115.000, 114.844. Resistance levels: 115.625, 115.851, 116.110, 116.406. Trading recommendations Short positions can be opened below the level of 115.400 with the target at around 115.100 and stop-loss at 115.500. Long positions can be opened above the level of 115.851 with the target at around 116.110 and stop-loss at 115.764. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 14, 2020 Report Share Posted May 14, 2020 XAU/USD: TECHNICAL ANALYSIS 14.05.20 Current trend XAU/USD is in the stage of a downward correction after growing to the level of 1719.68. The instrument is now testing the support level of 1710.94. Assuming the pair’s ability to cross this mark, the level of 1703.13 can be targeted if holding short positions. This mark can activate an upward rebound of the price as the key target of the correction. However, a decisive breakdown of 1703.00 is needed to indicate the downtrend resumption. In this case, the sellers will aim for 1695.31 level. Alternative scenario The upward rebound from 1710.94 will let the price re-test the today's high, surrounding 1719.68 resistance. One may speak about upward movement continuation after the price consolidates above the level of 1720.00. In this case, the next target of buyers will be the level of 1726.56. 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 is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 1710.94, 1703.13, 1695.31. Resistance levels: 1719.68, 1726.56, 1734.38. Trading recommendations Short positions can be opened below the level of 1710.94 with the target at around 1703.13 and stop-loss at 1713.27. Long positions can be opened above the level of 1719.68 with the target at around 1726.56 and stop-loss at 1717.34. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 14, 2020 Report Share Posted May 14, 2020 NZD/USD: TECHNICAL ANALYSIS 14.05.20 Current trend NZD/USD quotes attempted to decline, but reaching 0.59665 mark moved to an upward correction. In order to resume the downward dynamic, NZD/USD should consolidate below 0.59665 support. In this case, the sellers will aim for the 0.59509-0.59204 area. This area can prevent the instrument from falling, as the possibility of the reverse of the price is high there. However, the breakdown of the 0.59200 and pair’s sustained trading below it will accelerate the plunge towards 0.59000. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.60036, the correction can continue to the area of 0.60120 resistance. The breakout of this level will confirm the upward correction and let the price grow to the area of 0.60425-0.60544 resistance. 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: 0.59814, 0.59665, 0.59509, 0.59204. Resistance levels: 0.60120, 0.60425, 0.60730. Trading recommendations Short positions can be opened below the level of 0.59665 with the target at around 0.59360 and stop-loss at 0.59765. Long positions can be opened above the level of 0.60120 with the target at around 0.60425 and stop-loss at 0.60018. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 15, 2020 Report Share Posted May 15, 2020 USD/CHF: TECHNICAL ANALYSIS 15.05.20 Current trend USD/CHF quotes are in the stage of sideways consolidation in the narrow side channel 0.97263-0.97374. The breakout of the upper border will let the price to grow to the area of yesterday's high surrounding 0.97545 resistance. There is a chance of a downward reverse of the price, while its breakout would allow the growth to continue to 0.97656 resistance, which seems a key level for the buyers in the short term period. Alternative scenario The pullback below 0.97263 support will let the price decline to the area of 0.97127-0.97046 support, which coincided with the middle line of Bollinger Bands. As a strong support zone this area can activate an upward rebound of the price. One may speak about downward movement continuation after the price consolidates below the support level of 0.97000. In this case, the sellers will aim for the 0.96741 support level. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD histogram is in the positive zone keeping a weak signal for the opening of buy positions. Stochastic is pointed downwards. Support and resistance Support levels: 0.97263, 0.97046, 0.96741. Resistance levels: 0.97351, 0.97656, 0.97961. Trading recommendations Short positions can be opened below the level of 0.97046 with the target at around 0.96741 and stop-loss at 0.97147. Long positions can be opened above the level of 0,97351 with the target at around 0.97656 and stop-loss at 0.97250. Link to comment Share on other sites More sharing options...
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