Andy.atx Posted July 13, 2020 Report Share Posted July 13, 2020 USD/JPY: TECHNICAL ANALYSIS 13.07.20 Current trend The USD/JPY pair begins today’s trading with a slight bearish bias. At the moment the price has met the support at the level of 106.784. Should prices continue slipping under this mark, the level of 106.641 can activate the upward reverse of the price. Meanwhile, the breakdown of this level is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 106.445-106.250 support area. Alternative scenario If the instrument cannot consolidate below the level of 106.784 during the short term period, it will begin to grow to the area of 107.031-107.120 resistance. One may speak about upward movement continuation after the price consolidates above the support level of 107.227. In this case, the buyers will aim for the 107.422-107.500 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 pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 106.784, 106.641, 106.445. Resistance levels: 107.031, 107.227, 107.422. Trading recommendations Short positions can be opened below the level of 106.641 with the target at around 106.445-106.350 and stop-loss at 106.738. Long positions can be opened above the level of 107.031 with the target at around 107.227-107.300 and stop-loss at 106.941. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 13, 2020 Report Share Posted July 13, 2020 AUD/USD: TECHNICAL ANALYSIS 13.07.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic amid the general weakness of the US dollar. The price went up above the level of 0.69580 and can grow further to the levels of 0.69885-0.70004. As a strong resistance area, this zone can activate a downward reverse of the price. However, the decisive break of 0.70004 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.70190-0.70400 resistance area. Alternative scenario The downward rebound from 0.69885 could lead the price back to 0.69580 level, 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 0.69510. In this case, the next targets of sellers will be the level of 0.69397-0.69275. Technical indicators Technical indicators maintain a buy signal. 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: 0.69580, 0.69275, 0.68970. Resistance levels: 0.69885, 0.70190, 0.70496. Trading recommendations Short positions can be opened below the level of 0.69510 with the target at around 0.69275-0.69230 and stop-loss at 0.69603. Long positions can be opened above the level of 0.70004 with the target at around 0.70300 and stop-loss at 0.69900. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 14, 2020 Report Share Posted July 14, 2020 NZD/USD: TECHNICAL ANALYSIS 14.07.20 Current trend On the 4-hour chart, the price has tested the support level of 0.65236 and was slightly corrected upwards, but the downward potential maintains. The breakdown of 0.65236 and pair’s sustained trading below 0.65200 will let the price decline to the area of 0.65002-0.64925. There is a high chance of the upward reverse of the price. However, the breakdown of the lower border will give a prospect of decline to 0.64697 level, which seems a key mark for the sellers. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.65430, the correction can continue to the area of 0.65613, which coincided with the middle line of Bollinger Bands. As the key correction target, this level can activate a downward reverse of the price. Meanwhile, the decisive breakout of 0.65613 will be a signal of the upward trend resumption and let the price grow to the area of 0.65918 resistance. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive 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: 0.65236, 0.65002, 0.64697. Resistance levels: 0.65430, 0.65613, 0.65918. Trading recommendations Short positions can be opened below the level of 0.65236 with the target at around 0.65002-0.64925 and stop-loss at 0.65339. Long positions can be opened above the level of 0.65430 with the target at around 0.65613-0.65700 and stop-loss at 0.65340. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 14, 2020 Report Share Posted July 14, 2020 XAU/USD: TECHNICAL ANALYSIS 14.07.20 Current trend The XAU/USD pair keeps the potential of the downward movement. At the moment the price has met the support at the level of 1795.87. Should prices continue slipping under this mark, the level of 1793.98 will be a next support-line, which can activate an upward rebound of the price. Meanwhile, the breakdown of 1793.98 and the pair’s sustained trading below 1793.00 will be a signal of the downward trend resumption and let the price decline to the area of 1789.06 support. Alternative scenario The upward rebound from 1795.87 and pullback above 1799.55 will be a signal of the upward trend resumption and let the price grow to the 1804.09 resistance-line, which coincided with the middle line of Bollinger Bands. As the key correction target, this mark can activate a downward reverse of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 1805.00. In this case, the next targets of buyers will be the level of 1810.09. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. 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: 1795.87, 1793.98, 1789.06. Resistance levels: 1799.55, 1805.00, 1810.09. Trading recommendations Short positions can be opened below the level of 1793.00 with the target at around 1789.06 and stop-loss at 1794.30. Long positions can be opened above the level of 1800.00 with the target at around 1805.00 and stop-loss at 1798.50. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 14, 2020 Report Share Posted July 14, 2020 EUR/JPY: TECHNICAL ANALYSIS 14.07.20 Current trend EUR/JPY quotes attempted to decline, but reaching 121.458 marks moved to upward growth. If the sellers manage to decline the rate below the level of 121.400, the downward correction can continue to the area of 121.289-121.206. The lower border of this range is coincided with the middle line of Bollinger Bands and can activate an upward reverse of the price. One may speak about downward movement continuation after the price consolidates below the support level of 121.094. In this case, the sellers will aim for the 120.898-120.800 level. Alternative scenario Should prices continue growing above 121.693, the EUR/JPY will be able to re-test the yesterday' high around the 121.875-121.955 area. The decisive breakout of 122.000 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 122.266-122.300 resistance area. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing 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: 121.458, 121.289, 121.094, 120.898. Resistance levels: 121.680, 121.875, 122.070, 122.266. Trading recommendations Short positions can be opened below the level of 121.400 with the target at around 121.200-121.100 and stop-loss at 121.500. Long positions can be opened above the level of 121.693 with the target at around 121.955 and stop-loss at 121.605. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 15, 2020 Report Share Posted July 15, 2020 EUR/USD: TECHNICAL ANALYSIS 15.07.20 Current trend EUR/USD is in the stage of a downward correction after growing to the level of 1.14228. If the current trend maintains, the next target of the sellers will be 1.13831. This mark will be a first strong hurdle, which can activate an upward reverse of the price. Meanwhile, the decisive breakdown of 1.13831 will be a signal of the downward correction resumption and let the price decline to the 1.13525 level. Alternative scenario The upward rebound from 1.13831 and pullback above 1.14000 will let the price re-test today's high at 1.14228. As a strong resistance, this mark can stop the upward dynamic of the EUR/USD. However, its breakout can trigger a pair’s fresh run-up to the area of 1.14500-1.14746. 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 is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 1.13831, 1.13525, 1.13220. Resistance levels: 1.14228, 1.14500, 1.14746. Trading recommendations Short positions can be opened below the level of 1.13831 with the target at around 1.13525 and stop-loss at 1.13933. Long positions can be opened above the level of 1.14228 with the target at around 1.14520 and stop-loss at 1.14130. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 15, 2020 Report Share Posted July 15, 2020 USD/CAD: TECHNICAL ANALYSIS 15.07.20 Current trend On a 4-hour chart, The price has tested the support level of 1.35846 and was slightly corrected upwards, but the downward potential maintains. Should prices continue slipping under 1.35803, the area of 1.35584-1.35498 will be the next target of the sellers. The lower border of this channel seems a key mark for the sellers in the short-term period. There is a high chance of an upward reverse of the price, while its breakdown would allow the fall to continue to the 1.35193 level. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.36167, the correction can continue to the area of 1.36344-1.36414. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.36452. In this case, the next targets of buyers will be the level of 1.36719. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 1.35803, 1.35498, 1.35193. Resistance levels: 1.36167, 1.36414, 1.36719. Trading recommendations Short positions can be opened below the level of 1.35803 with the target at around 1.35500 and stop-loss at 1.35900. Long positions can be opened above the level of 1.36167 with the target at around 1.36414 and stop-loss at 1.36084. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 15, 2020 Report Share Posted July 15, 2020 USD/CHF: TECHNICAL ANALYSIS 15.07.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (0.93790). The price went up above the level of 0.93994 and can grow further to the level of 0.94090, which coincided with the middle line of the Bollinger Bands. As a strong resistance, this level can prevent the instrument from growing. However, the decisive breakout of 0.94100 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.94299-0.94368 resistance zone. Alternative scenario The downward rebound from 0.94090 and pullback below 0.93897 will be a signal of the downward trend resumption and let the price decline to the area of 0.93790. Should prices continue slipping under this level, the mark of 0.93689 might try activating an upward reverse of the price. Meanwhile, its breakdown will be a signal of the downward trend resumption and let the price decline to the area of 0.93384. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. 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: 0.93994, 0.93689, 0.93384. Resistance levels: 0.94090, 0.94299, 0.94368, 0.94600. Trading recommendations Short positions can be opened below the level of 0.93790 with the target at around 0.93623-0.93500 and stop-loss at 0.93886. Long positions can be opened above the level of 0.94090 with the target at around 0.94368 and stop-loss at 0.93997. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 16, 2020 Report Share Posted July 16, 2020 GBP/USD: TECHNICAL ANALYSIS 16.07.20 Current trend On 4-hour chart, the instrument is trading below the middle line of Bollinger bands suggesting bearish momentum. The first strong support for the pair is located on the 1.25427 level. Assuming the pair’s ability to cross this mark, the level of 1.25122 can be targeted if holding sell positions. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. However, the decisive breakdown of 1.25100 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1.24817 level. Alternative scenario The upward rebound from 1.25427 will let the price re-test 1.25811 resistance. The upward trend will be restored after the price is set above the level of 1.26000, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 1.26343. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.25427, 1.25122, 1.24817. Resistance levels: 1.25732, 1.26038, 1.26343. Trading recommendations Short positions can be opened below the level of 1.25427 with the target at around 1.25122 and stop-loss at 1.25520. Long positions can be opened above the level of 1.26000 with the target at around 1.26343 and stop-loss at 1.25900. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 16, 2020 Report Share Posted July 16, 2020 USD/JPY: TECHNICAL ANALYSIS 16.07.20 Current trend USD/JPY quotes today attempted to grow, but reaching 107.027 mark moved to a downward movement. The strong support for the pair is located on the 106.829 line. The breakdown of it will give a prospect of decline to the 106.641 level. This mark seems strong support which can activate an upward rebound of the price. Meanwhile, the decisive breakdown of 106.600 will be a signal of the downward trend resumption and let the price decline to the area of 106.445-106.300. Alternative scenario If the instrument cannot consolidate below the level of 106.829, it will begin to grow to the area of 107.031 mark. The key “bullish” level is 107.100 at the middle line of Bollinger bands. The consolidation above it will give the prospect of growth to the levels of 107.227-107.400. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 106.836, 106.641, 106.445, 106.300. Resistance levels: 107.031, 107.227, 107.400. Trading recommendations Short positions can be opened below the level of 106.826 with the target at around 106.641-106.600 and stop-loss at 106.921. Long positions can be opened above the level of 107.100 with the target at around 107.400 and stop-loss at 107.000. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 16, 2020 Report Share Posted July 16, 2020 AUD/USD: TECHNICAL ANALYSIS 16.07.20 Current trend On the 4-hour chart, the instrument keeps the potential of the downward movement. The price has tested the support level of 0.69821 but cannot break through it. If the sellers manage to decline the rate below this level, the plunge can continue to the area of 0.69733 level, which coincided with the middle line of Bollinger Bands. As the key sellers level, this mark can activate an upward rebound of the price. However, the breakdown of 0.69733 can trigger a pair’s active decline to the 0.69580-0.69427 support area. Alternative scenario The upward rebound from 0.69821 and pullback above the 0.70038 will let the price grow towards 0.70190 resistance. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.70343-0.70496 resistance area. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. 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: 0.69821, 0.69733, 0.69580, 0.69427. Resistance levels: 0.70038, 0.70190, 0.70343, 0.70496. Trading recommendations Short positions can be opened below the level of 0.69733 with the target at around 0.69427 and stop-loss at 0.69835. Long positions can be opened above the level of 0.70190 with the target at around 0.70343-0.70496 and stop-loss at 0.70088. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 17, 2020 Report Share Posted July 17, 2020 NZD/USD: TECHNICAL ANALYSIS 17.07.20 Current trend The NZD/USD pair begins today’s trading with slight bullish bias amid the upward correction. The first strong resistance for the pair is located in 0.65474-0.65513 range around the middle line of Bollinger bands. As the key target of the correction, this area can prevent the instrument from growing. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.65613. In this case, the next targets of buyers will be the level of 0.65765-0.65918. Alternative scenario The downward rebound from 0.65460 could lead the price back to 0.65308-0.65272 support area. The lower borders of this channel can activate an upward rebound of the price. Meanwhile, the decisive breakdown of 0.65272 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.65155-0.65002 area. Technical indicators Technical indicators maintain a sideways movement signal. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed sideways. Support and resistance Support levels: 0.65308, 0.65155, 0.65002. Resistance levels: 0.65460, 0.65613, 0.65765, 0.65918. Trading recommendations Short positions can be opened below the level of 0.65272 with the target at around 0.65002 and stop-loss at 0.65362. 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 July 17, 2020 Report Share Posted July 17, 2020 XAU/USD: TECHNICAL ANALYSIS 17.07.20 Current trend XAU/USD is in the stage of upward correction after falling to the level of 1794.90. At the moment the price has met the resistance at 1799.18. Should prices continue growing above this mark, the level of 1800.78 (the middle line of Bollinger bands) will be the next target of the buyers. As the key target of the upward correction, this level can activate a downward rebound of the price. However, the breakout of 1800.78 and the pair’s sustained trading above 1801.00 will be a signal of the upward trend resumption and let the price grow to the area of 1804.69. Alternative scenario If the price cannot consolidate above the level of 1799.18, the price can reverse and retest the support level of 1796.88. One may speak about downward movement continuation after the price consolidates below the support level of 1794.90. In this case, the next targets of sellers will be the level of 1789.06. Technical indicators The technical picture is mixed. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1796.88, 1794.90, 1789.06. Resistance levels: 1799.18, 1804.69, 1808.67. Trading recommendations Short positions can be opened below the level of 1794.90 with the target at around 1790.00 and stop-loss at 1796.50. Long positions can be opened above the level of 1801.00 with the target at around 1804.69 and stop-loss at 1799.77. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 17, 2020 Report Share Posted July 17, 2020 EUR/JPY: TECHNICAL ANALYSIS 17.07.20 Current trend On a 4-hour chart, the instrument is trading below the middle line of Bollinger Bands suggesting bearish momentum. Should prices continue slipping under 122.000, the next target of the sellers will be the 121.875 level. This mark seems strong support that can activate an upward rebound of the price. However, the breakdown of 121.875 and the pair’s sustained trading below the 121.800 will be a signal of the downward trend resumption and let the price decline to the area of 121.500-121.484. Alternative scenario If the "bulls" manage to raise the rate above the level of 122.164, the correction can continue to the area of 122.266 resistance. 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 122.266 will give a prospect of the growth to the area of 122.493-122.656 resistance area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging 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: 121.875, 121.484, 121.094. Resistance levels: 122.164, 122.266, 122.493, 122.656. Trading recommendations Short positions can be opened below the level of 121.800 with the target at around 121.500 and stop-loss at 121.900. Long positions can be opened above the level of 122.266 with the target at around 122.500 and stop-loss at 122.188. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 20, 2020 Report Share Posted July 20, 2020 EUR/USD: TECHNICAL ANALYSIS 20.07.20 Current trend The EURUSD pair begins today’s trading with a slight bullish bias. The price has tested the 1.14453 level but cannot break through it. Now the pair is trading above the middle line of Bollinger bands suggesting upward momentum. If the "bulls" manage to raise the rate above the level of 1.14310, the pair can re-test today's high at 1.14453. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.14746 resistance level. Alternative scenario The downward rebound from 1.14310 could lead the price back to 1.14105 level, which coincided with the middle line of Bollinger Bands. As the strong support, this mark can activate an upward rebound of the price. However, the breakdown of 1.14105 and the pair’s sustained trading below it will be a signal of the downward trend resumption and let the price decline to the area of 1.11831-1.13755 levels. Technical indicators The technical picture is mixed. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward correction formation. Support and resistance Support levels: 1.14136, 1.13831, 1.13525. Resistance levels: 1.14453, 1.14746, 1.15051. Trading recommendations Short positions can be opened below the level of 1.14105 with the target at around 1.13831 and stop-loss at 1.14196. Long positions can be opened above the level of 1.14453 with the target at around 1.14746 and stop-loss at 1.14355. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 20, 2020 Report Share Posted July 20, 2020 USD/CAD: TECHNICAL ANALYSIS 20.07.20 Current trend USD/CAD quotes attempted to grow, but reaching 1.35993 mark moved to a downward correction. The strong support for the pair is located at 1.35803-1.35643 zone. The breakdown of the lower border gives a prospect of decline to the area of 1.35498 support, which seems a key level for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.35193. Alternative scenario The upward rebound from 1.35775 will let the price re-test today's high 1.35993. The breakout of this level and pair’s sustained trading above 1.36108 will be a signal of the upward trend resumption. In this case, the buyers will aim for the 1.36414 level. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. 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: 1.35643, 1.35498, 1.35193. Resistance levels: 1.36108, 1.36414, 1.36719. Trading recommendations Short positions can be opened below the level of 1.35643 with the target at around 1.35498-1.35350 and stop-loss at 1.35740. Long positions can be opened above the level of 1.36108 with the target at around 1.36414 and stop-loss at 1.36000. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 20, 2020 Report Share Posted July 20, 2020 USD/CHF: TECHNICAL ANALYSIS 20.07.20 Current trend On the 4-hour chart, the instrument keeps the potential of the downward movement. The first strong support for the pair is 0.93842-0.93795 area. Should prices continue slipping under 0.93795 level, the mark of 0.93689 might try activating an upward rebound. Meanwhile, the breakdown of 0.93689 and pair sustained trading below 0.93612 will be a signal of the downward trend resumption and let the price decline to the area of 0.93536-0.93384. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.94036, the correction can continue to the area of 0.94147-0.94240 (the middle line of Bollinger bands). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.94299. In this case, the buyers will aim for the 0.94452-0.94604 resistance area. Technical indicators The technical picture is mixed. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.93842, 0.93689, 0.93536, 0.93384. Resistance levels: 0.93394, 0.94147, 0.94299, 0.94452. Trading recommendations Short positions can be opened below the level of 0.93689 with the target at around 0.93536-0.93400 and stop-loss at 0.93785. Long positions can be opened above the level of 0.94036 with the target at around 0.94300 and stop-loss at 0.93948. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 21, 2020 Report Share Posted July 21, 2020 GBP/USD: TECHNICAL ANALYSIS 21.07.20 Current trend GBP/USD is in the stage of a downward correction after growing to the level of 1.26846. The price went down below the level of 1.26600 and can decline further to the level of 1.23343. This mark will be first support which can activate an upward reverse of the price. However, the breakdown of this level will give a prospect of decline to the area of 1.26038 level. Alternative scenario The upward rebound from 1.26343 and pullback above 1.26648 will let the price re-test the today's high at 1.26846. Should prices continue growing above this level, the mark of 1.26953 might try activating a downward rebound of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.27000. In this case, the next targets of buyers will be the level of 1.27258. 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: 1.26343, 1.26038, 1.25732. Resistance levels: 1.26953, 1.27258, 1.27563. Trading recommendations Short positions can be opened below the level of 1.26343 with the target at around 1.26038 and stop-loss at 1.26444. Long positions can be opened above the level of 1.27000 with the target at around 1.27258 and stop-loss at 1.26914. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 21, 2020 Report Share Posted July 21, 2020 USD/JPY: TECHNICAL ANALYSIS 21.07.20 Current trend USD/JPY quotes attempted to decline, but reaching 107.120 mark moved to an upward correction. If the "bulls" manage to raise the rate above the level of 107.331, the correction can continue to the area of 107.422-107.531. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The upward trend will be restored after the price is set above the level of 107.617. In this case, the next targets of buyers will be the level of 107.813. Alternative scenario If the pair cannot consolidate above the level of 107.331 during the short time period, the price can reverse and retest the support area 107.227-107.120. The lower border of this channel coincides 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 key sellers level at 107.031. The decisive breakdown of 107.000 is needed to indicate the downtrend resumption. In this case, the sellers will aim for the 106.836-106.641 support area. Technical indicators Technical indicators maintain a buy signal. 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: 107.227, 107.031, 106.836, 106.641. Resistance levels: 107.422, 107.617, 107.813. Trading recommendations Short positions can be opened below the level of 107.000 with the target at around 106.836-106.700 and stop-loss at 107.100. Long positions can be opened above the level of 107.531 with the target at around 107.700-107.800 and stop-loss at 107.441. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 21, 2020 Report Share Posted July 21, 2020 AUD/USD: TECHNICAL ANALYSIS 21.07.20 Current trend AUD/USD is in the stage of a downward correction after growing to the level of 0.70341. At the moment the price has met the support at the level of 0.70151. Assuming the pair’s ability to cross this mark, the level 0.70038 can be targeted if holding short positions. The breakdown of this level will confirm the downward correction potential and let the price decline to the key target of the sellers at 0.69885 level (the middle line of Bollinger bands). There is a high chance of an upward rebound. However, the decisive breakdown of 0.69855 will be a signal of the downward trend resumption and let the price decline to the area of 0.69733-0.69580. Alternative scenario The upward rebound from 0.70151 and pullback above 0.70236 will let the price grow to the area of 0.70341-0.70496 resistance. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.70500. In this case, the next targets of buyers will be the level of 0.70634-0.70800. 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 has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.70151, 0.70038, 0.69885, 0.69733, 0.69580. Resistance levels: 0.70343, 0.70496, 0.70800. Trading recommendations Short positions can be opened below the level of 0.69885 with the target at around 0.69733-0.69580 and stop-loss at 0.69986. Long positions can be opened above the level of 0.70496 with the target at around 0.70800 and stop-loss at 0.70400. Link to comment Share on other sites More sharing options...
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