Andy.atx Posted November 14, 2019 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...
Andy.atx Posted November 14, 2019 Share Posted November 14, 2019 NZD/USD: TECHNICAL ANALYSIS 14.11.2019 Current trend The NZD/USD pair begins today’s trading with a bearish bias to correction. The first target of the correction will be the area of levels of 0.63782 - 0.63682, which corresponds to the middle line of Bollinger Bands. The level of 0.63682 can activate an upward rebound and let the price to retest the resistance 0.64087. According to technical indicators, such a case scenario seems more likely. Meanwhile, the breakdown of 0.63682 and the pair’s sustained trading below it will be a signal for downward trend formation and give a prospect of decline to 0.63629-0.63477. Alternative scenario The upward trend will be restored after the price is set above the level of 0.64175. In this case, the next targets of buyers will be the level of 0.64392-0.64545. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed вupwards. MACD is stabilized in the 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: 0.63782, 0.63629, 0.63477, 0.63324. Resistance levels: 0.64175, 0.64240, 0.64392, 0.64545. Trading recommendations Short positions can be opened below the level of 0.63782 with the target at around 0.63477 and stop-loss at 0.63883. Long positions can be opened above the level of 0.64175 with the target at around 0.64392 and stop-loss at 0.64102. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 15, 2019 Share Posted November 15, 2019 USD/CHF: TECHNICAL ANALYSIS 15.11.2019 Current trend The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The price went up above the resistance level of 0.98877 and can grow further to the levels of 0.99030-0.99077. This area will be a key zone for an upward correction. There is a chance of a downward rebound, while its breakout will be a signal for uptrend resumption and give a prospect of growth to the level of 0.99335. Alternative scenario The pullback below 0.98800 level could lead the price back to 0.98694 support. The downward trend will be restored after the price is set below it. In this case, the next targets of sellers will be the level of 0.98572, 0.98419. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. https://atirox.com/wp-content/uploads/USDCHFH41511-1024x565.png Support and resistance Support levels: 0.98877, 0.98724, 0.98572, 0.98419. Resistance levels: 0.99077, 0.99182, 0.99335, 0.99487. Trading recommendations Short positions can be opened below the level of 0.98694 with the target at around 0.98419 and stop-loss at 0.98785. Long positions can be opened above the level of 0.99077 with the target at around 0.99335 and stop-loss at 0.98991. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 15, 2019 Share Posted November 15, 2019 USD/CAD: TECHNICAL ANALYSIS 15.11.2019 Current trend On the 4-hour chart, the instrument shows a negative dynamic. The price is approaching support in the region of 1.32141. The breakdown of this level will be a signal for downward trend resumption. In this case, the next targets of sellers will be the level of 1.31836, which is the key level for the short term sellers. Alternative scenario The rebound from 1.32141 and the pair' sustained above 1.32446 ( middle line of Bollinger Bands) will lead the price back to 1.32697 resistance. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.32751. In this case, the buyers will aim for the 1.33057 resistance zone. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. MACD histogram has moved to a decline in positive, forming a weak sell signal. Stochastic is in the oversold area and is pointed downwards. https://atirox.com/wp-content/uploads/USDCADH41511-1024x565.png Support and resistance Support levels: 1.32141, 1.31836, 1.31531. Resistance levels: 1.32446, 1.32751, 1.33057. Trading recommendations Short positions can be opened below the level of 1.32141 with the target at around 1.31836 and stop-loss at 1.32242. Long positions can be opened above the level of 1.32446 with the target at around 1.32751 and stop-loss at 1.32344. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 15, 2019 Share Posted November 15, 2019 EUR/USD: TECHNICAL ANALYSIS 15.11.2019 Current trend On a 4-hour chart, EUR/USD is trading above its middle line of Bollinger bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers will be the levels of 1.10350, 1.10474. This area probably will be a strong resistance zone, which can activate a downward rebound. However, the decisive break of 1.10474 and the pair’s sustained trading above the 1.10549 level will indicate the uptrend resumption and let the price grow to the level of 1.10779. Alternative scenario The pullback below 1.10126 ( middle line of Bollinger bands) will be a signal for a downward correction. In this case, the bearish movement restoration and retest of the support level 1.09863 are possible. This level seems at 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 1.09558. 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 1.10126 with the target at around 1.09863 and stop-loss at 1.10213. Long positions can be opened above the level of 1.10474 with the target at around 1.10779 and stop-loss at 1.10374. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 18, 2019 Share Posted November 18, 2019 AUD/USD: TECHNICAL ANALYSIS 18.11.2019 Current trend AUD/USD is in the stage of a downward correction after growing to the level of 0.68190. If the price managed to cross the 0.68054 support, the downward correction can continue to the area of 0.67978-0.67749. The area of 0.67749-0.67689 will be a key zone for the sellers. There is a high chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and let the price fall to the area of 0.67444 support level. Alternative scenario The rebound from 0.68054 support could lead the price back to 0.68190 resistance. One may speak about upward movement continuation after the price consolidates above this resistance mark. In this case, the next targets of buyers will be the area of 0.68359-0.68404. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.68054, 0.67749, 0.67444. Resistance levels: 0.68200, 0.68359, 0.68665. Trading recommendations Short positions can be opened below the level of 0.68054 with the target at around 0.67749 and stop-loss at 0.68154. Long positions can be opened above the level of 0.68200 with the target at around 0.68359-0.68404 and stop-loss at 0.68130. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 18, 2019 Share Posted November 18, 2019 USD/JPY: TECHNICAL ANALYSIS 18.11.2019 Current trend USD/JPY today continues today a positive dynamic. The pair is trading above the middle line of Bollinger Bands and has the potential to further grow to 108.984 resistance. This case scenario will be actual after the price is set above the 108.850 resistance. Alternative scenario The pullback below 108.740 level will be a signal for downward correction formation and give the prospect of decline to the support level of 108.594. This level seems at a key level for the short term sellers. The area of 108.594-108.535 can activate an upward rebound, while its breakdown would allow the fall to continue to the area of 108.398 support. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are converging on the background of bullish momentum, reflecting the moderate development of upward dynamic. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic is in the overbought zone and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 108.789, 108.594, 108.398. Resistance levels: 108.984, 109.180, 109.375. Trading recommendations Short positions can be opened below the level of 108.740 th the target at around 108.594-108.398 and stop-loss at 108.660. Long positions can be opened above the level of 108.850 with the target at around 108.894-109.180 and stop-loss at 108.740. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 18, 2019 Share Posted November 18, 2019 GBP/USD: TECHNICAL ANALYSIS 18.11.2019 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands and approaching the strong resistance around the 1.29395 line. Slightly overbought conditions on hourly charts signaling the possibility of a downward correction, but the general upward trend is still maintained. The decisive break of 1.29395 is needed to indicate uptrend resumption. In this case, the buyers will aim for the level of 1.29700-1.30005. This area seems a strong resistance area which can prevent further rise. Alternative scenario The rebound from 1.29395 and price' sustained trading below 1.29089 level will be a signal for downward correction forming and let the price decline to the level of 1.28784. This level is located near the middle line of Bollinger Bands and is the key correction target. One may speak about downward movement continuation after the price consolidates below it. In this case, the next targets of sellers will be the level of 1.28479, then 1.28174. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD histogram is in the positive zone. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels:1.29089, 1.28784, 1.28479, 1.28174. Resistance levels: 1.29395, 1.29700, 1.30005. Trading recommendations Short positions can be opened below the level of 1.29089 with the target at around 1.28784 and stop-loss at 1.29189. Long positions can be opened above the level of 1.29395 with the target at around 1.29700 and stop-loss at 1.29295. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 19, 2019 Share Posted November 19, 2019 EUR/JPY: TECHNICAL ANALYSIS 19.11.2019 Current trend EUR/JPY quotes attempted to decline, but reaching 119.992 support moved to upward correction. If the "bulls" manage to raise the rate above the level of 120.330, the correction can continue to the area of 120.508. Alternative scenario The rebound from 119.330 could lead the price back to 119.992. The area of 119.992-119.922 seems a strong support zone, which can activate an upward rebound. Meanwhile, the breakdown of this level can accelerate the negative dynamic and let the price fall to the area of 119.727-119.531. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD histogram has moved to a decline in the positive zone, forming a weak sell signal. Stochastic is pointed sideways. Support and resistance Support levels: 120.117, 119.922, 119.727, 119.531. Resistance levels: 120.313, 120.508, 120.703. Trading recommendations Short positions can be opened below the level of 120.117 with the target at around 119.922 and stop-loss at 120.247. Long positions can be opened above the level of 120.330 with the target at around 120.508-120.703 and stop-loss at 120.200. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 19, 2019 Share Posted November 19, 2019 XAU/USD: TECHNICAL ANALYSIS 19.11.2019 Current trend On the 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands (1475.21). Now the price is testing the support level of 1468.75. The breakdown of this level will let the price to decline to 1466.85 support, which coincided with the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1460.94 support. Alternative scenario A rebound from the level of 1468.75 will lead the price to return to the area of morning highs surrounding 1475.21. The breakout of this level could trigger a pair’s fresh run-up to a 12-days high surrounding 1484.38. The technical picture is mixed. Bollinger Bands are pointed upwards. The volumes of MACD histograms are slowly growing in the 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: 1468.75, 1460.94, 1453.13. Resistance levels: 1475.21, 1480.00, 1484.38. Trading recommendations Short positions can be opened below the level of 1466.85 with the target at around 1460.94 and stop-loss at 1468.85. Long positions can be opened above the level of 1476.75 with the target at around 1480.00-1484.38 and stop-loss at 1474.10. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 19, 2019 Share Posted November 19, 2019 NZD/USD: TECHNICAL ANALYSIS 19.11.2019 Current trend NZD/USD is in the stage of upward correction after falling to the level of 0.63808, but the downward trend is still maintained. The instrument has the potential to further correction to 0.63944-0.63965 levels. If the "bulls" manage to raise the rate above the level of 0.63700, the correction can continue to the area of 0.64087. This level seems a key for the short term buyers and can activate a downward rebound. However, the decisive break of 0.64087 is needed to indicate uptrend resumption. Alternative scenario The downward trend will be restored after the price is set below the support level of 0.63782. In this case, the next targets of sellers will be the level of 0.63629-0.63477. The 0.63477 level will be a key level for the sellers. Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. https://atirox.com/wp-content/uploads/NZDUSDH41911-1-1024x565.png Support and resistance Support levels: 0.63782, 0.63629, 0.63477. Resistance levels: 0.63934, 0.64087, 0.64240. Trading recommendations Short positions can be opened below the level of 0.63782 with the target at around 0.63477 and stop-loss at 0.63883. Long positions can be opened above the level of 0.63700 with the target at around 0.64087 and stop-loss at 0.63571. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 20, 2019 Share Posted November 20, 2019 USD/CHF: TECHNICAL ANALYSIS 20.11.2019 Current trend The USD/HCF pair begins today’s trading with a slight bearish bias. At the moment the price has met the support at the level of 0.98979, which coincided with the middle line of Bollinger Bands. If the sellers manage to decline the rate below this level, the decline can continue to the area of 0.98877 support. This level seems at a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98724. Alternative scenario The rebound from 0.98979 will return the price back to 0.99106-0.99182 resistance area. One may speak about upward movement continuation after the price consolidates above 0.99182. In this case, the buyers will have their sights on the resistance at 0.99335. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are converging on the background of bearish momentum. MACD is in the negative zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.98979, 0.98877, 0.98724. Resistance levels: 0.99030, 0.99182, 0.99335. Trading recommendations Short positions can be opened below the level of 0.98979 with the target at around 0.98877-0.98724 and stop-loss at 0.99064. Long positions can be opened above the level of 0.99106 with the target at around 0.99335 and stop-loss at 0.99029. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 20, 2019 Share Posted November 20, 2019 USD/CAD: TECHNICAL ANALYSIS 20.11.2019 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 1.32828. Assuming the pair’s ability to cross this level, the mark of 1.33057 can be targeted if holding long positions. The area of 1.33057 seems a strong level that can activate a downward rebound. Meanwhile, a decisive break of this level could trigger a pair’s fresh run-up to 1.33362 resistance. Alternative scenario The pullback and pair’s sustained trading below 1.32690 will be a signal for downward correction formation. In this case, the decline can continue to the area of 1.32446 support. The downward trend will be restored after the price is set below the level of 1.32290, which is the middle line of Bollinger Bands. In this case, the target sellers will aim for the area of 1.32141-1.32000 levels. Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are stabilized in the positive zone. Stochastic is in the overbought area and is pointed upwards. Support and resistance Support levels: 1.32751, 1.32446, 1.32141, 1.32000. Resistance levels: 1.32828, 1.33057, 1.33362. Trading recommendations Short positions can be opened below the level of 1.32690 with the target at around 1.32446 and stop-loss at 1.32771. Long positions can be opened above the level of 1.32828 with the target at around 1.33057 and stop-loss at 1.32751. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 20, 2019 Share Posted November 20, 2019 EUR/USD: TECHNICAL ANALYSIS 20.11.2019 Current trend The EURUSD pair begins today’s trading with a slight bearish bias. The instrument has the potential to further decline to the first support level 1.10626. As we can see, this level can activate an upward rebound. However, the breakdown of this level and pair’s sustained trading below it will be a signal for downward correction resumption and let the price fall to the area of 1.10474 support. This level will be a key level for the sellers. Alternative scenario The rebound from 1.10626 and consolidation of the price above 1.10715 resistance will give the prospect of growth to the level of 1.10931. Further close above this level may push EUR/USD even higher towards the 1.11084 resistance. Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are slowly decreasing in the positive zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Bollinger Bands are pointed sideways. Support and resistance Support levels: 1.10626, 1.10474, 1.10321, 1.10168. Resistance levels: 1.10779, 1.10931, 1.11084, 1.11237. Trading recommendations Short positions can be opened below the level of 1.10626 with the target at around 1.10474-1.10321 and stop-loss at 1.10726. Long positions can be opened above the level of 1.10715 with the target at around 1.10931 and stop-loss at 1.40643. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 21, 2019 Share Posted November 21, 2019 USD/JPY: TECHNICAL ANALYSIS 21.11.2019 Current trend USD/JPY quotes attempted to fall, but reaching 108.271 support moved to upward correction. The key target of the correction is the level of 108.600, which corresponds to the middle line of Bollinger Bands. The area of 108.600-108.650 can activate a downward rebound. One may speak about upward movement continuation after the price consolidates above the resistance level of 108.789. In this case, the next target of buyers will be the level of 108.984. Alternative scenario The rebound from 108.594 resistance will let the price to retest the support area 108.398-108.301. Should prices continue slipping under 108.301 level, the mark of 108.203 can activate an upward rebound. Meanwhile, a decisive breakout of 108.203 will indicate the downward trend resumption and let the price fall to the 108.008 level. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 108.398, 108.203, 108.008. Resistance levels: 108.594, 108.789, 108.984. Trading recommendations Short positions can be opened below the level of 108.398 with the target at around 108.203 and stop-loss at 108.464. Long positions can be opened above the level of 108.789 with the target at around 108.984 and stop-loss at 108.854. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 21, 2019 Share Posted November 21, 2019 GBP/USD: TECHNICAL ANALYSIS 21.11.2019 Current trend On the 4-hour chart, the instrument shows a moderate positive dynamic. At the moment the price has met the resistance at 1.29320, which coincided with the middle line of Bollinger Bands. The area of 1.29320-1.29395 can prevent the further rise. Judging by the hourly technical conditions on the chart the downward correction scenario is possible. However, the breakout of 1.29395 and the pair’s sustained trading above it can accelerate the pair towards 1.29700. Alternative scenario The rebound from 1.29395 and pullback below 1.29089 could lead the price back to 1.28881 support. The downward trend will be restored after the price is set below the level of 1.28784. In this case, the next targets of sellers will be the support level of 1.28479. Technical indicators reflect the moderate maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is in the overbought area and is pointed upwards. Bollinger Bands are pointed sideways. Support and resistance Support levels: 1.29089, 1.28784, 1.28479. Resistance levels: 1.29395, 1.29700, 1.30005. Trading recommendations Short positions can be opened below the level of 1.29089 with the target at around 1.28784 and stop-loss at 1.29190. Long positions can be opened above the level of 1.29395 with the target at around 1.29700 and stop-loss at 1.29290. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 21, 2019 Share Posted November 21, 2019 AUD/USD: TECHNICAL ANALYSIS 21.11.2019 Current trend AUD/USD is in the stage of upward correction after falling to the level of 0.67851. The first target of correction is the area of 0.68054-0.68083, which coincided with the middle line of Bollinger Bands. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 0.68083 and the pair’s sustained trading above it will give the prospect of growth to the level of 0.68359. This level seems a key level for the buyers in the short term period. Alternative scenario The rebound from 0.68054 could lead the price back to 0.67851 support. If the sellers manage to decline the rate below 0.67851, the instrument will have the potential to further decline to 0.67749 support. This level seems a key level for the sellers. A decisive breakdown of 0.67749 will be a signal for downward trend resumption. In this case, the next target of sellers will be the level of 0.67444. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.67749, 0.67444, 0.67139. Resistance levels: 0.68054, 0.68359, 0.68665. Trading recommendations Short positions can be opened below the level of 0.67749 with the target at around 0.67444 and stop-loss at 0.67849. Long positions can be opened above the level of 0.68083 with the target at around 0.68359 and stop-loss at 0.67991. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 22, 2019 Share Posted November 22, 2019 EUR/JPY: TECHNICAL ANALYSIS 22.11.2019 Current trend EUR/JPY quotes attempted to grow, but reaching 120.259 resistance moved to a decline. Now the price is testing the level of 120.190, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 120.043. In this case, the next targets of sellers will be the level of 119.922. The area of 119.922-119.831 seems a strong support area, which can activate an upward rebound. Meanwhile, the decisive breakdown of 119.831 is needed to indicate the downtrend resumption. Alternative scenario If the "bulls" manage to raise the rate above the level of 120.358, the growth can continue to the area of 120.508. The area of 120.508-120.567 will be a key zone for the buyers in the short term period. There is a chance of a downward rebound, while its breakout would accelerate the pair towards 120.703 The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards. Support and resistance Support levels:120.117, 119.922, 119.727. Resistance levels: 120.313, 120.508, 120.703. Trading recommendations Short positions can be opened below the level of 120.043 with the target at around 119.727 and stop-loss at 120.163. Long positions can be opened above the level of 120.358 with the target at around 120.567-120.703and stop-loss at 120.243. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 22, 2019 Share Posted November 22, 2019 XAU/USD: TECHNICAL ANALYSIS 22.11.2019 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 1466.00 the correction can continue to the area of 1468.75-1470.00, 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 1472.65. Alternative scenario The downward trend will be restored after the price is set below the level of 1462.66. In this case, the next targets of sellers will be the level of 1460.94, 1457.03. The level of 1453.13 will be a key level for the sellers in a short term period. The technical picture is mixed. Bollinger Bands are diverging on the background of the bearish trend. The volumes of MACD histograms are growing in the negative zone. Stochastic is in the oversold area and is pointed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1462.66, 1460.94, 1457.03, 1453.13. Resistance levels: 1466.00, 1468.75, 1472.66. Trading recommendations Short positions can be opened below the level of 1462.66 with the target at around 1460.94-1457.03 and stop-loss at 1463 90. Long positions can be opened above the level of 1466.00 with the target at around 1468.75-1472.66 and stop-loss at 1464.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 22, 2019 Share Posted November 22, 2019 NZD/USD: TECHNICAL ANALYSIS 22.11.2019 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 0.64087. The area of 0.64087-0.64117 is coincided with the middle line of Bollinger Bands and can activate a downward rebound. If the "bulls" manage to raise the rate above the level of 0.64117, the correction can continue to the area of 0.64240-0.64392. Alternative scenario The rebound from 0.64087 could lead the price back to 0.63934 support. This level seems at a key level for the sellers. The breakdown of this mark will be a signal for downward trend resumption. In this case, the next targets of sellers will be the level of 0.63782, 0.63629. Technical indicators reflect the moderate maintenance of the downward potential. Bollinger Bands are slightly leaned downwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.63934, 0.63782, 0.63629, 0.63477. Resistance levels: 0.64087, 0.64240, 0.64392, 0.64545. Trading recommendations Short positions can be opened below the level of 0.63934 with the target at around 0.63782-0.63629 and stop-loss at 0.64035. Long positions can be opened above the level of 0.64117 with the target at around 0.64240-0.64392 and stop-loss at 0.64025. Link to comment Share on other sites More sharing options...
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