Andy.atx Posted November 25, 2019 Share Posted November 25, 2019 USD/CHF: TECHNICAL ANALYSIS 25.11.2019 Current trend USD/CHF is in the stage of a downward correction after rising to the level of 0.99792. If the sellers manage to decline the rate below the level of 0.99640 the correction can continue to the area of 0.99487. This level seems tough to support as break of which can diver market to 0.99335 support zone. Alternative scenario The rebound from 0.99640 could lead the price back to 0.99792 resistance zone. The breakout of this level can accelerate the pair towards 0.99945. The area of 0.99945-1.00098 will be a key zone for the buyers. Technical indicators mostly reflect the maintenance of the upward trend, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are growing in a positive zone. Stochastic is in the overbought zone and is pointed downwards, reflecting the high possibility of downward movement formation. Support and resistance Support levels: 0.99640, 0.99487, 0.99335. Resistance levels: 0.99792, 0.99945, 1.00098. Trading recommendations Short positions can be opened below the level of 0.99640 with the target at around 0.99487-0.99335 and stop-loss at 0.99741. Long positions can be opened above the level of 0.99792 with the target at around 0.99945-1.00098 and stop-loss at 0.99890. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 25, 2019 Share Posted November 25, 2019 USD/CAD: TECHNICAL ANALYSIS 25.11.2019 Current trend USD/CAD quotes consolidating around the middle line of Bollinger Bands (surrounding 1.32930). The decisive break of 1.33057 resistance is needed to indicate uptrend resumption. In this case, the buyers will aim for the 1.33209-1.33362 resistance area. This area seems can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario If the sellers manage to decline the rate below 1.33904 the downward movement can continue to the area of 1.32751. Should prices continue slipping under this level, the mark of 1.32599-1.32535 might try activating an upward rebound. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.32904, 1.32751, 1.32599. Resistance levels: 1.33057, 1.33209, 1.33362. Trading recommendations Short positions can be opened below the level of 1.32904 with the target at around 1.32751-1.32600 and stop-loss at 1.33000. Long positions can be opened above the level of 1.33057 with the target at around 1.33209-1.33362 and stop-loss at 1.32955. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 25, 2019 Share Posted November 25, 2019 EUR/USD: TECHNICAL ANALYSIS 25.11.2019 Current trend On the 4-hour chart, the instrument shows a negative dynamic. The price has tested the support level of 1.10151 and was slightly corrected upwards, but the downward trend maintains. The breakdown of the level 1.10151.00 will let the price fall to the area of 1.10016-1.09863. The level of 1.098630will is a key mark for the sellers. Alternative scenario The rebound from 1.10168 and pair' sustained above 1.10321 will be a signal for upward correction formation and give a prospect of growth to the 1.10474 level. If the "bulls" manage to raise the rate above the level of this level, the pair will have the potential to further jump to the 1.10626 level. This level is coincided with the middle line Bollinger bands and can activate a downward rebound. Meanwhile, a decisive break of 1.10626 will be a signal for upward trend resumption. Technical indicators mostly reflect the maintenance of the current downward trend, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are growing in the negative zone. Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.10168, 1.10016, 1.09863. Resistance levels: 1.10321, 1.10474, 1.10626. Trading recommendations Short positions can be opened below the level of 1.10150 with the target at around 1.10016-1.09863 and stop-loss at 1.10245. Long positions can be opened above the level of 1.10321 with the target at around 10474-1.10626 and stop-loss at 1.10219. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 26, 2019 Share Posted November 26, 2019 AUD/USD: TECHNICAL ANALYSIS 26.11.2019 Current trend The AUD/USD pair begins today’s trading with slight bullish bias due to correction. If the current trend maintains, the price will reach the 0.67902 resistance, 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 0.68054. This level seems a strong resistance, which can restrict further rise. Meanwhile, the decisive break of 0.68054 will able to accelerate the pair towards 0.68207. Alternative scenario The downward trend will be restored after the price is set below the level of 0.67674. In this case, the next targets of sellers will be the level of 0.67596, 0.67444. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.67749, 0.67596, 0.67444. Resistance levels: 0.67902, 0.68054, 0.68207. Trading recommendations Short positions can be opened below the level of 0.67674 with the target at around 0.67444 and stop-loss at 0.67750. Long positions can be opened above the level of 0.67902 with the target at around 0.68207 and stop-loss at 0.67802. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 26, 2019 Share Posted November 26, 2019 USD/JPY: TECHNICAL ANALYSIS 26.11.2019 Current trend USD/JPY quotes attempted to grow, but reaching 109.202 mark moved to a decline. At the moment the pair has met the support at the area 108.984-108.921. The breakdown of the lower border will let the price to decline to 108.789-108.710 area. This area seems a key target of the downward correction and can restrict further decline. However, the breakdown and pair’s sustained trading below 108.710 level will be a signal for downward trend resumption and give a prospect of falling to the level of 108.594. Alternative scenario The rebound from 108.984 will let the price to retest the 109.202 resistance. The decisive break of this level is needed to indicate uptrend resumption. In this case, the next targets of buyers will be the level of 109.375-109.482. The technical picture is mixed. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are 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: 109.984, 108.789, 108.594. Resistance levels: 109.180, 109.375, 109.482. Trading recommendations Short positions can be opened below the level of 108.911 with the target at around 108.789-108.594 and stop-loss at 108.894. Long positions can be opened above the level of 109.202 with the target at around 109.482 and stop-loss at 109.108 Link to comment Share on other sites More sharing options...
Andy.atx Posted November 26, 2019 Share Posted November 26, 2019 GBP/USD: TECHNICAL ANALYSIS 26.11.2019 Current trend GBP/USD is in the stage of a slight downward correction after rising to the level of 1.29114. If the sellers manage to decline the rate below the level of 1.28900 ( middle line of Bollinger bands), the correction can continue to the area of 1.28784-1.28670. One may speak about downward movement continuation after the price consolidates below the level of 1.28650. In this case, the next targets of sellers will be the level of 1.28479 support. Alternative scenario The rebound from 1.28900 could lead the price back to 1.29114 resistance. The upward trend will be restored after the price is set above this level. In this case, the buyers will aim for the 1.29395 resistance. This level seems a key mark for the buyers, which can activate a downward rebound. Meanwhile, the decisive breakout could trigger pair’s fresh run-up to a 5-days high surrounding 1.29700. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.28784, 1.28479, 1.28174. Resistance levels: 1.29089, 1.29395, 1.29700. Trading recommendations Short positions can be opened below the level of 1.28784 with the target at around 1.28479 and stop-loss at 1.28880. Long positions can be opened above the level of 1.29114 with the target at around 1.29395 and stop-loss at 1.29014. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 27, 2019 Share Posted November 27, 2019 EUR/JPY: TECHNICAL ANALYSIS 27.11.2019 Current trend Today EUR/JPY quotes attempted to continue the upward dynamic but reaching 120.258 hurdles moved to a downward correction. If the sellers manage to decline the rate below the level of 120.104, the correction can continue to the area of 120.000, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would be a signal for downward trend resumption. In this case, the next targets of sellers will be the area of 119.922-119.727 levels. Alternative scenario The rebound from 120.117 could lead the price back to 120.258 resistance, which holds the gate for its rise to key bullish level 120.313. The decisive break of 120.313 could trigger a pair’s active run-up to 120.508-120.565 resistance. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD histogram is in the positive zone keeping a week signal for the opening of buy positions. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. 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 120.104 with the target at around 119.922-119.727 and stop-loss at 120.229. Long positions can be opened above the level of 120.313 with the target at around 120.565 and stop-loss at 120.229. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 27, 2019 Share Posted November 27, 2019 XAU/USD: TECHNICAL ANALYSIS 27.11.2019 Current trend The XAU/USD pair begins today’s trading with slight bearish bias due to downward correction. The price went down below the level of 1460.00 (the middle line of Bollinger Bands) and can fall further to the level of 1457.03. Assuming the pair’s ability to cross this level, the mark of 1455.13-1453.13 can be targeted if holding short positions. Alternative scenario The rebound from 1457.03 could lead the price back to the area of 1460.00, which will be a resistance level already. The upward trend will be restored after the price is set above the level of 1461.00. In this case, the next targets of buyers will be the area of level of 1463.00-1464.84. Now the technical indicators reflect moderate developing of the current downward trend. Bollinger Bands are pointed downwards. MACD stabilized in the negative zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1457.03, 1453.13, 1449.72. Resistance levels: 1460.94, 1464.84, 1468.75. Trading recommendations Short positions can be opened below the level of 1457.00 with the target at around 1453.13 and stop-loss at 1458.30. Long positions can be opened above the level of 1461.00 with the target at around 1463.00-1464.84 and stop-loss at 1459.80. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 27, 2019 Share Posted November 27, 2019 NZD/USD: TECHNICAL ANALYSIS 27.11.2019 Current trend NZD/USD quotes attempted to grow, but reaching 0.64320 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.64218, the correction can continue to the area of 0.64150-0.64087, surrounding the middle line of Bollinger bands. The level of 0.64087 seems strong support for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.63934. Alternative scenario One may speak about upward movement continuation after the price consolidates above the resistance level of 0.64392. In this case, the next targets of buyers will be the level of 0.64545. The area of 0.64545-0.64636 levels seems a strong resistance area, which can activate a downward rebound. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.64150, 0.64087, 0.63934. Resistance levels: 0.64392, 0.64545, 0.64636. Trading recommendations Short positions can be opened below the level of 0.64150 with the target at around 0.64087-0.63934 and stop-loss at 0.64222. Long positions can be opened above the level of 0.64392 with the target at around 0.64545-0.64636 and stop-loss at 0.64310. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 28, 2019 Share Posted November 28, 2019 USD/CHF: TECHNICAL ANALYSIS 28.11.2019 Current trend USD/CHF is moderately restoring after falling to the 0.99807 support. The instrument has the potential to further grow to 0.99945-0.99994 resistance. If the "bulls" manage to raise the rate above the 0.99994, the next target of buyers will be the mark of 1.00098, which seems a key level for the buyers. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 1.00250-1.00403. Alternative scenario The rebound from 0.99945 could lead the price back to 0.99807 support. The downward trend will be restored after the price is set below the level of 0.99760, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.99640-0.99487. 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 stabilized in the positive zone. Stochastics lines are pointed downwards. https://atirox.com/wp-content/uploads/USDCHFH42811.png Support and resistance Support levels: 0.99792, 0.99640, 0.99487. Resistance levels: 0.99945, 1.00098, 1.00250. Trading recommendations Short positions can be opened below the level of 0.99760 with the target at around 0.99487 and stop-loss at 0.99851. Long positions can be opened above the level of 0.99994 with the target at around 1.00250 and stop-loss at 0.99908. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 28, 2019 Share Posted November 28, 2019 USD/CAD: TECHNICAL ANALYSIS 28.11.2019 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. At the moment the price has met the resistance at the level of 1.32915. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the decisive break of 1.32915 is needed to indicate uptrend resumption. In this case, the next targets of buyers will be the level of 1.33057-1.33209. Alternative scenario The rebound from 1.32915 will return the price to 1.32751 support. Should prices continue slipping under this level, the mark of 1.32599 might try activating an upward rebound. Meanwhile, the breakdown of this level will be a signal for downward trend resumption and give a prospect of decline to 1.32446 support. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed upwards, approaching the oversold zone. Support and resistance Support levels: 1.32751, 1.32599, 1.32446. Resistance levels: 1.32915, 1.33057, 1.33209. Trading recommendations Short positions can be opened below the level of 1.32751 with the target at around 1.32599-1.32446 and stop-loss at 1.32852. Long positions can be opened above the level of 1.32915 with the target at around 1.33057-1.33209 and stop-loss at 1.32817. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 28, 2019 Share Posted November 28, 2019 EUR/USD: TECHNICAL ANALYSIS 28.11.2019 Current trend The EUR/USD pair begins today’s trading with slight bullish bias due to correction. The key target of the correction is the level of 1.10122-1.10168, which corresponds to the middle line of Bollinger Bands. There is a high chance of a downward rebound, while its breakout would be a signal for upward trend resumption and let the price to grow to 1.10321. This level will be a key level for the short term buyers. The breakout of this level can accelerate the pair towards 1.10474. Alternative scenario The rebound from 1.10168 could lead the price back to 1.10016 support. The downward trend will be restored after the price is set below the level of 1.09863. In this case, the next targets of sellers will be the area of levels 1.09711-1.09558. The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.10016, 1.09863, 1.09711. Resistance levels: 1.10168, 1.10321, 1.10474. Trading recommendations Short positions can be opened below the level of 1.09863 with the target at around 1.09711-1.09558 and stop-loss at 1.09964. Long positions can be opened above the level of 1.10168 with the target at around 1.10321-1.10474 and stop-loss at 1.10066. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 29, 2019 Share Posted November 29, 2019 AUD/USD: TECHNICAL ANALYSIS 29.11.2019 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The instrument is now testing the level of 0.67749, 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. Meanwhile, the breakout and pair’s sustained trading above 0.67749 will give the prospect of growth to the resistance 0.67902. The area of 0.67902-0.67945 will be a key zone for the buyers. Alternative scenario The rebound from 0.67749 could lead the price back to 0.67596 support. The breakdown of the 0.67596 will be a key trigger for bearish traders. In this case, the next targets of sellers will be the level of 0.67444-0.67291. The technical picture is mixed. Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are slightly diverging on the background of bullish momentum. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is pointed upwards. Support and resistance Support levels: 0.67596, 0.67444, 0.67291. Resistance levels: 0.67749, 0.67902, 0.68054. Trading recommendations Long positions can be opened above the level of 0.67749 with the target at around 0.67902 - 0.68054 and stop-loss at 0.67647. Short positions can be opened below the level of 0.67596 with the target at around 0.67444 - 0.67291and stop-loss at 0.67697. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 29, 2019 Share Posted November 29, 2019 USD/JPY: TECHNICAL ANALYSIS 29.11.2019 Current trend USD/J{Y is in the stage of a downward correction after rasing to the level of 109.597. The instrument has the potential to further movement to 109.375 support. Assuming the pair’s ability to cross this level, the mark of 109.273-109.180 can be targeted if holding short positions. The breakdown of 109.180 will be a signal for downward trend resumption and let the price fall to 108.984 support. Alternative scenario The rebound from 109.375 will let the price retest 109.570 level, which is the strong resistance. The upward trend will be restored after the price is set above the level of 109.604. In this case, the next targets of buyers will be the level of 109.766-109.800. 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 downwards. Support and resistance Support levels: 109.375, 109.180, 108.984. Resistance levels: 109.570, 109.766, 108.000. Trading recommendations Short positions can be opened below the level of 109.375 with the target at around 109.180 and stop-loss at 109.440. Long positions can be opened above the level of 109.604 with the target at around 109.766-109.800 and stop-loss at 109.538. Link to comment Share on other sites More sharing options...
Andy.atx Posted November 29, 2019 Share Posted November 29, 2019 USD/JPY: TECHNICAL ANALYSIS 29.11.2019 Current trend USD/J{Y is in the stage of a downward correction after rasing to the level of 109.597. The instrument has the potential to further movement to 109.375 support. Assuming the pair’s ability to cross this level, the mark of 109.273-109.180 can be targeted if holding short positions. The breakdown of 109.180 will be a signal for downward trend resumption and let the price fall to 108.984 support. Alternative scenario The rebound from 109.375 will let the price retest 109.570 level, which is the strong resistance. The upward trend will be restored after the price is set above the level of 109.604. In this case, the next targets of buyers will be the level of 109.766-109.800. 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 downwards. Support and resistance Support levels: 109.375, 109.180, 108.984. Resistance levels: 109.570, 109.766, 108.000. Trading recommendations Short positions can be opened below the level of 109.375 with the target at around 109.180 and stop-loss at 109.440. Long positions can be opened above the level of 109.604 with the target at around 109.766-109.800 and stop-loss at 109.538. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 2, 2019 Share Posted December 2, 2019 EUR/JPY: TECHNICAL ANALYSIS 02.12.2019 Current trend EUR/JPY quotes attempted to grow, but reaching 120.916 mark moved to a downward correction. The instrument has the potential to further decline to 120.703. This level can activate an upward rebound. Meanwhile, a decisive breakdown of 120.703 will indicate the downward trend resumption and give a prospect of decline to 120.508 support level. The area of 120.508-120.470 seems a key zone for the sellers in a short term period. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to 120.313 support. Alternative scenario The rebound from 120.703 will let the price to retest the 120.916 resistance again. The upward trend will be restored after the price is set above the level of 121.000. In this case, the next targets of buyers will aim for the be the area of 121.094-121.289 resistance zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. However, as the price has broken the upper border of Bollinger Bands, the downward correction is not excluded. The volumes of MACD histogram are growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 120.703, 120.508, 120.313. Resistance levels: 120.898, 121.094, 121.289. Trading recommendations Short positions can be opened below the level of 120.703 with the target at around 120.508 and stop-loss at 120.770. Long positions can be opened above the level of 121.000 with the target at around 121.289 and stop-loss at 120.903. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 2, 2019 Share Posted December 2, 2019 XAU/USD: TECHNICAL ANALYSIS 02.12.2019 Current trend XAU/USD is in the stage of a downward correction after growing to the level of 1466.51. The first target of the correction is the area of levels 1458.00-1457.03, which corresponds to 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 area of 1453.13. This level seems a key mark for the sellers. The decisive breakdown of 1453.13 could trigger a pair’s active decline to the 1449.13 support. Alternative scenario The pullback above 1461.00 could lead the price back to the 1462.89-1464.84 resistance zone. One may speak about upward movement continuation after the price consolidates above the resistance level of 1466.51. In this case, the next targets of buyers will be the level of 1468.75-1469.62. The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. MACD histogram is ready to enter the positive zone and form a buy signal. Support and resistance Support levels: 1457.03,1453.13, 1449.22. Resistance levels: 1460.94, 1464.84, 1468.75. Trading recommendations Short positions can be opened below the level of 1457.03 with the target at around 1453.13 and stop-loss at 1458.03. Long positions can be opened above the level of 1461.00 with the target at around 1464.84 and stop-loss at 1459.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 2, 2019 Share Posted December 2, 2019 NZD/USD: TECHNICAL ANALYSIS 02.12.2019 Current trend On the 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.64468 and can grow further to the area of 0.64545-0.64647. This area seems a key zone for the buyers and can activate a downward rebound. Meanwhile, the decisive break of 0.64647 is needed to indicate the upward trend resumption. In this case, the next targets of sellers will be the level of 0.64870. Alternative scenario The rebound from 0.64545 and pullback below 0.64392 will be a signal for downward correction formation. In this case, the instrument will have the potential to further decline to the 0.64316-0.64240 area. The downward trend will be restored after the price is set below the level of 0.64231, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.64087. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in a positive zone. Stochastic is pointed upwards Support and resistance Support levels: 0.643692, 0.64316, 0.64240, 0.64087. Resistance levels: 0.64468, 0.64545, 0.64870. Trading recommendations Short positions can be opened below the level of 0.64392 with the target at around 0.64240-0.64163and stop-loss at 0.64468. Long positions can be opened above the level of 0.64468 with the target at around 0.64545-0.64700 and stop-loss at 0.64390. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 3, 2019 Share Posted December 3, 2019 USD/CHF: TECHNICAL ANALYSIS 03.12.2019 Current trend USD/CHF price is restoring after the fall to the level of 0.99080. The instrument has the potential to further grow to the resistance level of 0.99335. This level can activate a downward rebound, while its breakout would accelerate the pair towards 0.99487 resistance. This level will be a key zone for the buyers. The decisive break of 0.99487 will indicate the upward trend resumption and give a prospect of growth to the area of 0.99640-0.99792 levels. Alternative scenario The pullback and pair’s sustained trading below 0.99182 will let the price to decline to 0.99030 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 0.98877. 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. The volumes of MACD histograms are actively growing in the negative zone. Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.99182, 0.99030, 0.98877, 0.98724. Resistance levels: 0.99335, 0.99487, 0.99640, 0.99792. Trading recommendations Short positions can be opened below the level of 0.99182 with the target at around 0.99030-0.98877 and stop-loss at 0.99282. Long positions can be opened above the level of 0.99335 with the target at around 0.99487-0.99640 and stop-loss at 0.99233. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 3, 2019 Share Posted December 3, 2019 USD/CAD: TECHNICAL ANALYSIS 03.12.2019 Current trend On the 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands. The first target of the correction is the level of 1.32904, which corresponds to the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would be a signal for downward trend resumption and let the price fall to the 1.32751-1.32701 support. Alternative scenario The rebound from the 1.33000 and consolidation above 1.33088 will give a prospect of growth to the 1.33209 resistance. The area of 1.33209-1.33268 seems a strong resistance zone that can activate a price reverse. However, the breakout of 1.33268 can accelerate the pair towards 1.33362. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 1.32904, 1.32751, 1.32599. Resistance levels: 1.33057, 1.33209, 1.33362. Trading recommendations Short positions can be opened below the level of 1.32904 with the target at around 1.32751-1.32701 and stop-loss at 1.32974. Long positions can be opened above the level of 1.33088 with the target at around 1.33209-1.33362 and stop-loss at 1.32996. Link to comment Share on other sites More sharing options...
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