Andy.atx Posted December 23, 2019 Share Posted December 23, 2019 EUR/JPY: TECHNICAL ANALYSIS 23.12.19 Current trend EUR/JPY continues to consolidate in the side channel after a significant decline over the past four days. Meanwhile, the pair has a potential for further decline. The decisive breakdown of 121.094 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the level of 120.703. Alternative scenario The rebound from 121.094 and pullback above 121.343 will be a sign for upward correction formation and give a prospect of growth to 121.484-121.595 resistance. The area of 121.595 is coincided with the middle line of Bollinger Bands and can activate a downward rebound. However, the breakout of 121.600 could trigger a pair’s active growth to the 121.875 resistance. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic’s lines are in the negative zone and pointed sideways. Support and resistance Support levels: 121.094, 120.703, 120.313. Resistance levels: 121.343, 121.595, 121.875. Trading recommendations Short positions can be opened below the level of 121.094 with the target at around 120.703 and stop-loss at 121.224. Long positions can be opened above the level of 121.343 with the target at around 121.595 and stop-loss at 121.259. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 23, 2019 Share Posted December 23, 2019 XAU/USD: TECHNICAL ANALYSIS 23.12.19 Current trend On the 4-hour chart, the XAU/USD pair keeps a positive dynamic. At the moment the price has met the resistance at the level of 1481.53. Assuming the pair’s ability to cross this level, the mark of 1484.38 can be targeted if holding long positions. There is a chance of a downward rebound, while its breakout would allow the growth to continue to 1486.76. Alternative scenario The pullback below 1479.13 will be a signal for a downward correction formation. In this case, the key correction target will be 1476.56 support, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1475.76. In this case, the next targets of sellers will be the level of 1472.76. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1479.13, 1476.56, 1472.66. Resistance levels: 1481.13, 1484.38, 1486.76. Trading recommendations Short positions can be opened below the level of 1479.13 with the target at around 1476.56 and stop-loss at 1480.13. Long positions can be opened above the level of 1481.13 with the target at around 1484.38 and stop-loss at 1482.13. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 23, 2019 Share Posted December 23, 2019 NZD/USD: TECHNICAL ANALYSIS 23.12.19 Current trend Today NZD/USD price is moderately growing and is now testing the resistance level of 0.66108. Assuming the pair’s ability to cross this level, the mark of 0.66223 can be targeted if holding long positions. The area of 0.66223 – 0.66340 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout and holding above 0.66376 level will be a signal for “bullish” traders. In this case, the buyers will aim for 0.66528 resistance. Alternative scenario The rebound from 0.66108 resistance and pullback below 0.66000 could lead the price to 0.65918-0.65875 support. This area is coincided with the middle line of Bollinger Bands and seems an important line for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 0.65765-0.65613 support zone. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is pointed upwards. Support and resistance Support levels: 0.66071, 0.65918, 0.65765, 0.65613. Resistance levels: 0.66108, 0.66223, 0.66376, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65785 with the target at around 0.65613 and stop-loss at 0.65842. Long positions can be opened above the level of 0.66108 with the target at around 0.66223-0.66376 and stop-loss at 0.66018. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 24, 2019 Share Posted December 24, 2019 USD/CHF: TECHNICAL ANALYSIS 24.12.19 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. The price is approaching a strong resistance in the region of 0.98267. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.98419-98534. Alternative scenario The rebound from 0.98267 could lead the price back to 0.98114 support. The downward trend will be restored after the price is set below the level of 0.98071, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.97961-0.97809. Technical indicators Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.98114, 0.97961, 0.97809. Resistance levels: 0.98267, 0.98419, 0.98534. Trading recommendations Long positions can be opened above the level of 0.98267 with the target at around 0.98419-0.98534 and stop-loss at 0.98178. Short positions can be opened below the level of 0.98114 with the target at around 0.97961-0.97809 and stop-loss at 0.98215. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 24, 2019 Share Posted December 24, 2019 USD/CAD: TECHNICAL ANALYSIS 24.12.19 Current trend The USD/CAD pair begins today’s trading with a slight bullish bias. The price went up above the resistance level of 1.31531 and can grow further to the levels of 1.31756 and 1.31836. The level of 1.31836 is a strong resistance which can activate a downward rebound. Meanwhile, the breakout of this level will give a prospect of growth to the 1.32141 resistance. Alternative scenario The pullback below 1.31513 could lead the price back to 1.31360 support, which coincided with the middle line of Bollinger Bands. The decisive breakdown of 1.31360 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.31226-1.31015 Technical indicators Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is pointed upwards. Support and resistance Support levels: 1.31360, 1.31226, 1.31015, 1.30920. Resistance levels: 1.31531, 1.31836, 1.32141. Trading recommendations Short positions can be opened below the level of 1.31360 with the target at around 1.31226-1.31015 and stop-loss at 1.31475. Long positions can be opened above the level of 1.31536 with the target at around 1.31836 and stop-loss at 1.31436. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 24, 2019 Share Posted December 24, 2019 EUR/USD: TECHNICAL ANALYSIS 24.12.19 Current trend EUR/USD today continues to consolidate in the narrow side channel 1.10848-1.10935, but the general downward trend is still maintained. In case the pair manage to cross the support 1.10779, the decline will continue to the 1.10626 level. This level can activate an upward rebound. Meanwhile, pair’s sustained trading below 1.10626 level will give a prospect of decline to 1.10474, which is the key level for the sellers. Alternative scenario The rebound from 1.10761 and pullback above 1.10931 will be a sign of upward trend formation. In such a case scenario the level of 1.11084 will be a first strong resistance, which can prevent the instrument from growing. The breakout of this mark will be a key trigger for bullish traders and accelerate the pair towards 1.112237-1.11389. Technical indicators The technical picture is mixed. Bollinger Bands are pointed downwards. MACD is decreasing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 1.10779, 1.10626, 1.10474. Resistance levels: 1.10931, 1.11084, 1.11237,1.11389. Trading recommendations Short positions can be opened below the level of 1.10779 with the target at around 1.10626-1.10474 and stop-loss at 1.10885. Long positions can be opened above the level of 1.10931 with the target at around 1.11237 and stop-loss at 1.10829. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 26, 2019 Share Posted December 26, 2019 AUD/USD: TECHNICAL ANALYSIS 26.12.19 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. Now the price is approaching a strong resistance in the region of 0.69275-0.69292. Assuming the pair’s ability to cross this area, the mark of 0.69380-0.69580 can be targeted if holding long positions. Alternative scenario Failure to conquer the 0.69275 mark seems fetching the AUD/USD to 0.69190 support. The key level for the sellers will be the 0.69090 mark (middle line of Bollinger bands). Further close below this level may push AUD/USD even lower towards the area of 0.68970-0.68850. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD stabilized in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.69190, 0.69090, 0.68970, 0.68850. Resistance levels: 0.69275, 0.69380, 0.69580. Trading recommendations Long positions can be opened above the level of 0.69275 with the target at around 0.69380-0.69580 and stop-loss at 0.69173. Short positions can be opened below the level of 0.69190 with the target at around 0.68970 and stop-loss at 0.69263. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 26, 2019 Share Posted December 26, 2019 USD/JPY: TECHNICAL ANALYSIS 26.12.19 Current trend Today's trade started with an upward gap. The price is approaching a strong resistance in the region of 109.570. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 109.635-109.766. Alternative scenario The rebound from 109.570 and pullback below 109.520 will be a sign of downward correction formation. In this case, the pair will have a potential for a further decline to 109.375 mark. This level is coincided with the middle line of Bollinger Bands and can activate an upward rebound. Meanwhile, the breakdown of the 109.375 and pair’s sustained trading below 109.329 will give a prospect of decline to 109.180-108.984 support zone. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 109.520, 109.375, 109.180. Resistance levels: 109.570, 109.766, 109.900. Trading recommendations Short positions can be opened below the level of 109.520 with the target at around 109.375-109.180 and stop-loss at 109.633. Long positions can be opened above the level of 109.570 with the target at around 109.766-109.900 and stop-loss at 109.460. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 26, 2019 Share Posted December 26, 2019 GBP/USD: TECHNICAL ANALYSIS 26.12.19 Current trend The GBP/USD pair begins today’s trading with an upward gap. Now the pair is trading above the middle line of the Bollinger Bands (1.29840) suggesting bullish momentum. The level of 1.30005 can be the first hurdle, that can prevent the growth of quotes. However, the decisive break of this level is needed to indicate the upward trend resumption. In this case, the next target of buyers will be the level of 1.30313-1.30615. Alternative scenario The rebound from 1.30005 and pullback below 1.29700 will be a signal for downward correction and lead the price back to 1.29395 mark. This mark seems a key level for the sellers in a short term period. There is a chance of an upward rebound around this level, while breakdown and pair' sustained trading below 1.29213 would allow the fall to continue to the area of 1.28784. Technical indicators Technical indicators mostly maintain a buy signal. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Bollinger Bands are pointed sideways. Support and resistance Support levels: 1.29840, 1.29531, 1.29395, 1.29213, 1.28784. Resistance levels: 1.30005, 1.30313. 1.30615. Trading recommendations Short positions can be opened below the level of 1.29700 with the target at around 1.29531-1.29395 and stop-loss at 1.29801. Long positions can be opened above the level of 1.30005 with the target at around 1.30313 and stop-loss at 1.29905. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 27, 2019 Share Posted December 27, 2019 EUR/JPY: TECHNICAL ANALYSIS 27.12.19 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands and is approaching the strong resistance 121.875. There is a high chance of a downward rebound, while its breakout will let the price to grow to the resistance area of 122.150-122.266. Alternative scenario The downward rebound from 121.875 resistance and pullback below the 121.700 will be a sign of downward correction formation and give a prospect of decline to 121.563 support. The downward trend will be restored after the price is set below the level of 121.370, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 121.094. Technical indicators Technical indicators maintain 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 in the oversold area and is pointed downwards, reflecting the high possibility of the downward correction formation. Support and resistance Support levels: 121.700, 121.563, 121.370, 121.094. Resistance levels: 121.875, 122.150, 122.266. Trading recommendations Short positions can be opened below the level of 121.563 with the target at around 121.370-121.300 and stop-loss at 121.650. Long positions can be opened above the level of 121.875 with the target at around 122.150 and stop-loss at 121.783. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 27, 2019 Share Posted December 27, 2019 XAU/USD: TECHNICAL ANALYSIS 27.12.19 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. There is a potential for growth to 1515.63 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 1515.63 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1517.60-1518.00. Alternative scenario Failure to conquer the 1515.63 mark seems fetching the XAU/USD to 1509.11 support but its further downside might be confined by the 1507.81 support. The downward trend will be restored after the price is set below the level of 1506.53. In this case, the sellers will aim for the 1503.38. 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 the upward movement. Support and resistance Support levels: 1509.11, 1507.81, 1506.53, 1503.38. Resistance levels: 1513.88, 1515.63, 1517.60, 1518.00. Trading recommendations Short positions can be opened below the level of 1509.11 with the target at around 1507.81-1506.53 and stop-loss at 1510.11. Long positions can be opened above the level of 1513.88 with the target at around 1515.63 and stop-loss at 1513.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 27, 2019 Share Posted December 27, 2019 NZD/USD: TECHNICAL ANALYSIS 27.12.19 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands and approaching the resistance 0.66833. Judging by the downward reversal Stochastic in the overbought zone, a downward correction is possible soon. However, the breakout of 0.66833 and pair’s sustained trading above it will be a signal for bullish traders and give a prospect of growth to the 0.67139. Alternative scenario The rebound from 0.66833 and pullback below 0.66681 will be a sign of downward correction formation and lead the price back to 0.66528. level. This mark will be an important line of support to watch in the short-term. There is a chance of an upward rebound, while its breakdown would push NZD/USD even lower towards the level of 0.66370, which coincided with the middle line of Bollinger Bands. 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’s lines are in the overbought zone and are pointed downwards, signaling the development of a downward correction. Support and resistance Support levels: 0.66731, 0.66528, 0.66370, 0.66233. Resistance levels: 0.66833, 0.67139, 0.67444. Trading recommendations Short positions can be opened below the level of 0.66681 with the target at around 0.66528-0.66370 and stop-loss at 0.66784. Long positions can be opened above the level of 0.66833 with the target at around 0.67139 and stop-loss at 0.66731. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 30, 2019 Share Posted December 30, 2019 USD/CHF: TECHNICAL ANALYSIS 30.12.19 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. If the current trend maintains, the next target of the sellers will be 0.97046 support. This mark can prevent the instrument from falling, as the possibility of the upward reverse of the price is high there. However, the decisive break of 0.97000 will be a signal for downward trend resumption and give a prospect of decline to 0.96700-0.96500. Alternative scenario The pullback above 0.97351 will be a sign of upward correction formation. In this case, the growth can continue to the area of 0.97561-0.97656 resistance. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.97961 level. 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 is growing in the negative zone. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.97192, 0.97046, 0.96700, 0.96500. Resistance levels: 0.97351, 0.97561, 0.97656, 0.97961. Trading recommendations Short positions can be opened below the level of 0.97192 with the target at around 0.97046-0.96900 and stop-loss at 0.97289 Long positions can be opened above the level of 0.97351 with the target at around 0.97656 and stop-loss at 0.97249. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 30, 2019 Share Posted December 30, 2019 USD/CAD: TECHNICAL ANALYSIS 30.12.19 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands and is approaching the 1.30615 support. Assuming the pair’s ability to cross this mark, the level of 1.30463 can be targeted if holding short positions. The area of 1.30463-1.30310 seems a strong support area, that can activate a price reverse. Meanwhile, the breakdown and pair’s sustained trading below 1.30300 will be a key trigger for the sellers and accelerate the downward movement. Alternative scenario The upward rebound from 1.30615 and pullback above 1.30768 will be a sign for upward correction formation and give a prospect of growth to the level of 1.30920. One may speak about upward movement continuation after the price consolidates above the support level of 1.30957. In this case, the next targets of buyers will be the level of 1.31073-1.31226. 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 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: 1.30615, 1.30463, 1.30310. Resistance levels: 1.30768, 1.30920, 1.31073, 1.31226. Trading recommendations Short positions can be opened below the level of 1.30615 with the target at around 1.30463-1.30310 and stop-loss at 1.30716. Long positions can be opened above the level of 1.30768 with the target at around 1.30920-1.31073 and stop-loss at 1.30665. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 30, 2019 Share Posted December 30, 2019 EUR/USD: TECHNICAL ANALYSIS 30.12.19 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 1.12103. This level can prevent the instrument from growing, as the possibility of the downward correction of the price is high there. However, the decisive break of 1.12103 is needed to indicate uptrend resumption. In this case, the next targets of buyers will be the level of 1.12305-1.12415. Alternative scenario If the sellers manage to decline the rate below the level of 1.11911, the correction can continue to the area of 1.11694. This mark seems a key support zone in the short term period. There is a chance of an upward rebound, while its breakdown would accelerate the decline in direction of 1.11389 support. Technical indicators Technical indicators maintain 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 in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.11911, 1.11694, 1.11389. Resistance levels: 1.12103, 1.12305, 1.12610. Trading recommendations Short positions can be opened below the level of 1.11911 with the target at around 1.11694 and stop-loss at 1.11983. Long positions can be opened above the level of 1.12103 with the target at around 1.12305 -1.12415and stop-loss at 1.11999. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 31, 2019 Share Posted December 31, 2019 AUD/USD: TECHNICAL ANALYSIS 31.12.19 Current trend On the 4-hour chart, the AUD/USD pair shows a moderate positive dynamic. At the moment the price has met the resistance at the level of 0.70063. The general upward trend is still maintained, but the slightly overbought conditions on the chart could be a sign if of downward correction formation. The breakout of 0.70063 and the pair’s sustained trading above it will let the price grow to the area of 0.70190-0.70496 resistance. Alternative scenario The pullback below 0.69885 will be a sign of a downward correction's extension and give a prospect of decline to 0.69670 support area. Should prices continue slipping under 0.67650, the level of 0.69580 might try activating an upward rebound. Technical indicators Technical indicators maintain a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone. Stochastic is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 0.69885, 0.69680, 0.69580. Resistance levels: 0.70063, 0.70190, 0.70496. Trading recommendations Short positions can be opened below the level of 0.69885 with the target at around 0.69680-0.69580 and stop-loss at 0.69986. Long positions can be opened above the level of 0.70063 with the target at around 0.70190-0.70496 and stop-loss at 0.69918. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 31, 2019 Share Posted December 31, 2019 USD/JPY: TECHNICAL ANALYSIS 31.12.19 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price has tested the support level of 108.619 and was slightly corrected upwards, but the downward trend maintains. The key bearish target will be the 108.594 support. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 108.398-108.271. Alternative scenario The upward rebound from 105.594 area and pullback above 108.700 will be a sign of upward correction formation and give a prospect of growth to 108.789 resistance. The decisive breakout of 108.789 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 108.880-108.984. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 108.594, 108.398, 108.271. Resistance levels: 108.789, 108.880, 108.984. Trading recommendations Short positions can be opened below the level of 108.594 with the target at around 108.271 and stop-loss at 108.701. Long positions can be opened above the level of 108.789 with the target at around 108.984 and stop-loss at 108.724. Link to comment Share on other sites More sharing options...
Andy.atx Posted December 31, 2019 Share Posted December 31, 2019 GBP/USD: TECHNICAL ANALYSIS 31.12.19 Current trend The GBP/USD pair begins today’s trading with a slight bullish bias. At the moment the price has met the resistance at the level of 1.31354. The instrument has the potential for upward movement, but the downward correction is not excluded. If the "bulls" manage to raise the rate above the level of 1.31360, the upward movement can continue to the area of 1.31496, 1.31836. The area of 1.31836 will be a key bullish target, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario The downward rebound from 1.31354 and pullback below 1.31287 will be a sign of downward correction and give a prospect of decline to 1.30855-1.30615 support. This mark is coincided with the middle line of Bollinger Bands and can activate an upward rebound. However, the decisive break of 1.30615 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.30313-1.30005. Technical indicators Technical indicators maintain a buy signal. but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is growing in the negative 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: 1.31287, 1.30855, 1.30615, 1.30313. Resistance levels: 1.31354, 1.31496, 1.31836. Trading recommendations Short positions can be opened below the level of 1.31287 with the target at around 1.30855 and stop-loss at 1.31431. Long positions can be opened above the level of 1.31354 with the target at around 1.31496-1.31836 and stop-loss at 1.31193. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 2, 2020 Share Posted January 2, 2020 EUR/JPY: TECHNICAL ANALYSIS 02.01.2020 Current trend The EUR/JPY pair starred today’s trading with a slight downward gap. The instrument is now testing the support level of 121.782. The breakdown of this level can accelerate the pair's decline towards 121.680 support. This level can activate an upward rebound, while its breakdown would give the prospect of decline to 121.484 support. Alternative scenario The upward rebound from 121.680 and the pair’s sustained trading above 121.875 will be a sign of upward correction formation and give a prospect of growth to the 122.070 resistance. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 122.266-122.348. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 121.782, 121.680, 121.484, 121.289. Resistance levels: 121.875, 122.070, 122.266, 122.348. Trading recommendations Short positions can be opened below the level of 121.782 with the target at around 121.680-121.484 and stop-loss at 121.881. Long positions can be opened above the level of 121.875 with the target at around 122.070-122.266 and stop-loss at 121.744. Link to comment Share on other sites More sharing options...
Andy.atx Posted January 2, 2020 Share Posted January 2, 2020 XAU/USD: TECHNICAL ANALYSIS 02.01.20 Current trend On the 4-hour chart, the instrument shows a moderate negative dynamic. The breakdown and pair’s sustained trading below 1519.57 – 1517.58 will let the price to decline to the area of 1515.63, 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 1513.67. Alternative scenario The pullback above 1521.48 will give a prospect of growth to the area of 1523.44-1524.81 resistance. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive break of 1524.81 is needed to indicate the uptrend resumption. In this case, the next targets of buyers will be the level of 1527.34. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed sideways. MACD volumes are decreasing 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: 1519.57, 1517.58, 1515.63, 1513.67. Resistance levels: 1521.48, 1523.44, 1524.81, 1527.34. Trading recommendations Short positions can be opened below the level of 1519.57 with the target at around 1517.63-1515.63 and stop-loss at 1520.87. Long positions can be opened above the level of 1521.48 with the target at around 1523.44-1524.81 and stop-loss at 1520.48. Link to comment Share on other sites More sharing options...
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