Andy.atx Posted March 2, 2020 Share Posted March 2, 2020 EUR/JPY: TECHNICAL ANALYSIS 02.03.20 Current trend EUR/JPY quotes attempted to grow, but reaching 119.827 marks moved to a decline. The price went down below 119.531 support and can decline further to 119.141 support-line. Should prices continue slipping under this level, the next key target of the pair will be 118.750 support mark. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to 118.359 level. Alternative scenario The upward trend will be restored after the price is set above the resistance level of 119.960, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 120.313. This mark seems a key “bullish” level for the short-term period. The breakout of it can activate a fresh buyers activity, that will push the price even higher towards the 120.703 resistance. Technical indicators The technical picture is mixed. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in the negative zone., keeping a sell signal. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 119.141, 119.000, 118.750, 118.359. Resistance levels: 119.531, 119.960, 120.313, 120.703. Trading recommendations Short positions can be opened below the level of 119.141 with the target at around 119.000-118.850 and stop-loss at 119.238. Long positions can be opened above the level of 119.960 with the target at around 120.313 and stop-loss at 119.840. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 2, 2020 Share Posted March 2, 2020 XAU/USD: TECHNICAL ANALYSIS 02.03.20 Current trend The XAU/USD pair begins today’s trading with a bullish bias due to correction. The price went up above the level of 1600.00 and can grow further to the level of 1609.38. This level can activate a downward rebound of the price. Meanwhile, the breakout of 1609.38 can trigger a pair’s fresh run-up to a local high surrounding 1616.93-1625.00 resistance. Alternative scenario The downward rebound from 1609.38 could lead the price back to 1593.75 support. One may speak about downward movement continuation after the price consolidates below the support level of 1590.00. In this case, the sellers will aim for the area of 1585.00-1578.13 support level. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in 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: 1593.75, 1590.00, 1578.13, 1562.50. Resistance levels: 1609.38, 1616.93, 1625.00. Trading recommendations Short positions can be opened below the level of 1590.00 with the target at around 1585.00 and stop-loss at 1591.60. Long positions can be opened above the level of 1609.38 with the target at around 1616.93 and stop-loss at 1607.40. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 2, 2020 Share Posted March 2, 2020 NZD/USD: TECHNICAL ANALYSIS 02.03.20 Current trend NZD/USD is in the stage of upward correction after falling to the level of 0.61905, but the downward general downward trend is still maintained. At the moment the price has met the resistance at the level of 0.62472. The downward rebound from this mark and price sustained move below 0.62256 level will be a sign of downward movement resumption and let the price re-test the 0.61905 support. The breakdown of this level is needed to indicate the downward trend resumption and give a prospect of decline to 0.61600-0.61300 support area, Alternative scenario If the "bulls" manage to raise the rate above the level of 0.62472, the correction can continue to the area of 0.62644-0.62866. This area seems s key zone of the upward correction movement and can activate a downward rebound of the price. However, the breakout of 0.62900 will be a signal of the upward trend formation. In this case, the buyers will aim for the level of 0.63334-0.63477 resistance area. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.62256, 0.61905, 0.61600, 0.61300. Resistance levels: 0.62472, 0.62644, 0.62866, 0.63334. Trading recommendations Short positions can be opened below the level of 0.62256 with the target at around 0.61905 and stop-loss at 0.62370. Long positions can be opened above the level of 0.62472 with the target at around 0.62644-0.62750and stop-loss at 0.62380. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 3, 2020 Share Posted March 3, 2020 USD/CHF: TECHNICAL ANALYSIS 03.03.20 Current trend USD/CHF quotes today continues to consolidate in the narrow side channel 0.95705-0.95964 after a significant decline over the past two weeks. The instrument has the potential to further decline, but the upward correction is not excluded. If the "bulls" manage to raise the rate above the level of 0.95964, the correction can continue to the area of 0.96130. The breakout of this level can accelerate the pair towards 0.96436 resistance line, which coincided with the middle line of Bollinger Bands. Alternative scenario The breakdown of 0.95705 will let the price re-test the 0.95429 support line. The downward trend will be restored after the price is set below the level of 0.95400. In this case, the next targets of sellers will be the level of 0.95212-0.95000. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.95705, 0.95429, 0.95212, 0.95000. Resistance levels: 0.95825, 0.96130, 0.96436. Trading recommendations Short positions can be opened below the level of 0.95705 with the target at around 0.95429 and stop-loss at 0.95790. Long positions can be opened above the level of 0.96130 with the target at around 0.96436 and stop-loss at 0.96030. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 3, 2020 Share Posted March 3, 2020 USD/CAD: TECHNICAL ANALYSIS 03.03.20 Current trend On 4-hour chart, USD/CAD is trading below its middle line of Bollinger Bands suggesting bearish momentum. Now the pair nears 1.33362-1.33177 support. The breakdown of the lower border will let the price decline to 1.33057 level, which is the key target of the sellers in the short-term period. There is a chance of an upward reverse of the price, while its breakdown and pair’s sustained trading below it would give a prospect of decline to the 1.32751 level. Alternative scenario The upward trend will be restored after the price is set above the level of 1.33667, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 1.33972. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed sideways. Support and resistance Support levels: 1.33362, 1.33057, 1.32751. Resistance levels: 1.33667, 1.33972, 1.34277. Trading recommendations Short positions can be opened below the level of 1.33362 with the target at around 1.33057 and stop-loss at 1.33460. Long positions can be opened above the level of 1.33667 with the target at around 1.33972 and stop-loss at 1.33570. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 3, 2020 Share Posted March 3, 2020 EUR/USD: TECHNICAL ANALYSIS 03.03.20 Current trend The EUR/USD price has tested the resistance level of 1.11841 and was corrected downwards to the area of 1.11300, but the general upward trend maintains. The return above 1.11694 will let the price re-test yesterday high at 1.11841. The breakout of this mark will be a signal for upward trend resumption and give a prospect of growth to the next local highs around the 1.12000-1.12305 resistance area. Alternative scenario The pullback below 1.11300 support will be a sign of downward correction development and let the price decline to 1.11084 support. The breakdown of this level and a sustained move below it will give a prospect of decline to 1.10474 level. The area of 1.10474-1.10350 seems a key zone of the downward correction. There is a high chance of an upward rebound, while its decisive breakdown would allow the fall to continue to the area of 1.09863. 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 has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.11300, 1.11084, 1.10474, 1.10350. Resistance levels: 1.11694, 1.11841, 1.12000, 1.12305. Trading recommendations Short positions can be opened below the level of 1.11084 with the target at around 1.10700 and stop-loss at 1.11212. Long positions can be opened above the level of 1.11841 with the target at around 1.12000-1.12150 and stop-loss at 1.11750. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 4, 2020 Share Posted March 4, 2020 AUD/USD: TECHNICAL ANALYSIS 04.03.20 Current trend AUD/USD is in the stage of a downward correction after growing to the level of 0.66447, but the general upward trend is still maintained. If the sellers manage to decline the rate below the level of 0.65918, the correction can continue to the area of 0.65764-0.65613. Judging by the downward reversal of the Stochastic, this case scenario is possible soon. Alternative scenario The upward rebound from 0.65918 support could lead the price back to 0.66223 resistance. The area of 0.66223-0.66447 seems a strong resistance area, which can activate a downward reverse of the price. Meanwhile, the decisive breakout of 0.66447 could trigger a pair’s fresh run-up to a new local high surrounding 0.66528-0.66833. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.65918, 0.656313, 0.65308. Resistance levels: 0.66223, 0.66528, 0.66833. Trading recommendations Short positions can be opened below the level of 0.65918 with the target at around 0.65613 and stop-loss at 0.66019. Long positions can be opened above the level of 0.66223 with the target at around 0.66528 and stop-loss at 0.66121. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 4, 2020 Share Posted March 4, 2020 USD/JPY: TECHNICAL ANALYSIS 04.03.20 Current trend USD/JPY is in the stage of upward correction after falling to the level of 106.838, but the general downward trend is still maintained. The first strong support on the way of upward correction will be the 107.813 mark, which is located near the middle line of Bollinger bands. There is a high chance of a downward rebound. However, the decisive breakout of 107.813 will be a signal of the upward trend resumption and let the price grow to the area of 108.196-108.594. Alternative scenario The downward rebound from 107.500 resistance could lead the price back to 107.031 support. One may speak about downward movement continuation after the price consolidates below the level of 107.000. In this case, the sellers will aim for the level of 106.700-106.400 support zone. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are converging 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: 107.031, 106.700, 106.400. Resistance levels: 107.813, 108.196, 108.594. Trading recommendations Short positions can be opened below the level of 107.000 with the target at around 106.700 and stop-loss at 107.100. Long positions can be opened above the level of 107.813 with the target at around 108.196 and stop-loss at 107.685. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 4, 2020 Share Posted March 4, 2020 GBP/USD: TECHNICAL ANALYSIS 04.03.20 Current trend GBP/USD quotes attempted to grow, but reaching 1.28296 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 1.28017, the decline can continue to the area of 1.27869. The level of 1.27563 will be a key sellers mark for the short term period. There is a chance of an upward rebound, while its breakdown will accelerate the plunge towards 1.27371-1.26953. Alternative scenario The upward rebound from 1.28064 and pullback above 1.28296 will be a signal of upward trend resumption and give a prospect of growth to the area of 1.28501-1.28784. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic lines are pointed downwards. Support and resistance Support levels: 1.28017, 1.27869, 1.27563, 1.26953. Resistance levels: 1.28296, 1.28501, 1.28784. Trading recommendations Short positions can be opened below the level of 1.28017 with the target at around 1.27869-1.27700 and stop-loss at 1.28122. Long positions can be opened above the level of 1.28296 with the target at around 1.28501-1.28600 and stop-loss at 1.28200. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 5, 2020 Share Posted March 5, 2020 EUR/JPY: TECHNICAL ANALYSIS 05.03.20 Current trend EUR/JPY quotes attempted to grow, but reaching 119.990 mark moved to a decline. At the moment the price has met the support at the level of 119.469. If the sellers manage to decline the rate below it, the decline can continue to the area of 119.141-119.014. The breakdown of the lower border can trigger a pair' active decline to the area of 118.750. Alternative scenario The upward rebound from 119.531 and the pair’s sustained trading above 119.668 will be a signal of the upward correction formation and let the price grow to the area of 119.807, which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the resistance level of 119.922. In this case, the next targets of buyers will be the area of 120.313 level. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 119.469, 119.141, 119.014, 118.750. Resistance levels: 119.668, 119.807, 119.922, 120.313. Trading recommendations Short positions can be opened below the level of 119.469 with the target at around 119.141 and stop-loss at 119.570. Long positions can be opened above the level of 119.922 with the target at around 120.313 and stop-loss at 119.790. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 5, 2020 Share Posted March 5, 2020 XAU/USD: TECHNICAL ANALYSIS 05.03.20 Current trend Today XAU/USD quotes continue to consolidate in the narrow side channel with the borders 1634.91-1640.71. Meanwhile, the potential of the upward movement is maintained. The breakout of the upper border of the channel will give a prospect of growth to the area of 1649.24-1656.25. Alternative scenario However, the downward reversal of the Stochastic indicates a downward correction formation. The breakdown of 1634.91 and a sustained move below it will be a signal of the downward dynamic resumption and let the price decline to 1625.00 support. The area of 1625.00-1620.25 ( the middle line of Bollinger Bands) is the key target of the downward correction movement, which can activate an upward reverse of the price. However, the breakdown of this level will be a signal of downward trend resumption. In this case, the sellers will aim for a 1609.38 support zone. 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 pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1634.91, 1625.00, 1620.25. Resistance levels: 1640.71, 1649.24, 1656.25. Trading recommendations Short positions can be opened below the level of 1634.91 with the target at around 1625.00 and stop-loss at 1637.90. Long positions can be opened above the level of 1640.71 with the target at around 1646.00 and stop-loss at 1639.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 5, 2020 Share Posted March 5, 2020 NZD/USD: TECHNICAL ANALYSIS 05.03.20 Current trend On the 4-hour chart, the instrument is trading with a slight bullish bias. If the "bulls" manage to raise the rate above the level of 0.63000, the correction can continue to the area of 0.63171-0.63272. This area seems a strong resistance zone, which can activate a downward rebound. Meanwhile, the breakout of the 0.63272 and pair’s sustained trading above it will give a prospect of growth to the area of 0.63477 level. Alternative scenario The pullback below 0.62866 support will be a sign of the downward correction formation and let the price decline to 0.62690 support line. This mark is coincided with the middle line of Bollinger Bands and can activate an upward rebound. One may speak about downward movement continuation after the price consolidates below the support level of 0.62690. In this case, the next targets of sellers will be the level of 0.62561, 0.62256. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.62866, 0.62690, 0.62561, 0.62256. Resistance levels: 0.63171, 0.63477, 0.63782. Trading recommendations Short positions can be opened below the level of 0.62690 with the target at around 0.62561-0.62400 and stop-loss at 0.62786. Long positions can be opened above the level of 0.63171 with the target at around 0.63477 and stop-loss at 0.63069. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 6, 2020 Share Posted March 6, 2020 (ENGLISH) USD/CHF: TECHNICAL ANALYSIS 06.03.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price went down below the support level of 0.94604 and can fall further to the level of 0.94300-0.94000. There is a high chance of an upward rebound from this area, while its breakdown would accelerate the downward trend. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.94604, the correction can continue to the area of 0.94902 resistance. The breakout of this level and consolidation above it will give the prospect of growth to the level of 0.95215. This mark will be a key level for the buyers in the short-term period. 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: 0.94300, 0.94000, 0.93700. Resistance levels: 0.94604, 0.94902, 0.95215. Trading recommendations Short positions can be opened below the level of 0.94300 with the target at around 0.94000 and stop-loss at 0.94400. Long positions can be opened above the level of 0.94604 with the target at around 0.94902 and stop-loss at 0.94505. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 6, 2020 Share Posted March 6, 2020 (ENGLISH) USD/CHF: TECHNICAL ANALYSIS 06.03.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price went down below the support level of 0.94604 and can fall further to the level of 0.94300-0.94000. There is a high chance of an upward rebound from this area, while its breakdown would accelerate the downward trend. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.94604, the correction can continue to the area of 0.94902 resistance. The breakout of this level and consolidation above it will give the prospect of growth to the level of 0.95215. This mark will be a key level for the buyers in the short-term period. 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: 0.94300, 0.94000, 0.93700. Resistance levels: 0.94604, 0.94902, 0.95215. Trading recommendations Short positions can be opened below the level of 0.94300 with the target at around 0.94000 and stop-loss at 0.94400. Long positions can be opened above the level of 0.94604 with the target at around 0.94902 and stop-loss at 0.94505. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 6, 2020 Share Posted March 6, 2020 USD/CAD: TECHNICAL ANALYSIS 06.03.20 Current trend USD/CAD quotes attempted to decline, but reaching 1.33856 mark moved to growth again. The pair is still trading above its middle line of Bollinger bands suggesting bullish momentum. The breakout of 1.34126 resistance will let the price re-test the 1.34277 level. This mark seems a key “bullish” level for a short time period. The consolidation above it will give the prospect of growth to the levels of 1.34583 resistance. Alternative scenario The downward trend will be restored after the price is set below the level of 1.33667 level, which is around the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.33362. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are converging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.33972, 1.33667, 1.33362. Resistance levels: 1.34277, 1.34583, 1.34888. Trading recommendations Short positions can be opened below the level of 1.33667 with the target at around 1.33362 and stop-loss at 1.33760. Long positions can be opened above the level of 1.34277 with the target at around 1.34583 and stop-loss at 1.34170. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 6, 2020 Share Posted March 6, 2020 EUR/USD: TECHNICAL ANALYSIS 06.03.20 Current trend EUR/USD is in the stage of a downward correction after growing to the level of 1.12483, but the general upward trend is still maintained. The breakout of 1.12483 will be a signal of the upward trend resumption and give a prospect of growth to the area of 1.12630- 1.12915. This zone 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 the strong support level of 1.12305, the correction can continue to the area of 1.11914. The key target of the correction movement will be the mark of 1.11694, which coincided with the middle line of Bollinger Bands. There is a high chance of a downward rebound, while its breakdown would allow the decline to continue to the area of 1.11084. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.12305, 1.11914, 1.11694, 1.11084. Resistance levels: 1.12483, 1.12630, 1.12915. Trading recommendations Short positions can be opened below the level of 1.12305 with the target at around 1.12000 and stop-loss at 1.12400. Long positions can be opened above the level of 1.12483 with the target at around 1.12750 and stop-loss at 1.12394. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 10, 2020 Share Posted March 10, 2020 EUR/JPY: TECHNICAL ANALYSIS 10.03.20 Current trend On the 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 118.750 and can grow further to level 119.531. Assuming the pair’s ability to cross this level, the mark of 119.878 can be targeted if holding long positions. This level can activate a downward rebound of the price. However, the decisive breakout of 119.878 will be a signal of the upward trend resumption and give a prospect of growth to the area of 120.313 resistance. Alternative scenario The downward rebound from 119.531 could lead the price back to 118.750 support. The breakdown and pair’s sustained trading below it will be a sign of the downward correction formation and let the price fall to the area of 118.240-117.969 support. One may speak about downward movement continuation after the price consolidates below the support level of 117.900. In this case, the next targets of sellers will be the level of 117.188. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 118.750, 118.400, 118.240, 117.969. Resistance levels: 119.224, 119.531, 119.878, 120.313. Trading recommendations Short positions can be opened below the level of 118.750 with the target at around 118.400 and stop-loss at 118.866. Long positions can be opened above the level of 119.224 with the target at around 119.531 and stop-loss at 119.130. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 10, 2020 Share Posted March 10, 2020 XAU/USD: TECHNICAL ANALYSIS 10.03.20 Current trend The XAU/USD pair begins today’s trading with a bearish bias. The pair tested the local minimum at 1653.46 and was slightly corrected upwards, but the general downward trend maintains. The area of 1656.25-1653.46 seems a strong support-zone, which can activate an upward rebound. Meanwhile, the breakdown of the 1653.46 and pair’s sustained trading below it can accelerate the rates towards 1648.44 support-line. Alternative scenario The upward rebound from 1656.25 will let the price re-test the 1664.08 resistance. The breakout of this level will be a sign of the upward correction and give a prospect of growth to the area of 1671.88, which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above this level. In this case, the next targets of buyers will be the level of 1679.69 resistance. 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 is pointed downwards. Support and resistance Support levels: 1656.25, 1653.46, 1648.44, 1640.63. Resistance levels: 1664.06, 1671.88, 1679.69. Trading recommendations Short positions can be opened below the level of 1653.46 with the target at around 1648.44 and stop-loss at 1654.70. Long positions can be opened above the level of 1664.06 with the target at around 1671.88 and stop-loss at 1661.80. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 10, 2020 Share Posted March 10, 2020 NZD/USD: TECHNICAL ANALYSIS 10.03.20 Current trend NZD/USD is in the stage of a downward correction after growing to the level of 0.64470. The price went down below the level of 0.63190 (middle line of Bollinger Bands) and can fall further to the levels of 0.62866. This level will be a key mark for the sellers in the short-term period. There is a chance of an upward rebound, while its breakdown will be a signal of the downward trend resumption and let the price decline to the area of 0.62435-0.62256. Alternative scenario The upward rebound from 0.63190 and pullback above 0.63477 will be a signal of the upward movement resumption and let the price grow to the area of 0.63788-0.64087 resistance. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of the upper border will give a prospect of growth to yesterday's high surrounding 0.64470 resistance. Technical indicators Technical indicators 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: 0.62866, 0.62435, 0.62256. Resistance levels: 0.63477, 0.63788, 0.64087. Trading recommendations Short positions can be opened below the level of 0.62866 with the target at around 0.62435 and stop-loss at 0.63009. Long positions can be opened above the level of 0.63477 with the target at around 0.63788 and stop-loss at 0.63380. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 11, 2020 Share Posted March 11, 2020 USD/CHF: TECHNICAL ANALYSIS 11.03.20 Current trend USD/CHF quotes attempted to grow, but reaching 0.94103 mark moved to a decline. The instrument is now testing the level of 0.93384, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 0.93079 can be targeted if holding short positions. The key sellers' level for the short time period will be the 0.92773 mark. There is a high chance of an upward rebound, while its breakdown would accelerate the decline to the area of 0.92468 level. Alternative scenario If the instrument cannot consolidate below the level of 0.93384 during the short-term period, the correction to the area of the level of 0.93689-0.93994 can develop. The breakout of the upper border will be a signal of the upward trend resumption and let the price grow to the area of 0.94299-0.94604. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing 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: 0.93384, 0.93079, 0.92773, 0.92468. Resistance levels: 0.93689, 0.93994, 0.94299, 0.94604. Trading recommendations Short positions can be opened below the level of 0.93384 with the target at around 0.93079 and stop-loss at 0.93487. Long positions can be opened above the level of 0.93689 with the target at around 0.93994 and stop-loss at 0.93587. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now