Andy.atx Posted March 11, 2020 Report Share Posted March 11, 2020 USD/CAD: TECHNICAL ANALYSIS 11.03.20 Current trend USD/CAD is in the stage of a downward correction after growing to the level of 1.37952. If the current dynamic maintains, the next target of the sellers will be 1.36719 support. This level can activate an upward rebound. However, the decisive breakdown of 1.36700 will trigger a pair's active decline to the area of 1.36400-1.36108 support. Alternative scenario The upward rebound from 1.36719 and pullback above 1.37202 will give a prospect of growth to the 1.37452-1.37939 resistance area. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.38000. In this case, the buyers will aim for the level of 1.38300-1.38500. 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: 1.36719, 1.36400, 1.36108. Resistance levels: 1.37202, 1.37452, 1.37939, 1.38300. Trading recommendations Short positions can be opened below the level of 1.36719 with the target at around 1.36400 and stop-loss at 1.36820. Long positions can be opened above the level of 1.37452 with the target at around 1.37939 and stop-loss at 1.37289. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 11, 2020 Report Share Posted March 11, 2020 EUR/USD: TECHNICAL ANALYSIS 11.03.20 Current trend EUR/USD price is restoring after the fall to the level of 1.12745. The price is approaching a strong resistance in the region of 1.13525, 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 1.14008. Alternative scenario The downward rebound from the middle line of Bollinger Bands (1.13525) and pullback below 1.13220 support could lead the price back to 1.12915-1.12745 support area. The breakdown of the lower border will be a signal of downward trend resumption and let the price decline to the key sellers level at1.12305. Technical indicators Technical indicators mostly maintain a buy signal. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.13220, 1.12915, 1.12745, 1.12305. Resistance levels: 1.13525, 1.13853, 1.14008, 1.14300. Trading recommendations Short positions can be opened below the level of 1.13220 with the target at around 1.12915 and stop-loss at 1.13320. Long positions can be opened above the level of 1.13525 with the target at around 1.13853 and stop-loss at 1.13420. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 12, 2020 Report Share Posted March 12, 2020 AUD/USD: TECHNICAL ANALYSIS 12.03.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. Now the price is trading below the 0.64697 support and has the potential of a further decline to the 0.64330 support. There is a chance of an upward correction from this level, while its breakdown will give a prospect of decline to the 0.64087 support. Alternative scenario The upward rebound from the 0.64330 support and pullback above 0.64700 will be a signal of the upward correction formation and let the price grow to the area of 0.64912, then 0.65308 (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. However, the decisive breakout of 0.65308 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the level of 0.65600-0.65918 resistance area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.64500, 0.64087, 0.63700, 0.63400. Resistance levels: 0.64697, 0.65000, 0.65300, 0.65600. Trading recommendations Short positions can be opened below the level of 0.64330 with the target at around 0.64087 and stop-loss at 0.64411. Long positions can be opened above the level of 0.64697 with the target at around 0.65000 and stop-loss at 0.64600. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 12, 2020 Report Share Posted March 12, 2020 USD/JPY: TECHNICAL ANALYSIS 12.03.20 Current trend USD/JPY is in the stage of upward correction after falling to the level of 103.085. The price went up above the level of 103.800 (the middle line of Bollinger Bands) and can grow further to the levels of 104.403 – 104.688. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakout of 104.688 supported by the technical indicator conditions will be a signal of the upward trend resumption and give a prospect of growth to the area of 105.100-105.469. Alternative scenario If USD/JPY cannot consolidate above the level of 104.688 the downward rebound and retest of the level 103.800 and 103.125 are possible. One may speak about downward movement continuation after the price consolidates below the support level of 103.000. In this case, the next targets of sellers will be the level of 102.700-102.344. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 103.800, 103.500, 103.125, 103.000. Resistance levels: 104.688, 105.100, 105.469. Trading recommendations Short positions can be opened below the level of 103.500 with the target at around 103.125 and stop-loss at 103.625. Long positions can be opened above the level of 104.688 with the target at around 105.100 and stop-loss at 104.554. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 12, 2020 Report Share Posted March 12, 2020 GBP/USD: TECHNICAL ANALYSIS 12.03.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic and testing the support level of 1.28100. Assuming the pair’s ability to cross this mark, the level of 1.27885-1.27563 can be targeted if holding short positions. Alternative scenario The upward rebound from 1.28100 will let the price re-test the resistance 1.28494. The breakout of this level will be a sign of the upward correction formation and let the price grow to the area of 1.28784, which seems a first strong resistance on the way up. In case the pair manage to cross this hurdle, the growth may continue to the 1.29000 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.28174, 1.27885, 1.27563. Resistance levels: 1.28494, 1.28784, 1.29000. Trading recommendations Short positions can be opened below the level of 1.28100 with the target at around 1.27800 and stop-loss at 1.28200. Long positions can be opened above the level of 1.28494 with the target at around 1.28784 and stop-loss at 1.28397. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 13, 2020 Report Share Posted March 13, 2020 EUR/JPY: TECHNICAL ANALYSIS 13.03.20 Current trend Today EUR/JPY price is moderately growing and is now approaching the resistance level of 118.750. This level seems a strong resistance, which can activate a downward rebound. However, the breakout of this level can accelerate the growth towards 119.213, then 119.531 resistance. Alternative scenario The downward rebound from 118.750 and pullback below 118.359 will be a sign of the downward correction development and give a prospect of decline to the 117.969 level, which coincided with the middle line of Bollinger Bands. One may speak about downward movement continuation after the price consolidates below the support level of 117.900. In this case, the next targets of sellers will be the area of 117.578-117.188 Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is actively decreasing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 118,359, 117.969, 117.578. Resistance levels: 118.750, 119.213, 119.531. Trading recommendations Short positions can be opened below the level of 118.359 with the target at around 117.969 and stop-loss at 118.480. Long positions can be opened above the level of 118.750 with the target at around 119.213 and stop-loss at 118.600. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 13, 2020 Report Share Posted March 13, 2020 XAU/USD: TECHNICAL ANALYSIS 13.03.20 Current trend XAU/USD price is restoring after the fall to the level of 1551.26. At the moment the price has met the resistance at the level of 1584.25. The breakout of this level will be a signal of the upward correction resumption and let the price grow to the area of 1593.75. Alternative scenario The downward rebound from the 1584.25 resistance and pullback below 1578.13 could lead the price back to 1562.50 support. Additionally, the pair’s sustained trading below this level will let the price re-test the 1551.26 level, which is an important line of support to watch in the short-term period. The breakdown of this level can trigger a pair's active decline to the area of 1546.88 support. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1562.50,1551.26, 1546.88, 1540.00. Resistance levels: 1578.13, 1584.25, 1593.75. Trading recommendations Short positions can be opened below the level of 1562.50 with the target at around 1654.00 and stop-loss at 1565.00. Long positions can be opened above the level of 1584.25 with the target at around 1593.75 and stop-loss at 1581.25. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 13, 2020 Report Share Posted March 13, 2020 NZD/USD: TECHNICAL ANALYSIS 13.03.20 Current trend NZD/USD is in the stage of upward correction after falling to the level of 0.60829, but the general downward trend is still maintained. The downward rebound from 0.61466 level could lead the price back to 0.61035-0.60829 support. The decisive breakdown of the lower border is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 0.60425. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.61646, the correction can continue to the area of 0.62000-0.62256. This area seems a main target of the upward correction and can activate a downward reverse of the price. However, the breakout of the 0.62256 and pair’s sustained trading above it will give a prospect of growth to the area of 0.62752. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.61035, 0.60829, 0.60425. Resistance levels: 0.61646, 0.62000, 0.62256, 0.62752. Trading recommendations Short positions can be opened below the level of 0.61035 with the target at around 0.60829-0.60700 and stop-loss at 0.61135. Long positions can be opened above the level of 0.61646 with the target at around 0.62000 and stop-loss at 0.61528. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 16, 2020 Report Share Posted March 16, 2020 USD/CHF: TECHNICAL ANALYSIS 16.03.20 Current trend The USD/CHF pair begins today’s trading with a downward gap. The quotes attempted to grow, but reaching 0.92246 resistance moved to a decline. If the current trend maintains, the pair will retest today's lows at 0.94604-0.94432. The downward trend will be restored after the price is set below the level of 0.94240, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.93994. Alternative scenario If the "bulls" manage to raise the rates above the level of 0.95246, the correction can continue to the area of 0.95683-0.95825 resistance. The decisive breakout of the upper border is needed to indicate the upward trend resumption. In this case, the pair will get a prospect of the growth to the area of 0.96436 resistance area. 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 pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.94604, 0.94432,0.93994, 0.93384. Resistance levels: 0.95215, 0.95683, 0.95825, 0.96000. Trading recommendations Short positions can be opened below the level of 0.94240 with the target at around 0.93994 and stop-loss at 0.94322. Long positions can be opened above the level of 0.95246 with the target at around 0.95600 and stop-loss at 0.95128. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 16, 2020 Report Share Posted March 16, 2020 USD/CAD: TECHNICAL ANALYSIS 16.03.20 Current trend USD/CAD price is restoring after the fall to the level of 1.37296. Now the price went up above the level of 1.38000 (the middle line of Bollinger Bands) and can grow further to level 1.39160. The breakout of this level will give a prospect of growth to the area of 1.39600-1.39941. There is a chance of a downward reverse of the price, while its breakout will be a signal of the upward correction resumption and accelerate the towards 1.32300. Alternative scenario The pullback below 1.38000 will be a sign of the downward correction resumption and give a prospect of decline to the 1.37296 support. The breakdown of this level will give a prospect of decline to the key bearish level around the1.36719 mark. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards, keeping a sell signal. Support and resistance Support levels: 1.38000, 1.37700, 1.37296, 1.37000, 1.36719. Resistance levels: 1.39160, 1.39600, 1.39941, 1.32300. Trading recommendations Short positions can be opened below the level of 1.38000 with the target at around 1.37700 and stop-loss at 1.38300. Long positions can be opened above the level of 1.39160 with the target at around 1.39500 and stop-loss at 1.39046. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 16, 2020 Report Share Posted March 16, 2020 EUR/USD: TECHNICAL ANALYSIS 16.03.20 Current trend EUR/USD quotes attempted to grow, but reaching 1.11928 marks moved to a decline. Pair’s sustained trading below 1.11084 will let the price re-test the 1.10842-1.10474 support area. The breakdown of the lower border will trigger a pair's active decline to the new lows surrounding 1.09863. Alternative scenario The upward rebound from 1.11084 and pullback above the level of 1.11694 will let the price grow to the area of 1.11928. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.12305 resistance, which seems a key “bullish” mark for the short-term period. There is a high chance of a downward rebound, while its breakout would allow the growth to continue to the area of 1.12600. 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: 1.11084, 1.10842, 1.10474, 1.09863. Resistance levels: 1.11694, 1.11928, 1.12305, 1.12600. Trading recommendations Short positions can be opened below the level of 1.10474 with the target at around 1.10000 and stop-loss at 1.10632. Long positions can be opened above the level of 1.11928 with the target at around 1.12305 and stop-loss at 1.11803. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 17, 2020 Report Share Posted March 17, 2020 USD/JPY: TECHNICAL ANALYSIS 17.03.20 Current trend The USD/JPY pair begins today’s trading with a slight bullish bias. The price has tested the resistance level of 107.185 and was slightly corrected downwards, but the upward trend maintains. The breakout of the 107.185 level could accelerate the quotes towards 107.560-107.813 resistance-zone. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario The pullback below 106.250 support will let the price re-test the 105.875 support. The area of 105.875-105.575 is coincided with the middle line of Bollinger Bands and can activate un upward reverse of the price. However, the decisive breakdown of the lower border is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 105.000. 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: 106.250, 106.000, 105.875, 105.575. Resistance levels: 107.185, 107.560, 107.813. Trading recommendations Short positions can be opened below the level of 106.250 with the target at around 105.875 and stop-loss at 106.375. Long positions can be opened above the level of 107.185 with the target at around 107.560 and stop-loss at 107.060. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 17, 2020 Report Share Posted March 17, 2020 GBP/USD: TECHNICAL ANALYSIS 17.03.20 Current trend GBP/USD quotes continue to consolidate in the side channel 1.22340-1.22679 after a significant decline over the past two months. Judging by the upward reversal of the Stochastic the pair has a potential of growth to the 1.23291 resistance. This level will be the first target of the upward correction movement. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 1.23512-1.24000. Alternative scenario One may speak about downward movement continuation after the price consolidates below the strong support level of 1.22070. In this case, the sellers will aim for the 1.21570 support. 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: 1.22070, 1.21570, 1.21200. Resistance levels: 1.22679, 1.23000, 1.23291, 1.23512. Trading recommendations Short positions can be opened below the level of 1.22070 with the target at around 1.21570 and stop-loss at 1.22236. Long positions can be opened above the level of 1.22680 with the target at around 1.23291 and stop-loss at 1.22476. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 17, 2020 Report Share Posted March 17, 2020 AUD/USD: TECHNICAL ANALYSIS 17.03.20 Current trend AUD/USD pair remains under pressure and trading in the zone of historical lows. The instrument is now testing the support level of 0.61035. Assuming the pair’s ability to cross it, the levels of 0.60783 and 0.60400 can be targeted if holding short positions. Alternative scenario The upward rebound from 0.61035 and pullback above 0.61373 will let the price re-test the 0.61646 resistance. The breakout of this level will be a sign of the upward correction development and give a prospect of growth to the area of 0.61900-0.62256. Judging by the extremely overselling pair, the upward correction scenario seems possible. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.61035,0.60783, 0.60400, 0.60100. Resistance levels: 0.61373, 0.61646, 0.61900, 0.62256. Trading recommendations Short positions can be opened below the level of 0.61035 with the target at around 0.60783 and stop-loss at 0.61119. Long positions can be opened above the level of 0.61373 with the target at around 0.61646 and stop-loss at 0.61282. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 18, 2020 Report Share Posted March 18, 2020 XAU/USD: TECHNICAL ANALYSIS 18.03.20 Current trend Yesterday the XAU/USD tested the resistance level of 1553.79 and was slightly corrected downwards to the area 1531.25-1525.08 support. Today we watch the consolidation of the price around this area. The breakdown of the 1525.08 mark and sustained trading below it will be a signal of the downward trend resumption. In this case, the decline can accelerate towards the 1517.00-1500.00 support area. Alternative scenario If the "bulls" manage to raise the rate above the level of 1546.25, the correction can continue to the area of 1553.79. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakout of 1553.79 is needed to indicate the uptrend resumption. In this case, the next targets of buyers will be the level of 1562.50. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is decreasing in the negative zone. Stochastic is pointed downwards, forming a sell signal. Support and resistance Support levels: 1528.08, 1517.00, 1510.00, 1500.00. Resistance levels: 1546.25, 1553.75, 1562.50, 1575.25. Trading recommendations Short positions can be opened below the level of 1528.08 with the target at around 1517.00 and stop-loss at 1531.00. Long positions can be opened above the level of 1546.25 with the target at around 1553.75 and stop-loss at 1544.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 18, 2020 Report Share Posted March 18, 2020 NZD/USD: TECHNICAL ANALYSIS 18.03.20 Current trend NZD/USD quotes continue to consolidate in the narrow side channel 0.59344-00.59672 after a significant decline over the last week. To continue the downward dynamic, the pair should cross the level of 0.59143. In this case, the sellers will aim for the 0.59000-0.58700. Alternative scenario The upward rebound from 0.59344 and the pair’s sustained trading above 0.59814 resistance will be a signal of upward correction formation and let the price grow to the area of 0.60120. Should prices continue growing above this level, the mark of 0.60425 (the middle line of Bollinger bands) might try activating a downward rebound as the key correction target. 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:0.59344, 0.59143, 0.59000, 0.58700. Resistance levels: 0.59814, 0.60120, 0.60425. Trading recommendations Short positions can be opened below the level of 0.59344 with the target at around 0.59000 and stop-loss at 0.59458. Long positions can be opened above the level of 0.59814 with the target at around 0.60120 and stop-loss at 0.59712. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 18, 2020 Report Share Posted March 18, 2020 EUR/JPY: TECHNICAL ANALYSIS 18.03.20 Current trend EUR/JPY quotes attempted to grow, but reaching 118.647 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 117.844, the downward correction can continue to the area of 117.534-117.285. The key levels for the sellers will be 117.188 support-line. There is a high chance of an upward rebound, while its breakdown would accelerate the decline to the area of 116.825-116.406. Alternative scenario One may speak about upward movement continuation after the price consolidates above the strong resistance level of 118.750. In this case, the next targets of buyers will be the level of 119.206-119.531. Technical indicators The technical picture is mixed. Bollinger Bands are converging on the background of bullish momentum. MACD is slowly growing in the negative zone, forming a sell signal. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 117.969, 117.534, 117.285, 116.825. Resistance levels: 118.485, 118.750, 119.206, 119.531. Trading recommendations Short positions can be opened below the level of 117.844 with the target at around 117.534 and stop-loss at 117.947. Long positions can be opened above the level of 118.750 with the target at around 119.206 and stop-loss at 118.610. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 19, 2020 Report Share Posted March 19, 2020 USD/CHF: TECHNICAL ANALYSIS 19.03.20 Current trend On the 4-hour chart, the price has tested the resistance level of 0.97332 and was slightly corrected downwards, but the general upward trend maintains. If the “bulls” manage to raise the rate above the level of 0.97046, the growth can continue to the area of 0.97656 level. This mark seems a key “bullish” zone, which can activate a downward rebound. However, the decisive breakout of 0.97656 could trigger a pair’s fresh run-up to a one-month high surrounding 0.98267. Alternative scenario The pullback below 0.96436 will be a signal of the downward correction development and give a prospect of decline to the area of 0.96000-0.95825. The area of 0.95825-0.95623 will be a key zone of the downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.95300. 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 pointed downwards, forming a sell signal. Support and resistance Support levels: 0.96436, 0.96000, 0.95825, 0.95623. Resistance levels: 0.97046, 0.97300, 0.97656, 0.98000. Trading recommendations Short positions can be opened below the level of 0.96436 with the target at around 0.96000 and stop-loss at 0.96581. Long positions can be opened above the level of 0.97046 with the target at around 0.97300-0.97400 and stop-loss at 0.96928. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 19, 2020 Report Share Posted March 19, 2020 USD/CAD: TECHNICAL ANALYSIS 19.03.20 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 1.46484. Assuming the pair’s ability to cross this mark, the level of 1.46700-1.47000 can be targeted if holding long positions. Alternative scenario The downward rebound from 1.46484 and pullback below 1.46065 will be a sign of the downward correction and let the price decline to the area of 1.45500-1.45264. There is a high chance of an upward rebound from the 1.45264 level, while its breakdown would allow the fall to continue to the area of 1.45000-1.44600. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is in the overbought zone and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.46065, 1.45500, 1.45264, 1.46700. Resistance levels: 1.46484, 1.46700, 1.47000. Trading recommendations Short positions can be opened below the level of 1.46065 with the target at around 1.45500 and stop-loss at 1.46231. Long positions can be opened above the level of 1.46484 with the target at around 1.46700-1.47000 and stop-loss at 1.46320. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 19, 2020 Report Share Posted March 19, 2020 EUR/USD: TECHNICAL ANALYSIS 19.03.20 Current trend EUR/USD quotes attempted to grow, but reaching 1.09813 mark moved to a decline and approaching the support-line 1.08643. Assuming the pair’s ability to cross this mark, the level of 1.08300-1.08012 can be targeted if holding short positions. The lower border can activate a downward rebound of the price. However, the decisive breakdown of 1.08000 could trigger a pair active decline to the new lows surrounding 1.07825-1.07600. Alternative scenario The upward rebound from 1.08643 and pullback above 1.09180 will let the price re-test today's high 1.09813. The breakout of this level will give a prospect of growth to the area of 1.10340 level, which coincided with the middle line of Bollinger Bands. This mark can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.10387 and sustained trading above it will be a signal of upward trend resumption. In this case, the buyers will aim for the 1.10700-1.11084 resistance zone. 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: 1.08643, 1.08300, 1.08012, 1.08825. Resistance levels: 1.09863, 1.10340, 1.10700, 1.11084. Trading recommendations Short positions can be opened below the level of 1.08643 with the target at around 1.08300 and stop-loss at 1.08750. Long positions can be opened above the level of 1.09863 with the target at around 1.10340 and stop-loss at 1.09704. Link to comment Share on other sites More sharing options...
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