Andy.atx Posted June 4, 2020 Share Posted June 4, 2020 EUR/JPY: TECHNICAL ANALYSIS 04.06.20 Current trend EUR against the Japanese yen today continues to consolidate in the side channel 122.038-122.489 after significant growth over the last days. If the "bulls" manage to raise the rate above the level of 122.615, the growth may continue to the area of 123.000. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 123.000 could trigger a pair’s active growth to the area of high 123.300. Alternative scenario The pullback below 121.875 will be a sign of the downward correction development and let the price decline to the area of 121.500-121.365. The key target of the correction is the level of 121.094, which corresponds to the middle line of Bollinger Bands. This level can activate an upward rebound of the price. Meanwhile, the breakdown of 121.094 and the pair’s sustained trading below 121.000 will be a signal of the downward trend resumption. In this case, the sellers will aim for the 120.700 support. 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 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: 121.875, 121.500, 121.365, 121.000. Resistance levels: 122.615, 123.000, 123.300. Trading recommendations Short positions can be opened below the level of 121.875 with the target at around 121.500 and stop-loss at 122.000. Long positions can be opened above the level of 122.615 with the target at around 123.000 and stop-loss at 122.486. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 4, 2020 Share Posted June 4, 2020 XAU/USD: TECHNICAL ANALYSIS 04.06.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic amid the correction. The first strong resistance for the pair is located on the 1705.00 level. This mark can activate a downward rebound of the price. Meanwhile, the decisive breakout of 1705.50 will be a sign of the upward trend resumption and give a prospect of the growth to the area of 1710.94. Alternative scenario If XAU/USD cannot consolidate above the level of 1705.50 during the short-term period the downward trend restoration and retest of the level 1695.31 are possible. One may speak about downward movement continuation after the price consolidates below the support level of 1693.98. In this case, the sellers will aim for the 1689.21. 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: 1695.31, 1693.98, 1689.21, 1687.50. Resistance levels: 1705.50, 1710.94, 1715.00, 1718.75. Trading recommendations Short positions can be opened below the level of 1695.31 with the target at around 1690.00 and stop-loss at 1697.00. Long positions can be opened above the level of 1705.50 with the target at around 1710.94 and stop-loss at 1704.20. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 4, 2020 Share Posted June 4, 2020 NZD/USD: TECHNICAL ANALYSIS 04.06.20 Current trend The NZD/USD pair begins today’s trading with a slight bearish bias. At the moment the price has met the support at the level of 0.64043. The breakdown of this level will be a sign of the downward correction development and give a prospect of decline to the area of 0.63878-0.63706. This zone can activate an upward rebound of the price. Meanwhile, the decisive breakdown of the 0.63700 will give a prospect of decline to the next key support line surrounding 0.63477. Alternative scenario The upward rebound from 0.64087 and pullback above the 0.64317 will let the price re-test the yesterday's high 0.64430. The breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.64697 resistance. 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 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: 0.64087, 0.63878, 0.63700, 0.63477. Resistance levels: 0.64430, 0.64697, 0.65000. Trading recommendations Short positions can be opened below the level of 0.64087 with the target at around 0.63800 and stop-loss at 0.64182. Long positions can be opened above the level of 0.64430 with the target at around 0.64697 and stop-loss at 0.64341. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 5, 2020 Share Posted June 5, 2020 USD/CHF: TECHNICAL ANALYSIS 05.06.20 Current trend USD/CHF is in the stage of upward correction after falling to the level of 0.95427. The price went up above the level of 0.95500 and can grow further to the level of 0.95825. This level can activate a downward rebound of the price. However, its breakout will let the price grow to the key correction target, surrounding 0.96130 zone (middle line of Bollinger Bands). Additionally, pair’s sustained trading above 0.96233 will be a signal of the upward trend resumption and give a prospect of the growth to the area of 0.96436. Alternative scenario The downward rebound from 0.95600 and pullback below 0.95500 will let the price re-test the yesterday's low 0.95427. The decisive breakdown of this level will be a signal of the downward trend resumption and let the price decline to the area of 0.95212-0.95100. 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 preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.95427, 0.95212, 0.95910. Resistance levels: 0.95825, 0.96130, 0.96436. Trading recommendations Short positions can be opened below the level of 0.95427 with the target at around 0.95130 and stop-loss at 0.95520. Long positions can be opened above the level of 0.95825 with the target at around 0.96130 and stop-loss at 0.95723. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 5, 2020 Share Posted June 5, 2020 USD/CAD: TECHNICAL ANALYSIS 05.06.20 Current trend The USD/CAD pair keeps the potential of the downward movement. The key support for the pair is located on1.34671. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the next target of sellers will be the level of 1.34277-1.34000. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. However, the breakdown of the 1.34000 can trigger a pair's active decline to new lows. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.35122 (the middle line of Bollinger bands), the correction can continue to the area of 1.35498 level. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.35715. In this case, the buyers will aim for the 1.36000-1.36300 area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD volumes are slightly decreasing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 1.34671, 1.34277, 1.34000, 1.33700. Resistance levels: 1.35122, 1.35403, 1.35715, 1.36000. Trading recommendations Short positions can be opened below the level of 1.34671 with the target at around 1.34277 and stop-loss at 1.34802. Long positions can be opened above the level of 1.35122 with the target at around 1.35403 and stop-loss at 1.35028. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 5, 2020 Share Posted June 5, 2020 EUR/USD: TECHNICAL ANALYSIS 05.06.20 Current trend EUR/USD is in the stage of upward correction after falling to the level of 0.95427, but the downward trend is still maintained. The breakdown of 0.95400 and the pair’s sustained trading below it will give a prospect of decline to 0.95215-0.95000 area. This zone seems an important line of support to watch in in short term period. There is a high chance of an upward reverse of the price. Meanwhile, the decisive breakdown of 0.95000 can trigger a pair's active decline to the area of 0.94700-0.94500. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.95631, the correction can continue to the area of 0.95825 resistance. This level will be the next hurdle, which can activate a downward rebound. The breakout of 0.95825 will confirm the upward correction development and let the price grow to the area of 0.96016, which coincided with the middle line of Bollinger Bands. As the key target of the correction, this level can activate a downward reversal of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.96130. In this case, the buyers will aim for the 0.96436 resistance. 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 preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.95427, 0.95215, 0.95000, 0.94700. Resistance levels: 0.95631, 0.95825, 0.96130, 0.96436. Trading recommendations Short positions can be opened below the level of 0.95427 with the target at around 0.95120 and stop-loss at 0.95527. Long positions can be opened above the level of 0.95825 with the target at around 0.96130 and stop-loss at 0.95723. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 8, 2020 Share Posted June 8, 2020 AUD/USD: TECHNICAL ANALYSIS 08.06.20 Current trend AUD/USD is in the stage of a downward correction after growing to the level of 0.70026. The first strong support for the pair is located on 0.69580 level. Assuming the pair’s ability to cross it, the mark of 0.69380 (the middle line of Bollinger bands) can be targeted if holding sell positions. As the key target of the correction movement, this level can activate an upward reverse of the price. Meanwhile, the decisive breakdown of 0.69300 and the pair’s sustained trading below this level will be a sign of the downward trend resumption and give a prospect of decline to the area of 0.69000. Alternative scenario If the instrument cannot consolidate below the level of 0.69580, it will begin to grow to the area of 0.69886 resistance. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.70026. In this case, the next targets of buyers will be the area of 0.70300-0.70500 resistance. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.69580, 0.69380, 0.69000. Resistance levels: 0.70026, 0.70300, 0.70500. Trading recommendations Short positions can be opened below the level of 0.69580 with the target at around 0.69300 and stop-loss at 0.69673. Long positions can be opened above the level of 0.70026 with the target at around 0.70300 and stop-loss at 0.69930. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 8, 2020 Share Posted June 8, 2020 USD/JPY: TECHNICAL ANALYSIS 08.06.20 Current trend The USD/JPY pair begins today’s trading with slight bearish bias amid the downward correction. At the moment the pair has met the support at 109.372. Assuming the pair’s ability to cross it, the mark of 109.060 can be targeted if holding sell positions. This level seems a key target of the correction, which can activate a downward reversal of the price. However, the decisive breakdown of 108.984 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 108.594 level. Alternative scenario The upward rebound from 109.372 and pullback above 109.543 will let the price re-test the 109.766-109.844 strong resistance zone. Meanwhile, the breakout of 109.900 will be a signal of the upward trend resumption and give a prospect of the growth to the area of 110.156. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards, keeping a buy signal. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area, forming a sell signal. Support and resistance Support levels: 109.375, 108.984, 108.594. Resistance levels: 109.543, 109.844, 110.156. Trading recommendations Short positions can be opened below the level of 109.375 with the target at around 109.000 and stop-loss at 109.500. Long positions can be opened above the level of 109.543 with the target at around 109.844 and stop-loss at 109.445. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 8, 2020 Share Posted June 8, 2020 GBP/USD: TECHNICAL ANALYSIS 08.06.20 Current trend On the 4-hour chart, the instrument keeps the potential of the upward movement. The first strong resistance for the pair is located on the 1.27300 level. There is a chance of an upward rebound, while its breakout would allow the growth to continue to the next strong resistance surrounding 3-month high 1.27563. This level seems a strong hurdle, which can prevent the price from growing. Should price continue growing above 1.27600, the bulls will aim for the 1.28000. Alternative scenario The downward rebound from 1.27300 and pullback below 1.26953 will be a sign of the downward correction development and let the price decline to the area of 1.26600. The breakout of this level will confirm the downward dynamic and accelerate the plunge towards 1.26300. One may speak about downward movement continuation after the price consolidates below the support level of 1.26000, which coincided with the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.25700. 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: 1.26953, 1.26600, 1.26300, 1.26000. Resistance levels: 1.27300, 1.27563, 1.28000. Trading recommendations Short positions can be opened below the level of 1.26900 with the target at around 1.26600 and stop-loss at 1.27000. Long positions can be opened above the level of 1.27300 with the target at around 1.27600 and stop-loss at 1.27200. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 9, 2020 Share Posted June 9, 2020 EUR/JPY: TECHNICAL ANALYSIS 09.06.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The first strong support for the pair is located on the 121.875 level. Assuming the pair’s ability to cross this mark, the level of 121.500 can be targeted if holding sell positions. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 121.094-121.000 support. Alternative scenario The upward rebound from the level of 121.797 and pullback above 122.137 will be a sign of the upward correction development and let the price grow to the area of 122.656 resistance. The decisive breakout of this level is needed to confirm the potential of the upward correction. In this case, the buyers will aim for the 123.100 resistance, which coincided with the middle line of the Bollinger Bands. As the key target of the correction, this level can activate a downward reverse of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 122.438. In this case, the next targets of buyers will be the level of 123.700. 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 121.875, 121.500, 121.094. Resistance levels: 122.137, 122.656, 123.100. Trading recommendations Short positions can be opened below the level of 121.875 with the target at around 121.500 and stop-loss at 122.000. Long positions can be opened above the level of 122.137 with the target at around 122.500 and stop-loss at 122.016. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 9, 2020 Share Posted June 9, 2020 XAU/USD: TECHNICAL ANALYSIS 09.06.20 Current trend XAU/USD quotes attempted to grow, but reaching 1704.68 mark moved to a downward correction. Should prices continue slipping under 1693.68, the mark of 1687.50 might try activating an upward rebound of the price. One may speak about downward movement continuation after the price consolidates below the support level of 1686.00. In this case, the sellers will aim for the 1680.00 support line. Alternative scenario The pullback above 1700.00 will let the price re-test the yesterday high 1704.68. The decisive breakout of 1705.00 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1711.69 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 has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1693.68, 1690.00, 1687.50, 1680.00. Resistance levels: 1704.68, 1711.69, 1718.75. Trading recommendations Short positions can be opened below the level of 1693.68 with the target at around 1689.00 and stop-loss at 1695.24. Long positions can be opened above the level of 1704.68 with the target at around 1710.00 and stop-loss at 1702.90. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 9, 2020 Share Posted June 9, 2020 NZD/USD: TECHNICAL ANALYSIS 09.06.20 Current trend NZD/USD is in the stage of a downward correction after growing to the level of 0.65797. The first support for the pair is located on 0.65308 level. The breakdown of this mark is needed to confirm the downward correction development and let the price decline to the level of 0.64940 (the middle line of Bollinger bands). As the key target of the correction, this level can prevent the price from falling and activate an upward reverse of the price. Meanwhile, the breakdown of 0.64940 and a sustained move below 0.64697 will be a signal of the downward trend resumption and let the price decline to the area of 0.64300-0.64087. Alternative scenario The upward rebound from 0.65308 and pullback above 0.65613 will let the price re-test the yesterday's high surrounding 0.65797. The breakout of this level will be a signal of the upward trend continuation and give a prospect of the growth to the area of 0.65918-0.66100. 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 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: 0.65308, 0.64940, 0.64697, 0.64300. Resistance levels: 0.65797, 0.65918, 0.66100, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65308 with the target at around 0.64918 and stop-loss at 0.65438. Long positions can be opened above the level of 0.65797 with the target at around 0.66100 and stop-loss at 0.65696. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 10, 2020 Share Posted June 10, 2020 AUD/USD: TECHNICAL ANALYSIS 10.06.20 Current trend The AUD/USD pair begins today’s trading with a slight bullish bias. At the moment the price has met the resistance at the level of 0.69760, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 0.70000 can be targeted if holding long positions. This level seems a strong resistance, which can activate a downward reverse of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.70190. In this case, the buyers will aim for the 0.70419 resistance area. Alternative scenario The downward rebound from 0.69760 and pullback below 0.69580 will be a sign of the downward trend resumption and let the price decline to the area of 0.69384-0.69319. The breakdown of the lower border will give a prospect of decline to the area of 0.68970 support-line. This level will be a key mark for the sellers. There is a high chance of an upward reverse, while its breakdown would accelerate the plunge towards 0.68600-0.68359. 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: 0.69580, 0.69319, 0.68970. Resistance levels: 0.69760, 0.70190, 0.70419. Trading recommendations Short positions can be opened below the level of 069580 with the target at around 069300 and stop-loss at 0.69673. Long positions can be opened above the level of 0.69760 with the target at around 0.70100 and stop-loss at 0.69646. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2020 Share Posted June 11, 2020 EUR/JPY: TECHNICAL ANALYSIS 11.06.20 Current trend On the 4-hour chart, the instrument keeps a moderate negative dynamic. At the moment the price has met the support at 121.267 level. Assuming the pair’s ability to cross this level, the mark of 121.094 can be targeted if holding short positions. As a strong support-zone the area of 121.094-121.000 can activate an upward reverse of the price. However, the breakdown of the 121.000 will accelerate the plunge towards 120.700-120.400. Alternative scenario The upward rebound from 121.267 will let the price re-test 121.875 resistance. The breakout of this level and pair’s sustained trading above 122.277 level will be a signal of the upward trend resumption. In this case, the buyers will aim for the 122.656 resistance. 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: 121.094, 120.700, 120.400. Resistance levels: 121.875, 122.277, 122.656. Trading recommendations Short positions can be opened below the level of 121.094 with the target at around 120.700 and stop-loss at 121.225. Long positions can be opened above the level of 121.875 with the target at around 122.277 and stop-loss at 121.741. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2020 Share Posted June 11, 2020 XAU/USD: TECHNICAL ANALYSIS 11.06.20 Current trend XAU/USD is in the stage of a downward correction after growing to the level of 1739.74. The pair is trading below 1734.38 support and has the potential to further decline to the area of 1726.56 level. This mark will be the first strong support for the pair. There is a chance of an upward rebound in the short-term period. Meanwhile, the breakdown of 1726.00 can accelerate the plunge towards 1718.75 support-line. Alternative scenario The pullback above 1734.38 will let the price re-test the yesterday's high at 1739.74. Meanwhile, the breakout of 1740.00 could trigger a pair’s fresh run-up to a local high surrounding 1745.00-1750.00. 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: 1730.00, 1726.56, 1722.00, 1718.75. Resistance levels: 1734.38, 1739.74, 1745.02. Trading recommendations Short positions can be opened below the level of 1730.00 with the target at around 1726.00 and stop-loss at 1731.30. Long positions can be opened above the level of 1734.38 with the target at around 1739.74 and stop-loss at 1733.26. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2020 Share Posted June 11, 2020 NZD/USD: TECHNICAL ANALYSIS 11.06.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below 0.65000 level and can decline further to the level of 0.64697 level. This level seems first strong support, which can activate an upward rebound of the price. However, the decisive breakdown of 0.64697 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.64300-0.64000 support area. Alternative scenario If the instrument cannot consolidate below the level of 0.64697, it will begin to grow to the area of 0.65308, which coincided with the middle line of Bollinger Bands. As the key target of the correction, this level can activate a downward reverse of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.65381. In this case, the buyers will aim for the 0.65600-0.65918. The upper border of this channel seems a key “bullish” level. There is a chance of a downward rebound, while its breakout would give the prospect of the growth to the area of 0.66200. 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.64697, 0.64300, 0.64087. Resistance levels: 0.65308, 0.65600, 0.65918. Trading recommendations Short positions can be opened below the level of 0.64697 with the target at around 0.64300 and stop-loss at 0.64829. Long positions can be opened above the level of 0.65381 with the target at around 0.65600-0.65700 and stop-loss at 0.65274. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2020 Share Posted June 12, 2020 USD/CHF: TECHNICAL ANALYSIS 12.06.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. The first strong resistance for the pair is located at 0.94604-0.94715 zone, which coincided with the middle line of the Bollinger Bands. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of the 0.94715 will be a signal of the upward trend resumption and give a prospect of the growth to the area of 0.94910-0.95000. Alternative scenario If the pair cannot consolidate above the level of 0.94604 during the short-term period, the price can reverse and retest the support level of 0.94299. The breakdown of this level will let the price decline to the area of 0.93994 level. One may speak about downward movement continuation after the price consolidates below the support level of 0.93689. In this case, the sellers will aim for the 0.93384 mark. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are converging 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: 0.94299, 0.93994, 0.93689. Resistance levels: 0.94604, 0.94910, 0.94215. Trading recommendations Short positions can be opened below the level of 0.94299 with the target at around 0.93994 and stop-loss at 0.94400. Long positions can be opened above the level of 0.94604 with the target at around 0.94910 and stop-loss at 0.94502. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2020 Share Posted June 12, 2020 USD/CAD: TECHNICAL ANALYSIS 12.06.20 Current trend USD/CAD is in the stage of a downward correction after growing to the level of 1.36658. The price went down below 1.36172 and has the potential to further decline to the area of 1.35624-1.35498 area. This zone can prevent the instrument from falling and activate a downward rebound. However, the breakdown of the 1.35498 and pair' sustained move below it will give a prospect of decline to the key area of the downward correction 1.35000-1.34800. Alternative scenario The upward rebound from 1.35498 and pullback above 1.36000 will let the price re-test today's high at 1.36658. The upward trend will be restored after the price is set above the resistance level of 1.36719. In this case, the next targets of buyers will be the level of 1.37000-1.37300. 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: 1.36000, 1.35700, 1.35498, 1.35000. Resistance levels: 1.36300, 1.36719, 1.37000, 1.37300. Trading recommendations Short positions can be opened below the level of 1.36000 with the target at around 1.35700 and stop-loss at 1.36100. Long positions can be opened above the level of 1.36719 with the target at around 1.37000 and stop-loss at 1.36625. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2020 Share Posted June 12, 2020 EUR/USD: TECHNICAL ANALYSIS 12.06.20 Current trend On the 4-hour chart, the instrument keeps the potential of the downward movement. At the moment the pair has met the support on the level of 1.12761. Assuming the pair’s ability to cross this mark, the level of 1.12305 can be targeted if holding short positions. This level seems key support, which can activate an upward rebound. Meanwhile, the decisive breakdown of 1.12300 will accelerate the plunge towards 1.12000. Alternative scenario The pullback above 1.13100 will be a sign of the upward correction development and give a prospect of the growth to 1.13363 resistance (the middle line of the Bollinger Bands). As the key target of the correction, this level can prevent the instrument from growing. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.13525. In this case, the buyers will aim for 1.13800 level Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.12761, 1.12305, 1.12000, 1.11694. Resistance levels: 1.13011, 1.13363, 1.13525, 1.13800. Trading recommendations Short positions can be opened below the level of 1.12761 with the target at around 1.12400 and stop-loss at 1.12881. Long positions can be opened above the level of 1.13011 with the target at around 1.13363 and stop-loss at 1.12893. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 15, 2020 Share Posted June 15, 2020 USD/JPY: TECHNICAL ANALYSIS 15.06.20 Current trend On 4-hour chart, USD/JPY is trading below the middle line of the Bollinger Bands suggesting bearish momentum. The first strong support for the pair is located at 107.023 level. Assuming the pair’s ability to cross this mark, the level of 106.641 can be targeted if holding short positions. As the one-month lowest level, the 106.641 mark can activate an upward reverse of the price. However, the breakdown of this level and pair’s sustained trading below 106.565 will be a signal of the downward trend resumption and let the price decline to 106.250 support-line. Alternative scenario The upward rebound from 107.023 and pullback above 107.321 will let the price re-test the 107.422-107.561 resistance area. The breakout of the 107.561 may be a start for the formation of an uptrend. In this case, the next targets of buyers will be the area of 107.813-107.994. 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 negative zone, keeping a weak sell signal. Stochastic’s lines are pointed downwards. Support and resistance Support levels: 107.023, 106.641, 106.250. Resistance levels: 107.321, 107.561, 107.813. Trading recommendations Short positions can be opened below the level of 107.023 with the target at around 106.641 and stop-loss at 107.150. Long positions can be opened above the level of 107.561 with the target at around 107.850 and stop-loss at 107.464. Link to comment Share on other sites More sharing options...
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