Andy.atx Posted July 2, 2020 Share Posted July 2, 2020 EUR/JPY: TECHNICAL ANALYSIS 02.07.20 Current trend On 4-hour chart, EUR/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. At the moment the price has met the resistance at the level of 121.099. Assuming the pair’s ability to cross this mark, the area of 121.289-121.383 can be targeted if holding long positions. This area is a strong resistance area, 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 121.484. In this case, the buyers will aim for the 121.856 level. Alternative scenario The downward reverse from the 121.094 could lead the price back to 120.898-120.845 area, which coincided with the middle line of Bollinger Bands. The breakdown of 120.845 and the pair’s sustained trading below 120.703 will be a signal of the downward trend resumption and give a prospect of decline to the area of 120.508-120.313. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are converging 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: 120.898, 120.703, 120.508, 120.313. Resistance levels: 121.094, 121.289, 121.484. Trading recommendations Short positions can be opened below the level of 120.703 with the target at around 120.400 and stop-loss at 120.803. Long positions can be opened above the level of 121.100 with the target at around 121.289-121.400 and stop-loss at 121.000. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 3, 2020 Share Posted July 3, 2020 EUR/USD: TECHNICAL ANALYSIS 03.07.20 Current trend On a 4-hour chart, the pair is trading below the middle line of Bollinger Bands, suggesting bearish momentum. The first strong support for the pair is located on the 1.12227 level. The breakdown of this mark will be a signal of the downward trend resumption and let the price decline to the area of 1.12000. This level seems a key bearish target for the short-term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.11843-1.11694. Alternative scenario The upward rebound from 1.12227 and pullback above 1.12485 will be a signal of the upward trend formation and give a prospect of the growth to the area of 1.12610-1.12812. Should prices continue growing above 1.12812, the area of 1.12915-1.13021 levels will be a next bullish target. 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 volumes are decreasing in the positive 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: 1.12227, 1.12000, 1.11694. Resistance levels: 1.12485, 1.12610, 1.12915. Trading recommendations Short positions can be opened below the level of 1.12227 with the target at around 1.12000-1.11930 and stop-loss at 1.12320. Long positions can be opened above the level of 1.12610 with the target at around 1.12915 and stop-loss at 1.12510. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 3, 2020 Share Posted July 3, 2020 USD/CAD: TECHNICAL ANALYSIS 03.07.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price is approaching strong support in the region of 1.35498. There is a chance of an upward rebound, while its breakdown would accelerate the plunge towards 1.35193-1.35000. The lower border of this range can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the decisive breakdown of 1.35000 and pair’s sustained trading below 1.34888 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1.34583 support-line. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.35803, the correction can continue to the area of 1.35950 level around the middle line of Bollinger bands. As the key target of the correction, this mark seems a strong hurdle, 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 1.36108. In this case, the next targets of buyers will be the level of 1.36414. 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.35498, 1.35193, 1.34888. Resistance levels: 1.35803, 1.36108, 1.36414. Trading recommendations Short positions can be opened below the level of 1.35498 with the target at around 1.35193 and stop-loss at 1.35599. Long positions can be opened above the level of 1.35803 with the target at around 1.36108 and stop-loss at 1.35703. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 3, 2020 Share Posted July 3, 2020 USD/CHF: TECHNICAL ANALYSIS 03.07.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. At the moment the price has met the resistance at 0.94604. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The upward trend will be restored after the price is set above the level of 0.94757, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.94910-0.95000. Alternative scenario If the price cannot consolidate above the level of 0.94604, the price can reverse and retest the support level of 0.94452. The breakdown of this level is needed to confirm the downward movement. In this case, the price can decline to the area of 0.94299-0.94255. This area can activate an upward reverse of the price. However, the breakdown of 0.94255 can accelerate the plunge towards 0.94000-0.93842. 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 decreasing in the negative zone. Stochastic lines are pointed downwards. Support and resistance Support levels: 0.94452, 0.94299, 0.94147, 0.94000. Resistance levels: 0.94604, 0.94757, 0.94910, 0.95062. Trading recommendations Short positions can be opened below the level of 0.94452 with the target at around 0.94299-0.94200 and stop-loss at 0.94536. Long positions can be opened above the level of 0.94757 with the target at around 0.94910-0.95062 and stop-loss at 0.94655. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 6, 2020 Share Posted July 6, 2020 GBP/USD: TECHNICAL ANALYSIS 06.07.20 Current trend On the 4-hour chart, the instrument is trading above the middle line of Bollinger bands suggesting bullish momentum. The strong resistance for the pair is located at 1.25122-1.25292 range. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 1.25300 and pair sustained trading above it will be a signal of the upward trend resumption and let the price grow to the area of 1.25732. Alternative scenario The downward rebound from 1.25122 and pullback below the 1.24817 could lead the price back to 1.24582-1.24512 support zone. The downward trend will be restored after the price is set below the level of 1.24389, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.23901. 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: 1.24512, 1,24389, 1.23901. Resistance levels: 1.25122, 1.25420, 1.25732. Trading recommendations Short positions can be opened below the level of 1.24389 with the target at around 1.23901 and stop-loss at 1.24551. Long positions can be opened above the level of 1.25300 with the target at around 1.25600 and stop-loss at 1.25200. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 6, 2020 Share Posted July 6, 2020 USD/JPY: TECHNICAL ANALYSIS 06.07.20 Current trend The USD/JPY pair begins today’s trading with a slight bullish bias. The price has tested the resistance level of 107.769 and was slightly corrected downwards, but the general upward trend maintains. Judging by the downward bias of the Stochastic, a downward correction to 107.540 (the middle line of Bollinger bands) is possible soon. This level can activate an upward reverse of the price and let the pair re-test today's high at 107.769. One may speak about upward movement continuation after the price consolidates above the resistance level of 107.813. In this case, the next targets of the buyers will be the level of 108.008-108.203 area. Alternative scenario If the "bears" manage to decline the rate below the level of 107.540 level, the correction can continue to the area of 107.422-107.341 level. The decisive breakdown of the lower border is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 107.227-107.031 support area. 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 is slightly pointed downwards. Support and resistance Support levels: 107.540, 107.341, 107.227, 107.031. Resistance levels: 107.813, 108.008, 108.203. Trading recommendations Short positions can be opened below the level of 107.341 with the target at around 107.031 and stop-loss at 107.440. Long positions can be opened above the level of 107.813 with the target at around 108.100 and stop-loss at 107.713. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 6, 2020 Share Posted July 6, 2020 AUD/USD: TECHNICAL ANALYSIS 06.07.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price went up above the level of 0.69580 and can grow further to the level of 0.69733-0.69885, which can activate a downward rebound of the price. Meanwhile, the decisive breakout of the 0.69885 and pair sustained trading above 0.70000 will be a signal of the upward trend resumption and let the price grow to the area of 0.70300. Alternative scenario The downward rebound from 0.69700 and pullback below 0.69580 will be a sign of the downward correction development and let the price decline to the area of 0.69427. The breakdown of this level is needed to confirm the downward correction development and let the price decline to the key sellers target around the 0.69275 level, which coincided with the middle line of Bollinger Bands. This mark can activate an upward reverse of the price. However, the breakdown of the 0.69200 will be a signal of the downward trend resumption and give a prospect of decline to the area of 0.69122-0.68970. 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 in the overbought zone and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.69580, 0.69427, 0.69275, 0.69122. Resistance levels: 0.69733, 0.69885, 0.70000, 0.70300. Trading recommendations Short positions can be opened below the level of 0.69503 with the target at around 0.69275 and stop-loss at 0.69579. Long positions can be opened above the level of 0.69885 with the target at around 0.70200 and stop-loss at 0.69780. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 7, 2020 Share Posted July 7, 2020 NZD/USD: TECHNICAL ANALYSIS 07.07.20 Current trend NZD/USD is in the stage of a downward correction after growing to the level of 0.65797. The price went down below the level of 0.65613 and can decline further to the key support level of 0.65308. This mark coincides with the middle line of Bollinger Bands, which can activate an upward rebound of the price. However, the breakdown of 0.65300 will be a signal of the downward trend resumption and let the price decline to the area of 0.65002. Alternative scenario The upward rebound from 0.65452 and pullback above the 0.65613 will let the price re-test today's high at 0.65797. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.65918. In this case, the next targets of buyers will be the level of 0.66223. 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, 0.65002, 0.64697. Resistance levels: 0.65613, 0.65918, 0.66223. Trading recommendations Short positions can be opened below the level of 0.65308 with the target at around 0.65002 and stop-loss at 0.65408. Long positions can be opened above the level of 0.65918 with the target at around 0.66223 and stop-loss at 0.66820. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 7, 2020 Share Posted July 7, 2020 XAU/USD: TECHNICAL ANALYSIS 07.07.20 Current trend The XAU/USD pair begins today’s trading with a slight bearish bias. The price is approaching strong support in the region of 1781.25. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1779.27. Should prices continue slipping under 1779.00, the area of 1775.50-1774.13 (around the middle line of Bollinger bands) might try activating an upward reverse of the price. Alternative scenario The upward rebound from 1781.25 and pullback above 1785.34 will let the price grow to the area of last week's high at 1789.06 resistance. The breakout of this mark is needed to confirm the upward trend resumption. In this case, the buyers will aim for the 1792.00. 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 preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 1781.25, 1779.27,1775.50, 1774.13. Resistance levels: 1787.16, 1789.06, 1792.00. Trading recommendations Short positions can be opened below the level of 1779.27 with the target at around 1775.50 and stop-loss at 1780.54. Long positions can be opened above the level of 1789.06 with the target at around 1792.00 and stop-loss at 1788.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 7, 2020 Share Posted July 7, 2020 EUR/JPY: TECHNICAL ANALYSIS 07.07.20 Current trend On a 4-hour chart, the instrument shows a sideways dynamic in the range 121.353-121.572. The instrument has the potential to resume the upward dynamic. If the "bulls" manage to raise the rate above the level of 121.572, the growth can continue to the area of 121.875 level, which seems a strong resistance. There is a chance of a downward rebound, while its breakout would accelerate the pair towards 122.266. Alternative scenario If EUR/JPY cannot consolidate above the level of 121.572, the downward movement restoration and retest of the level 121.353 are possible. The breakdown of this level will let the price decline to the area of 121.094 mark, which coincided with the middle line of Bollinger Bands. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown of this mark can accelerate the plunge towards 120.800. 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: 121.353, 121.094, 120.800. Resistance levels: 121.572, 121.875, 122.266. Trading recommendations Short positions can be opened below the level of 121.353 with the target at around 121.094 and stop-loss at 121.439. Long positions can be opened above the level of 121.572 with the target at around 121.875 and stop-loss at 121.471. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 8, 2020 Share Posted July 8, 2020 EUR / USD: TECHNICAL ANALYSIS 07/08/20 Current trend On a 4-hour chart, the instrument is trading below the middle line of Bollinger Bands suggesting bearish momentum. The first strong support area for the pair is located at 1.12647-1.12584. The breakdown of the lower border will be a signal of the downward trend resumption and give a prospect of decline to the area of 1.12305-1.12253. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.12821, the correction can continue to the area of 1.12915-1.12980. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.13064. In this case, the buyers will aim for the 1.13220-1.13452 area. 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 bullish 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: 1.12610, 1.12305, 1.12000. Resistance levels: 1.12915, 1.13220, 1.13452. Trading recommendations Short positions can be opened below the level of 1.12600 with the target at around 1.12305 and stop-loss at 1.12695. Long positions can be opened above the level of1.13064 with the target at around 1.13220-1.13350 and stop-loss at 1.12968. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 8, 2020 Share Posted July 8, 2020 USD/CAD: TECHNICAL ANALYSIS 08.07.20 Current trend USD/CAD quotes attempted to grow, but reaching 1.36114 marks moved to a downward correction. Should prices continue slipping under 1.35938, the level of 1.35803-1.35763 will be the next strong support, which can activate an upward rebound. The breakdown of the 1.35763 is needed to indicate the downward correction development and let the price fall to the area of 1.35594 (the middle line of Bollinger Bands). The downward trend will be restored after the price is set below the level of 1.35498, which is the strong support line. In this case, the sellers will aim for the 1.35193 marks. Alternative scenario The upward rebound from 1.35803 support-line will let the price re-test today's high at 1.36114. The breakout of this level will be a signal of the upward trend resumption and let the price grow to the area of 1.36414. Technical indicators Technical indicators mostly keep a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the positive zone., keeping a buy signal. Stochastic is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 1.35803, 1.35498, 1.35193. Resistance levels: 1.36108, 1.36414, 1.36719. Trading recommendations Short positions can be opened below the level of 1.35803 with the target at around 1.35594-1.35500 and stop-loss at 1.35900. Long positions can be opened above the level of 1.36108 with the target at around 1.36414 and stop-loss at 1.36008. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 8, 2020 Share Posted July 8, 2020 USD/CHF: TECHNICAL ANALYSIS 08.07.20 Current trend On a 4-hour chart, the pair has tested the midline of Bollinger Bands (0.94317) but cannot consolidate above it. Now we can see a downward correction development. If the sellers manage to decline the rate below the level of 0.94147, the decline can continue to the area of 0.94073-0.93994. The lower border of this channel seems a strong resistance, which can activate an upward reverse of the price. Meanwhile, the decisive break of 0.93994 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.93842-0.93689 support-zone. Alternative scenario The upward trend will be restored after the price is set above the level of 0.94317, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.94452-0.94604. 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 decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.94147, 0.93994, 0.93842, 0.93689. Resistance levels: 0.94299, 0.94452, 0.94604, 0.94757. Trading recommendations Short positions can be opened below the level of 0.93994 with the target at around 0.93842-0.93689 and stop-loss at 0.94095. Long positions can be opened above the level of 0.94300 with the target at around 0.94452-0.94604 and stop-loss at 0.94200. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 9, 2020 Share Posted July 9, 2020 GBP/USD: TECHNICAL ANALYSIS 09.07.20 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 1.26356. Assuming the pair’s ability to cross this mark, the area of 1.26660-1.26953 can be targeted if holding long positions. The upper border of this channel seems a strong resistance which can activate a downward reverse of the price. Meanwhile, the breakout of 1.27000 can accelerate the growth towards 1.27300-1.27563 resistance. Alternative scenario The downward rebound from 1.26356 and pullback below 1.26000 will be a sign of the downward correction resumption and let the price decline to the area of 1.25732. The breakdown of this level will give a prospect of decline to the area of key correction target at 1.25343 level, which coincided with the middle line of Bollinger Bands. This mark can prevent the instrument from falling, as the possibility of the reverse of the price is high there. One may speak about downward movement continuation after the price consolidates below the support level of 1.25122. In this case, the next targets of sellers will be the level of 1.24800-1.24512. 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 zone and pointed sideways, reflecting the high possibility of the downward correction formation. Support and resistance Support levels: 1.26006, 1.25732, 1.25343. Resistance levels: 1.26356, 1.26600, 1.26953. Trading recommendations Short positions can be opened below the level of 1.26000 with the target at around 1.25732 and stop-loss at 1.26100. Long positions can be opened above the level of 1.26356 with the target at around 1.26660 and stop-loss at 1.26250. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 9, 2020 Share Posted July 9, 2020 USD/JPY: TECHNICAL ANALYSIS 09.07.20 Current trend USD/JPY quotes today continues to consolidate in the side channel 107.177-107.360 after a decline over the past two days. To continue the downward dynamic the USD/JPY should consolidate below the 107.170 level. In this case, the sellers will aim for the 107.031 level. This mark seems strong support, which can activate an upward rebound of the price. However, the decisive breakdown of 107.000 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the area of 106.836-106.641 levels. Alternative scenario If the "bulls" manage to raise the rate above the level of 107.360, the correction can continue to the area of 107.452 level, which coincided with the middle line of Bollinger Bands. The consolidation of the price above it will be a signal of the upward trend resumption. In this case, the buyers will aim for the 107.617-107.708 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 has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 107.227, 107.031, 106.836, 106.641. Resistance levels: 107.422, 107.617, 107.813. Trading recommendations Short positions can be opened below the level of 107.177 with the target at around 107.031-106.900 and stop-loss at 107.269. Long positions can be opened above the level of 107.422 with the target at around 107.617-107.700 and stop-loss at 107.329. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 9, 2020 Share Posted July 9, 2020 AUD/USD: TECHNICAL ANALYSIS 09.07.20 Current trend On the 4-hour chart, the instrument keeps the potential of the upward trend. At the moment the price has met the resistance at 0.69684. This mark can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, its breakout will be a signal of the upward trend resumption and give a prospect of the growth to the area of 0.70190 resistance. Alternative scenario The downward rebound from 0.70190 could lead the price back to 0.69684-0.69580 support. As a strong support zone, this mark can activate an upward reverse of the price. However, the decisive breakdown of 0.69580 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.69275 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 a positive zone. Stochastic is in the overbought zone and pointed sideways, reflecting the high possibility of the downward correction formation. Support and resistance Support levels: 0.69580, 0.69275, 0.68970. Resistance levels: 0.69938, 0.70190, 0.70496. Trading recommendations Short positions can be opened below the level of 0.69580 with the target at around 0.69275 and stop-loss at 0.69681. Long positions can be opened above the level of 0.69938 with the target at around 0.70190 and stop-loss at 0.69854. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 10, 2020 Share Posted July 10, 2020 EUR/USD: TECHNICAL ANALYSIS 10.07.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price is approaching strong support in the region of 1.12610-1.12584. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. However, the decisive breakdown of 1.12584 will be a signal of the downward trend resumption and let the price decline to the area of 1.12305 support. Alternative scenario If the instrument cannot consolidate below the level of 1.12610, it will begin to grow to the area of 1.12781-1.12915. The upward trend will be restored after the price is set above the resistance level of 1.13060, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 1.13220-1.13416. 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: 1.12598, 1.12305, 1.12000. Resistance levels: 1.12915, 1.13220, 1.13525. Trading recommendations Short positions can be opened below the level of 1.12598 with the target at around 1.12305 and stop-loss at 1.12695. Long positions can be opened above the level of 1.12915 with the target at around 1.13220 and stop-loss at 1.12813. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 10, 2020 Share Posted July 10, 2020 USD/CAD: TECHNICAL ANALYSIS 10.07.20 Current trend On 4-hour chart, USD/CAD is trading above the middle line of Bollinger Bands suggesting bullish momentum. The price is approaching resistance in the region of 1.36108-1.36228. This area can stop the upward dynamic. Meanwhile, the decisive breakout of 1.36228 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.36414-1.36556. Alternative scenario The downward rebound from 1.36108 and pullback below 1.35800 will be a sign of the downward correction development and let the price decline to the area of 1.35605-1.35498. The lower border of this range seems a key target of the sellers, which can activate an upward reverse of the price. However, the breakdown of 1.35498 and the pair’s sustained trading below 1.35400 will be a signal of the downward trend resumption and let the price decline to the area of 1.35193. 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: 1.35803, 1.35498, 1.35193. Resistance levels: 1.36108, 1.36414, 1.36719. Trading recommendations Short positions can be opened below the level of 1.35800 with the target at around 1.35498 and stop-loss at 1.35901. Long positions can be opened above the level of 1.36108 with the target at around 1.36414 and stop-loss at 1.36006. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 10, 2020 Share Posted July 10, 2020 USD/CHF: TECHNICAL ANALYSIS 10.07.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price went up above the level of 0.94060 (the middle line of Bollinger Bands) and can grow further to the level of 0.94299. As a strong resistance, this level can activate a downward reverse of the price. However, its breakout will give a prospect of the growth to the area of 0.94524-0.94640. Alternative scenario The downward rebound from 0.94206 and pullback below 0.94078 could lead the price back to 0.93971 support. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.93689 level. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.93994, 0.93689, 0.93384. Resistance levels: 0.94299, 0.94604, 0.94910. Trading recommendations Short positions can be opened below the level of 0.93971 with the target at around 0.93689 and stop-loss at 0.94065. Long positions can be opened above the level of 0.94300 with the target at around 0.94600 and stop-loss at 0.94200. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 13, 2020 Share Posted July 13, 2020 GBP/USD: TECHNICAL ANALYSIS 13.07.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. The price went up above the level of 1.26343 and can grow further to the last week high at 1.26689. Assuming the pair’s ability to cross this mark, the level of 1.26953 can be targeted if holding long positions. As a strong resistance, this mark can activate a downward reverse of the price. Meanwhile, the breakout of 1.26953 and the pair’s sustained trading above 1.27000 will give a prospect of the growth to the area of 1.27300-1.27563. Alternative scenario The downward rebound from 1.26634 and pullback below 1.26343 will be a signal of the downward correction development and let the price decline to the area of 1.26000 level, which coincided with the middle line of Bollinger Bands. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. However, its breakdown will let the price decline to the area of 1.25732 support. 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: 1.26343, 1.26000, 1.25732. Resistance levels: 1.26689, 1.26953, 1.27300, 1.27563. Trading recommendations Short positions can be opened below the level of 1.26343 with the target at around 1.26000 and stop-loss at 1.26440. Long positions can be opened above the level of 1.26689 with the target at around 1.26953 and stop-loss at 1.26600. Link to comment Share on other sites More sharing options...
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