Andy.atx Posted July 22, 2020 Report Share Posted July 22, 2020 NZD/USD: TECHNICAL ANALYSIS 22.07.20 Current trend On the 4-hour chart, the instrument has tested the level of 0.66494 but cannot break through it. Now we can see a sideway dynamic of the price in the range 0.66343-0.66494. If the sellers manage to decline the rate below the level of 0.66340, the correction can continue to the area of 0.66223. This level can stop the downward movement and activate an upward rebound of the price. Meanwhile, the decisive breakdown of 0.66220 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.65918 level, which seems a key mark for the sellers in the short-term period. Alternative scenario If the price cannot consolidate below the level of 0.66343 during the short-term period, the price can reverse and retest the support level of 0.66494. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.66528. In this case, the buyers will aim for the 0.66800 level. 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 is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 0.66223, 0.65918, 0.65613. Resistance levels: 0.55528, 0.66800, 0.67100. Trading recommendations Short positions can be opened below the level of 0.66223 with the target at around 0.65918 and stop-loss at 0.66324. Long positions can be opened above the level of 0.66528 with the target at around 0.66800 and stop-loss at 0.66437. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 22, 2020 Report Share Posted July 22, 2020 XAU/USD: TECHNICAL ANALYSIS 22.07.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic amid the general weakness of the US dollar. The price has tested the resistance level of 1865.72 and was slightly corrected downwards. The first support for the pair is located on the 1851.56 level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1843.75 support-line. Alternative scenario If the bulls to raise the rate above the level of 1859.38 again, the pair can re-test today's high at 1865.72. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1870.00-1875.00 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 has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1851.56, 1843.75, 1838.34. Resistance levels: 1859.38, 1865.72, 1870.00, 1875.00. Trading recommendations Short positions can be opened below the level of 1850.00 with the target at around 1844.00 and stop-loss at 1852.00. Long positions can be opened above the level of 1865.72 with the target at around 1870.00 and stop-loss at 1864.29. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 22, 2020 Report Share Posted July 22, 2020 EUR/JPY: TECHNICAL ANALYSIS 22.07.20 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The next strong resistance for the pair located on 123.438 level. This mark can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 123.438 can trigger a pair of active growth to 123.828 level. Alternative scenario If the sellers manage to decline the rate below the level of 123.146, the correction can continue to the area of today's low 123.029. The breakdown of this level will confirm the downward correction development and give a prospect of decline to the area of 122.656 level, which coincided with the middle line of Bollinger Bands. As the key correction target, this level can activate an upward rebound of the price. However, the breakdown of 122.600 level will be a signal of the downward trend resumption and give a prospect of decline to the area of 122.266. 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 sideways. Support and resistance Support levels: 123.047, 122.656, 122.266. Resistance levels: 123.438, 123.828, 124.219. Trading recommendations Short positions can be opened below the level of 123.047 with the target at around 122.700 and stop-loss at 123.162. Long positions can be opened above the level of 123.438 with the target at around 123.828 and stop-loss at 123.308. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 23, 2020 Report Share Posted July 23, 2020 EUR/USD: TECHNICAL ANALYSIS 07/23/20 Current trend The EUR/USD pair begins today’s trading with slight bullish bias after falling to the level of 1.15623. The strong resistance for the pair is located on the 1.16006 level (9-month high). 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 the 1.16006 mark can accelerate the pair towards the 1.16300-1.16577 resistance area. Alternative scenario The downward rebound from 1.16006 could lead the price back to 1.15623 support. The breakdown of this level will confirm the downward correction development and let the price decline to the 1.15356 level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the key correction target around the 1.14950 level which corresponds to the middle line of Bollinger Bands. 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: 1.15623, 1.15356, 1.14950. Resistance levels: 1.16006, 1.16300, 1.16577. Trading recommendations Short positions can be opened below the level of 1.15623 with the target at around 1.15320 and stop-loss at 1.15720. Long positions can be opened above the level of 1.16006 with the target at around 1.16300 and stop-loss at 1.15900. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 23, 2020 Report Share Posted July 23, 2020 USD/CAD: TECHNICAL ANALYSIS 23.07.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic amid the general weakness of the US dollar. At the moment the price has met the support at the level of 1.33983. The decisive breakdown of this level will be a signal of the downward trend resumption and give a prospect of decline to the area of 1.33667 support. As a strong support level, this mark can activate an upward rebound of the price. Meanwhile, the breakdown of this level can trigger a pair's active plunge to the area of 1.33300-1.33144. Alternative scenario If the instrument cannot consolidate below the level of 1.33983, it will try to re-test the 1.34259 resistance. The breakout and pair’s sustained trading above this level will be a signal of the upward correction development and let the price grow to the area of 1.34583-1.34790. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.34888. In this case, the next targets of buyers will be the level of 1.35193-1.35367. 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: 1.33983, 1.33667, 1.33300, 1.33144. Resistance levels: 1.34277, 1.34583, 1.34888, 1.35193. Trading recommendations Short positions can be opened below the level of 1.33983 with the target at around 1.33667 and stop-loss at 1.34088. Long positions can be opened above the level of 1.34277 with the target at around 1.34583 and stop-loss at 1.34180. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 23, 2020 Report Share Posted July 23, 2020 USD/CHF: TECHNICAL ANALYSIS 23.07.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price is approaching strong support in the region of 0.92773. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 4-month lows around the 0.92468-0.92163 levels. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakdown of 0.92163 and the pair’s sustained trading below 0.92000 will be a signal of the downward trend resumption and let the price decline to the area of 0.91700-0.91400. Alternative scenario The upward rebound from 0.92773 and pullback above the 0.92957 will let the price growth to the area of 0.93079 level. This mark will be a first resistance which can activate a downward rebound. However, the breakout of 0.93079 will be a signal of the upward correction development and let the price grow to the level of 0.93384, which seems a key target of the correction. 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: 0.92773, 0.92468, 0.92163. Resistance levels: 0.93079, 0.93384, 0.93689. Trading recommendations Short positions can be opened below the level of 0.92773 with the target at around 0.92468 and stop-loss at 0.92874. Long positions can be opened above the level of 0.93079 with the target at around 0.93384 and stop-loss at 0.92977. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 24, 2020 Report Share Posted July 24, 2020 GBP/USD: TECHNICAL ANALYSIS 24.07.20 Current trend GBP/USD is in the stage of a downward correction after growing to the level of 1.27721. The main target of the correction is the level of 1.27150, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.26953 level. As strong support, this mark can prevent the instrument from falling. However, the decisive breakdown of 1.26953 and the pair’s sustained trading below 1.26725 will be a signal of the downward trend resumption and let the price decline to the area of 1.26343. Alternative scenario If the instrument cannot consolidate below the level of 1.27286, it will try to re-test today's high 1.27721. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.28174 mark. Technical indicators Technical indicators reflect the moderate maintenance of the current downward correction. Bollinger Bands are converging on the background of bearish 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: 1.27150, 1.26953, 1.26725, 1.26343. Resistance levels: 1.27721, 1.28174, 1.28429. Trading recommendations Short positions can be opened below the level of 1.26953 with the target at around 1.26725-1.26600 and stop-loss at 1.27070. Long positions can be opened above the level of 1.27721 with the target at around 1.28100 and stop-loss at 1.27594. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 24, 2020 Report Share Posted July 24, 2020 USD/JPY: TECHNICAL ANALYSIS 24.07.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below the level of 106.445 and can decline to the level of 106.250. As the strong support, this level can activate an upward rebound of the price. However, the breakdown of the 106.250 level will be a signal of the downward trend resumption and let the price decline to the area of 106.055-105.839 area. Alternative scenario The upward rebound from 106.358 and pullback above the 106.520 will be a signal of the upward trend resumption and let the price grow to the area of 106.641 mark. This level seems a first strong resistance for the pair, which can stop the upward dynamic. Should prices continue growing above 106.641, the pair will aim for the key target of the upward correction at 106.836-106.950 area. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. One may speak about upward movement continuation after the price consolidates above the resistance level of 107.031. In this case, the next targets of buyers will be the area of 107.227-107.330. 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: 106.250, 106.055, 105.839. Resistance levels: 106.641, 106.836, 107.031, 107.227. Trading recommendations Short positions can be opened below the level of 106.250 with the target at around 106.055-105.950 and stop-loss at 106.350. Long positions can be opened above the level of 106.641 with the target at around 106.836-106.950 and stop-loss at 106.540. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 24, 2020 Report Share Posted July 24, 2020 AUD/USD: TECHNICAL ANALYSIS 24.07.20 Current trend On the 4-hour chart, the instrument is trading below the middle line of the Bollinger Bands suggesting bearish momentum. The instrument is testing the support level of 0.70801. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.70496 level. Alternative scenario The upward rebound from 0.70801 and pullback above 0.70900 will be a sign of the upward correction development and let the price grow to the area of 0.71106 level, which coincided with 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. Alternatively, a break of 0.71106 can accelerate the pair towards 0.71411 resistance. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging 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: 0.70801, 0.70496, 0.70190. Resistance levels: 0.71106, 0.70411, 0.71716. Trading recommendations Short positions can be opened below the level of 0.70801 with the target at around 0.70496 and stop-loss at 0.70902. Long positions can be opened above the level of 0.71106 with the target at around 0.71411 and stop-loss at 0.70010. Link to comment Share on other sites More sharing options...
broforex51 Posted July 26, 2020 Report Share Posted July 26, 2020 AUDJPY today as we see here, the price is going down, bearish trend, so you should open sell position, you can open sell position when the price touch resistance area at 75.736 with potential target up to 74.957 Link to comment Share on other sites More sharing options...
Andy.atx Posted July 27, 2020 Report Share Posted July 27, 2020 (ENGLISH) XAU/USD: TECHNICAL ANALYSIS 27.07.20 Current trend On the 4-hour chart, the instrument has tested the resistance level 1944.51 but cannot break through it. Now The price went down below the level of 1937.50 and can fall further to the level of 1930.00- 1921.88. This area will be the first strong support on the way of a downward correction. There is a chance of an upward rebound, while the breakdown of the lower border would allow the fall to continue to the area of 1913.31, then 1902.25 level. Alternative scenario If XAU/USD cannot consolidate below the level of 1930.85 during the short-term period, the upward movement restoration and retest of the level 1937.50-1944.51 area possible. This area seems a strong resistance zone, which can activate a downward rebound of the price. Meanwhile, the decisive breakout of the 1944.51 can accelerate the upward dynamic towards 1950.00-1955.00. 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 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: 1930.85, 1921.88, 1913.31, 1906.25. Resistance levels: 1937.50, 1944.51, 1950.00, 1953.13. Trading recommendations Short positions can be opened below the level of 1930.85 with the target at around 1925.00 and stop-loss at 1932.80. Long positions can be opened above the level of 1937.50 with the target at around 1942.50 and stop-loss at 1935.83. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 27, 2020 Report Share Posted July 27, 2020 NZD/USD: TECHNICAL ANALYSIS 27.07.20 Current trend On a 4-hour chart, The price has tested the resistance level of 0.66804 and was slightly corrected downwards, but the general upward trend still maintains. The main target of downward the correction is the level of 0.66528 which coincided with the middle line of Bollinger Bands. As the key target of the correction, this level can prevent the instrument from falling. However, the breakdown of this level will be a signal of the downward trend resumption and let the price decline to the area of 0.66223. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.66833, the growth can continue to the area of 0.67139. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the decisive breakout of this level will be a signal of the upward trend resumption. In this case, the buyers will aim for the 0.67444 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 is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 0.66528, 0.66223, 0.65918. Resistance levels: 0.66833, 0.67139, 0.67444. Trading recommendations Short positions can be opened below the level of 0.66528 with the target at around 0.66223 and stop-loss at 0.66625. Long positions can be opened above the level of 0.66833 with the target at around 0.67139 and stop-loss at 0.66731. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 27, 2020 Report Share Posted July 27, 2020 EUR/JPY: TECHNICAL ANALYSIS 27.07.20 Current trend EUR/JPY quotes attempted to grow, but reaching 123.854 mark moved to a downward correction. The first strong support for the pair is located on 123.438-123.347. The breakdown of the lower border will give a prospect of decline to the area of the next support at 123.00-122.656. This area seems a ket target of the sellers for the short-term period. There is a high chance of an upward rebound. However, the breakdown of the 122.656 and pair’s sustained trading below the level of 122.400 will be a signal of the downward trend resumption and give a prospect of decline to the area of 122.000. Alternative scenario The upward rebound from 123.438 level and pullback above 123.854 level ( the middle line of Bollinger bands) will be a signal of the upward trend resumption and let the price grow to the area of 124.219. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. One may speak about upward movement continuation after the price consolidates above the resistance level of 124.283. In this case, the buyers will aim for the 124.500-124.600 area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction. Support and resistance Support levels: 123.438, 123.000, 122.656, 122.400. Resistance levels: 123.854, 124.219, 124.500. Trading recommendations Short positions can be opened below the level of 123.438 with the target at around 123.100 and stop-loss at 123.550. Long positions can be opened above the level of 123.854 with the target at around 124.219 and stop-loss at 123.732. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 28, 2020 Report Share Posted July 28, 2020 USD/CAD: TECHNICAL ANALYSIS 28.07.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price went up above the level of 1.33667 and can grow further to the area of 1.33900-1.34033, which corresponds to the middle line of Bollinger Bands. There is a chance of a downward rebound, while the breakout of the upper border would allow the growth to continue to the area of 1.34277-1.34373. Alternative scenario The downward rebound from the middle line of Bollinger Bands could lead the price back to 1.33667 level. Additionally, pair’s sustained trading below this level will let the price re-test today's low at 1.33303. This level seems a strong support, which can activate an upward reverse of the price. Meanwhile, the decisive breakdown of this level can accelerate the plunge towards 1.33000 level. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are decreasing 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: 1.33667, 1.33303, 1.33000. Resistance levels: 1.34033, 1.34277, 1.34500. Trading recommendations Short positions can be opened below the level of 1.33600 with the target at around 1.33300 and stop-loss at 1.33700. Long positions can be opened above the level of 1.34033 with the target at around 1.34300 and stop-loss at 1.33944. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 28, 2020 Report Share Posted July 28, 2020 EUR/USD: TECHNICAL ANALYSIS 28.07.20 Current trend EUR/USD is in the stage of a downward correction after growing to the level of 1.17800. At the moment the price has met the support at the level of 1.17138. Assuming the pair’s ability to cross this mark, the level 1.16814 and the 1.16577 (the middle line of Bollinger bands) can be targeted if holding short positions. The level of 1.16577 seems a key correction target, which can activate an upward reverse of the price. However, the decisive breakdown of the 1.16500 will be a signal of the downward trend resumption and let the price decline to the area of 1.16200-1.16000. Alternative scenario The upward rebound from 1.17138 and pullback above 1.17493 will let the price re-test the yesterday's high at 1.17808. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.18000. In this case, the next targets of buyers will be the level of 1.18300-1.18400. 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: 1.17138, 1.16814, 1.16577. Resistance levels: 1.17798, 1.18300, 1.18600. Trading recommendations Short positions can be opened below the level of 1.17138 with the target at around 1.16814 and stop-loss at 1.17246. Long positions can be opened above the level of 1.18000 with the target at around 1.18300 and stop-loss at 1.17900. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 28, 2020 Report Share Posted July 28, 2020 USD/CHF: TECHNICAL ANALYSIS 28.07.20 Current trend The USD/CHF pair begins today’s trading with a slight bullish bias. The pair tested the local maximum at 0.92248 but cannot break through it. The upward trend will be restored after the price is set above the resistance level of 0.92300, which is the middle line of Bollinger Bands. In this case, the buyers will aim for the 0.92588-0.92773 resistance area. Alternative scenario If the pair cannot consolidate above the level of 0.92248 during the short-term period, the price can reverse and retest the support level of 0.91930. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 0.91651. This level seems a strong support, which can activate an upward rebound of the price. However, the breakdown of this level and pair’s sustained trading below 0.91553 can trigger the pair’s active plunge to the area of 0.91200-0.91000. Technical indicators Technical indicators mostly keep a buy signal, but the downward movement resumption is possible in the short term. 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: 0.91930, 0.91661, 0.91300, 0.91000. Resistance levels: 0.92248, 0.92588, 0.92773. Trading recommendations Short positions can be opened below the level of 0.91930 with the target at around 0.91660 and stop-loss at 0.92020. Long positions can be opened above the level of 0.92248 with the target at around 0.92550 and stop-loss at 0.92147. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 29, 2020 Report Share Posted July 29, 2020 Current trend GBP/USD is in the stage of a downward correction after falling to the level of 1.29516. If the current trend maintains, the pair will able to reach the 1.28784 support-line. This level seems first strong support, which can activate an upward rebound of the price. On the flip side, the decisive breakdown of this level is needed to confirm the development of the downward correction. In this case, the buyers will aim for the 1.28593-1.28400 area, which coincided with the middle line of Bollinger Bands. Alternative scenario If the instrument cannot consolidate below the level of 1.29100 during the short-term period, it will try to re-test the 1.29395-1.29516 resistance area. The upward trend will be restored after the price is set above the level of 1.29600. In this case, the buyers will aim for the 1.30000. 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: 1.29112, 1.28784, 1.28400. Resistance levels: 1.29395, 1.29600, 1.30000. Trading recommendations Short positions can be opened below the level of 1.29100 with the target at around 1.28800 and stop-loss at 1.29200. Long positions can be opened above the level of 1.29600 with the target at around 1.29900 and stop-loss at 1.29500. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 29, 2020 Report Share Posted July 29, 2020 USD/JPY: TECHNICAL ANALYSIS 29.07.20 Current trend The USD/JPY pair begins today’s trading with a sideway dynamic in the narrow side channel 105.031-105.237 after a significant decline over the past week. If the sellers manage to decline the rate below the level of 104.953, the downward movement can continue to the area of 104.688. This level seems a strong support, which can activate an upward rebound of the price. Meanwhile, the breakdown of 104.688 can accelerate the plunge towards 104.297-103.906. Alternative scenario The upward rebound from the 104.953 and pullback above the 105.237 resistance will be a signal of the upward correction development and let the price grow to the area of 105.469-105.520 (middle line of Bollinger bands). As the key target of the correction, this area can prevent the instrument from growing. One may speak about upward movement continuation after the price consolidates above the resistance level of 105.681. In this case, the buyers will aim for the 105.859-106.104. 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 a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 104.953, 106.688, 104.297, 103.906. Resistance levels: 105.237, 105.469, 105.681, 105.859. Trading recommendations Short positions can be opened below the level of 104.953 with the target at around 104.688 and stop-loss at 105.041. Long positions can be opened above the level of 105.237 with the target at around 105.500 and stop-loss at 105.149. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 29, 2020 Report Share Posted July 29, 2020 AUD/USD: TECHNICAL ANALYSIS 29.07.20 Current trend AUD/USD quotes attempted to grow, but reaching 0.71733 mark moved to a downward correction. The first strong support for the pair is located on the 0.71411 level. This mark can activate an upward rebound of the price. However, the breakdown of this level will confirm the downward development potential and let the price decline to the area of 0.71265 level, which coincided with the middle line of Bollinger Bands. As the key target of the correction, this level can prevent the instrument from falling. One may speak about downward movement continuation after the price consolidates below the support level of 0.71106. In this case, the sellers will aim for the 0.70801 level. Alternative scenario If the instrument cannot consolidate below the level of 0.71482 during the short-term period, it will begin to grow to the area of 0.71729. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.72021 level. 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: 0.71411, 0.71106, 0.70801. Resistance levels: 0.71733, 0.72021, 0.72350. Trading recommendations Short positions can be opened below the level of 0.71411 with the target at around 0.71120 and stop-loss at 0.71508. Long positions can be opened above the level of 0.71733 with the target at around 0.72021 and stop-loss at 0.71637. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 30, 2020 Report Share Posted July 30, 2020 NZD/USD: TECHNICAL ANALYSIS 30.07.20 Current trend The NZD/USD pair begins today’s trading with a slight bearish bias. The price went down below the level of 0.66415 and can fall further to the level of 0.66223. This level seems a strong support-line, which can activate an upward rebound of the price. However, the breakdown of 0.66223 and the pair’s sustained trading below 0.66137 level will be a signal of the downward trend resumption and let the price decline to the area of 0.65918. Alternative scenario The upward rebound from 0.66223 and pullback above the level 0.66439 will let the price grow to the area of 0.66528. The breakout and pair’s sustained trading above will be a sign of the upward correction development and let the price grow to the area of 0.66661 level ( middle line of Bollinger bands). As the key correction target, this level can activate a downward rebound of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.66833. In this case, the buyers will aim for the 0.67019-0.67139. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.66223, 0.65918, 0.65613. Resistance levels: 0.66528, 0.66833, 0.67139. Trading recommendations Short positions can be opened below the level of 0.66223 with the target at around 0.65918 and stop-loss at 0.66324. Long positions can be opened above the level of 0.66661 with the target at around 0.66950 and stop-loss at 0.66564. Link to comment Share on other sites More sharing options...
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