Andy.atx Posted July 30, 2020 Share Posted July 30, 2020 XAU/USD: TECHNICAL ANALYSIS 30.07.20 Current trend XAU/USD is in the stage of a downward correction after growing to the level of 1980.70. The key target of the correction is located on the 1951.41 level, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would accelerate the plunge towards 1947.50-1937.50. 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 1937.50 can trigger a pair's active decline to the area of 1922.63. Alternative scenario The upward rebound from the middle line of Bollinger Bands can lead the price back to 1968.75-1971.27 resistance-area. One may speak about upward movement continuation after the price consolidates above the resistance level of 1980.70. In this case, the buyers will aim for 1985.00-1990.00 area. 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 is pointed downwards. Support and resistance Support levels: 1951.41, 1947.50, 1943.00, 1397.50. Resistance levels: 1968.75, 1971.27, 1980.00, 1985.00. Trading recommendations Short positions can be opened below the level of 1951.41 with the target at around 1947.50 and stop-loss at 1952.70. Long positions can be opened above the level of 1971.27 with the target at around 1977.00 and stop-loss at 1969.37. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 30, 2020 Share Posted July 30, 2020 EUR/JPY: TECHNICAL ANALYSIS 30.07.20 Current trend The EUR/JPY pair begins today’s trading with a slight bullish bias. At the moment the price has met the resistance at the level of 123.846. If the "bulls" manage to raise the rate above this level, the upward dynamic can continue to the area of 124.219. This level seems a strong hurdle, which can activate a downward rebound. However, the breakout of 124.219 can accelerate the growth to the 124.422 level (June max). The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 125.000 resistance. Alternative scenario The downward rebound from the 123.975 and pullback below the level of 123.438 could lead the price back to 122.831 level. Pair sustained trading below this level will be a sign of the downward correction development and let the price decline to the area of 122.450 level (the middle line of Bollinger Bands). As the key correction target, this level can activate an upward rebound. Meanwhile, the breakdown of 122.400 will give a prospect of decline to the area of 121.875 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’s lines are pointed downwards keeping a sell signal. Support and resistance Support levels: 122.831, 122.478, 121.875. Resistance levels: 123.975, 124.283, 122.422, 125.000. Trading recommendations Short positions can be opened below the level of 122.831 with the target at around 122.478 and stop-loss at 122.948. Long positions can be opened above the level of 123.975 with the target at around 124.283 and stop-loss at 123.872. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 3, 2020 Share Posted August 3, 2020 GBP/USD: TECHNICAL ANALYSIS 03.08.20 Current trend On a 4-hour chart, the instrument is correcting up from the 1.30554 support level. If the "bulls" manage to raise the rate above the level of 1.31060, the correction can continue to the area of 1.31226 – 1.31531. This area seems a strong resistance zone, which can activate a downward rebound. However, the breakout of the upper border will let the price re-test the 5-month high at 1.31694. 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 1.31836. In this case, the next targets of buyers will be the level of 1.32000-1.32300. Alternative scenario Should prices continue slipping under 1.30554, the next target of the sellers will be the area of 1.30200 – 1.30000. The decisive break of 1.30000 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1.29700. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.30554, 1.30200, 1.30000,1.29700. Resistance levels: 1.31060, 1.31226, 1.31531, 1.31836. Trading recommendations Short positions can be opened below the level of 1.30554 with the target at around 1.30200 and stop-loss at 1.30640. Long positions can be opened above the level of 1.31100 with the target at around 1.31400 and stop-loss at 1.31000. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 3, 2020 Share Posted August 3, 2020 USD/JPY: TECHNICAL ANALYSIS 03.08.20 Current trend USD/JPY quotes attempted to grow, but reaching 106.425 mark moved to a downward correction. The first strong support for the pair is located on 105.699. The breakdown of this level is needed to confirm the downward correction development and let the price decline to the area of 105.469. There is a chance of an upward rebound, while its breakdown would accelerate the fall towards the key correction target at 105.110 level. Alternative scenario If the instrument cannot consolidate below the level of 105.199 during short term-period, it will begin to grow to the area of 106.250-106.425. As a strong resistance-zone, this area can prevent the instrument from growing. Though, buyers will look for successful trading above 106.500 to reach 106.800-107.000 resistance area. Technical indicators The technical picture is mixed. 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: 105.699, 105.469, 105.110. Resistance levels: 106.250, 106.425, 106.800, 107.000. Trading recommendations Short positions can be opened below the level of 105.699 with the target at around 105.400 and stop-loss at 105.798. Long positions can be opened above the level of 106.425 with the target at around 106.700 and stop-loss at 106.333. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 3, 2020 Share Posted August 3, 2020 AUD/USD: TECHNICAL ANALYSIS 03.08.20 Current trend AUD/USD is in the stage of upward correction after falling to the level of 0.71177, but the general downward trend is still maintained. The first strong resistance for the pair is located on a 0.71456 level. There is a chance of a downward rebound. However, the breakout of 0.71456 and pair’s sustained trading above 0.71500 will be a signal of the upward correction development and let the price grow to the 0.71716 level, which coincided with the middle line of Bollinger Bands. As the key correction target, this level can activate a downward rebound of the price. Meanwhile, pair’s sustained trading above 0.71800 will be a signal of the upward trend resumption and let the price grow to the area of 0.72021-0.72100. Alternative scenario The downward rebound from 0.71456 and pullback below the 0.71200 will let the price decline to the area of 0.71106. The breakdown of this level is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.70801 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 bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is in the oversold area and is pointed sideways. Support and resistance Support levels: 0.71106, 0.70801, 0.70496. Resistance levels: 0.71456, 0.71716, 0.72021. Trading recommendations Short positions can be opened below the level of 0.71106 with the target at around 0.70801 and stop-loss at 0.71200. Long positions can be opened above the level of 0.71456 with the target at around 0.71716 and stop-loss at 0.71369. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 4, 2020 Share Posted August 4, 2020 NZD/USD: TECHNICAL ANALYSIS 04.08.20 Current trend NZD/USD quotes attempted to grow, but reaching 0.66236 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.66043, the correction can continue to the area of 0.65918. Should prices continue slipping under this level, the mark of 0.65740, might try activating an upward rebound. One may speak about downward movement continuation after the price consolidates below the support level of 0.65613. In this case, the next targets of sellers will be the level of 0.65308. Alternative scenario If the instrument cannot consolidate below the level of 0.66000, it will begin to grow to the area of 0.66226 resistance. The breakout of this level will give a prospect of growth to the area of 0.66416-0.66528 (the middle line of Bollinger Bands). As a strong resistance area, this zone can prevent the instrument from growing. However, the decisive breakout of 0.66528 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.66833 level. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.65918, 0.65613, 0.65308. Resistance levels: 0.66236, 0.66528, 0.66833. Trading recommendations Short positions can be opened below the level of 0.65740 with the target at around 0.65450 and stop-loss at 0.65836. Long positions can be opened above the level of 0.66236 with the target at around 0.66528 and stop-loss at 0.66138. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 4, 2020 Share Posted August 4, 2020 XAU/USD: TECHNICAL ANALYSIS 04.08.20 Current trend XAU/USD quotes today continues to consolidate in the narrow side channel 1971.50-1978.53 after significant growth over the past two weeks. Technically the pair is trading above the middle line of Bollinger Bands, keeping a bullish potential. If the "bulls" manage to raise the rate above the level of 1978.54, the price will try to re-test the 1984.87 level. This mark seems a tough resistance which can activate a downward rebound of the price. However, the decisive break of 1985.00 can accelerate the growth towards 2000.00 round-figure (historical max). Alternative scenario The downward rebound from 1978.54 and pullback below 1971.50 will let the price re-test the support area 1968.75-1965.65 (the middle line of Bollinger bands). This area 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 1960.36. In this case, the sellers will aim for the 1955.00-1948.87 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 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: 1968.75, 1960.36, 1955.00, 1948.87. Resistance levels: 1978.54, 1984.87, 1990.00, 2000.00. Trading recommendations Short positions can be opened below the level of 1965.65 with the target at around 1960.00 and stop-loss at 1967.53. Long positions can be opened above the level of 1978.54 with the target at around 1984.87 and stop-loss at 1976.54. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 4, 2020 Share Posted August 4, 2020 EUR/JPY: TECHNICAL ANALYSIS 04.08.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price is approaching a strong resistance in the region of 125.000-125.199. There is a high chance of an upward rebound, while the breakout of the upper border would allow the growth to continue to the area of 125.391 level. This mark seems a strong hurdle, which can stop the upward dynamic due to profit-taking on long positions. Meanwhile, the decisive breakout of 125.400 could trigger a pair’s fresh run-up to a 1-year high surrounding 126.000. Alternative scenario The downward rebound from the 124.907 and pullback below 124.609 will be a sign of the downward correction development. In this case, a pair's decline to the area of 124.306 level is possible. The downward trend will be restored after the price is set below the level of 124.219, which is the middle line of Bollinger Bands. In this case, the sellers will aim for the 123.828 level. 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: 124.609, 124.219, 124.000, 123.828. Resistance levels: 125.000, 125.200, 125.391, 125.700. Trading recommendations Short positions can be opened below the level of 124.609 with the target at around 124.306 and stop-loss at 124.710. Long positions can be opened above the level of 125.200 with the target at around 125.450 and stop-loss at 125.116. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2020 Share Posted August 5, 2020 EUR/USD: TECHNICAL ANALYSIS 05.08.20 Current trend On a 4-hour chart, the instrument is trading above the middle line of Bollinger bands suggesting bullish momentum. If the bulls manage to raise the rate above the 1.18209, the next target of the buyers will be the area of 1.18408-1.18508 levels. This area can stop the upward dynamic and activate a downward rebound. However, the breakout of the 1.18508 and pair’s sustained trading above 1.18620 will be a signal of the upward trend resumption give a prospect of the growth to the area of 1.19019 resistance-line. Alternative scenario If the EUR/USD cannot consolidate above the level of 1.18408 during the short-term period, the downward correction and retest of the level 1.17798 ( the middle line of Bollinger Bands) are possible. As the key correction target, this level can activate an upward reverse of the price. Meanwhile, the decisive breakdown of the 1.17798 will be a signal of the downward trend resumption and let the price decline to the area of 1.17500-1.17188. Technical indicators Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed sideways. MACD is growing in a positive zone. Stochastic is in the overbought zone and is pointed upwards, reflecting the high possibility of upward movement continuation. Support and resistance Support levels: 1.17798, 1.17500, 1.17188. Resistance levels: 1.18408, 1.18700, 1.19019. Trading recommendations Short positions can be opened below the level of 1.17798 with the target at around 1.17500 and stop-loss at 1.17897. Long positions can be opened above the level of 1.18408 with the target at around 1.18700 and stop-loss at 1.18310. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2020 Share Posted August 5, 2020 USD/CAD: ANALISIS TEKNIS 05.08.20 Tren saat ini Pada grafik 4 jam, instrumen jatuh di sepanjang garis bawah Bollinger Bands. Harga turun di bawah level 1,33057 dan memiliki potensi untuk penurunan lebih lanjut ke level 1,32751 (terendah 6 bulan). Tanda ini dapat mencegah instrumen jatuh, karena kemungkinan kebalikan dari harga tinggi di sana. Sementara itu, terobosan 1,32751 dan perdagangan berkelanjutan pasangan di bawahnya akan memberikan prospek penurunan ke zona support berikutnya di sekitar level 1,32446. Skenario alternatif Rebound ke atas dari 1,32824 dan pullback di atas 1,33057 akan menjadi tanda pengembangan koreksi ke atas dan membiarkan harga tumbuh ke area 1,33362. Level ini dapat mengaktifkan rebound ke bawah, sementara terobosannya akan memungkinkan pertumbuhan untuk melanjutkan ke area 1,33667. Indikator teknis Indikator teknis sebagian besar mempertahankan sinyal jual, tetapi koreksi ke atas dimungkinkan dalam jangka pendek. Bollinger Bands berada di latar belakang momentum bearish. MACD tumbuh di zona negatif. Stochastic berada di area jenuh jual dan mengarah ke atas, mencerminkan kemungkinan tinggi pembentukan koreksi ke atas. Support dan resistance Level support: 1.32751, 1.32446, 1.32141. Level resistance: 1.33057, 1.33362, 1.33667. Rekomendasi trading Posisi sell dapat dibuka di bawah level 1.32751 dengan target di sekitar 1.32446 dan stop-loss di 1.32852. Posisi buy dapat dibuka di atas level 1.33057 dengan target di sekitar 1.33362 dan stop-loss di 1.32955. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2020 Share Posted August 5, 2020 USD/CHF: TECHNICAL ANALYSIS 05.08.20 Current trend On a 4-hour chart, the instrument is trading below the middle line of Bollinger Bands suggesting bearish momentum. If the current trend maintains, the next target of the sellers will be the 0.90942 level. There is a chance of an upward rebound, while its breakdown would accelerate the plunge towards 0.90553 level. Alternative scenario The upward rebound from the 0.91200 will let the price re-test the 0.91377 level, which coincided with the middle line of Bollinger Bands. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.91754. In this case, the buyers will aim for the 0.92163 resistance area. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.90942, 0.90553, 0.90332. Resistance levels: 0.91553, 0.91754, 0.92163. Trading recommendations Short positions can be opened below the level of 0.90942 with the target at around 0.90600 and stop-loss at 0.91056. Long positions can be opened above the level of 0.91754 with the target at around 0.92050 and stop-loss at 0.91655. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2020 Share Posted August 6, 2020 GBP/USD: TECHNICAL ANALYSIS 06.08.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price is approaching a strong resistance in the region of 1.31836. There is a high chance of a downward rebound. However, the decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.32100-1.32446 resistance area. Alternative scenario The downward rebound from the 1,31836 and pullback below the 1.31531 could lead the price back to 1.31226 support line. Should prices continue slipping under this level, the levels of 1.30920-1.30853 will be the next sellers' target. One may speak about downward movement continuation after the price consolidates below the support level of 1.30615. In this case, the sellers will aim for the 1.30300-1.30005 support zone. 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: 1.31226, 1.30920, 1.30615, 1.30300. Resistance levels: 1.31836, 1.32100, 1.32446. Trading recommendations Short positions can be opened below the level of 1.31226 with the target at around 1.30920 and stop-loss at 1.31328. Long positions can be opened above the level of 1.31836 with the target at around 1.32130 and stop-loss at 1.31738. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2020 Share Posted August 6, 2020 USD/JPY: TECHNICAL ANALYSIS 06.08.20 Current trend The USD/JPY pair begins today’s trading with a slight bearish bias. The first strong support for the pair is located on 105.317 level. Assuming the pair’s ability to cross this level the mark 105.078 can be targeted if holding short positions. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown of 105.078 and the pair’s sustained trading below 105.000 will be a signal of the downward trend resumption and give a prospect of decline to the area of 104.688. Alternative scenario The upward rebound from 105.317 and pullback above 105.600 will be a sign of the upward correction development and let the price grow to the area of 105.859 (the middle line of Bollinger bands). As the key correction target, this line can activate a downward rebound. However, the breakout of 105.859 and a sustained move above the 105.900 will let the price grow to the area of 106.250 resistance. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 105.317, 105.078, 104.688. Resistance levels: 105.600, 105.859, 106.250. Trading recommendations Short positions can be opened below the level of 105.317 with the target at around 105.020 and stop-loss at 105.416. Long positions can be opened above the level of 105.900 with the target at around 106.200 and stop-loss at 105.800. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2020 Share Posted August 6, 2020 AUD/USD: TECHNICAL ANALYSIS 06.08.20 Current trend AUD/USD quotes attempted to grow, but reaching 0.72155 mark moved to a downward correction. The strong support zone for the pair is located in the 0.71827-0.71716 range. There is a chance of an upward rebound, while the breakdown of the lower border would accelerate the plunge towards 0.71530 level. One may speak about downward movement continuation after the price consolidates below the support level of 0.71411. In this case, the sellers will aim for the 0.71106 level. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.72155, the pair will able to re-test yesterday's high at 0.72327-0.72403 area. This zone can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakout of the 0.72403 can trigger a pair’s fresh run-up to the 0.72632-0.72700 area. Technical indicators The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.71716, 0.71411, 0.71106. Resistance levels: 0.72155, 0.72327, 0.72632. Trading recommendations Short positions can be opened below the level of 0.71716 with the target at around 0.71411 and stop-loss at 0.71817. Long positions can be opened above the level of 0.72327 with the target at around 0.72632 and stop-loss at 0.72225. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2020 Share Posted August 7, 2020 NZD/USD: TECHNICAL ANALYSIS 07.08.20 Current trend NZD/USD is in the stage of a downward correction after growing to the level of 0.66898. The key target of the correction is the level of 0.66420, which corresponds to 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. The downward trend will be restored after the price is set below the level of 0.66376, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.66223-0.66071. Alternative scenario The upward rebound from the 0.66528 support-line and pullback above the 0.66681 level will be a sign of the upward movement resumption and let the price re-test the area of 0.66833-0.66898 levels. As a strong resistance zone, this area can activate a downward rebound of the price. However, the decisive breakout of the 0.66900 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.67139-0.67200 area. Technical indicators Technical indicators maintain a sell signal. 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: 0.66528, 0.66376, 0.66223, 0.66071. Resistance levels: 0.66681, 0.66833, 0.66986, 0.67139. Trading recommendations Short positions can be opened below the level of 0.66376 with the target at around 0.66071 and stop-loss at 0.66471. Long positions can be opened above the level of 0.66900 with the target at around 0.67200 and stop-loss at 0.66800. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2020 Share Posted August 7, 2020 XAU/USD: TECHNICAL ANALYSIS 07.08.20 Current trend On the 4-hour chart, the price has tested the resistance level of 2072.69 and was slightly corrected downwards. If the "bears" manage to decline the rate below the level of 2047.67, the correction can continue to the area of 2040.82-2031.25. The lower border of this range seems a key target of the correction and can activate an upward rebound of the price. However, the decisive breakdown of the 2031.00 will be a signal of the downward trend resumption and let the price decline to the area of 2021.18 level. Alternative scenario If the instrument cannot consolidate below the level of 2047.00 during the short-term period, it will try to re-test today's high at 2074.84. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of the 2075.00 can trigger a pair's active growth towards the area of 2080.00-2090.00. 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 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: 2047.67, 2040.82, 2031.25. Resistance levels: 2062.50, 2070.32, 2074.84, 2080.00. Trading recommendations Short positions can be opened below the level of 2047.67 with the target at around 2040.82 and stop-loss at 2050.00. Long positions can be opened above the level of 2064.00 with the target at around 2070.00 and stop-loss at 2062.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2020 Share Posted August 7, 2020 EUR/JPY: TECHNICAL ANALYSIS 07.08.20 Current trend On the 4-hour chart, the instrument is trading below the middle line of Bollinger Bands (125.000) suggesting the bearish momentum. The first strong support for the pair is located on the 124.827 level. The breakdown of this mark is needed to confirm the downward trend. In this case, the sellers will aim for the 124.609 level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 124.219 support-line. Alternative scenario The upward rebound from 124.827 and pullback above 125.100 will be a sign of the upward correction development and let the price grow to the area of 125.391. One may speak about upward movement continuation after the price consolidates above the resistance level of 125.580. In this case, the buyers will aim for the 125.781-125.900 resistance area. 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 has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 124.827, 124.609, 124.219. Resistance levels: 125.000, 125.391, 125.580, 125.781. Trading recommendations Short positions can be opened below the level of 124.827 with the target at around 124.600 and stop-loss at 124.902. Long positions can be opened above the level of 125.100 with the target at around 125.391 and stop-loss at 125.003. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 10, 2020 Share Posted August 10, 2020 EUR/USD: TECHNICAL ANALYSIS 10.08.20 Current trend The EUR/USD pair begins today’s trading with slight bearish bias amid the correction. At the moment the price has met the resistance at the level of 1.17979 which hinders the growth of quotes to the area of 1.18103-1.18256. This area seems a strong resistance zone, which can activate a downward rebound. However, the breakout of the 1.18256 will give a prospect of the growth to the key correction target at 1.18408-1.18502 zone. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of the upper border will be a signal of the upward trend resumption and let the price grow to the area of 1.18800. Alternative scenario If the price cannot consolidate above the level of 1.17979, the price can reverse and retest the support level of 1.17798. The pair’s sustained trading below this level will let the price retest the last weak low at 1.17546. As the strong support, this level can activate an upward reverse of the price. However, the breakdown of 1.17546 will be a signal of the downward trend resumption and let the price decline to the area of 1.17188 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 bearish momentum. MACD is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.17798, 1.17546, 1.17188. Resistance levels: 1.17979, 1.18256, 1.18408. Trading recommendations Short positions can be opened below the level of 1.17500 with the target at around 1.17200 and stop-loss at 1.17600. 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 August 10, 2020 Share Posted August 10, 2020 USD/CAD: TECHNICAL ANALYSIS 10.08.20 Current trend USD/CAD is in the stage of a downward correction after growing to the level of 1.33974. At the moment the price has met the support at the level of 1.13689. If the sellers manage to decline the rate below this level, the correction can continue to the area of 1.33362 support. There is a chance of an upward rebound, while its breakdown would allow the plunge to continue to the area of 1.33119 level (the middle line of Bollinger Bands), which is the key target of the downward correction. Alternative scenario The upward rebound from 1.33689 and pullback above the 1.33814 will be a signal of the upward correction development and let the price grow to the area of the last weak high 1.33973. The decisive breakout of 1.34000 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.34277 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: 1.33667, 1.33362, 1.33057. Resistance levels: 1.33973, 1.34277, 1.34583. Trading recommendations Short positions can be opened below the level of 1.33667 with the target at around 1.33362 and stop-loss at 1.33768. Long positions can be opened above the level of 1.34000 with the target at around 1.34277 and stop-loss at 1.33907. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 10, 2020 Share Posted August 10, 2020 USD/CHF: TECHNICAL ANALYSIS 10.08.20 Current trend The USD/CHF pair begins today’s trading with a slight bullish bias. Assuming the pair’s ability to continue the upward dynamic, the level of 0.91553 can be targeted if holding long positions. As a strong resistance, this level can activate a downward rebound of the price. Meanwhile, the decisive breakout of 0.91553 will be a signal of the upward trend resumption and accelerate the pair towards 0.91858 resistance. Alternative scenario If the price cannot consolidate above the level of 0.91354, the price can reverse and retest the support area 0.91188-0.91110. One may speak about downward movement continuation after the price consolidates below the support level of 0.90942. In this case, the sellers will aim for the 0.90637 level. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.91248, 0.90942, 0.90637. Resistance levels: 0.91553, 0.91858, 0.92163. Trading recommendations Short positions can be opened below the level of 0.90942 with the target at around 0.90637 and stop-loss at 0.91043. Long positions can be opened above the level of 0.91553 with the target at around 0.91858 and stop-loss at 0.91450. Link to comment Share on other sites More sharing options...
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