Technical Analysis

2 December 2019
  • 12:46

    The NZD / USD pair trades with growth, peaking on August 12 ($0.6475)

    The NZD / USD pair is trading with growth, rising from $0.6425 to a maximum of August 12 ($0.6475). NZD / USD is trading above the MA (200) H1 moving average ($0.6420), and on the four-hour chart it remains above the MA (200) H4 ($0.6380).

    Resistance level are at: $0.6475, $0.6500, $0.6555

    Support levels are at:  $0.9430-35, $0.6380-95, $0.6355

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 12:33

    The USD/JPY retreated slightly from a six-month high

    The pair USD / JPY rose in early trading from Y109.50 to Y109.70, but later lost most of its gains and dropped to Y109.55. The pair continues to trade around a six-month high. USD / JPY remains above the moving average MA (200) H1 (Y109.00), and above MA (200) H4 (Y108.80).

    Resistance level are at: Y109.70-90, Y110.35, Y110.70

    Support levels are at:  Y109.30-40, Y108.85-109.00, Y108.45

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 12:20

    The USD / CHF is trading with a decrease, but remains above the MA (200) H1

    The pair USD / CHF fell during European trading to Chf0.9975, after rising on Friday to an almost two-month high of Chf1.0020. The pair remains above the moving average level MA (200) H1 (Chf0.9965), and on the four-hour chart is higher than MA (200) H4 (Chf0.9920).

    Resistance level are at: Chf1.0020-30, Chf1.0080-95, Chf1.0120

    Support levels are at: Chf0.9960-65, Chf0.9920, Chf0.9890


    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 12:05

    The GBP / USD remains above MA (200) H1

    The GBP / USD pair traded mainly with a decline, dropping to $1.2895 after a sharp increase at the end of trading on Friday from $1.2880 to $1.2940. Later the pair rose to $1.2940, I will return all the lost positions. GBP / USD is trading above MA (200) H1 ($1.2900), and on a four-hour chart above MA (200) H4 ($1.2880).

    Resistance level are at: $1.2940-50, $1.2970-85, $1.3010

    Support levels are at: $1.2880, $1.2815-25, $1.2770


    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 11:48

    EUR / USD is trading slightly below MA (200) H1

    The pair EUR / USD is trading with a slight decrease in the range of $1.1010-20, after it grew at the end of Friday's trading from $1.0990 to $1.1030. EUR / USD remains below the MA (200) H1 moving average ($1.1030), and significantly below the MA (200) H4 ($1.1075)

    Resistance level are at:  $1.1030, $1.1055, $1.1080-95

    Support levels are at: $1.0980-90, $1.0940, $1.0880

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 07:02

    The USD / CAD pair is testing MA (200) H1

    On Friday, the pair USD / CAD, after rising to C$1.3310, fell sharply towards the end of trading to C$1.3270. Today, the pair is trading mostly with growth, rising to C $1.3290.

    USD / CAD tests the level of the moving average MA (200) H1 (C $1.3290), and is trading much higher than MA (200) H4 (C $1.3190).


    Resistance level are at: С$1.3310-30, С$1.3350, С$1.3380

    Support levels are at: С$1.3255-70, С$1.3190-1.3210, С$1.3160

     

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

     


  • 06:48

    The pair AUD / USD rose, but remains below the MA (200)

    The pair AUD / USD has grown today and is trading around $0.6775, almost completely returning the positions lost on Friday. On Friday, the pair, after rising to $0.6780, later plummeted to $0.6750 and closed the session at about $0.6760. AUD / USD remains below MA (200) H1 ($0.6785), and well below MA (200) H4 ($0.6830). 

    Resistance level are at: $0.6790-0.6800, $0.6835, $0.6865

    Support levels are at:  $0.6755-60, $0.6710-20, $0.6690

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 06:28

    Gold is trading lower, below MA (200)

    The XAU / USD  pair is trading lower, having dropped from the beginning of trading from $1462 to $1459 after rising sharply from $1453 to $1466 at the end of trading on Friday. XAU / USD again fell below the moving average MA (200) H1 ($1462), and on the four-hour chart is trading well below MA (200) H4 ($1478).

    Resistance level are at: $1462-66, $1473, $1478

    Support levels are at:  $1449-52, $1445, $1430

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 06:06

    Brent crude retreated slightly from a one-week low of $61.00

    Brent crude oil fell sharply from $63.80 to $61.00 in late trading on Friday, hitting a one-week low. Today, oil has risen slightly in price and is trading around $61.80. Oil fell below the moving average MA (200) H1 ($62.90), but traded slightly above MA (200) H4 ($61.60)

    Resistance level are at: $62.75-90, $63.85, $64.30

    Support levels are at:  $61.00, $60.30, $59.10

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 06:03

    The USD/JPY retreated slightly from a six-month high

    The USD / JPY pair rose in early trading from Y109. 50 to Y109.70 after declining in late Friday trading from Y109.65 to Y109.40. The pair continues to trade near a six-month high.

    The USD / JPY remains above the moving average MA (200) H1 (Y109.00), and above MA (200) H4 (Y108.80).

    Resistance level are at: Y109.70-90, Y110.35, Y110.70

    Support levels are at:  Y109.30-40, Y108.85-109.00, Y108.45

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:50

    The USD / CHF is trading above MA (200) H1

    On Friday, USD / CHF rose from Chf0.9980 to Chf1.0020, but later declined and closed the session around Chf1.0000. Today, in early trading, the pair is trading in the range Chf0.9995-Chf1.0005.

    USD / CHF remains above the moving average MA (200) H1 (Chf0.9960), and above MA (200) H4 (Chf0.9920).


    Resistance level are at: Chf1.0020-30, Chf1.0080-95, Chf1.0120

    Support levels are at: Chf0.9960-80, Chf0.9920, Chf0.9890


    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:30

    The GBP / USD is trading slightly above MA (200) H1

    On Friday, at the end of trading, the GBP / USD pair rose sharply from $1.2880 to $1.2940 after earlier falling from $1.2920 to $1.2880. Today the pair started trading below the closing level of the Friday session-about $1.2910

    GBP / USD is trading above the moving average MA (200) H1 ($1.2895) and on the four-hour chart above MA (200) H4 ($1.2880)


    Resistance level are at: $1.2940-50, $1.2970-85, $1.3010

    Support levels are at: $1.2880, $1.2815-25, $1.2770


    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 05:16

    The EUR / USD is trading in a narrow range below MA (200)

    On Friday, the EUR / USD pair rose sharply in late trading from $1.0990 to $1.1027 after earlier falling from $1.1010 to $1.0980. Today, the pair started trading in a narrow range around $1.1020.  EUR / USD remains below the moving average MA (200) H1 ($1.1030), and well below MA (200) H4 ($1.1075)


    Resistance level are at:  $1.1030, $1.1055, $1.1080-95

    Support levels are at: $1.0980-90, $1.0940, $1.0880

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


Market Focus
  • Germany's trade surplus rose slightly in October
  • Swiss unemployment rate remained unchanged in November
  • UK economy showed no growth in October
  • Eurozone investor confidence rose sharply in December - Sentix

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