Technical Analysis

13 January 2020
  • 13:15

    NZD / USD is trading slightly above a three-week low

    Since the start of today's trading, the NZD / USD has risen from $0.6630 to $0.6650, but has fallen to $0.6620 during the European session. The pair is trading slightly above the three-week low and the psychological level of $0.6600 reached last week. NZD / USD fell below the moving average MA (200) H1 ($0.6660), but on the four-hour chart continues to trade well above MA (200) H4 ($0.6575).


    Resistance levels are at: $0.6650-60, $0.6680, $0.6710

    Support levels are at: $0.6590-0.6600, $0.6550, $0.6520

    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.

  • 13:01

    USD/JPY rose to more than seven-month high

    In European trading, USD / JPY rose from Y109.60 to Y109.90, after remaining within Friday's Y109.40-65 range since the beginning of the session. The pair rose, reaching a high on May 30. USD / JPY rose above the moving average MA (200) H1 (Y108.80), and on the four-hour chart is trading above MA (200) H4 (Y109.05).

    Resistance levels are at: Y109.90, Y110.35, Y110.70

    Support levels are at: Y109.40, Y108.80-109.00, Y108.20

    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.

  • 12:44

    USD/CHF is trading in a narrow range, slightly above MA (200) H1.

    Today, USD/CHF is trading in a narrow range of Chf0. 9720-35, after retreating from a ten-day high at the end of trading on Friday. Recall that on Friday, the pair rose to Chf0.9760, but in the course of U.S. trading declined and closed the session around Chf0.9720. USD/CHF is trading slightly above the MA (200) H1 moving average (Chf0. 9710).


    Resistance levels are at: Chf0.9760, Chf0.9800, Chf0.9830

    Support levels are at: Chf0.9710, Chf0.9645-65, Chf0.9620

    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.

  • 12:24

    Pound fell to a low on December 27.

    Today, GBP / USD is trading lower, reaching a low on December 27. The pair fell from the beginning of trading at $1.3060 to $1.3030, and during the European session fell to $1.2960. GBP / USD continues to trade below the moving average MA (200) H1 ($1.3120), and on the four-hour chart is testing MA (200) H4 ($1.3070)


    Resistance levels are at: $1.3010, $1.3095-1.3125, $1.3210

    Support levels are at: $1.2905, $1.2820, $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.

  • 12:04

    EUR / USD retreated slightly from a two-week low

    Today, EUR / USD is trading in the range of $1.1110-35, after retreating from a two-week low of $1.1085 by the end of trading on Friday. Recall that on Friday, the pair closed the session around $1.1120. EUR / USD is trading below the moving average MA (200) H1 ($1.1150), but on the four-hour chart rose slightly above MA (200) H4 ($1.1105).


    Resistance levels are at: $1.1150-70, $1.1205, $1.1280

    Support levels are at: $1.1065-85, $1.1040, $1.0980

    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.

  • 06:42

    USD/CAD continues to decline

    On Friday, USD/CAD was under pressure all day and closed the day with a decline in the red zone. Today the situation remains and USD/CAD fell to C$1.3050. On the hourly chart, USD/CAD still remains above the resistance line of the moving average MA (200) Н1 (С$1.3015) while on the four-hour chart, it is trading below MA (200) Н4 (С$1.3170).

    • Resistances levels are at: C $ 1.3075, C $ 1.3105, C $ 1.3120

    • Support levels are at: C $ 1.3015-30, C $ 1.2975, C $ 1.2955

    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.

  • 06:31

    The AUD/USD approached the resistance MA 200 H1

    On Friday, AUD/USD, pushing off from weekly lows, grew all day and closed the day in positive territory near the level of $0.6900. This morning AUD/USD continued to rise and rose to $ 0.6915. At the moment, AUD/USD has approached the line of resistance of the moving average MA (200) H1 ($ 0.6925) and intends to test it for strength. On a four-hour chart, AUD/USD is trading above MA (200) H4 ($ 0.6860).

    • Resistance levels are at: $ 0.6925, $ 0.6955-65, $ 0.6990

    • Support levels are at: $ 0.6875, $ 0.6850, $ 0.6835

    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.

  • 06:26

    Gold is under pressure

    Yesterday, XAU/USD continued to decline and closed the next day in negative territory near the level of $1551. Today, gold is also under pressure and has already fallen to $1545, remaining close to weekly lows. On the hourly chart, XAU/USD began yesterday to test the strength of the moving average line MA (200) H1 ($1545) for strength. At the same time, on the four-hour chart, the price is significantly higher than the MA (200) Н4 moving average line ($ 1487).

    • Resistances levels are at: $ 1561, $ 1578, $ 1611

    • Support levels are at: $ 1539, $ 1517-22, $ 1507-10

    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.

  • 06:15

    The cost of Brent continues to fall

    Yesterday, the price of Brent continued to decline and closed the day in negative territory near the level of $65.70. Today, oil is trading in a narrow range of $65.35-55, remaining close to yesterday's lows. On the hourly chart, Brent confidently broke through and fixed below the level of the moving average MA (200) H1 ($ 67.75). At the same time, on a four-hour chart, oil has just begun testing the MA (200) Н4 moving average line ($ 65.20) for strength.

    • Resistances levels are at: $66.65, $67.75, $69.30

    • Support levels are at: $64.85, $64.77, $64.19

    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.

  • 05:49

    USD/JPY is trading at weekly highs

    On Friday, USD/JPY rose to Y109.65 in the morning and updated a new weekly high. However, in the afternoon USD/JPY fell and closed the day near the opening price of the day. This morning, USD/JPY is trading in a narrow range of Y109.50-60, staying near weekly highs. On the hourly chart, USD/JPY is confidently trading above the level of the moving average MA (200) H1 (Y108.70). On the four-hour chart, the situation is similar.

    • Resistances levels are at: Y109.65, Y109.90-00, Y111.00

    • Support levels are at: Y109.45, Y109.00, Y108.60-75

    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.

  • 05:24

    USD/CHF retreated from weekly highs

    On Friday, USD/CHF in the morning managed to grow to Chf0.9760 and update weekly highs. However, in the afternoon USD/CHF began to fall, and eventually closed the trading day with a decline, near the level of Chf0.9725. This morning USD/CHF is trading in a narrow range of Chf0.9720-35, staying near Friday's closing price. Since Wednesday, USD/CHF has broken through the resistance level of the moving average MA (200) H1 (Chf0.9710) and has since been trading above this level. On the four-hour chart, USD/CHF remains well below MA (200) H4 (Chf0.9850).

    • Resistances levels are at: Chf0.9760, Chf0.9805, Chf0.9830

    • Support levels are at: Chf0.9710, Chf0.9690, Chf0.9665

    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

    GBP/USD remains under pressure

    On Friday, GBP/USD was mostly trading in the range of $1.3040-95 and closed the day with a slight decrease. This morning GBP/USD also fell, approaching the lows of last week. Thus, the pound remains under pressure and on the hourly chart remains below the MA (200) Н1 moving average line ($1.3115). At the same time, on the four-hour chart, the Briton continues to test the line of the moving average MA (200) H4 ($1.3065) for strength.

    • Resistance levels are at: $ 1.3095-15, $ 1.3170, $ 1.3210

    • Support levels are at: $ 1.3015, $ 1.2970, $ 1.2920

    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.

  • 04:57

    EUR/USD is growing

    On Friday, EUR/USD, the updated weekly low and fell to $1.1085. Nevertheless, at the level of positive territory, it is near the level of $1.1120. This morning euro is growing. In the moving average, the euro is (200) H1 ($ 1.1155). On the four-hour chart, EUR / USD is above MA (200) H4 ($ 1.1095).

    • Resistance levels are at: $ 1.1155-65, $ 1.1195-05, $ 1.1235

    • Support levels are at: $ 1.1110, $ 1.1085, $ 1.1065

    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.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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