Technical Analysis

13 January 2021
  • 13:11

    The NZD / USD pair fell below MA (200) H1, but remains above MA (200) H4

    Today, the NZD/USD pair fell from $0.7240 to $0.7180, losing most of the positions won at the end of yesterday's trading. The pair fell below the moving average line of MA (200) H1 ($0.7220) and remains above MA (200) H4 ($0.7110) on the four-hour chart. In this situation, while it is worth sticking to the northern direction in trading and at the end of the correction, it may be necessary to look for exit points to buy.


    Resistance levels are: $0.7220-40, $0.7280, $0.7315

    Support levels are: $0.7145, $0.7085, $0.7030


    The main scenario for the pair's promotion - correction, growth to $0.7220-40 (December 31 and January 11 high, session maximum, MA (200) H1) and then may be to $0.7280 (January 8 high)

    An alternative scenario - breakout of the support of $0.7145 (January 11 low) and may be a decline of the pair to $0.7085 (December 28-29 low)



  • 13:03

    USD / JPY remains above MA (200) Н1

    Today, the USD/JPY pair is trading mainly with growth in the range of Y103.50-104.00, after falling during yesterday's US trading from Y104.30 to Y103.70. On the hourly chart, USD / JPY is trading above the moving average line of MA (200) H1 (Y103. 50), and on the four-hour chart it is testing MA (200) H4 (Y103.80). Technically speaking, a strong resistance level of Y104.40 can keep the pair from further growth. If it breaks through, the price may soar to Y104. 60-75. The most likely range of movement of the pair for today can be hidden within the existing range Y103. 50-104. 00

     

    Resistance levels are: Y104.00, Y104.40, Y104.60-75

    Support levels are: Y103.50, Y102.95, Y102.60


    The main scenario for the pair's promotion - breakout of the session high of Y104. 00 and the pair's growth to Y104. 40 (January 11 high)

    An alternative scenario - breakout of the session low and MA (200) H1 (Y103, 50) and, perhaps, the pair's decline to Y102. 95 (January 7 low)


  • 12:50

    USD / CHF remains above MA (200) H1

    Today, the USD/CHF pair rose from Chf0. 8850 to Chf0.8890, regaining some positions lost during yesterday's trading. Yesterday, the pair fell from Chf0. 8915 to Chf0.8860. On the hourly chart, the pair is trading above the moving average line of MA (200) H1 (Chf0. 8840), but on the four-hour chart it remains below MA (200) H4 (Chf0.8900). Technically speaking, a strong resistance level of Chf0. 8920 could keep USD / CHF from rising further. If it breaks through, the price may rise to Chf0. 8945. The most likely range of movement of the pair for today can be hidden within the range of Chf0. 8850-0. 8920



    Resistance levels are: Chf0.8920, Chf0.8945, Chf0.9010

    Support levels are: Chf0.8850, Chf0.8820, Chf0.8755-75


    The main scenario for the pair's promotion - correction, the pair's decline to Chf0. 8820 (January 8 low)

    An alternative scenario - if the resistance of Chf0. 8820 (December 24-28 and January 11 high) is broken, the pair can rise to Chf0. 8845 (December 7 high)

  • 12:28

    The GBP / USD pair rose again to the highs of the beginning of May 2018

    Today, the GBP / USD pair is trading in the range of $1.3650-1.3705-near the highs of the beginning of May 2018, reached earlier on January 4. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.3595), and on the four-hour chart it remains above MA (200) H4 ($1.3460). In this case, finding a sell position can probably be a wise decision for those who want to take advantage of the stronger British pound.


    Resistance levels are: $1.3705, $1.3795, $1.3935

    Support levels are: $1.3650, $1.3595, $1.3530


    The main scenario for the pair's promotion - growth to $1.3635 (January 8 high) and then maybe to $1.3585 (January 6 high)

    An alternative scenario -if the session low of $1.3650 is broken, the pair may decline to MA (200) H1 ($1.3595)


  • 12:14

    The EUR / USD pair is trading lower, but remains above the MA (200) H4

    Today, the EUR / USD pair fell from $1.2220 to $1.2160, losing most of the positions won at the end of yesterday's trading. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.2240), and on the four-hour chart it is testing MA (200) H4 ($1.2160). Technically speaking, a strong support level of $1.2130 could keep EUR / USD from falling further. If it breaks through, the price may fall to $1.2105. The most likely range of movement of the pair for today can be hidden within the existing range of $1.2130-1.2245.


    Resistance levels are:$1.2220-45, $1.2285, $1.2310

    Support levels are: $1.2130, $1.2105, $1.2060


    The main scenario for promoting the pair  - correction and may be an increase to $1.2220-45 (session high, MA (200) H1)

    An alternative scenario - breakout of support at $1.2130 (December 21 and January 11 low) and may be a decline to $1.2105 (December 11 low)


  • 07:16

    USD/CAD remains below MA 200 H1

    Yesterday, the USD/CAD was trading lower and closed the day in the red around the C$1.2715. Today it was trading in a narrow range of $1.2705-20, staying close to yesterday's closing price. On the hourly chart, USD/CAD is still trading below the MA line (200) H1 (C$1.2720). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/CAD remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: С$1.2775-90, С$1.2830, С$1.2875

    • Support levels are at: C$1.2660, C$1.2630, C$1.2600

    Probably, the main scenario - is the continuation of the decline to C$1.2660 (Jan 8 low). An alternative scenario - may be final consolidation above MA (200) H1 with a subsequent rise to C$1.2830 (Jan 11 high).

  • 06:59

    AUD/USD remains above MA 200 H1

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7770. Today it was trading in a narrow range of $0.7760-80, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7735). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the AUD/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $0.7795, $0.7820, $0.7900

    • Support levels are at: $0.7700, $0.7665, $0.7640

    Probably, the main scenario - is the continuation of the upward movement to $0.7795 (Jan 8 high). An alternative scenario - may be consolidation below MA 200 H1 with a subsequent decline to $0.7640 (Jan 4 low).

  • 06:38

    Gold remains below MA 200 H1

    Yesterday the XAU/USD traded in different directions in the range of $1835-$1863 and closed the day without significant changes. Gold also traded in a narrow range of $1854-62 today, staying close to yesterday's closing price. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1898). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the XAU/USD remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: $1866, $1894, $1927

    • Support levels are at: $1816, $1807, $1785

    Probably, the main scenario - is the continuation of the downward movement to $1816 (Jan 11 low). An alternative scenario - may be consolidation above the MA 200 H1 with a subsequent rise to $1859 (Jan 6 high).

  • 06:20

    Oil continues to rise yesterday

    Brent crude traded higher yesterday and closed the day in positive territory around $56.60. Today oil also rose slightly, rising to $57.40. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($53.50). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading, and while Brent remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $57.40, $58.00, $59.00

    • Support levels are at: $56.05, $55.00, $53.90

    Probably, the main scenario - is a subsequent rise to $57.40 (session high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $50.45 (Jan 4 low).

  • 05:56

    USD/JPY continues to decline yesterday

    Yesterday, the USD/JPY was trading lower and closed the day in the red around the Y103.70. It also dropped slightly today, dropping to Y103.50. On the hourly chart, USD/JPY is still trading above the MA line (200) H1 (Y103.45). On the four-hour chart, it remains below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the north direction in trading and while the USD/JPY remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: Y104.30-40, Y104.70, Y105.10

    • Support levels are at: Y103.35, Y102.95, Y102.60

    Probably, the main scenario - is the continuation of the upward movement to Y104.30 (Jan 12 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to Y102.60 (Jan 6 low).

  • 05:44

    USD/CHF remains above MA 200 H1

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.8860. Today it traded in a narrow range of Chf0.8850-65, staying close to yesterday's closing price. On the hourly chart, USD/CHF is still trading above the MA line (200) H1 (Chf0.8835). On the four-hour chart, it remains below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the north direction in trading and while the USD/CHF remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: Chf0.8915-20, Chf0.8945, Chf0.9010

    • Support levels are at: Chf0.8820, Chf0.8785, Chf0.8760

    Probably, the main scenario - is a further rise towards Chf0.8915 (Jan 12 high). Alternative scenario - may be final consolidation below MA 200 H1, followed by a decline towards Chf0.8760 (Jan 6 low).

  • 05:21

    GBP/USD continues to rise yesterday

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around the $1.3665. Today it also rose slightly, rising to $1.3690. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3590). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1.3700, $1.3785, $1.3935

    • Support levels are at: $1.3620, $1.3540, $1.3450

    Probably, the main scenario - is an increase to $1.3700 (Jan 4 high). An alternative scenario - may be consolidation below the MA 200 H1 level with a subsequent decline to $1.3450 (Jan 11 low).

  • 05:04

    EUR/USD remains below MA 200 H1

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around $1.2205. Today it was trading in a narrow range of $1.2205-20, staying close to yesterday's closing price. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.2250). On the four-hour chart, it remains above the MA 200 H4 line for now. Based on the above, it is probably worth sticking to the south direction in trading and while the EUR/USD remains below MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.

    • Resistances levels are at: $1.2280, $1.2345-50, $1.2400

    • Support levels are at: $1.2130-35, $1.2105, $1.2060

    Probably, the main scenario - is the continuation of the decline to $1.2135 (Jan 12 low). An alternative scenario - may be consolidation above the MA 200 H1, with a subsequent rise to $1.2350 (Jan 6 high).

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