Technical Analysis

13 September 2021
  • 12:36

    NZD / USD tests MA (200) H1

    Today, the NZD/USD pair is trading in the range of $0.7095-0.7120 and is testing the MA (200) H1 moving average line ($0.7110) on the hourly chart. On the four-hour chart, the pair is trading above MA (200) H4 ($0.7010). In this situation, it is probably necessary to stick to the northern direction in trading and it is worth looking for exit points to buy.


    Resistance levels are: $0.7155-70, $0.7210, $0.7270

    Support levels are: $0.7075, $0.7035, $0.6985


    The main scenario for the pair's promotion — the resistance breakout is $0.7155-70 (September 3-7 and 10 high) and there may be an increase to $0.7210 (June 9-11 high)

    An alternative scenario — the pair may decline to $0.7075 (September 8 low)


  • 12:24

    USD/JPY is growing and testing MA (200) H1

    Today, the USD/JPY pair is trading mainly with an increase from Y109. 80 to Y110. 15 and is testing the MA (200) H1 (Y110.00) moving average line on the hourly chart. On the four-hour chart, the pair rose above MA (200) H4 (Y109. 90). Technically speaking, the session maximum of Y110. 15 can keep prices from further growth. The lower bound of Y109.80 represents the support level. The most probable range of the pair's movement for today can be hidden within the range Y109. 80-110.15.

     

    Resistance levels are: Y110.15, Y110.45, Y110.80

    Support levels are: Y109.80, Y109.60, Y109.40


    The main scenario for the pair's promotion — breakout of the session maximum of Y110. 15 and there may be an increase of Y110. 45 (September 8 high)

    An alternative scenario — correction and may be a decrease to the session minimum of Y109. 80

  • 12:03

    USD/CHF the pair rose to a one-month high

    Today, the USD/CHF pair rose from Chf0. 9180 to Chf0.9240, reaching a one-month high. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0. 9170). On the four-hour chart, the pair remains above MA (200) H4 (Chf0. 9145). Technically speaking, the resistance of Chf0. 9240 can keep the pair from growing. If it breaks through, prices may rise to Chf0. 9265-75. The lower bound of Chf0. 9150-70 represents the support level.


    Resistance levels are:Chf0.9240, Chf0.9265-75, Chf0.9315

    Support levels are: Chf0.9150-70, Chf0.9100-15,  Chf0.9050


    The main scenario for the pair's promotion — if the resistance of Chf0. 9240 (August 11 high) is broken, the pair can rise to Chf0. 9265-75 (July 1-2 and 7 highs)

    An alternative scenario — correction and may be a decrease to Chf0. 9150-70 (September 10 low, MA (200) H1)


  • 11:41

    GBP/USD is testing MA (200) H1

    Today, the GBP/USD pair is trading in the range of $1.3795-$1.3845 and on the hourly chart has risen above the MA (200) H1 moving average line ($1.3815). The situation is similar on the four-hour chart. Technically speaking, the resistance of $1.3845 can keep the pair from further growth. If it breaks through, prices may rise to $1.3890. The session low of $1.3795 represents support levels. The most likely range of the pair's movement for today may be hidden within the range of $1.3795-$1.3845.


    Resistance levels are: $1.3845, $1.3890, $1.3930

    Support levels are: $1.3795, $1.3750, $1.3725


    The main scenario for the pair's promotion — break of the session high of $1.3845 and there may be an increase to $1.3890 (September 3 high)

    An alternative scenario — if the session low of $1.3795 is broken, the pair may fall to $1.3750 (September 9 low)


  • 11:17

    EUR / USD fell to a two-week low

    Today, the EUR / USD pair is trading with a decrease from $1.1815 to $1.1775, having reached a two-week low. The pair broke through the support of $1.1800, which became the nearest resistance. On the hourly chart, the pair fixed below the moving average line MA (200) H1 ($1.1840) and on the four-hour chart it fell below MA (200) H4 ($1.1795). In this situation, it is probably necessary to start following the southern direction in trading, and it may be worth starting to look for exit points for sale.


    Resistance levels are: $1.1800, $1.1840-50, $1.1885

    Support levels are: $1.1725, $1.1665, $1.1600

    The main scenario for promoting the pair  — the downward movement is likely to continue to $1.1725 (August 24-25 low)

    An alternative scenario — correction and there may be an increase to $1.1840-50 (September 10 high, MA (200) H1)

  • 06:19

    The USD/CAD continues to test the MA 200 H1 resistance

    On Friday, the USD/CAD was trading higher and closed the day in positive territory around the C$1.2685. Today it was trading in a narrow range of C$1.2665-90, staying close to Friday's closing price. On the hourly chart, USD/CAD continues to test the resistance - the MA (200) H1 (С$1.2605) moving average line. The situation is similar on the four-hour chart. Based on the above, 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 at the end of the correction.

    • Resistances levels are at: С$1.2725, С$1.2760, С$1.2780

    • Support levels are at: C$1.2580, C$1.2520, C$1.2490

    Probably, the main scenario is a continuation of the decline to C$1.2580 (Sep 10 low). An alternative scenario is consolidation above MA (200) H1 with a subsequent rise to C$1.2760 (Sep 8 high).

  • 06:03

    AUD/USD is testing support for MA 200 H1

    AUD/USD traded lower on Friday and closed the day in the red around $0.7350. Today it was trading in a narrow range of $0.7355-70, staying close to Friday's close. On the hourly chart, AUD/USD is testing the strength of the support - the moving average line MA (200) H1 ($0.7385). 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 northern direction in trading and while the AUD/USD 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: $0.7405, $0.7465-75, $0.7500

    • Support levels are at: $0.7330, $0.7285-90, $0.7235

    Probably, the main scenario is an upward movement to $0.7405 (Sep 10 high). Alternative scenario is consolidation below MA 200 H1, followed by a decline to $0.7235 (Aug 27 low).

  • 05:38

    Gold remains below MA 200 H1

    The XAU/USD traded lower on Friday and closed the day in the red around $1787. Gold traded in the $1783-92 range today, staying close to yesterday's closing price. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1807). 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 entry points to sell on the formation of a correction.

    • Resistances levels are at: $1803, $1814, $1827

    • Support levels are at: $1782, $1774, $1756

    Probably, the main scenario is a downtrend to $1782 (Sep 8 low). An alternative scenario is a final consolidation above the MA 200 H1, followed by a rise to $1833 (Sep 3 high).

  • 05:21

    Oil stays above MA 200 H1

    Brent crude traded higher on Friday and closed the day in positive territory around $73.25. Oil is also slightly higher today, rising to $73.90. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($72.85). 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 Brent remains above MA 200 H1, it may be necessary to look for buy entry points for the formation of a correction.

    • Resistances levels are at: $74.35, $75.45, $76.35

    • Support levels are at: $72.85, $71.15-40, $70.50-65

    Probably, the main scenario is a further rise to $74.35 (Sep 3 high). An alternative scenario is consolidation below MA 200 H1 with a subsequent decline to $67.00 (low of the American session on Aug 23).

  • 04:52

    USD/JPY remains below MA 200 H1

    On Friday, the USD/JPY was trading higher and closed the day in positive territory around the Y109.90. Today it was trading in a narrow range of Y109.80-95, staying close to Friday's close. On the hourly chart, USD/JPY is still trading below the moving average MA (200) H1 (Y109.95). 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/JPY remains below MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.

    • Resistances levels are at: Y110.25, Y110.45-55, Y110.80

    • Support levels are at: Y109.60-65, Y109.40, Y109.10-15

    Probably, the main scenario is the continuation of the downward movement to Y109.65 (Sep 9 low). An alternative scenario is consolidation above MA 200 H1, followed by a rise to Y110.55 (Aug 12 high).

  • 04:39

    The USD/CHF continues to test the MA 200 H1 resistance

    On Friday, the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9180. Today it was trading in a narrow range of Chf0.9180-90, staying close to Friday's close. On the hourly chart, USD/CHF continues to test the resistance - the MA (200) H1 (Chf0.9165) moving average line. The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading and while the USD/CHF 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: Chf0.9200, Chf0.9235-40, Chf0.9265-70

    • Support levels are at: Chf0.9150, Chf0.9135, Chf0.9100-15

    Probably, the main scenario is a subsequent decline to Chf0.9150 (Sep 10 low). Alternative scenario is consolidation above MA 200 H1, with further advance towards Chf0.9240 (Aug 11 high).

  • 04:19

    GBP/USD remains above MA 200 H1

    On Friday, the GBP/USD traded in different directions in the range of $1.3825-85 and closed the day without significant changes. Today it was trading in a narrow range of $1.3825-45, staying close to Friday's close. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3805). 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 for the formation of a correction.

    • Resistances levels are at: $1.3885-90, $1.3925, $1.3945-55

    • Support levels are at: $1.3810, $1.3755, $1.3730

    Probably, the main scenario is continued growth to $1.3885 (Sep 10 high). An alternative scenario is consolidation below the MA 200 H1 level with a subsequent decline to $1.3680 (Aug 27 low).

  • 03:58

    The EUR/USD continues to test the MA 200 H1 support

    The EUR/USD was trading lower on Friday and closed the day in the red around the $1.1810. It also dropped slightly today, dropping to $1.1800. On the hourly chart, EUR/USD is testing the strength of the support - the moving average line MA (200) H1 ($1.1840). On the four-hour chart, it remains above the MA 200 H4 line for now. Based on the foregoing, it is probably worth adhering to the northern direction in trading and until the EUR/USD finally consolidates below MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.

    • Resistances levels are at: $1.1850, $1.1885, $1.1905

    • Support levels are at: $1.1785-95, $1.1725-35, $1.1705

    Probably, the main scenario is continued growth to $1.1850 (Sep 10 high). An alternative scenario is a final consolidation below the MA 200 H1, followed by a decline to $1.1735 (Aug 27 low).


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