Technical Analysis

14 September 2021
  • 12:14

    NZD / USD tests MA (200) H1

    Today, the NZD/USD pair is trading within yesterday's range of $0.7095-0.7120 and is testing the MA (200) H1 moving average line ($0.7115) on the hourly chart. On the four-hour chart, the pair is trading above MA (200) H4 ($0.7015). 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: $0.7125, $0.7155-70, $0.7210

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


    The main scenario for the pair's promotion — resistance breakout is $0.7125 (September 13 high, session low) and there may be an increase to $0.7155-70 (September 3-7 and 10 highs)

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

  • 12:00

    USD/JPY is trading slightly above MA (200) H1

    Today, the USD/JPY pair is trading in the range Y109. 95-Y110. 15 and on the hourly chart it rose slightly above the moving average line MA (200) H1 (Y110.00). 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. 80-95 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: Y109.80-95, Y109.60, Y109.40


    The main scenario for the pair's promotion — breakout of the session maximum of Y110. 15 (September 13 high) 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. 80-95 (September 13 low, session minimum, MA (200) H1)

  • 11:45

    USD/CHF is trading near a one-month high

    Today, the USD/CHF pair is trading in the range of Chf0. 9205-30-about a one-month high. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0. 9175). On the four-hour chart, the pair remains above MA (200) H4 (Chf0. 9150). 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 session minimum of Chf0. 9205 represents the support level. The most probable range of the pair's movement for today can be hidden within the range of Chf0. 9205-40.



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

    Support levels are: Chf0.9205, Chf0.9175,  Chf0.9150


    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 — breakout of the session minimum of Chf0. 9205 and there may be a decrease to MA (200) H1 (Chf0. 9175)

  • 11:30

    GBP/USD is trading above MA (200) H1

    Today, the GBP/USD pair is trading mainly with an increase from $1.3830 to $1.3880 and on the hourly chart it rose above the MA (200) H1 moving average line ($1.3825). The situation is similar on the four-hour chart. Technically speaking, the resistance of $1.3890 can keep the pair from further growth. If it breaks through, prices may rise to $1.3930. The MA (200) H1 ($1.3825) level represents support. The most likely range of the pair's movement for today may be hidden within the range of $1.3825-90.


    Resistance levels are: $1.3890, $1.3930, $1.3960

    Support levels are: $1.3825, $1.3795, $1.3750


    The main scenario for the pair's promotion — growth to $1.3890 (September 3 high) and then, maybe, to $1.3930 (August 6 high)

    An alternative scenario — if the level of MA (200) H1 ($1.3825) is broken, the pair may fall to $1.3795 (September 13 low)

  • 11:19

    EUR / USD remains below MA (200) H1

    Today, the EUR / USD pair is trading in the range of $1.1800-30 and remains below the MA (200) H1 moving average line ($1.1840) on the hourly chart. On the four-hour chart, the pair is trading slightly above MA (200) H4 ($1.1795). Technically speaking, a strong resistance level of $1.1840-50 can keep prices from further growth. The lower limit of $1.1770 represents the support level. The most likely range of the pair's movement for today may be hidden within the range of $1.1770-$1.1850.


    Resistance levels are: $1.1840-50, $1.1885, $1.1910

    Support levels are: $1.1770, $1.1625, $1.1665

    The main scenario for promoting the pair  — correction and there may be a decline to $1.1770 (September 13 low)

    An alternative scenario — the pair may grow to $1.1840-50 (September 10 high, MA (200) H1)

  • 06:18

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

    Yesterday, the USD/CAD was trading lower and closed the day in the red around the C$1.2640. Today it was trading in a narrow range of C$1.2640-55, staying close to yesterday's closing price. On the hourly chart, USD/CAD is testing the resistance - the MA (200) H1 (С$1.2610) 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 the 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).

  • 06:00

    AUD/USD continues to test support for MA 200 H1

    Yesterday the AUD/USD traded in different directions in the range of $0.7335-$0.7375 and closed the day without significant changes. Today it dropped slightly, dropping to $0.7350. On the hourly chart, AUD/USD continues to test the strength of the support - the moving average line MA (200) H1 ($0.7390). 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: $0.7330-35, $0.7285-90, $0.7235

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

  • 05:41

    Gold remains below MA 200 H1

    Yesterday the XAU/USD traded in different directions in the range of $1783-$1798 and closed the day without significant changes. Gold also traded in a narrow range of $1789-93 today, staying close to yesterday's closing price. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1804). 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 for 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).

  • 05:23

    Oil is trading near 6-week high

    Brent crude traded higher yesterday and closed the day in positive territory around $74.00. Today oil is slightly higher, rising to the level of $74.35. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($72.95). 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: $73.40, $72.85, $71.15-40

    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).

  • 04:56

    The USD/JPY is testing the MA 200 H1 resistance

    Yesterday the USD/JPY was trading higher and closed the day in positive territory around the price of Y110.00. It also rose slightly today, rising to the Y110.10 level. On the hourly chart, USD/JPY is testing resistance - the MA (200) H1 (Y109.95) 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/JPY 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: Y110.25, Y110.45-55, Y110.80

    • Support levels are at: Y109.80, Y109.60-65, Y109.40

    Probably, the main scenario is the continuation of the downward movement to Y109.80 (low of the American session on Sep 10). An alternative scenario is consolidation above MA 200 H1, followed by a rise to Y110.55 (Aug 12 high).

  • 04:43

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

    Yesterday the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9225. Today it was trading in a narrow range of Chf0.9215-25, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing resistance - the MA (200) H1 (Chf0.9170) moving average line. 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 until the USD/CHF finally consolidates above MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.

    • Resistances levels are at: Chf0.9240, Chf0.9265-70, Chf0.9300

    • Support levels are at: Chf0.9185, Chf0.9150, Chf0.9135

    Probably, the main scenario is a subsequent decline to Chf0.9185 (low of the European session on Sep 13). Alternative scenario is consolidation above MA 200 H1, with further advance towards Chf0.9240 (Aug 11 high).

  • 04:22

    GBP/USD remains above MA 200 H1

    Yesterday the GBP/USD traded in different directions in the range of $1.3795-$1.3850 and closed the day without significant changes. It was also trading in a narrow range of $1.3835-50 today, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3820). 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: $1.3795, $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

    Yesterday the EUR/USD traded in different directions in the range of $1.1770-$1.1815 and closed the day without significant changes. Today it rallied slightly, rising to $1.1815. On the hourly chart, EUR/USD continues to test the strength of the support - the moving average line MA (200) H1 ($1.1840). 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 the EUR/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: $1.1850, $1.1885, $1.1905

    • Support levels are at: $1.1770, $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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