Technical Analysis

15 September 2020
  • 12:11

    NZD / USD pair rose above MA (200) H1

    Today, the NZD / USD pair is trading with an increase from $0.6680 to $0.6735 and has risen above the MA (200) H1 moving average line ($0.6680). On the four-hour chart, the pair is trading above MA (200) H4 ($0.6635). A strong resistance level of $0.6735 may keep NZD / USD from rising further. If it breaks through, the price may rise to $0.6790. The session low and MA (200) H1 ($0.6680) represents the support level. If this level is passed, the pair may follow a correction to $0.6640. The most likely range of price movements to date may be hidden within the $1 range.6680-1.6735.



    Resistance levels are at: $0.6735, $0.6790, $0.6840

    Support levels are at: $0.6680, $0.6640, $0.6600


    The main scenario for the pair's promotion - if the resistance breaks $0.6735 (September 4 high, session high), the pair is likely to rise to $0.6790 (September 2 high)

    An alternative scenario - breakout of the session low and MA (200) H1 ($0.6680) and likely decline to $0.6640 (September 10-11 low)


  • 11:50

    The USD / JPY pair fell to the lowest level since the beginning of September

    Today, by the beginning of European trading, the USD/JPY pair rose slightly from Y105.60 to Y105.80, but soon fell sharply to Y105. 50, reaching the lowest value since the beginning of September. The pair is trading below the moving average line of MA (200) H1 (Y106.10) and on the four - hour chart, the pair is below MA (200) H4 (Y106.00). USD/JPY has broken through the strong support level of Y105.60 (September 1 low) and may fall to Y105.10-20. The session high of Y105. 80 represents resistance. If this level is passed, USD/JPY may follow a correction to Y106.10-15. The most likely range of movement of the pair today may be hidden within the range of Y105.10-80.


    Resistance levels are at: Y105.80, Y106.10-15, Y106.40

    Support levels are at:  Y105.10-20, Y104.75, Y104.15


    The main scenario for the pair's promotion - it is likely to continue the downward movement to Y105.10-20 (August 19 and 28 lows)

    An alternative scenario - if the session high of Y105.80 breaks, the pair is likely to grow to Y106. 10-15 (September 14 high, MA (200) H1)


  • 11:31

    USD / CHF remains below MA (200) H1

    Today, the USD/CHF pair is trading with a slight decrease from Chf0. 9090 to Chf0.9050. On the hourly chart, the pair remains below MA (200) H1 (Chf0. 9120). The situation is similar on the four-hour chart. A strong support level of Chf0. 9050 keeps USD / CHF from further decline. If it breaks through, the pair may decline to Chf0. 9000. The Chf0.9100-20 area represents the resistance level. If it is passed, USD/CHF may follow a correction to Chf0. 9160. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9050-0.9120.


    Resistance levels are at:  Chf0.9100-20, Chf0.9160, Chf0.9200

    Support levels are at: Chf0.9050, Chf0.9000, Chf0.8940


    The main scenario for the pair's promotion - break in support of Chf0. 9050 (September 10 low), and a likely decline to Chf0.9000 (September 1 low).

    An alternative scenario - breakout of the Chf0.9100-20 area (September 10-14 highs, MA (200) H1), and the pair's likely growth to Chf0.9160 (September 6 high).


  • 11:21

    Vaccine hope brings good mood back

    Today the appetite is one of risk, animated by the signs that vaccines against Covd-19 may be on the way.

    European stocks are quoting in the green, driven by renewed hopes of a vaccine against the virus and a notion that a sharp fall in stocks may be recovered after the Nasdaq has registered the worst week since March.

    The Dollar is losing ground against the Euro and the Yen this Monday. The Dollar may prolong the recent downward trend this week.

    Oil prices remain high, with US producers watching Hurricane Sally and Libya planning to resume production.


    Disclaimer:

    Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

  • 11:18

    GBP / USD rose slightly, but remains near the lows of the end of July

    Today, the GBP / USD pair is trading with a slight increase in the range of $1.2820-1.2920, but will remain near the lows of the end of July reached last week. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3030) and on the four - hour chart-below MA (200) H4 ($1.3120), remaining under the control of bears. In this situation, it may be worth continuing to stick to the southern direction in trading, and consider selling during the correction.


    Resistance levels are at: $1.3030-35, $1.3175, $1.3320

    Support levels are at: $1.2760, $1.2720, $1.2640


    The main scenario for the pair's promotion - breakout of the session low of $1.2820 and support of $1.2760 (September 10-11 low) and a likely decline of the pair to $1.2720 (July 24 low).

    An alternative scenario - if the resistance breaks $1.3030-35 (September 9-10 highs, MA (200) H1), the pair is likely to grow to $1.3175 (September 4 low, September 8 high)


  • 11:03

    EUR / USD is trading above MA (200) H1

    Today, the EUR / USD pair is trading with growth (from $1.1860 to $1.1900) and is trading above the MA (200) H1 moving average line ($1.1830). The situation is similar on the four-hour chart. A strong resistance level ($1.1915-30) may keep EUR/USD from further growth. If it breaks through, the price may rise to $1.1965. Yesterday's low and MA (200) H1 ($1.1830) represents the support level. If this level is passed, the pair may follow a correction to $1.1800. The most likely range of price movement today may be hidden within the range of $1.1800-1.1930.

    Resistance levels are at: $1.1915-30, $1.1965, $1.2010

    Support levels are at: $1.1830, $1.1800, $1.1750


    The main scenario for promoting the pair  - continuation of the upward movement to $1.1915-30 (September 2 and 10 highs) and then growth to $1.1965 (August 31 high)

    An alternative scenario - break of yesterday's low and MA (200) H1 ($1.1830) and the pair's likely decline to $1.1800 (September 10 low)


  • 06:14

    USD/CAD is testing support for MA 200 H1

    Yesterday the USD/CAD traded in different directions in the range of С$1.3150-95 and closed the day without significant changes. Today it dropped slightly, falling to the level of С$1.3140. On the hourly chart, USD/CAD is testing the strength of the support - the MA line (200) H1 (C$1.3145). On the four-hour chart, it remains below the MA 200 H4 line. Based on the above, it is probably worth sticking to the northern direction in trading and while the USD/CAD 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: С$1.3205, С$1.3255, С$1.3295

    • Support levels are at: C$1.3120, C$1.3090, C$1.3045

    Probably, the main scenario - is continued growth to C$1.3205 (Sep 11 high). An alternative scenario - may be consolidation below MA (200) H1, followed by a decline to C$1.3045 (Sep 4 low).

  • 06:06

    The AUD/USD broke through and consolidated above the MA (200) H1

    Yesterday the AUD/USD traded in different directions in the range of $0.7265-00 and closed the day without significant changes. Today it rallied sharply to the $0.7335 level. On the hourly chart, AUD/USD has broken through and consolidated above the MA line (200) H1 ($0.7275). On the four-hour chart, it remains above the MA 200 H4 line. 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 to form a correction.

    • Resistances levels are at: $0.7365, $0.7410, $0.7500

    • Support levels are at: $0.7270, $0.7250, $0.7195-05

    The main scenario - is the continuation of the upward movement to $0.7365 (Sep 2 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $0.7205 (low of the European session on Sep 9).

  • 05:48

    Gold continues to rise yesterday

    Yesterday, the XAU/USD was trading higher and closed the day in positive territory around $1956. Gold is also slightly higher today, rising to $1966. On the hourly chart, XAU/USD has broken and consolidated above the moving average MA (200) H1 ($1939). On the four-hour chart, gold remains above the MA 200 H4 line for now. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the XAU/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

    • Resistances levels are at: $1971, $1992, $2015

    • Support levels are at: $1953, $1937-39, $1920

    Probably, the main scenario - is the continuation of the upward movement to $1971 (Sep 2 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $1920 (Sep 9 low).

  • 05:28

    Oil remains near 13-week low

    Yesterday, Brent crude traded in different directions in the range of $39.05-80 and closed the day without significant changes. Oil was also trading in a narrow range of $39.30-50 today, staying close to a 13-week low. On the hourly chart, Brent is still trading below the moving average MA line (200) H1 ($41.65). 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 Brent 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: $40.65-90, $42.05, $42.80

    • Support levels are at: $39.00, $36.90-15, $34.45

    Probably, the main scenario - is a subsequent decline to $39.00 (Sep 8 low). An alternative scenario -  may be consolidation above the MA 200 H1 with a subsequent rise to $44.15 (Sep 4 high).

  • 05:09

    USD/JPY is trading near 2-week low

    Yesterday the USD/JPY was trading lower and closed the day in the red around the Y105.70. Today it was trading in a narrow range of Y105.60-70, staying close to a 2-week low. On the hourly chart, USD/JPY is still trading below the moving average MA (200) H1 (Y106.15). 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 a sell entry point to form a correction.

    • Resistances levels are at: Y106.05, Y106.25, Y106.35

    • Support levels are at: Y105.55, Y105.20-30, Y105.00

    Probably, the main scenario - is the continuation of the downward movement to Y105.55 (Sep 14 low). An alternative scenario - final consolidation above MA 200 H1, followed by a rise to Y106.35 (Sep 8 high).

  • 04:39

    USD/CHF continues yesterday's decline

    Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9075. Today it also dropped slightly, dropping to Chf0.9065. On the hourly chart, USD/CHF has broken through and consolidated below the MA line (200) Н1 (Chf0.9120). 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/CHF remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.

    • Resistances levels are at: Chf0.9105-15, Chf0.9135, Chf0.9190-00

    • Support levels are at: Chf0.9050, Chf0.9000, Chf0.8900

    Probably, the main scenario - is a subsequent decline to Chf0.9050 (Sep 10 low). Alternative scenario - consolidation above MA 200 H1, with further advance towards Chf0.9190 (Sep 9 high).

  • 04:26

    GBP/USD is trading near 7-week low

    Yesterday the GBP/USD was trading slightly higher and closed the day in positive territory around $1.2845. Today it was trading in a narrow range of $1.2815-65, staying close to a 7-week low. On the hourly chart, GBP/USD is still trading below the moving average MA (200) H1 ($1.3050). 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 GBP/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: $1.2915, $1.2980, $1.3035

    • Support levels are at: $1.2765, $1.2720, $1.2675

    Probably, the main scenario - is the continuation of the decline to $1.2765 (Sep 11 low). An alternative scenario - may be consolidation above the MA 200 H1 level with a subsequent rise to $1.3235 (high of the European session on Sep 7).

  • 04:05

    EUR/USD continues to rise yesterday

    Yesterday the EUR/USD was trading higher and closed the day in positive territory around $1.1865. It has also increased slightly today, rising to $1.1890. On the hourly chart, EUR/USD has broken through and consolidated above the MA line (200) H1 ($1.1825). On the four-hour chart, it remains above the MA 200 H4 line. Based on the foregoing, 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 to form a correction.

    • Resistances levels are at: $1.0915-25, $1.1965, $1.2010

    • Support levels are at: $1.1835, $1.1800-10, $1.1755

    Probably, the main scenario - is continued growth to $1.1915 (Sep 10 high). An alternative scenario - consolidation below MA 200 H1, followed by a decline to $1.1755 (Sep 9 low).

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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.