Technical Analysis

15 September 2021
  • 12:21

    The NZD/USD pair is trading slightly below MA (200) H1

    Today, the NZD/USD pair is trading in the range of $0.7070-0.7110 and on the hourly chart it is trading below the MA (200) H1 moving average line ($0.7115). On the four-hour chart, the pair is trading above MA (200) H4 ($0.7020). 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, at the end of the correction.


    Resistance levels are: $0.7115, $0.7150-70, $0.7210

    Support levels are: $0.7070, $0.7035, $0.6985


    The main scenario for the pair's promotion — MA (200) H1 resistance breakout ($0.7115) and there may be an increase to $0.7150-70 (September 3-7, 10 and 14 highs)

    An alternative scenario — breakout of the session low of $0.7070 and there may be a decline to $0.7035 (September 1 low)


  • 12:05

    USD/JPY fell to a one-month low

    Today, the USD/JPY pair is trading with a decrease from Y109. 75 to Y109. 25, having fallen to a one-month low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Y109. 90) and on the four - hour chart-below MA (200) H4 (Y109.85). In this situation, it is probably worth starting to stick to the southern direction in trading, and maybe you should look for exit points for sale.

     

    Resistance levels are: Y109.50, Y109.75-95, Y110.15

    Support levels are: Y109.10, Y108.55-70, Y108.35


    The main scenario for the pair's promotion — continuation of the downward movement to Y109. 10 (August 16-17 low)

    An alternative scenario — correction and there may be an increase of Y109. 75-95 (session maximum, MA (200) H1)


  • 11:42

    USD/CHF tests MA (200) H1

    Today, the USD/CHF pair is trading with a decrease from Chf0. 9205 to Chf0.9165 and is testing the MA (200) H1 moving average line (Chf0.9180) on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 (Chf0. 9150). Technically speaking, the support of Chf0. 9150 can keep the pair from further decline. If it breaks through, prices may drop Chf0. 9100-15. The session high of Chf0. 9205 is a resistance level. The most probable range of the pair's movement for today can be hidden within the range of Chf0. 9150-0.9205.


    Resistance levels are: Chf0.9205, Chf0.9240, Chf0.9265-75

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


    The main scenario for the pair's promotion — if the support of Chf0. 9150 (September 10 low) is broken, the pair may fall to Chf0.9100-15 (August 30-31 and September 3 lows)

    An alternative scenario — correction and there may be an increase to the session maximum of Chf0. 9205


  • 11:16

    GBP/USD is testing MA (200) H1

    Today, the GBP/USD pair is trading in the range of $1.3790-$1.3840, after a sharp decline during yesterday's US trading from $1.3910 to $1.3800. On the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.3820). The situation is similar on the four-hour chart. Technically speaking, the session high of $1.3840 may keep the pair from further growth. If it breaks through, prices may rise to $1.3910. The session low of $1.3790 represents support. The most likely range of the pair's movement for today may be hidden within the range of $1.379-1.3840.


    Resistance levels are: $1.3840, $1.3910, $1.3960

    Support levels are: $1.3790, $1.3750, $1.3725


    The main scenario for the pair's promotion — break of the session high of $1.3840 and there may be an increase to $1.3910 (August 6 high)

    An alternative scenario — if the session low of $1.3790 is broken, the pair may fall to $1.3750 (September 9 low)


  • 10:58

    EUR / USD remains below MA (200) H1

    Today, the EUR / USD pair is trading with an increase in the range of $1.1800-30, but on the hourly chart it remains below the MA (200) H1 moving average line ($1.1835). On the four-hour chart, the pair is trading slightly above MA (200) H4 ($1.1790). Technically speaking, a strong resistance level of $1.1845-50 can keep prices from further growth. The lower limit of $1.1800 represents the support level. The most likely range of the pair's movement for today may be hidden within the range of $1.1800-50.


    Resistance levels are: $1.1845-50, $1.1885, $1.1910

    Support levels are: $1.1800, $1.1770, $1.1725

    The main scenario for promoting the pair  — the pair may grow to $1.1845-50 (September 8, 10 and 14 highs)

    An alternative scenario — if the support of $1.1800 (September 14 low, session minimum) is broken, the pair may fall to $1.1770 (September 13 low)

  • 06:22

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

    Yesterday the USD/CAD was trading higher and closed the day in positive territory around the C$1.2690. Today it was trading in a narrow range of C$1.2680-05, staying close to yesterday's closing price. On the hourly chart, USD/CAD is testing resistance - the MA (200) H1 (С$1.2620) 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$1.2580-00, C$1.2520, C$1.2490

    Probably, the main scenario is the continuation of the decline to C$1.2600 (Sep 14 low). An alternative scenario is consolidation above MA (200) H1 with a subsequent rise to C$1.2760 (Sep 8 high).

  • 06:01

    AUD/USD has consolidated below MA 200 H1

    Yesterday, the AUD/USD was trading lower and closed the day in the red around the $0.7315. Today it was trading in a narrow range of $0.7300-25, staying close to yesterday's closing price. On the hourly chart, AUD/USD has broken through and consolidated below the MA line (200) H1 ($0.7385). 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 AUD/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: $0.7370, $0.7405, $0.7465-75

    • Support levels are at: $0.7285-00, $0.7235, $​0.7200

    Probably, the main scenario is a downward movement to $0.7300 (session low). Alternative scenario is consolidation above MA 200 H1 with further advance to $0.7475 (Sep 3 high).

  • 05:34

    Gold tests MA 200 H1 resistance

    Yesterday, the XAU/USD was trading higher and closed the day in positive territory around the $1804. Today gold was trading in a narrow range of $1801-04, staying close to yesterday's closing price. On the hourly chart, XAU/USD is testing resistance - the MA (200) H1 ($1802) 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 XAU/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: $1814, $1827, $1833

    • Support levels are at: $1790, $1780, $1774

    Probably, the main scenario is a downward movement to $1790 (low of the American session on Sep 14). An alternative scenario is a final consolidation above the MA 200 H1, followed by a rise to $1833 (Sep 3 high).

  • 05:27

    Oil is trading near 6-week high

    Yesterday Brent crude was traded in different directions in the range of $73.40-$74.60 and closed the day without significant changes. Oil was also trading in a narrow range of $74.10-45 today, staying close to yesterday's closing price. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($73.10). 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: $74.60, $75.45, $76.35

    • Support levels are at: $73.40, $72.85, $71.15-40

    Probably, the main scenario is a subsequent rise to $74.60 (Sep 14 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).

  • 05:04

    USD/JPY remains below MA 200 H1

    The USD/JPY was trading lower yesterday and closed the day in the red around the Y109.70. It also dropped slightly today, dropping to Y109.55. 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 a sell entry point for the formation of a correction.

    • Resistances levels are at: Y109.90, Y110.15, Y110.40-45

    • Support levels are at: Y109.40-55, Y109.10-15, Y108.70

    Probably, the main scenario is the continuation of the downward movement to Y109.55 (Sep 14 low). An alternative scenario is consolidation above MA 200 H1, followed by a rise to Y110.45 (Sep 8 high).

  • 04:36

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

    The USD/CHF was trading lower yesterday and closed the day in the red around the Chf0.9200. Today it was trading in a narrow range of Chf0.9195-05, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing resistance - the MA (200) H1 (Chf0.9180) 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: Chf0.9225, Chf0.9240, Chf0.9265-70

    • Support levels are at: Chf0.9180, Chf0.9150, Chf0.9135

    Probably, the main scenario is a subsequent decline to Chf0.9180 (Sep 14 low). Alternative scenario is consolidation above MA 200 H1, with further advance towards Chf0.9240 (Aug 11 high).

  • 04:24

    GBP/USD is testing MA 200 H1 support

    The GBP/USD was trading lower yesterday and closed the day in the red around $1.3805. Today it was trading in a narrow range of $1.3790-10, staying close to yesterday's closing price. On the hourly chart, GBP/USD is testing the strength of the support - the moving average MA (200) H1 ($1.3825). 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 GBP/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: $1.3855, $1.3910-25, $1.3945-55

    • Support levels are at: $1.3755, $1.3730, $1.3700

    Probably, the main scenario is continued growth to $1.3855 (high of the American session on Sep 14). An alternative scenario is consolidation below the MA 200 H1 level with a subsequent decline to $1.3680 (Aug 27 low).

  • 03:59

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

    Yesterday the EUR/USD traded in different directions in the range of $1.1800-$1.1845 and closed the day without significant changes. It was also trading in a narrow range of $1.1800-10 today, staying close to yesterday's closing price. 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 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: $1.1845-50, $1.1885, $1.1905

    • Support levels are at: $1.1770, $1.1725-35, $1.1705

    Probably, the main scenario is continued growth to $1.1845 (Sep 14 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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