Technical Analysis

19 November 2020
  • 13:15

    The NZD / USD pair declined slightly, but remains above the MA (200) H1

    Today, the NZD / USD pair fell slightly to $0.6880, after rising yesterday to a high of $0.6945 at the end of March 2019. On the hourly chart, the pair is trading above the moving average line of MA (200) H1 ($0.6870), and on the four - hour chart it is significantly higher than MA (200) H4 ($0.6705). In this situation, finding a buy position can probably be a wise decision for those who want to take advantage of the stronger New Zealand dollar.


    Resistance levels are at: $0.6945, $0.6970, $0.7055

    Support levels are at: $0.6870, $0.6810, $0.6750


    The main scenario for the pair's promotion - breakout of the resistance is $0.6945 (March 21’2019 and November 18 highs) and the pair may rise to $0.6970 (December 4’2018 high)

    An alternative scenario - breakout of MA (200) H1 ($0.6870) and may be down to $0.6810 (November 13 low)


  • 13:02

    USD / JPY remains below MA (200) H1

    Today, the USD/JPY pair rose slightly to Y104.20, after falling yesterday to an almost two-week low of Y103.65. on the hourly chart, the pair fell below the moving average line MA (200) H1 (Y104.70), and on the four - hour chart-below MA (200) H4 (Y104.90). In this situation, finding a sell position may be a wise decision for those who want to take advantage of the stronger Japanese yen.

    Resistance levels are at:  Y104.60-70, Y105.15, Y105.65-75

    Support levels are at: Y103.65, Y103.15, Y102.00


    The main scenario for the pair's promotion - breakout of support Y103. 65 (November 18 low) and continuation of the downward movement to Y103. 15 (November 6-9 low)

    An alternative scenario - if the Y104.60-70 (November 17 high, MA (200) H1) area is broken, then the pair is likely to grow to Y105.15 (November 13 high)



  • 12:50

    The USD / CHF pair continues to test the MA (200)

    Today, the USD/CHF pair is trading in the range of Chf0. 9105-40 and continues to test the level of the moving average MA (200) H1 (Chf0.9125). The situation is similar on the four-hour chart. If the resistance of Chf0.9160 is broken, the pair may follow a correction to Chf0.9190-0.9210. But most likely, finding a sell position may be a wise decision for those who want to take advantage of the stronger Swiss franc.


    Resistance levels are at: Chf0.9160, Chf0.9190-0.9210, Chf0.9245

    Support levels are at:  Chf0.9090, Chf0.9060, Chf0.8980


    The main scenario for the pair's promotion -  breakout of support for Chf0. 9090 (November 17 low) and continuation of the downward movement to Chf0. 9060 (October 27 low)

    An alternative scenario - if the resistance of Chf0.9160 is broken (November 13 high), the pair is likely to grow to Chf0. 9190-0. 9210 (November 2-4 and 11 highs)


  • 12:36

    The GBP / USD pair remains above the MA (200) H1

    Today, the GBP / USD pair is trading in a wide range of $1.3205-70, after rising yesterday to a nearly ten-week high ($1.3310) reached earlier on November 11. On the hourly chart, the pair failed to break through the support of MA (200) H1 ($1.3205). On the four-hour chart, GBP / USD is trading above the MA (200) H4 ($1.3050). In this situation, finding a buy position may be a wise decision for those who want to take advantage of a stronger pound.


    Resistance levels are at:  $1.3270, $1.3310-20, $1.3400

    Support levels are at: $1.3205-10, $1.3165, $1.3090-1.3105


    The main scenario for the pair's promotion -break through the resistance $1.3270 (November 17 high, session high) and continue the upward movement to $1.310-20 (September 4 and November 18 high)

    An alternative scenario - if the MA (200) H1 ($1.3210) and the session low of $1.3205 are broken, the pair may decline to $1.3165 (November 16 low)


  • 12:17

    The EUR / USD pair has declined and is testing the MA (200) H1

    Today, the EUR / USD pair is trading mainly with a decline in the range of $1.1810-55 and is testing the level of the moving average MA (200) H1 ($1.1830). On the four-hour chart, the pair remains above the MA (200) H4 ($1.1780). Technically speaking, a strong support level of $1.1810 may keep EUR / USD from falling further. If it breaks through, prices may fall to $1.1745. The upper limit of $1.1895 represents the resistance level. If this level is passed, the pair may follow a correction to $1.1920. The most likely range of movement of the pair today can be hidden within the range of $1.1810-95.

    Resistance levels are at: $1.1895, $1.1920, $1.1965

    Support levels are at: $1.1810, $1.1745, $1.1710

    The main scenario for promoting the pair  - correction and growth to $1.1895 (November 17 -18 high)

    An alternative scenario - if the support of $1.1810 is broken (November 16 low, session low), the pair is likely to decline to $1.1745 (November 11 low)


  • 07:05

    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$1.3080. Today it was trading in a narrow range of С$1.3075-95, staying close to yesterday's closing price. On the hourly chart, USD/CAD is testing resistance - the moving average MA (200) H1 (С$1.3065). On the four-hour chart, it remains below the MA 200 H4 line. 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$1.3115-20, С$1.3170, С$1.3295

    • Support levels are at: C$1.3035, C$1.2985, C$1.2930

    Probably, the main scenario - is a continuation of the decline to C$1.3035 (Nov 18 low). An alternative scenario - may be consolidation above MA (200) H1 with a subsequent rise to C$1.3170 (Nov  13 high).

  • 06:56

    AUD/USD remains above MA 200 H1

    Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7305. Today it dropped slightly, dropping to $0.7285. On the hourly chart, AUD/USD is testing its support - the MA (200) H1 ($0.7285) moving average line. 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 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: $0.7340, $0.7365, $0.7400

    • Support levels are at: $0.7270, $0.7205-20, $0.7145

    Probably, the main scenario - is the continuation of the upward movement to $0.7340 (Nov 17 high). An alternative scenario - consolidation below MA 200 H1 with a subsequent decline to $0.7205 (low of the American session on Nov 5).

  • 06:44

    Gold continues to decline yesterday

    Yesterday, the XAU/USD was trading lower and closed the day in the red around $1870. Gold has also dropped slightly today, down to $1865. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1887). 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: $1893-98, $1922, $1965

    • Support levels are at: $1863, $1851, $1795

    Probably, the main scenario - is the continuation of the downward movement to $1863 (Nov 18 low). An alternative scenario - may be consolidation above MA 200 H1 with a subsequent rise to $1965 (Nov 9 high).

  • 06:21

    Oil remains above MA 200 H1

    Brent crude was trading higher yesterday and closed the day in positive territory around $44.15. Today oil was trading in a narrow range of $43.85-25, staying close to yesterday's closing price. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($42.80). 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: $45.10, $45.65, $46.10

    • Support levels are at: $42.60-00, $41.60, $39.85

    Probably, the main scenario - is a subsequent rise to $45.10 (Nov 11 high). An alternative scenario - may be consolidation below MA 200 H1 with a subsequent decline to $39.85 (Nov 9 low).

  • 06:07

    USD/JPY continues to decline yesterday

    The USD/JPY was trading lower yesterday and closed the day in the red around the Y103.80. It also dropped today, dropping to Y103.70. On the hourly chart, USD/JPY is still trading below the MA line (200) H1 (Y104.65). 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 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: Y104.25, Y104.55, Y105.10

    • Support levels are at: Y103.65, Y103.20, Y103.00

    Probably, the main scenario - is the continuation of the downward movement to Y103.65 (Nov 18 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to Y105.65 (Nov 11 low).

  • 05:44

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

    Yesterday the USD/CHF traded in different directions in the range of Chf0.9090-20 and closed the day without significant changes. Today it also traded in a narrow range of Chf0.9110-20, staying close to yesterday's closing price. On the hourly chart, USD/CHF is testing its resistance - the MA (200) H1 (Chf0.9110) moving average line. On the four-hour chart, it remains below the MA 200 H4 line. 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: Chf0.9150, Chf0.9190-95, Chf0.9240

    • Support levels are at: Chf0.9090, Chf0.9055, Chf0.8985

    Probably, the main scenario - is a subsequent decline towards Chf0.9090 (Nov 17 low). Alternative scenario - may be final consolidation above the MA 200 H1 level, with further advance towards Chf0.9190 (Nov 11 high).

  • 05:15

    GBP/USD fell sharply

    Yesterday the GBP/USD was trading higher and closed the day in positive territory around the $1.3270. Today it dropped to $1.3225. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3205). 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 to form a correction.

    • Resistances levels are at: $1.3310, $1.3355, $1.3400

    • Support levels are at: $1.3195, $1.3150, $1.3090-05

    Probably, the main scenario - is continued growth to $1.3310 (Nov 18 high). An alternative scenario - may be consolidation below the MA 200 H1 level, followed by a fall to $1.3105 (Nov 12 low).

  • 04:58

    EUR/USD is testing MA 200 H1 support

    Yesterday the EUR/USD traded in different directions in the range of $1.1850-90 and closed the day without significant changes. Today it dropped slightly, dropping to $1.1830. On the hourly chart, EUR/USD is testing the strength of the support - the moving average line MA (200) H1 ($1.1835). On the four-hour chart, the EUR/USD 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: $1.1890, $1.1915, $1.2000

    • Support levels are at: $1.1815, $1.1790, $1.1745

    Probably, the main scenario - is continued growth to $1.1890 (Nov 18 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a fall to $1.1745 (Nov 11 low).

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