Technical Analysis

22 June 2022
  • 12:03

    NZD/USD is testing MA (200) H1

    Today, the NZD/USD pair is trading with a decrease from $0.6330 to $0.6245 and on the hourly chart, the pair is testing the MA (200) H1 moving average line ($0.6305). On the four-hour chart, the pair remains below MA (200) H4 ($0.6390). Technically speaking, the support of $0.6195 can keep prices from falling. The upper limit of $0.6395 represents the resistance level.


    • Resistances are at the marks: $0,6305, $0,6360, $0,6395


    • The support levels are located at: $0,6195,  $0,6150-75, $0,6080



    The main scenario for the pair's promotion - support breakthrough of $0.6195 (June 14 high) and may decline to $0.6150-75 (May 27-29’ 2020 lows)

    An alternative scenario - breakout of MA (200) H1 ($0.6305) and there may be an increase to $0.6360 (June 20-21 high)


  • 11:48

    USD/JPY is trading near a 24-year high

    Today, the USD/JPY pair is trading in the range Y135.80-Y136.70 - about 24-the maximum reached yesterday. On the hourly chart, USD/JPY rose slightly above the moving average line MA (200) H1 (Y134.65) and on the four-hour chart remains above MA (200) H4 (Y130.80). Technically speaking, the resistance of Y136.70 can keep prices from further growth. The lower bound of Y134.55-65 represents the support level.

     

     

    Resistance levels are: Y136.70, Y137.00, Y138.00

    Support levels are: Y134.55-65, Y133.20, Y131.50


    The main scenario for the pair's promotion — the resistance breakthrough is Y136.70 (June 21 high, session maximum) and there may be an increase to the psychological level of Y137.00


    An alternative scenario — there may be a decrease in the pair to Y134.55-65 (June 20 low, MA (200) H1)


  • 11:38

    USD/CHF remains below MA (200) H1

    Today, the USD/CHF pair is trading in the range of Chf0.9640-90 - near the weekly low of Chf0.9620 reached at the end of last week. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0.9810) and on the four-hour chart - below MA (200)H1 (Chf0.9775). Technically speaking, the support of Chf0.9620 can keep prices from further decline. The upper bound of Chf0.9990 represents the resistance level.


    Resistance levels are: Chf0.9735, Chf0.9810, Chf0.9990

    Support levels are: Chf0.9620, Chf0.9545-55, Chf0.9450



    The main scenario for the pair's promotion — support breakthrough of Chf0.9620 (June 17-20 low) and there may be a decline to Chf0.9545-55 (May 27-30 and June 3 lows)

    An alternative scenario — resistance breakout is Chf0.9735 (June 17 high) and there may be an increase to Chf0.9990 (June 16 high)


  • 11:23

    GBP/USD is testing MA (200) H1

    Today, the GBP/USD pair is trading in the range of $1.2160-1.2280 and is testing the MA (200) H1 moving average line ($1.2220) on the hourly chart. On the four-hour chart, the pair is trading below MA (200) H4 ($1,2405). Technically speaking, the support of $1.1930 can keep prices from further decline. The upper limit of $1.2405 represents the resistance level.



    ⦁ Resistance levels are: $1.2325, $1.2405, $1.2520

    ⦁ Support levels are:  $1.2160, $1.2040, $1.1930


    The main scenario for the pair's promotion — breakout of the session low of $1.2175 and there may be a decline to $1.1930 (June 14 low)

    An alternative scenario —  the resistance breakout is $1.2325 (June 21 high) and there may be an increase to $1.2405 (June 16 high)

  • 11:13

    EUR/USD is testing MA (200) H1

    Today, the EUR/USD pair is trading in the range of $1.0470-1.0540 and on the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.0490). On the four-hour chart, the pair is trading slightly below MA (200) H4 ($1.0585). Technically speaking, the support of $1.0350-60 can keep prices from further decline. The upper limit of $1.0580-1.0600 represents the resistance level.


    Resistance levels are: $1.0580-1.0600, $1.0640, $1.0775-85

    Support levels are: $1.0445, $0350-60, $0300


    The main scenario for promoting the pair  — support breakout of $1.0445 (June 17 low) and there may be a decline to $1.0350-60 (May 11-13 and June 15 lows)


    An alternative scenario — resistance breakout is $1.0580-1.0600 (June 16 and 21 highs) and there may be an increase to $1.0640 (June 10 high)


  • 06:18

    USD/CAD remains above MA 200 H1

    Yesterday the USD/CAD traded down and closed the day in the red zone near the price of C$1.2915. Today it rose a little, rising to C$1.2970. On the hourly chart, USD/CAD is still trading above the MA (200) H1 moving average line (С$1.2905). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while the USD/CAD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.

    • Resistances levels are at: С$1.3015-25, С$1.3075, С$1.3125

    • Support levels are at: С$1.2905, С$1.2860, С$1.2805

    Probably, the main scenario is continued growth to the level of C$1.3015 (high of the American session on Jun 20).

    An alternative scenario is a consolidation below the MA 200 H1 line, followed by a fall to C$1.2520 (Jun 8 low).

  • 05:59

    AUD/USD remains below MA 200 H1

    Yesterday the AUD/USD traded in different directions in the range of $0.6935-95 and closed the day without significant changes. Today it fell down to $0.6915. On the hourly chart, AUD/USD is still trading below the MA (200) H1 moving average line ($0.6980). 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 entry points to sell for the formation of a correction.

    • Resistances levels are at: $0.6990-00, $0.7070, $0.7135

    • Support levels are at: $0.6895, $0.6850, $0.6830

    Probably, the main scenario is a possible continuation of the decline towards $0.6895 (Jun 17 low).

    An alternative scenario is a consolidation above the MA 200 H1 followed by a rise to $0.7240 (Jun 7 high).

  • 05:43

    Gold continues yesterday's decline

    Yesterday, the XAU/USD traded lower and closed the day in the red near the price of $1833. Today, gold also fell slightly, dropping to $1825. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1837). 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 for the formation of a correction.

    • Resistances levels are at: $1843, $1853-57, $1867

    • Support levels are at: $1813-15, $1805, $1798

    Probably, the main scenario is a continuation of the downward movement to $1815 (Jun 16 low).

    Alternative scenario is consolidation above MA 200 H1 followed by a rise to $1878 (Jun 13 high).

  • 05:19

    Oil plummeted

    Yesterday, Brent oil traded in different directions in the range of $114.50-$116.70 and closed the day without significant changes. Today, oil fell sharply, dropping to $110.70. On the hourly chart, Brent is still trading below the moving average MA (200) H1 ($120.60). 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 for selling to form a correction.

    • Resistances levels are at: $116.70, $122.15-85, $126.30

    • Support levels are at: $110.70, $105.70, $104.50-85

    Probably, the main scenario is a possible subsequent decline to $110.70 (session low).

    The alternative scenario is consolidation above MA 200 H1 followed by a rise to $126.30 (Jun 14 high).

  • 04:57

    USD/JPY remains above MA 200 H1

    Yesterday the USD/JPY traded higher and closed the day in positive territory near the price of Y136.60. Today it fell a little, dropping to Y136.05. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (Y134.55). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the USD/JPY remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.

    • Resistances levels are at: Y136.70, Y137.00, Y138.00

    • Support levels are at: Y134.95, Y134.55, Y133.80

    Probably, the main scenario is continued growth towards the level of Y136.70 (Jun 21 high).

    Alternative scenario is consolidation below MA 200 H1, followed by a fall towards Y131.50 (Jun 16 low).

  • 04:42

    USD/CHF is still testing MA 200 H1 support

    Yesterday the USD/CHF traded in different directions in the range of Chf0.9630-Chf0.9680 and closed the day without significant changes. Today it was also trading in a narrow range of Chf0.9655-80, remaining close to yesterday's closing price. On the hourly chart, USD/CHF is testing the strength of the support - the line of the moving average MA (200) H1 (Chf0.9810). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the USD/CHF remains above MA 200 H1, it may be necessary to look for entry points to buy at the end of the correction.

    • Resistances levels are at: Chf0.9730, Chf0.9840, Chf0.9990

    • Support levels are at: Chf0.9620, Chf0.9590, Chf0.9545-55

    Probably, the main scenario is a likely rise towards Chf0.9730 (Jun 17 high).

    An alternative scenario is the final consolidation below the MA 200 H1 level, followed by a fall to Chf0.9590 (the low of the American session on Jun 3).

  • 04:23

    The GBP/USD is still testing the MA 200 H1 resistance

    Yesterday, the GBP/USD traded in different directions in the range of $1.2245-$1.2325 and closed the day without significant changes. Today it fell a little, dropping to $1.2235. On the hourly chart, the GBP/USD is testing resistance - the moving average line MA (200) H1 ($1.2230). On the four-hour chart, the GBP/USD is still below the MA 200 H4 line. 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 entry points to sell at the end of the correction.

    • Resistances levels are at: $1.2325-40, $1.2405, $1.2450

    • Support levels are at: $1.2175, $1.2030-40, $1.1935

    Probably, the main scenario is the continued decline to the level of $1.2175 (low of the  US session on Jun 17).

    The alternative scenario is fixing above the MA 200 H1 level, followed by a rise to $1.2600 (Jun 7 high).

  • 04:01

    The EUR/USD is still testing the MA 200 H1 resistance

    Yesterday the EUR/USD traded higher and closed the day in positive territory near the price of $1.0530. Today it fell a little, dropping to $1.0500. On the hourly chart, EUR/USD is testing resistance - the moving average line MA (200) H1 ($1.0495). On the four-hour chart, the EUR/USD is still below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.

    • Resistances levels are at: $1.0580-00, $1.0640, $1.0665

    • Support levels are at: $1.0445, $1.0385, $1.0350-60

    Probably, the main scenario is continued decline towards $1.0445 (Jun 17 low).

    Alternative scenario is consolidation above MA 200 H1, followed by a rise to $1.0775 (Jun 9 high).

22 June 2022
Market Focus

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% 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.
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