Technical Analysis

22 September 2022
  • 12:30

    NZD/USD is trading near the lows of March 2020

    Today, the NZD/USD pair is mainly growing in the range of $0.5805-85 - near the lows of March 2020. On the hourly chart, the pair dropped below the MA (200) H1 moving average line ($0.5975). On the four-hour chart, NZD/USD remains below MA (200) H4 ($0.6150). Technically speaking, the support of $0.5805 can keep prices from further decline. The upper limit of $0.5975 represents the resistance level.


    • Resistances are at the marks: $0,5910, $0,5975, $0,6025


    • An alternative scenario:  $0,5805, $0,5585, $0,5470


    The main scenario of the pair's movement assumes a breakout of the session minimum of $0.5805 and there may be a decline to $0.5585 (March 23’ 2020 low)

    An alternative scenario for the pair's promotion implies a breakout of the resistance of $0.5910 (September 21 high) and there may be an increase to $0.5975 (September 20 high)

  • 12:20

    USD/JPY dropped sharply to a 2-week low

    Today, since the start of trading, the USD/JPY pair has risen to a new maximum value since 1998 of Y145.90, but during the European session it sharply decreased from zero to a 2-week low of Y140.70. On the hourly chart, the pair dropped below the moving average line MA (200) H1 (Y143.40), but on the four-hour chart it remains above MA (200) H4 (Y139.00). Technically speaking, the support of Y139.85 can keep prices from further decline. The upper bound of Y145.90 represents the resistance level.

     

    Resistance levels are: Y141.50, Y143.40, Y145.90

    Support levels are: Y139.85, Y139.00, Y138.05


    The main scenario of the pair's promotion assumes a correction and possible growth to the session maximum of Y145.90

    An alternative scenario implies a breakout of support for Y139.85 (September 2 low) and there may be a decline to Y138.05 (August 30 low)


  • 12:04

    USD/CHF rose to a 2-week high

    Today, the USD/CHF pair rose sharply from Chf0.9620 to Chf0.9850, reaching a 2-week high. The pair broke through the resistance of Chf0.9700, which became the closest support. On the hourly chart, USD/CHF rose above the MA (200) H1 moving average line (Chf0.9620). On a four-hour chart, the setup is similar. Technically speaking, the resistance of Chf0.9870-85 can keep prices from further growth. The lower bound of Chf0.9620 represents the support level.


    Resistance levels are: Chf0.9870-85, Chf0.9990, Chf1.0050


    Support levels are: Chf0.9700, Chf0.9620, Chf0.9555


    The main scenario of the pair's promotion assumes an increase to Chf0.9870-85 (July 14 and September 7 highs)

    The alternative scenario assumes a decline to Chf0.9620 (September 21 low, session minimum, MA (200) H1)


  • 11:39

    GBP/USD is trading near a 37-year low

    Today, the GBP/USD pair is trading in the range of $1.1215-1.1365 - near a new 37-year low. On the hourly chart, the pair dropped below the moving average line MA (200) H1 ($1.1470) and on the four-hour chart remains below MA (200) H4 ($1.1725). In this situation, the scenario of further decline of the GBP / USD pair is likely. And as long as the pair remains below MA (200) H1, finding a sell position may be a wise decision. Technically speaking, the support of $1.1215 may keep prices from further decline. The upper limit of $1.1460-70 represents the resistance level.


    ⦁ Resistance levels are: $1.1385, $1.1460-70, $1.1590

    ⦁ Support levels are: $1.1215, $1.1200, $1.1100


    The main scenario assumes a breakout of the session minimum of $1.1215 and there may be a decline to the psychological level of $1.1200

    The alternative scenario assumes a breakout of the resistance of $1.1385 (September 21 high) followed by a likely increase to $1.1460-70 (September 20 high, MA (200) H1)

  • 11:02

    EUR/USD is trading near a 20-year low

    Today, the EUR/USD pair is mainly growing from $0.9810 to $0.9910, remaining near 20-year lows. On the hourly chart, the pair dropped below the MA (200) H1 moving average line ($1.0000). On the four-hour chart, the pair remains below MA (200) H4 ($1.0045). Technically speaking, the resistance of $0.9980-1.0000 can keep prices from further growth. The lower bound of $0.9810 represents the support level.


    Resistance levels are: $0.9980-1.0000, $1.0050, $1.0115

    Support levels are: $0.9810, $0.9700, $0.9600


    The main scenario of the pair's promotion assumes a breakout of the support of $0.9810 (September 21 low, session minimum) followed by a likely decline to the psychological level of $0.9700

    An alternative scenario is a breakout of the resistance of $0.9980-1.0000 (September 21 high, MA (200) H1) and there may be an increase to $1.0050 (September 20 high)


  • 06:28

    The USD/CAD continued its growth yesterday

    Yesterday the USD/CAD traded higher and closed the day in positive territory near the price of C$1.3465. Today it has also grown, rising to C$1.3530. On the hourly chart, USD/CAD is still trading above the moving average line MA (200) H1 (С$1.3210). 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/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$1.3530, С$1.3600, С$1.3700

    • Support levels are at: С$1.3355, С$1.3275, С$1.3230-40

    Probably, the main scenario is continued growth to C$1.3530 (session high).

    An alternative scenario is a consolidation below the MA 200 H1 line, followed by a fall to C$1.2955 (Sep 13 low).

  • 05:59

    The AUD/USD continues yesterday's decline

    Yesterday the AUD/USD traded down and closed the day in the red zone near the price of $0.6635. Today it also fell a little, dropping to $0.6585. On the hourly chart, AUD/USD is still trading below the MA (200) H1 moving average line ($0.6740). 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: $0.6705, $0.6730, $0.6760-70

    • Support levels are at: $0.6585, $0.6565, $0.6505

    Probably, the main scenario is the continuation of the downward movement to $0.6585 (session low).

    Alternative scenario is consolidation above MA 200 H1 followed by growth to $0.6915 (Sep 13 high).

  • 05:46

    Gold remains below MA 200 H1

    Yesterday, the XAU/USD traded higher and closed the day in positive territory near the price of $1674. Gold fell today, dropping to $1656. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1687). 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 gold 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: $1687, $1698, $1706-09

    • Support levels are at: $1654, $1600, $1500

    Probably, the main scenario is a continuation of the downward movement to $1654 (Sep 21 low).

    The alternative scenario is a break of the MA 200 H1 level, followed by a rise to $1735 (Sep 12 high).

  • 05:16

    Oil remains below MA 200 H1

    Yesterday, Brent crude traded lower and closed the day in the red around $90.05. Today oil traded in a narrow range of $89.45-$90.65, staying close to yesterday's closing price. On the hourly chart, Brent is still trading below the moving average MA (200) H1 ($92.40). 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 as long as 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: $93.70, $95.05, $96.25-70

    • Support levels are at: $88.80, $87.95, $86.20

    Probably, the main scenario is to move forward is a likely decline to $88.80 (Sep 19 low).

    The alternative scenario is consolidation above the MA 200 H1 followed by a rise to $97.80 (Sep 5 high).

  • 05:03

    The USD/JPY rose sharply, continuing yesterday's rise

    Yesterday the USD/JPY traded higher and closed the day in positive territory near the price of Y144.10. Today it has also risen sharply, rising to Y145.35. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (Y143.35). 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: Y145.35, Y146.00, Y147.00

    • Support levels are at: Y143.40-50, Y142.95, Y142.55-65

    Probably, the main scenario is the continuation of the upward movement to Y145.35 (session high).

    Alternative scenario is consolidation below MA 200 H1, followed by fall to Y141.50 (Sep 9 low).

  • 04:42

    The USD/CHF is still testing the strength of the MA 200 H1 resistance

    Yesterday USD/CHF traded higher and closed the day in positive territory near the price of Chf0.9665. Today it was trading in the range of Chf0.9640-90, remaining close to yesterday's closing price. On the hourly chart, the USD/CHF is still testing resistance - the line of the moving average MA (200) H1 (Chf0.9615). 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 entry points for selling at the end of the correction.

    • Resistances levels are at: Chf0.9700, Chf0.9735, Chf0.9755

    • Support levels are at: Chf0.9600-10, Chf0.9555, Chf0.9480

    Probably, the main scenario is a continuation of the decline to Chf0.9610 (low of the US session on Sep 16).

    Alternative scenario is final consolidation above MA 200 H4 level, followed by growth towards Chf0.9885 (Jul 14 high).

  • 04:23

    The GBP/USD continued yesterday's decline

    Yesterday the GBP/USD traded lower and closed the day in the red zone around the price of $1.1270. Today it also fell a little, dropping to $1.1220. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 moving average line ($1.1485). 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 entry points to sell for the formation of a correction.

    • Resistances levels are at: $1.1355, $1.1455-60, $1.1545

    • Support levels are at: $1.1220, $1.1200, $1.1100

    Probably, the main scenario is the continued decline to $1.1220 (session low).

    The alternative scenario is a final consolidation above the MA 200 H1 level, followed by a rise to $1.1735 (Sep 13 high).

  • 04:01

    The EUR/USD continued yesterday's decline

    Yesterday the EUR/USD traded lower and closed the day in the red zone near the price of $0.9840. Today it also fell a little, dropping to $0.9810. On the hourly chart EUR/USD is still trading below the moving average MA (200) H1 ($1.0000). 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 EUR/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: $0.9910, $0.9935, $1.0000

    • Support levels are at: $0.9800-10, $0.9700, $0.9600

    Probably, the main scenario is the continued decline to $0.9810 (session low).

    Alternative scenario is consolidation above MA 200 H1, followed by a rise to $1.0195 (Sep 12 high).

Market Focus

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.

Open Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.41% 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. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2022 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.41% 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.
Choose your language/location