Technical Analysis

29 June 2020
  • 11:57

    NZD/USD is trying to test the strength of the MA (200) H1

    Today, the NZD/USD pair is trading mainly with an increase from $0.6405 to $0.6440, and is trying to test the strength of the MA (200) H1 ($0.6440) moving average line. On the four-hour chart, the pair is trading well above MA (200) H4 ($0.6310).


    Resistance levels are at: $0.6440-50, $0.6505, $0.6530

    Support levels are at:  $0.6380-0.6400, $0.6260, $0.6170

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 11:45

    USD/JPY remains below MA (200) H4

    Today, the USD/JPY pair is trading in the range Y107. 05-35 - above the moving average line MA (200) H1 (Y106.95). On the four-hour chart, the pair is trading well below MA (200) H4 (Y107.50).

    Resistance levels are at: Y107.45-65, Y107.85, Y108.55

    Support levels are at: Y106.80-95, Y106.40, Y106.10

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 11:31

    USD/CHF is trading lower than MA (200)

    Today, the USD/CHF pair is trading with a decline from Chf0. 9480 to Chf0.9440 and has fallen below the MA (200) H1 moving average line (Chf0.9485). On the four-hour chart, the pair is trading well below MA (200) H4 (Chf0.9585).

    Resistance levels are at: Chf0.9485, Chf0.9505, Chf0.9530

    Support levels are at: Chf0.9420, Chf0.9375, Chf0.9320

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 11:15

    GBP / USD is trading near a one-month low

    Today, since the beginning of trading, the GBP/USD pair has grown from $1.2320 to $1.2390, but later lost all the gained positions, and again fell to a monthly low of $1.2315. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.2445), and on the four-hour chart, it has fallen below MA (200) H4 ($1.2420)


    Resistance levels are at: $1.2390, $1.2440-65, $1.2540

    Support levels are at: $1.2290, $1.2205, $1.2160

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 11:02

    EUR / USD is trading higher than MA (200)

    Today, the EUR / USD pair is trading with an increase from $1.1215 to $1.1285 and has risen above the MA (200) H1 moving average line ($1.1240) On the four-hour chart, it is trading above MA (200) H4 ($1.1135).

    Resistance levels are at:  $1.1350-55, $1.1405-20, $1.1490

    Support levels are at: $1.1240, $1.1170-90, $1.1100

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.


  • 06:22

    USD/CAD remains above MA 200 H1

    On Friday, the USD/CAD was trading higher and closed the day in positive territory near the price of C$1.3685. Today it fell slightly to the level of C$1.3645. On the hourly chart, USD/CAD is still trading above the MA (200) H1 moving average line (C$1.3585). On the four-hour chart, it remains below the MA 200 H4 line. 

    • Resistances levels are at: С$1.3715, С$1.3735, С$1.3830

    • Support levels are at: C$1.3630, C$1.3610, C$1.3550

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:51

    AUD/USD continues to test support for MA 200 H1

    On Friday, the AUD/USD was trading lower and closed the day in the red zone near the price of $0.6860. Today it has grown slightly to the level of $0.6885. On the hourly chart, AUD/USD continues to test for strength support - the line of the moving average MA (200) H1 ($0.6885). On the four-hour chart, it remains above the MA 200 H4 line. 

    • Resistance levels are at: $0.6890, $0.6920, $0.6960-70

    • Support levels are at: $0.6840, $0.6810, $0.6775

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:41

    Gold stays above MA 200 H1

    On Friday, the XAU/USD traded mainly with an increase and closed the day in positive territory near the price of $1773. Today, gold traded in a narrow range of $1767-74, remaining close to Friday's closing price. On the hourly chart, XAU/USD is still trading above the MA (200) H1 moving average line ($1748). On the four-hour chart, the situation is similar. 

    • Resistances levels are at: $1779, $1800, $1900

    • Support levels are at: $1742-47, $1727, $1717

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:19

    Oil continues to test MA 200 H1 support

    On Friday, Brent crude was trading lower and closed the day in the red zone near the price of $40.40. Today, oil traded in a narrow range of $39.95-60, remaining close to Friday's closing price. On the hourly chart, Brent continues to test for strength support - the line of the moving average MA (200) H1 ($41.20). On the four-hour chart, oil is still above the MA 200 H4 line. 

    • Resistance levels are at: $41.70, $42.80, $43.90

    • Support levels are at: $38.90-50, $36.90-15, $34.45

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 05:06

    USD/JPY tests resistance MA 200 H1

    On Friday, the USD/JPY was trading in different directions in the range of Y106.80-Y107.35 and closed the day without significant changes. Today, it also traded in a narrow range Y107.10-35, staying close to Friday's closing price. On the hourly chart, USD/JPY continues to test the strength for resistance - the line of the moving average MA (200) Н1 (Y107.00). On the four-hour chart, it remains below the MA 200 H4 line. 

    • Resistances levels are at: Y107.40, Y107.85, Y108.20

    • Support levels are at: Y106.80, Y106.45, Y106.10

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 04:44

    USD/CHF continues to test MA 200 H1 resistance

    On Friday, the USD/CHF traded in different directions in the Chf0.9470-00 range and closed the day without significant changes. Today, it was trading in a narrow range of Chf0.9470-80, remaining close to Friday's closing price. On the hourly chart, USD/CHF continues to test the strength for resistance - the line of the moving average MA (200) Н1 (Chf0.9485). On the four-hour chart, it remains below the MA 200 H4 line. 

    • Resistances levels are at: Chf0.9505, Chf0.9525, Chf0.9545

    • Support levels are at: Chf0.9465, Chf0.9440, Chf0.9420

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 04:29

    GBP/USD is trading near a monthly low

    On Friday, the GBP/USD was trading lower and closed the day in the red zone near the price of $1.2335. Today, it was trading in a narrow range of $1.2320-70, remaining near a monthly low. On the hourly chart, GBP/USD is still trading below the MA (200) H1 moving average line ($1.2455). On the four-hour chart, the situation is similar. 

    • Resistances levels are at: $1.2415, $1.2460, $1.2540-60

    • Support levels are at: $1.2290-15, $1.2235, $1.2165-75

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

  • 04:05

    EUR/USD continues to test support for MA 200 H1

    On Friday, the EUR/USD was trading in different directions in the range of $1.1195-$1.1235 and the day was closed without significant changes. Today it has grown slightly to the level of $1.1245. EUR/USD continues to test its resistance to resistance - MA (200) Н1 moving average line ($1.1240). On the four-hour chart, the MA 200 H4 line still remains. 

    • Resistance levels are at: $1.1250, $1.1280, $1.1320

    • Support levels are at: $1.1190, $1.1170, $1.1115

    The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.    


29 June 2020

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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.