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Atirox.com - Daily Analysis - Support & Resistant

Discussion in 'Signal Service' started by Atirox, Aug 9, 2018.

  1. Andy.atx

    Andy.atx ECZ Member

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    USD/CHF: TECHNICAL ANALYSIS 08.01.20
    [​IMG]
    Current trend


    USD/CHF quotes attempted to grow, but reaching 0.96645 mark moved to an upward correction. At the moment the price has met the resistance at the level of 0.97046 ( middle line of Bollinger Bands). There is a chance of a downward rebound, while its breakout would be a signal for upward trend formation and let the price grow to 0.97286-0.97351 resistance.


    Alternative scenario


    The downward rebound from the middle line of Bollinger Bands and pullback below 0.96864 could lead the price back to 0.96741-0.96645 support. The downward trend will be restored after the price is set below the level of 0.96645. In this case, the sellers will aim for the 0.96436 level.


    Technical indicators


    Technical indicators maintain a sell signal, but the upward correction is possible in the short term.


    Bollinger Bands and Stochastic are pointed sideways.


    MACD is growing in the negative zone.


    Support and resistance


    Support levels: 0.96864, 0.96741, ,0.96645, 0.96436.
    Resistance levels: 0.97046, 0.97286, 0.97351.


    Trading recommendations


    Short positions can be opened below the level of 0.96864 with the target at around 0.96741-0.96645 and stop-loss at 0.96937.
    Long positions can be opened above the level of 0.97046 with the target at around 0.97351 and stop-loss at 0.96944.
     
  2. Andy.atx

    Andy.atx ECZ Member

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    USD/CAD: TECHNICAL ANALYSIS 08.01.20
    [​IMG]
    Current trend


    Today USD/CAD price is moderately falling and is now testing the support level of 1.29814, which coincided with the middle line of Bollinger Bands. This level can activate an upward rebound, while its breakdown would allow the fall to continue to 1.29700. In case the pair manage to cross this level, the sellers will aim for the 1.29562 (two-month low) support.


    Alternative scenario


    The upward rebound from the middle line of Bollinger Bands and pullback above the 1.29900 will be a signal for upward movement resumption and let the price to grow to 1.30005-1.30128 resistance. Significant growth is possible after the breakout of the resistance level 1.30310, which can develop to the level of 1.30615.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are pointed sideways.


    MACD is in the negative zone.


    Stochastic’s lines are pointed downwards, forming a sell signal.


    Support and resistance


    Support levels: 1.29814, 1.29700, 1.29562.
    Resistance levels: 1.30005, 1.30310, 1.30615.


    Trading recommendations


    Short positions can be opened below the level of 1.29814 with the target at around 1.29700-1.29562 and stop-loss at 1.29898.
    Long positions can be opened above the level of 1.30005 with the target at around 1.30310 and stop-loss at 1.29903.
     
  3. Andy.atx

    Andy.atx ECZ Member

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    EUR/USD: TECHNICAL ANALYSIS 08.01.20
    [​IMG]
    Current trend


    EUR/USD quotes attempted to grow, but reaching 1.11677 mark (coincided with the middle line of Bollinger Bands)moved to a downward correction. Now the price has the potential of decline to 1.11389-1.11331 support. This area seems an important line for short-term sellers. The decisive breakdown of 1.11331 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.11084.


    Alternative scenario


    One may speak about upward movement continuation after the price consolidates above the resistance level of 1.11694. The pair’s sustained trading beyond this level will give a prospect of growth to 1.12000 resistance.


    Technical indicators


    Technical indicators mostly keep a sell signal but the upward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bearish momentum.


    MACD is growing in a positive zone.


    Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 1.11389, 1.11084, 1.10779.
    Resistance levels: 1.11694, 1.12000, 1.12305.


    Trading recommendations


    Short positions can be opened below the level of 1.11389 with the target at around 1.11084 and stop-loss at 1.11490.
    Long positions can be opened above the level of 1.11694 with the target at around 1.12000 and stop-loss at 1.11592.
     
  4. Andy.atx

    Andy.atx ECZ Member

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    AUD/USD: TECHNICAL ANALYSIS 09.01.20
    [​IMG]
    Current trend


    AUD/USD quotes continue to consolidate in the side channel 0.68484-0.68797 after a significant decline over the last week. Judging by the technical indicators, the instrument has the potential to further decline. The breakdown of 0.68665 and sustained trading below it will let the price to retest the 0.68484 support. Further close below this level may push AUD/USD even lower towards the area of 0.68359 support. This level seems key sellers target in a short term period and can activate an upward reverse.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 0.68797, the correction can continue to the area of 0.68970, which coincided with the middle line of Bollinger Bands. The breakout and consolidation above it may be a start for the formation of the upward trend. In this case, the next targets of buyers will be the resistance level of 0.69275.


    Technical indicators


    Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.


    Bollinger Bands are pointed downwards.


    MACD volumes are slightly decreasing in the negative zone, but still keeping a sell signal.


    Stochastic is pointed sideways.


    Support and resistance


    Support levels: 0.68665, 0.68484, 0.68359.
    Resistance levels: 0.68797, 0.68970, 0.69275.


    Trading recommendations


    Short positions can be opened below the level of 0.68665 with the target at around 0.68484-0.68359 and stop-loss at 0.68765.
    Long positions can be opened above the level of 0.68970 with the target at around 0.69275 and stop-loss at 0.68868.
     
  5. Andy.atx

    Andy.atx ECZ Member

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    USD/JPY: TECHNICAL ANALYSIS 09.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 109.232. Assuming the pair’s ability to cross this mark, the level of 109.375 can be targeted if holding long positions.
    This level seems a strong resistance that can activate a downward reverse. Meanwhile, the breakout of 109.375 can accelerate the pair towards 109.570.


    Alternative scenario


    The pullback below 109.143 support will be a sign of downward correction formation and let the price decline to 108.984 support. The breakdown of this level and sustained trading below it will give a prospect of falling to 108.789 support.


    Technical indicators


    Technical indicators mostly keep a buy signal but the downward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD is growing in a positive zone.


    Stochastic is in the oversold area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 09.143, 108.984, 108.789.
    Resistance levels: 109.249, 109.375, 109.570.


    Trading recommendations


    Short positions can be opened below the level of 109.143 with the target at around108.984-108.789 and stop-loss at 109.273.
    Long positions can be opened above the level of 109.249 with the target at around 109.570 and stop-loss at 109.142.
     
  6. Andy.atx

    Andy.atx ECZ Member

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    GBP/USD: TECHNICAL ANALYSIS 09.01.20
    [​IMG]
    Current trend


    GBP/USD is in the stage of upward correction after falling to the level of 1.30821, but the general downward trend is still maintained. The first target of the correction is the level of 1.31226, which corresponds to the middle line of Bollinger Bands. There is a high chance of a downward rebound, while its breakout will be a signal for upward trend resumption and let the price grow to the area of 1.31378-1.31531 resistance.


    Alternative scenario


    The downward rebound from 1.31226 resistance and pullback below 1.30821 will lead the price to 1.30615 support. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.30310-1.30005.


    Technical indicators


    The technical picture is mixed.
    Bollinger Bands are pointed sideways.
    MACD histogram has moved to a decline, forming a weak sell signal.
    Stochastic is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 1.30821, 1.30615, 1.30310, 1.30005.
    Resistance levels: 1.31226, 1.31378, 1.31531.


    Trading recommendations


    Short positions can be opened below the level of 1.30615 with the target at around 1.30310 and stop-loss at 1.30715.
    Long positions can be opened above the level of 1.31226 with the target at around 1.31531 and stop-loss at 1.31126.
     
  7. Andy.atx

    Andy.atx ECZ Member

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    EUR/JPY: TECHNICAL ANALYSIS 10.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument keeps a moderate positive dynamic. We can see slightly overbought conditions of Stochastic, but the general upward trend still maintains. At the moment the price has met the resistance at the level of 121.720. If the "bulls" manage to raise the rate above this level, the growth can continue to the area of 121.875 resistance. The area of 121.875-122.007 seems a strong resistance zone that can activate a downward reverse of the price. Meanwhile, the breakout of 122.007 can trigger the pair’s active run-up to the 122.266 resistance.


    Alternative scenario


    The pullback below 121.484 support will be a sign for downward correction formation and let the price decline to the 121.220 support. One may speak about downward movement continuation after the price consolidates below the support level of 121.094. In this case, the next targets of sellers will be the level of 120.703.


    Technical indicators


    Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD is growing in a positive zone.


    Stochastic is ready to leave the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 121.484, 121.220, 121.094, 120.703.
    Resistance levels: 121.720, 121.875, 122.007.


    Trading recommendations


    Short positions can be opened below the level of 121.484 with the target at around 121.220 and stop-loss at 121.572.
    Long positions can be opened above the level of 121.720 with the target at around 122.007 and stop-loss at 121.624.
     
  8. Andy.atx

    Andy.atx ECZ Member

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    XAU/USD: TECHNICAL ANALYSIS 10.01.20
    [​IMG]
    Current trend


    The XAU/USD pair begins today’s trading with a slight bearish bias. The instrument is now testing the support level of 1546.88. Assuming the pair’s ability to cross this level, the mark of 1540.14 can be targeted if holding short positions. The area of 1540.14 can activate an upward rebound, while its breakdown will be a signal for downward trend resumption and let the price fall to the area of 1537.37.


    Alternative scenario


    The pullback above 1553.71 will be a signal for the upward correction formation. The key target of the correction will be 1562.50 resistance, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound from the 1562.50 level. However, the decisive break of 1562.50 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1568.44.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are diverging on the background of bearish momentum.


    MACD is growing in the negative zone.


    Stochastic is pointed downwards.


    Support and resistance


    Support levels: 1546.88, 1541.14, 1537.37.
    Resistance levels: 1553.71, 1556.47, 1562.50.


    Trading recommendations


    Short positions can be opened below the level of 1546.88 with the target at around 1541.14 and stop-loss at 1548.54.
    Long positions can be opened above the level of 1553.71 with the target at around 1556.47 and stop-loss at 1552.80.
     
  9. Andy.atx

    Andy.atx ECZ Member

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    NZD/USD: TECHNICAL ANALYSIS 10.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (0.66005) and approaching the 0.66223 resistance. Assuming
    the pair’s ability to cross this level, the mark of 0.66353 (middle line of Bollinger bands) can be targeted if holding long positions. As a key correction target, the level of 0.66353 can activate a downward reverse of the price. However, the decisive breakout of this level will be a signal for uptrend resumption and let the price grow to the area of 0.66528-0.66575 resistance.


    Alternative scenario


    The downward rebound from 0.66223 could lead the price back to 0.66005 support. The downward trend will be restored after the price is set below the level of 0.65918 level. In this case, the next targets of sellers will be the level of 0.65613.


    Technical indicators


    Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.


    Bollinger Bands are pointed downwards.


    MACD is growing in the negative zone.


    Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 0.66005, 0.65918, 0.65613.
    Resistance levels: 0.66223,0.66353, 0.66528.


    Trading recommendations


    Short positions can be opened below the level of 0.65918 with the target at around 0.65613 and stop-loss at 0.66018.


    Long positions can be opened above the level of 0.66223 with the target at around 0.66528 and stop-loss at 0.66123.
     
  10. Andy.atx

    Andy.atx ECZ Member

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    USD/CHF: TECHNICAL ANALYSIS 13.01.20
    [​IMG]
    Current trend


    The price has tested the resistance level of 0.97358 and was slightly corrected downwards, but the upward potential maintains. The breakout of 0.97351 resistance and pair’s sustained trading above it will give a prospect of growth to the area of 0.97572-0.97656.


    Alternative scenario


    The downward rebound from 0.97351 and pullback below 0.97242 will be a signal for downward trend resumption and let the price fall to the area of 0.97046 support. Should prices continue slipping under 0.97046, the mark of 0.96913 might try activating an upward rebound. Meanwhile, the further close below 0.96913 may push USD/CHF lower towards 0.96741.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are pointed upwards.


    MACD volumes are decreasing in the positive zone, forming a weak sell signal.


    Stochastic rebounded from the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 0.97242, 0.97046, 0.96913, 0.96741.
    Resistance levels: 0.97351, 0.97572, 0.67656.


    Trading recommendations


    Short positions can be opened below the level of 0.97242 with the target at around 0.97046-0.96913 and stop-loss at 0.97351.


    Long positions can be opened above the level of 0.97351 with the target at around 0.97572-0.97656 and stop-loss at 0.97249.
     
  11. Andy.atx

    Andy.atx ECZ Member

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    USD/CAD: TECHNICAL ANALYSIS 13.01.20
    [​IMG]
    Current trend


    Today USD/CAD quotes attempted to grow, but reaching 1.30667 mark moved to a decline. The first strong support on the way down will be 1.30310 level which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 1.30157-1.30005 support.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 1.30615, the correction can continue to the area of 1.30747-1.30920. The area of 1.30920-1.31038 will we a key zone for the buyers in the short term period.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are slightly pointed upwards.


    MACD volumes are decreasing in the positive zone., forming a weak sell signal.


    Stochastic is pointed downwards.


    Support and resistance


    Support levels: 1.30310, 1.30157, 1.30005.
    Resistance levels: 1.30615, 1.30920, 1.31226.


    Trading recommendations


    Short positions can be opened below the level of 1.30310 with the target at around 1.30005 and stop-loss at 1.30410.
    Long positions can be opened above the level of 1.30747 with the target at around 1.31038 and stop-loss at 1.30650.
     
  12. Andy.atx

    Andy.atx ECZ Member

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    EUR/USD: TECHNICAL ANALYSIS 13.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is correcting up from the middle line of the Bollinger Bands and approaching the 1.11389 resistance. Assuming the pair’s ability to cross this level, the mark of 1.11542-1.11694 can be targeted if holding long positions.


    Alternative scenario


    The downward rebound from 1.11389 and pullback below 1.11237 support will lead the price back to 1.11160-1.11084 support area. This zone is coincided with the middle line Bollinger Bands and can activate an upward rebound, while its breakdown is needed to indicate the downward trend resumption and let the price fall to the area if 1.10931-1.10779.


    Technical indicators


    Technical indicators maintain a buy signal.


    Bollinger Bands are converging on the background of bullish momentum.


    MACD volumes are decreasing in the negative zone forming a weak buy signal.


    Stochastic has is in the overbought area and is pointed upwards, reflecting the high possibility of the upward movement formation.


    Support and resistance


    Support levels: 1.11237, 1.11084, 1.10931, 1.10779.
    Resistance levels: 1.11389, 1.11542, 1.11694.


    Trading recommendations


    Long positions can be opened above the level of 1.11389 with the target at around 1.11542-1.11694and stop-loss at 1.11489.
    Short positions can be opened below the level of 1.11084 with the target at around 1.11084-1.10779 and stop-loss at 1.11184.
     
  13. Andy.atx

    Andy.atx ECZ Member

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    AUD/USD: TECHNICAL ANALYSIS 14.01.20
    [​IMG]
    Current trend


    AUD/USD quotes attempted to decline, but reaching 0.68843 mark (the middle line of Bollinger Bands) moved to an upward correction, but the general downward trend is not excluded. The breakdown of 0.68843 and sustained trading below this level will give a prospect of decline to 0.68665 support. Should prices continue slipping under 0.68660 the area of the level of 0.68515-0.68359 will be the key support area that can activate an upward rebound.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 0.69076, the correction can continue to the area of 0.69275. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 0.69580.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are pointed upwards.


    MACD volumes are in the positive zone and are moving along the zero line, reflecting the relative calmness of the markets and sideways movement of the price.


    Stochastic’s lines are pointed downwards and are reaching the oversold area. , keeping a sell signal.


    Support and resistance


    Support levels: 0.68843, 0.68665, 0.68359.
    Resistance levels: 0.69076, 0.69275, 0.69580.


    Trading recommendations


    Short positions can be opened below the level of 0.68843 with the target at around 0.68665 -0.68515 and stop-loss at 0.68952.
    Long positions can be opened above the level of 0.69275 with the target at around 0.69580 and stop-loss at 0.69173.
     
  14. Andy.atx

    Andy.atx ECZ Member

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    USD/JPY: TECHNICAL ANALYSIS 14.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the price has tested the resistance level of 109.941 and was slightly corrected downwards, but the general upward trend still maintains. One may speak about upward movement continuation after the price consolidates above the resistance level of 110.208. In this case, the next targets of buyers will be the level of 110.328-110.547. Judging by the downward reversal of the Stochastic, this scenario seems less likely.


    Alternative scenario


    The pullback below 109.905 will be a sign of downward correction formation and let the price fall to the 109.766 support level. The further close below this level may push USD/JPY to 109.627 support. This level is coincided with the middle line of Bollinger Bands and will be a key target of the downward correction.


    Technical indicators


    Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD is growing in the negative zone.


    Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 109.905, 109.766, 109.627.
    Resistance levels: 110.115, 109.328, 110.547.


    Trading recommendations


    Short positions can be opened below the level of 109.905 with the target at around 109.766-109.627 and stop-loss at 109.997.
    Long positions can be opened above the level of 110.208 with the target at around 109.328-110.547 and stop-loss at 110.095.
     
  15. Andy.atx

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    GBP/USD: TECHNICAL ANALYSIS 14.01.20
    [​IMG]
    Current trend


    GBP/USD is in the stage of upward correction after falling to the level of 1.29603, but the downward trend is still maintained. At the moment the price has met the resistance at the level of 1.30018. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 1.30310 resistance will give a prospect of growth to the 1.30615 level.


    Alternative scenario


    The downward rebound from 1.30005 and pullback below 1.29814 support could lead the price back to 1.29603 support. In case the pair manage to cross this mark, the level of 1.29395 will be the next support level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 3-week lows surrounding 1.29045.


    Technical indicators


    Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.


    Bollinger Bands are pointed downwards.


    MACD volumes are in the negative zone and are moving along the zero line.


    Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.1.


    Support and resistance


    Support levels: 1.29814, 1.29603, 1.29395, 1.29045.
    Resistance levels: 1.30018, 1.30310, 1.30615.


    Trading recommendations


    Short positions can be opened below the level of 1.29814 with the target at around 1.29603 and stop-loss at 1.29884.
    Long positions can be opened above the level of 1.30018 with the target at around 1.30310 and stop-loss at 1.29920.
     
  16. Andy.atx

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    EUR/JPY: TECHNICAL ANALYSIS 15.01.20
    [​IMG]
    Current trend


    The price has tested the support level of 122.188 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of the 122.266 support will let the price retest 122.188 level. One may speak about downward movement continuation after the price consolidates below this level. In this case, the next targets of sellers will be the level of 121.875.


    Alternative scenario


    The upward rebound from 122.266 support and consolidation of the price above 122.396 will be a signal for upward correction resumption and give the prospect of growth to the 122.562-122.656 resistance. Should prices continue growing above 122.656, the level of 122.755 might try activating a downward rebound.


    Technical indicators


    Technical indicators mostly keep a sell signal but the upward correction is possible in the short term.


    Bollinger Bands are pointed upwards.


    MACD volumes are decreasing in the positive zone.


    Stochastic’s lines are pointed downwards keeping a sell signal.


    Support and resistance


    Support levels: 122.266, 122.188, 121.875.
    Resistance levels: 122.396, 122.656, 122.755.


    Trading recommendations


    Short positions can be opened below the level of 122.266 with the target at around 122.188-121.875 and stop-loss at 122.370.
    Long positions can be opened above the level of 122.396 with the target at around 122.656 and stop-loss at 122.309.
     
  17. Andy.atx

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    XAU/USD: TECHNICAL ANALYSIS 15.01.20
    [​IMG]
    Current trend


    On a 4-hour chart, XAU/USD is trading above its middle line of Bollinger bands suggesting bullish momentum. If the current trend maintains, the next target of the buyers will be 1554.69, then 1558.59 resistance area.


    Alternative scenario


    The pullback below 1546.88 and the pair’s sustained trading below this level will be a signal for downward correction formation and let the price decline to 1542.97-1540.85 support. Further close below this level may push XAU/USD even lower towards the area of 1539.16.


    Technical indicators


    Technical indicators mostly maintain a buy signal.


    Bollinger Bands are pointed sideways.


    MACD volumes are actively decreasing in the negative zone.


    Stochastic is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 1546.88, 1542.97, 1540.85.
    Resistance levels: 1554.69, 1558.69, 1562.50.


    Trading recommendations


    Short positions can be opened below the level of 1546.88 with the target at around 1542.97 and stop-loss at 1548.20.
    Long positions can be opened above the level of 1554.69 with the target at around 1558.69 and stop-loss at 1553.30.
     
  18. Andy.atx

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    NZD/USD: TECHNICAL ANALYSIS 15.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument keeps a moderate downward dynamic. Now the price has met the support at the level of 0.66024. The breakdown of this mark will be a signal for downward trend resumption and let the price decline to 0.65918 support. This level will be a key line for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 0.65741- 0.65613 area.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 0.66223 level ( the middle line of Bollinger Bands), the correction can continue to the area of 0.66400-0.66528. Significant growth is possible after the breakout of the level 0.66583. In this case, the next targets of sellers will be the level of 0.66833.


    Technical indicators


    Technical indicators mostly maintain a sell signal.


    Bollinger Bands are pointed sideways.


    MACD is growing in the negative zone.


    Stochastic’s lines are pointed downwards and are reaching the oversold area.


    Support and resistance


    Support levels: 0.65918, 0.65613, 0.65308.
    Resistance levels: 0.66223, 0.66528, 0.66833.


    Trading recommendations


    Short positions can be opened below the level of 0.65918 with the target at around 0.65613 and stop-loss at 0.66013.
    Long positions can be opened above the level of 0.66223 with the target at around 0.66528 and stop-loss at 0.66123.
     
  19. Andy.atx

    Andy.atx ECZ Member

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    USD/CHF: TECHNICAL ANALYSIS 16.01.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands and testing the resistance 0.96436. This level can activate a downward rebound, while its breakout would allow the growth to continue to 0.96588 then 0.96741 level. According to Stochastic conditions, this scenario seems possible.


    Alternative scenario


    The downward rebound from 0.96436 could lead the price back to 0.96296 support. The breakdown of this level can trigger a pair’s fresh downside to new lows surrounding 0.96130.


    Technical indicators


    Technical indicators maintain a sell signal, but the upward correction is possible in the short term.


    Bollinger Bands are pointed downwards.


    MACD is growing in the negative zone.


    Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 0.96283, 0.96130, 0.96000.
    Resistance levels: 0.96436, 0.96588, 0.96741.


    Trading recommendations


    Short positions can be opened below the level of 0.96283 with the target at around 0.96130-0.96000 and stop-loss at 0.96377.
    Long positions can be opened above the level of 0.96436 with the target at around 0.96588-0.96741 and stop-loss at 0.96334
     
  20. Andy.atx

    Andy.atx ECZ Member

    Joined:
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    USD/CAD: TECHNICAL ANALYSIS 16.01.20
    [​IMG]
    Current trend


    USD/CAD is in the stage of upward correction after falling to the level of 1.30342, but the downward trend is still maintained. The breakout and consolidation of the price above the level of 1.30463 will let USD/CAD reach the resistance level of 1.30570-1.30615. This area is coincided with the middle line of Bollinger Bands and can activate a downward reverse of the price. Meanwhile, the decisive breakout of 1.30615 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.30920.


    Alternative scenario


    A significant decrease is possible after the breakdown of the support level 1.30310. In this case, the next targets of sellers will be the level of 1.30005.


    Technical indicators


    Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bearish momentum.


    MACD volumes are decreasing in the positive zone.


    Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 1.30310, 1.30005, 1.29700.
    Resistance levels: 1.30615, 1.30920, 1.31226.


    Trading recommendations


    Short positions can be opened below the level of 1.30310 with the target at around 1.30005 and stop-loss at 1.30410.
    Long positions can be opened above the level of 1.30615 with the target at around 1.30920 and stop-loss at 1.30515.