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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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    EUR/USD: TECHNICAL ANALYSIS 16.03.20
    [​IMG]
    Current trend


    EUR/USD quotes attempted to grow, but reaching 1.11928 marks moved to a decline. Pair’s sustained trading below 1.11084 will let the price re-test the 1.10842-1.10474 support area. The breakdown of the lower border will trigger a pair's active decline to the new lows surrounding 1.09863.


    Alternative scenario


    The upward rebound from 1.11084 and pullback above the level of 1.11694 will let the price grow to the area of 1.11928. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.12305 resistance, which seems a key “bullish” mark for the short-term period. There is a high chance of a downward rebound, while its breakout would allow the growth to continue to the area of 1.12600.


    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: 1.11084, 1.10842, 1.10474, 1.09863.
    Resistance levels: 1.11694, 1.11928, 1.12305, 1.12600.


    Trading recommendations


    Short positions can be opened below the level of 1.10474 with the target at around 1.10000 and stop-loss at 1.10632.
    Long positions can be opened above the level of 1.11928 with the target at around 1.12305 and stop-loss at 1.11803.
     
  2. Andy.atx

    Andy.atx ECZ Member

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    USD/JPY: TECHNICAL ANALYSIS 17.03.20
    [​IMG]
    Current trend


    The USD/JPY pair begins today’s trading with a slight bullish bias. The price has tested the resistance level of 107.185 and was slightly corrected downwards, but the upward trend maintains. The breakout of the 107.185 level could accelerate the quotes towards 107.560-107.813 resistance-zone. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there.


    Alternative scenario


    The pullback below 106.250 support will let the price re-test the 105.875 support. The area of 105.875-105.575 is coincided with the middle line of Bollinger Bands and can activate un upward reverse of the price. However, the decisive breakdown of the lower border is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 105.000.


    Technical indicators


    Technical indicators maintain a buy signal.


    Bollinger Bands are pointed upwards.


    MACD is growing in a positive zone.


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


    Support and resistance


    Support levels: 106.250, 106.000, 105.875, 105.575.
    Resistance levels: 107.185, 107.560, 107.813.


    Trading recommendations


    Short positions can be opened below the level of 106.250 with the target at around 105.875 and stop-loss at 106.375.
    Long positions can be opened above the level of 107.185 with the target at around 107.560 and stop-loss at 107.060.
     
  3. Andy.atx

    Andy.atx ECZ Member

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    GBP/USD: TECHNICAL ANALYSIS 17.03.20
    [​IMG]
    Current trend


    GBP/USD quotes continue to consolidate in the side channel 1.22340-1.22679 after a significant decline over the past two months. Judging by the upward reversal of the Stochastic the pair has a potential of growth to the 1.23291 resistance. This level will be the first target of the upward correction movement. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 1.23512-1.24000.


    Alternative scenario


    One may speak about downward movement continuation after the price consolidates below the strong support level of 1.22070. In this case, the sellers will aim for the 1.21570 support.


    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: 1.22070, 1.21570, 1.21200.
    Resistance levels: 1.22679, 1.23000, 1.23291, 1.23512.


    Trading recommendations


    Short positions can be opened below the level of 1.22070 with the target at around 1.21570 and stop-loss at 1.22236.
    Long positions can be opened above the level of 1.22680 with the target at around 1.23291 and stop-loss at 1.22476.
     
  4. Andy.atx

    Andy.atx ECZ Member

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    AUD/USD: TECHNICAL ANALYSIS 17.03.20
    [​IMG]
    Current trend


    AUD/USD pair remains under pressure and trading in the zone of historical lows. The instrument is now testing the support level of 0.61035. Assuming the pair’s ability to cross it, the levels of 0.60783 and 0.60400 can be targeted if holding short positions.


    Alternative scenario


    The upward rebound from 0.61035 and pullback above 0.61373 will let the price re-test the 0.61646 resistance. The breakout of this level will be a sign of the upward correction development and give a prospect of growth to the area of 0.61900-0.62256. Judging by the extremely overselling pair, the upward correction scenario seems possible.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are pointed downwards.


    MACD is growing in the negative zone.


    Stochastic is pointed downwards.


    Support and resistance


    Support levels: 0.61035,0.60783, 0.60400, 0.60100.
    Resistance levels: 0.61373, 0.61646, 0.61900, 0.62256.


    Trading recommendations


    Short positions can be opened below the level of 0.61035 with the target at around 0.60783 and stop-loss at 0.61119.
    Long positions can be opened above the level of 0.61373 with the target at around 0.61646 and stop-loss at 0.61282.
     
  5. Andy.atx

    Andy.atx ECZ Member

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    XAU/USD: TECHNICAL ANALYSIS 18.03.20
    [​IMG]
    Current trend


    Yesterday the XAU/USD tested the resistance level of 1553.79 and was slightly corrected downwards to the area 1531.25-1525.08 support. Today we watch the consolidation of the price around this area. The breakdown of the 1525.08 mark and sustained trading below it will be a signal of the downward trend resumption. In this case, the decline can accelerate towards the 1517.00-1500.00 support area.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 1546.25, the correction can continue to the area of 1553.79. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakout of 1553.79 is needed to indicate the uptrend resumption. In this case, the next targets of buyers will be the level of 1562.50.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are pointed sideways.


    MACD is decreasing in the negative zone.


    Stochastic is pointed downwards, forming a sell signal.


    Support and resistance


    Support levels: 1528.08, 1517.00, 1510.00, 1500.00.
    Resistance levels: 1546.25, 1553.75, 1562.50, 1575.25.


    Trading recommendations


    Short positions can be opened below the level of 1528.08 with the target at around 1517.00 and stop-loss at 1531.00.
    Long positions can be opened above the level of 1546.25 with the target at around 1553.75 and stop-loss at 1544.00.
     
  6. Andy.atx

    Andy.atx ECZ Member

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    NZD/USD: TECHNICAL ANALYSIS 18.03.20
    [​IMG]
    Current trend


    NZD/USD quotes continue to consolidate in the narrow side channel 0.59344-00.59672 after a significant decline over the last week. To continue the downward dynamic, the pair should cross the level of 0.59143. In this case, the sellers will aim for the 0.59000-0.58700.


    Alternative scenario


    The upward rebound from 0.59344 and the pair’s sustained trading above 0.59814 resistance will be a signal of upward correction formation and let the price grow to the area of 0.60120. Should prices continue growing above this level, the mark of 0.60425 (the middle line of Bollinger bands) might try activating a downward rebound as the key correction target.


    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:0.59344, 0.59143, 0.59000, 0.58700.
    Resistance levels: 0.59814, 0.60120, 0.60425.


    Trading recommendations


    Short positions can be opened below the level of 0.59344 with the target at around 0.59000 and stop-loss at 0.59458.
    Long positions can be opened above the level of 0.59814 with the target at around 0.60120 and stop-loss at 0.59712.
     
  7. Andy.atx

    Andy.atx ECZ Member

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    EUR/JPY: TECHNICAL ANALYSIS 18.03.20
    [​IMG]
    Current trend


    EUR/JPY quotes attempted to grow, but reaching 118.647 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 117.844, the downward correction can continue to the area of 117.534-117.285. The key levels for the sellers will be 117.188 support-line. There is a high chance of an upward rebound, while its breakdown would accelerate the decline to the area of 116.825-116.406.


    Alternative scenario


    One may speak about upward movement continuation after the price consolidates above the strong resistance level of 118.750. In this case, the next targets of buyers will be the level of 119.206-119.531.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are converging on the background of bullish momentum.


    MACD is slowly growing in the negative zone, forming a sell signal.


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


    Support and resistance


    Support levels: 117.969, 117.534, 117.285, 116.825.
    Resistance levels: 118.485, 118.750, 119.206, 119.531.


    Trading recommendations


    Short positions can be opened below the level of 117.844 with the target at around 117.534 and stop-loss at 117.947.
    Long positions can be opened above the level of 118.750 with the target at around 119.206 and stop-loss at 118.610.
     
  8. Andy.atx

    Andy.atx ECZ Member

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    EUR/JPY: TECHNICAL ANALYSIS 23.03.20
    [​IMG]
    Current trend


    On 4-hour chart, EUR/JPY is trading below the middle line of Bollinger Bands suggesting bearish momentum. The instrument is now testing the level of 117.969-119.847 support zone. The breakdown of the lower border can accelerate the plunge towards 117.560-117.389 levels.


    Alternative scenario


    The upward rebound from 117.969 and pullback above 118.268 ( middle line of Bollinger Bands) will be a sign of the upward trend resumption and give a prospect of growth to the area of 118.564-118.750 resistance zone. The upper border can activate a downward reverse of the price. Meanwhile, the breakout of this level can accelerate the pair towards 119.283 resistance.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are diverging on the background of bearish momentum.


    MACD histogram is ready to enter the negative zone and form a sell signal.


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


    Support and resistance


    Support levels: 117.969, 117.560, 117.389.
    Resistance levels: 118.564, 118.750, 119.283.


    Trading recommendations


    Short positions can be opened below the level of 117.969 with the target at around 117.560 and stop-loss at 118.105.
    Long positions can be opened above the level of 118.564 with the target at around 118.750-119.000 and stop-loss at 118.418.
     
  9. Andy.atx

    Andy.atx ECZ Member

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    XAU/USD: TECHNICAL ANALYSIS 23.03.20
    [​IMG]
    Current trend


    Today XAU/USD quotes attempted to grow but reaching 1507.94 mark were corrected to the area of 1492.00 support. Now we can see a price consolidation around this mark. If the sellers manage to decline the rate below the level of 1490.10, the decline will continue to the next support area around the 1485.00-1479.00 zone. This area can activate an upward rebound. However, the decisive breakdown of 1479.00 and a sustained move below it will give a prospect of decline to the area of 1468.75.


    Alternative scenario


    The breakout of the 1500.00 resistance and pair' sustained trading above it will be a sign of the upward trend resumption and let the price grow to the area of 1507.94- 1513.95 resistance. The breakout of this level could trigger a pair’s fresh run-up to a one-week high surrounding 1522.64.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are converging on the background of the sideway movement of the price.


    MACD is decreasing in the negative zone.


    Stochastic lines are pointed sideways.


    Support and resistance


    Support levels: 1490.10, 1482.35, 1479.00.
    Resistance levels: 1497.95, 1500.00, 1507.94, 1513.95.


    Trading recommendations


    Short positions can be opened below the level of 1490.10 with the target at around 1482.35 and stop-loss at 1492.70.
    Long positions can be opened above the level of 1500.00 with the target at around 1507.94 and stop-loss at 1497.40.
     
  10. Andy.atx

    Andy.atx ECZ Member

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    NZD/USD: TECHNICAL ANALYSIS 23.03.20
    [​IMG]
    Current trend


    On a 4-hour chart, NZD/USD is trading below the middle line of Bollinger Bands suggesting bearish momentum. The breakdown of the level 0.55868 will be a signal of the downward trend resumption and give a prospect of decline to the area of 0.55400-0.55000.


    Alternative scenario


    The upward rebound from 0.56152 and pullback above 0.56717 will be a sign of the upward correction formation and let the price grow to the area of 0.57430, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.57858.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are pointed downwards.


    MACD is growing in the negative zone.


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


    Support and resistance


    Support levels: 0.56152, 0.55868, 0.55400, 0.55000.
    Resistance levels: 0.56717, 0.57430, 0.57858.


    Trading recommendations


    Short positions can be opened below the level of 0.56152 with the target at around 0.55868 and stop-loss at 0.56246.
    Long positions can be opened above the level of 0.56717 with the target at around 0.57000 and stop-loss at 0.56620.
     
  11. Andy.atx

    Andy.atx ECZ Member

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    USD/CHF: TECHNICAL ANALYSIS 24.03.20
    [​IMG]
    Current trend


    On 4-hour chart, USD/CHF is trading below the middle line of Bollinger Bands suggesting bearish momentum. The first strong support for the pair will be 0.97656 line. There is a chance of an upward rebound, while its breakdown can accelerate the pair towards 0.97351-0.97000.


    Alternative scenario


    The upward rebound from 0.97656 and pullback above 0.98060 (the middle line of Bollinger Bands) will be a sign of the upward trend restoring and let the price grow to the area of 0.98447 resistance. The breakout of this level will give a prospect of growth to the area of last week high surrounding 0.98877 resistance.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are converging on the background of bearish momentum.


    MACD volumes are decreasing in the positive zone.


    Stochastic is pointed downwards.


    Support and resistance


    Support levels: 0.97656, 0.97351, 0.97000.
    Resistance levels: 0.98060, 0.98447, 0.98877.


    Trading recommendations


    Short positions can be opened below the level of 0.97656 with the target at around 0.97351 and stop-loss at 0.97750.
    Long positions can be opened above the level of 0.98060 with the target at around 0.98447 and stop-loss at 0.97931.
     
  12. Andy.atx

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    USD/CAD: TECHNICAL ANALYSIS 24.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the price went down below the level of 1.44350 (the middle line of Bollinger Bands) and has a potential for further decline. The breakdown of 1.44043 support will be a signal of the downward trend resumption and give a prospect of decline to the area of 1.43348 support.
    In case the pair manage to consolidate below it, the plunge will continue to the area of 1.43000-1.42822 support.


    Alternative scenario


    The upward rebound from 1.44043 and pullback above 1.44653 will be a sign of the upward trend resumption and let the price grow to the area of 1.45054-1.45264. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.45600. In this case, the next targets of buyers will be the level of 1.46000-1.46484.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are pointed downwards.


    MACD volumes are decreasing in the positive zone.


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


    Support and resistance


    Support levels: 1.44043, 1.43348, 1.43000, 1.42282.
    Resistance levels: 1.44338, 1.44653, 1.45054, 1.45264.


    Trading recommendations


    Short positions can be opened below the level of 1.44043 with the target at around 1.43348 and stop-loss at 1.44274.
    Long positions can be opened above the level of 1.44653 with the target at around 1.45054 and stop-loss at 1.44519.
     
  13. Andy.atx

    Andy.atx ECZ Member

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    EUR/USD: TECHNICAL ANALYSIS 24.03.20
    [​IMG]
    Current trend


    The EUR/USD pair begins today’s trading with slight bullish bias due to correction. At the moment the price has met the resistance at the level of 1.08222. Assuming the pair’s ability to cross this mark, the level of 1.08643 can be targeted if holding long positions. This level can activate a downward reverse of the price. Meanwhile, the decisive breakout of 1.08643 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.08900-1.09180.


    Alternative scenario


    The downward rebound from 1.08175 could lead the price back to 1.07872-1.07422 support zone. The lower border of this range coincides with the middle line of the Bollinger Bands. The breakdown of 1.07422 and a sustained move below it will give a prospect of decline to the area of 1.07117-1.06980.


    Technical indicators


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


    Bollinger Bands are converging on the background of bullish momentum.


    MACD is decreasing in the negative zone.


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


    Support and resistance


    Support levels: 1.07422, 1.07117, 1.06980.
    Resistance levels: 1.08222, 1.08643, 1.08900, 1.09180.


    Trading recommendations


    Short positions can be opened below the level of 1.07422 with the target at around 1.07117 and stop-loss at 1.07523.
    Long positions can be opened above the level of 1.08222 with the target at around 1.08643 and stop-loss at 1.08081.
     
  14. Andy.atx

    Andy.atx ECZ Member

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    EUR/JPY: TECHNICAL ANALYSIS 26.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument shows a sideways dynamic in the narrow channel 121.067-121.500. If the "bulls" manage to raise the rate above the level of 121.067, the growth will continue to the area of 121.500, then 121.875. The last one seems a strong resistance level, which can activate a downward reverse of the price. Meanwhile, the decisive breakout of 121.875 can trigger a pair’s fresh run-up to a new local high surrounding 122.656.


    Alternative scenario


    The pullback below 120.313 support will be a signal of the downward correction development and let the price decline to the area of 119.800, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would accelerate the downward dynamic. In this case, the next targets of sellers will be the level of 119.531-119.141.


    Technical indicators


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


    Bollinger Bands are pointed upwards.


    MACD is growing in a positive 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: 120.500, 120.313, 119.800, 119.531.
    Resistance levels: 121.094, 121.500, 121.875.


    Trading recommendations


    Short positions can be opened below the level of 120.313 with the target at around 119.800 and stop-loss at 120.479.
    Long positions can be opened above the level of 121.094 with the target at around 121.500 and stop-loss at 120.960.
     
  15. Andy.atx

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    XAU/USD: TECHNICAL ANALYSIS 26.03.20
    [​IMG]
    Current trend

    Today XAU/USD price is moderately falling and is now testing the support level of 1593.75. The breakdown of this level will give a prospect of decline to the area of 1580.35, which coincided with the middle line of Bollinger Bands. This level can activate an upward rebound. Meanwhile, the breakdown of 1580.35 and the pair’s sustained trading below it will be a signal for the sellers to give a prospect of decline to the area of 1570.00-1562.50.

    Alternative scenario

    The upward rebound from 1593.75 support and pullback above 1607.46 will be a sign of the upward correction formation and let the price grow to the area of 1617.08 resistance. The breakout of this level will give a prospect of growth to 1625.00 resistance, which seems a key level for the buyers in the short-term period.

    Technical indicators

    Technical indicators maintain a sell signal.

    Bollinger Bands are converging on the background of bearish momentum.

    MACD volumes are decreasing in the positive zone.

    Stochastic lines are pointed downwards.

    Support and resistance

    Support levels: 1593.75, 1585.00, 1580.35, 1570.00.
    Resistance levels: 1607.46, 1617.08, 1625.00.

    Trading recommendations

    Short positions can be opened below the level of 1593.75 with the target at around 1585.00 and stop-loss at 1596.00.
    Long positions can be opened above the level of 1607.46 with the target at around 1615.08 and stop-loss at 1604.00.
     
  16. Andy.atx

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    NZD/USD: TECHNICAL ANALYSIS 26.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is correcting up from the middle line of the Bollinger Bands and is approaching a strong resistance 0.58594. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Ноvewer, the decisive breakout of 0.58594 is needed to indicate uptrend resumption. In this case, the next targets of buyers will be the level of 0.59112.


    Alternative scenario


    The downward rebound from 0.58594 and pullback below 0.58200 could lead the price back to 0.57813 support, which coincided with the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown can accelerate the plunge to the area of 0.57373-0.56700 support.


    Technical indicators


    Technical indicators maintain a buy signal.


    Bollinger Bands are pointed upwards.


    MACD is growing in a positive zone.


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


    Support and resistance


    Support levels: 0.58200, 0.57813, 0.57373, 0.56700.
    Resistance levels: 0.58594, 0.59112, 0.59512.


    Trading recommendations


    Short positions can be opened below the level of 0.57813 with the target at around 0.57500 and stop-loss at 0.57917.
    Long positions can be opened above the level of 0.58594 with the target at around 0.59000 and stop-loss at 0.58464.
     
  17. Andy.atx

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    USD/CHF: TECHNICAL ANALYSIS 27.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 0.95848. Judging by the upward reversal of the Stochastic the upward correction is possible soon. Meanwhile, the breakdown of the 0.95848 support will be a signal of the downward trend resumption and let the price decline to the area 0.95500-0.95215.


    Alternative scenario


    The upward rebound from 0.95848 and pullback above 0.96436 will be a signal of the upward correction development and let the price grow to the area of 0.96771. This level will be a first strong resistance on the way of the upward correction. There is a chance of a downward rebound, while its breakout would accelerate the growth to the area of the key correction's target surrounding 0.97300.


    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 the negative zone.


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


    Support and resistance


    Support levels: 0.95848, 0.95500, 0.95215.
    Resistance levels: 0.96231, 0.96436, 0.96771, 0.97000.


    Trading recommendations


    Short positions can be opened below the level of 0.95848 with the target at around 0.95500 and stop-loss at 0.95964.
    Long positions can be opened above the level of 0.96436 with the target at around 0.96771 and stop-loss at 0.96324.
     
  18. Andy.atx

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    USD/CAD: TECHNICAL ANALYSIS 27.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument keeps a negative dynamic. Now the price went down below the 1.40381 support and has the potential of decline to 1.40000-1.39900. The lower border can activate a downward rebound in the short-term period. However, the breakdown of 1.39900 will give a prospect of decline to the area of 1.39160 support.


    Alternative scenario


    The pullback above 1.40704 will be a signal of the upward correction development and let the price grow to the area of 1.41300-1.41600. The upper border of this channel seems a strong resistance, which can activate a downward rebound. However, the decisive breakout of 1.41600 will indicate the upward trend resumption and give a prospect of the growth to the area of 1.42000-1.42400.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are pointed downwards.


    MACD is growing in the negative zone.


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


    Support and resistance


    Support levels: 1.39900, 1.39400, 1.39160.
    Resistance levels: 1.40381, 1.40800, 1.41300, 1.41600.


    Trading recommendations


    Short positions can be opened below the level of 1.39900 with the target at around 1.39400 and stop-loss at 1.40066.
    Long positions can be opened above the level of 1.40704 with the target at around 1.41000 and stop-loss at 1.40600.
     
  19. Andy.atx

    Andy.atx ECZ Member

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    EUR/USD: TECHNICAL ANALYSIS 27.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price went up above the level of 1.10474 and can grow further to the level of 1.11084. Judging by the downward reversal of Stochastic the area of 1.11084 resistance can activate a downward reverse of the price. Meanwhile, the decisive breakout of this level can accelerate the upward dynamic towards 1.11694 resistance.


    Alternative scenario


    The pullback below 1.10474 will be a signal of the downward correction development and let the price decline to the area of 1.10206. Pair’s sustained trading below this level will give a prospect of decline to the area of 1.09863 level, which seems an important support-line. There is a chance of an upward rebound, while its breakdown would accelerate the downward correction to the main target around 1.09253-1.08855.


    Technical indicators


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


    Bollinger Bands are pointed upwards.


    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: 1.10474, 1.10206, 1.09863, 1.09523.
    Resistance levels: 1.10862, 1.11084, 1.11300, 1.13694.


    Trading recommendations


    Short positions can be opened below the level of 1.10206 with the target at around 1.09863 and stop-loss at 1.10320.
    Long positions can be opened above the level of 1.11084 with the target at around 1.11300-1.11400 and stop-loss at 1.10978.
     
  20. Andy.atx

    Andy.atx ECZ Member

    Joined:
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    USD/JPY: TECHNICAL ANALYSIS 30.03.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price has tested the support level of 107.116 and was slightly corrected upwards, but the general downward trend maintains. The breakdown of the 107.116 marks will be a signal of the downward trend resumption and give a prospect of decline to the area of 106.550-106.250. The lower border of this zone seems strong support, which can activate an upward rebound. Meanwhile, the breakdown of 106.250 can diver market to 106.000-105.469 rest-points.


    Alternative scenario


    If the "bulls" manage to raise the rate above the level of 107.813, the correction can continue to the area of 108.000-108.250. The breakout of 108.250 and the pair’s sustained trading above will be a trigger for upward trajectory and let the price test 108.594 resistance.


    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: 107.422, 107.116, 106.550, 106.250.
    Resistance levels: 107.813, 108.000, 108.250, 108.594.


    Trading recommendations


    Short positions can be opened below the level of 107.116 with the target at around 106.600 and stop-loss at 107.288.
    Long positions can be opened above the level of 107.813 with the target at around 108.000-108.250 and stop-loss at 107.667.