Тechnical analysis of currency pairs (Anton Hanzenko)

EUR USD (current price: 1.1680)

• Support levels: 1.1700 (August 2015 maximum), 1.1600 (2016 maximum), 1.1470.
• Resistance levels: 1.2000, 1.2100, 1.2270 (November 2014 minimum).
• Сomputer analysis: CMACD (signal – upward motion): the indicator is above 0, the signal line is in the body of the histogram. RSI is in the overbought zone. Bollinger Bands (period 20): overbought, growing volatility.

• The main recommendation: sale entry is started from 1.1680 (Fibo. 23.6 from the low of December 2016), 1.1700, 1.1730.
• Alternative recommendation: buy entry is started from 1.1650, 1.1620 (MA 200), 1.1600.

The euro strengthened at the beginning of the day based on the publication of positive preliminary data on Germany’s GDP. As a result, this pair managed to come closer to significant resistance levels, but the trade channel is relevant and do not forget about the upcoming news.

GBP USD (current price: 1.3100)

• Support levels: 1.3140, 1.2900, 1.2740 (August 2017 minimum).
• Resistance levels: 1.3500, 1.3660, 1.3830 (February 2016 minimum).
• Computer analysis: MACD (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, low volatility.
• The main recommendation: sale entry is started from 1.3140, 1.3170, 1.3220.
• Alternative recommendation: buy entry is started from 1.3090, 1.3060, 1.3030.

The British pound remains under pressure, despite yesterday’s recovery. As a result, it is possible to resume the downward dynamics. Today, a significant amount of news is expected in the UK.

USD CHF (current price: 0.9960)

• Support levels: 0.9700, 0.9600, 0.9530.
• Resistance levels: 1.0000, 1.0050, 1.0100 (May maximum).
• Computer analysis: MACD (signal – upward motion): the indicator is above 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 0.9980 (MA 200), 1.0000, 1.0020.
• Alternative recommendation: buy entry is started from 0.9940, 0.9920, 0.9900.

The Swiss franc remains trading at the day’s opening level, thereby maintaining a sideways trend due to the uncertainty of the market.

USD JPY (current price: 113.70)

• Support levels: 108.90, 108.10 (April 2017 minimum ), 107.30 ( 2017 minimum).
• Resistance levels: 113.70, 114.50 (July 2017 maximum), 115.00.
• Computer analysis: MACD (signal – upward motion): the indicator is above 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 113.70, 113.90, 114.10.
• Alternative recommendation: buy entry is started from 113.20, 112.90 (Fibo. 50.0 from the maximum of December 2016), 112.60.

The Japanese yen weakened slightly, despite the continuing uncertainty. Further strengthening of the pair is possible on the development of the figure “double bottom”.

USD CAD (current price: 1.2740)

• Support levels: 1.2200, 1.2060 (2017 minimum), 1.1950 (2015 minimum).
• Resistance levels: 1.2780 (August 2017 maximum), 1.3000, 1.3160.
• Computer analysis: MACD (signal – downward motion): the indicator is higher than 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, growing volatility.
• The main recommendation: sale entry is started from 1.2750 (MA 200), 1.2780, 1.2820.
• Alternative recommendation: buy entry is started from 1.2710 (MA 100), 1.2670, 1.2650.

The Canadian dollar remains under pressure at the beginning of the day due to the negative dynamics of raw materials, but is limited by a significant oversold.

AUD USD (current price: 0.7630)

• Support levels: 0.7740, 0.7320 (2017 minimum), 0.7120.
• Resistance levels: 0.8120 (2017 maximum), 0.8200, 0.8290 (2014 maximum).
• Computer analysis: MACD (signal – upward motion): the indicator is below 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 0.7640, 0.7660 (MA 200), 0.7690.
• Alternative recommendation: buy entry is sarted from 0.7610, 0.7590, 0.7570.

The Australian slightly strengthened early in the day based on data on Australia, but remains under pressure of a general decline in commodity currencies.

NZD USD (current price: 0.6860)

• Support levels: 0.7000, 0.6930, 0.6820 (the minimum of the current year).
• Resistance levels: 0.7380, 0.7450, 0.7550 (2017 maximum).
• Computer analysis: MACD (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the oversold zone. Bollinger Bands (period 20): oversold, growing volatility.
• The main recommendation: sale entry is started from 0.6880, 0.6900, 0.6920 (MA 200).
• Alternative recommendation: buy entry is started from 0.6850, 0.6830, 0.6820 (October minimum).

The New Zealand dollar remains trading near a monthly low because of the decline in stock indices and the cost of raw materials. After a rapid decline, correction is possible.

XAU USD (current price: 1276.00)

• Support levels: 1250.00, 1226.00, 1200.00.
• Resistance levels: 1340.00, 1355.00, 1374.00 (2016 maximum).
• Computer analysis: MACD (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 1290.00 (Fibo. 50.0 from the July low), 1294.00, 1287.00.
• Alternative recommendation: buy entry is started from 1274.00, 1270.00, 1268.00.

Gold weakened slightly at the beginning of the day, but is still trading in a very low-key dynamics in flat, which is caused by market ambiguity.