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Current trend

On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below the level of 0.68054 and can fall further to the level of 0.67749. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown and pair’s sustained trading below this level will be a signal for downward trend resumption and let the price decline to 0.67596-0.67444.

Alternative scenario

The pullback above 0.68176 will be a signal of upward correction formation and let the price grow to the area of 0.68359-0.68407. This area seems a key target of the upward movement and can activate a downward rebound. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.68407. In this case, the next targets of buyers will be the level of 0.68665.

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

Support and resistance

Support levels: 0.68054, 0.67749, 0.67596, 0.67444.
Resistance levels: 0.68176, 0.68359, 0.68665.

Trading recommendations

Short positions can be opened below the level of 0.68054 with the target at around 0.67749 and stop-loss at 0.68155.
Long positions can be opened above the level of 0.68176 with the target at around 0.68359-0.68407and stop-loss at 0.68099.

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 108.725, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 109.180, the correction can continue to the area of 109.375-109.462. Judging by the upward bias of the Stochastic, this case scenario seems possible soon. The level of 109.462 seems a strong resistance, which can activate a downward rebound.

Alternative scenario

The pullback and below 108.984 could lead the price back to 108.725 support. Further close below this level could trigger a pair’s fresh downside to a 3-weeks low surrounding 108.594 support. This level can activate an upward rebound while its breakdown will be a signal for downward trend resumption and let the price decline to 108.398-108.203 support area.

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

Support and resistance

Support levels: 108.984, 108.725, 108.594, 108.398.
Resistance levels: 109.180, 109.375, 109.570, 109.766.

Trading recommendations

Short positions can be opened below the level of 108.725 with the target at around 108.594-108.398 and stop-loss at 108.834.
Long positions can be opened above the level of 109.180 with the target at around 109.375-109.462 and stop-loss at 109.086.

Current trend

The GBP/USD pair begins today’s trading with a slight bearish bias. The price went down below the support level of 1.30615 and can decline further to the level of 1.30463-1.30310. The area of 1.30310 level 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 1.30005.

Alternative scenario

The pullback above 1.30768 resistance will be a signal of upward correction formation and give a prospect of growth to 1.30920. The area of 1.30920-1.31000 (middle line of Bollinger Bands) seems a key target of the correction movement. There is a high chance of a downward reverse of the price. However, the decisive breakout of 1.31000 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the area of levels 1.31226-1.31325.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are diverging on the background of bearish momentum.

MACD volumes are actively decreasing in the positive zone.

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

Support and resistance

Support levels: 1.30615, 1.30310, 1.29700.
Resistance levels: 1.30920, 1.31226, 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 1.30000 with the target at around 1.31226-1.31325 and stop-loss at 1.29900.

Current trend

Today USD/CHD price is moderately growing and is now approaching the resistance level of 0.97046. Assuming the pair’s ability to cross this level, the mark of 0.97280 and the 0.97351 can be targeted if holding long positions. The level of 0.97351 can activate a downward reverse of the price. However, the decisive break of 0.97351 will give a prospect of growth to the 0.97656 resistance, which is the key “bullish” level for the short term period.

Alternative scenario

The downward rebound from 0.97046 and pullback below 0.96829 will be a sign of downward movement resumption and let the price decline to 0.96678 support. There is a chance of an upward rebound, while its breakdown would trigger a pair’s fresh decline to the one-week low surrounding the 0.96436 support.

Technical indicators

Technical indicators maintain a buy signal.

Bollinger Bands are diverging on the background of bullish momentum.

MACD is growing in a positive zone.

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

Support and resistance

Support levels: 0.96829, 0.96678, 0.96436.
Resistance levels: 0.97046, 0.97280, 0.97351, 0.97656.

Trading recommendations

Short positions can be opened below the level of 0.96829 with the target at around 0.96678-0.96436 and stop-loss at 0.96960.
Long positions can be opened above the level of 0.97046 with the target at around 0.97280-0.97351 and stop-loss at 0.96944.

Current trend

USD/CAD is in the stage of consolidation after falling to the level of 1.31233, but the downward potential is still maintained. In case the pair manage to cross 1.31233 support, the next target of the sellers will be 1.31050 level (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 area of 1.30920.

Alternative scenario

The upward rebound from 1.331226 and pullback above 1.31381 will be a signal for upward correction formation and give a prospect of growing to the 1.31531 resistance. Should prices continue growing above 1.31531 the level of 1.31707 might try activating a downward rebound.

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

Support and resistance

Support levels: 1.31226, 1.30920, 1.30615.
Resistance levels: 1.31381, 1.31531, 1.31707.

Trading recommendations

Short positions can be opened below the level of 1.31226 with the target at around 1.30920 and stop-loss at 1.31328.
Long positions can be opened above the level of 1.31381 with the target at around 1.31531-1.31707 and stop-loss at 1.31272.

Current trend

On the 4-hour chart, the instrument keeps a negative dynamic. Now the pair is testing the strong support level of 1.10474. The breakdown of this level will give a prospect of decline to 1.10359-1.10321. This area seems a strong support zone which can activate an upward rebound. However, the decisive break of 1.10321 is needed to indicate the downward trend resumption. In this case, the next target of sellers will be the level of 1.10168.

Alternative scenario

The upward rebound from 1.10474 and pullback above 1.10579 will be a sign of upward correction and let the price grow to the area of 1.10626-1.10779. This area will be a key target of the upward correction and can activate a downward reverse. Meanwhile, a breakout of 1.10779 will be a signal of the upward trend restoring. In this case, the buyers will have their sight on 1.10931-1.11084.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are diverging on the background of bearish momentum.

MACD is growing in a positive zone.

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

Support and resistance

Support levels: 1.10474, 1.10321, 1.10168.
Resistance levels: 1.10626, 1.10779, 1.10931, 1.11084.

Trading recommendations

Short positions can be opened below the level of 1.10474 with the target at around 1.10321-1.10168 and stop-loss at 1.10576.
Long positions can be opened above the level of 1.10626 with the target at around 1.10779-1.10931 and stop-loss at 1.10524.

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