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Current trend

On the 4-hour chart, EUR/JPY keeps a negative dynamic. Now the price is testing the support level of 119.516. Assuming the pair’s ability to cross this level, the marks of 119.336-119.141 can be targeted if holding sell positions. The area of 119.141 is a strong support zone, which can activate an upward reverse. Meanwhile, a decisive breakdown of 119.141 could trigger a new wave of pair’s active sales. In this case, the next targets of sellers will be the level of 119.000-118.800.

Alternative scenario

Pullback above 119.802 will let the price correcting up to 119.922-120.117. This area will be a key zone for the buyers in the short term period. There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption and give a prospect of growing to the level 120.313.

Support and resistance

Support levels: 119.516, 119.336, 119.141.
Resistance levels: 119.727, 119.922, 120.117.

Trading recommendations

Short positions can be opened below the level of 119.516 with the target at around 119.336-119.141 and stop-loss at 119.641.
Long positions can be opened above the level of 119.802 with the target at around 119.922-120.117 and stop-loss at 119.697.

Current trend

XAU/USD continues to consolidate in the side channel with the borders 1461.05-1465.07. Meanwhile, the instrument has the potential to further growth. If the "bulls" manage to. raise the rate above the level of 1465.07, the growth can continue to the area of 1468.75. The area of 1468.75-1472.85 seems a strong resistance area, which can activate a downward rebound.

Alternative scenario

The rebound from 1468.75 could lead the price back to 1460.30 support. The downward trend will be restored after the price is set below the level of 1459.00, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1453.13.
Now the technical indicators reflect the developing of the current upward trend. Bollinger Bands are diverging on the background of bullish momentum.
Stochastic is directed upwards.
MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1460.30, 1453.13, 1445.33.
Resistance levels: 1465.07, 1468.75, 1472.85, 1476.56.

Trading recommendations

Short positions can be opened below the level of 1460.30 with the target at around 1453.13 and stop-loss at 1463.00.
Long positions can be opened above the level of 1468.75 with the target at around 1472.85 and stop-loss at 1467.45.

Current trend

The NZD/USD pair begins today’s trading with a bearish bias to correction. The first target of the correction will be the area of levels of 0.63782 - 0.63682, which corresponds to the middle line of Bollinger Bands. The level of 0.63682 can activate an upward rebound and let the price to retest the resistance 0.64087. According to technical indicators, such a case scenario seems more likely.
Meanwhile, the breakdown of 0.63682 and the pair’s sustained trading below it will be a signal for downward trend formation and give a prospect of decline to 0.63629-0.63477.

Alternative scenario

The upward trend will be restored after the price is set above the level of 0.64175. In this case, the next targets of buyers will be the level of 0.64392-0.64545.

Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed вupwards. MACD is stabilized in the 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: 0.63782, 0.63629, 0.63477, 0.63324.
Resistance levels: 0.64175, 0.64240, 0.64392, 0.64545.

Trading recommendations

Short positions can be opened below the level of 0.63782 with the target at around 0.63477 and stop-loss at 0.63883.

Long positions can be opened above the level of 0.64175 with the target at around 0.64392 and stop-loss at 0.64102.

Current trend

On the 4-hour chart, the price has tested the support level of 0.68298 and was slightly corrected upwards, but the downward trend maintains. To continue the downward trend AUD/USD should consolidate below 0.68298 hurdle. In this case, the sellers will aim for a 0.68207-0.68054 support zone.

Alternative scenario

If the "bulls" manage to raise the rate above the level of 0.68565, the correction can continue to the area of 0.68665 resistance. Probably any attempted recovery seems more likely to get sold into aggressively near this area. Meanwhile, the breakout of 0.68665 can accelerate the pair towards 0.68817-0.68860.

Technical indicators mostly reflect the maintenance of the downward potential.  Stochastic is pointed downwards. MACD is in the negative zone. Bollinger Bands are converging on the background of bullish momentum, reflecting the possibility of an upward correction.

Support and resistance

Support levels: 0.68359, 0.68207, 0.68054.
Resistance levels: 0.68512, 0.68665, 0.68817.

Trading recommendations

Short positions can be opened below the level of 0.68259 with the target at around 0.68054 and stop-loss at 0.68327.
Long positions can be opened above the level of 0.68565 with the target at around 0.68817 and stop-loss at 0.68481.

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 108.864. The first target of the correction is the level of 109.125-109.180, which corresponds to the middle line of Bollinger Bands. This area can be an intermediate halt during the growth to 109.375 resistance. The area of 109.375-109.481 seems a strong resistance area, which can prevent the instrument from the growing as the possibility of the reverse of the price is high there. Meanwhile, decisive break of 109.481
is needed to indicate uptrend resumption. In this case, the buyers will aim for a 109.570-109.766 resistance zone.

Alternative scenario

If the pair cannot consolidate above the level of 109.180 during the short term period, the downward movement restoration and retest of the level 108.864 are possible. One may speak about downward trend continuation after the price consolidates below the support level of 108.789. In this case, the next targets of sellers will be the level of 108.594.

Support and resistance

Support levels: 108.984, 108.789, 108.594.
Resistance levels: 109.180, 109.375, 109.570.

Trading recommendations

Short positions can be opened below the level of 108.789 with the target at around 108.594 and stop-loss at 108.854.
Long positions can be opened above the level of 109.180 with the target at around 109.375 and stop-loss at 109.115.

Current trend

The GBP/USD continues to consolidate in the side channel with the borders 1.28367-1.28584. If the sellers manage to decline the rate below the level of 1.28367, the downward movement can continue to the area of 1.28281, 1.28174. This area will be a key zone for the sellers. There is a chance of an upward rebound, while its breakdown will be a signal for downward trend resumption and give a prospect of falling to the level 1.27869.

Alternative scenario

The rebound from 1.28479 and pullback above 1.28614 will let the price to retest 1.28784 resistance zone.
The upward trend will be restored after the price is set above the level of 1.28849. In this case, the next targets of buyers will be the level of 1.29089-1.29166.

Support and resistance

Support levels: 1.28479, 1.28174, 1.27869.
Resistance levels: 1.28614, 1.28784, 1.29089.

Trading recommendations

Short positions can be opened below the level of 1.28367 with the target at around 1.28174 and stop-loss at 1.28432.
Long positions can be opened above the level of 1.28614 with the target at around 1.29089 and stop-loss at 1.28464.

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