USD/CHF: technical analysis 19.07.2019

USD/CHF: technical analysis 19.07.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The main target of the correction is the level of 0.98572, which almost corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 0.98419 might offer intermediate halt during the raise to correction target. There is a high chance of an downward rebound from the level of 0.98572, while its breakout would allow the raise to continue to the area of 0.98724 (Murray [3/8]). One may speak about downward movement continuation after the price consolidates below the support level of 0.98114 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 0.97961 (Murray [-2/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.98267, 0.98114, 0.97961.
Resistance levels: 0.98419, 0.98572, 0.98724.

Trading recommendations

Long positions can be opened above the level of 0.98419 with the target at around 0.98572 and stop-loss 0.98370.
Short positions can be opened below the level of 0.98114 with the target at around 0.97961 and stop-loss 0.98160.

USD/CAD: technical analysis 19.07.2019

USD/CAD: technical analysis 19.07.2019

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias due to upward correction. The first target of the correction is the level of 1.30532, which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1.30463 (Murray [3/8]) can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1.30532 level, the mark of 1.30615 (Murray [4/8]) can be argeted if holding long positions. The downward trend will be restored after the price is set below the level of 1.30157 (Murray [1/8]). In this case, the next targets of sellers will be the level of 1.30005 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards and is ready to exi the oversold zone and form a buy signal.

Support and resistance

Support levels: 1.30310, 1.30157, 1.30005.
Resistance levels: 1.30463, 1.30615, 1.30768.

Trading recommendations

Long positions can be opened above the level of 1.30400 with the target at around 1.30532 and stop-loss 1.30360.
Short positions can be opened below the level of 1.30157 with the target at around 1.30005 and stop-loss 1.30207.

EUR/USD: technical analysis 19.07.2019

EUR/USD: technical analysis 19.07.2019

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.12815. The instrument is now testing the support level of 1.12610 (Murray [6/8]). If the current trend maintains, the next targets of sellers will be the area of 1.12457 (Murray [5/8])-1.12305 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.12762, the upward trend can restore, and the instrument can test the resistance level of 1.12915 (Murray [8/8]). The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets. The volumes of MACD histogram are slowly growing 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: 1.12610, 1.12457, 1.12305.
Resistance levels: 1.12762, 1.12915, 1.13068.

Trading recommendations

Short positions can be opened below the level of 1.12610 with the target at around 1.12457 and stop-loss 1.12660.
Long positions can be opened above the level of 1.12762 with the target at around 1.12915 and stop-loss 1.12711.

USD/JPY: technical analysis 18.07.2019

USD/JPY: technical analysis 18.07.2019

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 107.617 (Murray [-1/8]). Assuming the pair’s ability to cross 107.617 level, the mark of 107.527-107.422 (Murray [-2/8]) can be targeted if holding sell positions. If the “bulls” manage to raise the rate above the level of 107.813 (Murray [0/8]), the correction can continue to the area of level 108.008 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging. MACD is actively growing in the negative zone. Stochastic is the in the oversold area and is pointed downwards.

Support and resistance

Support levels: 107.617, 107.527, 107.422.
Resistance levels: 107.813, 108.008, 108.203.

Trading recommendations

Short positions can be opened below the level of 107.617 with the target at around 107.527-107.422 and stop-loss 107.675.
Long positions can be opened above the level of 107.813 with the target at around 108.008 and stop-loss 107.760.

NZD/USD: technical analysis 18.07.2019

NZD/USD: technical analysis 18.07.2019

Current trend

The NZD/USD pair begins today’s trading with bullish bias. If the current trend maintains, the next targets of buyers will be the level of 0.67444 (Murray [5/8]), which seem a sttrong support. There is a high chance of a downward rebound, while its breakout can accelerate the pair towards 0.67576 level. The downward trend will be restored after the price is set below the level of 0.67216, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the area of levels of 0.67139 (Murray [4/8])-0.66983. Technical indicators reflect the maintenance of the current upward potential. Bollinger Bands are directed up. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 0.67216, 0.67139, 0.66995.
Resistance levels: 0.67444, 0.67576, 0.67749.

Trading recommendations

Long positions can be above the level of 0.67444 with the target at around 0.67576 and stop-loss 0.67404.
Short positions can be opened below the level of 0.67216 with the target at around 0.67139 and stop-loss 0.67241.

XAU/USD: technical analysis 18.07.2019

XAU/USD: technical analysis 18.07.2019

Current trend

XAU/USD quotes attempted to grow, but reaching 1419.50 mark moved to a downward correction. The instrument is now testing the support level of 1421.88 (Murray [8/8]). Assuming the pair’s ability to cross 1421.88 level, the mark of 1417.97 (Murray [7/8]) can be targeted if holding short positions. If the instrument cannot consolidate below the level of 1421.88 during short term period, then it can retest the resistance level of 1429.50. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1425.78 (Murray [+1/8])-1429.69 (Murray [+2/8]) region. Technical indicators mostly reflect the maintenance of the downward potential, , but the upward correction is not excluded. Bollinger Bands are diverging, reflecting the active development of the downward trend. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. MACD histogram is in the positive zone keeping a signal for the opening of long positions.

Support and resistance

Support levels: 1421.88, 1417.97, 1414.06.
Resistance levels: 1425.78, 1429.69, 1431.17.

Trading recommendations

Short positions can be opened below the level of 1409.40 with the target at around 1406.25 and stop-loss 1410.70.
Long positions can be opened above the level of 1425.78 with the target at around 1429.69 and stop-loss 1424.40.

USD/JPY: technical analysis 17.07.2019

USD/JPY: technical analysis 17.07.2019

Current trend

USD/JPY quotes attempted to grow, but reaching 108.371 mark moved to a downward correction. The first target of the correction is the level of 108.062, which corresponds to the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 107.813 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 108.322, the upward movement can continue to the area of 108.398 (Murray [3/8]), that holds the gate for its rise to 108.594 (Murray [4/8]) resistance-line. Technical indicators mostly reflect the moderate maintenance of the downward trend. Bollinger Bands are converging, on the background of bearish movement. Stochastic’s lines are pointed downwards. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods.

Support and resistance

Support levels: 108.203, 108.008, 107.813, 107.617.
Resistance levels: 108.398, 108.594, 108.789.

Trading recommendations

Short positions can be opened below the level of 108.203 with the target at around 108.008 and stop-loss 108.270.
Long positions can be opened above the level of 108.398 with the target at around 108.594 and stop-loss 108.340.

AUD/USD: technical analysis 17.07.2019

AUD/USD: technical analysis 17.07.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down above the middle line of Bollinger Bands and can fall further to the level of 0.70038 (Murray [7/8]). Assuming the pair’s ability to cross 0.70014 level, the mark of 0.69885 (Murray [6/8]) can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 0.70190 (Murray [8/8]),which coincided with the middle line of Bollinger Bands, the correction can continue to the area of 0.70343 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are converging on the background of bearish movement. MACD volumes are decreasing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.70038, 0.69885, 0.69733.
Resistance levels: 0.70190, 0.70343, 0.70496.

Trading recommendations

Short positions can be opened below the level of 0.70038 with the target at around 0.69885 and stop-loss 0.70088.
Long positions can be opened above the level of 0.70190 with the target at around 0.70343 and stop-loss 0.70145.

GBP/USD: technical analysis 17.07.2019

GBP/USD: technical analysis 17.07.2019

Current trend

The GBP/USD pair begins today’s trading with slight bullish bias on the background of upward correction. At the moment the price has met the resistance at the level of 1.24207 (Murray [-1/8]). If the “bulls” manage to raise the rate above this level, the correction can continue to the area of 1.24512 (Murray [0/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 1.24702. A significant decrease is possible after the breakdown of the level 1.23901 (Murray [-2/8]). In this case, the next targets of sellers will be the area of level 1.23657. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current trend. The volumes of MACD histogram are growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.23901, 1.23800, 1.23657.
Resistance levels: 1.24207, 1.24512, 1.24702.

Trading recommendations

Short positions can be opened below the level of 1.23901 with the target at around 1.23800-1.12657 and stop-loss 1.23970.
Long positions can be opened above the level of 1.24207 with the target at around 1.24512 and stop-loss 1.24107.

USD/CHF: technical analysis 16.07.2019

USD/CHF: technical analysis 16.07.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias, but reaching 0.98541 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.98419 (Murray [1/8]), the downward movement can continue to the area of 0.98267 (Murray [0/8]). The level of 0.98267 seem tough support as break of which can diver market to 0.98114 (Murray [-1/8]) rest-points. Should prices continue slipping under 0.98114 mark, the level of 0.97961 (Murray [-2/8]) might try activating a upward rebound. Alternatively, pullback above the level of 0.98572 (Murray [2/8]) will let the price to grow to the area of 0.98724 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are directed down. MACD volumes are decreasing in the negative zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.98419, 0.98267, 0.98114, 0.97961.
Resistance levels: 0.98572, 0.98724, 0.98877, 0.99030.

Trading recommendations

Short positions can be opened below the level of 0.98419 with the target at around 0.98267 and stop-loss 0.98470.
Long positions can be opened above the level of 0.98572 with the target at around 0.98724 and stop-loss 0.98521.