EUR/USD: technical analysis 18.03.2019

EUR/USD: technical analysis 18.03.2019

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of the Bollinger Bands and can grow further to the levels of 1.1352 (Murray [4/8]) and 1.1383 (Murray [5/8]). The area of 1.1352-1.1383 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 1.1383 mark, the levels of 1.1413 (Murray [6/8]) and the 1.1444 (Murray [7/8]) can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 1.1314, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1291 (Murray [2/8])-1.1230 (Murray [0/8]).
Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic are pointed upwards. MACD is growing in the positive zone.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261, 1.1230.
Resistance levels: 1.1352, 1.1383, 1.1413, 1.1444.

Trading recommendations

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.
Short positions can be opened below the level of 1.1314 with the target at around 1.1291-1.1261 and stop-loss 1.1330.

NZD/USD: technical analysis 18.03.2019

NZD/USD: technical analysis 18.03.2019

Current trend

On 4-hour chart, NZD/USD shows a positive dynamic. At the moment the price has met the resistance at the level of 0.6866 (Murray [+1/8]), that holds the gate for its rise to 0.6897 (Murray [+2/8]). Additionally, pair’s sustained trading beyond the 0.6897 could set 0.6927-0.6958 as next buyers target. If NZD/USD cannot consolidate above the level of 0.6866, the downward trend restoration and retest of the level 0.6835 (Murray [8/8]), 0.6805 (Murray [7/8]) are possible. Technical indicators mostly keep a buy signal. MACD volumes are increasing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are diverging, reflecting the active development of the current trend.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6846.
Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.

XAU/USD: technical analysis 18.03.2019

XAU/USD: technical analysis 18.03.2019

Current trend

On 4-hour chart, the instrument is correcting down after the raise to the level of 1306.33. The price is approaching a strong support in the region of 1296.88 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1292.97 (Murray [3/8]). The breaking 1292.97 and holding below it will push the price back to 1289.06 (Murray [2/8]) – 1285.16 (Murray [1/8]) area. If the “bulls” manage to raise the rate above the level of 1302.10 (middle line of Bollinger Bands), the correction can continue to the area of 1304.69 (Murray [6/8]), 1308.59 (Murray [7/8]).
Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are slightly leaned downwards. MACD histogram is ready to enter the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1296.88, 1292.87, 1289.06.
Resistance levels: 1300.77, 1304.69, 1308.59.

Trading recommendations

Short positions can be opened below the level of 1296.88 with the target at around 1292.87-1289.06 and stop-loss 1299.00.
Long positions can be opened above the level of 1302.10 with the target at around 1304.69-1308.59 and stop-loss 1300.00.

USD/CHF: technical analysis 15.03.2019

USD/CHF: technical analysis 15.03.2019

Current trend

On 4-hour chart, USD/CHF shows a negative dynamic and can fall further to the strong support level of 1.0009 (Murray [0/8]). A significant decrease is possible after the breakout of the level 1.0009, which can develop to the levels of 0.9979 (Murray [-1/8]), 0.9948 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.0040 (Murray [1/8]), the correction can continue to the area of 1.0070 (Murray [2/8]) – 1.0083,which coincide with the middle line of Bollinger Bands.
Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone, keeping a signal for the opening of sell positions. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.0009, 0.9979, 0.9948, 0.9918.
Resistance levels: 1.0040, 1.0070, 1.0101, 1.0131.

Trading recommendations

Short positions can be opened below the level of 1.0009 with the target at around 0.9979-0.9948 and stop-loss 1.0300.
Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0101 and stop-loss 1.0020.

USD/CAD: technical analysis 15.03.2019

USD/CAD: technical analysis 15.03.2019

Current trend

On the 4-hour chart, USD/CAD trading with slight bearish bias and approached the key support 1.3305 (Murray [0/8]. A significant decrease is possible after the breakdown of the level 1.3305. In this case, the next targets of sellers will be the area of 1.3290 (Murray [-1/8]) – 1.3275 (Murray [-2/8]). Alternatively, breakout of 1.3343 can accelerate the pair towards 1.3366 (Murray [6/8])-1.3397 (Murray [7/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.3305, 1.3275, 1.3244, 1.3214.
Resistance levels: 1.3343, 1.3366, 1.3397, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3244 and stop-loss 1.3320.
Long positions can be opened above the level of 1.3343 with the target at around 1.3366-1.3397 and stop-loss 1.3325.

EUR/USD: technical analysis 15.03.2019

EUR/USD: technical analysis 15.03.2019

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of the Bollinger Bands and can grow further to the levels of 1.1322 (Murray [3/8]) and 1.1352 (Murray [4/8]). If the instrument cannot consolidate above the level of 1.1322, the correction to the area of the level of 1.1291 (the middle line of Bollinger Bands) can develop. Should prices continue slipping under 1.1291, the 1.1230 (Murray [0/8]) and the 1.1200 (Murray [-1/8]) might try activating a upward rebound. Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic are pointed upwards. MACD is slowly growing in the positive zone.

Support and resistance

Support levels: 1.1291, 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1322, 1.1352, 1.1383, 1.1413.

Trading recommendations

Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1230 and stop-loss 1.1310.
Long positions can be opened above the level of 1.1322 with the target at around 1.1352-1.1383 and stop-loss 1.1300.

GBP/USD: technical analysis 14.03.2019

GBP/USD: technical analysis 14.03.2019

Current trend

On the 4-hour chart, the instrument is correcting down from the resistance level 1.3380. The main target of the correction is the level of 1.3138, which corresponds to the middle line of Bollinger Bands. The levels of 1.3244 (Murray [5/8]) and the 1.3183 (Murray [4/8]) levels might offer intermediate halts during the plunge to the level 1.3138. There is a chance of an upward rebound from the level 1.3138, while its breakdown would allow the fall to continue. Alternatively, break of 1.3380 can accelerate the pair towards 1.3427 (Murray [8/8]) – 1.3488 (Murray [+1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD volumes are in the positive zone. Bollinger Bands are directed up.Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122, 1.3061.
Resistance levels: 1.3305, 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3260.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.2805.

USD/JPY: technical analysis 14.03.2019

USD/JPY: technical analysis 14.03.2019

Current trend

On 4-hour chart, USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers is the level of 111.71 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 111.71, the growth can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Pullbacks below 111.32 (Murray [4/8]) could lead to the levels of 111.13 (Murray [1/8]) – 110.93 (Murray [0/8]). Technical indicators mostly keep a buy signal. Bollinger Bands diverge indicating the development of the current upward dynamic. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 111.52, 111.13, 110.93.
Resistance levels: 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.13-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 112.10-112.50 and stop-loss 111.46.

AUD/USD: technical analysis 14.03.2019

AUD/USD: technical analysis 14.03.2019

Current trend

The AUD/USD pair begins today’s trading in a bear trend below middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 0.7049 (Murray [3/8]). In this case, the next targets of sellers will be the level of 0.7019 (Murray [2/8]). Additionally, pair’s sustained trading below the 0.7019 could set 0.6988 and the 0.6958 as next sellet target. If the “bulls” manage to raise the rate above the level of 0.7065, the correction can continue to the area of 0.7080 (Murray [4/8])-0.7110 (Murray [5/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.7049, 0.7019, 0.6988, 0.6958.
Resistance levels: 0.7065, 0.7080, 0.7110, 0.7141.

Trading recommendations

Short positions can be opened below the level of 0.7049 with the target at around 0.6988 and stop-loss 0.7070.
Long positions can be opened above the level of 0.7065 with the target at around 0.7110-0.7141 and stop-loss 0.7040.

NZD/USD: technical analysis 13.03.2019

NZD/USD: technical analysis 13.03.2019

Current trend

On 4-hour chart, NZD/USD is in the stage of downward correction. The main target of the correction is the level of 0.6820, which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 0.6820. In this case, the next targets of sellers will be the area of 0.6805 (Murray [3/8]) – 0.6774 (Murray [2/8]). Alternatively, breakout of 0.6866 (Murray [5/8]) can accelerate the pair towards 0.6897 (Murray [6/8]) – 0.6927 (Murray [7/8]). Probably, any attempted recovery seems more likely to get sold into aggressively near the 0.6897 region. Technical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are converging, reflecting the relative calmness of the markets.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.
Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6846.