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.

XAU/USD: technical analysis 13.03.2019

XAU/USD: technical analysis 13.03.2019

Current trend

On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The instrument is now testing the level of 1304.68 (Murray [3/8]). Assuming the ability to cross 1304.68 mark, the level 1312.50 (Murray [4/8]) can be targeted if holding long positions. There is a chance of a downward rebound around the 1312.50 level, while its breakout would allow the raise to continue. Failure to conquer the 1304.68 mark seems fetching the XAU/USD to 0.1296.87 support, which is the the middle line of Bollinger Bands.
Alternatively, breakdown of 1296.87 (Murray [2/8]) will push the price back to 1289.06 (Murray [1/8]). Technical indicators mostly keep a buy signal. MACD volumes are increasing in the positive zone. Stochastic is in the overbought area and is pointed upwards. Bollinger Bands are directed up.

Support and resistance

Support levels: 1296.87, 1289.06, 1281.25.
Resistance levels: 1304.68, 1312.50, 1320.31.

Trading recommendations

Long positions can be opened above the level of 1304.68 with the target at around 1312.50 and stop-loss 1302.60.
Short positions can be opened below the level of 1296.87 with the target at around 1289.06 and stop-loss 1288.00.

USD/CAD: technical analysis 13.03.2019

USD/CAD: technical analysis 13.03.2019

Current trend

On the 4-hour chart, the instrument is faliing along the lowet line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.3305 (Murray [2/8]), but overbought Stochastic could challenge the pair’s downard movement. If the “bulls” manage to raise the rate above the level of 1.3378, the correction can continue to the area of 1.3427 (Murray [4/8]), which coincide with the middle line of Bollinger Bands. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic is in the oversold area and is pointed upwards, signaling the development of an upward correction.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 1.3360 with the target at around 1.3305 and stop-loss 1.3380.
Long positions can be opened above the level of 1.3378 with the target at around 1.3427 and stop-loss 1.3361.

EUR/USD: technical analysis 12.03.2019

EUR/USD: technical analysis 12.03.2019

Current trend

The EURUSD pair begins today’s trading with slight bearish bias. In order to continue a downward movement sellers need to decline the price below the level of 1.1230 (Murray [0/8]). In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.1291 (Murray [2/8]), the growth can continue to the area of 1.1322 (Murray [3/8]) – 1.1352 (Murray [4/8]).
The technical picture is mixed. MACD volumes are decreasing in the negative zone. Bollinger Bands and Stochastic are pointed sideways.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169, 1.1140.
Resistance levels: 1.1261, 1.1291, 1.1322, 1.1352.

Trading recommendations

Short positions can be opened below the level of 1.1230 with the target at around 1.1169 and stop-loss 1.1247.
Long positions can be opened above the level of 1.1291 with the target at around 1.1322-1.1352 and stop-loss 1.1270.

USD/CAD: technical analysis 12.03.2019

USD/CAD: technical analysis 12.03.2019

Current trend

On the 4-hour chart, USD/CAD is in the stage of upward correction, but the downward trend is still maintained, which is confirmed by technical indicators. The first target of the correction is the level of 1.3427 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of mark 1.3488 (Murray [5/8]). A significant decrease is possible after the breakout of the level 1.3366 (Murray [3/8]), which can develop to the levels of 1.3305 (Murray [2/8]).
Technical indicators reflect the moderate maintenance of the downward trend. MACD volumes are increasing in the positive zone. Stochastic is in the oversold area and is pointed downwards. Bollinger Bands are slightly leaned downwards.

Support and resistance

Support levels: 1.3366, 1.3305, 1.3244, 1.3183.
Resistance levels: 1.3427, 1.3488, 1.3549, 1.3610.

Trading recommendations

Short positions can be opened below the level of 1.3366 with the target at around 1.3305 and stop-loss 1.3380.
Long positions can be opened above the level of 1.3427 with the target at around 1.3488 and stop-loss 1.3407.

USD/CHF: technical analysis 12.03.2019

USD/CHF: technical analysis 12.03.2019

Current trend

USD/CHF is trading above the middle line of Bollinger Bands and can grow further to the levels of 1.0131 (Murray [8/8]). Pair’s sustained trading beyond the 1.0131 could set 1.0162 (Murray [+1/8])-1.0192 (Murray [+2/8]) as the next buyers target. The downward movement will be restored after the price is set below the level of 1.0089, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.0070 (Murray [6/8])-1.0040 (Murray [5/8]).
Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.0089, 1.0070, 1.0040, 1.0009.
Resistance levels: 1.0131, 1.0162, 1.0192, 1.0220.

Trading recommendations

Short positions can be opened below the level of 1.0089 with the target at around 1.0040 and stop-loss 1.0097.
Long positions can be opened above the level of 1.0131 with the target at around 1.0162-1.0192 and stop-loss 1.0110.

AUD/USD: technical analysis 11.03.2019

AUD/USD: technical analysis 11.03.2019

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias. Now the price is consolidating above the level 0.7033 (middle line of Bollinger Bands). The upward trend will be restored after the price is set above the level of 0.7049 (Murray [3/8]). In this case, the raise will continue to the area of 0.7080 (Murray [4/8]). Assuming the pair’s ability to cross 0.7080, the 0.7110 (Murray [5/8]) and the 0.7141 (Murray [6/8]) can be targeted if holding long positions. The breakdown of 0.7033 and holding below it will push the price back to 0.7019 (Murray [2/8]) -0.6988 (Murray [1/8]) area.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6988-0.6958 and stop-loss 0.7040.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7030.