AUD/USD: technical analysis 16.08.2019

AUD/USD: technical analysis 16.08.2019

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias. The price went up above the level of middle line of Bollinger Bands (0.67700) and can grow further to the level of 0.68054 (Murray [7/8])-0.68081. There is a chance of an downward rebound, while its breakout would allow the raise to continue to 0.68177-0.68359 (Murray [8/8]). Alternative scenario. Failure to conquer the 0.68054 mark seems fetching the AUDUSD back to 0.67700 support. The downward trend will be restored after the price is set below the level of 0.67700, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.67548-0.67444 (Murray [5/8]). The technical picture is mixed. Bollinger Bands are slightly leaned upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.67700, 0.67548, 0.67444.
Resistance levels: 0.68054, 0.68177, 0.68359.

Trading recommendations

Long positions can be opened above the level of 0.68054 with the target at around 0.68177 and stop-loss 0.68013.
Short positions can be opened below the level of 0.67700 with the target at around 0.67548 and stop-loss 0.67750.

GBP/USD: technical analysis 16.08.2019

GBP/USD: technical analysis 16.08.2019

Current trend

On 4-hour chart, the instrument is consolidating around the level of 1.20850 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. If the sellers manage to decline the rate below the level of 1.20733, the downward movement can continue to the area of 1.20544 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.20239 (Murray [2/8]). In case the pair manage to cross the 1.20927 GBP/USD will grow to the area 1.21155 mark (Murray [5/8]), that holds the gate for its rise to 1.21338 resistance line. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.20850, 1.20733, 1.20544.
Resistance levels: 1.20927,1.21155, 1.21338.

Trading recommendations

Short positions can be opened below the level of 1.20733 with the target at around 1.20544 and stop-loss 1.20796.
Long positions can be opened above the level of 1.20927 with the target at around 1.21155 and stop-loss 1.20851.

USD/CAD: technical analysis 15.08.2019

USD/CAD: technical analysis 15.08.2019

Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.33238. At the moment the price has met the support at the level of 1.33057 (Murray [8/8]). If the sellers manage to decline the rate below the level of 1.33057, the correction can continue to the area of 1.32916, 1.32751. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33238. In this case, the next targets of buyers will be the level of 1.33362 (Murray [+1/8])-1.33443. Meanwhile, any attempted growth seems more likely to get sold into aggressively near this region. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are 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: 1.33057, 1.32916, 1.32751.
Resistance levels: 1.33238, 1.363362, 1.33443.

Trading recommendations

Short positions can be opened below the level of 1.33057 with the target at around 1.32916-1.32751 and stop-loss 1.33159.
Long positions can be opened above the level of 1.33238 with the target at around 1.33362-1.33443 and stop-loss 1.33169.

XAU/USD: technical analysis 15.08.2019

XAU/USD: technical analysis 15.08.2019

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1524.21. Assuming the pair’s ability to cross 1524.21 mark, the level of 1531.25 (Murray [+1/8]) can be targeted if holding long positions. There is a high chance of an downward rebound from the area of levels 1531.25-1534.99. The downward trend will be restored after the price is set below the level of 1509.12, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1500.00 (Murray [8/8]). The mark of 1500.00 seem a tough support, that can activate an upward turn. Technical indicators mostly reflect the moderate maintenance of the upward dynamic. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 1514.29, 1509.12, 1504.00, 1500.00.
Resistance levels: 1524.21, 1531.25, 1535.00.

Trading recommendations

Long positions can be opened above the level of 1524.21 with the target at around 1531.25 and stop-loss 1522.00.
Short positions can be opened below the level of 1509.12 with the target at around 1504.00 and stop-loss 1510.40.

NZD/USD: technical analysis 15.08.2019

NZD/USD: technical analysis 15.08.2019

Current trend

NZD/USD yen continues to consolidate in the side channel. Today quotes attempted to grow, but reaching 0.64586 mark moved to a decline. The upward trend will be restored after the price is set above the level of 0.64697 (Murray [4/8]), that seem a strong resistance line. In this case the buyers will aim for the 0.64890-0.65002 (Murray [5/8]) resistance zone. If the price cannot consolidate above the level of 0.64586 during short term period, the price can reverse and retest the support level of 0.64245. The breakdown of 0.64245 and pair’s sustained trading below this level will let the price fall to the area of level 0.64087 (Murray [2/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideways trend. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.64330, 0.64245, 0.64087.
Resistance levels: 0.64586, 0.64697, 0.65002.

Trading recommendations

Long positions can be opened above the level of 0.64697 with the target at around 0.64890 and stop-loss 0.64632.
Short positions can be opened below the level of 0.64245 with the target at around 0.64087 and stop-loss 0.64300.

USD/CHF: technical analysis 14.08.2019

USD/CHF: technical analysis 14.08.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price is approaching a strong resistance in the region of level 0.97656 (Murray [0/8]). There is a chance of an downward rebound, while its breakouit would allow the raise to continue. The breakout and consolidation of the price above the level of 0.97656 will let USD/CHF reach the resistance level of 0.97952. Failure to conquer the 0.97656 resistance during short term period seems fetching the USD/CHF to 0.97390-0.97271 (the middle line of Bollinger Bands) support zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.97449, 0.97271, 0.97046.
Resistance levels: 0.97656, 0.97952, 0.98267.

Trading recommendations

Long positions can be opened above the level of 0.97656 with the target at around 0.97952 and stop-loss 0.97558.
Short positions can be opened below the level of 0.97449 with the target at around 0.97271 and stop-loss 0.97508.

USD/CAD: technical analysis 14.08.2019

USD/CAD: technical analysis 14.08.2019

Current trend

On 4-hour chart, the instrument is keeping a negative dynamic. The instrument is now testing the support level of 1.32141 (Murray [5/8]). The breakdown of this level will let the price to fall to the area of level 1.31836 (Murray [4/8]), which seem a strong support. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue. In case the pair manage to cross the 1.31836 mark, the sellers will aim for the 1.31531 (Murray [3/8]) support zone. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.32446 (Murray [6/8]), the correction can continue to the area of 1.32637-1.32751 (Murray [7/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.32141, 1.31836, 1.31531.
Resistance levels: 1.32446, 1.32637, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32637 and stop-loss 1.32382.
Short positions can be opened below the level of 1.32141 with the target at around 1.31836 and stop-loss 1.32242.

EUR/USD: technical analysis 14.08.2019

EUR/USD: technical analysis 14.08.2019

Current trend

On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 1.11694 (Murray [6/8]). In case the pair manage to cross this level, the sellers will aim for the 1.11555-1.11389 (Murray [5/8]) support zone. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.11856, the correction can continue to the area of 1.12000 (Murray [7/8]), which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakdown would allow the raise to continue to 1.12189 mark. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.11694, 1.11555, 1.11389.
Resistance levels: 1.11856, 1.12000, 1.12189.

Trading recommendations

Short positions can be opened below the level of 1.11856 with the target at around 1.11555-1.11389 and stop-loss 1.11913.
Long positions can be opened above the level of 1.12000 with the target at around 1.12189 and stop-loss 1.11937.

AUD/USD: technical analysis 13.08.2019

AUD/USD: technical analysis 13.08.2019

Current trend

On 4-hour chart, AUD/USD is correcting up from the lower line of the Bollinger Bands. The price bounced off the 0.67467 support but is yet to cross the 0.67800 resistance (the middle line of Bollinger Bands). The breakout of the level 0.67800 will let the price to grow to the area of 0.67952 – 0.68054 (Murray [3/8]). If AUD/USD cannot consolidate above the level of 0.67800 during short term period, the downward movement restoration and retest of the level 0.67444 (Murray [1/8]) are possible. The breakdown and consolidation of the price below the level of 0.67444 will let AUD/USD fall to the level of 0.67257-0.67139 (Murray [0/8]). The level of 0.67139 seem a key level for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.67444, 0.67257, 0.67139.
Resistance levels: 0.67800, 0.67952,0.68054.

Trading recommendations

Short positions can be opened below the level of 0.67444 with the target at around 0.67257 and stop-loss 0.67506.
Long positions can be opened above the level of 0.67800 with the target at around 0.67952 and stop-loss 0.67749.

USD/JPY: technical analysis 13.08.2019

USD/JPY: technical analysis 13.08.2019

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 105.044. The first target of the correction is the level of 105.680, which corresponds to the middle line of Bollinger Bands. The resistance level 105.469 (Murray [-1/8]) can be a hurdle for USD/JPY on its way to 105.680. Meanwhile, the breakout of 105.680 and can accelerate the pair towards 106.000-106.250 (Murray [0/8]). Failure to conquer the 105.469 mark seems fetching the USD/JPY to 105.044 support. The downward trend will be restored after the price is set below the level of 105.000. In this case, the next targets of sellers will be the level of 104.825-104.688 (Murray [-2/8]). The technical picture is mixed. Bands are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.305, 105.127, 105.00, 104.825.
Resistance levels: 105.469, 105.680, 106.000, 106.250.

Trading recommendations

Long positions can be opened above the level of 105.469 with the target at around 105.680 and stop-loss 105.398.
Short positions can be opened below the level of 105.000 with the target at around 104.825 and stop-loss 105.058.