USD/CAD: technical analysis 12.06.2019

USD/CAD: technical analysis 12.06.2019

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias. If the current trend maintains, the next targets of buyers will be the level of 1.3305 (Murray [2/8]). Assuming the pair’s ability to cross 1.3305 level, the mark 1.3366 (Murray [3/8]) can be targeted if holding long positions. If USD/CAD cannot consolidate above the level of 1.3305 during short term period,the downward trend restoration and retest of the level 1.3244 (Murray [1/8]) are possible. This case scenario will be actual after price is set below the level of 1.3288 (the middle line of Bollinger Bands). The level of 1.3244 seem a strong support as break of which can diver market to 1.3183 (Murray [0/8]) level. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

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 1.3264.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3285.

USD/CHF: technical analysis 12.06.2019

USD/CHF: technical analysis 12.06.2019

Current trend

The USDCHF pair begins today’s trading with slight bearish bias. The price is approaching a strong support in the region of 0.9913 (middle line of Bollinger Bands). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.9887 (Murray [0/8]). Should prices continue slipping under 0.9887, the levels of 0.9857-0.9826 might try activating a upward rebound. The upward trend will be restored after the price is set above the level of 0.9948 (Murray [2/8]). In this case, the next targets of buyers will be the level of 0.9979 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.9887, 0.9857, 0.9826.
Resistance levels: 0.9918, 0.9948, 0.9979.

Trading recommendations

Long positions can be opened above the level of 0.9948 with the target at around 0.9979 and stop-loss 0.9938.
Short positions can be opened below the level of 0.9887 with the target at around 0.9857 and stop-loss 0.9897.

USD/CAD: technical analysis 11.06.2019

USD/CAD: technical analysis 11.06.2019

Current trend

On 4-hour chart, USD/CAD shows a moderate negative dynamic. The instrument is now testing the support level of 1.3259. If the current trend maintains, the next targets of sellers will be the level of 1.3244 (Murray [1/8]). The level of 1.3244 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3183 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3280, the correction can continue to the area of 1.3305 (Murray [2/8]), that holds the gate for its rise to 1.3366 (Murray [3/8]) resistance-line. Technical indicators mostly reflect the maintenance of the downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122.
Resistance levels: 1.3280, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3264.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3285.

NZD/USD: technical analysis 11.06.2019

NZD/USD: technical analysis 11.06.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The instrument is now testing the support level of 0.6591 (Murray [4/8]). Assuming the pair’s ability to cross 0.6591 mark, the level of 0.6561 can be targeted if holding short positions. The upward trend will be restored after the price is set above the level of 0.6622 (Murray [5/8]), which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.6652 (Murray [6/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6622, 0.6652, 0.6683.

Trading recommendations

Short positions can be opened below the level of 0.6591 with the target at around 0.6561 and stop-loss 0.6601.
Long positions can be above the level of 0.6622 with the target at around 0.6652 and stop-loss 0.6612.

XAU/USD: technical analysis 11.06.2019

XAU/USD: technical analysis 11.06.2019

Current trend

XAU/USD continues to consolidate in the side channel with the borders 1330.00-1325.21 due to low trading activity. A significant decrease is possible after the breakdown of the level 1325.21, which can develop to the levels of 1320.31 (Murray [5/8])- 1312.50 (Murray [4/8]). Alternatively, breakout of 1332.50 (middle line of Bollinger Bands) can accelerate the pair towards 1335.94 (Murray [7/8]), but the area of 1343.75 (Murray [8/8]) level could restrict further rise. The technical picture is mixed. Bollinger Bands are slightly leaned downwards. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is pointed upwards.

Support and resistance

Support levels: 1325.21, 1320.31, 1312.50.
Resistance levels: 1335.94, 1343.75, 1351.56.

Trading recommendations

Short positions can be opened below the level of 1325.21 with the target at around 1320.31 and stop-loss 1326.50.
Long positions can be opened above the level of 1332.50 with the target at around 1335.94 and stop-loss 1331.70.

GBP/USD: technical analysis 10.06.2019

GBP/USD: technical analysis 10.06.2019

Current trend

The GBP/USD pair begins today’s trading with slight bearish bias. At the moment the price has met the support at the level of 1.2706, which coincided with the middle line of Bollinger Bands. If the price is set below the level of 1.2706, the downward trend can restore, and the instrument can retest the support level of 1.2695 (Murray [4/8])-1.2664 (Murray [4/8]). Alternatively, breakout of 1.2725 (Murray [5/8]) can accelerate the pair towards 1.2756 (Murray [5/8]), where is a high chance of price reverse. The upward trend will be restored after the price is set below the level of 1.2756. In this case, the buyers will aim for the level of 1.2786 (Murray [7/8])-1.2817 (Murray [8/8]) resistance zone. Technical indicators maintain a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the positive zone.

Support and resistance

Support levels: 1.2695, 1.2664, 1.2634, 1.2603.
Resistance levels: 1.2725, 1.2756, 1.2786, 1.2817.

Trading recommendations

Short positions can be opened below the level of 1.2695 with the target at around 1.2664 and stop-loss 1.2705.
Long positions can be opened above the level of 1.2725 with the target at around 1.2756 and stop-loss 1.2715.

USD/JPY: technical analysis 10.06.2019

USD/JPY: technical analysis 10.06.2019

Current trend

On 4-hour chart, USD/JPY shows a positive dynamic. The price went up above the level of 108.59 (Murray [6/8]) and can grow further to the levels of 108.98 (Murray [7/8]). However, overbought Stochastic could challenge the pair’s upside. Assuming the pair’s ability to cross 108.98 mark, the level of 109.37 (Murray [8/8]) can be targeted if holding long positions. Alternatively, pullback below the level of 108.59 could lead the price back toc area of levels 108.27-108.20, which coincided with the middle line of Bollinger Bands. Technical indicators mostly reflect the moderate maintenance of the current upward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is poined upwards.

Support and resistance

Support levels: 108.59, 108.20, 107.81.
Resistance levels: 108.98, 109.37, 109.76.

Trading recommendations

Short positions can be opened below the level of 108.59 with the target at around 108.20 and stop-loss 108.79.
Long positions can be opened above the level of 108.80 with the target at around 108.98-109.37 and stop-loss 108.60.

AUD/USD: technical analysis 10.06.2019

AUD/USD: technical analysis 10.06.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a strong support in the region of 0.6958 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6942 (Murray [3/8])-0.6927 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.6973 (Murray [5/8]),the correction can continue to the area of 0.6988 (Murray [6/8])-0.7003 (Murray [7/8]). Technical indicators maintain a sell signal. Bollinger Bands are directed down. MACD volumes are actively decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.6958, 0.6927, 0.6912, 0.6897.
Resistance levels: 0.6973, 0.6988, 0.7003, 0.7019.

Trading recommendations

Short positions can be opened below the level of 0.6958 with the target at around 0.6927 and stop-loss 0.6968.
Long positions can be opened above the level of 0.6973 with the target at around 0.7003 and stop-loss 0.6963.

USD/CAD: technical analysis 07.06.2019

USD/CAD: technical analysis 07.06.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. If the current trend maintains, the next targets of sellers will be the level of 1.3336 (Murray [1/8]). Assuming the pair’s ability to cross 1.3336, the level of 1.3305 (Murray [0/8]) can be targeted if holding short positions. The level of 1.3305 seem tough support as break of which can diver market to 1.3275 (Murray [-1/8])-1.3244 (Murray [-2/8]). If the instrument cannot consolidate below the level of 1.3305 during short term period,it will begin to grow to the area of 1.3397 (Murray [3/8]), which is the middle line of Bollinger Bands. This case scenario will be active after price is set above the level of 1.3366 (Murray [2/8]). Technical indicators reflect the maintenance of the downward trend. Bollinger Bands are pointed downwards. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1.3336, 1.3305, 1.3275, 1.3244.
Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458.

Trading recommendations

Short positions can be opened below the level of 1.3336 with the target at around 1.3305 and stop-loss 1.3346.
Long positions can be opened above the level of 1.3366 with the target at around 1.3397 and stop-loss 1.3356.

USD/CHF: technical analysis 07.06.2019

USD/CHF: technical analysis 07.06.2019

Current trend

On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price is testing a strong resistance in the region of 0.9918 (Murray [1/8]), 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 0.9948 (Murray [2/8]). Meanwhile, pair’s sustained trading above the 0.9948 mark could set the level of 0.9979 (Murray [2/8]) as next buyers’ target. One may speak about downward movement continuation after the price consolidates below the support level of 0.9887 (Murray [0/8]). In this case, the targets sellers will aim for the level of 0.9857 (Murray [-1/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.9887, 0.9857, 0.9826.
Resistance levels: 0.9918, 0.9948, 0.9979, 1.0009.

Trading recommendations

Long positions can be opened above the level of 0.9918 with the target at around 0.9948 and stop-loss 0.9908.
Short positions can be opened below the level of 0.9887 with the target at around 0.9857 and stop-loss 0.9897.