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Current trend

On 4-hour chart, the instrument shows a negative dynamic. At the moment the price has met the support at the level of 1.33153,which coincided with the middle line of Bollinger Bands. The breakdown of this level will let the price to fall to the area of 1.33057 (Murray [4/8]). The level of 1.33057 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would be a start for the formation of a downtrend. In this case, the next targets of sellers will be the level of 1.32947-1.32751 (Murray [3/8]).
Alternative scenario.
The pullback and pair’s sustained trading beyond 1.33250 will let the price to grow to the area of 1.33362. We notice that the area of 1.33250-1.33362 is the strong resistance zone which can prevent the instrument from growing. If the price is set above the level of 1.33437, the upward trend can restore, and the buyers will aim for the 1.33447-1.33667 (Murray [6/8]) resistance zone
Technical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1.33057, 1.32947, 1.32751.
Resistance levels: 1.33250, 1.33362, 1.33447, 1.33667.

Trading recommendations

Short positions can be opened below the level of 1.33057 with the target at around 1.32947-1.32751 and stop-loss 1.33159.
Long positions can be opened above the level of 1.33250 with the target at around 1.33362-1.33447 and stop-loss 1.33180.

Current trend

USD/JPY quotes attempted to grow, but reaching 107.770 resistance mark moved to a downward correction. If the sellers manage to decline the rate below the level of 107.422, the correction can continue to the area of 107.218 which coincided with the middle line of Bollinger Bands. Should prices continue slipping under 107.218, the level of 107.031 might try activating a upward reboud. The upward movement will be restored after the price is set above the level of 107.617. In this case, the next targets of buyers will be the level of 107.813 (Murray [4/8]), which is the key level for the short term period. There is a chance of an downward rebound, while its breakout would indicate up trend resumption. In this case, USD/JPY will have its sights on resistance at 108.000.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is 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: 107.422, 107.227, 107.031.
Resistance levels: 107.617, 107.813,108.000.

Trading recommendations

Long positions can be opened above the level of 107.617 with the target at around 107.813-107.900 and stop-loss 107.522.
Short positions can be opened below the level of 107.422 with the target at around 107.227-107.100 and stop-loss 107.529.

Current trend

EUR/USD is trading above its middle middle line of Bollinger bands suggesting bullish momentum. The instrument is now trying to consolidate above the resistance level of 1.09863 (Murray [8/8]). Assuming the pair’s ability to cross this level, the area of 1.10016 (Murray [+1/8]) - 1.10168 (Murray [+2/8]) can be targeted if holding long positions.
Alternative scenario.
Pullback and pair’s sustained trading below 1.09711 (Murray [7/8]) could lead the price to the 1.09558 (Murray [6/8]) level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.09406 (Murray [5/8]).
Technical indicators reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1.09711, 1.09558, 1.09406.
Resistance levels: 1.09863, 1.10016, 1.10168.

Trading recommendations

Long positions can be opened above the level of 1.09930 with the target at around 1.10016-1.10168 and stop-loss 1.09850.
Short positions can be opened below the level of 1.09711 with the target at around 1.09558-1.09406 and stop-loss 1.09812.

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. If the current trend maintains the pair will reach the level of 0.99487 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The area of 0.99478-0.99544 can prevent the instrument from growing, as the possibility of the downward rebound is high there. Meanwhile pair’s sustained trading above the 0.99544 level will let the price to grow to the area of 0.99792 (Murray [7/8]).
Alternative scenario. If USD/CHF cannot consolidate above the level of 0.99544 during short term period, the downward movement restoration and retest of the support level 0.99182 (Murray [5/8])are possible. A significant decrease is possible after the breakdown of the level 0.99182. In this case, the next targets of sellers will be the level of 0.99043-0.98877 (Murray [4/8]).
The technical picture is mixed. Bollinger Bands are converging without any clear signal. MACD volumes are slowlt decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 0.99300, 0.99182, 0.99043, 0.98877.
Resistance levels: 0.99487, 0.99544, 0.99792.

Trading recommendations

Long positions can be opened above the level of 0.99487 with the target at around 0.99544-0.99792 and stop-loss 0.99385.
Short positions can be opened below the level of 0.99182 with the target at around 0.99043-0.98877 and stop-loss 0.99283.

Current trend

On the 4-hour chart, the instrument is trading above the middle line of Bollinger Bands (0.63060) suggesting bullish momentum. Meanwhile the level of 0.63171 (Murray [6/8]) seem a strong hurdle for NZD/USD. The breakout and consolidation of the price above this level will let NZD/USD reach the level of 0.63324 (Murray [7/8]). Should prices continue growing above 0.63324 mark, the level of 0.63371-0.63477 (Murray [8/8]) might try activating a downward rebound.
Alternative scenario. If the sellers manage to decline the rate below the level of 0.63051, the correction can continue to the area of 0.62866 (Murray [4/8]). The level of 0.62866 seem a key level for the sellers. The breakdown and pair’s sustained trading below this level will let the price fall to the 0.62714 mark.
Technical indicators mostly reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.63060, 0.62866, 0.62714.
Resistance levels: 0.63171, 0.63324, 0.63477.

Trading recommendations

Long positions can be opened above the level of 0.63171 with the target at around 0.63324-0.63477 and stop-loss 0.63069.
Short positions can be opened below the level of 0.63051 with the target at around 0.62866-0.62714 and stop-loss 0.63163.

Current trend

XAU/USD quotes attempted to grow, but reaching 1509.34 mark moved to a downward correction. The instrument has the potential to further correction to the level of 1501.88, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1497.76. The upward trend will be restored after the price is set above the level of 1510.00. In this case, the next targets of buyers will be the level of 1515.63 (Murray [5/8])-1519.50.
The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the market. MACD is slowly growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 1501.88, 1497.76, 1492.19.
Resistance levels: 1509.34, 1515.63, 1519.50.

Trading recommendations

Short positions can be opened below the level of 1501.88 with the target at around 1497.76 and stop-loss 1503.10.
Long positions can be opened above the level of 1510.00 with the target at around 1515.63 and stop-loss 1507.70.

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