AUD/USD: technical analysis 16.04.2019

AUD/USD: technical analysis 16.04.2019

Current trend

On 4-hour chart, the price went down down the level of 0.7156 (Murray [5/8]) and is trying to consolidate below the level of 0.7141 (Murray [4/8]). A significant decrease is possible after the breakdown of the level 0.7141, which can develop to the levels of 0.7125 (Murray [3/8])-0.7095 (Murray [1/8]). Alternatively, pullback above 0.7156 will let the price to grow to the area of 0.7186 (Murray [7/8]), but one and a half month old resistance-line, could restrict further rise. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. 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: 0.7141, 0.7125, 0.7095, 0.7080.
Resistance levels: 0.7156, 0.7186, 0.7202, 0.7232.

Trading recommendations

Short positions can be opened below the level of 0.7141 with the target at around 0.7125-0.7095 and stop-loss 0.7159.
Long positions can be opened above the level of 0.7156 with the target at around 0.7186-0.7202 and stop-loss 0.7141.

USD/JPY: technical analysis 16.04.2019

USD/JPY: technical analysis 16.04.2019

Current trend

USD against the Japanese yen continues to consolidate in the side channel after a significant rise over the last week. USD/JPY begins today’s trading with slight bearish bias. The first target for the sellers is the level of 111.71 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. One may speak about downward movement continuation after the price consolidates below this level. In this case, the next targets of sellers will be the area of 111.52 (Murray [3/8])-111.13 (Murray [2/8]). If the price cannot consolidate above the level of 111.71, the price can reverse and retest the support level of 112.10 (Murray [6/8]), that holds the gate for its rise to 112.30 (Murray [7/8]) and then to the 112.50 (Murray [8/8]) resistance-line. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic is directed downwards.

Support and resistance

Support levels: 111.91, 111.52, 111.13.
Resistance levels: 112.10, 112.30, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.91 with the target at around 111.52 and stop-loss 112.04.
Long positions can be opened above the level of 112.10 with the target at around 112.30-112.50 and stop-loss 115.95.

NZD/USD: technical analysis 15.04.2019

NZD/USD: technical analysis 15.04.2019

Current trend

On 4-hour chart, NZD/USD shows a positive dynamic. The NZD/USD price is moderately growing and is now testing the resistance level of of 0.6774 (Murray [4/8]). Assuming the pair’s ability to cross 0.6774 mark, the levels of 0.6790 (Murray [5/8]) and the 0.6820 (Murray [7/8]) can be targeted if holding long positions. If NZD/USD cannot consolidate above the level of 0.6774 in short time period, the downward trend restoration and retest of the level 0.6744 (Murray [2/8]) are possible. The downward trend will be restored after the price is set below the level of 0.6744, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). Now the technical indicators reflect the moderate developing of the current upward trend. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6820 and stop-loss 0.6760.

XAU/USD: technical analysis 15.04.2019

XAU/USD: technical analysis 15.04.2019

Current trend

On 4-hour chart, the instrument is falling down from the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of sellers will be the level of 1281.25 (Murray [0/8]). The 1285.16 (Murray [1/8]) level might offer intermediate halt during the plunge to 1281.25 mark. If the “bulls” manage to raise the rate above the level of 1292.97 (Murray [3/8]), the correction can continue to the area of 1296.88 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are leaned downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1289.06, 1285.16, 1281.25, 1277.34.
Resistance levels: 1292.97, 1296.88, 1300.78.

Trading recommendations

Short positions can be opened below the level of 1289.09 with the target at around 1285.16-1281.25 and stop-loss 1291.10.
Long positions can be opened above the level of 1292.97 with the target at around 1296.88 and stop-loss 1291.60.

EUR/USD: technical analysis 15.04.2019

EUR/USD: technical analysis 15.04.2019

Current trend

The EURUSD pair begins today’s trading with slight bullish bias. The price has tested the resistance level of 1.1314 and was slightly corrected downwards, but the general upwarsd trend maintains. The upward trend will be restored after the price is set above the level of 1.1322 (Murray [3/8]). In this case the buyers will aim for the 1.1352 (Murray [4/8])-1.1383 (Murray [5/8]) resistance-zone. Pullbacks below 1.1282 could lead the price to the 1.1261 (Murray [1/8])-1.1230 (Murray [0/8]) area. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is in the positive zone. Stochastic’s lines are pointed downwards. Meanwhile, the price has broken the upper border of Bollinger Bands, the downward correction is not excluded.

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

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.
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.

USD/CHF: technical analysis 12.04.2019

USD/CHF: technical analysis 12.04.2019

Current trend

On 4-hour chart, USD/CHF is correcting down after breakout of the upper line of the Bollinger Bands. The main target of the correction is the level of 1.0012, which corresponds to the middle line of Bollinger Bands. Breaking 1.0009 (Murray [4/8]) and holding below it will push the price back to 0.9994 (Murray [3/8]) – 0.9979 (Murray [2/8]) levels. The upward trend will be restored after the price is set above the level of 1.0040 (Murray [6/8]). In this case, the bulls will aim for the 1.0070 (Murray [8/8])-1.0086 (Murray [+1/8]) resistance-zone. Now the technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.0009, 0.9994, 0.9979, 0.9964.
Resistance levels: 1.0040, 1.0070, 1.0086, 1.0101.

Trading recommendations

Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0086 and stop-loss 1.0025.
Short positions can be opened below the level of 1.0009 with the target at around 0.9994-0.9964 and stop-loss 1.0024.

USD/CAD: technical analysis 12.04.2019

USD/CAD: technical analysis 12.04.2019

Current trend

On 4-hour chart, the USD/CAD pair shows a negative dynamic due to downward correction. The price went down below the level of 1.3366 (Murray [4/8]) and can fall further to the levels of 1.3336 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. If the pair refrains to respect the 1.3336 support, the level of 1.3320 (Murray [1/8]), might offer intermediate halt during the plunge to the 1.3305 mark (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3397 (Murray [6/8]), the rise can continue to the area of 1.3412 (Murray [7/8]), 1.3427 (Murray [8/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. Stochastic’s lines are pointed downwards. The volumes of MACD histogram are decreasing in the positive zone.

Support and resistance

Support levels:1.3351, 1.3336, 1.3320, 1.3305.
Resistance levels: 1.3382, 1.3397, 1.3412, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3351 with the target at around 1.3320-1.3305 and stop-loss 1.3366.
Long positions can be opened above the level of 1.3397 with the target at around 1.3412, 1.3427 and stop-loss 1.3385.

EUR/USD: technical analysis 12.04.2019

EUR/USD: technical analysis 12.04.2019

Current trend

The EURUSD pair begins today’s trading with bullish bias. At the moment the price has met the resistance at the level of 1.1291 (Murray [8/8]), that holds the gate for its rise to 1.1306 (Murray [+1/8]) and then to the 1.1322 (Murray [+2/8]) resistance-line. The area of 1.1322 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Additionally, pair’s sustained trading beyond the 1.1322 could set the area of 1.1358 level as next on buyers targets. Pullback below 1.1269 (middle line of Bollinger Bands) could lead the price to the 1.1245 (Murray [5/8]) and 1.1230 (Murray [4/8]) level. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1291, 1.1322, 1.1358.

Trading recommendations

Long positions can be opened above the level of 1.1291 with the target at around 1.1322-1.1358 and stop-loss 1.1270.
Short positions can be opened below the level of 1.1269 with the target at around 1.1230 and stop-loss 1.1285.

USD/JPY: technical analysis 11.04.2019

USD/JPY: technical analysis 11.04.2019

Current trend

The USD/JPY pair begins today’s trading with bullish bias. The price is approaching a strong support in the region of 111.32 (Murray [6/8]). There is a chance of an downward rebound, while its breakout would allow the rise to continue. Meanwhele, any attempted recovery seems more likely to get sold into aggressively around the area of 111.52 (Murray [7/8])-111.71 (Murray [8/8]) region. A significant decrease is possible after the breakdown of the level 110.83, which can develop to the levels of 110.54 (Murray [2/8]), 110.15 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are decreasing in the negative zone. Stochastic is directed upwards.

Support and resistance

Support levels: 110.93, 110.54, 110.15.
Resistance levels: 111.13, 111.52, 111.71.

Trading recommendations

Long positions can be opened above the level of 111.13 with the target at around 111.52-111.71 and stop-loss 110.90.
Short positions can be opened below the level of 110.83 with the target at around 110.54-110.15 and stop-loss 111.05.

AUD/USD: technical analysis 11.04.2019

AUD/USD: technical analysis 11.04.2019

Current trend

AUD/USD is in the stage of downward correction after rising to the level of 0.7171 (Murray [6/8]). The first target of the correction is the are of 0.7141 (Murray [4/8]) – 0.7136 (middle line of Bollinger Bands). Breaking 0.7136 and holding below it will push the price to 0.7125 (Murray [3/8])-0.7095 (Murray [1/8]). Alternatively, breakout of 0.7171 can accelerate the pair towards 0.7202 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.7156, 0.7125, 0.7095, 0.7080.
Resistance levels: 0.7171, 0.7202, 0.7232.

Trading recommendations

Short positions can be opened below the level of 0.7156 with the target at around 0.7125-0.7095 and stop-loss 0.7170.
Long positions can be opened above the level of 0.7171 with the target at around 0.7202-0.7232 and stop-loss 0.7150.