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Current trend

USD/CHF is in the stage of upward correction after falling to the level of 0.97742. Now the price approaching the 0.98114 resistance. Assuming the pair’s ability to cross this level, the mark of 0.98267 can be targeted if holding long positions. This area seems a key target of the upward correction movement and can activate a downward reverse of the price. However, the decisive break of 0.98267 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 0.98419 resistance.

Alternative scenario

The downward rebound from 0.98114 resistance and pullback below 0.97961 will be a sign of downward trend resumption. One may speak about downward movement continuation after the price consolidates below the support level of 0.97809. In this case, the next targets of sellers will be the level of 0.97656-0.97504.

Technical indicators

The technical picture is mixed.

Bollinger Bands are pointed downwards.

MACD is growing in the negative zone.

Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.

Support and resistance

Support levels: 0.97961, 0.97809, 0.97656, 0.97504.
Resistance levels: 0.98114, 0.98267, 0.98419, 0.98572.

Trading recommendations

Short positions can be opened below the level of 0.97961 with the target at around 0.97809-0.97656 and stop-loss at 0.98062.
Long positions can be opened above the level of 0.98114 with the target at around 0.98267-0.98419 and stop-loss at 0.98012.

Current trend

The instrument begins today’s trading with an upward gap. Now the pair is trading above 1.32600 resistance and has the potential to further grow to the area of 1.32751 resistance. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the decisive breakout of 1.32751 could trigger a pair’s fresh run-up to a local high surrounding 1.32904-132948.

Alternative scenario

The pullback below 1.32567 could lead the price back to the 1.32446 support line, which coincided with the middle line of Bollinger Bands. The breakdown of this level will be a signal for downward trend formation. In this case, the sellers will aim for 1.32294-1.32141 support-zone.

Technical indicators

Technical indicators maintain a buy signal.

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 pointed upwards, reflecting the high possibility of upward movement formation.

Support and resistance

Support levels: 1.32599, 1.32446, 1.32141.
Resistance levels: 1.32751, 1.32904, 1.33057.

Trading recommendations

Short positions can be opened below the level of 1.32446 with the target at around 1.32294-1.32141 and stop-loss at 1.32540.
Long positions can be opened above the level of 1.32751 with the target at around 1.32904-1.33057 and stop-loss at 1.32660.

Current trend

The EUR/USD pair begins today’s trading with a downward gap.
The price went down below the level of 1.08337 and can fall further to the levels of 1.08032, which coincided with the middle line of Bollinger Bands. The area of 1.08032-1.07949 can activate an upward rebound, while its breakdown will strengthen the bearish potential and give a prospect of decline to the next support area, surrounding 1.07727 level.

Alternative scenario

The pullback above 1.08337 and the pair’s sustained trading above it will be a signal of upward correction movement and let the price re-test the Friday high 1.08630. The upward trend will be restored after the price is set above the strong resistance level of 1.08643. In this case, the next targets of buyers will be the level of 1.08948.

Technical indicators

Technical indicators mostly maintain a sell signal.

Bollinger Bands are converging on the background of bearish momentum.

MACD volumes are decreasing in the negative zone but are yet to cross 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: 1.08032, 1.07727, 1.07422.
Resistance levels: 1.08337, 1.08643, 1.08948.

Trading recommendations

Short positions can be opened below the level of 1.08032 with the target at around 1.07727 and stop-loss at 1.08130.
Long positions can be opened above the level of 1.08337 with the target at around 1.08643 and stop-loss at 1.08240.

Current trend

EUR/JPY is in the stage of a downward correction after growing to the level of 121.391. At the moment the price has met the support at the level of 120.760. The downward trend will be restored after the price is set below the level of 120.700. In this case, the next targets of sellers will be the area of 120.508-120.313 levels. Judging by the downward reversal of Stochastic, this case scenario is possible soon.

Alternative scenario

The upward rebound from 120.703 will let the price re-test the 120.900 resistance. The breakout of 120.900 level will give a prospect of growing to the 121.094 area. Additionally, pair’s sustained trading beyond the 121.094 could set the level of 121.391on buyers’ radar.

Technical indicators

The technical picture is mixed.

Bollinger Bands are diverging on the background of bullish momentum.

MACD is growing in a 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: 120.703, 120.508, 120.313.
Resistance levels: 121.094, 121.391, 121.600.

Trading recommendations

Short positions can be opened below the level of 120.703 with the target at around 120.508-120.400 and stop-loss at 120.800.
Long positions can be opened above the level of 121.094 with the target at around 121.391 and stop-loss at 120.995.

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 1626.41. Assuming the pair’s ability to cross this level, the mark of 1630.00-1632.81 can be targeted if holding long positions.

Alternative scenario

The downward rebound from 1526.41 and pullback below 1623.47 could be a sign of a downward correction. In this case, the pair will have a potential for a further decline to 1621.09 support. The breakdown of this level will confirm the downward correction signal and give a prospect of decline to 1617.19-1613.28.

Technical indicators

Technical indicators maintain a buy signal.

Bollinger Bands are pointed upwards.

MACD is growing in a positive zone.

Stochastic is pointed upwards, reflecting the high possibility of upward movement formation.

Support and resistance

Support levels: 1623.47, 1621.09, 1617.19, 1613.28.
Resistance levels: 1626.41, 1630.00, 1632.81.

Trading recommendations

Short positions can be opened below the level of 1623.47 with the target at around 1621.09-1617.19 and stop-loss at 1625.00.
Long positions can be opened above the level of 1626.41 with the target at around 1630.00 and stop-loss at 1625.10.

Current trend

On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below the level of 0.63171 and can fall further to the levels of 0.62866. This level seems strong support, which can activate an upward reverse of the price. The decisive breakdown of 0.62866 could trigger a pair’s active decline to local min surrounding 0.62500.

Alternative scenario

The pullback above 0.63171 and the pair’s sustained trading above it will be a signal of upward correction development and give a prospect of growth to the area of 0.63324 level. This mark will be a key target of the upward correction. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.63477.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are diverging on the background of bearish momentum.

MACD is growing in the negative zone.

Stochastic’s lines are in the oversold zone and are pointed sideways.

Support and resistance

Support levels: 0.63073, 0.62866, 0.62500.
Resistance levels: 0.63171, 0.63477, 0.63782.

Trading recommendations

Short positions can be opened below the level of 0.63073 with the target at around 0.62866 and stop-loss at 0.63142.
Long positions can be opened above the level of 0.63171 with the target at around 0.63477 and stop-loss at 0.63071.

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