USD/CHF: technical analysis 13.02.2019

USD/CHF: technical analysis 13.02.2019

Current trend

On 4-hour chart, USD/CHF is correcting down from the 1.0090 level in direction of 1.0035 mark, which corresponds to 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 1.0009 (Murray [4/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 1.0070 (Murray [6/8]). The break of 1.0070 can accelerate the pair towards 1.0101 (Murray [7/8]), but the 1.0131 (Murray [8/8]) area and three-month old resistance-line could restrict further rise.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are directed up. Stochastics lines are pointed downwards.
MACD volumes are decreasing in positive zone.

Support and resistance

Support levels: 1.0040, 1.0009, 0.9979.

Resistance levels: 1.0070, 1.0101, 1.0131.

Trading recommendations

Short positions can be opened below the level of 1.0035 with the target at around 1.0009-0.9979 and stop-loss 1.0050.

Long positions can be opened above the level of 1.0070 with the target at around 1.0101-1.0131 and stop-loss 1.0050.

AUD/USD: technical analysis 12.02.2019

AUD/USD: technical analysis 12.02.2019

Current trend

AUD/USD is trading in a bear trend. Now the price is consolidating below a strong resistance near 0.7080 (Murray [0/8]). The downward trend will be restored after the price is set below the level of 0.7049 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 0.7019 (Murray [-2/8]). There is a high chance of an upward rebound here, while its breakdown would allow the fall to continue. Alternatively, breakout of 0.7080 (middle line of Bollinger Bands) can accelerate the pair towards 0.7110 (Murray [1/8]) – 0.7141 (Murray [2/8]) resistance area.
According to technical indicators, the price can grow within the correction.
MACD volumes are decreasing in negative zone. Stochastics’ lines are pointed upwards.
Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets.

Support and resistance

Support levels: 0.7049, 0.7019, 0.6990.

Resistance levels: 0.7080, 0.7110, 0.7141.

Trading recommendations

Long positions can be opened above the level of 0.7080 with the target at around 0.7110-0.7141 and stop-loss 0.7060.

Short positions can be opened below the level of 0.7049 with the target at around 0.7019-0.6990 and stop-loss 0.7066.

GBP/USD: technical analysis 12.02.2019

GBP/USD: technical analysis 12.02.2019

Current trend

On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (1.2846), but the bearish trend still maintains. If the “bulls” manage to raise the rate above the level of 1.2878 (Murray [3/8]), the correction can continue to the area of 1.2920 – 1.2939, which coincided the middle line of Bollinger Bands. Failure to conquer the 1.2878 mark seems fetching the GBP/USD to 1.2817 (Murray [2/8]) support level, but its further downside might be confined by the 1.2756 (Murray [1/8])-1.2695 (Murray [0/8]) support zone.
Technical indicators mostly reflect the maintenance of the downward potential. Bollinger Bands are directed down. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Meanwhile, Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of the upward correction formation.

Support and resistance

Support levels: 1.2817, 1.2756, 1.2695.

Resistance levels: 1.2878, 1.2939, 1.3000.

Trading recommendations

Short positions can be opened below the level of 1.2817 with the target at around 1.2756 and stop-loss 1.2835.

Long positions can be opened above the level of 1.2878 with the target at around 1.2939 and stop-loss 1.2850.

USD/JPY: technical analysis 12.02.2019

USD/JPY: technical analysis 12.02.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands.
The instrument is now testing the resistance level of 110.54 (Murray [7/8]).
Breakout of 110.54 can accelerate the pair towards 110.93 (Murray [8/8]) level,
but the 111.32 (Murray [+1/8]) – 111.71 (Murray [+2/8]) resistance area and overbought Stochastic could restrict further rise.
If USD/JPY cannot consolidate above the level of 110.54, the downward trend restoration and retest of the level 110.15 (Murray [6/8]), 109.99 (middle line of Bollinger Bands) are possible.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.
Bollinger Bands are diverging, reflecting the active development of the current trend.
MACD is growing in the positive zone.
Stochastic is in the overbought zone and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 110.15, 109.76, 109.37.

Resistance levels: 110.54, 111.32, 111.71.

Trading recommendations

Long positions can be opened above the level of 110.54 with the target at around 111.32 and stop-loss 110.30.

Short positions can be opened below the level of 109.99 with the target at around 109.76-109.37 and stop-loss 110.20.

EUR/USD: technical analysis 11.02.2019

EUR/USD: technical analysis 11.02.2019

Current trend

On 4-hour chart, EUR/USD is trading in a bear trend. The instrument is now testing the level of 1.1322 (Murray [3/8]). Breakdown of the level 1.1322 will let EUR/USD fall to the level of 1.1291 (Murray [2/8]), 1.1230 (Murray [0/8]). A significant decrease is possible after the breakout of the level 1.1230. In this case the pair may aim for the 1.1200-1.1170 support-zone. If the “bulls” manage to raise the rate above the level of 1.1352, the growths can continue to the area of 1.1383 (Murray [5/8]), 1.1413 (Murray [6/8]).
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.
Bollinger Bands are leaned downwards.
MACD is slowly growing in the negative zone.
Meanwhile, stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261, 1.1230.

Resistance levels: 1.1352, 1.1383, 1.1413, 1.1444.

Trading recommendations

Short positions can be opened below the level of 1.1322 with the target at around 1.1291-1.1261 and stop-loss 1.1340.

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.

NZD/USD: technical analysis 11.02.2019

NZD/USD: technical analysis 11.02.2019

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6728, but is yet to cross the 0.6774, which coincided with the middle line of Bollinger Bands. On the H4 chart, the pair is still trading in a bear trend. Pullbacks below 0.6713 (Murray [0/8]) will let the price fall to the area of 0.6683 (Murray [-1/8])-0.6652 (Murray [-2/8]).
The upward trend will be restored after the price is set above the level of 0.6774 (Murray [2/8]). In this case, the next targets of buyers will be the area of 0.6805 (Murray [3/8]) – 0.6835 (Murray [4/8]). Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are slightly leaned downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

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 0.6713 with the target at around 0.6683-0.6652 and stop-loss 0.6730.

Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6755.

XAU/USD: technical analysis 11.02.2019

XAU/USD: technical analysis 11.02.2019

Current trend

On 4-hour chart, XAU/USD is correcting down from the 1315.58 mark. The instrument is now testing the level of 1310.00, which coincided with the middle line of Bollinger Bands.
The breakdown of the level 1310.00 will let XAU/USD fall to the lower border of Bollinger Bands 1304.68 (Murray [7/8]). There is a chance of an upward rebound here, while its breakdown would allow the fall to continue. Alternatively, breakout of 1320.31 (Murray [+1/8]) mark can accelerate XAU/USD towards 1328.13 (Murray [+2/8]) area.
Technical indicators reflect the relative calmness of the markets and sideways movement of the price.
Bollinger Bands are pointed sideways.
MACD volumes are in the positive zone and are moving along the zero line.
Meanwhile, Stochastic has left the overbought area and is pointed downwards,
reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1310.00, 1304.68, 1296.87.

Resistance levels: 1312.50, 1320.31, 1328.12.

Trading recommendations

Short positions can be opened below the level of 1310.00 with the target at around 1304.68 and stop-loss 1312.00.

Long positions can be opened above the level of 1312.50 with the target at around 1320.31 and stop-loss 1310.00.

USD/CHF: technical analysis 08.02.2019

USD/CHF: technical analysis 08.02.2019

Current trend

USDCHF bounced off the 1.0000 support level but is yet to cross the 1.0025 resistance
that impedes growth to 1.0040 resistance level. Technical indicators reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are slightly decreasing in the positive zone.
The upward trend will be restored after the price is set above the level of 1.0040.
In this case, the price may aim for the 1.0086 resistance-zone.

Breaking 1.0000 level and holding below it will push the price back to 0.9994-0.9964 support-zone.

Support and resistance

Support levels: 1.0009, 0.9994, 0.9964, 0.9948.

Resistance levels: 1.0025, 1.0040, 1.0060, 1.0086.

Trading recommendations

Long positions can be opened above the level of 1.0025 with the target at around 1.0040-1.0086 and stop-loss 1.0005.

Short positions can be opened below the level of 1.0009 with the target at around 0.9964-0.9948 and stop-loss 1.0030.

USD/CAD: technical analysis 08.02.2019

USD/CAD: technical analysis 08.02.2019

Current trend

On 4-hour chart, USD/CAD is growing along the upper line of the Bollinger Bands.
The lack of long-term corrections reflects the strength of the current trend.
The breaking 1.3305 (Murray [2/8]) mark and holding above it will push the price to 1.3366 (Murray [3/8]).
Technical indicators mostly keep a buy signal. Bollinger Bands are directed up. MACD is active growing in the positive zone. However, as the Stochastic is in the overbought area,
and the price has broken the upper border of Bollinger Bands, the downward correction is not excluded.
One may speak about downward correction after the price consolidates below the support level of 1.3244 (Murray [1/8]). In this case, the main target of the correction will be the level of 1.1383 (Murray [0/8]), which corresponds to the middle line of Bollinger Bands.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122, 1.3061.

Resistance levels: 1.3305, 1.3367, 1.3427, 1.3488.

Trading recommendations

Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3385.

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3260.

EUR/USD: technical analysis 08.02.2019

EUR/USD: technical analysis 08.02.2019

Current trend

On 4-hour chart, EUR/USD price is correcting up after the fall to the level of 1.1322. The instrument is now testing a strong resistance level of 1.1352.(Murray [4/8]. Breakout of the 1.1352 level will let the price to grow to the area of 1.1383, which coincided with the middle line of Bollinger Bands.
If EUR/USD cannot consolidate above the level of 1.1352, the downward trend restoration and retest of the level 1.1322 (Murray [3/8]), 1.1291 (Murray [0/8]) are possible.
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are leaned downwards, reflecting the moderate developing of the downward trend. MACD histogram is in the negative zone. Stochastic has left the oversold zone and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261, 1.1230.

Resistance levels: 1.1352, 1.1383, 1.1413, 1.1441.

Trading recommendations

Short positions can be opened below the level of 1.1322 with the target at around 1.1291-1.1261 and stop-loss 1.1342.

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.