NZD/USD: technical analysis 12.09.2019

NZD/USD: technical analysis 12.09.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic during asian session. The instrument is now trying to consolidate above the level of 0.64392 (Murray [7/8]). If the current trend maintains the pair will grow to the 0.64697 level (Murray [8/8]). This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, breakout of 0.64697 can accelerate the pair towards 0.65002 (Murray [+1/8]). Alternative scenario. The downward trend will be restored after the price is set below the level of 0.64241, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.64087 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are diverging in the background of bullish momentum. MACD is growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.64241, 0.64087, 0.63782.
Resistance levels: 0.64392, 0.64697, 0.65002.

Trading recommendations

Long positions can be opened above the level of 0.64392 with the target at around 0.64697 and stop-loss 0.64290.
Short positions can be opened below the level of 0.64241 with the target at around 0.64087 and stop-loss 0.64292.

AUD/USD: technical analysis 11.09.2019

AUD/USD: technical analysis 11.09.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.68665 (Murray [+1/8]) and can grow further to the levels of 0.68843 and 0.68970 (Murray [+2/8]). The area of 0.68970 level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Pullback below 0.68665 could lead the price to the 0.68550 level, 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 0.68359 (Murray [8/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.68665, 0.68550, 0.68359.
Resistance levels: 0.68843, 0.68970, 0.69100.

Trading recommendations

Long positions can be opened above the level of 0.68843 with the target at around 0.68970-0.69100 and stop-loss 0.68757.
Short positions can be opened below the level of 0.68665 with the target at around 0.68550-0.68359 and stop-loss 0.68563.

USD/JPY: technical analysis 11.09.2019

USD/JPY: technical analysis 11.09.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price is testing the resistance at the level of 107.813 (Murray [4/8]). The breakout of 107.813 can accelerate the pair towards 108.203 (Murray [5/8]).
Alternative scenario.
If USD/JPY cannot consolidate above the level of 107.813 during short term period, the downward correction and retest of the level 107.559, 107.422 (Murray [3/8]) are possible. The downward trend will be restored after the price is set below the level of 107.225, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 107.031 (Murray [2/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbough zone and is pointed sideways.

Support and resistance

Support levels: 107.559, 107.422, 107.225.
Resistance levels: 107.813, 108.203, 108.594.

Trading recommendations

Long positions can be opened above the level of 107.813 with the target at around 108.203 and stop-loss 107.679.
Short positions can be opened below the level of 107.559 with the target at around 107.422-107.225 and stop-loss 108.665.

GBP/USD: technical analysis 11.09.2019

GBP/USD: technical analysis 11.09.2019

Current trend

GBP/USD is trading above its middle line of Bollinger Bands suggesting bullish momentum. The first tough resistance is located on the level of 1.23741. This level holds the gate for its rise to 1.23901 (Murray [7/8]) resistance-line. There is a chance of an downward rebound, while its breakout would allow the raise to continue to 1.24300-1.24512 (Murray [8/8]). Alternative scenario. Pullback and price sustained trading below the level of 1.23291 (Murray [6/8]) could lead the price to the 1.22681 level (Murray [5/8]). The downward trend will be restored after the price is set below the level of 1.22681. In this case, the next targets of sellers will be area of level of 1.22363-1.22070 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.23291, 1.22681, 1.22363, 1.22070.
Resistance levels: 1.23741, 1.23901, 1.24300.

Trading recommendations

Short positions can be opened below the level of 1.23291 with the target at around 1.22681 and stop-loss 1.23494.
Long positions can be opened above the level of 1.23741 with the target at around 1.23901-1.24000 and stop-loss 1.23654.

USD/CHF: technical analysis 10.09.2019

USD/CHF: technical analysis 10.09.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 0.99312. If the price is set below the level of 0.99182 (Murray [5/8]), the downward correction can continue to the level of 0.98877 (Murray [4/8]), 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 0.98572 (Murray [3/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.99312. In this case, the buyers will aim for the level of 0.99487 (Murray [6/8])-0.99619. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.99182, 0.98877, 0.98572.
Resistance levels: 0.99312, 0.99487, 0.99619.

Trading recommendations

Long positions can be opened above the level of 0.99312 with the target at around 0.99487-0.99619 and stop-loss 0.99209.
Short positions can be opened below the level of 0.99182 with the target at around 0.98877 and stop-loss 0.99283.

USD/CAD: technical analysis 10.09.2019

USD/CAD: technical analysis 10.09.2019

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias on the background of upward correction. The first target of the correction is the level of 1.31836 (Murray [0/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound. Meanwhile, the breakout of 1.31836 can accelerate the pair towards 1.32141 (Murray [1/8]). The downward trend will be restored after the price is set below the level of 1.31531 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 1.31388-1.31226 (Murray [-2/8]). The technical picture is mixed. Bollinger Bands are pointed downwards. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is in the overbought zone and is pointed downwards.

Support and resistance

Support levels: 1.31531, 1.31388, 1.31226.
Resistance levels: 1.31836, 1.32141, 1.32346.

Trading recommendations

Long positions can be opened above the level of 1.31836 with the target at around 1.32141 and stop-loss 1.31734.
Short positions can be opened below the level of 1.31531 with the target at around 1.31388-1.31388 and stop-loss 1.31631.

EUR/USD: technical analysis 10.09.2019

EUR/USD: technical analysis 10.09.2019

Current trend

EUR/USD is in the stage of downward correction after raisung to the level of 1.10677. At the moment the price has met the support at the level of 1.10400 (the middle line of Bollinger Bands). If the “bulls” manage to raise the rate above the level of 1.10677, the upward movement can continue to the area of 1.10779-1.10843. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The downward trend will be restored after the price is set below the level of 1.10400. In this case, the next targets of sellers will be the level of 1.10168 (Murray [5/8]). The level of 1.10168 seem a strong support level, which can activate an upward rebound. Meanwhile, pair’s sustained trading below this level will let the price to fall to the area of 1.10092-1.09863 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.10400, 1.10168, 1.10092, 1.09863.
Resistance levels: 1.10474, 1.10677, 1.10843, 1.11084.

Trading recommendations

Short positions can be opened below the level of 1.10400 with the target at around 1.10168 and stop-loss 1.10502.
Long positions can be opened above the level of 1.10677 with the target at around 1.10779-1.10843 and stop-loss 1.10621.

USD/CHF: technical analysis 09.09.2019

USD/CHF: technical analysis 09.09.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. At the moment the pairs is trying to consolidate above the level of 0.98877 (Murray [4/8]). The upward dynamic will be restored after price is set above the 0.98929 mark. In this case, the next targets of buyers will be the level of 0.99030 (Murray [+1/8]). Should prices continue raising above 0.99030 mark, the level of 0.99182 (Murray [+2/8]) might try activating a downward rebound. If the sellers manage to decline the rate below the level of 0.98835, the downward correction can continue to the area of 0.98692-0.98572 (Murray [3/8]). The mark of 0.98572 (the middle line of Bollinger Bands) seem a key level for downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98419. Technical indicators mostly reflect the moderate maintenance of the current upward сorrection. Bollinger Bands are diverging on the background of bullish momentum. Stochastic is pointed upwards. The volumes of MACD histogram are growing in the positive zone.

Support and resistance

Support levels: 0.98835, 0.98692, 0.98572.
Resistance levels: 0.98929, 0.99030, 0.99182.

Trading recommendations

Long positions can be opened above the level of 0.98929 with the target at around 0.99030-0.99182 and stop-loss 0.98844.
Short positions can be opened below the level of 0.98835 with the target at around 0.98692-0.98572 and stop-loss 0.98922.

XAU/USD: technical analysis 09.09.2019

XAU/USD: technical analysis 09.09.2019

Current trend

XAU/USD quotes attempted to grow, but reaching 1512.48 mark moved to a decline. If the sellers manage to decline the rate below the level of 1507.81 (Murray [1/8]), the downward movement can continue to the area of 1503.15. The level of 1500.00 seem a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1494.69. Pullback and price consolidation above the level 1515.63 will let the price to grow to the area 1520.20-1523.44 (Murray [3/8]). Technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed sideways.

Support and resistance

Support levels: 1507.81, 1503.15, 1500.00.
Resistance levels: 1515.63, 1520.20, 1523.44.

Trading recommendations

Short positions can be opened below the level of 1507.81 with the target at around 1503.15-1500.00 and stop-loss 1510.00.
Long positions can be opened above the level of 1515.63 with the target at around 1520.20-1523.44 and stop-loss 1512.63.

NZD/USD: technical analysis 09.09.2019

NZD/USD: technical analysis 09.09.2019

Current trend

The NZDUSD pair begins today’s trading with slight bullish bias but reaching 0.64188 mark moved to a decline. If the current trend maintains the next targets of sellers will be the level of 0.64087 (Murray [6/8]). This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, pair’s sustained trading below the 0.64087 can lead the price to the 0.63846 mark, which coincided with the middle line of Bollinger Bands.
Alternative scenario. The upward trend will be restored after the price is set above the level of 0.64392 (Murray [7/8]). In this case, the buyers will aim for the area of 0.64586-0.64697 (Murray [8/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.64087, 0.63846, 0.63477.
Resistance levels: 0.64392, 0.64586, 0.64697.

Trading recommendations

Long positions can be opened above the level of 0.64392 with the target at around 0.63660-0.63782 and stop-loss 0.64290.
Short positions can be opened below the level of 0.64087 with the target at around 0.63846 and stop-loss 0.64167.