EUR/USD: technical analysis 08.07.2019

EUR/USD: technical analysis 08.07.2019

Current trend

EUR/USD is in the stage of upward correction after falling to the level of 1.1206, but the downward trend is still maintained. If the “bulls” manage to raise the rate above the level of 1.1230 (Murray [0/8]), the correction can continue to the area of 1.1261 (Murray [1/8]), which corresponds to the middle line of Bollinger Bands. There is a high chance of an downward rebound, while its breakout would allow the raise to continue to the area of 1.1291 (Murray [2/8]). One may speak about downward movement continuation after the price consolidates below the support level of 1.1200 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 1.1169 (Murray [-2/8])-1.1141. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.1200, 1.1169, 1.1141.
Resistance levels: 1.1230, 1.1261, 1.1291.

Trading recommendations

Short positions can be opened below the level of 1.1200 with the target at around 1.1169-1.1141 and stop-loss 1.1220.
Long positions can be opened above the level of 1.1230 with the target at around 1.1261 and stop-loss 1.1210.

NZD/USD: technical analysis 05.07.2019

NZD/USD: technical analysis 05.07.2019

Current trend

On 4-hour chart, the instrument shows a moderate negative dynamic. The price went down below he middle line of Bollinger Bands (0.6683) and can fall further to the levels of 0.6652 (Murray [2/8]) . The downward trend will be restored after the price is set below the level of 0.6652. In this case, the next targets of sellers will be the level of 0.6622 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 0.6692, the correction can continue to the area of 0.6713 (Murray [4/8]). The level of 0.6713 seem a key level for the buyers in short term period. Pair’s sustained trading above this level could set the levels of 0.6744 (Murray [5/8])-0.6774 (Murray [6/8]) as next buyers’ targets. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. MACD histogram is ready to enter the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.6652, 0.6622, 0.6591.
Resistance levels: 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be above the level of 0.6692 with the target at around 0.6713-0.6744 and stop-loss 0.6675.
Short positions can be opened below the level of 0.6683 with the target at around 0.6652 and stop-loss 0.6693.

XAU/USD: technical analysis 05.07.2019

XAU/USD: technical analysis 05.07.2019

Current trend

XAU/USD quotes attempted to grow, but reaching 1424.07 mark moved to a decline. If the “bulls” manage to raise the rate above the level of 1424.07, the buyers will aim for the 1429.69 (Murray [7/8]) resistance zone. In order to continue the downward movement XAU/USD should consolidate below the level of 1410.13. In this case, the next targets of sellers will be the level of 1406.25 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1398.44 (Murray [3/8]). Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1414.06,1410.13, 1406.25.
Resistance levels: 1421.88, 1424.07, 1429.68.

Trading recommendations

Short positions can be opened below the level of 1410.13 with the target at around 1406.25 and stop-loss 1411.40.
Long positions can be opened above the level of 1424.07 with the target at around 1429.68 and stop-loss 1422.70.

USD/CHF: technical analysis 05.07.2019

USD/CHF: technical analysis 05.07.2019

Current trend

USD/CHF continues to consolidate in the side channel with the borders 0.9865-0.9869 due to low trading activity and relative calm information field. If the “bulls” manage to raise the rate above the level of 0.9857 (the middle line of Bollinger Bands) the correction can continue to the area of 0.9887 (Murray [8/8]). Assuming the pair’s ability to cross 0.9887 level, the marks of 0.9918 (Murray [+1/8])-0.9948 (Murray [+2/8]) can be targeted if holding long positions. One may speak about downward movement continuation after the price consolidates below the support level of 0.9826 (Murray [6/8]). In this case the sellers will aim for the 0.9796 (Murray [5/8])-0.9765 (Murray [4/8]) support zone. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are slowly decreasing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.9826, 0.9796, 0.9765.
Resistance levels: 0.9857, 0.9887, 0.9918, 0.9948.

Trading recommendations

Short positions can be opened below the level of 0.9826 with the target at around 0.9796-0.9765 and stop-loss 0.9846.
Long positions can be opened above the level of 0.9887 with the target at around 0.9918-0.9948 and stop-loss 0.9867.

AUD/USD: technical analysis 04.07.2019

AUD/USD: technical analysis 04.07.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price has tested the resisatnce level of 0.7047 and was slightly corrected downwards, but the general downward trend maintains. If the “bears” manage to decline the rate below the level of 0.7026, the correction can continue to the area of 0.7003 (Murray [7/8]), which is the main target of downward correction. Herewith, the support level of 0.7019 (Murray [8/8]) might offer intermediate halt during the falling of the price. The upward trend will be restored after the price is set above the level of 0.7049 (Murray [+2/8]). In this case the raise can continue to the area of levels 0.7065, 0.7097. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging. The volumes of MACD histogram are 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: 0.7034, 0.7019, 0.7003, 0.6988.
Resistance levels: 0.7049, 0.7065, 0.7097.

Trading recommendations

Short positions can be opened below the level of 0.7026 with the target at around 0.7003-0.6996 and stop-loss 0.7036.
Long positions can be opened above the level of 0.7049 with the target at around 0.7065-0.7097 and stop-loss 0.7034.

USD/JPY: analisis teknis 04.07.2019

USD/JPY: technical analysis 04.07.2019

Current trend

On 4-hour chart, the instrument is trading around the resistance level of 107.81 (Murray [4/8]) due to low trading activity. If USD/JPY cannot consolidate above the level of 107.81 during short term period the downward moevment restoration and retest of the level 107.52 are possible. Meanwhile, pair’s sustained trading above the level of 107.87 could set the levels of 108.00-108.20 as next buyers’ targets. A significant decrease is possible after the breakdown of the level 107.42 (Murray [2/8]), which can develop to the levels of 107.22 (Murray [1/8]), 107.03 (Murray [0/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 107.61, 107.42, 107.22, 107.03.
Resistance levels: 107.81, 108.00, 108.20, 108.39.

Trading recommendations

Long positions can be opened above the level of 107.81 with the target at around 108.00-108.20 and stop-loss 107.68.
Short positions can be opened below the level of 107.42 with the target at around 107.22-107.03 and stop-loss 107.55.

GBP/USD: analisis teknis 04.07.2019

GBP/USD: technical analysis 04.07.2019

Current trend

GBP/USD is in the stage of upward correction after falling to the level of 1.2557, but the general downward trend is still maintained. The main target of the correction is the level of 1.2603 (Murray [1/8]), which almost corresponds to the middle line of Bollinger Bands. There is a chance of an downward rewerse, while its breakout would allow the raise to continue to the area of level 1.2634 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.2557. Pair’s sustained trading below this level will let GBP/USD reach the area of levels 1.2542 (Murray [-1/8])-1.2512 (Murray [-2/8]). Technical indicators reflect the maintenance of the current upward correction. Bollinger Bands are converging against the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.2573, 1.2542, 1.2512.
Resistance levels: 1.2603, 1.2634, 1.2664.

Trading recommendations

Short positions can be opened below the level of 1.2557 with the target at around 1.2542-1.2512 and stop-loss 1.2572.
Long positions can be opened above the level of 1.2603 with the target at around 1.2634 and stop-loss 1.2593.

USD/CHF: technical analysis 03.07.2019

USD/CHF: technical analysis 03.07.2019

Current trend

On the 4-hour chart, USD/CHF bounced off the 0.9833 (the middle line of Bollinger Bands) horizontal-support but is yet to cross the 0.9964 resistance that impedes growth to 0.9887 (Murray [2/8]) resistance-line. Assuming the pair’s ability to cross 0.9887 mark, the level of 0.9948 (Murray [3/8]) can be targeted if holding long positions. If USD/CHF cannot consolidate above the level of 0.9887 during short term period, the downward trend restoration and retest of the level 0.9833 are possible. The downward trend will be restored after the price is set below the level of 0.9826. In this case, the next targets of sellers will be the level of 0.9765 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.9826, 0.9765, 0.9704.
Resistance levels: 0.9887, 0.9948, 1.0009.

Trading recommendations

Short positions can be opened below the level of 0.9826 with the target at around 0.9765 and stop-loss 0.9846.
Long positions can be opened above the level of 0.9887 with the target at around 0.9948 and stop-loss 0.9867.

EUR/USD: technical analysis 03.07.2019

EUR/USD: technical analysis 03.07.2019

Current trend

The EURUSD pair is showing a negative dynamic. The instrument is now testing the support level of 1.1291 (Murray [2/8]). If the current trend maintains, the next targets of sellers will be the level of 1.1261 (Murray [1/8]). Assuming the pair’s ability to cross 1.1261 mark, the level of 1.1230 (Murray [0/8]) can be targeted if holding short positions. Alternatively, pullback above the middle line of Bollinger Bands will let the price to grow to the area of 1.1352 (Murray [4/8]). Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1291, 1.1322, 1.1352.

Trading recommendations

Short positions can be opened below the level of 1.1261 with the target at around 1.1230 and stop-loss 1.1271.
Long positions can be opened above the level of 1.1322 with the target at around 1.1352 and stop-loss 1.1312.

USD/CAD: technical analysis 03.07.2019

USD/CAD: technical analysis 03.07.2019

Current trend

On the 4-hour chart, the price has tested the support level of 1.3095 and was slightly corrected upwards, but the general downward trend maintains. If the “bulls” manage to raise the rate above the level of 1.3107 (middle line of Bollinger Bands) the correction can continue to the area of 1.3122-1.3144. The downward trend will be restored after the price is set below the level of 1.3095. In this case, the sellers will aim for 1.3061 support zone (Murray [2/8]). The 1.3061 level seem strong support as break of which can diver market to 1.3000 (Murray [1/8]) rest-point. The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.3095, 1.3061, 1.3000.
Resistance levels: 1.3122, 1.3144, 1.3183.

Trading recommendations

Short positions can be opened below the level of 1.3095 with the target at around 1.3061 and stop-loss 1.3105.
Long positions can be opened above the level of 1.3107 with the target at around 1.3122-1.3144 and stop-loss 1.3096.