EUR/USD: technical analysis 04.06.2019

EUR/USD: technical analysis 04.06.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price has tested the resistance level of 1.1261 (Murray [+1/8]) and was slightly corrected downwards, but the upward trend still maintains. One may speak about upward movement continuation after the price consolidates abvoe the level of 1.1261. Pair’s sustained trading beyond this level could set the level of 1.1291 (Murray [+2/8])- 1.1323 on buyers’ radar. If the “bears” manage to decline the rate below the level of 1.1230 (Murray [8/8]),the correction can continue to the area of 1.1200 (Murray [7/8])-1.1169 (Murray [6/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169.
Resistance levels: 1.1261, 1.1291, 1.1323.

Trading recommendations

Short positions can be opened below the level of 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247.
Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1323 and stop-loss 1.1240.

USD/CAD: technical analysis 04.06.2019

USD/CAD: technical analysis 04.06.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price has tested the support level of 1.3431 and was slightly corrected upwards, but the downward trend maintains. If the “bulls” manage to raise the rate above the level of 1.3458 (Murray [5/8]), the correction can continue to the area of 1.3488 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3427 (Murray [4/8]). In this case, the next targets of sellers will be the area of 1.3397 (Murray [3/8])-1.3366 (Murray [2/8]). Technical indicators reflect the maintenance of the downward trend. Bollinger Bands are diverging, reflecting the active development of the current downward dynamic. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1.3427, 1.3397, 1.3366, 1.3336.
Resistance levels: 1.3458, 1.3488, 1.3519, 1.3549.

Trading recommendations

Long positions can be opened above the level of 1.3458 with the target at around 1.3488 and stop-loss 1.3448.
Short positions can be opened below the level of 1.3427 with the target at around 1.3397-1.3366 and stop-loss 1.3447.

USD/CHF: technical analysis 04.06.2019

USD/CHF: technical analysis 04.06.2019

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 0.9909, but the downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 0.9948 (Murray [2/8]), the correction can continue to the area of 0.9979 (Murray [3/8]). -1.0009 (Murray [4/8]). The breaking of 0.9918 (Murray [1/8]) and holding below it will let the price to fall to the area of 0.9887 Murray [0/8]). There is a high chance of an upward rebound from the level of 0.9887, while its breakdown would allow the fall to continue to the area of 0.9857 Murray [-1/8])-0.9826 Murray [-2/8]). Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 0.9918, 0.9887, 0.9857, 0.9826.
Resistance levels: 0.9948, 0.9979, 1.0009, 1.0040.

Trading recommendations

Long positions can be opened above the level of 0.9948 with the target at around 0.9979 and stop-loss 0.9938.
Short positions can be opened below the level of 0.9918 with the target at around 0.9887 and stop-loss 0.9928.

GBP/USD: technical analysis 03.06.2019

GBP/USD: technical analysis 03.06.2019

Current trend

GBP/USD is in the stage of downward correction after rasing to the level of 1.2654, but the upward trend is still maintained, which is confirmed by technical indicators. The first target of the correction is the level of 1.2624, which corresponds to the middle line of Bollinger Bands. If the price is set below this level, the downward trend can restore, and the instrument can retest the support level of 1.2573 (Murray [6/8]). The upward trend will be restored after the price is set above the level of 1.2654. In this case the buyers will aim for the 1.2695 (Murray [8/8]) resistance-zone. Assuming the pair’s ability to cross the level of 1.2695, the mark of 1.2756 (Murray [+1/8]) can be targeted if holding long positions. Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the negative zone. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 1.2634, 1.2573, 1.2512.
Resistance levels: 1.2654, 1.2695, 1.2756.

Trading recommendations

Short positions can be opened below the level of 1.2624 with the target at around 1.2573 and stop-loss 1.2641.
Long positions can be opened above the level of 1.2654 with the target at around 1.2695 and stop-loss 1.2640.

USD/JPY: technical analysis 03.06.2019

USD/JPY: technical analysis 03.06.2019

Current trend

On the 4-hour chart, USD/JPY is falling along the lower line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 107.81 (Murray [0/8]). The level of 107.81 seem tough support as break of which can diver market to 107.42 (Murray [-1/8])-107.03 (Murray [-2/8]) rest-points. If USD/JPY cannot consolidate below the level of 107.81 during short term period, the upward trend restoration and retest of the levels 108.20 (Murray [1/8])- 108.59 (Murray [2/8]) are possible.
Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is actively growing in the negative zone. Stochastic is in the oversold area and is pointed sideways.

Support and resistance

Support levels: 107.81, 107.42, 107.03.
Resistance levels: 108.20, 108.59, 108.98.

Trading recommendations

Short positions can be opened below the level of 108.20 with the target at around 107.81 and stop-loss 108.30.
Long positions can be opened above the level of 108.30 with the target at around 108.59 and stop-loss 108.20.

AUD/USD: technical analysis 03.06.2019

AUD/USD: technical analysis 03.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price has tested the resistance level of 0.6958 (Murray [8/8]) and was slightly corrected downwards, but the upward trend still maintains. The breakout of the level 0.6958 will let the price grow to the area of levels 0.6973 (Murray [+1/8])-0.6988 (Murray [+2/8]). If the “bears” manage to decline the rate below the level of 0.6942 (Murray [7/8]), the correction can continue to the area of 0.6927 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound from the level of 0.6927, while its breakdown would allow the fall to continue to the area of 0.6912 (Murray [5/8]). Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.6942, 0.6927, 0.6912, 0.6897.
Resistance levels: 0.6958, 0.6973, 0.6988.

Trading recommendations

Short positions can be opened below the level of 0.6942 with the target at around 0.6927-0.6912 and stop-loss 0.6952.
Long positions can be opened above the level of 0.6958 with the target at around 0.6973-0.6988 and stop-loss 0.6948.

XAU/USD: technical analysis 31.05.2019

XAU/USD: technical analysis 31.05.2019

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 1292.97 (Murray [7/8]). The breakout and consolidation of the price abive the level of 1292.97 will let XAU/USD reach the level of 1296.88 (Murray [8/8]). The level of 1296.88 seem a key level for the buyers in short term period. Breakout and pair’s sustained trading above the level of 1296.88 can accelerate the pair towards 1300.78 (Murray [+1/8]), but this area can restrict further rise. If the sellers manage to decline the rate below the level of 1289.06 (Murray [6/8]), the downward correction can continue to the area of 1285.15 (Murray [5/8]). Technical indicators reflect the maintenance of the current upward trend. Bollinger Bands are diverging, reflecting the active development of the upward dynamic. MACD is growing in the positive zone. Stochastic is in the positive zone and is pointed upwards.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 1289.06 with the target at around 1285.16 and stop-loss 1290.30.
Long positions can be opened above the level of 1292.97 with the target at around 1296.88 and stop-loss 1292.00.

NZD/USD: technical analysis 31.05.2019

NZD/USD: technical analysis 31.05.2019

Current trend

The price has tested the support level of 0.6494 and was slightly corrected upwards, but the downward trend still maintains. If the “bulls” manage to raise the rate above the level of 0.6515 (Murray [3/8]), the correction can continue to the area of 0.6530 (Murray [4/8]), which is the key target of upward correction. There is a high chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.6546 (Murray [5/8]). The downward trend will be restored after the price is set below the level of 0.6500 (Murray [2/8]). In this case, the next targets of sellers will be the level of 0.6485 (Murray [1/8])-0.6469 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the downward dynamic. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.6500, 0.6485, 0.6469.
Resistance levels: 0.6515, 0.6530, 0.6546.

Trading recommendations

Long positions can be above the level of 0.6515 with the target at around 0.6530-0.6546 and stop-loss 0.6505.
Short positions can be opened below the level of 0.6500 with the target at around 0.6485-0.6469 and stop-loss 0.6510.

USD/CAD: technical analysis 31.05.2019

USD/CAD: technical analysis 31.05.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic on its way to the key resistance line 1.3549 (Murray [8/8]). Breaking of 1.3549 and holding above it will let the price to raise to the area of 1.3580 (Murray [+1/8])-1.3610 (Murray [+2/8]). The area of 1.3580-1.3610 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Alternatively, pullback below the level of 1.3519 (Murray [7/8]) could lead the price back to the 1.3488 (Murray [6/8]) level, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 1.3519, 1.3488, 1.3458.
Resistance levels: 1.3549, 1.3580, 1.3610.

Trading recommendations

Long positions can be opened above the level of 1.3549 with the target at around 1.3580 and stop-loss 1.3540.
Short positions can be opened below the level of 1.3519 with the target at around 1.3488 and stop-loss 1.3540.

GBP/USD: technical analysis 30.05.2019

GBP/USD: technical analysis 30.05.2019

Current trend

The GBP/USD pair begins today’s trading with slight bullish bias due to upward correcton. The main target of the correction is the level of 1.2657, which corresponds to the middle line of Bollinger Bands. If the price is set above the level of 1.2657, the upward trend can restore, and the instrument can retest the resistance level of 1.2695 (Murray [0/8]). The downward trend will be restored after the price is set below the level of 1.2610. In this case, the next targets of sellers will be the level of 1.2573 (Murray [-2/8]), that might try activating a upward rebound. A significant decrease is possible after the breakdown of the level 1.2573, which can develop to the levels of 1.2524, 1.2504. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.2610, 1.2573, 1.2524, 1.2504.
Resistance levels: 1.2657, 1.2695, 1.2756.

Trading recommendations

Short positions can be opened below the level of 1.2610 with the target at around 1.2573 and stop-loss 1.2623.
Long positions can be opened above the level of 1.2657 with the target at around 1.2695 and stop-loss 1.2644.