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.

USD/JPY: technical analysis 07.02.2019

USD/JPY: technical analysis 07.02.2019

Current trend

USD against the Japanese yen continues to consolidate in the side channel after a significant raise over the last week. Now the price is trading above 109.87 mark, which is the middle line of Bollinger Bands.
The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets and sideways movement of the price. MACD is slowly growing in the positive zone. Stochastics lines are pointed downwards.

If the buyers manage to raise the rate above the level of 110.15 (Murray [6/8]) , the raise can continue to the area of 110.54 (Murray [7/8]), 110.93 (Murray [8/8]). The downward movement will be restored after the price is set below the level of 109.76. In this case, the next targets of sellers will be the level of 109.37 (Murray [4/8]).

Support and resistance

Support levels: 109.76, 109.37, 108,98.

Resistance levels: 110.15, 110.54, 110.93.

Trading recommendations

Long positions can be opened above the level of 110.15 with the target at around 110.54-110.93 and stop-loss 109.90.

Short positions can be opened below the level of 109.76 with the target at around 109.27-108.98 and stop-loss 110.00.

GBP/USD: technical analysis 07.02.2019

GBP/USD: technical analysis 07.02.2019

Current trend

On 4-hour chart, GBP/USD is moderately falling due to low trading activity. The pair approached the key support 1.2939 yesterday. Breaking of the level 1.2939 will open GBP/USD path to 1.2908-1.2878 support zone. Pair’s sustained trading below 1.2878 mark could set 1.2829 level as next sellers target.
If the “bulls” manage to raise the rate above the level of 1.2970, the correction can continue to 1.3000-1.3033 resistance zone.
Technical indicators maintain a sell signal. Bollinger Bands are leaned downwards. MACD growing in negative zone. Stochastic lines are pointed sideways and are reaching the oversold area.

Support and resistance

Support levels: 1.2939, 1.2908, 1.2878, 1.2829.
Resistance levels: 1.2970, 1.3000, 1.3033, 1.3061.

Trading recommendations

Short positions can be opened below the level of 1.2939 with the target at around 1.2908-1.2878 and stop-loss 1.2960.

Long positions can be opened above the level of 1.2970 with the target at around 1.3000-1.3300 and stop-loss 1.2950.

AUD/USD: technical analysis 07.02.2019

AUD/USD: technical analysis 07.02.2019

Current trend

AUD/USD is trading in a bear trend. If the current trend maintains, the breakdown and consolidation of the price below the level of 0.7110 (Murray [1/8]) will let USD/JPY reach the next strong support level 0.7080 (Murray [0/8]). Meanwhile, oversold Stochastic and support zone 0.7049-0.7019 could stop the pair’s downside.

Technical indicators mostly reflect the moderate maintenance of the current downward trend.
MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are leaned downwards. Stochastic lines are reaching the oversold area and are pointed sideways.

Support and resistance

Support levels: 0.7110, 0.7080, 0.7049, 0.7019.
Resistance levels: 0.7141, 0.7171, 0,7202, 0,7232.

Trading recommendations

Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7049 and stop-loss 0.7070.

Long positions can be opened above the level of 0.7141 with the target at around 0.7171-0.7202 and stop-loss 0.7120.

EUR/USD: technical analysis 06.02.2019

EUR/USD: technical analysis 06.02.2019

Current trend

On the 4-hour chart, EUR/USD is falling along the lower line of the Bollinger Bands towards 1.1383 support level. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of sellers could be the 1.1352 mark.
A significant decrease is possible after the breakout of the level 1.1352, which can develop to the levels of 1.1322 (Murray [3/8]), 1.1291 (Murray [2/8]).
Technical indicators reflect the maintenance of the downward potential. Bollinger Bands and Stochastics line are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 1.1383, 1.1352, 1.1322, 1.1291.

Resistance levels: 1.1413, 1.1444, 1.1474, 1.1505.

Trading recommendations

Short positions can be opened below the level of 1.1383 with the target at around 1.1352-1.1322 and stop-loss 1.1400.

Long positions can be opened after the price rebound from the level of 1.1322 with targets at 1.1352-1.1383 and stop-loss at 1.1300.

NZD/USD: technical analysis 06.02.2019

NZD/USD: technical analysis 06.02.2019

Current trend

On 4-hour chart, the instrument is falling down along the lower line of the Bollinger Bands.
Now the pair is testing the support level 0.6865 (Murray [6/8]). The breakout and consolidation of the price below the 0.6865 (Murray [6/8]) will let NZD/USD reach the level of 0.6835 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue.

If the instrument cannot consolidate below the area of 0.6865-0.6835, it will begin to grow to the area of 0.6897 (Murray [6/8]), which is the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.6897. In this case, the next targets of buyers will be the level of 0.6958 (Murray [8/8]).

Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels: 0.6866, 0.6835, 0.6805.

Resistance levels: 0.6897, 0.6927, 0.6958.

Trading recommendations

Short positions can be opened below the level of 0.6866 with the target at around 0.6835-0.6805. and stop-loss 0.6880.

Long positions can be opened above the level of 0.6897 with the target at around 0.6927-0.6958 and stop-loss 0.6882.

XAU/USD: technical analysis 06.02.2019

XAU/USD: technical analysis 06.02.2019

Current trend

On the 4-hour chart, XAU/USD quotes are consolidating around the area of 1312.50 (Murray [8/8]) mark, which is the middle line of Bollinger Bands.
Now the level 1312.50 seem strong support level, break of which can diver market to 1304.00 level.
If the “bulls” manage to raise the rate above the level of 1315.00, the raise can continue to the area of 1320.31 (Murray [+1/8]).
The downward trend maintains, which the technical indicators confirm. MACD volumes are decreasing in the positive zone. Stochastics’ lines are pointed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1312.50, 1304.68, 1289.06.

Resistance levels: 1315.00, 1320.13, 1328.12.

Trading recommendations

Short positions can be opened below the level of 1312.50 with the target at around 1304.68 and stop-loss 1310.00.

Long positions can be opened above the level of 1315.00 with the target at around 1320.31 and stop-loss 1313.65.

AUD/USD: technical analysis 05.02.2019

AUD/USD: technical analysis 05.02.2019

Current trend

On the 4-hour chart, AUD/USD pair is trading above the middle line of BBands and moves towards the level of 0.7263 (Murray [6/8]). If the “bulls” manage to raise the rate above the level of 0.7263, the growth may continue to the area of 0.7293-0.7324 resistance-zone. There is a high chance of a downward rebound from this area, while its breakout would allow the raise to continue. In case the pair manage to cross down the 0.7247 level, the downward movement can develop to 0.7202 mark.

The technical picture is mixed. Bollinger Bands are pointed sideways.
MACD volumes are growing in positive zone. Bollinger Bands are pointed sideways.
Stochastic left the zone and gives a buy signal.

Support and resistance

Support levels:0.7232, 0.7202, 0.7171, 0.7141.

Resistance levels: 0.7263, 0.7293, 0.7324.

Trading recommendations

Short positions can be opened below the level of 0.7232 with the target at around 0.7202-0.7171 and stop-loss 0.7250.
Long positions can be opened above the level of 0.7263 with the target at around 0.7293-0.7324 and stop-loss 0.7240.