NZD/USD: technical analysis 05.04.2019

NZD/USD: technical analysis 05.04.2019

Current trend

On 4-hour chart, the price has tested the support level of 0.6744 (Murray [1/8]) and was slightly corrected upwards, but the downward trend still maintains. The first target of the correction is the level of 0.6774 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the rise to continue to the area of 0.6805 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6744. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8])-0.6683 (Murray [-1/8]). Technical indicators mostly reflect the maintenance of the downward potential, but the of upward correction is not excluded in short term. 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 directed upwards, signaling the development of an upward correction.

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 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6750.

XAU/USD: technical analysis 05.04.2019

XAU/USD: technical analysis 05.04.2019

Current trend

The XAU/USD pair begins today’s trading with bearish bias. The price went down below the level of middle line of Bollinger Bands (1290.00) and can fall further to the key support level of 1281.25 (Murray [4/8]). The level of 1285.50 might offer intermediate halt during the plunge to the key level of 1281.25. A significant decrease is possible after the breakdown of the level 1281.25, which can develop to the level of 1273.44 (Murray [3/8]). If the “bulls” manage to raise the rate above the level of 1291.00, the correction can continue to the area of 1294.60-1296.88 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1281.25, 1273.44, 1265.63.
Resistance levels: 1289.06, 1296.88, 1304.69.

Trading recommendations

Long positions can be opened above the level of 1292.60 with the target at around 1296.88 and stop-loss 1291.00.
Short positions can be opened below the level of 1285.50 with the target at around 1281.25 and stop-loss 1286.50.

AUD/USD: technical analysis 05.04.2019

AUD/USD: technical analysis 05.04.2019

Current trend

On 4-hour chart, AUD/USD shows a positive dynamic. The instrument is now testing the resistance level of 0.7125 (Murray [4/8]). If the current trend maintains, the next target of buyers will be the area 0.7141 (Murray [4/8]) – 0.7171 (Murray [6/8]). Alternatively, pullback below 0.7110 (Murray [2/8]) could lead the price to the 0.7095 (Murray [1/8]) and 0.7080 (Murray [0/8]) level. The level of 0.7080 seem strong support as break of which can diver market to 0.7064 (Murray [-1/8]) – 0.7049 (Murray [-2/8]) support-levels. Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD is actively growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.7110, 0.7095, 0.7080, 0.7064, 0.7049.
Resistance levels: 0.7125, 0.7141, 0.7156, 0.7171.

Trading recommendations

Long positions can be opened above the level of 0.7125 with the target at around 0.7141-0.7171 and stop-loss 0.7108.
Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7064 and stop-loss 0.7125.

USD/CHF: technical analysis 04.04.2019

USD/CHF: technical analysis 04.04.2019

Current trend

On 4-hour chart, USD/CHF is trading in the side narrow channel with the borders 0.9960-0.9986, but the upward trend is still maintained, which is confirmed by technical indicators. The breakout of 0.9979 (Murray [6/8]) can accelerate the pair towards 0.9994 (Murray [7/8])-1.0009 (Murray [8/8]). The area of 1.0009 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 0.9974, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.9948 (Murray [4/8])-0.9933 (Murray [3/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current upward trend. Bollinger Bands are slightly leaned upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 0.9948, 0.9933, 0.9918, 0.9903.
Resistance levels: 0.9979, 0.9994, 1.0009, 1.0025.

Trading recommendations

Long positions can be opened above the level of 0.9979 with the target at around 0.9994-1.0009 and stop-loss 0.9965.
Short positions can be opened below the level of 0.9974 with the target at around 0.9948-0.9933 and stop-loss 0.9987.

USD/CAD: technical analysis 04.04.2019

USD/CAD: technical analysis 04.04.2019

Current trend

On 4-hour chart, the USD/CAD pair is trading above its middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next target of buyers will be the level of 1.3366 (Murray [6/8]), that could restrict further rise. If the “bulls” manage to raise the rate above the level of 1.3366, the rise can continue to the area of 1.3397 (Murray [7/8]), 1.3427 (Murray [8/8]). Alternatively, pullback below 1.3331 could lead the price to the levels of 1.3305 (Murray [4/8])-1.3275 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels:1.3336, 1.3305, 1.3275, 1.3244.
Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458.

Trading recommendations

Short positions can be opened below the level of 1.3336 with the target at around 1.3305-1.3275 and stop-loss 1.3354.
Long positions can be opened above the level of 1.3366 with the target at around 1.3397-1.3427 and stop-loss 1.3346.

EUR/USD: technical analysis 04.04.2019

EUR/USD: technical analysis 04.04.2019

Current trend

The EURUSD pair begins today’s trading with slight bullish bias due to low trading activity . The price went up above the level of 1.2305 (Murray [0/8]) and can grow further to the levels of 1.1261 (Murray [1/8]) and 1.1291 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.1222, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]). The level of 1.1169 can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Technical indicators reflect the moderate maintenance of the upward movement. Bollinger Bands are pointed downwards. Stochastic is directed upwards.MACD histogram is ready to enter the positive zone and form a buy signal.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169, 1.1140.
Resistance levels: 1.1261, 1.1291, 1.1322, 1.1352.

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 1.1291-1.1322 and stop-loss 1.1240.

GBP/USD: technical analysis 03.04.2019

GBP/USD: technical analysis 03.04.2019

Current trend

On the 4-hour chart, trading with bullish bias. The price went up above the level of 1.3122 (Murray [7/8]) and can grow further to the levels of 1.3183 (Murray [8/8]). The level of 1.3183 seem strong resistance as break of which can accelerate the pair towards 1.3244 (Murray [+1/8]). Alternatively, pullback below 1.3122 could lead the price to the 1.3061 (Murray [6/8]) level, which coincided with the middle line of Bollinger Bands. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000.
Resistance levels: 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3122 with the target at around 1.3183 and stop-loss 1.3100.

AUD/USD: technical analysis 03.04.2019

AUD/USD: technical analysis 03.04.2019

Current trend

On 4-hour chart, AUD/USD shows a positive dynamic. If the current trend maintains, the next target of buyers will be the area 0.7110 (Murray [2/8]) – 0.7141 (Murray [4/8]). There is a chance of an downward rebound from the level of 0.7141, while its breakout would allow the rise to continue. If the price is set below the level of 0.7095 (Murray [1/8]), the downward trend can restore, and the instrument can retest the resistance level of 0.7080 (Murray [0/8])-0.7064 (Murray [-1/8]). Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are pointed upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.7095, 0.7080, 0.7064, 0.7049.
Resistance levels: 0.7110, 0.7125, 0.7141, 0.7156.

Trading recommendations

Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7095.
Short positions can be opened below the level of 0.7095 with the target at around 0.7064-0.7049 and stop-loss 0.7110.

USD/JPY: technical analysis 03.04.2019

USD/JPY: technical analysis 03.04.2019

Current trend

USD/JPY continues to consolidate in the side channel with the borders 111.30-111.52 after a significant rise over the last week. The upward trend will be restored after the price is set above the level of 111.52, that holds the gate for its rise to 111.71 (Murray [6/8]) and then to the 112.10 (Murray [7/8]) resistance-line. Alternatively, pullback below 111.32 (Murray [5/8]) will push the price back to 110.93 (Murray [4/8]) support level. Technical indicators reflect the moderate maintenance of the upward dynamic. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is directed upwards.

Support and resistance

Support levels: 111.32, 110.93, 110.54, 110.15.
Resistance levels: 111.52, 111.71, 112.10, 112.50.

Trading recommendations

Long positions can be opened above the level of 111.52 with the target at around 111.71-12.10 and stop-loss 111.30.
Short positions can be opened below the level of 111.32 with the target at around 110.93-110.54 and stop-loss 111.55.

USD/CHF: technical analysis 02.04.2019

USD/CHF: technical analysis 02.04.2019

Current trend

On 4-hour chart, USD/CHF is correcting down from the uper line of the Bollinger Bands (0.9994). The key target of the correction is the level of 0.9964 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.9994 (Murray [7/8]). In this case, the levels of 1.0009 (Murray [8/8])-1.0040 (Murray [+2/8]) can be targeted if holding long positions. 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 actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.9979, 0.9948, 0.9918, 0.9887.
Resistance levels: 0.9994, 1.0009, 1.0040.

Trading recommendations

Long positions can be opened above the level of 0.9994 with the target at around 1.0009-1.0040 and stop-loss 0.9980.
Short positions can be opened below the level of 0.9979 with the target at around 0.9948-0.9918 and stop-loss 1.0000.