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Current trend

On the 4-hour chart, the price has tested the support level of 0.66393 and was corrected upwards, but the general downward trend maintains. If the "bulls" manage to raise the rate above the level of 0.66528, the correction can continue to the area of 0.66681, then 0.66833 resistance area. Judging by the upward reversal of the Stochastic, this option of price movement is possible during the short-term period.

Alternative scenario

The downward rebound from 0.66528 could lead the price back to 0.66376 level, which seems strong support. Though, sellers will look for successful trading below this mark to reach 0.66223-0.66000 area.

Technical indicators

Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.

Bollinger Bands are diverging on the background of bearish momentum.

MACD is growing in the negative zone.

Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation.

Support and resistance

Support levels: 0.66376, 0.66223, 0.66000.
Resistance levels: 0.66528, 0.66681, 0.66833.

Trading recommendations

Short positions can be opened below the level of 0.66376 with the target at around 0.66223-0.66000 and stop-loss at 0.66466.
Long positions can be opened above the level of 0.66528 with the target at around 0.66681-0.66833 and stop-loss at 0.66430.

Current trend

USD/JPY is in the stage of a downward correction after growing to the level of 111.584, but the general upward trend is still maintained. The pullback above 111.486 resistance will let the price re-test the yesterday' high surrounding 111.584 level. The breakout of this level will be a key trigger for bullish traders and give a prospect of growth to 111.719-112.109.

Alternative scenario

If the "bears" manage to decline the rate below the level of 111.106, the correction can continue to the area of 110.938-110.742.

Technical indicators

Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.

Bollinger Bands are diverging on the background of bullish momentum.

MACD is growing in a positive zone.

Stochastic is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction.

Support and resistance

Support levels: 111.328,111.106, 110.938, 110.742.
Resistance levels: 111.584, 111.719, 112.109.

Trading recommendations

Short positions can be opened below the level of 111.106 with the target at around 110.938-110.742 and stop-loss at 111.200.
Long positions can be opened above the level of 111.584 with the target at around 111.719-111.900 and stop-loss at 111.500.

Current trend

On the 4-hour chart, the instrument keeps a negative dynamic and trying to consolidate below the level of 1.29000. Assuming the pair’s ability to cross this mark, the level of 1.28784 can be targeted if holding short positions. The area of 1.28784-1.28713 seems a strong support area, which can activate an upward rebound. However, the decisive breakdown of 1.27813 is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.27479.

Alternative scenario

The upward rebound from 1.29089 and pullback above 1.29270 will be a signal of upward correction formation and let the price grow to 1.29395. This level will be a first strong resistance, which can prevent the price from growing. If the "bulls" manage to raise the rate above the level of 1.29300, the correction can continue to the area of 1.29700 resistance.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are diverging on the background of bearish momentum.

MACD is growing in the negative zone.

Stochastic’s lines are pointed are in the oversold zone and are pointed downwards.

Support and resistance

Support levels: 1.29089, 1.28784, 1.28713.
Resistance levels: 1.29395, 1.29700, 1.30005.

Trading recommendations

Short positions can be opened below the level of 1.29000 with the target at around 1.28784 and stop-loss at 1.29100.
Long positions can be opened above the level of 1.29395 with the target at around 1.29700 and stop-loss at 1.29300.

Current trend

USD/CHF continues to consolidate in the side channel 0.98248-0.98345 after significant growth over the last week. The breakout of the upper border is needed to indicate the upward trend resumption. In this case, the next target of buyers will be the level of 0.98572.

Alternative scenario

If the price cannot consolidate above the level of 0.98345 during the short-term period, the price can reverse and retest the support level of 0.98152, 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 0.97961-0.97849.

Technical indicators

Technical indicators reflect the moderate maintenance of the current upward trend.

Bollinger Bands are pointed upwards.

MACD is growing in a positive zone.

Stochastic is pointed upwards.

Support and resistance

Support levels: 0.98267, 0.98152, 0.97961, 0.97849.
Resistance levels: 0.98345, 0.98572, 0.98877.

Trading recommendations

Short positions can be opened below the level of 0.98152 with the target at around 0.97961-0.97900 and stop-loss at 0.98235.
Long positions can be opened above the level of 0.98345 with the target at around 0.98572 and stop-loss at 0.98269.

Current trend

On the 4-hour chart, the instrument keeps a negative dynamic. At the moment the price has met the support at the level of 1.32436. Assuming the pair’s ability to cross this level, the mark of 1.32294 can be targeted if holding short positions. The level of 1.32994 seems strong support, which can activate an upward rebound. However, the breakdown and sustained move below it will be a signal for downward trend resumption and let the price decline to the area of 1.32141.

Alternative scenario

The upward rebound from 1.32446 will let the price retest 1.32599 resistance. The breakout of this level will give a prospect of growth to the area of 1.32751 resistance, which can restrict further rise. Meanwhile, the breakout of this level can trigger a pair’s fresh run-up to one-week high around the 1.32904 resistance.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are pointed downwards.

MACD is growing in the negative zone.

Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.32436, 1.32294, 1.32141.
Resistance levels: 1.32599, 1.32751, 1.32904.

Trading recommendations

Short positions can be opened below the level of 1.32436 with the target at around 1.32294-1.32141 and stop-loss at 1.32532.
Long positions can be opened above the level of 1.32599 with the target at around 1.32751-1.32800 and stop-loss at 1.32630.

Current trend

EUR/USD price has tested the support level of 1.07883 and was slightly corrected upwards to the area of 1.08024, but the general downward trend maintains. The decisive breakdown of 1.07880 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the new low surrounding 1.07422 support.

Alternative scenario

If the "bulls" manage to raise the rate above the level of 1.08032, the correction can continue to the area of 1.08249, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption and give a prospect of the growth to the area of 1.08643 resistance.

Technical indicators

Technical indicators maintain a sell signal.

Bollinger Bands are diverging on the background of bearish momentum.

MACD is growing in the negative zone.

Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.07883, 1.07600, 1.07422.
Resistance levels: 1.08032, 1.08249, 1.08643.

Trading recommendations

Short positions can be opened below the level of 1.07883 with the target at around 1.07600 and stop-loss at 1.07977.
Long positions can be opened above the level of 1.08249 with the target at around 1.08500 and stop-loss at 1.08165.

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