AUD/USD: technical analysis 06.09.2019

AUD/USD: technical analysis 06.09.2019

Current trend

AUD/USD quotes attempted to fall, but reaching 0.68066 mark moved to a moderate growth. The instrument is now testing the resistance level of 0.68207 (Murray [7/8]). Assuming the pair’s ability to cross this level, the mark of 0.68359 (Murray [8/8]) can be targeted if holding long positions. Should prices continue raising above 0.68359 mark, the level of 0.68512 might try activating a downard rebound. The downward trend will be restored after the price is set below the level of 0.68054 (Murray [6/8]). In this case, the next targets of sellers will be the level of 0.67902 (Murray [5/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.68054, 0.67902, 0.67749.
Resistance levels: 0.68207, 0.68359, 0.68512.

Trading recommendations

Long positions can be opened above the level of 0.68207 with the target at around 0.68359-0.68512 and stop-loss 0.68105.
Short positions can be opened below the level of 0.68054 with the target at around 0.67902-0.67749 and stop-loss 0.68155.

USD/JPY: technical analysis 06.09.2019

USD/JPY: technical analysis 06.09.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 107.097. This level seem a strong resistance in short term period. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area 107.227-107.422 (Murray [7/8]). If the sellers manage to decline the rate below the level of 106.913, the downward correction can continue to the area of 106.641 (Murray [5/8]). The level of 106.641 holds the gate for its falling to level 106.400 which seem a key correction level (the middle line of Bollinger Bands). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 106.913, 106.641, 106.400
Resistance levels: 107.097, 107.227, 107.422.

Trading recommendations

Short positions can be opened below the level of 106.913 with the target at around 106.641 and stop-loss 107.003.
Long positions can be opened above the level of 107.097 with the target at around 107.227-107.422 and stop-loss 106.988.

GBP/USD: technical analysis 06.09.2019

GBP/USD: technical analysis 06.09.2019

Current trend

GBP/USD ontinues to consolidate around the resistance level of 1.23291 after a significant raise over the past two days. If the “bulls” manage to raise the rate above the level of 1.23291, the upward movemevnt can continue to the area of 1.23531-1.23900. Pullback and pair’s sustained trading below the level of 1.23137 could set the level of 1.22681 as next sellers target. In case the pair manage to cross the 1.22681 marke the sellers will aim for the 1.22318 support zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. 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: 1.23137, 1.22681, 1.22318.
Resistance levels: 1.23291, 1.23531, 1.23900.

Trading recommendations

Short positions can be opened below the level of 1.23137 with the target at around 1.22681 and stop-loss 1.23289.
Long positions can be opened above the level of 1.23291 with the target at around 1.23531-1.23900 and stop-loss 1.23088.

USD/CHF: technical analysis 05.09.2019

USD/CHF: technical analysis 05.09.2019

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The price went up above the resistance level of 0.98267 (Murray [2/8]) and can grow further to the levels of 0.98572 (Murray [3/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.98734 (middle line of Bollinger Bands). Pullbacks below 0.98267 mark could lead the price to the 0.97995 support level. The downward trend will be restored after the price is set below the level of 0.97961 (Murray [1/8]). In this case, the next targets of sellers will be the level of 0.97775-0.97656 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the current upward сorrection. Bollinger Bands are diverging on the background of bullish momentum. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 0.98267, 0.97961, 0.97656.
Resistance levels: 0.98572, 0.98734, 0.98877.

Trading recommendations

Long positions can be opened above the level of 0.98426 with the target at around 0.98572-0.98734 and stop-loss 0.98323.
Short positions can be opened below the level of 0.98267 with the target at around 0.97961 and stop-loss 0.98369.

USD/CAD: technical analysis 05.09.2019

USD/CAD: technical analysis 05.09.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price is approaching a strong support in the region of 1.32141 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would let the price the fall to the level of 1.32024-1.31923. Pullback above the level of 1.32294 (Murray [-1/8]) will let the price to grow to the area of 1.32446 (Murray [0/8]), that seem a strong resistance area. Meanwhile, pair’s sustained trading above the level of 1.32446 could set the level of 1.32599 (Murray [1/8]) on buyers’ radar. Technical indicators reflect the maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. 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: 1.32141, 1.32024, 1.31923.
Resistance levels: 1.32294, 1.32446, 1.32599.

Trading recommendations

Long positions can be opened above the level of 1.32294 with the target at around 1.32446-1.32599 and stop-loss 1.32192.
Short positions can be opened below the level of 1.32141 with the target at around 1.32024-1.31923 and stop-loss 1.32213.

EUR/USD: analisis teknis 05.09.2019

EUR/USD: technical analysis 05.09.2019

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.10389. If the sellers manage to decline the rate below the level of 1.10168, the correction can continue to the area of 1.09863 (Murray [4/8]), which is the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the resistance level of 1.10474 (Murray [6/8]). In this case, the next targets of buyers will be the level of 1.10779 (Murray [7/8]). 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 volumes are decreasing in the negative zone. Stochastic is in the oversold zone and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.10168, 1.09863, 1.09558.
Resistance levels: 1.10474, 1.10779, 1.11084.

Trading recommendations

Short positions can be opened below the level of 1.10168 with the target at around 1.09863 and stop-loss 1.10268.
Long positions can be opened above the level of 1.10474 with the target at around 1.10779 and stop-loss 1.10374.

USD/CAD: technical analysis 04.09.2019

USD/CAD: technical analysis 04.09.2019

Current trend

The USD/CAD pair begins today’s trading with slight bearish bias. The price is approaching a support in the region of 1.33209 (Murray [5/8]), which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross 1.33209 hurdle, the level of 1.33057 (Murray [4/8]) can be targeted if holding short positions. The level of 1.33057 seem a strong support level.There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.32904 (Murray [3/8]).
Alternative scenario.
If the “bulls” manage to raise the rate above the level of 1.33514 (Murray [7/8]), the raise can continue to the area of 1.33667 (Murray [8/8]), that holds the gate for its rise to 1.33820 (Murray [+1/8]) resistance-line. Technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochasticis in the oversold area and is pointed downwards.

Support and resistance

Support levels: 1.33209, 1.33057, 1.32904.
Resistance levels: 1.33362, 1.33514, 1.33667, 1.33820.

Trading recommendations

Long positions can be opened above the level of 1.33514 with the target at around 1.33667-1.33820 and stop-loss 1.33412.
Short positions can be opened below the level of 1.33209 with the target at around 1.33057-1.32904 and stop-loss 1.33310.

XAU/USD: technical analysis 04.09.2019

XAU/USD: technical analysis 04.09.2019

Current trend

XAU/USD is in the stage of downward correction after raising to the level of 1550.01. At the moment the price has met the support at the level of 1540.05. The breakout and consolidation of the price below this level will let XAU/USD reach the level of 1536.71-1531.25 (Murray [4/8]). The level of 1531.25 seem a key level for the sellers in short term period. There is a high chance of an upward rebound. One may speak about downward movement continuation after the price consolidates above the resistance level of 1546.88 (Murray [6/8]). In this case, the next targets of buyers will be the level of 1550.01. Assuming the pair’s ability to cross 1550.01 mark, the level of 1554.69 can be targeted if holding long positions. Technical picture is mixed. Bollinger Bands are diverging on the background of general upward trend. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1539.06, 1536.71, 1531.25.
Resistance levels: 1546.88, 1550.01, 1554.69.

Trading recommendations

Short positions can be opened below the level of 1539.06 with the target at around 1536.71 and stop-loss 1540.70.
Long positions can be opened above the level of 1546.88 with the target at around 1550.01 and stop-loss 1545.80.

NZD/USD: technical analysis 04.09.2019

NZD/USD: technical analysis 04.09.2019

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 0.63477 (Murray [4/8]), which seem a key level in short term period. The upward trend will be restored after the price is set above this level. In this case, the next targets of buyers will be the level of 0.63660-0.63782.
Alternative scenario. Pullbacks below 0.63280 and pair’s sustained trading below this level will let NZD/USD fall to the level of 0.63171 (Murray [3/8]). Should prices continue slipping under 0.63171, the mark of 0.63040 (coincided with the middle line of Bollinger Bands) might try activating a upward rebound. 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 volumes are decreasing in the negative zone. Stochastic is in the oversbought area and is pointed sideways.

Support and resistance

Support levels: 0.63280, 0.63171, 0.63040.
Resistance levels: 0.63477, 0.63660, 0.63782.

Trading recommendations

Long positions can be opened above the level of 0.63477 with the target at around 0.63660-0.63782 and stop-loss 0.63375.
Short positions can be opened below the level of 0.63280 with the target at around 0.63171-0.63040 and stop-loss 0.63360.

AUD/USD: technical analysis 03.09.2019

AUD/USD: technical analysis 03.09.2019

Current trend

On 4-hour chart, AUD/USD is in the stage of upward correction after falling to the level of 0.66871. The key target of the correction is the level of 0.67222, which corresponds to the middle line of Bollinger Bands. Meanwhile the level of 0.67139 (Murray [0/8]) might offer intermediate halt during the raise to corrections target. If AUD/USD cannot consolidate above the level of 0.67139 during short term period, the downward trend restoration and retest of the level 0.66986 (Murray [-1/8]), 0.66871 are possible. The upward trend will be restored after the price is set above the level of 0.67222. In this case, the buyers will aim for the the level of 0.67291 (Murray [1/8])-0.67444 (Murray [2/8]) resistance zone. Technical indicators mostly keep a sell signal, but the upward correction is possible in the 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 pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.67059, 0.66986, 0.66833.
Resistance levels: 0.67139, 0.67222, 0.67444.

Trading recommendations

Long positions can be opened above the level of 0.67139 with the target at around 0.67222-0.67444 and stop-loss 0.67037.
Short positions can be opened below the level of 0.67059 with the target at around 0.66833 and stop-loss 0.67134.