NZD/USD: technical analysis 27.06.2019

NZD/USD: technical analysis 27.06.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. Now we can see a small downward correction, but the upward trend still maintains. The first target of the correction is the level of 0.6647, which corresponds to 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 level 0.6622 (Murray [5/8]). The upward trend will be restored after the price is set above the level of 0.6689. In this case the price may aim for the 0.6713 (Murray [8/8])-0.6744 (Murray [+1/8]) resistance-zone. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing 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: 0.6652, 0.6622, 0.6591.
Resistance levels: 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be above the level of 0.6689 with the target at around 0.6713-0.6744 and stop-loss 0.6671.
Short positions can be opened below the level of 0.6652 with the target at around 0.6622 and stop-loss 0.6662.

AUD/USD: technical analysis 27.06.2019

AUD/USD: technical analysis 27.06.2019

Current trend

On the 4-hour chart, the instrument is moderately growing along the upper line of the Bollinger Bands. Now the price is trying to consolidate above the level of 0.6988 (Murray [5/8]). If the current trend maintains, the next targets of buyers will be the level of 0.7019 (Murray [6/8]). There is a chance of an downward rebound, while its breakout could accelerate the pair towards the level of 0.7049 (Murray [7/8]). Alternatively, pullback below the level of 0.6985 will let the price to fall to the area of 0.6958 level (Murray [4/8]). One may speak about downward movement continuation after the price consolidates below the support level of 0.6958. In this case, the next targets of sellers will be the level of 0.6927 (Murray [3/8]). Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochacstic are pointed upwards. MACD is growing in the positive zone.

Support and resistance

Support levels: 0.6988, 0.6958, 0.6927.
Resistance levels: 0.7019, 0.7049, 0.7080.

Trading recommendations

Long positions can be opened above the level of 0.6998 with the target at around 0.7019-0.7049 and stop-loss 0.6986.
Short positions can be opened below the level of 0.6985 with the target at around 0.6958 and stop-loss 0.6995.

GBP/USD: technical analysis 26.06.2019

GBP/USD: technical analysis 26.06.2019

Current trend

On 4-hour chart, GBP/USD is trading in a bearish trend. The price went down below the level of 1.2695 (Murray [8/8]) and can fall further to the levels of 1.2634 (Murray [7/8]). Additionally, pair’s sustained trading below the level of 1.2634 could set the mark 1.2573 (Murray [6/8]) on sellers’ radar. Alternatively, pullback above the 1.2695 mark will let the price grow to 1.2517 level, which coincided with the middle line of Bollinger Bands. In case the pair manage to cross the 1.2717 hurdle, the buyers will aim for the 1.2756 resistance zone. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near this area. Technical indicators reflect the active maintenance of the current downward trend. Bollinger Bands are diverging. MACD volumes are actively decreasing in the positive zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1.2634, 1.2573, 1.2515.
Resistance levels: 1.2695, 1.2756, 1.2817.

Trading recommendations

Long positions can be opened above the level of 1.2717 with the target at around 1.2756 and stop-loss 1.2704.
Short positions can be opened below the level of 1.2671 with the target at around 1.2634 and stop-loss 1.2684.

USD/JPY: technical analysis 26.06.2019

USD/JPY: technical analysis 26.06.2019

Current trend

USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers will be the level of 107.61 (Murray [3/8]). The breakout of 107.61 level can accelerate the pair towards 107.81 level (Murray [4/8]), which seem a key level for the buyers in short term period. This level can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Additionally, pair’s sustained trading above the level of 107.81 can set the area of 108.00 on buyers’ radar. The downward trend will be restored after the price is set below the level of 107.22 (Murray [1/8]), which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 107.03 (Murray [0/8])-106.83 (Murray [-1/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands and Stochastic are pointed upwards. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 107.22, 107.03, 106.83.
Resistance levels: 107.42, 107.61, 107.81.

Trading recommendations

Short positions can be opened below the level of 107.22 with the target at around 107.03-106.83 and stop-loss 107.35.
Long positions can be opened above the level of 107.42 with the target at around 107.61-107.81 and stop-loss 107.29.

AUD/USD: technical analysis 26.06.2019

AUD/USD: technical analysis 26.06.2019

Current trend

On 4-hour chart, the AUD/USD pair continues to consolidate in the side channel with the borders 0.6940-0.6977. Now the price went up above the level of 0.6958 (Murray [8/8]) and can grow further to the levels of 0.6973 (Murray [+1/8]) and 0.6988 (Murray [+2/8]). There is a high probability of a course reversal from the level of 0.6988, while its breakout would allow the raise to continue to the area of level 0.7021. The downward trend will be restored after the price is set below the level of 0.6942 (Murray [7/8]), which is the middle line of Bollinger Bands. In this case the sellers will aim for the 0.6927 (Murray [6/8])-0.6912 (Murray [5/8]) support zone. Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochactic are pointed upwards. MACD is slowly growing in the positive zone.

Support and resistance

Support levels: 0.6958, 0.6942, 0.6927, 0.6897.
Resistance levels: 0.6973, 0.6988, 0.7021.

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 0.6977 with the target at around 0.6988-0.7021 and stop-loss 0.6962.

EUR/USD: technical analysis 25.06.2019

EUR/USD: technical analysis 25.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The lack of long-term corrections reflects the strength of the current trend. The price is approaching a resistance in the region of 1.1413 (Murray [6/8]). Assuming the pair’s ability to cross the level of 1.1413, the mark of 1.1444 (Murray [7/8])-1.1474 (Murray [8/8]) can be targeted if holding long positions. If EUR/USD cannot consolidate above the level of 1.1413 during short time period, the downward trend restoration and retest of the level 1.1352 (Murray [4/8]) are possible. This case scenario will be active after price is set below the level of 1.1383 (Murray [5/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD is growing in the positive zone. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1.1383, 1.1352, 1.1322, 1.1291.
Resistance levels: 1.1413, 1.1444, 1.1505, 1.1535.

Trading recommendations

Short positions can be opened below the level of 1.1383 with the target at around 1.1352 and stop-loss 1.1391.
Long positions can be opened above the level of 1.1413 with the target at around 1.1444 and stop-loss 1.1403.

USD/CAD: technical analysis 25.06.2019

USD/CAD: technical analysis 25.06.2019

Current trend

On 4-hour chart, the instrument is consolidating around the strong support level 1.3183 (Murray [0/8]), but the general downward still maintained. The downward trend will be restored after the price is set below the level of 1.3170. In this case, the next targets of sellers will be the level of 1.3153 (Murray [-1/8])-1.3122 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.3214 (Murray [1/8]), which corresponds to the middle line of Bollinger Bands, the correction can continue to the area of 1.3244 (Murray [2/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands are pointed sideways. MACD is slowly decreasing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 1.3183, 1.3153, 1.3122.
Resistance levels: 1.3214, 1.3244, 1.3275, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3170 with the target at around 1.3153-1.3122 and stop-loss 1.3186.
Long positions can be opened above the level of 1.3214 with the target at around 1.3244 and stop-loss 1.3204.

USD/CHF: technical analysis 25.06.2019

USD/CHF: technical analysis 25.06.2019

Current trend

On the 4-hour chart, USD/CHF is falling along the lower line of the Bollinger Bands. The upward correction is possibe in short term period, but the general downward trend still maintained. If the buyers manage to raise the rate above the level of 0.9720, the correction can continue to the area of 0.9765 (Murray [0/8]), which is the main target of correction movement. There is a high probability of a course reversal from the level of 0.9765, while its breakout will let the price grow to the are of 0.9826 (Murray [1/8]) level. The downward trend will be restored after the price is set below the level of 0.9704 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 0.9643 (Murray [-2/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.9704, 0.9643, 0.9600.
Resistance levels: 0.9765, 0.9826, 0.9887.

Trading recommendations

Long positions can be opened above the level of 0.9722 with the target at around 0.9765 and stop-loss 0.9707.
Short positions can be opened below the level of 0.9704 with the target at around 0.9643 and stop-loss 0.9724.

XAU/USD: technical analysis 24.06.2019

XAU/USD: technical analysis 24.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic, but reaching 1400.52 mark moved to a downward correction. The main target of the correction is the level of 1375.00 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1399.43 might offer intermediate halt during the plunge to 1375.00 mark. If the sellers manage to decline the rate below the level of 1399.43, the correction can continue to the area of 1390.63 (Murray [5/8]). The upward trend will be restored after the price is set above the level of 1411.10. In this case, the next targets of buyers will be the level of 1414.00. Technical indicators reflect the moderate maintenance of the upward trend. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1399.43, 1390.63, 1375.00.
Resistance levels: 1411.10, 1414.00, 1417.00.

Trading recommendations

Long positions can be opened above the level of 1411.10 with the target at around 1414.00 and stop-loss 1410.00.
Short positions can be opened below the level of 1399.43 with the target at around 1395.97 and stop-loss 1400.70.

NZD/USD: technical analysis 24.06.2019

NZD/USD: technical analysis 24.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.6591 (Murray [4/8]) and can grow further to the levels of 0.6622 (Murray [5/8]), that holds the gate for its rise to 0.6652 (Murray [6/8]) resistance-line. Alternatively, pullbacks below the level of 0.6591 could lead the price back to the 0.6561 (Murray [3/8]) level, 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 0.6530 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6622, 0.6652, 0.6683.

Trading recommendations

Short positions can be opened below the level of 0.6591 with the target at around 0.6561 and stop-loss 0.6601.
Long positions can be above the level of 0.6622 with the target at around 0.6652 and stop-loss 0.6612.