EUR/USD: technical analysis 01.08.2019

EUR/USD: technical analysis 01.08.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The instrument is now testing the support level of 1.10474 (Murray [2/8]). Assuming the pair’s ability to cross 1.10474 mark, the level of 1.10288-1.10168 can be targeted if holding short positions. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.10626, the correction can continue to the area of 1.10729-1.10931. Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.10474, 1.10288, 1.10168.
Resistance levels: 1.10626, 1.10729, 1.10931.

Trading recommendations

Short positions can be opened below the level of 1.10474 with the target at around 1.10288 and stop-loss 1.10536.
Long positions can be opened above the level of 1.10626 with the target at around 1.10729 and stop-loss 1.10591.

USD/CAD: technical analysis 31.07.2019

USD/CAD: technical analysis 31.07.2019

Current trend

On the 4-hour chart, the instrument is faliing along the lower line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.31226 (Murray [6/8]). This case scenario will be actual after price is set below the level of 1.31345. The level of 1.31226 seem a tough support, which can activate an upward rebound. Meanwhile, pair’s sustained trading below this level will let the price fall to the area of 1.31111-1.31009. If the “bulls” manage to raise the rate above the level of 1.31531 (Murray [7/8]), the correction can continue to the area of 1.31655, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the active maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are actively decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.31345, 1.31226, 1.31111, 1.31009.
Resistance levels: 1.31531, 1.31655, 1.31740, 1.31915.

Trading recommendations

Short positions can be opened below the level of 1.31345 with the target at around 1.31226 and stop-loss 1.31384.
Long positions can be opened above the level of 1.31531 with the target at around 1.31655 and stop-loss 1.31489.

NZD/USD: technical analysis 31.07.2019

NZD/USD: technical analysis 31.07.2019

Current trend

On the 4-hour chart, NZD/USD is falling along the lower line of the Bollinger Bands. The price has tested the support level of 0.65864 and was slightly corrected upwards, but the general downward trend maintains. The downward trend will be restored after the price is set below the level of 0.65864. In this case, the next target of sellers will be the level of 0.65613 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.66093, the correction can continue to the area of level 0.66223 (Murray [1/8]), which is the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the level of 0.66330-0.66528 (Murray [2/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 0.65918, 0.65864, 0.65613.
Resistance levels: 0.66093, 0.66223, 0.66330, 0.66528.

Trading recommendations

Short positions can be opened below the level of 0.65864 with the target at around 0.65613 and stop-loss 0.65947.
Long positions can be opened above the level of 0.66093 with the target at around 0.66223 and stop-loss 0.66049.

XAU/USD: technical analysis 31.07.2019

XAU/USD: technical analysis 31.07.2019

Current trend

XAU/USD is in the stage of downward correction after raising to the level of 1433.20. The instrument is now testing the support level of 1429.69 (Murray [7/8]). If the price is set below level of 1427.61, the downward correction can continue, and the instrument can test the support level of 1421.88 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 1433.20. In this case, the next targets of buyers will be the level of 1437.50 (Murray [8/8]). 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: 1429.69, 1427.61, 1424.61.
Resistance levels: 1433.20, 1437.50, 1441.70.

Trading recommendations

Short positions can be opened from the level of 1427.61 with the target at around 1424.61 and stop-loss 1428.61.
Long positions can be opened above the level of 1433.20 with the target at around 1437.50 and stop-loss 1432.20.

AUD/USD: technical analysis 30.07.2019

AUD/USD: technical analysis 30.07.2019

Current trend

AUD/USD pair continues to consolidate in the side channel after a significant decline over the past week. The price is now testing the support level of 0.68970 (Murray [2/8]). The downward trend will be restored after the price is set below this level. In this case, the next targets of sellers will be the level of 0.68833-0.68665. If the price cannot consolidate below the level of 0.68970 during short term period, the price can reverse and retest the resistance level of 0.69275 (Murray [3/8]), which corresponds to the middle line of Bollinger Bands. The breakout and pair’s sustained trading above the level 0.69275 will let the price grow to the area of 0.69448-0.69580 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are pointed downwards. The volumes of MACD histogram are decreasing in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 0.68970, 0.68665, 0.68359.
Resistance levels: 0.69100, 0.69275, 0.69448.

Trading recommendations

Short positions can be opened below the level of 0.68970 with the target at around 0.68833 and stop-loss 0.69015.
Long positions can be opened above the level of 0.69275 with the target at around 0.69448 and stop-loss 0.69217.

USD/JPY: technical analysis 30.07.2019

USD/JPY: technical analysis 30.07.2019

Current trend

The USD/JPY pair begins today’s trading with slight bearish bias on the background of downward correction. The instrument is now testing the support level of 108.594 (Murray [8/8]), 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 108.398 (Murray [7/8]). If the “bulls” manage to raise the rate above the level of 108.789 (Murray [+1/8]), the correction can continue to the area of 108.984 (Murray [+2/8]). The level of 108.984 seem tough resistance which can activete the downward rebound. Assuming the pair’s ability to cross 108.984 mark, the level of 109.460 can be targeted if holding long positions. Technical indicators mostly reflect the moderate maintenance of the current downward trend. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are converging on the background of bearish momentum.

Support and resistance

Support levels: 108.594, 108.398, 108.200.
Resistance levels: 108.789, 108.984, 109.460.

Trading recommendations

Long positions can be opened above the level of 108.789 with the target at around 108.984 and stop-loss 108.724.
Short positions can be opened below the level of 108.594 with the target at around 108.398 and stop-loss 108.659.

GBP/USD: technical analysis 30.07.2019

GBP/USD: technical analysis 30.07.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went down belwo the level of 1.21460 (Murray [-1/8]) and can fall further to the levels of 1.21200 and 1.20850 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.21460, the correction can continue to the area of 1.21800, 1.22070 (Murray [4/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are in the oversold zone and are pointed sideways.

Support and resistance

Support levels: 1.21200, 1.20850.
Resistance levels: 1.21460, 1.21800, 1.22070.

Trading recommendations

Short positions can be opened below the level of 1.21200 with the target at around 1.20850 and stop-loss 1.21300.
Long positions can be opened above the level of 1.21460 with the target at around 1.21800 and stop-loss 1.21346.

USD/CHF: technical analysis 29.07.2019

USD/CHF: technical analysis 29.07.2019

Current trend

USD/CHF is in the stage of downward correction after raising to the level of 0.99487, but the general upward trend is still maintained. The breakout of the level 0.99335 can accelerate the pair towards 0.99487 (Murray [8/8]). The level of 0.99487 seem a strong resistance level that can prevent the instrument form growing, as the possibility of the reverse of the price is high there. In case the pair manage to cross this level, the next targets of buyers will be the level of 0.99640 (Murray [+1/8]). If the sellers manage to decline the rate below the level of 0.99182 level, the correction can continue to the area of 0.99030 (Murray [5/8]) level. 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’s lines are pointed downwards,reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.99182, 0.99030, 0.98877.
Resistance levels: 0.99335, 0.99487, 0.99640.

Trading recommendations

Long positions can be opened above the level of 0.99335 with the target at around 0.99487 and stop-loss 0.99284.
Short positions can be opened below the level of 0.99182 with the target at around 0.99030 and stop-loss 0.99232.

USD/CAD: technical analysis 29.07.2019

USD/CAD: technical analysis 29.07.2019

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias in the background of upward correction. If the current trend maintains, the next targets of buyers will be the level of 1.31836 (Murray [8/8]), that can prevent the instrument form growing, as the possibility of the reverse of the price is high there. The upward trend will continue after the price is set above the resistance level of 1.31987. In this case the price may aim for the 1.32141 (Murray [+1/8]) resistance-zone. Alternative scenario. Pullback and pair’s sustained trading below the middle line of Bollinger Bands (1.31531) will let USD/CAD fall to the area of 1.31325 – 1.31226 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.31531, 1.31325, 1.31226
Resistance levels: 1.31836, 1.31987, 1.32141.

Trading recommendations

Long positions can be opened above the level of 1.31987 with the target at around 1.32141 and stop-loss 1.31935.
Short positions can be opened below the level of 1.31531 with the target at around 1.31325 and stop-loss 1.31599.

EUR/USD: technical analysis 29.07.2019

EUR/USD: technical analysis 29.07.2019

Current trend

On the 4-hour chart, EUR/USD is trading below the middle line of Bollinger Bands, suggesting bearish momentum. In order to continue the downward movement EUR/USD should cross the 1.11254 support level. In this case, the next targets of sellers will be the level of 1.11084 (Murray [4/8]), which seem a key level for the sellers in short term period. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue. If the “bulls” manage to raise the rate above the level of 1.11389 (middle line of Bollinger Bands) the correction can continue to the area of 1.11540, that holds the gate for its rise to 1.11694 (Murray [6/8]) resistance line. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.11254, 1.11084, 1.10779.
Resistance levels: 1.11389, 1.11540, 1.11694.

Trading recommendations

Short positions can be opened below the level of 1.11254 with the target at around 1.11084 and stop-loss 1.11310.
Long positions can be opened above the level of 1.11389 with the target at around 1.11540 and stop-loss 1.11338.