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Current trend

USD/CHF continues to consolidate in the side channel around the middle line of Bollinger Bands. If the "bulls" manage to raise the rate above the reistance level of 0.99182 (Murray [5/8]) the correction can continue to the area of 0.99319, that holds the gate for its rise to 0.99487 (Murray [6/8]) resistance line. If USD/CHF cannot consolidate above the level of 0.99182 during short term period, the downward movement restoration and retest of the level 0.98967-0.98877 (Murray [4/8]) are possible. The downward trend will be restored after the price is set below the level of 0.98877. In this case, the next targets of sellers will be the area of 0.98695-0.98572 (Murray [3/8]).
The technical picture is mixed. Bollinger Bands are converging on the background of sideway dynamic. MACD volumes are slowly decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.98967, 0.98877, 0.98572.
Resistance levels: 0.99182, 0.99319, 0.99487.

Trading recommendations

Short positions can be opened above the level of 0.98967 with the target at around 0.98877-0.98572 and stop-loss 0.99098.
Long positions can be opened above the level of 0.99182, with the target at around 0.99319-0.99487 and stop-loss 0.99080.

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price is now approaching a support in the region of 1.32294. Assuming the pair’s ability to cross 1.32294 mark, the level of 1.32141 can be targeted if holding short positions. Pullback and pair’s sustained trading above the level of 1.32446 could set 1.32560 mark (the middle line of Bollinger bands) on buyers’ radar. The area of 1.32560-1.32599 seem a strong level, which can activate an downward rebound. Meanwhile, break of 1.32599 mark can accelerate the pair towards 1.32751 (Murray [6/8]). 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 histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 1.32294, 1.32141, 1.31989.
Resistance levels: 1.32446, 1.32599, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32599-1.32751 and stop-loss 1.32344.
Short positions can be opened below the level of 1.32294 with the target at around 1.32141-1.31989 and stop-loss 1.32395.

Current trend

The EURUSD pair begins today’s trading with slight bearish bias due to downward correction. In order to continue such dynamic the pair must consolidate below the level of 1.09253 (Murray [2/8]). In this case, the next targets of sellers will be the level of 1.09045. The level of 1.09045 seem a key level for the sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.08726.
Alternative scenario. If the "bulls" manage to raise the rate above the level of 1.09473, the correction can continue to the area of 1.09558 (Murray [3/8])-1.09670. The upward trend will be restored after the price is set above the level of 1.09670. In this case the buyers will aim for the 1.09863 (Murray [4/8]) resistance zone. Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. Stochastic’s lines are pointed downwards. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 1.09253, 1.09045, 1.08726.
Resistance levels: 1.09558, 1.09670, 1.09863.

Trading recommendations

Short positions can be opened below the level of 1.09253 with the target at around 1.09045 and stop-loss 1.09318.
Long positions can be opened above the level of 1.09558 with the target at around 1.09670-1.09863 and stop-loss 1.09456.

Current trend

On 4-hour chart, the instrument shows a positive dynamic. If the current trend maintains the next targets of buyers will be the level of 0.99487 (Murray [6/8]). The level of 0.99487 seem a strong resistance, that can prevent the instrument from growing. Meanwhile, the breakout and pair’s sustained trading above this level will let the price rich 0.99574-0.99792 (Murray [7/8]). If USD/CHF cannot consolidate above the level of 0.99487 during short term period, the downward movement restoration and retest of the level 0.99182 (Murray [5/8]) are possible. The breakdown of the level 0.99182 will let USD/CHF fall to the level of 0.99035, which is the middle line of Bollinger Bands. Technical indicators reflect the maintenance of the current upward trend. Bollinger Bands are diverging on the background of bullish momentum. MACD is actively growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.99319, 0.99182, 0.99035.
Resistance levels: 0.99487, 0.99574, 0.99792.

Trading recommendations

Short positions can be opened below the level of 0.99319 with the target at around 0.99182-0.99035 and stop-loss 0.99413.
Long positions can be opened above the level of 0.99487 with the target at around 0.99574-0.99792 and stop-loss 0.99385.

Current trend

NZD/USD quoted today continues to consolidate in the side channel 0.62818-0.63010. If the sellers manage to decline the rate below the level of 0.62866, the downward dynamic can continue to the area of 0.62711-0.62627. Should prices continue slipping under 0.62627 mark, the level of 0.62561 (Murray [1/8]) might try activating a U-turn. The upward trend will be restored after the price is set above the level of 0.63015, which is the middle line of Bollinger Bands. In this case, the buyers will aim for the 0.63171 (Murray [3/8])-0.63268 resistanze zone. Technical indicators mostly reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic’s lines are pointed downwards and are reaching the oversold area, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.62866, 0.62711, 0.62561.
Resistance levels: 0.63015, 0.63171, 0.63268.

Trading recommendations

Short positions can be opened below the level of 0.62866 with the target at around 0.62711-0.62561 and stop-loss 0.62967.
Long positions can be opened above the level of 0.63015 with the target at around 0.63171-0.63268 and stop-loss 0.62930.

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1507.81 (Murray [3/8]). Assuming the pair’s ability to cross 1507.81 mark, the level of 1512.27 can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 1500.00 (Murray [4/8]), whica is the key level for the sellers in short term period. In this case, the next targets of sellers will be the level of 1495.18-1492.19 (Murray [3/8]). 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 pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1503.60, 1500.00, 1495.18, 1492.19.
Resistance levels: 1507.81, 1512.27, 1515.63.

Trading recommendations

Short positions can be opened below the level of 1500.00 with the target at around 1495.18-1492.19 and stop-loss 1502.30.
Long positions can be opened above the level of 1507.81 with the target at around 1512.27 and stop-loss 1506.50.

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