XAU/USD: technical analysis 01.05.2019

XAU/USD: technical analysis 01.05.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a support in the region of 1277.34 (Murray [3/8]). Assuming the pair’s ability to cross 1277.34 mark, the level of 1273.44 can be targeted if holding short positions. Should prices continue slipping under 1273.44 level, the area of 1269.53 mark might try activating a upward rebound.Alternatively, break of 1281.25 (Murray [4/8]) can accelerate the pair towards 1285.16 (Murray [5/8]. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1277.34, 1273.44, 1269.53.
Resistance levels: 1281.25, 1285.16, 1289.06, 1292.97.

Trading recommendations

Long positions can be opened above the level of 1281.25 with the target at around 1285.16 and stop-loss 1280.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

EUR/USD: technical analysis 30.04.2019

EUR/USD: technical analysis 30.04.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price is approaching a strong resistance in the region of 1.1200 (Murray [3/8]). If the price is set above the level of 1.1200, the price will grow to the level of 1.1230 (Murray [4/8]) that holds the gate for its rise to 1.1261 (Murray [5/8]) resistance-line. Meanwile, any attempted recovery seems more likely to get sold into aggressively near the 1.1230-1.1260 region. Alternatively, pullbacks below 1.1169 could lead the price to the 1.1138 (Murray [2/8]) and 1.1108 (Murray [1/8]) level. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands diverge indicating the preservation of the upward tendency. MACD volumes are actively decreasing in the negative zone. Stochastic is in the overbought area and is pointed downwards, reflecting the possibility of the downward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.
Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1190.

USD/CAD: technical analysis 30.04.2019

USD/CAD: technical analysis 30.04.2019

Current trend

USD/CAD is in the stage of upward correction after falling to the level of 1.3439, but the downward trend is still maintained. The main target of the correction is the level of 1.3470, which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue. If the “bulls” manage to raise the rate above 1.3470 level, the correction can continue to the area of 1.3488 (Murray [6/8]), 1.3519 (Murray [7/8]). The downward trend will be restored after the price is set below the level of 1.3427 (Murray [4/8]). In this case, the next targets of sellers will be the level of 1.3397 (Murray [3/8]), 1.3366 (Murray [2/8]). Technical indicators mostly keep a buy signal. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards. Bollinger Bands are directed down.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3488 with the target at around 1.3519-1.3549 and stop-loss 1.3468.
Short positions can be opened below the level of 1.3427 with the target at around 1.3397- 1.3366 and stop-loss 1.3447.

USD/CHF: technical analysis 30.04.2019

USD/CHF: technical analysis 30.04.2019

Current trend

USD/CHF is trying to consolidate above the level of 1.0192 (Murray [6/8]), but the general downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 1.0199, the correction can continue to the area of 1.0212 (Murray [6/8]) – 1.0223 (Murray [7/8]). There is a chance of an downward rebound, while its breakout would allow the growth to continue. The downward trend will be restored after the price is set below the level of 1.0185. In this case, the next targets of sellers will be the levels of 1.0162 (Murray [5/8]) and 1.0131 (Murray [4/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. MACD volumes are decresing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.0192, 1.0162, 1.0131, 1.0101.
Resistance levels: 1.0223, 1.0253, 1.0284, 1.0310.

Trading recommendations

Long positions can be opened above the level of 1.0223 with the target at around 1.0253-1.0284 and stop-loss 1.0200.
Short positions can be opened below the level of 1.0185 with the target at around 1.0162-1.0131 and stop-loss 1.0205.

GBP/USD: technical analysis 29.04.2019

GBP/USD: technical analysis 29.04.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The instrument is now testing the resistance level of 1.2939 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.2939, the growth can continue to the area of 1.2970 (Murray [5/8]), 1.3000 (Murray [6/8]). If GBP/USD cannot consolidate above the level of 1.2939 ib short-term period, the downward trend restoration and retest of the level 1.2908 (Murray [3/8]) are possible. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.2878 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed sideways. Stochastic is is pointed upwards. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2939, 1.2970, 1.3000, 1.3031.

Trading recommendations

Short positions can be opened below the level of 1.2908 with the target at around 1.2878-1.2848 and stop-loss 1.2930.
Long positions can be opened above the level of 1.2939 with the target at around 1.2970-1.3000 and stop-loss 1.2920.

AUD/USD: technical analysis 29.04.2019

AUD/USD: technical analysis 29.04.2019

Current trend

AUD/USD price is moderately growing and is now testing the resistance level of 0.7057. If the current trend maintains, the next targets of buyers will be the level of 0.7080 (Murray [4/8]). The level of 0.7080 can restrict further rise as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 0.7080, the levels of 0.7110 (Murray [5/8]) and 0.7141 (Murray [6/8]) can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 0.7027, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.7019 (Murray [2/8])-0.6988 (Murray [1/8]). Technical indicators nostly reflect the maintenance of the current upward trend. MACD volumes are actively decreasing in the negative zone. Stochastic’s lines are pointed upwards. Bollinger Bands are converging.

Support and resistance

Support levels: 0.7049, 0.7019, 0.7002, 0.6988.
Resistance levels: 0.7080, 0.7110, 0.7141, 0.7171.

Trading recommendations

Short positions can be opened below the level of 0.7049 with the target at around 0.7019-0.7002 and stop-loss 0.7065.
Long positions can be opened above the level of 0.7080 with the target at around 0.7110-0.7141 and stop-loss 0.7060.

USD/JPY: technical analysis 29.04.2019

USD/JPY: technical analysis 29.04.2019

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias. The first target of the upward movement can be the level of 111.71 (Murray [4/8]), which almost corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 111.71, the correction can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Alternatively, breakdown of the level 111.52 (Murray [3/8]) will let the price to fall to the area of 111.32 (Murray [3/8])- 111.13 (Murray [2/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the general downward trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-111.13 and stop-loss 111.65.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.10 and stop-loss 111.58.

NZD/USD: technical analysis 26.04.2019

NZD/USD: technical analysis 26.04.2019

Current trend

On 4-hour chart, NZD/USD is in the stage of upward correction after falling to the level of 0.6579. The price went up above the the middle line of Bollinger Bands (0.6622 (Murray [1/8])) and can grow further to the levels of 0.6652 (Murray [2/8]) and 0.6683 (Murray [3/8]). Alternatively, breakdown of 0.6622 and holding below it will push the price back to 0.6591 (Murray [0/8]) level. The level of 0.6591 seem a tough support as break of which can diver market to 0.6561 (Murray [-1/8]) and the 0.6530 (Murray [-2/8]) support-zone. Technical indicators maintain a buy signal. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is directed upwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6652, 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be opened from the current level with the target at around 0.6652-0.6683 and stop-loss 0.6631.
Short positions can be opened below the level of 0.6622 with the target at around 0.6591-0.6561 and stop-loss 0.6640.

XAU/USD: technical analysis 26.04.2019

XAU/USD: technical analysis 26.04.2019

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. The instrument is now testing the resistance level of 1281.25 (Murray [4/8]), which seem a key level for the buyers in short-term period. The breakout of 1281.25 mark can accelerate the pair towards 1289.06 (Murray [5/8]). Failure to conquer the 1281.25 level seems fetching the XAU/USD to 1274.70 support, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1274.70. In this case the sellers will aim for the 1265.63 support-zone. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1273.44, 1265.63, 1257.81, 1250.00.
Resistance levels: 1281.25, 1289.06, 1296.88, 1304.69.

Trading recommendations

Long positions can be opened above the level of 1281.25 with the target at around 1289.06 and stop-loss 1279.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

EUR/USD: technical analysis 26.04.2019

EUR/USD: technical analysis 26.04.2019

Current trend

On the 4-hour chart, EUR/USD continues to consolidate in the side channel after a significant decline over the past two days. If the “bulls” manage to raise the rate above the level of 1.1138 (Murray [1/8]), the correction will continue to the area of 1.1169 (Murray [2/8]), 1.1200 (Murray [3/8]). The breakout of 1.1200 can accelerate the pair towards 1.1230 (Murray [4/8]) area, but three-days old resistance-line could restrict further rise. The downward trend will be restored after the price is set below the level of 1.1108 (Murray [0/8]), which seem a strong support as break of which can diver market to 1.1077 (Murray [-1/8]) and the 1.1047 (Murray [-2/8]) rest-points. The technical picture is mixed. Bollinger Bands are leaned downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1108, 1.1077, 1.1047.
Resistance levels: 1.1138, 1.1169, 1.1200.

Trading recommendations

Short positions can be opened below the level of 1.1108 with the target at around 1.1077-1.1047 and stop-loss 1.1130.
Long positions can be opened above the level of 1.1138 with the target at around 1.1169-1.1200 and stop-loss 1.1120.