GBP/USD: technical analysis 18.06.2019

GBP/USD: technical analysis 18.06.2019

Current trend

The price has tested the support level of 1.2512 (Murray [5/8]) and was slightly corrected upwards, but the general downward trend maintains. A significant decrease is possible after the breakdown of the level 1.2512. In this case, the next targets of sellers will be the level of 1.2451 (Murray [4/8]). The level of 1.2451 seem a key level for the sellers in short term period. There is a high chance of a upward reverse. If the “bulls” manage to raise the rate above the level of 1.2573 (Murray [6/8]), the correction can continue to the area of 1.2634 (Murray [7/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD volumes are in the negative zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 1.2512, 1.2451, 1.2390.
Resistance levels: 1.2573, 1.2634, 1.2695.

Trading recommendations

Short positions can be opened below the level of 1.2512 with the target at around 1.2451 and stop-loss 1.2532.
Long positions can be opened above the level of 1.2573 with the target at around 1.2634 and stop-loss 1.2553.

USD/JPY: technical analysis 18.06.2019

USD/JPY: technical analysis 18.06.2019

Current trend

The USD/JPY pair begins today’s trading with bearish bias. Now the price is approaching a support in the region of 108.20 (Murray [2/8]). Assuming the pair’s ability to cross the mark of 108.20, the levels 108.00 (Murray [1/8])-107.81 (Murray [0/8]) can be targeted if holding short positions. The upward trend will be restored after the price is set above the level of 108.44, which is the middle line of Bollinger Bands. In this case the buyers will aim for the 108.59 (Murray [4/8])-108.78 (Murray [5/8]) resistance-zone. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold area and is pointed downwards.

Support and resistance

Support levels: 108.20, 108.00, 107.81.
Resistance levels: 108.39, 108.59, 108.78.

Trading recommendations

Short positions can be opened below the level of 108.20 with the target at around 108.00-107.81 and stop-loss 108.33.
Long positions can be opened above the level of 108.44 with the target at around 108.59-108.78 and stop-loss 108.22.

AUD/USD: technical analysis 18.06.2019

AUD/USD: technical analysis 18.06.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 0.6835 (Murray [0/8]). The breakdown and consolidation of the price below the level of 0.6835 will let AUD/USD reach the level of 0.6805 (Murray [-1/8])-0.6774 (Murray [-2/8]). Alternatively, pullback above the level of 0.6879 could lead the price to the 0.6897 (Murray [2/8]) and 0.6927 (Murray [3/8]) level. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 0.6879 region. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. 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 sideways.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774.
Resistance levels: 0.6866, 0.6897, 0.6927.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805 and stop-loss 0.6845.
Long positions can be opened above the level of 0.6879 with the target at around 0.6897-0.6927 and stop-loss 0.6842.

EUR/USD: technical analysis 17.06.2019

EUR/USD: technical analysis 17.06.2019

Current trend

The price has tested the support level of 1.1201 and was slightly corrected upwards, but the general downward trend maintains. The breakdown and pair’s sustained trading below the the level 1.1200 (Murray [3/8]) will let the price fall to the level of 1.1169 (Murray [2/8]). Alternatively, pullback above the level of 1.1230 (Murray [4/8]) can accelerate the pair towards 1.1261 (Murray [5/8]), which is the main target of upward correction. 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. However, as the Stochastic is in the overbought area, and the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 1.1200 with the target at around 1.1169 and stop-loss 1.1210.
Long positions can be opened above the level of 1.1230 with the target at around 1.1261 and stop-loss 1.1220.

USD/CAD: technical analysis 17.06.2019

USD/CAD: technical analysis 17.06.2019

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 is still maintained. One may speak about upward movement continuation after the price consolidates above the strong resistance level of 1.3427 (Murray [4/8]). In this case, the next targets of buyers will be the level of 1.3488 (Murray [5/8]). Failure to conquer the level of 1.3427 during short term period seems fetching the USD/CAD to 1.3366 (Murray [4/8]) support. Technical indicators reflect the maintenance of the upward potential, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 1.3366, 1.3305, 1.3244.
Resistance levels: 1.3427, 1.3488, 1.3549.

Trading recommendations

Short positions can be opened below the level of 1.3366 with the target at around 1.3305 and stop-loss 1.3386.
Long positions can be opened above the level of 1.3427 with the target at around 1.3488 and stop-loss 1.3407.

USD/CHF: technical analysis 17.06.2019

USD / CHF: analisis teknikal 17.06.2019

Trend semasa

Pada carta 4-jam, instrumen ini berkembang dengan sederhana di sepanjang garis atas Bollinger Bands. Harga sedang menghampiri rintangan yang kuat di rantau 1.0009 (Murray [8/8]). Terdapat peluang untuk melantun ke atas, sementara pelariannya akan membolehkan kenaikan itu terus ke kawasan 1.0040 (Murray [+1/8]). Jika “bears” berjaya menurunkan kadar di bawah tahap 0.9979, pembetulan boleh terus ke kawasan 0.9948 (Murray [6/8]), yang bertepatan dengan garis tengah Bollinger Bands. Petunjuk teknikal mencerminkan penyelenggaraan potensi menaik, tetapi pembetulan menurun mungkin dalam jangka pendek. Bollinger Band menunjuk ke atas. MACD perlahan berkembang di zon positif. Stochastic berada dalam zon terlebih beli dan menunjuk ke sisi.

Sokongan dan rintangan

Tahap sokongan: 0.9979, 0.9948, 0.9918.
Tahap rintangan: 1.0009, 1.0040, 1.0070.

Cadangan dagangan

Posisi beli boleh dibuka di atas tahap 1.0009 dengan sasaran sekitar 1.0040 dan stop loss 1.0000.
Posisi jual boleh dibuka di bawah tahap 0.9979 dengan sasaran sekitar 0.9948 dan stop loss 0.9989.

NZD/USD: technical analysis 14.06.2019

NZD/USD: technical analysis 14.06.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The instrument is now testing the support level of 0.6530 (Murray [2/8]). If the current trend maintains, the next targets of sellers will be the level of 0.6500 (Murray [1/8]). The level of 0.6500 seem tough support as break of which can diver market to 0.6469 (Murray [0/8]) support zone. Alternatively, pullback above the 0.6543 level will let the price to grow to the area of 0.6561 (Murray [3/8])-0.6570 (middle line of Bollinger Bands). The upward trend will be restored after the price is set above the level of 0.6561. In this case, the buyers sellers will aim for the level of 0.6591 (Murray [4/8]) resistance zone. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. 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: 0.6530, 0.6500, 0.6469.
Resistance levels: 0.6561, 0.6591, 0.6622.

Trading recommendations

Short positions can be opened below the level of 0.6530 with the target at around 0.6500 and stop-loss 0.6540.
Long positions can be above the level of 0.6561 with the target at around 0.6591 and stop-loss 0.6551.

XAU/USD: technical analysis 14.06.2019

XAU/USD: technical analysis 14.06.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. Now the price trying to consolidate above the strong resistance level of 1343.75 (Murray [8/8]). If the current trend maintains, the next targets of buyers will be the level of 1351.56 (Murray [+1/8]). If the “bears” manage to decline the rate below the level of 1343.75, the correction can continue to the area of 1335.94 (Murray [7/8]). Technical indicators reflect the maintenance of the current upward dynamics. Bollinger Bands are diverging. MACD is actively growing in the positive zone. Stochastic is in overbought zone and is pointed sideways.

Support and resistance

Support levels: 1343.75, 1335.94, 1328.13.
Resistance levels: 1351.56, 1359.38, 1365.27.

Trading recommendations

Long positions can be opened above the level of 1347.83 with the target at around 1351.56 and stop-loss 1350.20.
Short positions can be opened below the level of 1343.00 with the target at around 1335.94 and stop-loss 1345.00.

EUR/USD: technical analysis 14.06.2019

EUR/USD: technical analysis 14.06.2019

Current trend

On the 4-hour chart, EUR/USD is falling along the lower line of the Bollinger Bands. The price is approaching a support in the region of 1.1261 (Murray [5/8]). Assuming the pair’s ability to cross 1.1261 mark, the level of 1.1230 (Murray [4/8]) can be targeted if holding short positions. The level of 1.1230 seem a key level for the sellert in short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.1200 (Murray [3/8]). If the “bulls” manage to raise the rate above the level of 1.1291 (Murray [6/8]), the correction can continue to the area of 1.1322 (Murray [7/8]). Technical indicators mostly keep 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: 1.1261, 1.1230, 1.1200, 1.1169.
Resistance levels: 1.1291, 1.1322, 1.1352, 1.1383.

Trading recommendations

Short positions can be opened below the level of 1.1261 with the target at around 1.1230 and stop-loss 1.1271.
Long positions can be opened above the level of 1.1291 with the target at around 1.1322 and stop-loss 1.1281.

GBP/USD: technical analysis 13.06.2019

GBP/USD: technical analysis 13.06.2019

Current trend

The price has tested the support level of 1.2682 (Murray [3/8]) and was slightly corrected upwards, but the downward trend maintains. The downward trend will be restored after the price is set below the level of 1.2682. In this case, the next targets of sellers will be the level of 1.2664 (Murray [3/8]). There is a chance of an upward rebound from the level of 1.2664, while its breakdown would allow the fall to continue to the area of 1.2634 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 1.2701 (middle line of Bollinger Bands), the correction can continue to the area of 1.2725(Murray [5/8])-1.2756 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is ready to enter the positive zone and form a sell signal.

Support and resistance

Support levels: 1.2664, 1.2634, 1.2603.
Resistance levels: 1.2695, 1.2725, 1.2756.

Trading recommendations

Short positions can be opened below the level of 1.2682 with the target at around 1.2664-1.2634 and stop-loss 1.2698.
Long positions can be opened above the level of 1.2701 with the target at around 1.2725-1.2756 and stop-loss 1.2683.