USD/CAD: technical analysis 22.02.2019

Current trend

On 4-hour chart, USD/CAD is trading in a bullish trend above the middle line of Bollinger Bands. The price is approaching a resistance level in the region of 1.3244 (Murray [2/8]). The breakout of the level 1.3244 will let the price grow to the level of 1.3275 (Murray [3/8])- 1.3305 (Murray [4/8]). However, overbought RSI barrier could prevent the pair’s upside. Failure to conquer the 1.3244 mark seems fetching the USD/CAD to 1.3214 (Murray [1/8]) support, which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3214. In this case, the next targets of sellers will be the level of 1.3183 (Murray [0/8])-1.3153 (Murray [-1/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic is in the overbought zone, which can be a signal for downward correction. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.3214, 1.3183, 1.3153, 1.3122.
Resistance levels: 1.3244,1.3275, 1.3305, 1.3336.

Trading recommendations

Short positions can be opened below the level of 1.3214 with the target at around 1.3183-1.3153 and stop-loss 1.3230.
Long positions can be opened above the level of 1.3244 with the target at around 1.3275-1.3305 and stop-loss 1.3225.

EUR/USD: technical analysis 22.02.2019

Current trend

The EURUSD pair begins today’s trading with slight bearish bias. The instrument is now testing the level of 1.1337 (Murray [7/8]) , which coincided with the middle line of Bollinger Bands. Breaking 1.1322 and holding below it will push the price back to 1.1306 (Murray [3/8])-1.2191 (Murray [4/8]) support-zone. Alternatively, break of of 1.1337, can accelerate the pair towards 1.1352 (Murray [8/8])- 1.1383 (Murray [+2/8]). Technical indicators reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are slightly decreasing in the positive zone.

Support and resistance

Support levels: 1.1322, 1.1306, 1.1291, 1.1276.
Resistance levels: 1.1333, 1.1352, 1.1362, 1.1383.

Trading recommendations

Long positions can be opened above the level of 1.1337 with the target at around 1.1352-1.1383 and stop-loss 1.1322.
Short positions can be opened below the level of 1.1322 with the target at around 1.1291-1.1276 and stop-loss 1.1340.

USD/CHF: technical analysis 22.02.2019

Current trend

On the 4-hour chart, USD/CHF is trading below the middle line of the Bollinger Bands and key support level 1.0009 (Murray [0/8]). Pair’s sustained trading below the 1.0009 will let USD/CHF fall to the level of 0.9994 (Murray [-1/8])-0.9979 (Murray [-2/8]). If the price is set above the level of 1.0025 (Murray [1/8]), the upward movement can restore, and the instrument can back to 1.0040 (Murray [2/8])-1.0070 (Murray [4/8]) resistance-zone. The technical picture is mixed. Bollinger Bands are converging, reflecting the moderate development of the current downward movement. Stochastic is pointed sideways. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.0009, 0.9994, 0.9979, 0.9960.
Resistance levels: 1.0025, 1.0040, 1.0070.

Trading recommendations

Short positions can be opened below the level of 1.0009 with the target at around 0.9994-0.9960 and stop-loss 1.0026.
Long positions can be opened above the level of 1.0025 with the target at around 1.0070 and stop-loss 1.0010.

USD/JPY: technical analysis 21.02.2019

Current trend

On 4-hour chart, USD/JPY shows a sideway dynamic with the borders 110.58-110.94. If the price is set above the level of 110.93 (Murray [8/8]), the upward trend can restore, and the instrument can retest the resistance level of 111.13 (Murray [+1/8])- 111.32 (Murray [+2/8]). The breakdown and consolidation of the price below the level of 110.54 (Murray [6/8]) will let USD/JPY reach the area of 110.35 (Murray [4/8])-110.15 (Murray [4/8]) levels. The support-line at 110.15, seem strong support as break of which can diver price to 109.96 (Murray [3/8]) and the 109.76 (Murray [2/8]) support-zone.
Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands and Stochastics lines are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line.

Support and resistance

Support levels: 110.54, 110.35, 110.15, 109.96.
Resistance levels: 110.93, 111.13, 111.32, 111.50.

Trading recommendations

Short positions can be opened below the level of 110.54 with the target at around 110.35-109.96 and stop-loss 110.70.
Long positions can be opened above the level of 110.93 with the target at around 111.32-111.50 and stop-loss 110.73.

GBP/USD: technical analysis 21.02.2019

Current trend

On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands, which coincited with the level of 1.3108. The first target of the correction is the level of 1.2984, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound from the level of 1.2984, while its breakdown would allow the fall to continue to the area of 1.2939 (Murray [4/8])-1.2908 (Murray [3/8]). The upward movement will be restored after the price is set above the level of 1.3061 (Murray [8/8]), that impedes growth to 1.3092 (Murray [+1/8]) – 1.3122 (Murray [+2/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bands are leaned upwards, reflecting the moderate developing of the upward movement.MACD histogram is in the pozitive zone. Stochastic’s lines are pointed downwards, reflecting the high possibility of the downward correction formation.

Support and resistance

Support levels: 1.3031, 1.3000, 1.2970,1.2939.
Resistance levels: 1.3061, 1.3092, 1.3122, 1.3150.

Trading recommendations

Short positions can be opened below the level of 1.3031 with the target at around 1.3000-1.2970 and stop-loss 1.3050.
Long positions can be opened above the level of 1.3061 with the target at around 1.3092-1.3122 and stop-loss 1.3040.

AUD/USD: technical analysis 21.02.2019

Current trend

On 4-hour chart, AUD/USD shows a negative dynamic. The price went down below the level of 0.7110 (Murray [2/8]) and can fall further to the levels of 0.7080 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 0.7080, which can develop to the levels of 0.7064 (Murray [-1/8]), 0.7049 (Murray [-2/8]). However, overbought Stochastic could challenge the pair’s downside.
Technical indicators maintain a sell signal. MACD volumes are decreasing in positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Bollinger Bands are leaned downwards.

Support and resistance

Support levels: 0.7095, 0.7080, 0.7064, 0.7049.
Resistance levels: 0.7110, 0.7125, 0.7141, 0.7156.

Trading recommendations

Short positions can be opened below the level of 0.7095 with the target at around 0.7064-0.7049 and stop-loss 0.7015.
Long positions can be opened after the price rebound from the level of 0.7080 with targets at 0.7110-0.7141 and stop-loss at 0.7060.

AUD/USD: technical analysis 20.02.2019

Current trend

On 4-hour chart, AUD/USD is correcting down from the upper line of the Bollinger Bands, whicn coincided with the level of 0.7171 (Murray [3/8]). The main target of the correction is the level of 0.7131 , 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 levels of 0.7110 (Murray [1/8])-0.7080 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 0.7171, the growth can continue to the area of 0.7202 (Murray [4/8]). Assuming the pair’s ability to cross 0.7202, the 0.7232 (Murray [5/8]) can be targeted if holding long positions.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are ponted upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards, which can be a signal for downward correction.

Support and resistance

Support levels: 0.7141, 0.7110, 0.7080, 0.7049.
Resistance levels: 0.7171, 0.7202, 0.7232, 0.7263.

Trading recommendations

Short positions can be opened below the level of 0.7141 with the target at around 0.7110-0-7080 and stop-loss 0.7161.
Long positions can be opened above the level of 0.7171 with the target at around 0.7202-0.7232 and stop-loss 0.7151.

EUR/USD: technical analysis 20.02.2019

Current trend

On 4-hour chart, EUR/USD is correcting down from the upper line of the Bollinger Bands, whicn coincided with the level of 1.1352 (Murray [4/8]). The first target of the correction is the level of 1.1306 , 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 levels 1.1261 (Murray [1/8]) – 1.1230 (Murray [0/8]) support-zone. One may speak about upward movement continuation after the price consolidates above the support level of 1.1352. In this case, EUR/USD may aim for the 1.1383-1.1413 resistance-zone.
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 general upward trend. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone, which can be a signal for downward correction.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261, 1.1230.
Resistance levels: 1.1352, 1.1383, 1.1413, 1.1444.

Trading recommendations

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.
Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1230 and stop-loss 1.1310.

USD/JPY: technical analysis 20.02.2019

Current trend

On 4-hour chart, USD/JPY is correcting down the strong resistance level of 1.1352 (Murray [8/8]). The breakout of this level will let the price to grow to the area of 111.13 (Murray [+1/8])-111.32 (Murray [+2/8]). Failure to conquer the 110.93 mark seems fetching the USD/JPY to 110.54 (Murray [7/8]) level, but its further downside might be confined by the 110.35 (Murray [5/8])-110.15 (Murray [4/8]) support-zone.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current upward trend. However, as the price has broken the upper border of Bollinger Bands, the downward correction is not excluded. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 110.74, 110.54, 110.35, 110.15.
Resistance levels: 110.93, 111.13, 111.32, 111.50.

Trading recommendations

Short positions can be opened below the level of 110.74 with the target at around 110.54-110.15 and stop-loss 110.90.
Long positions can be opened above the level of 110.93 with the target at around 111.32-111.50 and stop-loss 110.73.

GBP/USD: technical analysis 19.02.2019

Current trend

On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands, which coincited with the level of 1.2939 (Murray [4/8]). The first target of the correction is the level of 1.2864, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound from the level of 1.2864, while its breakdown would allow the fall to continue to the area of 1.2817 (Murray [0/8]). -1.2786 (Murray [-1/8]).
The breakout 1.2939 and holding above it will push the price up to 1.2970 (Murray [5/8]). – 1.3000 (Murray [6/8]).
The technical picture is mixed. Bollinger Bands are slightly leaned upwards, reflecting the moderate developing of the upward movement.MACD histogram is in the pozitive zone.
Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.2878, 1.2847, 1.2817, 1.2786.
Resistance levels: 1.2908, 1.2939, 1,2970, 1.3000.

Trading recommendations

Short positions can be opened below the level of 1.2878 with the target at around 1.2817 and stop-loss 1.2900.
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.