EUR/USD: technical analysis 07.06.2019

EUR/USD: technical analysis 07.06.2019

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.1308. The first target of the correction is the level of 1.1255, which corresponds to the middle line of Bollinger Bands. If the “bears” manage to decline the rate below the level of 1.1255, the correction can cobtinue to the area of 1.1230 (Murray [4/8]), which is the key level for the sellers. The upward trend will be restored after the price is set above the level of 1.1291 (Murray [6/8]). In this case, the next targets of sellers will be the level of 1.1322 (Murray [7/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards.

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.

AUD/USD: technical analysis 06.06.2019

AUD/USD: technical analysis 06.06.2019

Current trend

AUD/USD is in the stage of downward correction after raising to the level of 0.7006. Now the price is bounced off the 0.6961 support but is yet to cross the 0.6974 resistance (middle line of Bollinger Bands). If the “bulls” manage to raise the rate above the level of 0.6974, the correction can continue to the area of 0.6988 (Murray [5/8])-0.7019 (Murray [6/8]). One may speak about downward movement continuation after the price consolidates below the strong support level of 0.6958 (Murray [4/8]). In this case, the next targets of sellers will be the level of 0.6927 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.6958, 0.6927, 0.6897.
Resistance levels: 0.6988, 0.7019, 0.7049, 0.7080.

Trading recommendations

Short positions can be opened below the level of 0.6958 with the target at around 0.6927 and stop-loss 0.6968.
Long positions can be opened above the level of 0.6988 with the target at around 0.7019 and stop-loss 0.6978.

USD/JPY: technical analysis 06.06.2019

USD/JPY: technical analysis 06.06.2019

Current trend

USD/JPY is in the stage of downward correction after raising to the level of 108.47. At the moment the price has met the support at the level of 108.20 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Pair’s sustained trading below this level could set the level of 107.81 as next sellers’ target. The level of 107.81 seem a key level for the sellers in short term period. There is a high chance of an upward rebound, while its breakdown can diver market to 107.42 and the 107.03 rest-points. The upward trend will be restored after the price is set above the level of 108.59 (Murray [2/8]). In this case, the next targets of buyers will be the level of 108.98 (Murray [3/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD is actively decreasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 108.20, 107.81, 107.42, 107.03.
Resistance levels: 108.59, 108.98, 109.37, 109.76.

Trading recommendations

Short positions can be opened below the level of 108.20 with the target at around 107.81 and stop-loss 108.33.
Long positions can be opened above the level of 108.59 with the target at around 108.98 and stop-loss 108.46.

GBP/USD: technical analysis 06.06.2019

GBP/USD: technical analysis 06.06.2019

Current trend

The price is consolidating around a strong support near 1.2677 (middle line of Bollinger Bands) after a downward correction. If the price is set below the level of 1.2677, the downward trend can restore, and the instrument can retest the support level of 1.2634 (Murray [6/8]). Alternatively, pullback above the level of 1.2695 (Murray [8/8]) can accelerate the pair towards the area of levels 1.2725 (Murray [+1/8])-1.2756 (Murray [+2/8]). There is a chance of an downward rebound around the 1.2756 area, while its breakout would allow the raise to continue to the level of 1.2813. Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1.2677, 1.2634, 1.2603.
Resistance levels: 1.2695, 1.2725, 1.2756.

Trading recommendations

Short positions can be opened below the level of 1.2677 with the target at around 1.2634 and stop-loss 1.2691.
Long positions can be opened above the level of 1.2695 with the target at around 1.2725-1.2756 and stop-loss 1.2675.

XAU/USD: technical analysis 05.06.2019

XAU/USD: technical analysis 05.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 1328.13 (Murray [6/8]). In case the pair manage to cross the 1328.13 hurdle, the bulls will aim for the 1335.94 (Murray [7/8]) resistance zone. Failure to conquer the 1328.13 mark during short term period seems fetching the XAU/USD to 1320.31 (Murray [5/8]) support. This case scenario will be active after price is set below the level of 1324.37. The downward trend will be restored after the price is set below the level of 1320.31. In this case, the next targets of sellers will be the level of 1312.50 (Murray [4/8]),which corresponds to the middle line of Bollinger Bands. Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochactic are pointed upwards. MACD volumes are slowly decreasing in the positive zone.

Support and resistance

Support levels: 1320.31, 1312.50, 1304.69.
Resistance levels: 1328.13, 1335.94, 1343.75.

Trading recommendations

Short positions can be opened below the level of 1324.37 with the target at around 1320.31 and stop-loss 1325.37.
Long positions can be opened above the level of 1328.13 with the target at around 1335.94 and stop-loss 1326.13.

NZD/USD: technical analysis 05.06.2019

NZD/USD: technical analysis 05.06.2019

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. If the current trend maintains, the next targets of buyers will be the level of 0.6652 (Murray [+2/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.6684. Alternatively, pullback below the level of 0.6622 (Murray [+1/8]) will let the price to fall to the area of 0.6591 (Murray [8/8]). Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561.
Resistance levels: 0.6652, 0.6684, 0.6706.

Trading recommendations

Long positions can be above the level of 0.6652 with the target at around 0.6684 and stop-loss 0.6642.
Short positions can be opened below the level of 0.6622 with the target at around 0.6591 and stop-loss 0.6632.

AUD/USD: technical analysis 05.06.2019

AUD/USD: technical analysis 05.06.2019

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.6988 (Murray [5/8]) and can grow further to the levels of 0.7019 (Murray [6/8]). Additionally, pair’s sustained trading above the mark of 0.7019 could set the level of 0.7049 as next buyers’ target. If the instrument cannot consolidate above the level of 0.7019 during short term period, the downward correction to the area of the level of 0.6958 (Murray [6/8], middle line of Bollinger Bands) can develop. This case scenario will be active after price is set below the level of 0.6988. Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.6988, 0.6958, 0.6927, 0.6897.
Resistance levels: 0.7019, 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.6988 with the target at around 0.6958 and stop-loss 0.6998.
Long positions can be opened above the level of 0.7019 with the target at around 0.7049 and stop-loss 0.7009.

EUR/USD: technical analysis 04.06.2019

EUR/USD: technical analysis 04.06.2019

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price has tested the resistance level of 1.1261 (Murray [+1/8]) and was slightly corrected downwards, but the upward trend still maintains. One may speak about upward movement continuation after the price consolidates abvoe the level of 1.1261. Pair’s sustained trading beyond this level could set the level of 1.1291 (Murray [+2/8])- 1.1323 on buyers’ radar. If the “bears” manage to decline the rate below the level of 1.1230 (Murray [8/8]),the correction can continue to the area of 1.1200 (Murray [7/8])-1.1169 (Murray [6/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169.
Resistance levels: 1.1261, 1.1291, 1.1323.

Trading recommendations

Short positions can be opened below the level of 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247.
Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1323 and stop-loss 1.1240.

USD/CAD: technical analysis 04.06.2019

USD/CAD: technical analysis 04.06.2019

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price has tested the support level of 1.3431 and was slightly corrected upwards, but the downward trend maintains. If the “bulls” manage to raise the rate above the level of 1.3458 (Murray [5/8]), the correction can continue to the area of 1.3488 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. 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 area of 1.3397 (Murray [3/8])-1.3366 (Murray [2/8]). Technical indicators reflect the maintenance of the downward trend. Bollinger Bands are diverging, reflecting the active development of the current downward dynamic. MACD is actively growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1.3427, 1.3397, 1.3366, 1.3336.
Resistance levels: 1.3458, 1.3488, 1.3519, 1.3549.

Trading recommendations

Long positions can be opened above the level of 1.3458 with the target at around 1.3488 and stop-loss 1.3448.
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 04.06.2019

USD / CHF: analisis teknis 04.06.2019

Tren saat ini

USD / CHF berada dalam tahap koreksi ke atas setelah jatuh ke level 0,9909, tetapi tren menurun masih dipertahankan, yang dikonfirmasi oleh indikator teknis. Jika “bulls” berhasil menaikkan tingkat di atas level 0,9948 (Murray [2/8]), koreksi dapat berlanjut ke area 0,9979 (Murray [3/8]). -1.0009 (Murray [4/8]). Pecahnya 0,9918 (Murray [1/8]) dan bertahan di bawahnya akan membiarkan harga jatuh ke area 0,9887 Murray [0/8]). Ada peluang tinggi untuk rebound ke atas dari level 0,9887, sementara terobosannya akan memungkinkan jatuh untuk melanjutkan ke area 0,9857 Murray [-1/8]) – 0,9826 Murray [-2/8]). Indikator teknis mempertahankan sinyal jual. Bollinger Bands menunjuk ke bawah. MACD histogram berada di zona negatif menjaga sinyal untuk pembukaan posisi jual. Stochastic berada di zona oversold dan mengarah ke bawah.

Support dan resistance

Level support: 0.9918, 0.9887, 0.9857, 0.9826.
Level resistance: 0.9948, 0.9979, 1.0009, 1.0040.

Rekomendasi perdagangan

Posisi buy dapat dibuka di atas level 0.9948 dengan target di sekitar 0.9979 dan stop-loss 0.9938.
Posisi sell dapat dibuka di bawah level 0.9918 dengan target di sekitar 0.9887 dan stop-loss 0.9928.