USD/JPY: technical analysis 21.02.2019

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

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

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

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

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

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

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.

XAU/USD: technical analysis 19.02.2019

XAU/USD: technical analysis 19.02.2019

Current trend

On the 4-hour chart, XAU/USD price has met the significant resistance around of the level 1328.12 .(Murray [8/8]). It was corrected to the area of the middle line of Bollinger Bands at the level of 1324.21 (Murray [7/8]) .
The pair’s sustained trading below the level of 1324.21 (Murray [7/8]) could be a confirmation signal for downward correction forming. Alternatively, the breakout of 1328.12 can accelerate XAU/USD towards 1332.03 (Murray [+1/8]) – 1335.93 (Murray [+2/8]) resistance area, but ten-month old resistance-lines, could restrict further rise.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed sideways. MACD histogram is in the pozitive zone keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards, reflecting the high possibility of the downward movement
formation.

Support and resistance

Support levels: 1324.21, 1320.31, 1316.40.
Resistance levels: 1328.12, 1332.03, 1335.93.

Trading recommendations

Short positions can be opened below the level of 1324.40 with the target at around 1320.31-1316.40 and stop-loss 1326.50.
Long positions can be opened above the level of 1328.12 with the target at around 1332.03-1335.93and stop-loss 1326.00.

NZD/USD: technical analysis 19.02.2019

NZD/USD: technical analysis 19.02.2019

Current trend

On 4-hour chart, the price has tested the support level of 0.6835 (Murray [0/8]) and was slightly corrected upwards, but the downward trend maintains. In case the pair manage to cross 0.6835 mark,the next targets of sellers will be the levels of 0.6805 (Murray [3/8]) and the 0.6774 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.6866 (Murray [5/8]), the growth can continue to the area of 0.6897 (Murray [6/8]), 0.6927 (Murray [7/8]).
The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6850.
Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.

USD/CAD: technical analysis 18.02.2019

USD/CAD: technical analysis 18.02.2019

Current trend

On 4-hour chart, USD/CAD is trading in a bear trend below the middle line of Bollinger Bands (1.3244). If the current trend maintains, the next targets of sellers in the short term will be the level of 1.3183 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 1.3183, which can develop to the levels of 1.3122 (Murray [-1/8]), 1.3061 (Murray [-2/8]).
If the “bulls” manage to raise the rate above the level of 1.3244, the raise can continue to the area of 1.3305 (Murray [1/8]), 1.3366 (Murray [2/8]).
Now the technical indicators reflect the low trading activity and moderate developing of the current downward trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic’s lines are pointed downwards.Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1.1383, 1.3122, 1.3061.

Resistance levels: 1.3244, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3183 with the target at around 1.3122 and stop-loss 1.3200.

Long positions can be opened above the level of 1.3244 with the target at around 1.3273-1.3305 and stop-loss 1.3205.