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.

USD/CHF: technical analysis 18.02.2019

USD/CHF: technical analysis 18.02.2019

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 1.0028, but the downward trend is still maintained, which is confirmed by technical indicators. Pullbacks below 1.0028 could lead to the 1.0009 and 0.9979 level. If the “bulls” manage to raise the rate above the level of 1.0040, the correction can continue to the area of 1.0061 (the middle line of Bollinger Bands).
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are directed down. MACD volumes are decreasing in positive zone.
Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.0009, 0.9979, 0.9948.

Resistance levels: 1.0040, 1.0070, 1.0101.

Trading recommendations

Short positions can be opened below the level of 1.0035 with the target at around 1.0009-0.9979 and stop-loss 1.0055.

Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0101 and stop-loss 1.0020.

EUR/USD: technical analysis 18.02.2019

EUR/USD: technical analysis 18.02.2019

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of Bollinger Bands. The price is approaching a strong resistance in the region of 1.1352 (Murray [4/8]). 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.
Meanwhile, the region of 1.1322-1.1352 can prevent the instrument form growing, as the possibility of the reverse of the price is high there.
In this case, the downward correction to the area of the level of 1.1291 (the middle line of Bollinger Bands) can develop. We should note that breaking 1.1291 and holding below it will push the price back to 1.1261 (Murray [1/8]) – 1.1230 (Murray [0/8]) support-zone. Bollinger Bands are pointed sideways. Stochastic is in the oversold zone and is pointed downwards.MACD volumes are decreasing in negative zone.

Support and resistance

Support levels: 1.1291, 1.1261, 1.1230.

Resistance levels: 1.1322, 1.1352, 1.1383.

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 15.02.2019

USD/JPY: technical analysis 15.02.2019

Current trend

USD/JPY price is moderately falling and is approaching the support level of 110.15 (Murray [6/8]). Pair’s sustained trading below this level will let USD/JPY fall to the level of 109.76 (Murray [5/8]). There is a chance of an upward rebound from the 110.15-109.76 area, while its breakdown would allow the fall to continue to the area of 109.37 (Murray [4/8]) level.
Alternatively, breakout of 110.54 (Murray [3/8]) can accelerate the pair towards 110.93 (Murray [4/8]) – 111.32 (Murray [5/8]) resistance area.

Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. MACD volumes are decreasing in the positive zone. Stochastic is in the oversold zone and is pointed upwards, which can be a signal for upward correction. Bollinger Bands are directed down.

Support and resistance

Support levels: 110.15, 109.76, 109.37, 108.98.
Resistance levels: 110.54, 110.93, 111.32, 111.71.

Trading recommendations

Short positions can be opened below the level of 110.15 with the target at around 109.76-109.37 and stop-loss 110.35.

Long positions can be opened above the level of 110.54 with the target at around 110.93-111.32 and stop-loss 110.37.

AUD/USD: technical analysis 15.02.2019

AUD/USD: technical analysis 15.02.2019

Current trend

AUD/USD is trading in a bear trend. At the moment the price has met the strong support at the level of 0.7080 (Murray [0/8]). In case the pair manage to cross the 0.7080 mark will let AUD/USD fall to the level of 0.7049 (Murray [-1/8]). A significant decrease is possible after the price is set below the level of 0.7049. In this case, the next targets of sellers will be the level of 0.7019 (Murray [-2/8]). There is a high chance of an upward rebound here, while its breakdown would allow the fall to continue.
Alternatively, breakout of 0.7110 can accelerate the pair towards 0.7141 (Murray [2/8]) – 0.7171 (Murray [3/8]) resistance area.

Technical indicators mostly keep a sell signal. MACD volumes are slowly growing in negative zone. Stochastics’ lines are pointed downwards. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets.

Support and resistance

Support levels: 0.7080, 0.7049, 0.7019, 0.6990.
Resistance levels: 0.7110, 0.7141, 0.7171, 0.7202.

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7019 and stop-loss 0.8000.

Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7171 and stop-loss 0.6990.

GBP/USD: technical analysis 15.02.2019

GBP/USD: technical analysis 15.02.2019

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands towards 1.2756 (Murray [1/8]), mark. One may speak about downward movement continuation after the price consolidates below the support level of 1.2756. In this case, the next targets of sellers will be the level of 1.2695 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.2817, the correction can continue to the area of 1.2854 (the middle line of Bollinger Bands) – 1.2878 (Murray [3/8]).

Technical indicators mostly reflect the maintenance of the downward potential. Bollinger Bands are directed down. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.2756, 1.2695, 1.2634.
Resistance levels: 1.2817, 1.2878, 1.2939.

Trading recommendations

Short positions can be opened below the level of 1.2756 with the target at around 1.2695 and stop-loss 1.2775.

Long positions can be opened above the level of 1.2817 with the target at around 1.2878 and stop-loss 1.2800.

USD/JPY: technical analysis 14.02.2019

USD/JPY: technical analysis 14.02.2019

Current trend

On the 4-hour chart, USD/JPY is growing along the upper line of the Bollinger Bands. The price went up above the level of 110.93 (Murray [8/8]) and can grow further to the levels of 111.32 (Murray [+1/8]) and 111.71 (Murray [+2/8]). However, as the Stochastic is in the overbought area, the downward correction is not excluded. The breakdown and consolidation of the price below the level of 110.93 will let USD/JPY fall the level of 110.54 (Murray [7/8]), which coincided with the middle line of Bollinger Bands.
One may speak about downward movement continuation after the price consolidates below the support level of 110.54. In this case, the next targets of sellers will be the level of 110.15 (Murray [6/8]).
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is growing in the positive zone. Bollinger Bands are pointed upwards. Stochastic is in the overbought zone and is pointed downwards, which can be a signal for downward correction.

Support and resistance

Support levels: 110.93, 110.54, 110.15.
Resistance levels: 111.32, 111.71, 112.00

Trading recommendations

Long positions can be opened above the level of 111.32 with the target at around 111.71-112.00 and stop-loss 111.06.
Short positions can be opened below the level of 110.93 with the target at around 110.54, 110.15 and stop-loss 111.15.

XAU/USD: technical analysis 14.02.2019

XAU/USD: technical analysis 14.02.2019

Current trend

On 4-hour chart, USDCHF bounced off the 1304.68 (Murray [2/8]) horizontal-support but is yet to cross the 1308.59 (Murray [3/8]) resistance level. If the “bulls” manage to raise the rate above the level of 1310.15 (the middle line of Bollinger Bands) , the correction can continue to the area of 1312.50 (Murray [4/8]), 1316.40 (Murray [5/8]). A significant decrease is possible after the breakdown of the level 1304.68 (Murray [2/8]), which can develop to the levels of 1300.78 (Murray [1/8]), 1296.87 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are slightly leaned downwards. MACD histogram is in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1304.68, 1300.78, 1296.87.
Resistance levels: 1308.59, 1312.50, 1316.40.

Trading recommendations

Long positions can be opened above the level of 1310.15 with the target at around 312.50-1316.40 and stop-loss 1309.30.
Short positions can be opened below the level of 1304.68 with the target at around 1300.78-1296.87. and stop-loss 1306.60.