Jump to content
Now you can advertise your business on Top Gold Forum.
Sign in to follow this  
Atirox

Atirox.com Forex Broker - Daily Analysis - Support & Resistant

Recommended Posts

USD/CAD: technical analysis 25.04.2019

USDCADH425042019-1024x576.png

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 1.3499 and was slightly corrected downwards, but the general upward trend maintains. If the sellers manage to declone the rate below the level of 1.3488 (Murray [6/8]), the correction can continue to the area of 1.3458 (Murray [5/8])-1.3427 (Murray [4/8]). The upward trend will be restored after the price is set above the level of 1.3499, that impedes growth to 1.3519 (Murray [7/8]), 1.3549 (Murray [8/8]) resistance-line. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards.MACD is actively growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 1.3488, 1.3458, 1.3427, 1.3397.
Resistance levels: 1.3519, 1.3549, 1.3580, 1.3610.

Trading recommendations

Short positions can be opened below the level of 1.3488 with the target at around 1.3458-1.3427 and stop-loss 1.3508.
Long positions can be opened above the level of 1.3499 with the target at around 1.3519-1.3549 and stop-loss 1.3472.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 25.04.2019

USDCHFH425042019-1024x576.png

Current trend

The USD/CHF pair is moderately growing due to general strengthening of the us dollar. If the current trend maintains, the next targets of buyers will be the level of 1.0223 (Murray [7/8]), which can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1.0223, the levels of 1.0253 (Murray [8/8]) and the 1.0284 (Murray [+1/8]) can be targeted if holding long positions. Pullbacks below 1.0183 could lead the price to the 1.0162 (Murray [5/8]) and 1.0131 (Murray [4/8]) level. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.0192, 1.0162, 1.0131, 1.0101.
Resistance levels: 1.0223, 1.0253, 1.0284, 1.0310.

Trading recommendations

Long positions can be opened above the level of 1.0223 with the target at around 1.0253-1.0284 and stop-loss 1.0200.
Short positions can be opened below the level of 1.0192 with the target at around 1.0162-1.0131 and stop-loss 1.0210.

Share this post


Link to post
Share on other sites

NZD/USD: technical analysis 26.04.2019

NZDUSDH426042019-1-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of upward correction after falling to the level of 0.6579. The price went up above the the middle line of Bollinger Bands (0.6622 (Murray [1/8])) and can grow further to the levels of 0.6652 (Murray [2/8]) and 0.6683 (Murray [3/8]). Alternatively, breakdown of 0.6622 and holding below it will push the price back to 0.6591 (Murray [0/8]) level. The level of 0.6591 seem a tough support as break of which can diver market to 0.6561 (Murray [-1/8]) and the 0.6530 (Murray [-2/8]) support-zone. Technical indicators maintain a buy signal. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is directed upwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6652, 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be opened from the current level with the target at around 0.6652-0.6683 and stop-loss 0.6631.
Short positions can be opened below the level of 0.6622 with the target at around 0.6591-0.6561 and stop-loss 0.6640.

Share this post


Link to post
Share on other sites

XAU/USD: technical analysis 26.04.2019

XAUUSDH426042019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. The instrument is now testing the resistance level of 1281.25 (Murray [4/8]), which seem a key level for the buyers in short-term period. The breakout of 1281.25 mark can accelerate the pair towards 1289.06 (Murray [5/8]). Failure to conquer the 1281.25 level seems fetching the XAU/USD to 1274.70 support, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1274.70. In this case the sellers will aim for the 1265.63 support-zone. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1273.44, 1265.63, 1257.81, 1250.00.
Resistance levels: 1281.25, 1289.06, 1296.88, 1304.69.

Trading recommendations

Long positions can be opened above the level of 1281.25 with the target at around 1289.06 and stop-loss 1279.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 26.04.2019

EURUSDH426042019-1024x576.png

Current trend

On the 4-hour chart, EUR/USD continues to consolidate in the side channel after a significant decline over the past two days. If the “bulls” manage to raise the rate above the level of 1.1138 (Murray [1/8]), the correction will continue to the area of 1.1169 (Murray [2/8]), 1.1200 (Murray [3/8]). The breakout of 1.1200 can accelerate the pair towards 1.1230 (Murray [4/8]) area, but three-days old resistance-line could restrict further rise. The downward trend will be restored after the price is set below the level of 1.1108 (Murray [0/8]), which seem a strong support as break of which can diver market to 1.1077 (Murray [-1/8]) and the 1.1047 (Murray [-2/8]) rest-points. The technical picture is mixed. Bollinger Bands are leaned downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1108, 1.1077, 1.1047.
Resistance levels: 1.1138, 1.1169, 1.1200.

Trading recommendations

Short positions can be opened below the level of 1.1108 with the target at around 1.1077-1.1047 and stop-loss 1.1130.
Long positions can be opened above the level of 1.1138 with the target at around 1.1169-1.1200 and stop-loss 1.1120.

Share this post


Link to post
Share on other sites

GBP/USD: technical analysis 29.04.2019

GBPUSDH429042019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The instrument is now testing the resistance level of 1.2939 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.2939, the growth can continue to the area of 1.2970 (Murray [5/8]), 1.3000 (Murray [6/8]). If GBP/USD cannot consolidate above the level of 1.2939 ib short-term period, the downward trend restoration and retest of the level 1.2908 (Murray [3/8]) are possible. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.2878 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed sideways. Stochastic is is pointed upwards. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2939, 1.2970, 1.3000, 1.3031.

Trading recommendations

Short positions can be opened below the level of 1.2908 with the target at around 1.2878-1.2848 and stop-loss 1.2930.
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.

Share this post


Link to post
Share on other sites

USD/JPY: technical analysis 29.04.2019

USDJPYH429042019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias. The first target of the upward movement can be the level of 111.71 (Murray [4/8]), which almost corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 111.71, the correction can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Alternatively, breakdown of the level 111.52 (Murray [3/8]) will let the price to fall to the area of 111.32 (Murray [3/8])- 111.13 (Murray [2/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the general downward trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-111.13 and stop-loss 111.65.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.10 and stop-loss 111.58.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 30.04.2019

EUR/USD: technical analysis 30.04.2019

EURUSDH430042019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price is approaching a strong resistance in the region of 1.1200 (Murray [3/8]). If the price is set above the level of 1.1200, the price will grow to the level of 1.1230 (Murray [4/8]) that holds the gate for its rise to 1.1261 (Murray [5/8]) resistance-line. Meanwile, any attempted recovery seems more likely to get sold into aggressively near the 1.1230-1.1260 region. Alternatively, pullbacks below 1.1169 could lead the price to the 1.1138 (Murray [2/8]) and 1.1108 (Murray [1/8]) level. 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 upward tendency. MACD volumes are actively decreasing in the negative zone. Stochastic is in the overbought area and is pointed downwards, reflecting the possibility of the downward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.
Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1190.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 30.04.2019

USDCADH430042019-1024x576.png

Current trend

USD/CAD is in the stage of upward correction after falling to the level of 1.3439, but the downward trend is still maintained. The main target of the correction is the level of 1.3470, which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue. If the “bulls” manage to raise the rate above 1.3470 level, the correction can continue to the area of 1.3488 (Murray [6/8]), 1.3519 (Murray [7/8]). 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 level of 1.3397 (Murray [3/8]), 1.3366 (Murray [2/8]). Technical indicators mostly keep a buy signal. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards. Bollinger Bands are directed down.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3488 with the target at around 1.3519-1.3549 and stop-loss 1.3468.
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.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 30.04.2019

USDCHFH430042019-1024x576.png

Current trend

USD/CHF is trying to consolidate above the level of 1.0192 (Murray [6/8]), but the general downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 1.0199, the correction can continue to the area of 1.0212 (Murray [6/8]) – 1.0223 (Murray [7/8]). There is a chance of an downward rebound, while its breakout would allow the growth to continue. The downward trend will be restored after the price is set below the level of 1.0185. In this case, the next targets of sellers will be the levels of 1.0162 (Murray [5/8]) and 1.0131 (Murray [4/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. MACD volumes are decresing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.0192, 1.0162, 1.0131, 1.0101.
Resistance levels: 1.0223, 1.0253, 1.0284, 1.0310.

Trading recommendations

Long positions can be opened above the level of 1.0223 with the target at around 1.0253-1.0284 and stop-loss 1.0200.
Short positions can be opened below the level of 1.0185 with the target at around 1.0162-1.0131 and stop-loss 1.0205.

Share this post


Link to post
Share on other sites

NZD/USD: technical analysis 01.05.2019

NZDUSDH401052019-1024x576.png

Current trend

NZD/USD pair begins today’s trading with bearish bias. The pair bounced off the 0.6626 horizontal-support but is yet to cross the 0.6652 (Murray [2/8]). The main target of sellers for the short-term period will be the level of 0.6622 (Murray [1/8]). If the price is set below the level of 0.6622 (Murray [6/8]), the downward trend can restore, and the instrument can retest the support level of 0.6591 (Murray [0/8]). Alternatively, breakout 0.6664 (middle line of Bollinger Bands) will let the price grow to the level of 0.6683 (Murray [3/8])-0.6713 (Murray [4/8]). The downward trend maintains, which the technical indicators confirm. The volumes of MACD histogram are decreasing in the positive zone. Stochastic is directed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6652, 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be above the level of 0.6664 with the target at around 0.6683-0.6713 and stop-loss 0.6647.
Short positions can be opened below the level of 0.6652 with the target at around 0.6622-0.6591 and stop-loss 0.6670.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 01.05.2019

EURUSDH401052019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after growing to the level of 1.1228, but the upward trend is still maintained, which is confirmed by technical indicators. The first target of the correction is the level of 1.1180, which corresponds to the middle line of Bollinger Bands. The level of 1.1200 (Murray [3/8]) might offer intermediate halt during the plunge to key correction target. The upward trend will be restored after the price is set above the level of 1.1230 (Murray [4/8]). In this case the price may aim for the 1.1261 (Murray [5/8])-1.1291 (Murray [6/8]) resistance-zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.1200, 1.1169, 1.1138, 1.1108.
Resistance levels: 1.1230, 1.1261, 1.1291, 1.1322.

Trading recommendations

Long positions can be opened above the level of 1.1230 with the target at around 1.1261-1.1291 and stop-loss 1.1210.
Short positions can be opened below the level of 1.1200 with the target at around 1.1180-1.1138 and stop-loss 1.1220.

Share this post


Link to post
Share on other sites

XAU/USD: technical analysis 01.05.2019

XAUUSDH401052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a support in the region of 1277.34 (Murray [3/8]). Assuming the pair’s ability to cross 1277.34 mark, the level of 1273.44 can be targeted if holding short positions. Should prices continue slipping under 1273.44 level, the area of 1269.53 mark might try activating a upward rebound.Alternatively, break of 1281.25 (Murray [4/8]) can accelerate the pair towards 1285.16 (Murray [5/8]. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1277.34, 1273.44, 1269.53.
Resistance levels: 1281.25, 1285.16, 1289.06, 1292.97.

Trading recommendations

Long positions can be opened above the level of 1281.25 with the target at around 1285.16 and stop-loss 1280.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

Share this post


Link to post
Share on other sites

GBP/USD: technical analysis 02.05.2019

GBPUSDH402052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3061 (Murray [8/8]) and can fall further to the levels of 1.3031 (Murray [7/8]) and 1.3000 (Murray [6/8]). The level of 1.3000 seem a key level for the downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.2939 (Murray [4/8]). Alternatively, breakout of 1.3061 (Murray [8/8]) can accelerate the pair towards the area of 1.3092 (Murray [+1/8]) – 1.3122 (Murray [+2/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

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

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.

Share this post


Link to post
Share on other sites

AUD/USD: technical analysis 02.05.2019

AUDUSDH402052019-1024x576.png

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias after falling to the level of 0.7006, but the downward trend is still maintained, which is confirmed by technical indicators. At the moment the price has met the support at the level of 0.7019 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 0.7006. In this case the sellers will aim for the 0.6988 (Murray [1/8]) – 0.6958 (Murray [0/8]) support-zone. If the “bulls” manage to raise the rate above the level of 0.7028, the correction can continue to the area of 0.7049 (Murray [3/8]), which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross the level of 0.7049, the mark of 0.7080 (Murray [4/8]) can be targeted if holding long positions. Technical indicators mostly reflect the maintenance of the current downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are pointed downwards. Stochastic has left the oversold area and is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 0.7019, 0.6988, 0.6958.
Resistance levels: 0.7028, 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6988-0.6958 and stop-loss 0.7039.
Long positions can be opened above the level of 0.7028 with the target at around 0.7049-0.7080 and stop-loss 0.7011.

Share this post


Link to post
Share on other sites

USD/JPY: technical analysis 02.05.2019

USDJPYH402052019-1024x576.png

Current trend

On 4-hour chart, USD/JPY shows a positive dynamic. The price went up above the level of the middle line of Bollinger Bands 111.52 (Murray [3/8]) and can grow further to the levels of 111.71 (Murray [4/8]). There is a chance of a downward rebound from the level 111.71, while its breakout would allow the growth to continue to the area of 111.91 (Murray [5/8]). Failure to conquer the 111.52 mark seems fetching the USD/JPY to 111.32 (Murray 2/8]) support but its further downside might be confined by the 111.13 (Murray 1/8]) level. The technical picture is mixed. Bollinger Bands are poited sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-111.13 and stop-loss 111.65.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.10 and stop-loss 111.58.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 03.05.2019

EURUSDH403052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling down along the liwer line of the Bollinger Bands. The instrument is now testing the support level of 1.1169 (Murray [6/8]). If the price is set below this level, the downward trend can restore, and the instrument can test the support level of 1.1138 (Murray [5/8])-1.1108 (Murray [4/8]). Alternatively, breakout of 1.1200 (Murray [7/8]) will let the price to grow to the area of 1.1230 (Murray [8/8]) but its further upside might be confined by the 1.1261 (Murray [+1/8]) mark. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is in the oversold area and is poited upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1189.
Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 03.05.2019

USDCADH403052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 1.3458 (Murray [5/8]) and can grow further to the level of 1.3488 (Murray [6/8]). The area of 1.3488-1.3519 (Murray [7/8]) can prevent the instrument form growing, as the possibility of the reverse of the price is high there. If the price is set below the level of 1.3458 (Murray [5/8]), the next target of sellers will the level of 1.3427 (Murray [4/8]), 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. In this case, the sellers will aim for the 1.3397 (Murray [3/8])-1.3366 (Murray [2/8]) support zone. The technical picture is mixed. MACD is growing in the positive zone.Bollinger Bands are pointed sideways. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3474 with the target at around 1.3488-1.3519 and stop-loss 1.3457.
Short positions can be opened below the level of 1.3458 with the target at around 1.3427-1.3397 and stop-loss 1.3478.

Share this post


Link to post
Share on other sites

GBP/USD: technical analysis 06.05.2019

GBPUSDH406052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3122 (Murray [7/8]) and can fall further to the levels of 1.3061 (Murray [6/8]), which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3061. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Alternatively, breakout of 1.3149 can accelerate the pair towards the area of 1.3183 (Murray [8/8]). The level of 1.3183 seem a tough resistance as break of which can accelerate the pair towards the level of 1.3244 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3149, 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 3244 and stop-loss 1.3163.

Share this post


Link to post
Share on other sites

GBP/USD: technical analysis 06.05.2019

GBPUSDH406052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3122 (Murray [7/8]) and can fall further to the levels of 1.3061 (Murray [6/8]), which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3061. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Alternatively, breakout of 1.3149 can accelerate the pair towards the area of 1.3183 (Murray [8/8]). The level of 1.3183 seem a tough resistance as break of which can accelerate the pair towards the level of 1.3244 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3149, 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 3244 and stop-loss 1.3163.

USD/JPY: technical analysis 06.05.2019

USDJPYH406052019-1024x576.png

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 110.27. The first target of the correction is the level of 111.32 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. The level of 110.93 (Murray [4/8]) might offer intermediate resistance during the raise to 111.32 mark. Pullback below the level of 110.54 (Murray [3/8]) could lead the price back to the 110.27 mark. A significant decrease is possible after the breakdown of the level 110.15 (Murray [2/8]), which can develop to the levels of 109.76 (Murray [1/8])-109.37 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are poited downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 110.54 with the target at around 110.15 and stop-loss 110.67.
Long positions can be opened above the level of 110.93 with the target at around 111.32 and stop-loss 110.80.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Popular Contributors

  • Similar Content

    • By likerebateforex
      IC Markets Direct Discount (Lower Commission & Lower Spread)
      Free! No additional conditions and fees
      Direct commission reduction
      Direct spread reduction
      Open an IC Markets account : Click
      See more details : https://likerebateforex.com/ic-markets-special-discount

      Direct commission reduction for "Raw Spread" account.

      Raw Spread (Metatrader)
      Original commission : $7 per lot
      Discount commission : $5.5 per lot

      Raw Spread (cTrader)
      Original commission : $6 per lot
      Discount commission : $5.5 per lot


      Direct spread reduction for "Standard" account.

      Standard
      Original spread : start from 1.0 pips
      Discount spread: start from 0.7 pips

    • By searchyip77
      I Am NOT ADMIN/OWNER OF THE PROGRAM
      PLEASE READ MORE TO KNOW ABOUT BITINIK
      Online Date: 2020/1/26

      INVESTMENT PLAN: Short Term 110% Daily, 180% After 2 Days,5% daily 365 Days,225% After 3 Days,550% After 7 Days

      Min Spend: 5$

      Refferal commission: 1-4.2%%

      WITHDRAWAL TYPE INSTANT!

      LICENSED PROGRAM
      DDOS PROTECTION BY DDOS GUARD

      SSL SECURED

      Accept Payment: Perfectmoney, Payeer, Nitronpay

      Nitronpay link: https://nitronpay.com/

      JOIN TELEGRAM: https://t.me/SearchyipFamily

      OUR INVEST: 200$ from nitronpay

      About Project: 
      That's why, a successful holding company has the ability to make key decisions in another business, engage in recruitment and cleaning of staff, up to the managerial level, gets the necessary control over the activities of its subsidiaries. In addition to minority interests in companies, holdings can own patents, real estate, hedge funds and more. The direct task of the holding company is to control its investments in the autonomous operation of assets. The effectiveness of Bitinik is a merit and a direct consequence of the coordinated work of a team of qualified professionals selected through a complex competition. Our purpose is to scale the business by increasing the number of subsidiaries and "grandchild" controlled companies in various markets.
       




       
    • By fxfarmerashik
      Dip your toe in the water Forex trading has never been easier. Now there are more and more top Forex brokers offering great deals, a strong educational infrastructure, and to attract business.
      This is great for you as a potential Forex trader, as long as you know some important things about Forex trading.
      One of the important points that you will face soon and that can be a cause of confusion for many people is the spread in Forex.
      In simple terms, this is the difference between the price at which you can buy a currency and the price at which you can sell it. This price difference allows the broker or other market makers to make a marginal profit on your trade.
      Do Forex Brokers Profit from Spread?
      The simple answer here is YES. To understand how this happens, we have to analyze the Forex trading market a little deeper:
      When placing a trade the currency you will see the presence of the two prices.
      This is the bid price and the asking price, or in simple terms, the price you have to pay to buy the currency, and the amount you will get to sell the currency. You will see little difference in this price.
      The price difference is not in many cases show a profit for your broker if they are market makers, although this is not always the case when you consider the following.
      Spread is usually very small, and it helps protect the market maker who facilitates trading, against any major change in the market between the order and the execution of your trades.
      Because almost all the top Forex brokers offer some form of free trade and free trade commission fees, deployment acts as a regional advantage only marginal for some.
      Spreading general type Maybe You See When Trading
      When you are trading Forex broker with one of the above, you may find two specific types of spreads most often.
      It is the deployment of fixed and variable spreads. Here is a brief overview of both, along with some pros and cons that some traders feel about each.
      Spreading fixed
      As suggested by the name, this type of spread offered by the broker and then remains constant for a specified period, usually in the long term. It certainly will not be changed during your trading day.
      Fixed spreads are usually offered on the most popular, the markets major currencies such as EUR / USD, USD / JPY, and many more are seen as a very stable market with only minor fluctuations and stable, consistent trading volume.
      Pro Fixed Spread
      Even in volatile markets, the spread will remain fixed. You can accurately predict and prepare for the fixed costs of trade.
      There is usually a lower capital requirement when dealing with fixed deployment. This makes it ideal for new traders.
      Fixed Spread Cons
      Although the cost of the spread will remain predictable and fixed, you may be exposed to skid. This is the price difference between when you order and when it is executed.
      Fixed spreads are usually higher than variable spread round to help provide protection against market changes.
      Variable deployment
      A variable spread again as the name suggests, is a reversal of the spread remains in the sense that it is changing and can move smoothly throughout the trading session depends on the volume and market volatility.
      The majority of the top Forex brokers will offer a variable spread mainly on market risk or less popular to see much change in the price. This includes minor currency pairs Forex, Forex trading, and commodities.
      Pro Distribution of variables
      With a variable spread, you are likely to experience slippage on your trades.
      The variable spreads can be a good guide to the current market liquidity and sentiment.
      More often than not, a variable spread is lower than a fixed spread and thus can provide a better deal.
      Variable Spreading Cons
      A little more unpredictable if you try to plan the right trading costs.
      It can change a lot in a short time depending on the market and your broker.
      Knowing and Understanding How to Manage the Spread
      This advice is especially true if you use a variable spread of your broker. There are several ways in which you can try to minimize the spread of your own for Forex trading.
      The first is to try and choose a broker that offers the best value in a spread based on what you know to be your own trading style and needs.
      If you are not sure about this then the right place to start is the Forex demo account. It is offered by the majority of brokers and equipped with a realistic simulation trading environment without risk.
      Since the market, and therefore the deployment, can change a lot based on the news, it is a very good idea to look at the economic calendar provided by your broker.
      It will let you know where the major economic event that came. From there, you can work to decide how you think the spread may be affected.
      Finally, one of the biggest key when it comes to deployment is volume. With that in mind then, chances are you'll find a lower deployment during the main trading session hours worldwide.
      This means that New York, London, Sydney, Tokyo. Outside these hours, you may see an increase in your spread.
      Which Forex Spread Type Should You Choose?
      It really depends on your trading style, though usually, if you are new to trading, a spread is recommended because it can give you an accurate closer to the cost of trade and capital requirements typically decreases.
      For an experienced trader, or certainly, if you are trading on margin, you might want to consider a variable spread to their better value for money, especially at high volume.
      Hope you find it useful. Thank You!
      Also, read : Now Trade Like A Pro Using FIX API Trading.
    • By likerebateforex
      Likerebateforex : Free Forex Rebate 90% of our commissions
      Free! No additional conditions and fees
      Highest forex rebate rate 90% of our commissions
      Auto-rebate (hourly, daily, weekly)
      Direct to your trading account

      See more details : https://likerebateforex.com
       

    • By fxfarmerashik
      Forex trading is a learning experience. How do you tell a lot about the psychology of your trading?
      Do you trade emotionally, if you over trade when you see a favorable offer, or if you strategize a lot before the trade?
      But most importantly, how you train and monitor these things?
      That is why it is very important to make psychologically trade journals. This is the go-to weapon for the trading situation is important because it will contain your behavioral tendencies. It makes you realize the pattern of trade that you do not have to follow.
      Do not know where you'll be one of those things. But that's when your psychological trading journal will be useful. When you know your trading patterns, it helps you to stay away from people who may incur losses. So, here are some tips to maximize your trading journal:
      1) BALANCING POSITIVE AND NEGATIVE
      It is easy to write about your mistakes so you do not make them anymore. But you also have to write about the positives. For example, if strategy A and B fails, you can write in your journal. In addition, you also have to write about strategies C and D work.
      Many Forex trading site describes the different errors that traders usually do. Forex Academy is one website that not only shows the error but also tells a different way you can fix it.
      So, your journal should have two parts. The one with the negatives, which contain trading mistakes you should avoid, and secondly, the positive that talks about some of your successful trading strategies. This will help you to work on the negative and turn it into a positive future.
      2) ALWAYS HAVE THE PURPOSE OF TRADING
      Just follow your friends or fellow traders are now the way forward in Forex trading. You should always have a goal-oriented approach.
      For example, if you make a few mistakes on the first trading day, you should aim not to repeat them the next day or next week. Similarly, if you have a satisfactory ROI on your first trade, you should look to follow that strategy and get more in the second attempt.
      However, make sure that you assess the condition of the market while trading. If you are successful the first day, it does not mean the market will remain like that forever. So, keep an eye on the constantly changing market conditions.
      3) ALWAYS HAVE AN OPEN MIND
      As already mentioned, there is so much to learn from a professional Forex trading even would say that they do not have full knowledge of the market. Keeping an open mind is the best way to maximize your trading journal. Learning does not have to be limited to correcting your mistakes.
      There are many new techniques you'll find you start to trade. Do not avoid off this strategy because you trade successfully without assistance.
      Forex trading can be tough at first, but if you have a journal, hard days will be the pillars of success you soon.
      Also read: The Best Automated Trading Software of 2020
  • Topics

×
×
  • Create New...