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

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XAU/USD: technical analysis 20.05.2019

XAUUSDH420052019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is falling along the lower line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1273.44 (Murray [-2/8]). There is a chance of an upward rebound from the level if 1273.44, while its breakdown can diver market to 1270.00 support zone. If the price is set above the level of 1278.72 , the correction to the area of the level of 1281.25 (Murray [0/8]) can develop. Assuming the pair’s ability to cross 1281.25 mark, the level of 1285.16 (Murray [1/8]) can be targeted if holding long positions. Technical indicators mostly reflect the maintenance of the downpward potential. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold area and is pointed sideways.

Support and resistance

Support levels: 1273.44, 1270.00, 1267.00.
Resistance levels: 1277.34, 1281.25, 1285.16.

Trading recommendations

Short positions can be opened below the level of 1275.00 with the target at around 1273.44 and stop-loss 1275.50.
Long positions can be opened above the level of 1278.72 with the target at around 1281.25 and stop-loss 1278.00.

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USD/CHF: technical analysis 20.05.2019

USDCHFH420052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. If the current trend maintains, the next target of buyers will be the level of 1.0131 (Murray [4/8]). Additionally, pair’s sustained trading beyond the 1.0131 could set the level of 1.0162 (Murray [5/8]) on buyers’ radar. Alternatively, breakdown of the level 1.0109 will let the price to fall to the area of level 1.0093, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.0093. In this case, the next targets of sellers will be the level of 1.0070 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1.0101, 1.0070, 1.0040, 1.0009.
Resistance levels: 1.0131, 1.0162, 1.0192.

Trading recommendations

Long positions can be opened above the level of 1.0131 with the target at around 1.0162-1.0192 and stop-loss 1.0111.
Short positions can be opened below the level of 1.0109 with the target at around 1.0070 and stop-loss 1.0122.

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EUR/USD: technical analysis 21.05.2019

EURUSDH421052019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bearish bias on its way to the key support line 1.1138 (Murray [-2/8]). There is a high chance of an upward rebound from the level of 1.1138, while its breakdown would allow the fall to continue. Additionally, pair’s sustained trading below the 1.1138 could set 1.1123 and 1.1109 on sellers radar. Pullback above 1.1169 (Murray [0/8]),which is the middle line of Bollinger Bands, could lead the price to the 1.1184 (Murray [1/8]) and 1.1215 (Murray [3/8]) level. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. 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: 1.1154, 1.1138, 1.1123, 1.1109.
Resistance levels: 1.1169, 1.1184, 1.1200, 1.1215.

Trading recommendations

Short positions can be opened below the level of 1.1154 with the target at around 1.1138-1.1109 and stop-loss 1.1139.
Long positions can be opened above the level of 1.1169 with the target at around 1.1200-1.1215 and stop-loss 1.1155.

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USD/CAD: technical analysis 21.05.2019

USDCADH421052019-1024x576.png

Current trend

On 4-hour chart, USD/CAD price has tested the support level of 1.3415 and was slightly corrected upwards. Now the instrument is trying to consolidate above the strong resistance level of 1.3427 (Murray [0/8]). If the price is set above the level of 1.3427, the correction can continue to the area of the resistance level 1.3445, which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 1.3445. In this case, the buyers will aim for the 1.3458 (Murray [2/8])-1.3488 (Murray [3/8]) resistance-zone. If the instrument cannot consolidate above the level of 1.3427 during short-term period, the falling to the area of the level of 1.3397 (Murray [-1/8]) can develop. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards.

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

Short positions can be opened below the level of 1.3415 with the target at around 1.3397-1.3366 and stop-loss 1.3428.
Long positions can be opened above the level of 1.3445 with the target at around 1.3488 and stop-loss 1.3431.

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AUD/USD: technical analysis 22.05.2019

AUDUSDH42205209-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price has tested the support level of 0.6866 (Murray [1/8]) and was slightly corrected upwards, but the downward trend still maintains. One may speak about downward movement continuation after the price consolidates below the support level of 0.6866. In this case, the sellers will aim for the level of 0.6835 (Murray [0/8])-0.6805 (Murray [-1/8]) support zone. If the “bulls” manage to raise the rate above the level of 0.6897 (Murray [2/8]), the correction can continue to the area of 0.6927 (Murray [3/8])-0.6958 (Murray [4/8]). Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed 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 possibility of the upward movement formation.

Support and resistance

Support levels: 0.6866, 0.6835, 0.6805, 0.6774.
Resistance levels: 0.6897, 0.6927, 0.6958, 0.6988.

Trading recommendations

Short positions can be opened below the level of 0.6866 with the target at around 0.6835-0.6805 and stop-loss 0.6886.
Long positions can be opened above the level of 0.6897 with the target at around 0.6927-0.6958 and stop-loss 0.6878.

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GBP/USD: technical analysis 22.05.2019

GBPUSDH422052019-1024x576.png

Current trend

The price has tested the support level of 1.2696 and was slightly corrected upwards, but the general downward trend maintains. A significant decrease is possible after the breakdown of the level 1.2695. In this case, the next targets of sellers will be the area of levels of 1.2634 (Murray [-1/8])-1.2573 (Murray [-2/8]). This area can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Alternatively, pullback above the level of 1.2730 (middle line of Bollinger Bands) will let GBP/USD raise to the level of 1.2756 (Murray [1/8]), that holds the gate for its rise to 1.2817 (Murray [2/8]) resistance-line. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. Stochactic is ready to enter the negative zone and is pointed downwards. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 1.2695, 1.2634, 1.2573.
Resistance levels: 1.2730, 1.2756, 1.2817, 1.2878.

Trading recommendations

Short positions can be opened below the level of 1.2695 with the target at around 1.2634-1.2573 and stop-loss 1.2716.
Long positions can be opened above the level of 1.2730 with the target at around 1.2756-1.2817 and stop-loss 1.2709.

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USD/JPY: technical analysis 22.05.2019

USDJPYH422052019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bearish bias. The instrument is now testing the support level of 110.35 (Murray [5/8]). If the “bears” manage to decline the rate below the level of 110.35, the fall can continue to the area of 110.15 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. The level of 110.15 seem strong support as break of which can diver market to 109.96 (Murray [3/8])-109.57 (Murray [1/8]) support-zone. If USD/JPY cannot consolidate below the level of 110.15, the upward trend restoration and retest of the level 110.66 are possible. Assuming the pair’s ability to cross 110.66, the levels of 110.93 (Murray [8/8]) and the 111.13 (Murray [+1/8]) 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 pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 110.35, 110.15, 109.96, 109.76.
Resistance levels: 110.54, 110.74, 110.93, 111.13.

Trading recommendations

Short positions can be opened below the level of 110.35 with the target at around 110.15-109.96 and stop-loss 110.48.
Long positions can be opened above the level of 110.66 with the target at around 110.93-111.13 and stop-loss 110.48.

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I haven't read the whole thread here, but I did visit their website for that matter and I really liked what I have seen here. It have tons of cfds, metals, cryptos, stock and a lot of forex cuurency pairs for basically every case of life. And they compensate commissions, which is fantastic.

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USD/CAD: technical analysis 23.05.2019

USDCADH423052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of middle line of Bollinger Bands 1.3427 (Murray [4/8]) and can grow further to the levels of 1.3458 (Murray [5/8]). Assuming the pair’s ability to cross 1.3458 mark, the level of 1.3488 can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 1.3421, which is the middle line of Bollinger Bands. Additionally, pair’s sustained trading below this level could set the levels of 1.3397-1.3366 as next sellers target. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

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

Trading recommendations

Long positions can be opened above the level of 1.3458 with the target at around 1.3488-1.3519 and stop-loss 1.3438.
Short positions can be opened below the level of 1.3421 with the target at around 1.3397-1.3366 and stop-loss 1.3432.

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NZD/USD: technical analysis 23.05.2019

NZDUSDH423052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now the price is slightly corrected upwards, but the downward trend still maintains. The first target of the correction is the level of 0.6515 (Murray [3/8]), which corresponds to the middle line of Bollinger Bands. The level of 0.6500 might offer intermediate halt during the raise to correction’s target. The downward trend will be restored after the price is set below the level of 0.6485 (Murray [1/8]). In this case, the next targets of sellers will be the area of 0.6469 (Murray [0/8])-0.6439 (Murray [-2/8]). Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold area and is pointed sideways.

Support and resistance

Support levels: 0.6485, 0.6469, 0.6454, 0.6439.
Resistance levels: 0.6500, 0.6515, 0.6530, 0.6546.

Trading recommendations

Short positions can be opened below the level of 0.6485 with the target at around 0.6469-0.6439 and stop-loss 0.6503.
Long positions can be above the level of 0.6500 with the target at around 0.6515, 0.6530 and stop-loss 0.6490.

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XAU/USD: technical analysis 23.05.2019

XAUUSDH423052019-1024x576.png

Current trend

XAU/USD price continues to consolidate in the side channel after a significant decline over the last week. The instrument is now testing the support level of 1273.44 (Murray [2/8]). If the price is set below this level, the downward trend can restore, and the instrument can retest the support level of 1269.53 (Murray [1/8]). There is a high chance of an upward rebound from the level if 1269.53, while its breakdown can diver market to 1265.63 (Murray [0/8]) support zone. Pullback above 1274.74 (middle line of Bollinger Bands) could lead the price back to the 1277.34 (Murray [3/8]) level. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1273.44, 1269.53, 1265.63.
Resistance levels: 1274.74, 1277.34, 1281.25.

Trading recommendations

Short positions can be opened below the level of 1273.44 with the target at around 1269.53 and stop-loss 1274.44.
Long positions can be opened above the level of 1274.74 with the target at around 1277.34 and stop-loss 1273.90.

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USD/JPY: technical analysis 24.05.2019

USDJPYH424052019-1024x576.png

Current trend

On 4-hour chart, the price has tested the support level of 109.46 and was slightly corrected upwards, but the downward trend maintains. The level of 109.37 (Murray [0/8]) seem a key level for the sellers in short term period. The breakdown of 109.37 level and holding below it will let the price fall to the area of 109.18 (Murray [-1/8])-108.98 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 109.76, the correction can continue to the area of 109.96-110.15 (Murray [4/8]). Technical indicators mostly maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downwards trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the ovesold area and is pointed sidewayds.

Support and resistance

Support levels: 109.57, 109.37, 109.18, 108.98.
Resistance levels: 109.76, 109.96, 110.15, 110.35.

Trading recommendations

Short positions can be opened below the level of 109.57 with the target at around 109.37-109.18 and stop-loss 109.70.
Long positions can be opened above the level of 109.76 with the target at around 109.96-110.15 and stop-loss 109.63.

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EUR/USD: technical analysis 24.05.2019

EURUSDH4240520019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. EUR/USD is now trading above resistance level of 1.1169 (Murray [6/8]) and may aim for the 1.1200 (Murray [7/8]) resistance-zone. Assuming the pair’s ability to cross 1.1200 mark, the level of 1.1230 (Murray [8/8]) can be targeted if holding long positions. Alternatively, pullback below 1.1169 will let the price to fall to the area of 1.1160-1.1138 (Murray [5/8]). There is a chance of an upward rebound from the level of 1.1138, while its breakdown would allow the fall to continue to the level of 1.1108. 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 is in the overbought area and is pointed upwards.

Support and resistance

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

Trading recommendations

Long positions can be opened above the level of 1.1186 with the target at around 1.1200-1.1230 and stop-loss 1.1174.
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.

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USD/CHF: technical analysis 24.05.2019

USDCHFH424052019-1024x576.png

Current trend

On the 4-hour chart, USD/CHF pair begins today’s trading with slight bullish correction, but the general downward trend is still maintained. The downward trend will be restored after the price is set below the level of 1.0025 (Murray [1/8]). In this case, the next targets of sellers will be the area of levels 1.0009 (Murray [0/8])-0.9979 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.0055 (Murray [3/8]), the correction can continue to the area of 1.0070 (Murray [4/8])-1.0086 (Murray [5/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1.0025, 1.0009, 0.9994, 0.9979.
Resistance levels: 1.0040, 1.0055, 1.0070, 1.0086.

Trading recommendations

Short positions can be opened below the level of 1.0025 with the target at around 1.0009-0.9979 and stop-loss 1.0038.
Long positions can be opened above the level of 1.0055 with the target at around 1.0070-1.0086 and stop-loss 1.0045.

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AUD/USD: technical analysis 27.05.2019

AUDUSDH427052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.6927 (Murray [3/8]) and can grow further to the level of 0.6958 (Murray [4/8]). The level of 0.6958 seem a strong support, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 0.6958 mark, the level of 0.6988 (Murray [5/8]) can be targeted if holding long positions. Alternatively, pullback below the level of 0.6927 can fetching the AUDUSD to 0.6897 (Murray [2/8]) support, which coincided with 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 area of 0.6866 (Murray [1/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. 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: 0.6927, 0.6897, 0.6866,
Resistance levels: 0.6958, 0.6988, 0.7019.

Trading recommendations

Short positions can be opened below the level of 0.6927 with the target at around 0.6897-0.6866 and stop-loss 0.6947.
Long positions can be opened above the level of 0.6940 with the target at around 0.6958-0.6988 and stop-loss 0.6924.

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GBP/USD: technical analysis 27.05.2019

GBPUSDH427052019-1024x576.png

Current trend

On the 4-hour chart, GBP/USD is growing along the upper line of the Bollinger Bands. If the current trend maintains, the next targets of buyers will be the level of 1.2756 (Murray [1/8]). The breakout and pair’s sustained trading above the level of 1.2756 will let the price to grow to the area of 1.2817 (Murray [2/8]). Failure to conquer the 1.2756 mark seems fetching the GBP/USD to 1.2679 support. We should note that breaking 1.2679 (middle line of Bollinger Bands) level and holding below it will push the price back to 1.2634 (Murray [-1/8]) area. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1.2695, 1.2679, 1.2634, 1.2573.
Resistance levels: 1.2756, 1.2817, 1.2878, 1.2939.

Trading recommendations

Short positions can be opened below the level of 1.2679 with the target at around 1.2634 and stop-loss 1.2695.
Long positions can be opened above the level of 1.2756 with the target at around 1.2817 and stop-loss 1.2736.

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USD/JPY: technical analysis 27.05.2019

USDJPYH427052019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias. The instrument is correcting after the fall to the level of 109.26. Now the price is trying to consolidate above the level of 109.37 (Murray [0/8]), that holds the gate for its rise to 109.76 (Murray [2/8]) resistance-line. Assuming the pair’s ability to cross 109.76 mark, the levels of 109.96 (Murray [3/8])-110.15 (Murray [4/8]) can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 109.26. In this case, the sellers will aim for the 109.18 (Murray [-1/8])-108.98 (Murray [-2/8]) area. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 109.37, 109.26, 109.18, 108.98.
Resistance levels: 109.57, 109.76, 109.96, 110.15.

Trading recommendations

Short positions can be opened below the level of 109.26 with the target at around 109.18-108.98 and stop-loss 109.36.
Long positions can be opened above the level of 109.57 with the target at around 109.76-109.96 and stop-loss 109.44.

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USD/CAD: technical analysis 28.05.2019

USDCADH428052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a moderate negative dynamic. The price is approaching a strong support in the region of 1.3427 (Murray [4/8]). There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3397 (Murray [3/8]). Should prices continue slipping under 1.3397 mark, the levels of 1.3366 (Murray [2/8])-1.3336 (Murray [1/8]) might try activating an upward rebound. Alternatively, pullback above the level of 1.3458 (Murray [5/8]) could lead the price to the 1.3488 (Murray [6/8]) level. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1.3488 region. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic’s lines are pointed downwards.

Support and resistance

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

Trading recommendations

Long positions can be opened above the level of 1.3458 with the target at around 1.3488-1.3519 and stop-loss 1.3438.
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.

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NZD/USD: technical analysis 28.05.2019

NZDUSDH428052019-1024x576.png

Current trend

The NZD/USD pair begins today’s trading with slight bullish bias due to correction. The price went up above the level of 0.6546 (Murray [5/8]) and can grow further to the levels of 0.6561 (Murray [6/8]). If the “bulls” manage to raise the rate above the level of 0.6561, the buyers will aim for the area of 0.6576 (Murray [7/8])-0.6591 (Murray [8/8]) resistance area. The downward trend will be restored after the price is set below the level of 0.6530 (Murray [4/8]) , which is the middle line of Bollinger Bands. Pair’s sustained trading below this level could set the level of 0.6515-0.6500 as next sellers targets. Technical indicators mostly reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 0.6546, 0.6530, 0.6515, 0.6500.
Resistance levels: 0.6561, 0.6576, 0.6591, 0.6607.

Trading recommendations

Long positions can be above the level of 0.6561 with the target at around 0.6576-0.6591 and stop-loss 0.6551.
Short positions can be opened below the level of 0.6530 with the target at around 0.6515-0.6500 and stop-loss 0.6540.

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XAU/USD: technical analysis 28.05.2019

XAUUSDH428052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. At the moment the price has met the support at the level of 1282.29,which corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 1285.16 (Murray [5/8]), the correction can continue to the area of 1289.06 (Murray [6/8]). One may speak about downward movement continuation after the price consolidates below the support level of 1281.25 (Murray [4/8]), which is the key level for the sellers in shor-term period. In this case, the next targets of sellers will be the level of 1277.34 (Murray [3/8]). 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: 1281.25, 1277.34, 1273.44, 1269.53.
Resistance levels: 1285.16, 1289.06, 1292.97, 1296.88.

Trading recommendations

Short positions can be opened below the level of 1281.25 with the target at around 1277.34 and stop-loss 1282.50.
Long positions can be opened above the level of 1285.16 with the target at around 1289.06 and stop-loss 1284.00.

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      If you are going to succeed as a Forex trader, you must have a clear plan and strategy that allows you to thrive in real-time market conditions.
      And that's something you should DEFINITELY be doing.
      Many of these can be formulated as you continue to learn about the Forex market, while the use of a demo account through trading platforms like FP Markets allows you to apply this practically in a simulated environment and risk-free.
      Do Manage Your Expectations
      We touched earlier on the subject of emotive trading, which can also have an impact on you as an investor expectation. More specifically, the results of a large and successful trade can create an unrealistic perception of the market, and it is important to remember the loss that failed and command both are part and parcel of any trading experience. This is why you should always risk management measures such as stop-loss to protect your capital in the worst-case scenario.
      Do not listen to rumors
      Make no mistake; the Forex market is one of the most-watched and studied in the world, and in the era of social media it is not uncommon for a variety of rumors out during the trading day. You should try not to listen too closely to speculation that because it is much better to use news sources reliable and verified information wherever possible.
      Do not be greedy
      While greed may be a small factor in your decision to trade currencies, you do not have to let it be your master. The reason for this is simple; the excess of greed can weaken your patience and cause you to become an undisciplined investor who makes decisions based on the return potential than the survival of the trade.
      Don't take revenge on trading
      The term 'revenge trading' refers to the emotional reaction to the loss, as you can see for this chase and recover your lost capital. While it's natural to want to close you're lost as much capital as possible, it is always important to remain in the 'now' trade and execute orders based on the merit of each.
      In the end, Forex trading has some certain risks but if you follow the right steps and regulation then one day you may succeed in Forex. 
      And I really hope these steps which I've highlighted in this article will be benefited to many newbies and if you've any topic in mind that you want me to cover for you then please let me know.
    • By fxfarmerashik
      If you try to be a successful trader in the Forex, you should get something clues correctly. There are many major things you want to pay attention to. 
      So, today I’ll share with you some important tips that you will need along your way. These tips will guide you to sharpen your trading skills together with an eye on the most frequent weaknesses.
      Therefore, without any further ado, let’s dive right in.
      Knowledge is power
      Maybe it was normal that the starters brought in the early stages when they hit the road but you should always take precautions to educate yourself. If you do not, you may end up losing your investment.
       Therefore, it means that you must be very attentive to the educational resources that your broker has given you in the video and document formats. Additionally, you can ask your broker to give you a demo account so you can practice trading on it.
      Reliable Forex Broker
      A broker that offers clear terms of trade and the various encyclopedic assets is ideal for Forex broker. You should ensure that your broker offers to trade in certain instruments area. 
      He or she must provide a demo account where you can practice some trading skills before you go to market life. Years of experience and a well-establishment in the industry are the things that can help you to determine a reliable broker for you.
      Evaluate Fundamental
      When you are done with selecting a Forex broker, you should see if your capital designation for Forex exchange is not above or inadequate and decide your risk resilience.
      100% sure about the results you are looking for, and to achieve that you have to have an overall strategy in place.
      Be Wise While Choosing-Account Type
      Your broker may offer different types of accounts to ensure that one of them will meet your needs. It may seem like a simple process, however, choose the type of account that synchronizes with the experience and expectations. 
      The lower the risk, the higher the likelihood, therefore, it is wise to choose lower leverage.
      And if you want to choose Forex robot or software trading platforms then you should research a lot about the platforms. I think the FIX API trading platform will be best for you.
      Your working day is Similarly Important
      A few Forex exchange people to improve their standard salary by pointing out a few hours of work weekly. Meanwhile, others win alive by dedicating a lot of time and effort, perhaps at the full-time premise to get "compensation". 
      However, you have to be sensible and acknowledge that it was an example of "you only get what you put in" and given that it is likely to have a favorable opportunity, you can not expect to win on the "go".
      You can get off to a fast start with Forex trading if you keep insights and tips in your mind. In the event that you are pursuing a master's, you will be able to verify the results were great and anticipate the possibility to withdraw payment from your trading practice.
      Finally, there are also few facts like study the market, making analysis etc. In order to become a successful trader, you have to work hard.
      So, GOOD LUCK!
    • By fxfarmerashik
      The value of different currencies around the world depend on political events, economic and global social and fluctuates regularly.
      This allows traders engaged fluctuations in foreign exchange or Forex to earn money by basing the sale or purchase of currency on speculation the future value of a particular currency.
      Today the Forex market is worth more than $ 6 trillion and the largest financial market in the world.
      The global Forex market is important for the sustainability of international trade relations, import and export, and the global economic framework and provides a livelihood for thousands of Forex traders around the world.
      Read on to learn more about -
      - Forex trading strategy
      - The benefits of Forex trading
      - 5 best strategies for 19-20
      First of all, what is Forex trading?
      Forex trading is the basis for all international transactions and exceeded the volume of futures or stock market trading.
      The purpose of Forex trading is to exchange one currency for another in the faith that the value of the currency received will increase in the future.
      What are the different Forex trading strategies?
      Forex traders use many strategies and methods of analysis to determine the best time to buy and sell currencies. Here are the most important strategies involved in Forex trading.
      Fundamental Analysis: Fundamental analysis looks at the integral indicator of the economy to understand if the currency is likely to be undervalued or overvalued in the future. This method can be a little daunting because it involves a lot of data elements of a country's economy.
      This method also analyzes currency inflows and outflows in addition to economic news releases in the country.
      Technical Analysis: Many traders favor this strategy as it gives a decent insight into the predictive value of the currency. It involves reviewing past behavior and recently to predict the value of the currency in the future.
      Technical analysis involves a long list checklist for detecting small fluctuations in currency trends. It provides merchants with a visual and scientific basis to determine when to buy and sell currencies.
      Trade Trends: This method involves identifying a trend of increase or decrease in the price movement of the currency. Using these trends to determine the best time to buy and sell currencies based on the strength of a trend.
      This method involves a variety of factors such as the moving average, the value of the currency now and the relative strength indicator to calculate trends.
      Swing Trading: This strategy looks to set up shop during the 'swing' trading-day period. This period is when the market registers the maximum activity. This strategy reduces the false price movements observed during the lean period.
      Breakout Trade: Trade Breakout identifies the entry point of various trades before trading. If the price of the currency broke out of its range, traders can assume that the trend will continue. Similarly, if the price falls below the range, traders will know better than to sell the currency.
      Why do you have to learn Forex trading?
      Here are the main reasons that should convince you to invest the time and money to pursue a course in Forex trading.
      It can serve as an additional income: Trading in foreign exchange can help you supplement your income from a steady job, which can ease your financial situation. However, it is important to note that it takes to build skills and intuition in the subject.
      It is less dependent on the labor market: It serves as a perfect source of income because they do not get a lot of the work rate or downsizing in the companies affected.
      You can choose the timing of your work: Unlike the stock market which is open for only six hours a day, the Forex market is open 24 hours for 5 days a week trading. This gives you the flexibility to choose your work schedule.
      It involves lower transaction costs: Due to less number of intermediaries in the business, Forex trading has significantly less transaction costs unlike other types of trading. This will reduce your expenses and increase your profit margins.
      You can work anywhere: You can access the Forex market from every part of the world as long as you have a computer and an internet connection to work. These days, it is even possible to trade when you travel with the help of a smartphone.
      While all of the strategies involved in Forex trading, it takes time and technical expertise to know which one will be used at certain times. Pursuing a short course on Forex trading can help you become an experienced trader.
    • By fxfarmerashik
      FOREX trading might sound to you like something unique, but it’s not difficult to explain because most people consider it tough to understand.
      Though it is true, this is different from what you normally use in other capital markets, but the ideas behind it are the same; to get as much profit as possible in a very short time.
      The Forex exchange market is the largest market in the world without anyone approaching it. It is traded in trillions of dollars a day all the time, so it is attractive to both; traders who trade in small or larger sizes because Forex trading is relatively easy to complete your trade and the cost of doing business is much lower.
      So, without any further ado, let’s dive right into Forex trading and how it works.
      What is Forex trading?
      Forex is a synonym of foreign exchange, so basically it is trading one currency with another currency. Most of us have probably done this kind of exchange, manually if not electronically.
      For example, if you go on holiday to Malaysia, you must convert your money to Malaysian ringgit, or if you go to the US for a vacation; You will spend USD in the US. This is a form of Forex trading where you sell your own domestic currency for foreign currencies.
      How does a Forex broker work?
      Forex brokers are basically intermediaries who buy and sell on behalf of someone. Every time you work through a broker, he will get some money as a commission called a spread.
      Now, the great thing about the Forex market today is that the spreads are far lower because Forex brokers are very competitive businesses.
      When you open an account with a good broker like Exness, they will do what is known as KYC, called Know Your Clients.
      So, that means you have to show some credentials to ensure that you have good credit, especially if they give you leverage (lend money to trade).
      Who trades Forex and why?
      On a much larger scale, trade is carried out by central banks, large banks, companies, governments, and retail traders.
      Central banks intervene in the foreign exchange market to bring a balance in the currency so that they remain competitive in exports.
      So, they sell their own domestic currency on a large scale to buy whatever relevant raw materials they need from other countries.
      Finally, retail traders; like you or me, speculate in the Forex market for profit.
      The advantage of Forex trading
      High Liquidity
      So, every time you place an order on the Forex market, you don’t need to worry about completing your trade because there are many buyers and sellers in the market.
      According to the latest survey, Forex traders have jumped close to 10 million in the market.
      Risk management
      Forex allows you to trade very small lot sizes. Unlike stocks, where there is a large risk involved, in Forex, you don’t need to trade big to get big profits.
      Open 24/7
      Forex gives you the option to trade whenever you want, Monday to Friday. You can wake up early or late at night. You can go home from your daily work, and the Forex market will remain open and in full bloom.
      So, in the end, Forex trading is now on the edge of online trading. Though many people still don’t know how it works. So, for them, if you have any question in my mind regarding Forex trading then please let me know.
    • By fxfarmerashik
      The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.

      Very Low Spread

      IC Markets recommends several tight spreads from all Foreign exchange brokers globally. Spreads on EUR / USD can often be seen at 0.0 pips during European and North American trading sessions. The average spread on EUR / USD is 0.1 pip 24/5. This is currently the most stringent EUR / USD average spread from any broker globally.

      No Restrictions on Trading - Scalping Allowed

      CTrader IC Markets Platform has no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place an order between spreads because there is no minimum order distance and a freezing level of 0. This means orders including stop-loss orders can be placed as close to the market price you want. Traders can also hedge positions because there is no first exit rule (FIFO) with IC Markets.

      Price Level II - Market Depth

      CTrader market depth shows the full range of executable prices that come directly from liquidity providers. Orders are fulfilled for full order books using Volume Weighted Average Price (VWAP). The cTrader platform offers transparent liquidity for each currency pair by showing the available volume for each price level at a certain time. High liquidity, spot prices are out of sync, and low latency guarantees the tightest spread possible.

      About IC Markets

      IC Markets is the only forex True ECN broker in the world that provides trading solutions for active traders and brokers, as well as traders who are new to the forex market. IC Markets offers its clients the leading trading platform, low latency connectivity, and superior liquidity. IC Markets revolutionizes online forex trading online traders can now gain access to prices and liquidity that were previously only available to investment banks and high net worth individuals.

      For more information: https://www.topasiafx.com/best-forex-broker/ic-markets

      So, my trader fellows, read the process of choosing a trustable, reputable and almost best broker platform to start trading for the modern days: https://www.topasiafx.com/blogs/15-best-choosing-ways-of-a-trusted-forex-broker

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
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