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

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USD/CAD: technical analysis 11.07.2019

USDCADH411072019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price is approaching a strong support in the region of 1.3046 (Murray [-1/8]). Should prices continue slipping under 1.3046 mark, the level of 1.3031 (Murray [-2/8]) might try activating a upward rebound. Assuming the pair’s ability to cross 1.3031 level, the mark of 1.3000 can be targeted if holding sell positions. Alternatively, pullback above the level of 1.3071 and pair’s sustained trading above this level will let the price to grow to the area of 1.3092 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. One may speak about upward movement continuation after the price consolidates above the level of 1.3092. In this case, the next targets of buyers will be the level of 1.3107 (Murray [3/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1.3046, 1.3031, 1.3000.
Resistance levels: 1.3061, 1.3076, 1.3092.

Trading recommendations

Short positions can be opened below the level of 1.3046 with the target at around 1.3031-1.3000 and stop-loss 1.3060.
Long positions can be opened above the level of 1.3071 with the target at around 1.3092-1.3107 and stop-loss 1.3059.

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USD/CHF: technical analysis 11.07.2019

USDCHFH411072019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. USD/CHF is now testing the support level of 0.9857 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.9857. In this case, the next targets of sellers will be the level of 0.9826 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.9887 (Murray [4/8]), the correction can continue to the area of 0.9918 (Murray [5/8]), which coincided with 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 diverging, reflecting the active development of the general 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: 0.9857, 0.9826, 0.9796, 0.9765.
Resistance levels: 0.9887, 0.9918, 0.9948, 0.9979.

Trading recommendations

Short positions can be opened below the level of 0.9857 with the target at around 0.9826 and stop-loss 0.9867.
Long positions can be opened above the level of 0.9887 with the target at around 0.9918 and stop-loss 0.9877.

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AUD/USD: technical analysis 12.07.2019

AUDUSDH412072019-1024x576.png

Current trend

On the 4-hour chart, AUD/USD is growing along the upper line of the Bollinger Bands. If the current trend maintains, the next targets of buyers will be the area of levels 0.7003 (Murray [7/8])-0.7019 (Murray [8/8]). The 0.7019 level seem tough resistance as break of which can accelarate the price towards the area of levels 0.7034 (Murray [+1/8]) – 0.7049 (Murray [+2/8]). Alternatively, pullback below the level 0.6988 will let the price to fall to the area of 0.6973 (Murray [5/8]) – 0.6958 (Murray [4/8]). There is a chance of an upward rebound from the level of 0.6958, while its breakdown would allow the fall to continue to the area of 0.6942 (Murray [3/8])-0.6927 (Murray [2/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging. The volumes of MACD histogram are growing in the positive zone. Stochastic in in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.6988, 0.6973, 0.6958, 0.6942.
Resistance levels: 0.7003, 0.7019, 0.7034, 0.7049.

Trading recommendations

Short positions can be opened below the level of 0.6988 with the target at around 0.6973-0.6958 and stop-loss 0.6998.
Long positions can be opened above the level of 0.7003 with the target at around 0.7019-0.7034 and stop-loss 0.6993.

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USD/JPY: technical analysis 12.07.2019

USDJPYH412072019-1024x576.png

Current trend

USD/JPY is in the stage of downward correction after raising to the level of 108.59 (Murray [4/8]). If the current trend maintains, the next targets of sellers will be the level of 108.20 (Murray [2/8]). The breakdown of the level 108.20 can accelerate the pair towards the mark of 108.00 (Murray [1/8]) and 107.81 (Murray [0/8]). Meanwhile, the level of 107.81 might try activating an upward rebond. One may speak about upward movement continuation after the price consolidates above the resistance level of 108.59 (Murray [4/8]). Pair’s sustained trading beyond above this level could set the area of levels 108.78 (Murray [5/8])-108.98 (Murray [6/8]) on buyers’ radar. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the nagative 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: 108.20, 108.00, 107.81, 107.61.
Resistance levels: 108.39, 108.59, 108.78, 108.98.

Trading recommendations

Short positions can be opened below the level of 108.20 with the target at around 108.00-107.81 and stop-loss 108.33.
Long positions can be opened above the level of 108.20 with the target at around 108.00-107.81 and stop-loss 108.32.

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GBP/USD: technical analysis 12.07.2019

GBPUSDH412072019-1024x576.png

Current trend

The GBPUSD pair begins today’s trading with slight bullish bias. If the current trend maintains, the upward movement continuation and retest of the level 1.2573 (Murray [4/8]) are possible. The level of 1.2573 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, pair’s sustained trading above this level will set the level of 1.2603 (Murray [5/8]) as next buyers target. The downward trend will be restored after the price is set below the level of 1.2505, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.2481 (Murray [1/8])-1.2451 (Murray [0/8]). Technical indicators reflect the maintenance of the current upward trend. Bollinger Bands are diverging. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.2512, 1.2481, 1.2451, 1.2390.
Resistance levels: 1.2542, 1.2573, 1.2603, 1.2634.

Trading recommendations

Short positions can be opened below the level of 1.2505 with the target at around 1.2481-1.2451 and stop-loss 1.2535.
Long positions can be opened above the level of 1.2573 with the target at around 1.2603-1.2634 and stop-loss 1.2553.

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USD/JPY: technical analysis 15.07.2019

USDJPYH415072019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias within the correction. Now the price is trying to consolidate above the resistance level of 108.00 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 108.20 (Murray [2/8]), the correction can continue to the area of level 108.39 (Murray [3/8]). If USD/JPY cannot consolidate above the level of 108.00 during short term period, the downward movement restoration and retest of the level 107.81 (Murray [0/8]) are possible. One may speak about downward movement continuation after the price consolidates below the support level of 107.81. In this case, the next targets of sellers will be the level of 107.61 (Murray [1/8])-107.42 (Murray [-2/8]). 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 has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 108.00, 107.81, 107.61, 107.42.
Resistance levels: 108.20, 108.39, 108.59, 108.78.

Trading recommendations

Short positions can be opened below the level of 107.81 with the target at around 107.61-107.42 and stop-loss 107.94.
Long positions can be opened above the level of 108.20 with the target at around 108.39-108.59 and stop-loss 108.07.

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NZD/USD: technical analysis 15.07.2019

NZDUSDH415072019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price went up above the level of 0.6713 (Murray [8/8]) and can grow further to the area of 0.6729 (Murray [+1/8]) and 0.6744 (Murray [+2/8]). This area may activate an downward rebound. If the “bulls” manage to decline the rate below the level of 0.6713 (Murray [8/8]), the downward movement can continue to the area of 0.6698 (Murray [7/8])-0.6683 (Murray [6/8]). Technical indicators reflect the maintenance of the current upward potential. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.6713, 0.6698, 0.6683, 0.6668.
Resistance levels: 0.6729, 0.6744, 0.6763, 0.6795.

Trading recommendations

Long positions can be above the level of 0.6722 with the target at around 0.6744-0.6763 and stop-loss 0.6702.
Short positions can be opened below the level of 0.6713 with the target at around 0.6698-0.6683 and stop-loss 0.6723.

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XAU/USD: technical analysis 15.07.2019

XAUUSDH415072019-1024x576.png

Current trend

XAU/USD quotes attempted to grow, but reaching 1419.56 mark moved to a downward correction. The first target of the correction is the level of 1409.40, which corresponds to the middle line of Bollinger Bands. Pair’s sustained trading below this level will let XAU/USD fall to the level of 1406.25 (Murray [4/8]), which is the key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1398.44 (Murray [3/8]). The upward trend will be restored after the price is set above the level of 1421.88 (Murray [6/8]). In this case, the next targets of buyers will be the level of 1427.09. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly decreasing 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: 1409.40, 1406.25, 1398.44.
Resistance levels: 1414.06, 1419.56, 1421.88.

Trading recommendations

Short positions can be opened below the level of 1409.40 with the target at around 1406.25 and stop-loss 1410.70.
Long positions can be opened above the level of 1419.56 with the target at around 1421.88 and stop-loss 1418.80.

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USD/CHF: technical analysis 16.07.2019

USDCHFH416072019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias, but reaching 0.98541 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.98419 (Murray [1/8]), the downward movement can continue to the area of 0.98267 (Murray [0/8]). The level of 0.98267 seem tough support as break of which can diver market to 0.98114 (Murray [-1/8]) rest-points. Should prices continue slipping under 0.98114 mark, the level of 0.97961 (Murray [-2/8]) might try activating a upward rebound. Alternatively, pullback above the level of 0.98572 (Murray [2/8]) will let the price to grow to the area of 0.98724 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are directed down. MACD volumes are decreasing in the negative zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.98419, 0.98267, 0.98114, 0.97961.
Resistance levels: 0.98572, 0.98724, 0.98877, 0.99030.

Trading recommendations

Short positions can be opened below the level of 0.98419 with the target at around 0.98267 and stop-loss 0.98470.
Long positions can be opened above the level of 0.98572 with the target at around 0.98724 and stop-loss 0.98521.

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USD/CAD: technical analysis 16.07.2019

USDCADH416072019-1024x576.png

Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.30580. The price is approaching a support in the region of 1.30463 (Murray [3/8]). Assuming the pair’s ability to cross 1.30463 mark, the levels of 1.30360-1.30310 (Murray [3/8]) can be targeted if holding short positions. The upward trend will be restored after the price is set above the level of 1.30615 (Murray [4/8]). In this case, the next targets of buyers will be the level of 1.30768 (Murray [5/8]). The technical picture is mixed. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing in the negative zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1.30463, 1.30310, 1.30157.
Resistance levels: 1.30615, 1.30768, 1.30920.

Trading recommendations

Short positions can be opened below the level of 1.30463 with the target at around 1.30310 and stop-loss 1.31510.
Long positions can be opened above the level of 1.30615 with the target at around 1.30768 and stop-loss 1.30564.

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EUR/USD: technical analysis 16.07.2019

EURUSDH416072019-1-1024x576.png

Current trend

On the 4-hour chart, EUR/USD pair continues to consolidate in the side channel with the borders 1.12594-1.12627. If the “bulls” manage to raise the rate above the level of 1.12705, the correction can continue to the area of 1.12831, 1.12915. The level of 1.12915 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.12915 (Murray [2/8]) can accelerate the pair towards 1.13220 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 1.12475. In this case, the next targets of sellers will be the level of 1.12305 (Murray [0/8]), which seem a key level for the sellers in short term period. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.12152. Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.12475, 1.12305, 1.12152.
Resistance levels: 1.12610, 1.12705, 1.12831.

Trading recommendations

Short positions can be opened below the level of 1.12475 with the target at around 1.12305 and stop-loss 1.12525.
Long positions can be opened above the level of 1.12705 with the target at around 1.12831 and stop-loss 1.12665.

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USD/JPY: technical analysis 17.07.2019

USDJPYH417072019-1024x576.png

Current trend

USD/JPY quotes attempted to grow, but reaching 108.371 mark moved to a downward correction. The first target of the correction is the level of 108.062, which corresponds to the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 107.813 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 108.322, the upward movement can continue to the area of 108.398 (Murray [3/8]), that holds the gate for its rise to 108.594 (Murray [4/8]) resistance-line. Technical indicators mostly reflect the moderate maintenance of the downward trend. Bollinger Bands are converging, on the background of bearish movement. Stochastic’s lines are pointed downwards. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods.

Support and resistance

Support levels: 108.203, 108.008, 107.813, 107.617.
Resistance levels: 108.398, 108.594, 108.789.

Trading recommendations

Short positions can be opened below the level of 108.203 with the target at around 108.008 and stop-loss 108.270.
Long positions can be opened above the level of 108.398 with the target at around 108.594 and stop-loss 108.340.

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AUD/USD: technical analysis 17.07.2019

AUDUSDH417072019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down above the middle line of Bollinger Bands and can fall further to the level of 0.70038 (Murray [7/8]). Assuming the pair’s ability to cross 0.70014 level, the mark of 0.69885 (Murray [6/8]) can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 0.70190 (Murray [8/8]),which coincided with the middle line of Bollinger Bands, the correction can continue to the area of 0.70343 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are converging on the background of bearish movement. MACD volumes are decreasing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.70038, 0.69885, 0.69733.
Resistance levels: 0.70190, 0.70343, 0.70496.

Trading recommendations

Short positions can be opened below the level of 0.70038 with the target at around 0.69885 and stop-loss 0.70088.
Long positions can be opened above the level of 0.70190 with the target at around 0.70343 and stop-loss 0.70145.

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GBP/USD: technical analysis 17.07.2019

GBPUSDH417072019-1024x576.png

Current trend

The GBP/USD pair begins today’s trading with slight bullish bias on the background of upward correction. At the moment the price has met the resistance at the level of 1.24207 (Murray [-1/8]). If the “bulls” manage to raise the rate above this level, the correction can continue to the area of 1.24512 (Murray [0/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 1.24702. A significant decrease is possible after the breakdown of the level 1.23901 (Murray [-2/8]). In this case, the next targets of sellers will be the area of level 1.23657. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current trend. The volumes of MACD histogram are growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.23901, 1.23800, 1.23657.
Resistance levels: 1.24207, 1.24512, 1.24702.

Trading recommendations

Short positions can be opened below the level of 1.23901 with the target at around 1.23800-1.12657 and stop-loss 1.23970.
Long positions can be opened above the level of 1.24207 with the target at around 1.24512 and stop-loss 1.24107.

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USD/JPY: technical analysis 18.07.2019

USDJPYH418072019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 107.617 (Murray [-1/8]). Assuming the pair’s ability to cross 107.617 level, the mark of 107.527-107.422 (Murray [-2/8]) can be targeted if holding sell positions. If the “bulls” manage to raise the rate above the level of 107.813 (Murray [0/8]), the correction can continue to the area of level 108.008 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging. MACD is actively growing in the negative zone. Stochastic is the in the oversold area and is pointed downwards.

Support and resistance

Support levels: 107.617, 107.527, 107.422.
Resistance levels: 107.813, 108.008, 108.203.

Trading recommendations

Short positions can be opened below the level of 107.617 with the target at around 107.527-107.422 and stop-loss 107.675.
Long positions can be opened above the level of 107.813 with the target at around 108.008 and stop-loss 107.760.

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NZD/USD: technical analysis 18.07.2019

NZDUSDH418072019-1024x576.png

Current trend

The NZD/USD pair begins today’s trading with bullish bias. If the current trend maintains, the next targets of buyers will be the level of 0.67444 (Murray [5/8]), which seem a sttrong support. There is a high chance of a downward rebound, while its breakout can accelerate the pair towards 0.67576 level. The downward trend will be restored after the price is set below the level of 0.67216, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the area of levels of 0.67139 (Murray [4/8])-0.66983. Technical indicators reflect the maintenance of the current upward potential. Bollinger Bands are directed up. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 0.67216, 0.67139, 0.66995.
Resistance levels: 0.67444, 0.67576, 0.67749.

Trading recommendations

Long positions can be above the level of 0.67444 with the target at around 0.67576 and stop-loss 0.67404.
Short positions can be opened below the level of 0.67216 with the target at around 0.67139 and stop-loss 0.67241.

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XAU/USD: technical analysis 18.07.2019

XAUUSDH418072019-1024x576.png

Current trend

XAU/USD quotes attempted to grow, but reaching 1419.50 mark moved to a downward correction. The instrument is now testing the support level of 1421.88 (Murray [8/8]). Assuming the pair’s ability to cross 1421.88 level, the mark of 1417.97 (Murray [7/8]) can be targeted if holding short positions. If the instrument cannot consolidate below the level of 1421.88 during short term period, then it can retest the resistance level of 1429.50. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1425.78 (Murray [+1/8])-1429.69 (Murray [+2/8]) region. Technical indicators mostly reflect the maintenance of the downward potential, , but the upward correction is not excluded. Bollinger Bands are diverging, reflecting the active development of the downward trend. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. MACD histogram is in the positive zone keeping a signal for the opening of long positions.

Support and resistance

Support levels: 1421.88, 1417.97, 1414.06.
Resistance levels: 1425.78, 1429.69, 1431.17.

Trading recommendations

Short positions can be opened below the level of 1409.40 with the target at around 1406.25 and stop-loss 1410.70.
Long positions can be opened above the level of 1425.78 with the target at around 1429.69 and stop-loss 1424.40.

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USD/CHF: technical analysis 19.07.2019

USDCHFH419072019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The main target of the correction is the level of 0.98572, which almost corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 0.98419 might offer intermediate halt during the raise to correction target. There is a high chance of an downward rebound from the level of 0.98572, while its breakout would allow the raise to continue to the area of 0.98724 (Murray [3/8]). One may speak about downward movement continuation after the price consolidates below the support level of 0.98114 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 0.97961 (Murray [-2/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.98267, 0.98114, 0.97961.
Resistance levels: 0.98419, 0.98572, 0.98724.

Trading recommendations

Long positions can be opened above the level of 0.98419 with the target at around 0.98572 and stop-loss 0.98370.
Short positions can be opened below the level of 0.98114 with the target at around 0.97961 and stop-loss 0.98160.

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USD/CAD: technical analysis 19.07.2019

USDCADH419072019-1024x576.png

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias due to upward correction. The first target of the correction is the level of 1.30532, which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1.30463 (Murray [3/8]) 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 1.30532 level, the mark of 1.30615 (Murray [4/8]) can be argeted if holding long positions. The downward trend will be restored after the price is set below the level of 1.30157 (Murray [1/8]). In this case, the next targets of sellers will be the level of 1.30005 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards and is ready to exi the oversold zone and form a buy signal.

Support and resistance

Support levels: 1.30310, 1.30157, 1.30005.
Resistance levels: 1.30463, 1.30615, 1.30768.

Trading recommendations

Long positions can be opened above the level of 1.30400 with the target at around 1.30532 and stop-loss 1.30360.
Short positions can be opened below the level of 1.30157 with the target at around 1.30005 and stop-loss 1.30207.

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EUR/USD: technical analysis 19.07.2019

EURUSDH419072019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.12815. The instrument is now testing the support level of 1.12610 (Murray [6/8]). If the current trend maintains, the next targets of sellers will be the area of 1.12457 (Murray [5/8])-1.12305 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.12762, the upward trend can restore, and the instrument can test the resistance level of 1.12915 (Murray [8/8]). The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets. The volumes of MACD histogram are 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: 1.12610, 1.12457, 1.12305.
Resistance levels: 1.12762, 1.12915, 1.13068.

Trading recommendations

Short positions can be opened below the level of 1.12610 with the target at around 1.12457 and stop-loss 1.12660.
Long positions can be opened above the level of 1.12762 with the target at around 1.12915 and stop-loss 1.12711.

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      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
    • By fxfarmerashik
      The advent of international trade has brought many benefits, one of which is to consolidate the foundations of globalization.
      While other factors such as global peace and stability played a crucial role in the foundation of globalization and the laws that governed it, international trade was essential to accelerate the process.
      In doing so, countries have been able to export crucial resources to other countries in the world and to import indispensable resources.
      In addition, the changes during the period have also led these countries to put in place a monetary system. Initially, these currencies were attached to a specific commodity - gold at the time - and then to the US dollar.
      However, as history will have it, most countries have finally chosen not to join and have finally adopted a floating monetary regime, one in which a country's currency is allowed to fluctuate according to the forces of the country demand and supply on the market and not controlled by a government or indexed to a specific dominant currency (as was the case under the aforementioned regime).
      As more and more countries have started to participate in international trade, the above-mentioned monetary regime has been widely adopted by these countries.
      All of this progress was made at a time when the economy and finance were on a growth trajectory as more and more research was conducted on the pricing and hedging mechanisms for different financial products.
      Research on stochastic methods, bivariate analysis, and other complex financial models has dominated this space, leading to new methods of forecasting the movements and future prices of currencies and other financial products such as currency derivatives.
      The result of the currency trading instruction meant that currencies were at the top of this new paradigm of finance and that currency trading was resulting.
      As with any new financial product, developments in the financial markets have led to the rapid adoption of different currency pricing mechanisms. This led to a change in the hedging structures of these financial products, which led to the start of currency transactions.
      These exchanges were based on movements in the financial markets, in particular, foreign exchange markets, which in turn were driven both by foreign exchange - the import and export of a country's products - as well as by foreign investment.
      in a country. with stronger policies encouraging investments as well as those with higher mechanization - used to ensure greater value added to their natural resources - had much stronger currencies than their counterparts).
      Over time, new research has been undertaken in this area, which has resulted in technical and fundamental currency analysis. These methods have revolutionized the way different currency traders perceive trading, as well as the strategies and analyzes associated with them. In this article, we examine some of the currency trading strategies and briefly evaluate some of the tools needed to trade hard currencies.
      Forex Trading Strategies: An Introduction
      The way to understanding currency trading developments in the money markets, accurately anticipating anticipated developments and exploiting one's comprehension of future developments, making an arrival/cash all the while.
      When trading monetary standards (otherwise called Forex trading), there are various elements which figure out which strategy one ought to pursue. Key among this is to comprehend the term of your speculation: short, medium or long.
      While a few financial specialists hope to transient exchanges, for example, minutes or even hours, a few techniques work better with medium-or longer-term speculators who hold positions for quite a long time, weeks or now and again, months.
      An examination of economic situations additionally assumes an urgent job in Forex trading. Besides, while it is apparently rewarding to use more or incorporate higher capital in one's exchange in order to help the profits, given the unstable idea of the Forex advertise, unforeseen swings may have critical results on one's portfolio and crash one's speculation.
      In that capacity, a comprehension of hazard the executives are exhorted for financial specialists in this market.
      It is additionally imperative to bring up that there are various variables which decide how well your forex exchanges will play out, some of which are explicit to various people. While there are various techniques which have been back tried and explored by particular cash traders, individual inclinations and dispositions additionally influence the trading process.
      As an outcome, while the strategies checked on in this piece have worked for previous traders, one should test them for their particular exchanges in order to guarantee that they work for them.
      Sorts of Trading Strategies
      There are various Forex trading techniques which have been embraced by the monetary markets, some which are explicit to specific exchanges which have been made previously. In any case, in this segment, we audit principally systems which have been embraced, looked into and back tried by forex traders.
      Day Trading
      Day exchanges include one holding their portfolio for no longer than one day. Such exchanges exploit intraday unpredictability hence speculators investigate transient exchanges as a method for boosting their portfolio development.
      Similarly, as with the name, such exchanges are not intended to be held for longer than a multi-day and this empowers the speculator to maintain a strategic distance from the hazard related with enormous Forex developments which may happen medium-term.
      Such financial specialists will in this way almost certainly be engaged with five-moment to hourly exchanges dependent on their investigation of specialized devices instead of on macroeconomic and principal examination.
      The outcome, nonetheless, is that such exchanges are inclined to noteworthy changes, some which can crash one's whole position. They in this way expect one to have a reasonable comprehension of specialized investigation, particularly on the planning of passage and exit of an exchange.
      Scalping
      Likewise, with any cash, there are both offered and offer costs. The distinction between these two costs is known as the offer/offer spread. Scalping is a transient trading strategy which includes a trader attempting to beat the offer/offer spread and make some benefit out of skimming a couple of focuses before shutting the exchanges.
      By and large, hawkers have an enthusiasm for downturns in the market and how they can exploit them and this is for the most part surveyed through the request stream device.
      While this is the situation, the combination of automation with cash trading has come to reform this fragment because of the lot quicker adjustment to changes like (FIX API). As calculations audit this spread and make brisk exchanges, they incapacitate people from making 'exchange openings' or skim away focuses as with scalping.
      Scalping, in this manner, expects one to be reliably evaluating their exchanges (for a considerable length of time here and there) and making quick exchanges the procedure.
      At last, it likewise necessitates that people contribute high measures of capital as the exchange expenses related to these exchanges may crash any benefit which might be produced using little size exchanges.
      Position Trading
      In contrast to the past two, this is an all the more long haul trading strategy (hold one's situation for a considerable length of time or even months) which involves a trader attempting to make a benefit from huge changes in the market. Given the idea of such huge cash developments, the majority of these developments are driven by basics and changes in macroeconomic factors.
      For such exchanges, one initially has a perspective on the macroeconomic conditions influencing a particular exchange, for example, understanding the explanations behind the GBP being relied upon to pick up against the USD over a particular period, state financing cost climbs in Britain.
      One that is clear, the trader will at that point examine specialized apparatuses in order to comprehend when is the best time to get into an exchange just as leave the exchange. This procedure is known as shaping a position, subsequently its name.
      This sort of trading has much lower hazard when contrasted with different types of trading given that the trader isn't influenced by intraday instability.
      In any case, while it will, in general, be more beneficial than other trading techniques, this strategy likewise expects one to infuse a great deal of capital and have a reasonable comprehension of central investigation.
      Swing Trading
      Now and then the Forex market encounters noteworthy single developments. In fact, some of them are known as moving normal ricochets or exchange pullbacks and breakouts, all which see the market move one way or radically influence from a leaning back position to a benefit position. Every one of this is incorporated into a class known as a swing.
      Swing trading enables a trader to exchange on such enormous single developments. This strategy is a short-to the medium-term strategy which sees the financial specialist clutch exchanges for a considerable length of time or weeks and which sees them evaluating value examples and attempting to benefit from them.
      Dissimilar to position exchanges, there are more open doors for one to benefit from swing exchanges consequently financial specialists who have a reasonable comprehension of specialized investigation instruments can profit significantly from this.
      Moving Average Trading
      Moving midpoints structure a huge part of specialized examination instruments. The moving normal is a measurable investigation toolbox which examinations the normal incentive over a progression of information: for a pool of week by week information of around one year, the moving normal will be utilized to break down the proceeded with a normal incentive in the course of the last say a month.
      This technique at that point keeps on finding the normal over a four-week time frame recursively over the whole year. The moving normal is a slacked normal and is helpful in clarifying the distinction in execution between the short and long haul.
      On account of a rising moving normal, the present moment generally will, in general, be beating the long haul and the other way around remains constant for the declining moving normally.
      Associated with candlesticks, the above is an important bargaining toolbox. In this case, one can configure their technical tool to buy when the candlestick is above the moving average and sell when the candlestick is below the moving average.
      The rationale is supported by the fact that, for the average of the former, there is an upward dynamic that should push the currency higher than its average value in the short run and a buy recommendation is therefore given.
      On the contrary, for the latter, there is a downward pressure which should lead to an underperformance of the security relative to the moving average in the short term, thus requiring a sale of securities.
      50 pips Trading Pullback
      The above is a bargaining option for scalpers that take advantage of morning movements. It works best with the most liquid currency pairs such as EUR / USD or GBP / USD. The trader fixes a 50-pips perspective on the currency's position, both in recovery and in retreat.
      The trader opens two opposing positions, which means he is looking to take advantage of a reversal of the aforementioned positions. At the opening of one of the above positions, the other transaction is immediately closed.
      As with other short-term strategies, the above is a risky strategy and requires the inclusion of stop loss so that the trader does not incur significant losses. However, these movements tend to make traders realize minimal profits early in the morning before other moves during the day.
      Conclusion
      Although there are many methods of trading; However, the six strategies above have been tested in the past and have been found to be effective for traders. These, however, do not include all strategies as more and more investors develop their own strategies that worked for them.
      In addition, technical analysis tools such as Bollinger Bands, Candlesticks, Mobile Mean Convergence divergence (MACD), Alligator and Fibonacci tools also play a vital role in ensuring that investors are actually analyzing their transactions.
      In conclusion, even if there are different strategies, they should be evaluated and the most appropriate for each individual. Each of the above strategies is categorized based on the capital investment required to complete a transaction, in the short or long term, and thereafter.
      While some investors prefer risky investments, others will need certainty to invest, making them less likely to take risks. Thus, different options will work better for different people depending on these different factors.
      Overall, Forex trading is an important financial product that offers investors a great way to create wealth in both short- and long-term trading options. Investors will benefit greatly from considering this wealth creation option.
    • By fxfarmerashik
      Foreign exchange (Forex) is the process of converting one currency into another.
      Currency is important for everyone in the world, and treading foreign currencies has become an efficient way to increase bank balances.
      Foreign exchange trading is very popular, so overall, around 5.3 billion USD is traded every day as Forex by governments, banks and companies from various countries. 
      In the past few years, the popularity of Forex has increased because climbing Forex is really profitable in the short and long term.
      Here are some tips that will help you as a beginner to become proficient in Forex Trading.
      Know everything
      As a newbie when you know about the benefits of Forex trading, you want to invest it without knowing everything about it.
      That's one of the most common mistakes and suicide. As a trader, you must know all about Forex trading. Before you start your journey on Forex, find out about each different trading style and risk profile.
      Determine Goals and Styles
      Setting goals always help you plan your trip, and the same rules apply to Forex trading. As a beginner, first, decide that Forex trading is really difficult because of unrealistic expectations.
      It is recommended that you start your Forex trading journey with the best trading brokers and software.
      Broker and Trade Platforms
      The broker and trading platform that you choose determines many things about your success. It is wise to invest more time in finding famous brokers and to find out about their policies. 
      As a trader, you also need to know about trading on the free market and trading on an exchange-driven market.
      A good combination of brokers with good platforms is not easy to find but is the only way to get success in Forex trading.
      For that, you will have to choose the best broker that meets your needs. Here is
      15 Best Ways To Choosing A Trusted Forex Broker - TopAsiaFX
      Calculate Expectations
      Hope is a formula used to calculate the reliability of your system. It is always recommended to calculate expectations to find out whether you and your trading on Forex are going in the right direction or not.
      Take your trade with profit and more with losses and make calculations to find out whether you profit and loss.
    • By xtreamforex26
      Hi,
      My name is Anu 
      I am officially representative of Xtreamforex
      XtreamForex is a  forex broker, Member of Grandinvesting Group
       
      Incorporated in MIS
      Registration number 84516 IBC 2016
      Company number: 84516
      If you have any question regarding this broker about the services and promotion feel free to ask me here. i will be happy to assist you.
      Regards
      Anu
    • By cpfleger
      Why Choose Super EZ Forex Trading?
      There are many trading systems and Gurus that claim to can make you rich overnight. But aren’t you tired of wasting your money on systems that lack results, Gurus who show off what they supposedly bought with their forex money (although a lot of what they show is just rented items) and signal services that has the results of a fool who knows nothing about trading at all. I have struggled with all of this foolishness and decided to spend over 4 years developing a trading system and style with proven live results as posted on our social media outlets. I originally set out to create a simple system to teach to my wife and children so they could know how to make money at will. However, after sharing my system with a few friends and my pastor, people who knew nothing about trading could know “EXACTLY” how to trade in minutes by matching up a few colors and becoming profitable.
      So, after learning our system which should take you less than 20minutes, you will have the tools and skill set to teach to your own children as I did.
      This system includes weekly training and conversations from the SuperEZForex Family.... this is the real value of your purchase. The purchase price is $ 299 plus sate tax.... a steal in 2019.





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