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

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USD/JPY: technical analysis 08.08.2019

USDJPYH408082019-1024x576.png

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 105.469 (Murray [-2/8]), but the general downward trend is still maintained. Now the price is trying to consolidate above the level of 106.250 (Murray [0/8]), which coincided with the middle line of Bollinger Bands. In case the pair manage to cross this level, the buyers will aim for the 106.412-106.641 (Murray [1/8]) resistance zone. If USD/JPY cannot consolidate above the level of 106.250 during short term period, the downward trend movement and retest of the level 105.859 (Murray [-1/8]) are possible. Should prices continue slipping under 105.859 level, the mark of 105.684 and 105.469 might try activating an upward rebound. The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the low trading activity. MACD volumes are decreasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 105.859, 105.684, 105.469.
Resistance levels: 106.250, 106.412, 106.641.

Trading recommendations

Short positions can be opened below the level of 105.859 with the target at around 105.684 and stop-loss 105.917.
Long positions can be opened above the level of 106.250 with the target at around 106.412 and stop-loss 106.196.

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GBP/USD: technical analysis 08.08.2019

GBPUSDH408082019-1024x576.png

Current trend

GBP/USD continues to consolidate in the side channel after a significant decline over the last week. The instrument is now trynig to consolidate above the level of 1.21574, which coincided with the middle line of Bollinger Bands. Pair’s sustained trading above this level can set the area of level 1.21765-1.21856 as next buyers targets. Should prices continue raising above the level of 1.21856 the area of 1.22070 (Murray [4/8]) might try activating a downward rebound. The downward trend will be restored after the price is set below the level of 1.21293. In this case, the next targets of sellers will be the level of 1.20850 (Murray [2/8]). Technical indicators reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.21460, 1.21293, 1.2100, 1.20850.
Resistance levels: 1.21765, 1.21856, 1.22070.

Trading recommendations

Short positions can be opened below the level of 1.21293 with the target at around 1.21000 and stop-loss 1.21390.
Long positions can be opened above the level of 1.21574 with the target at around 1.21765 and stop-loss 1.21510.

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USD/CHF: technical analysis 09.08.2019

USDCHFH409082019-1024x576.png

Current trend

USD/CHF continues to consolidate in the narrow side channel. The downward trend will be restored after the price is set below the level of 0.97298. In this case, the next targets of sellers will be the level of 0.97046 (Murray [-1/8]). Should prices continue slipping under 0.97046 mark, the level of 0.96916 might try activating a upward rebound. Alternatively, breakout of the level 0.97508 (the middle line of Bollinger Bands) can accelerate the pair towards 0.97656 (Murray [0/8]) mark. In case the pair manage to cross the 0.97656 hurdle, the buyers will aim for the 0.97863 resistance area. 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 negative zone and are moving along the zero line. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 0.97298, 0.97115, 0.97046, 0.96916.
Resistance levels: 0.97508, 0.97656, 0.97863.

Trading recommendations

Long positions can be opened above the level of 0.97508 with the target at around 0.97656-0.97863 and stop-loss 0.97389.
Short positions can be opened below the level of 0.97298 with the target at around 0.97046 and stop-loss 0.97382.

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USD/CAD: technical analysis 09.08.2019

USDCADH409082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. USD/CAD is trading below its middle line of Bollinger Bands suggesting bearish momentum. The instrument is now testing the support level of 1.32141 (Murray [5/8]). The breakdown of this level will let the price to fall to the area of level 1.31836 (Murray [4/8]), which seem a strong support. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue.
Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.32446 (Murray [6/8]), the correction can continue to the area of 1.32653, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1.32141, 1.31836, 1.31531.
Resistance levels: 1.32446, 1.32653, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32653 and stop-loss 1.32377.
Short positions can be opened below the level of 1.32141 with the target at around 1.31836 and stop-loss 1.32242.

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EUR/USD: technical analysis 09.08.2019

EURUSDH409082019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bullish bias on the background of upward correction. The first target of the correction is the level of 1.12041, which corresponds to the middle line of Bollinger Bands. Meanwhile, the resitsance level of 1.12000 (Murray [7/8]) might offer intermediate halt during the raise to correction target. If the “bulls” manage to raise the rate above the level of 1.12041, the correction can continue to the area of 1.12206, 1.12305 (Murray [8/8]). The downward trend will be restored after the price is set below the level of 1.11694 (Murray [6/8]). In this case, the next targets of sellers will be the level of 1.11570-1.11389 (Murray [5/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.11923, 1.11694, 1.11570, 1.11389.
Resistance levels: 1.12041, 1.12206, 1.12305.

Trading recommendations

Short positions can be opened below the level of 1.11694 with the target at around 1.11570-1.11389 and stop-loss 1.11795.
Long positions can be opened above the level of 1.12041 with the target at around 1.12206 and stop-loss 1.11953.

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USD/JPY: technical analysis 12.08.2019

USDJPYH412082019-1024x576.png

Current trend

On the 4-hour chart, USD/JPY is falling along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went down below the level of 105.469 (Murray [-1/8]) and can fall further to the support levels of 105.228 and 104.900. The key level for the sellers will be the 104.688 (Murray [-2/8]) mark. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue. Alternative scenario. If the “bulls” manage to raise the rate above the level of 105.687, the correction can continue to the area of 105.871, which coincided with the middle line of Bollinger Bands. The breakout of the level 105.871 can accelerate the pair towards 106.007-106.250 (Murray [0/8]). Technical indicators 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’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 105.374, 105.228, 104.900, 104.688.
Resistance levels: 105.687, 105.871, 106.007.

Trading recommendations

Short positions can be opened below the level of 105.374 with the target at around 105.228-104.900 and stop-loss 105.532.
Long positions can be opened above the level of 105.687 with the target at around 105.871-106.007 and stop-loss 105.580.

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NZD/USD: technical analysis 12.08.2019

NZDUSDH412082019-1024x576.png

Current trend

The NZD/USD pair begins today’s trading with slight bullish bias. The price went up above the level of middle line of Bollinger Bands (0.64600) and can grow further to the levels of 0.65002 (Murray [5/8]). Meanwhile, the resistance level 0.64697 can offer intermediate halt during the raise to 0.65002 mark. If the “bulls” manage to raise the rate above the level of 0.65002, the raise can continue to the area of level 0.65308. The downward trend will be restored after the price is set below the level of 0.64570. In this case, the next targets of sellers will be the area of levels 0.64480-0.64392 (Murray [3/8]). A significant decrease is possible after the breakout of the level 0.64392, which can develop to the level of 0.64246. The technical picture is mixed. Bollinger Bands are converging on the background of sideway trend. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards, reflecting the development of the upward trend.

Support and resistance

Support levels: 0.64570, 0.64480, 0.64392.
Resistance levels: 0.64746, 0.65002, 0.65308.

Trading recommendations

Short positions can be opened below the level of 0.64570 with the target at around 0.64480-0.64392 and stop-loss 0.64629.
Long positions can be opened above the level of 0.65002 with the target at around 0.65308 and stop-loss 0.64900.

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NZD/USD: technical analysis 12.08.2019

NZDUSDH412082019-1024x576.png

Current trend

The NZD/USD pair begins today’s trading with slight bullish bias. The price went up above the level of middle line of Bollinger Bands (0.64600) and can grow further to the levels of 0.65002 (Murray [5/8]). Meanwhile, the resistance level 0.64697 can offer intermediate halt during the raise to 0.65002 mark. If the “bulls” manage to raise the rate above the level of 0.65002, the raise can continue to the area of level 0.65308. The downward trend will be restored after the price is set below the level of 0.64570. In this case, the next targets of sellers will be the area of levels 0.64480-0.64392 (Murray [3/8]). A significant decrease is possible after the breakout of the level 0.64392, which can develop to the level of 0.64246. The technical picture is mixed. Bollinger Bands are converging on the background of sideway trend. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards, reflecting the development of the upward trend.

Support and resistance

Support levels: 0.64570, 0.64480, 0.64392.
Resistance levels: 0.64746, 0.65002, 0.65308.

Trading recommendations

Short positions can be opened below the level of 0.64570 with the target at around 0.64480-0.64392 and stop-loss 0.64629.
Long positions can be opened above the level of 0.65002 with the target at around 0.65308 and stop-loss 0.64900.

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XAU/USD: technical analysis 12.08.2019

XAUUSDH412082019-1024x576.png

Current trend

XAU/USD continues to consolidate in the side channel. The instrument is now testing the level of 1496.00, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 1489.50-1484.38 can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 1500.00 (Murray [8/8]), the correction can continue to the area of 1506.25, 1509.47. There is a high chance of a downward reverse from the area of levels 1509.47-1510.00. Technical indicators reflect the moderate maintenance of the downward trend. Bollinger Bands are converging on the background of bearish momentum. 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: 1495.19, 1489.50, 1484.38.
Resistance levels: 1500.00, 1506.25, 1509.47.

Trading recommendations

Short positions can be opened below the level of 1495.19 with the target at around 1489.50 and stop-loss 1497.00.
Long positions can be opened above the level of 1500.00 with the target at around 1506.25 and stop-loss 1498.00.

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AUD/USD: technical analysis 13.08.2019

AUDUSDH413082019-1024x576.png

Current trend

On 4-hour chart, AUD/USD is correcting up from the lower line of the Bollinger Bands. The price bounced off the 0.67467 support but is yet to cross the 0.67800 resistance (the middle line of Bollinger Bands). The breakout of the level 0.67800 will let the price to grow to the area of 0.67952 – 0.68054 (Murray [3/8]). If AUD/USD cannot consolidate above the level of 0.67800 during short term period, the downward movement restoration and retest of the level 0.67444 (Murray [1/8]) are possible. The breakdown and consolidation of the price below the level of 0.67444 will let AUD/USD fall to the level of 0.67257-0.67139 (Murray [0/8]). The level of 0.67139 seem a key level for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.67444, 0.67257, 0.67139.
Resistance levels: 0.67800, 0.67952,0.68054.

Trading recommendations

Short positions can be opened below the level of 0.67444 with the target at around 0.67257 and stop-loss 0.67506.
Long positions can be opened above the level of 0.67800 with the target at around 0.67952 and stop-loss 0.67749.

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USD/JPY: technical analysis 13.08.2019

USDJPYH413082019-1024x576.png

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 105.044. The first target of the correction is the level of 105.680, which corresponds to the middle line of Bollinger Bands. The resistance level 105.469 (Murray [-1/8]) can be a hurdle for USD/JPY on its way to 105.680. Meanwhile, the breakout of 105.680 and can accelerate the pair towards 106.000-106.250 (Murray [0/8]). Failure to conquer the 105.469 mark seems fetching the USD/JPY to 105.044 support. The downward trend will be restored after the price is set below the level of 105.000. In this case, the next targets of sellers will be the level of 104.825-104.688 (Murray [-2/8]). The technical picture is mixed. Bands are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.305, 105.127, 105.00, 104.825.
Resistance levels: 105.469, 105.680, 106.000, 106.250.

Trading recommendations

Long positions can be opened above the level of 105.469 with the target at around 105.680 and stop-loss 105.398.
Short positions can be opened below the level of 105.000 with the target at around 104.825 and stop-loss 105.058.

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GBP/USD: technical analysis 13.08.2019

GBPUSDH413082019-1024x576.png

Current trend

The GBP/USD pair begins today’s trading with slight bearish bias. The price went down below the support level of 1.20850 (Murray [6/8]) and can fall further to the levels of 1.20550-1.20239 (Murray [5/8]). As we can see on the 4H chart, the level of 1.20239 seem a strong support that can activate an upward rebound. Meanwhile, pair’s sustained trading below this level will let the price fall to the area of 1.20000 mark. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.21000 (the middle line of Bollinger Bands) the correction can continue to the area of 1.21206-1.21460 (Murray [7/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the positive zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.20550, 1.20239, 1.20000.
Resistance levels: 1.21000,1.21206, 1.21460.

Trading recommendations

Short positions can be opened below the level of 1.20239 with the target at around 1.20000 and stop-loss 1.20318.
Long positions can be opened above the level of 1.21000 with the target at around 1.21206 and stop-loss 1.21068.

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USD/CHF: technical analysis 14.08.2019

USDCHFH414082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price is approaching a strong resistance in the region of level 0.97656 (Murray [0/8]). There is a chance of an downward rebound, while its breakouit would allow the raise to continue. The breakout and consolidation of the price above the level of 0.97656 will let USD/CHF reach the resistance level of 0.97952. Failure to conquer the 0.97656 resistance during short term period seems fetching the USD/CHF to 0.97390-0.97271 (the middle line of Bollinger Bands) support zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.97449, 0.97271, 0.97046.
Resistance levels: 0.97656, 0.97952, 0.98267.

Trading recommendations

Long positions can be opened above the level of 0.97656 with the target at around 0.97952 and stop-loss 0.97558.
Short positions can be opened below the level of 0.97449 with the target at around 0.97271 and stop-loss 0.97508.

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USD/CAD: technical analysis 14.08.2019

USDCADH414082019-1024x576.png

Current trend

On 4-hour chart, the instrument is keeping a negative dynamic. The instrument is now testing the support level of 1.32141 (Murray [5/8]). The breakdown of this level will let the price to fall to the area of level 1.31836 (Murray [4/8]), which seem a strong support. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue. In case the pair manage to cross the 1.31836 mark, the sellers will aim for the 1.31531 (Murray [3/8]) support zone. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.32446 (Murray [6/8]), the correction can continue to the area of 1.32637-1.32751 (Murray [7/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.32141, 1.31836, 1.31531.
Resistance levels: 1.32446, 1.32637, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32637 and stop-loss 1.32382.
Short positions can be opened below the level of 1.32141 with the target at around 1.31836 and stop-loss 1.32242.

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EUR/USD: technical analysis 14.08.2019

EURUSDH414082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 1.11694 (Murray [6/8]). In case the pair manage to cross this level, the sellers will aim for the 1.11555-1.11389 (Murray [5/8]) support zone. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.11856, the correction can continue to the area of 1.12000 (Murray [7/8]), which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakdown would allow the raise to continue to 1.12189 mark. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed sideways. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.11694, 1.11555, 1.11389.
Resistance levels: 1.11856, 1.12000, 1.12189.

Trading recommendations

Short positions can be opened below the level of 1.11856 with the target at around 1.11555-1.11389 and stop-loss 1.11913.
Long positions can be opened above the level of 1.12000 with the target at around 1.12189 and stop-loss 1.11937.

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USD/CAD: technical analysis 15.08.2019

USDCADH415082019-1-1024x576.png

Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.33238. At the moment the price has met the support at the level of 1.33057 (Murray [8/8]). If the sellers manage to decline the rate below the level of 1.33057, the correction can continue to the area of 1.32916, 1.32751. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33238. In this case, the next targets of buyers will be the level of 1.33362 (Murray [+1/8])-1.33443. Meanwhile, any attempted growth seems more likely to get sold into aggressively near this region. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are 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: 1.33057, 1.32916, 1.32751.
Resistance levels: 1.33238, 1.363362, 1.33443.

Trading recommendations

Short positions can be opened below the level of 1.33057 with the target at around 1.32916-1.32751 and stop-loss 1.33159.
Long positions can be opened above the level of 1.33238 with the target at around 1.33362-1.33443 and stop-loss 1.33169.

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XAU/USD: technical analysis 15.08.2019

XAUUSDH415082019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1524.21. Assuming the pair’s ability to cross 1524.21 mark, the level of 1531.25 (Murray [+1/8]) can be targeted if holding long positions. There is a high chance of an downward rebound from the area of levels 1531.25-1534.99. The downward trend will be restored after the price is set below the level of 1509.12, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1500.00 (Murray [8/8]). The mark of 1500.00 seem a tough support, that can activate an upward turn. Technical indicators mostly reflect the moderate maintenance of the upward dynamic. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 1514.29, 1509.12, 1504.00, 1500.00.
Resistance levels: 1524.21, 1531.25, 1535.00.

Trading recommendations

Long positions can be opened above the level of 1524.21 with the target at around 1531.25 and stop-loss 1522.00.
Short positions can be opened below the level of 1509.12 with the target at around 1504.00 and stop-loss 1510.40.

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NZD/USD: technical analysis 15.08.2019

NZDUSDH415082019-1024x576.png

Current trend

NZD/USD yen continues to consolidate in the side channel. Today quotes attempted to grow, but reaching 0.64586 mark moved to a decline. The upward trend will be restored after the price is set above the level of 0.64697 (Murray [4/8]), that seem a strong resistance line. In this case the buyers will aim for the 0.64890-0.65002 (Murray [5/8]) resistance zone. If the price cannot consolidate above the level of 0.64586 during short term period, the price can reverse and retest the support level of 0.64245. The breakdown of 0.64245 and pair’s sustained trading below this level will let the price fall to the area of level 0.64087 (Murray [2/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideways trend. Bollinger Bands are pointed sideways. MACD volumes are in the negative 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: 0.64330, 0.64245, 0.64087.
Resistance levels: 0.64586, 0.64697, 0.65002.

Trading recommendations

Long positions can be opened above the level of 0.64697 with the target at around 0.64890 and stop-loss 0.64632.
Short positions can be opened below the level of 0.64245 with the target at around 0.64087 and stop-loss 0.64300.

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USD/JPY: technical analysis 16.08.2019

USDJPYH416082019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is trading above its middle line of Bollinger Bands suggesting bullish momentum. At the moment the price has met the resistance at the level of 106.250 (Murray [0/8]). In case the pair manage to cross the 106.250 hurdle, the buyers will aim for the 106.401-106.641 resistance area. If USD/JPY cannot consolidate above the level of 106.250 during short term period, the downward movement restoration and retest of the level 105.859 are possible. Pair’s sustained trading below this level will let the price fall to the area of 105.646-105.469 support (Murray [2/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideways trend. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.859, 105.646, 105.469.
Resistance levels: 106.250, 106.401, 106.641.

Trading recommendations

Long positions can be opened above the level of 106.250 with the target at around 106.401 and stop-loss 106.200.
Short positions can be opened below the level of 105.859 with the target at around 105.646 and stop-loss 105.930.

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AUD/USD: technical analysis 16.08.2019

AUDUSDH416082019-1024x576.png

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias. The price went up above the level of middle line of Bollinger Bands (0.67700) and can grow further to the level of 0.68054 (Murray [7/8])-0.68081. There is a chance of an downward rebound, while its breakout would allow the raise to continue to 0.68177-0.68359 (Murray [8/8]). Alternative scenario. Failure to conquer the 0.68054 mark seems fetching the AUDUSD back to 0.67700 support. The downward trend will be restored after the price is set below the level of 0.67700, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.67548-0.67444 (Murray [5/8]). The technical picture is mixed. Bollinger Bands are slightly leaned upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.67700, 0.67548, 0.67444.
Resistance levels: 0.68054, 0.68177, 0.68359.

Trading recommendations

Long positions can be opened above the level of 0.68054 with the target at around 0.68177 and stop-loss 0.68013.
Short positions can be opened below the level of 0.67700 with the target at around 0.67548 and stop-loss 0.67750.

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             🥶 Proper TP and SL Target Given
             🥶 80% - 90% Winning Rates
             🥶 24/7 Support 💯
             🥶 E-Books Provided 
             🥶 Risk and Money Management 
             🥶 💯 % Profits Guaranteed
             As part of our I-NETFX clients, we care for you as much as your trading account. 
      Let us know if you have any questions as we will be solving all your doubts by providing 24/7 assistances that you have about the financials market join now https://t.me/inetfx
       
    • 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, latest market news, accurate signals etc. 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
      At present, Forex or foreign exchange market is the largest online trading market. Now, people are getting vastly attracted to the Forex market and choosing it as a passive profession. 
      It's human NATURE to be attracted to the best.
      In many ways, it is easy to see the attraction of the Forex market and currency trading for beginners. After all, an estimated $ 5.3 trillion traded on foreign exchanges every day, while the currency is a derivative that allows traders to profit even in market depreciation.
      Before Your join Forex trading, KEEP This In Mind… 
      The nature of Forex trading on margin means that there is the potential to lose a lot more than your initial deposit, while market volatility also creates a significant price shift in a relatively short space.
      By adhering to the dos and don'ts of Forex trading, however, you can start as a Forex trader while optimizing long-term chances of success. So, let's dive right in-
      Here are the deets…
      Do Understanding the Importance of Determinism
      The peaks and troughs of Forex trading can have a significant impact on traders, who may remain at the mercy of decisions emotive without experience or curiosity determinism. The latter allows you to understand the underlying laws governing the changes in the Forex market and make more rational decisions, particularly in relation to long-term trading.
      Do Follow a Trading Plan
      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.
      And always remember do not rely on some unfaithful or unqualified sources for analysis and signal sort of things. Always try to use the accurate Forex trading signals because they'll help you gain profits.
      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
      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 or you can use some help from the expert traders such as using their signals. They are both professional and experienced as a result, they can provide you with the best Forex signals. It'll DEFINITELY improve your trading skills.  
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