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

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

Recommended Posts

GBP/USD: technical analysis 16.08.2019

GBPUSDH4160820192-1024x576.png

Current trend

On 4-hour chart, the instrument is consolidating around the level of 1.20850 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. If the sellers manage to decline the rate below the level of 1.20733, the downward movement can continue to the area of 1.20544 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.20239 (Murray [2/8]). In case the pair manage to cross the 1.20927 GBP/USD will grow to the area 1.21155 mark (Murray [5/8]), that holds the gate for its rise to 1.21338 resistance line. 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 is pointed downwards.

Support and resistance

Support levels: 1.20850, 1.20733, 1.20544.
Resistance levels: 1.20927,1.21155, 1.21338.

Trading recommendations

Short positions can be opened below the level of 1.20733 with the target at around 1.20544 and stop-loss 1.20796.
Long positions can be opened above the level of 1.20927 with the target at around 1.21155 and stop-loss 1.20851.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 19.08.2019

USDCHFH419082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a moderate positive dynamic. If the current trend maintains the next targets of buyers will be the area of resistance levels of 0.98120-0.98267 (Murray [6/8]). Pullback and pair’s sustained trading below the level of 0.97802 will let the price fall to the level of 0.97656 (Murray [4/8]). The area of 0.97656 level is coincided with the middle line of Bollinger Bands and seem a key zone for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.97436-0.97351 (Murray [3/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.97802, 0.97656, 0.97436.
Resistance levels: 0.97961, 0.98120, 0.98267, 0.98440.

Trading recommendations

Long positions can be opened above the level of 0.97961 with the target at around 0.98120 and stop-loss 0.97908.
Short positions can be opened below the level of 0.97802 with the target at around 0.97656 and stop-loss 0.97850.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 19.08.2019

USDCADH419082019-1024x576.png

Current trend

USD/CAD is in the stage of upward correction after falling to the level of 1.32574. At the moment the price has met the resistance at the level of 1.32751 (Murray [3/8]). If the “bulls” manage to raise the rate above this level, the correction can continue to the area of 1.32916 (middle line of Bollinger Bands)-1.33057 (Murray [4/8]). The level of 1.33057 seem a strong resistance that can activate an downward rebound, while its breakout will let the price grow to the level of 1.33243. The downward trend will be restored after the price is set below the level of 1.32574. In this case, the sellers will aim for the level of 1.32446 (Murray [2/8]) support zone. The technical picture is mixed. Bollinger Bands are converging on the background of bearish dynamic. MACD volumes are decreasing in the positive 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: 1.32574, 1.32446, 1.32286.
Resistance levels: 1.32751,1.32916, 1.33057.

Trading recommendations

Long positions can be opened above the level of 1.32751 with the target at around 1.32916 and stop-loss 1.32696.
Short positions can be opened below the level of 1.32574 with the target at around 1.32446 and stop-loss 1.32615.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 19.08.2019

EURUSDH419082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is consoladating around the level of 1.11000, but the general downward trend is still maintained. One may speak about downward movement continuation after the price consolidates below the support level of 1.10779 (Murray [3/8]). In this case, the next targets of sellers will be the level of 1.11065. Assuming the pair’s ability to cross 1.11065 mark, the level of 1.10474 (Murray [2/8]) can be targeted if holding sell positions. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.11084 (Murray [4/8]), the correction can continue to the area of 1.11227, which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout can accelerate the pair towards 1.11389 (Murray [3/8]) level. Technical indicators maintain a sell signal. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are pointed downwards. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.10779, 1.10651,1.10474.
Resistance levels: 1.11084, 1.11227, 1.11389.

Trading recommendations

Short positions can be opened below the level of 1.10779 with the target at around 1.10651 and stop-loss 1.10821.
Long positions can be opened above the level of 1.11084 with the target at around 1.11227 and stop-loss 1.11036.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 20.08.2019

USDCHFH420082019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bearish bias due to downward correction. If the current trend maintains, the next targets of sellers will be the level of 0.97961 (Murray [-1/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97840 (middle line of Bollinger Bands). Alternative scenario. The breakout of 0.98267 (Murray [-2/8]) level can accelerate the pair towards 0.98429-0.98680 resistance area. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.97961, 0.97840, 0.97656.
Resistance levels: 0.98163, 0.98267, 0.98429.

Trading recommendations

Long positions can be opened above the level of 0.98267 with the target at around 0.98429 and stop-loss 0.98213.
Short positions can be opened below the level of 0.97961 with the target at around 0.97840 and stop-loss 0.98001.

Share this post


Link to post
Share on other sites

NZD/USD: technical analysis 20.08.2019

NZDUSDH420082019-1024x576.png

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.64026. The main target of the correction is the level of 0.64300, which corresponds to the middle line of Bollinger Bands. The breakout of the level 0.64300 will let the price grow to the level of 0.64392 (Murray [3/8])-0.64547. If NZD/USD cannot consolidate above the level of 0.64392 during short term period, the downward movennt restoration and retest of the levels 0.64087 (Murray [2/8]), 0.64026 are possible. The general downward trend will be restored after the price is set below the level of 0.64026. In this case, the next targets of sellers will be the level of 0.63912-0.63782 (Murray [1/8]). Now the technical indicators reflect the moderate developing of the current upward correction. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.64087, 0.63912, 0.63782.
Resistance levels: 0.64300, 0.64392, 0.64547.

Trading recommendations

Long positions can be opened above the level of 0.64300 with the target at around 0.64392-0.64547 and stop-loss 0.64217.
Short positions can be opened below the level of 0.64026 with the target at around 0.63912-0.63782 and stop-loss 0.64107.

Share this post


Link to post
Share on other sites

XAU/USD: technical analysis 20.08.2019

XAUUSDH420082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. The price went down below the level of 1500.00 (Murray [4/8]) and can fall further to the level of 1492.19 that holds the gate for its fall to 1488.75, 1484.38 (Murray [3/8]) to support-line. If the “bulls” manage to raise the rate above the level of 1503.00, the correction can continue to the area of 1510.00, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. 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: 1492.19, 1488.75, 1484.38.
Resistance levels: 1500.00, 1503.00, 1510.00.

Trading recommendations

Long positions can be opened above the level of 1503.00 with the target at around 1510.00 and stop-loss 1501.70.
Short positions can be opened below the level of 1492.19 with the target at around 1484.38 and stop-loss 1494.70.

Share this post


Link to post
Share on other sites

AUD/USD: technical analysis 21.08.2019

AUDUSDH421082019-1024x576.png

Current trend

AUD/USD continues to consolidate in the side channel with the borders 0.67946-0.67696. One may speak about downward movement continuation after the price consolidates below the support level of 0.67696. In this case, the next targets of sellers will be the level of 0.67444 (Murray [5/8]). If the “bulls” manage to raise the rate above the level of 0.67946, the upward movement can continue to the area of 0.68054 (Murray [7/8])-0.68177. The area of 0.68177 level seem tough resistance which can activate a downward rebound. 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 is pointed downwards.

Support and resistance

Support levels: 0.67749, 0.67696, 0.67444.
Resistance levels: 0.67946, 0.68054, 0.68177.

Trading recommendations

Short positions can be opened below the level of 0.67696 with the target at around 0.67444 and stop-loss 0.67780.
Long positions can be opened above the level of 0.67946 with the target at around 0.68054-0.68177 and stop-loss 0.67869.

Share this post


Link to post
Share on other sites

USD/JPY: technical analysis 21.08.2019

USDJPYH421082019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above its middle line of Bollinger Bands suggesting bullish momentum. The price has tested the resistance level of 106.546 and was slightly corrected downwards, but the general upward trend maintains. In case the pair manage to cross the 106.546 hurdle the next targets of buyers will be the area of levels of 106.641 (Murray [+1/8])-106.692. There is a high chance of an downward rebound, while its breakout accelerate the pair towards 106.742. The downward trend will be restored after the price is set below the level of 106.250 (Murray [8/8]). In this case, the sellers will aim for the 106.080 support zone. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 106.250, 106.154, 106.080.
Resistance levels: 106.546, 106.641, 106.742.

Trading recommendations

Long positions can be opened above the level of 106.546 with the target at around 106.641-106.742 and stop-loss 106.480.
Short positions can be opened below the level of 106.250 with the target at around 106.154-106.080 and stop-loss 106.306.

Share this post


Link to post
Share on other sites

GBP/USD: technical analysis 21.08.2019

GBPUSDH421082019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction after raising to the level of 1.21794. The first target of the correction is the level of 1.21345, which corresponds to the middle line of Bollinger Bands. Meanwhile the support level 1.21460 (Murray [6/8]) might offer intermediate halt during the plunge to corections’ target. The downward trend will be restored after the price is set below the level of 1.21345. In this case, the next targets of sellers will be the level of 1.21155 (Murray [5/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.21794, the upward dynamic can continue to the area of 1.21906, 1.22070 (Murray [8/8]). The mark of 1.22070 seem a key level for the buyers in short term period where is a high probability of a course reversal. 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: 1.21460, 1.21345, 1.21155.
Resistance levels: 1.21765, 1.21906, 1.22070.

Trading recommendations

Short positions can be opened below the level of 1.21460 with the target at around 1.21345 and stop-loss 1.21498.
Long positions can be opened above the level of 1.21794 with the target at around 1.21906 and stop-loss 1.21756.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 22.08.2019

USDCHFH422082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 0.98302. Failure to conquer the 0.98632 mark during short term period seems fetching the USD/CHF to 0.98162-0.98017 support. The level of 0.98017 is coincided with the middle line of Bollinger Bands and seem a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97846. The upward trend will be restored after the price is set above the level of 0.98302. Pair’s sustained trading above this mark could set the levels of 0.98408, 0.98572 on buyers’ radar. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.98162, 0.98017, 0.97846.
Resistance levels: 0.98302, 0.98408, 0.98572.

Trading recommendations

Long positions can be opened above the level of 0.98302 with the target at around 0.98408-0.98572 and stop-loss 0.98212.
Short positions can be opened below the level of 0.98162 with the target at around 0.98017 and stop-loss 0.98210.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 22.08.2019

USDCADH422082019atirox-1024x576.png

Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.33128. If the sellers manage to decline the rate below the level of 1.33057 (Murray [4/8]), the downward correction can continue to the area of 1.32818, 1.32751 (Murray [3/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33160. In this case, the buyers will aim for the level of 1.33362 (Murray [5/8]) resistance zone. The area of 1.33362-1.33451 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 1.33057, 1.32818, 1.32751.
Resistance levels: 1.33160, 1.33362, 1.33451.

Trading recommendations

Long positions can be opened above the level of 1.33160 with the target at around 1.33362 and stop-loss 1.33100.
Short positions can be opened below the level of 1.33057 with the target at around 1.32818 and stop-loss 1.33136.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 22.08.2019

EURUSDH422082019atirox-1024x576.png

Current trend

On the 4-hour chart, the instrument is trading below the the middle line of Bollinger Bands, suggesting bearish momentum. If the current trend maintains, the next targets of sellers will be the support level of 1.10779 (Murray [3/8]). Assuming the pair’s ability to cross 1.10779 mark, the level of 1.10651 can be targeted if holding short positions. A significant decrease is possible after the breakout of the level 1.10651, which can develop to the levels of 1.10474 (Murray [2/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.10930 (middle line of Bollinger Bands) the correction can continue to the area of 1.11084 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. 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: 1.10779, 1.10651,1.10474.
Resistance levels: 1.10930, 1.11084, 1.11227.

Trading recommendations

Short positions can be opened below the level of 1.10779 with the target at around 1.10651 and stop-loss 1.10821.
Long positions can be opened above the level of 1.10930 with the target at around 1.11084 and stop-loss 1.10878.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 23.08.2019

USDCADH423082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price is trading above its middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains the next targets of buyers will be the level of 1.33362 (Murray [5/8])- 1.33451. The area of 1.33362-1.33451 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario. Pullback below the level of 1.33057 (Murray [4/8]) will be a signal for the downward movement development. In this case, the sellers will aim for the level of 1.32915-1.32876 support zone. Technical indicators reflect the moderate maintenance of the current upward trend. 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: 1.33145, 1.33057, 1.32915, 1.32751.
Resistance levels: 1.33246, 1.33362, 1.33451.

Trading recommendations

Long positions can be opened above the level of 1.33246 with the target at around 1.33362 and stop-loss 1.33207.
Short positions can be opened below the level of 1.33057 with the target at around 1.32915 and stop-loss 1.33104.

Share this post


Link to post
Share on other sites

NZD/USD: technical analysis 23.08.2019

NZDUSDH423082019-1024x576.png

Current trend

NZD/USD quotes attempted to grow, but reaching 0.63951 mark moved to a decline. If the sellers manage to decline the rate below the level of 0.63782 the downward trend will continue to the level of 0.63629. The area of 0.63629 seem tough support which can activate an upward rebound. Meanwhile pair’s sustained trading below this level will let the price fall to 0.63500 mark and more. The upward trend will be restored after the price is set above the level of 0.63990, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.64087 (Murray [4/8]). Technical indicators reflect the moderate maintenance of the current upward trend. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.63782, 0.63629, 0.63500.
Resistance levels: 0.63951, 0.64087, 0.64211.

Trading recommendations

Long positions can be opened above the level of 0.63951 with the target at around 0.64087 and stop-loss 0.63905.
Short positions can be opened below the level of 0.63782 with the target at around 0.63629 and stop-loss 0.63833.

Share this post


Link to post
Share on other sites

XAU/USD: technical analysis 23.08.2019

XAUUSDH423082019-1024x576.png

Current trend

The XAU/USDD pair begins today’s trading with slight bearish bias. If the current trend maintains, the next targets of sellers will be the level of 1492.19 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue. The breakdown and consolidation of the price below the level of 1492.19 will let XAU/USD reach the level of 1489.76. The upward trend will be restored after the price is set above the level of 1500.00 (Murray [4/8]), which is the middle line of Bollinger Bands. In this case, the next target of buyers will be the level of 1504.55. Technical indicators mostlty reflect the moderate maintenance of the current downward trend. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1492.19, 1489.76, 1484.38.
Resistance levels: 1500.00, 1504.55, 1507.81.

Trading recommendations

Short positions can be opened below the level of 1492.19 with the target at around 1489.76 and stop-loss 1493.00.
Long positions can be opened above the level of 1500.00 with the target at around 1504.55 and stop-loss 1498.60.

Share this post


Link to post
Share on other sites

USD/CHF: technical analysis 26.08.2019

USDCHFH426082019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The correction attempt was limited to resistance level 0.97761. If the “bulls” manage to raise the rate above the level of 0.97761, the correction can continue to the area of 0.97961 (Murray [5/8]).
Alternative scenario.
One may speak about downward movement continuation after the price consolidates below the support level of 0.97351 (Murray [3/8]). In this case, the next targets of sellers will be the level of 0.97213-0.97046 (Murray [2/8]). Technical indicators reflect the moderate maintenance of the general downward trend. Bollinger Bands are diverging, reflecting the active development of the downward dynamic. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.97351, 0.97213, 0.97046.
Resistance levels: 0.97761, 0.97961, 0.98326.

Trading recommendations

Short positions can be opened below the level of 0.97351 with the target at around 0.97213 and stop-loss 0.97397.
Long positions can be opened above the level of 0.97761 with the target at around 0.97961 and stop-loss 0.97694.

Share this post


Link to post
Share on other sites

USD/JPY: technical analysis 26.08.2019

USDJPYH426082019-1024x576.png

Current trend

USD/JPY quotes attempted to grow, but reaching 105.79 mark moved to a downward correction. At the moment the price has met the support at the level of 105.078 (Murray [5/8]). If the price is set below the level of 105.078, the downward trend can restore, and the instrument can retest the support level of 104.688 (Murray [4/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 105.469 (Murray [6/8]), the correction can continue to the area of 105.790-105.859 (Murray [7/8]). The technical picture is mixed. Bollinger Bands diverge indicating the preservation of the general downward tendency. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.078, 104.688, 104.466.
Resistance levels: 106.469, 105.790, 105.859.

Trading recommendations

Long positions can be opened above the level of 106.469 with the target at around 105.790-105.859 and stop-loss 105.339.
Short positions can be opened below the level of 105.078 with the target at around 104.688 and stop-loss 105.208.

Share this post


Link to post
Share on other sites

EUR/USD: technical analysis 26.08.2019

EURUSDH426082019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.11636. At the moment the price has met the support at the level of 1.11317. If the “bulls” manage to raise the rate above the level of 1.11636, the buyers will aim for the level of 1.11694 (Murray [6/8])-1.11854 resistance zone. Alternative scenario. The downward dynamic will be restored after the price is set below the level of 1.11317. In this case, the next targets of sellers will be the level of 1.11237-1.11084 (Murray [4/8]). The area of 1.11084 level seem a strong support level which can activate an upward rebound. Additionally, pair’s sustained trading below this level could be a signal for downward trend forming. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed diverging on the background of bullish momentum. 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: 1.11389, 1.11317, 1.11237, 1.11084.
Resistance levels: 1.11636, 1.11694, 1.11854.

Trading recommendations

Short positions can be opened below the level of 1.11317 with the target at around 1.11237-1.11084 and stop-loss 1.11394.
Long positions can be opened above the level of 1.11636 with the target at around 1.11694-1.11854 and stop-loss 1.11563.

Share this post


Link to post
Share on other sites

USD/CAD: technical analysis 27.08.2019

USDCADH427082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price went down below the support level of 1.32446 (Murray [2/8]) and can fall further to the levels of 1.32281. The level of 1.32281 can prevent the instrument from falling, as the possibility of the upward rebound is high there. Assuming the pair’s ability to cross 1.32281 level, the mark of 1.32141 (Murray [1/8]) can be targeted if holding short positions. Alternative scenario. Pullback above the resistance level of 1.32446 (Murray [2/8]) will let the price to grow to the area of 1.32529. The breakout of this level can accelerate the pair towards 1.32751 (Murray [3/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 1.32344, 1.32281, 1.32141.
Resistance levels: 1.32446, 1.32529, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32529 and stop-loss 1.32344.
Short positions can be opened below the level of 1.32344 with the target at around 1.32281-1.32141 and stop-loss 1.32411.

Share this post


Link to post
Share on other sites

Join the conversation

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

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

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

×   Your previous content has been restored.   Clear editor

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

Loading...
Sign in to follow this  

  • Popular Contributors

  • Similar Content

    • By 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 jerry0821
      Fundamental review
      With the approaching of October 31, the British Prime Minister Johnson became more and more aware that the possibility of leaving the EU after the agreement with the EU has been declining,
      so he began to prepare for "no agreement to leave the EU." However, on Wednesday, the situation of Brexit is changing again.
      The Johnson Administration and the "rebel" members of the hard-off Brex have once again confronted each other. Originally, Johnson planned to prevent the parliament from obstructing "no agreement to leave the European Union" by extending the parliamentary recess time, but the British parliament shattered Johnson's hard-fashioned fantasy and passed 328 to 301 votes for the opposition and the Conservative Party.
      The proposed motion to prevent Johnson from leaving the EU without a deal made it impossible for Johnson to easily complete the "no agreement to leave the European Union" during the parliamentary recess.

      Forex technical analysis GBPUSD GBP/USD

      After the “bottom divergence” sign on the daily line of Macd, the pair achieved a bottoming out. On the previous trading day, the K line pulled up nearly 200 points. However, it should be noted that the top is still suppressed by the 30-day moving average, so the bullish rebound is expected to be resisted. In the daytime, the key pressure above the MT4 observation is at 1.2310, and if it breaks, it may look further at 1.2370.
      Forex technical analysis XAUUSD gold

      The gold price broke through the shock box on the last trading day and entered the uptrend channel. Today, the Asian market was in early trading, and the price rebounded again by the lower rail support. The initial pressure was at 1547.7 of the Pivot central axis. Intraday investors need to pay attention to the fact that multiple periods of Macd have shown signs of “top divergence” after the Asian market price correction. Therefore, if the price fails to test 1547.7 multiple times, it is necessary to consider using MT4 multiple single departure to prevent rapid price callback.
      Forex technical analysis USDJPY USD/JPY

      Yesterday, the US market, the K line broke through the shock channel, and stepped back to confirm, so in the short term, the bulls may have an advantage. The MT4 observes the 1 hour level, and the cycle averages are re-turned to support, while the Macd returns to the 0-axis after opening the gold fork. In the daytime, it is still possible to consider establishing a short-term multi-storage based on the support below, with an initial support of 106.53 below, further supporting 106.32.
      Focus event
      1.Number of layoffs in the US challenger in August
      2.US ADP employment in August
      3.Number of people claiming unemployment benefits from the US to August 31
      4.US August Markit service industry PMI final value
      5.US July factory order monthly rate
      6.US August ISM non-manufacturing PMI
      7.EIA crude oil inventories for the week from August 30 to August 30
      More info Forex/ MT4
    • By jerry0821
      According to the Bank for International Settlements (BIS), central banks around the world have cut interest rates by 32 times this year to alleviate the impact of Sino-US trade friction. However,
      the market price on the interest rate swap contract shows that the global central bank's cycle of interest rate cuts may be just beginning. However, it is important to note that while the central bank is cutting interest rates, it also regains the overall prudential tool to reduce the risk of excessive capital expansion.
      Market analysts and traders expect the global central bank to cut interest rates again.
      If the central bank is entering a monetary easing policy, the number of global central bank interest rate cuts will be as high as 58 in the next year, which translates to a global interest rate drop of about 16%. It is necessary to ensure that the flow of funds is used in places where real demand is desired,in order to play a role in stabilizing the economy.
      Forex-Technical Analysis (Gold XAUUSD):

      Forex analysis today gold (September 6) early in the morning at 1517.1 US dollars / ounce, from the technical analysis, 1 hour level observation trend yesterday (5th) by ADP data significantly better than the foreign exchange market expectations, making the negative gold fell below All chip support fell by $40/oz, so there is a chance of a slight rebound after the deepdown.
      At present, the pressure range above the short-term line is located at 1522~1522.5 US dollars/ounce, in the downward direction, the initial support range is 1508~1508.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1511.5 US dollars. For short-term purchases in the $1514/oz range,
      the MT4 operating stop-loss point can be considered to be set below $1508.5 per ounce.
      Forex-Technical Analysis (EUR/USD EURUSD):

      Forex analysis today EUR/USD (September 6th) Early in the morning near 1.10375, cut from the technical analysis, 1 hour level observation trend yesterday (5th) V-shaped reversal. A sharp rise immediately pulled back the correction, so there is a chance to correct it and then rise again.
      At present, the pressure range above the short-term line is located at 1.10750~1.10800, the downward direction, the initial support interval is 1.10200~1.10250, and the operation mentality is mostly short. Investors who want to enter the market for a short time may consider buying in the 1.10280 to 1.10320 range. The MT4 operation stop loss point can be considered to be set below 1.10210.
      Forex-Technical Analysis (GBP/USD GBPUSD):

      Forex analysis today GBP/USD (September 6th) Early in the vicinity of 1.23233, from the technical analysis, the 1-hour line level observation trend is forming the fifth wave of wave theory, while the K-bar is close to the Bollinger Middle Track to maintain the middle and upper rails. Between, therefore there is a chance to continue to rise.
      At present, the pressure range above the short-term line is located at 1.23650~1.23700, the downward direction, the initial support range is 1.22950~1.23000, and the operation mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.23200 to 1.23250 range. The MT4 operation stop loss point can be considered to be set below 1.23001.
      Today's key data:
      1.Germany's July seasonally adjusted industrial output monthly rate
      2.French July trade account (100 million euros)
      3.UK August Halifax seasonally adjusted house price index monthly rate
      4.Eurozone second quarter quarterly adjusted employment rate
      5.Eurozone second quarter GDP annual rate correction
      6.Non-agricultural employment in the United States in August
      7.US unemployment rate in August
      More information Forex and MT4
    • By jerry0821
      The United States announced yesterday (3rd) that the manufacturing index for August was 49.1, lower than the three-year low of 51.2 in July, which was below the 50-year-old glory line for the first time in three years, and the order, production, and The employment index fell in full, suggesting that the global economy was heated by Sino-US trade frictions, causing shocks to the US manufacturing industry, and the growth trend gradually slowed down. According to the report, the new order indicator fell to 47.2 in 7 years, the first time since December 2015, it fell below 50. In addition, it can reflect the overseas demand export index of 43.3, which was the lowest point since the financial tsunami in April 2009.
      forex Technical Analysis (Gold XAUUSD):
      forex analysis today gold (September 4) early in the morning at 1546.8 US dollars/ounce, MT4 technical analysis face cut, 1 hour level observation trend under the influence of US data, the dollar fell gold in one fell swoop, the big structure gradually has the left shoulder bottom right shoulder The shape,so there is a chance to rise more and then pull back the correction.
      At present, the pressure range above the short-term line is located at 1554~1554.5 US dollars/ounce. In the downward direction, the initial support range is 1541~1541.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1541 US dollars. To the 1543.5 US dollars/ounce range of light warehouse buy, MT4 set stop loss point can be set to 1539.5 US dollars/ounce below.
      forex Technical Analysis (EUR/USD EURUSD):
      forex analysis today EUR/USD (September 4th) Early in the morning around 1.09701, MT4 technical analysis cut in, the 1-hour level observation trend was significantly down by the US dollar, the bottom began to rebound sharply, so there is a chance that the symmetry market continues to rise.
      At present, the pressure range above the short-term line is located at 1.10100~1.10150, the downward direction, the initial support interval is 1.09550~1.09600, and the operating mentality is mainly short. Investors who want to enter the market for a short time can consider buying in the 1.09700 to 1.09750 range. MT4 sets the stop loss point to consider setting below 1.09600.
      forex Technical Analysis (GBP/USD GBPUSD):
      forex analysis today sterling / US dollar (September 4) Early in the vicinity of 1.20842, MT4 technical analysis face cut, 1 hour line-level observation trend was also significantly pulled back yesterday (3rd) US dollar, making the pound appear bottom V-shaped reversal, Therefore, the equal-amplitude measurement method has a chance to continue to rise.
      At present, the pressure range above the short-term line is located at 1.21450~1.21500, in the downward direction, the initial support range is 1.20550~1.20600, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.209940 to 1.20990 range. MT4 set stop loss point can be considered to set below 1.20900.
      forex Technical Analysis (NZD/USD NZDUSD):
      forex analysis today NZD/USD (September 4th) Early in the vicinity of 0.63268, MT4 technical analysis cut in, 1-hour line-level observation trend began to appear bottom up, forming a small V reversal, so there is a chance according to the equal amplitude measurement method continue rising
      At present, the pressure range above the short-term line is located at 0.63600~0.63650, the downward direction, the initial support interval is 0.63150~0.63200, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the 0.63390 to 0.63450 range. MT4 sets the stop loss point to consider setting below 0.63300.
    • 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
  • Topics

×
×
  • Create New...