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Atirox

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

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GBP/USD: technical analysis 16.09.2019

GBPUSDH416092019.png

Current trend

GBP/USD is in the stage of downward correction after raising to the level of 1.24645. If the sellers manage to decline the rate below the level of 1.24512 (Murray [8/8], the correction can continue to the area of 1.24397, 1.24258. The key target of the correction is the level of 1.23901 (Murray [7/8]), which corresponds to the middle line of Bollinger Bands. If the instrument cannot consolidate below the level of 1.24512 during short term period, it will begin to grow to the area of 1.25035-1.25122 (Murray [+1/8]). This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.25122 can accelerate the pair towards 1.25326. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are 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: 1.24512, 1.24397, 1.24258, 1.23901.
Resistance levels: 1.25122, 1.25326, 1.25560.

Trading recommendations

Short positions can be opened below the level of 1.24512 with the target at around 1.24397-1.24258 and stop-loss 1.24596.
Long positions can be opened above the level of 1.25122 with the target at around 1.25326 and stop-loss 1.25054.

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USD/JPY: technical analysis 17.09.2019

USDJPYH417092019.png

Current trend

USD/JPY is in the stage of downward correction after raising to the level of 108.365. The first target of the correction is the level of 108.010, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 107.813 (Murray [4/8]). The upward trend will be restored after the price is set above the level of 108.365. In this case, the next targets of sellers will be the level of 108.594 (Murray [6/8]), 108.700. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is preparing to exit the overought zone and is directed downwards, signaling the development of an downward correction.

Support and resistance

Support levels: 108.146, 108.000, 107.813.
Resistance levels: 108.365, 108.594, 108.700.

Trading recommendations

Short positions can be opened below the level of 108.146 with the target at around 108.000-107.813 and stop-loss 108.257.
Long positions can be opened above the level of 108.365 with the target at around 108.594-108.700 and stop-loss 108.253.

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XAU/USD: technical analysis 17.09.2019

XAUUSDH417092019.png

Current trend

The XAU/USD pair consolidating below the middle line of Bollinger Bands. The price has tested the resistance level of 1500.81 and was slightly corrected downwards. If the “bulls” manage to raise the rate above the level of 1500.81, the upward movement can continue to the area of 1504.31-1507.81 (Murray [1/8]). Should prices continue raising above 1507.81 mark, the area of 1510.43-1512.11 might try activating a downward rebound.
Alternative scenario.
Pullback and pair’s sustained trading below the 1496.12 level will push the price to 1492.19 (Murray [-1/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 1488.46-1484.38 (Murray [-2/8]). 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 preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 1496.12, 1492.19, 1488.46.
Resistance levels: 1500.00, 1504.31, 1507.81.

Trading recommendations

Short positions can be opened below the level of 1496.12 with the target at around 1492.19-1488.46 and stop-loss 1498.70.
Long positions can be opened above the level of 1500.81 with the target at around 1504.31-1507.81 and stop-loss 1498.80.

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USD/CHF: technical analysis 18.09.2019

USDCHFH418092019.png

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 0.99205. If the “bulls” manage to raise the rate above the level of 0.99383, the correction can continue to the area of 0.99487 (Murray [8/8]). The area of 0.99487-0.99574 seem tough resistance, which can activate a downward rebound. Meanwhile, the breakout and pair’s sustained trading above 0.99574 level will let the price grow to the area of 0.99640 (Murray [+1/8]). Alternative scenario. Pullback and price sustained trading below 0.99252 will let the price fall to the level 0.99182 (Murray [6/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.99030 (Murray [5/8])-0.98877 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.99252, 0.99182, 0.99030, 0.98877.
Resistance levels: 0.99383, 0.99487, 0.99640.

Trading recommendations

Long positions can be opened above the level of 0.99383 with the target at around 0.99487-0.99640 and stop-loss 0.99297.
Short positions can be opened above the level of 0.99252 with the target at around 0.99182-0.98877 and stop-loss 0.99377.

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USD/CAD: technical analysis 18.09.2019

USDCADH418092019.png

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1.32563. Assuming the pair’s ability to cross this level, the mark of 1.32751 (Murray [3/8])-1.32832 can be targeted if holding long positions. The area of 1.32751-1.32832 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.32832 can accelerate the pair towards 1.32994-1.33057 (Murray [4/8]). Alternative scenario. If USD/CAD cannot consolidate above the level of 1.32569 during short term period, the downward movemebt restoration and retest of the level 1.32446 (Murray [2/8]) are possible. The breakdown of this level will let USD/CAD fall to the level of 1.32253-1.32141 (Murray [1/8]). Technical indicators mostly reflect the moderate maintenance of the current upward trend. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards. Bollinger Bands are pointed sideways, reflecting relative calmness of the markets and sideways movement of the price.

Support and resistance

Support levels: 1.32446, 1.32253, 1.32141.
Resistance levels: 1.32563, 1.32751, 1.32832.

Trading recommendations

Long positions can be opened above the level of 1.32563 with the target at around 1.32751-1.32832 and stop-loss 1.32473.
Short positions can be opened below the level of 1.32446 with the target at around 1.32253-1.32141 and stop-loss 1.32547.

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EUR/USD: technical analysis 18.09.2019

EURUSDH418092019.png

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.10755. The first target of the correction is the level of 1.10513, which corresponds to the middle line of Bollinger Bands, where is a chance of an upward rebound. The breakdown and consolidation of the price below the level of 1.10474 (Murray [2/8]) will let EUR/USD fall to the level of 1.10321, 1.10168 (Murray [1/8]). The upward trend will be restored after the price is set above the level of 1.10779 (Murray [3/8]). In this case, the buyers will aim for the level of 1.10931, 1.11084 (Murray [4/8]). The mark of 1.11084 seem a key level for the buyers and can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.10474, 1.10323, 1.10168.
Resistance levels: 1.10779, 1.10869, 1.11084.

Trading recommendations

Long positions can be opened above the level of 1.10779 with the target at around 1.11084 and stop-loss 1.10677.
Short positions can be opened below the level of 1.10474 with the target at around 1.10168 and stop-loss 1.10576.

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AUD/USD: technical analysis 19.09.2019

AUDUSDH419092019.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 level of 0.67902 and can fall further to the area of levels 0.67800-0.67749 (Murray [0/8]). The mark of 0.67749 seem a strong support, that can prevent the instrument from falling. Meanwhile, the breakdown and pair’ sustained trading below this level will let AUD/USD fall to the level of 0.67596 (Murray [-1/8]).
Alternative scenario. If the “bulls” manage to raise the rate above the level of 0.67976, the correction can continue to the area of 0.68054 (Murray [2/8])-0.68137. The upward trend will be restored after the price is set above the level of 0.68207 (Murray [3/8]). In this case, the next targets of buyers will be the level of 0.68359 (Murray [4/8]). Technical indicators mostly maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.67749, 0.67596, 0.67444.
Resistance levels: 0.67976, 0.68137, 0.68359.

Trading recommendations

Long positions can be opened above the level of 0.67976 with the target at around 0.68207-0.68359 and stop-loss 0.67848.
Short positions can be opened below the level of 0.67749 with the target at around 0.67596-0.67444 and stop-loss 0.67850.

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USD/JPY: technical analysis 19.09.2019

USDJPYH419092019.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. At the moment the price has met the support at the level of 107.813 (Murray [4/8]). Assuming the pair’s ability to cross this level, the mark of 107.715-107.617 can be targeted if holding short positions. If the instrument cannot consolidate below the level of 107.813 during short term period , it will begin to grow to the area of 108.090, which is the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 108.200 (Murray [5/8]). The breakout of 108.200 can accelerate the pair towards 108.473 but this area can restrict further rise. 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 pointed downwards.

Support and resistance

Support levels: 107.813, 107.715, 107.617, 107.422.
Resistance levels: 108.090, 108.200, 108.473.

Trading recommendations

Short positions can be opened below the level of 107.813 with the target at around 107.715-107.422 and stop-loss 107.943.
Long positions can be opened above the level of 108.090 with the target at around 108.200-108.473 and stop-loss 107.962.

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GBP/USD: technical analysis 19.09.2019

GBPUSDH41909201.png

Current trend

GBP/USD continues to consolidate in the side channel 1.24588-1.24791. Technicaly the pair is trading above the middle line of Bollinger Bands suggesting bullish momentum. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.25122 (Murray [5/8]). In this case, the buyers will aim for the level of 1.25342, 1.25500. Alternative scenario. Pullback and pair’s sustained trading below the level 1.24512 (Murray [5/8]), which coincided with the middle line of Bollinger Bands, will let GBP/USD fall to the level of 1.24333, 1.24207.Technical indicators reflect the maintenance of the current sideways dynamic. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line.

Support and resistance

Support levels: 1.24512, 1.24333, 1.24207, 1.23901.
Resistance levels: 1.25122, 1.25342, 1.25500.

Trading recommendations

Short positions can be opened below the level of 1.24512 with the target at around 1.24333-1.24207 and stop-loss 1.24613.
Long positions can be opened above the level of 1.25122 with the target at around 1.25342-1.25500 and stop-loss 1.24996.

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GBP/USD: technical analysis 20.09.2019

GBPUSDH420092019.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. If the current trend maintains the next targets of buyers will be the level of 1.25732 (Murray [8/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 1.26000. If the sellers manage to decline the rate below the level of 1.25427 level, the downward correction can continue to the area of 1.25122 (Murray [5/8]). Additionally, pair’s sustained trading below the 1.25122 could set the area of 1.24800 on sellers’ radar. Technical indicators maintain a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.25427, 1.25122, 1.24800.
Resistance levels: 1.25732, 1.26000, 1.26343.

Trading recommendations

Long positions can be opened above the level of 1.25732 with the target at around 1.26000 and stop-loss 1.25632.
Short positions can be opened below the level of 1.25427 with the target at around 1.25122 and stop-loss 1.25527.

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XAU/USD: technical analysis 20.09.2019

XAUUSDH420092019.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 1505.43 and was slightly corrected downwards. Assuming the pair’s ability to cross 1505.43 mark, the level of 1507.81 can be targeted if holding long positions. Should prices continue rising above 1507.81, the level of 1511.56 might try activating a downward rebound. The downward trend will be restored after the price is set below the level of 1500.00 (Murray [0/8]), which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1496.55, 1492.19 (Murray [3/8]). 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 and are reaching the overbought area.

Support and resistance

Support levels: 1500.00, 1496.55, 1492.19.
Resistance levels: 1505.43, 1507.81, 1511.56.

Trading recommendations

Short positions can be opened below the level of 1500.00 with the target at around 1496.55-1492.19 and stop-loss 1502.30.
Long positions can be opened above the level of 1507.81 with the target at around 1511.56 and stop-loss 1506.50.

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NZD/USD: technical analysis 20.09.2019

NZDUSDH420092019.png

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.62850, but the general downward trend is still maintained.
If the “bulls” manage to raise the rate above the level of 0.63000, the correction can continue to the area of 0.63171,
which coincided with the middle line of Bollinger Bands.
There is a chance of an downward rebound with retest of the support level 0.62866 (Murray [2/8]).
Meanwhile, the breakout of 0.63171 can accelerate the pair towards 0.63248, 0.63324.
The downward trend will be restored after the price is set below the level of 0.62850.
In this case, the next targets of sellers will be the level of 0.62686.

Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.
Bollinger Bands are diverge on the background of bearish momentum.The volumes of MACD histogram are growing in the negative zone
Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.62866, 0.62686, 0.62561.
Resistance levels: 0.63000, 0.63171, 0.63248.

Trading recommendations

Short positions can be opened below the level of 0.62850 with the target at around 0.62686 and stop-loss 0.62904.
Long positions can be opened above the level of 0.63000 with the target at around 0.63171 and stop-loss 0.62943.

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USD/CHF: technical analysis 23.09.2019

USDCHFH423092019.png

Current trend

USD/CHF is trading side narrow channel 0.98939-0.99215. The general downward trend is still maintained, which is confirmed by technical indicators. If the sellers manage to decline the rate below the level of 0.99073, the downward movement can continue to the area of 0.98877 (Murray [4/8]). The level of 0.98877 seem a strong support. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98690. Alternative scenario. The upward trend will be restored after the price is set above the level of 0.99357, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.99487 (Murray [6/8]), 0.99680. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.99073, 0.98877, 0.98690.
Resistance levels: 0.99182, 0.99357, 0.99487, 0.99680.

Trading recommendations

Long positions can be opened above the level of 0.99357 with the target at around 0.99487-0.99680 and stop-loss 0.99249.
Short positions can be opened above the level of 0.99073 with the target at around 0.98877-0.98690 and stop-loss 0.99200.

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USD/CAD: technical analysis 23.09.2019

USDCADH423092019.png

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1.32751, which coincided with the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of this level, the upward moevemnt can continue to the area of 1.23832, 1.33057 (Murray [4/8]). The area of 1.33057 level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario. If USD/CAD cannot consolidate above the level of 1.32751 during short term period, the downward movemebt restoration and retest of the level 1.32446 (Murray [2/8]) are possible. The breakdown of this level will let USD/CAD fall to the level of 1.32253-1.32141 (Murray [1/8]). Technical indicators mostly reflect the moderate maintenance of the current upward trend. MACD is slowly growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways, reflecting relative calmness of the markets and sideways movement of the price.

Support and resistance

Support levels: 1.32675, 1.32446, 1.32253, 1.32141.
Resistance levels: 1.32751, 1.32832, 1.33057.

Trading recommendations

Long positions can be opened above the level of 1.32751 with the target at around 1.32832-1.33057 and stop-loss 1.32649.
Short positions can be opened below the level of 1.32675 with the target at around 1.32446 and stop-loss 1.32751

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EUR/USD: technical analysis 23.09.2019

EURUSDH423092019.png

Current trend

EUR/USD is in the stage of upward correction after falling to the level of 1.09959. The price went up above the level of 1.10168 (Murray [1/8]) and can grow further to the levels of 1.10260 and 1.10425, which coincided with the middle line of Bollinger Bands. The area of 1.10425-1.10474 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The downward trend will be restored after the price is set below the level of 1.09959. In this case, the next targets of sellers will be the level of 1.09863 (Murray [4/8]). The level of 1.09863 seem a 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 1.09711. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.10168, 1.09959, 1.09711.
Resistance levels: 1.10259, 1.10425, 1.10673.

Trading recommendations

Long positions can be opened above the level of 1.10260 with the target at around 1.10425-1.10673 and stop-loss 1.10122.
Short positions can be opened below the level of 1.09959 with the target at around 1.09863-1.09711 and stop-loss 1.10041.

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AUD/USD: technical analysis 24.09.2019

AUDUSDH424092019.png

Current trend

On 4-hour chart, the instrument shows a moderate positive dynamic. At the moment the price has met the resistance at the level of 0.67856, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 0.68054 (Murray [7/8]) can be targeted if holding long positions. The level of 0.68054 seem a strong resistance, that can activate an downward rebound. If AUD/USD cannot consolidate above the level of 0.67856 during short term period, the downward movement restoration and retest of the level 0.67658 are possible. The general downward trend will be restored after the price is set below the level of 0.67444 (Murray [5/8]). In this case, the next targets of sellers will be the level of 0.67139 (Murray [4/8]). Technical indicators reflect the moderate maintenance of the current upward dynamic. Bollinger Bands are converging on the background of bullish momentum. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.67749, 0.67658, 0.67444.
Resistance levels: 0.67856, 0.68054, 0.68359.

Trading recommendations

Long positions can be opened above the level of 0.67856 with the target at around 0.68054 and stop-loss 0.67790.
Short positions can be opened below the level of 0.67749 with the target at around 0.67658-0.67444 and stop-loss 0.67850.

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USD/JPY: technical analysis 24.09.2019

USDJPYH424092019.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias due to upward correction. The key target of the correction is the level of 107.813 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 108.008 (Murray [5/8]). Alternative scenario. Pullback below 107.422 (Murray [2/8]) could lead the price to 107.307 level. The downward trend will be restored after the price is set below the level of 107.227 (Murray [1/8]). In this case, the next targets of sellers will be the level of 107.031 (Murray [0/8]). Technical indicators reflect the maintenance of the upward correction potential. Bollinger Bands are converging, reflecting the development of the current upward trend. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 107.617, 107.422, 107.227.
Resistance levels: 107.813, 108.008, 108.203.

Trading recommendations

Long positions can be opened above the level of 107.636 with the target at around 107.813 and stop-loss 107.577.
Short positions can be opened below the level of 107.422 with the target at around 107.307-107.227 and stop-loss 107.487.

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GBP/USD: technical analysis 24.09.2019

GBPUSDH424092019.png

Current trend

GBP/USD continues to consolidate in the side channel 1.24122-1.24378. If the sellers manage to decline the rate below the support level of 1.24207 (Murray [3/8]), the downward movement can continue to the area of 1.23901 (Murray [2/8]). Pullback above resistance 1.24512 will let the price to grow to the area of 1.24817 (Murray [5/8]),which coincided with the middle line of Bollinger Bands. The area of 1.24817 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile break of this level can accelerate the pair towards 1.25122 (Murray [6/8]). The 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 has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.24207, 1.23901, 1.23710.
Resistance levels: 1.24512, 1.24817, 1.25122.

Trading recommendations

Short positions can be opened below the level of 1.24207 with the target at around 1.23901 and stop-loss 1.24307.
Long positions can be opened above the level of 1.24512 with the target at around 1.24817 and stop-loss 1.24412.

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USD/CHF: technical analysis 25.09.2019

USDCHFH425092019.png

Current trend

USD/CHF price is correcting up after the fall to the level of 0.98439. The key target of the correction is the area of 0.98877 (Murray [3/8])-0.98947 which corresponds to the middle line of Bollinger Bands. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout and pair’s sustained trading above this level will let the price price grow to the level of 0.99048-0.99182 (Murray [4/8]).
Alternative scenario. If USD/CHF cannot consolidate above the level of 0.98746 during short term period, the pullback and retest of the level 0.98572 (Murray [3/8]) are possible. The downward trend will be restored after the price is set below the level of 0.98439. In this case, the next targets of sellers will be the level of 0.98267 (Murray [2/8])-0.98160. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are slowly 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: 0.98572, 0.98439, 0.98267.
Resistance levels: 0.98746, 0.98877, 0.99048.

Trading recommendations

Short positions can be opened above the level of 0.98572 with the target at around 0.98439-0.98267 and stop-loss 0.98673.
Long positions can be opened above the level of 0.98746 with the target at around 0.98877-0.99048 and stop-loss 0.98645.

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NZD/USD: technical analysis 25.09.2019

NZDUSDH425092019.png

Current trend

NZD/USD quotes attempted to grow, but reaching 0.63477 (Murray [4/8]) mark moved to a decline. If the sellers manage to decline the rate below the level of 0.63171, the correction can continue to the area of 0.62866 (Murray [2/8]), which coincided with 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 level of 0.62711-0.62561 (Murray [1/8]). The upward trend will be restored after the price is set above the level of 0.63477. In this case, the next targets of buyers will be the level of 0.63614-0.63782 (Murray [5/8]). The technical picture is mixed. Bollinger Bands are diverging on the background of bullish momentum. 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: 0.63171, 0.62866, 0.62711, 0.62561.
Resistance levels: 0.63477, 0.63614, 0.63782.

Trading recommendations

Short positions can be opened below the level of 0.63171 with the target at around 0.62686 and stop-loss 0.63272.
Long positions can be opened above the level of 0.63477 with the target at around 0.63614-0.63782 and stop-loss 0.63375.

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

      Very Low Spread

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

      No Restrictions on Trading - Scalping Allowed

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

      Price Level II - Market Depth

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

      About IC Markets

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

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

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

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
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