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

USD/CAD: TECHNICAL ANALYSIS 08.10.2019
Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 1.33057 (Murray [6/8]) and can fall to the levels of 1.32751 (Murray [3/8]). Such case scenario will be actual after price is set below the support level of 1.32898. The level of 1.32751 seem a key target for the shor-term sellers. There is a chance of an upward rebound, while its breakdown would be a start for the formation of an downtrend. Pair’s sustained trading below the level of 1.32751 will let the USD/CAD reach 1.32599-1.32446 (Murray [2/8]).
Alternative scenario.
Pullback above 1.33057 level could lead the price back to 1.33162, which coincided with the middle line of Bollinger Bands. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33264. In this case, the next targets of buyers will be the level of 1.33362 (Murray [5/8]). Should prices continue growing above 1.33362 mark, the area of level of 1.33473-1.33667 might try activating an downward rebound.
Technical indicators mostly keep a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards.
USDCADH40710219-1-1024x565.png
Support and resistance

Support levels: 1.32921, 1.32751, 1.32599, 1.32446.
Resistance levels: 1.33057, 1.33162, 1.33264, 1.33362.

Trading recommendations

Short positions can be opened below the level of 1.32921 with the target at around 1.32751-1.32599 and stop-loss 1.33041.
Long positions can be opened above the level of 1.33057 with the target at around 1.33162-1.33362 and stop-loss 1.32955.

Share this post


Link to post
Share on other sites

GBP/USD: TECHNICAL ANALYSIS 08.10.2019
Current trend

The GBPUSD pair begins today’s trading with slight bullish bias due to upward correction, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 1.22998, the correction can continue to the area of 1.23213, which is the key target of upward correction. The area of 1.23213-1.23291 seem a strong resistance which 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 beyond the 1.23291 mark will indicate up trend resumption. In this case the buyers will have its sights on resistance at 1.23596 (Murray [5/8]).
Alternative scenario.
If GBP/USD cannot consolidate above the level of 1.22998 during short term period, the downward movement restoration and retest of the level 1.22833 are possible. A significant decrease is possible after the breakout of the level 1.22681 (Murray [2/8]), which can develop to the level of 1.22375 (Murray [1/8]). Technical indicators reflect the maintenance of the downward potential. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is pointed downwards, reflecting the high possibility of the downward movement formation. Bollinger Bands are pointed sideways.
GBPUSDH408102019-1024x565.png
Support and resistance

Support levels: 1.22833, 1.22681, 1.22375.
Resistance levels: 1.22998, 1.23291, 1.23596.

Trading recommendations

Short positions can be opened below the level of 1.22681 with the target at around 1.22375 and stop-loss 1.22781.
Long positions can be opened above the level of 1.22998 with the target at around 1.23291 and stop-loss 1.22900.

Share this post


Link to post
Share on other sites

USD/CHF: TECHNICAL ANALYSIS 09.10.2019
Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. If the current trend maintains the pair will reach the level of 0.99487 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The area of 0.99478-0.99544 can prevent the instrument from growing, as the possibility of the downward rebound is high there. Meanwhile pair’s sustained trading above the 0.99544 level will let the price to grow to the area of 0.99792 (Murray [7/8]).
Alternative scenario. If USD/CHF cannot consolidate above the level of 0.99544 during short term period, the downward movement restoration and retest of the support level 0.99182 (Murray [5/8])are possible. A significant decrease is possible after the breakdown of the level 0.99182. In this case, the next targets of sellers will be the level of 0.99043-0.98877 (Murray [4/8]).
The technical picture is mixed. Bollinger Bands are converging without any clear signal. MACD volumes are slowlt decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.
USDCHFH409102019-1024x565.png
Support and resistance

Support levels: 0.99300, 0.99182, 0.99043, 0.98877.
Resistance levels: 0.99487, 0.99544, 0.99792.

Trading recommendations

Long positions can be opened above the level of 0.99487 with the target at around 0.99544-0.99792 and stop-loss 0.99385.
Short positions can be opened below the level of 0.99182 with the target at around 0.99043-0.98877 and stop-loss 0.99283.

Share this post


Link to post
Share on other sites

NZD/USD: TECHNICAL ANALYSIS 09.10.2019
Current trend

On the 4-hour chart, the instrument is trading above the middle line of Bollinger Bands (0.63060) suggesting bullish momentum. Meanwhile the level of 0.63171 (Murray [6/8]) seem a strong hurdle for NZD/USD. The breakout and consolidation of the price above this level will let NZD/USD reach the level of 0.63324 (Murray [7/8]). Should prices continue growing above 0.63324 mark, the level of 0.63371-0.63477 (Murray [8/8]) might try activating a downward rebound.
Alternative scenario. If the sellers manage to decline the rate below the level of 0.63051, the correction can continue to the area of 0.62866 (Murray [4/8]). The level of 0.62866 seem a key level for the sellers. The breakdown and pair’s sustained trading below this level will let the price fall to the 0.62714 mark.
Technical indicators mostly reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways.
NZDUSDH409102019-1024x565.png
Support and resistance

Support levels: 0.63060, 0.62866, 0.62714.
Resistance levels: 0.63171, 0.63324, 0.63477.

Trading recommendations

Long positions can be opened above the level of 0.63171 with the target at around 0.63324-0.63477 and stop-loss 0.63069.
Short positions can be opened below the level of 0.63051 with the target at around 0.62866-0.62714 and stop-loss 0.63163.

Share this post


Link to post
Share on other sites

XAU/USD: TECHNICAL ANALYSIS 09.10.2019
Current trend

XAU/USD quotes attempted to grow, but reaching 1509.34 mark moved to a downward correction. The instrument has the potential to further correction to the level of 1501.88, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1497.76. The upward trend will be restored after the price is set above the level of 1510.00. In this case, the next targets of buyers will be the level of 1515.63 (Murray [5/8])-1519.50.
The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the market. MACD is slowly growing in the positive zone. Stochastic is pointed sideways.
XAUUSDH409102019-1024x565.png
Support and resistance

Support levels: 1501.88, 1497.76, 1492.19.
Resistance levels: 1509.34, 1515.63, 1519.50.

Trading recommendations

Short positions can be opened below the level of 1501.88 with the target at around 1497.76 and stop-loss 1503.10.
Long positions can be opened above the level of 1510.00 with the target at around 1515.63 and stop-loss 1507.70.

Share this post


Link to post
Share on other sites

USD/CAD: TECHNICAL ANALYSIS 10.10.2019
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 1.33153,which coincided with the middle line of Bollinger Bands. The breakdown of this level will let the price to fall to the area of 1.33057 (Murray [4/8]). The level of 1.33057 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would be a start for the formation of a downtrend. In this case, the next targets of sellers will be the level of 1.32947-1.32751 (Murray [3/8]).
Alternative scenario.
The pullback and pair’s sustained trading beyond 1.33250 will let the price to grow to the area of 1.33362. We notice that the area of 1.33250-1.33362 is the strong resistance zone which can prevent the instrument from growing. If the price is set above the level of 1.33437, the upward trend can restore, and the buyers will aim for the 1.33447-1.33667 (Murray [6/8]) resistance zone
Technical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are pointed sideways.
USDCADH410102019-1024x565.png
Support and resistance

Support levels: 1.33057, 1.32947, 1.32751.
Resistance levels: 1.33250, 1.33362, 1.33447, 1.33667.

Trading recommendations

Short positions can be opened below the level of 1.33057 with the target at around 1.32947-1.32751 and stop-loss 1.33159.
Long positions can be opened above the level of 1.33250 with the target at around 1.33362-1.33447 and stop-loss 1.33180.

Share this post


Link to post
Share on other sites

USD/JPY: TECHNICAL ANALYSIS 10.10.2019
Current trend

USD/JPY quotes attempted to grow, but reaching 107.770 resistance mark moved to a downward correction. If the sellers manage to decline the rate below the level of 107.422, the correction can continue to the area of 107.218 which coincided with the middle line of Bollinger Bands. Should prices continue slipping under 107.218, the level of 107.031 might try activating a upward reboud. The upward movement will be restored after the price is set above the level of 107.617. In this case, the next targets of buyers will be the level of 107.813 (Murray [4/8]), which is the key level for the short term period. There is a chance of an downward rebound, while its breakout would indicate up trend resumption. In this case, USD/JPY will have its sights on resistance at 108.000.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is 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.
USDJPYH410102019Ati-1024x565.png
Support and resistance

Support levels: 107.422, 107.227, 107.031.
Resistance levels: 107.617, 107.813,108.000.

Trading recommendations

Long positions can be opened above the level of 107.617 with the target at around 107.813-107.900 and stop-loss 107.522.
Short positions can be opened below the level of 107.422 with the target at around 107.227-107.100 and stop-loss 107.529.

Share this post


Link to post
Share on other sites

EUR/USD: TECHNICAL ANALYSIS 10.10.2019
Current trend

EUR/USD is trading above its middle middle line of Bollinger bands suggesting bullish momentum. The instrument is now trying to consolidate above the resistance level of 1.09863 (Murray [8/8]). Assuming the pair’s ability to cross this level, the area of 1.10016 (Murray [+1/8]) - 1.10168 (Murray [+2/8]) can be targeted if holding long positions.
Alternative scenario.
Pullback and pair’s sustained trading below 1.09711 (Murray [7/8]) could lead the price to the 1.09558 (Murray [6/8]) level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.09406 (Murray [5/8]).
Technical indicators reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Bollinger Bands are pointed sideways.
EURUSDH410102019Ati-1024x565.png
Support and resistance

Support levels: 1.09711, 1.09558, 1.09406.
Resistance levels: 1.09863, 1.10016, 1.10168.

Trading recommendations

Long positions can be opened above the level of 1.09930 with the target at around 1.10016-1.10168 and stop-loss 1.09850.
Short positions can be opened below the level of 1.09711 with the target at around 1.09558-1.09406 and stop-loss 1.09812.

Share this post


Link to post
Share on other sites

We pride ourselves in being upfront and honest with our traders, whether that means a $1,000 winning day or a $1,000 losing day. We want them to see how trades are executed and how to handle the many different scenarios that the stock market can throw at you. It is to this end that Jared and Anmol created Livetraders.com. We have gone through the myriad of pitfalls that this business inevitably dishes out to everyone and we survived through hard work, dedication and passion to success. We were able to do this for 3 main reasons: Dedication, Education and Persistence.

Between the 2 of us we have had the opportunity to attend many seminars and try out many different trading chat rooms through the years, and although there is generally good intent at most educational trading firms, they usually lack in the important specific details that are necessary in becoming a profitable professional trader. If you want to know more details please visit here  Forex Signals

Share this post


Link to post
Share on other sites

AUD/USD: TECHNICAL ANALYSIS 11.10.2019
Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went up above the though resistance 0.67749 and can grow further to the levels of 0.67902-0.68054. The area of 0.67902-0.68054 seem a strong resistance area which can restrict further rise. Further close above 0.68054 level may push AUD/USD more higher towards the area of 0.68137-0.68300. But probably any attempted growth seems more likely to get sold into aggressively near the 0.68054-0.68137.
Alternative scenario. Pullback and price sustained trading below 0.67701 level will let the price fall to the 0.67596 support. The breakdown of this level will be a signal for downward movement formation. In this case, the next targets of sellers will be the level of 0.67444. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are growing in the positive zone. Stochastic is ready to left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.
AUDUSDH411102019-1024x565.png
Support and resistance

Support levels: 0.67749, 0.67596, 0.67444.
Resistance levels: 0.67814, 0.67902, 0.68054.

Trading recommendations

Long positions can be opened above the level of 0.67814 with the target at around 0.67902-0.68054 and stop-loss at 0.67734.
Short positions can be opened below the level of 0.67701 with the target at around 0.67596-0.67444 and stop-loss at 0.67786.

Share this post


Link to post
Share on other sites

NZD/USD: TECHNICAL ANALYSIS 11.10.2019
Current trend

NZD/USD quotes attempted to grow, but reaching 0.63293 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.63171, the correction can continue to the area of 0.63100, which coincided with the middle line of Bollinger Bands.
Assuming the pair’s ability to cross 0.63100 mark, the level of 0.63019-0.62866 can be targeted if holding short positions. The key “bearish” level is 0.62866 at the lower line of Bollinger bands. The consolidation below it will give the prospect of fall to the levels of 0.62714.
Alternative scenario. If NZD/USD cannot consolidate below the level of 0.63100 during short term period, the upward movement restoration and retest of the resistance 0.63324 level are possible. Decisive breakout of 0.63324 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the area of 0.63477-0.63629 levels.
On 4-hour chart, technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are converging on the background of bullish momentum. MACD is 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.
NZDUSDH411102019-1024x565.png
Support and resistance

Support levels: 0.63171, 0.63019, 0.62866, 0.62714.
Resistance levels: 0.63324, 0.63477, 0.63629.

Trading recommendations

Short positions can be opened below the level of 0.63100 with the target at around 0.62866 and stop-loss at 0.63178.
Long positions can be opened above the level of 0.63324 with the target at around 0.63477-0.63629 and stop-loss at 0.63222.

Share this post


Link to post
Share on other sites

XAU/USD: TECHNICAL ANALYSIS 11.10.2019
Current trend

On 4-hour chart, XAU/USD is in the stage of upward correction after falling to the level of 1490.78. The first target of the correction is the level of 1500.00, which corresponds to the middle line of Bollinger Bands. The area of 1500.00 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 of the level 1500.00 will let the price grow to the level of 1504.50.
Alternative scenario.
One may speak about downward movement continuation after the price consolidates below the support level of 1490.00. In this case, the next targets of sellers will be the level of 1484.38.
On 4-hour chart, 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.
XAUUSDH411102019-1024x565.png
Support and resistance

Support levels: 1492.19, 1488.12, 1484.38.
Resistance levels: 1500.00, 1504.50, 1507.81.

Trading recommendations

Short positions can be opened below the level of 1492.19 with the target at around 1488.12 and stop loss at 1493.19.
Long positions can be opened above the level of 1500.00 with the target at around 1504.50 and stop loss at 1498.70.

Share this post


Link to post
Share on other sites

USD/CHF: TECHNICAL ANALYSIS 14.10.2019

Current trend

USD/CHF quotes attempted to fall, but reaching 0.99552 (middle line of Bollinger Bands) mark moved to a upward correction. If the "bulls" manage to raise the rate above the level of 0.99640, the correction can continue to the area of 0.99792-0.99945. The area of 0.99945 level seem a key level for the buyers in short term period. There is a chance of an downwards rebound, while its breakout will trigger pair’s fresh run-up to 1.00098 resistance line.
Alternative scenario.
The downward trend will be restored after the price is set below the level of 0.99487. In this case, the next targets of sellers will be the level of 0.99335-0.99182.
The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are decreasing in the positive zone.

USDCHFH414102019-1024x565.png

Support and resistance

Support levels: 0.99487, 0.99335, 0.99182.
Resistance levels: 0.99640, 0.99792, 0.99945.

Trading recommendations

Short positions can be opened below the level of 0.99487 with the target at around 0.99335-0.99182 and stop-loss at 0.99588.
Long positions can be opened above the level of 0.99640 with the target at around 0.99792-0.99945 and stop-loss at 0.99538

Share this post


Link to post
Share on other sites

USD/CAD: TECHNICAL ANALYSIS 14.10.2019
Current trend

The USD/CAD pair begins today’s trading with slight bullish bias due to correction. The price is testing the resistance level of 1.32141. Breakout and pair’s sustained trading beyond this level can accelerate the pair towards 1.34446.
Alternative scenario.
Pullbacks below 1.32000 could lead the price back to 1.31836 support level. This level seem tough support as break of which can diver market to 1.31705 and 1.31531 support-zone. Technical indicators mostly keep a sell signal but the upward correction is possible in the short term.
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.
USDCADH414102019-1024x565.png
Support and resistance

Support levels: 1.31836, 1.31531, 1.32226.
Resistance levels: 1.32141, 1.32446, 1.32751.

Trading recommendations

Short positions can be opened below the level of 1.31836 with the target at around 1.31531 and stop-loss 1.31936.
Long positions can be opened above the level of 1.32141 with the target at around 1.32446 and stop-loss 1.32041

Share this post


Link to post
Share on other sites

EUR/USD: TECHNICAL ANALYSIS 14.10.2019
Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.10625. The first target of the correction is the level of 1.10029, which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1.10168 mght be intermediate support during the plunge to correction target. There is a chance of an upward rebound from the area of 1.10029 , while its breakdown would allow the fall to continue to the level of 1.09863, which is the key target for the sellers.

Alternative scenario.
If the "bulls" manage to raise the rate above the level of 1.10474, the correction can continue to the area of 1.10625. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.10779-1.11084.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is slowly growing in the positive zone. Bollinger Bands are pointed upwards. However, as the Stochastic is in the oversold area, and the price has broken the upper border of Bollinger Bands, the downward correction is not excluded.
EURUSDH414102019-1024x565.png
Support and resistance

Support levels: 1.10168, 1.10029, 1.09863.
Resistance levels: 1.10474, 1.10625, 1.10779, 1.11084.

Trading recommendations

Long positions can be opened above the level of 1.10474 with the target at around 1.10625-1.10779 and stop-loss 1.10374.
Short positions can be opened below the level of 1.10168 with the target at around 1.10029-1.09863 and stop-loss 1.10268.

Share this post


Link to post
Share on other sites

AUD/USD: TECHNICAL ANALYSIS 15.10.2019
Current trend

On 4-hour chart, the instrument is consolidating around the middle line of the Bollinger Bands (0.67749). If the sellers manage to decline the rate below the level of 0.67643, the downward movement can continue to the area of 0.67509-0.67444. The area of 0.67444 level seem a strong support, which can activate an upward rebound. If the price cannot consolidate below the level of 0.67643 during short term period, the price can reverse and retest the resistance level of 0.67884.
The general upward trend will be restored after the price is set below the level of 0.67884.
In this case, the buyers will aim for the level of 0.68054-0.68102.
The technical picture is mixed. Bollinger Bands are converging on the background of bearish momentum. MACD histogram has moved to a decline, forming a weak sell signal. Bollinger Bands are pointed sideways.
AUDUSDH415102019-1024x565.png
Support and resistance

Support levels: 0.67643, 0.67509, 0.67444.
Resistance levels: 0.67749, 0.67884, 0.68054, 0.68102.

Trading recommendations

Short positions can be opened below the level of 0.67643 with the target at around 0.67509-0.67444 and stop-loss 0.67713.
Long positions can be opened above the level of 0.67884 with the target at around 0.68054-0.68102 and stop-loss 0.67811.

Share this post


Link to post
Share on other sites

USD/JPY: TECHNICAL ANALYSIS 15.10.2019
Current trend

USD/JPY pair continues to consolidate in the side channel with the borders 108.445-108.277. Meanwhile, the pair has the potential to further downside to the support level of 108.203. The breakdown of this level will be a signal for downward movement development and let the price to fall to the area of 108.027. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 107.813 mark, which seem a key for the sellers.
Alternative scenario. If USD/JPY cannot consolidate below the level of 108.203 during short term period, the upward movement restoration and retest of the resistance level 108.594 are possible. One may speak about upward trend continuation after the price consolidates above this level. In this case, the next targets of buyers will be the area of level of 108.984. Now the technical indicators reflect the low trading activity and moderate developing of the current downward movement. Bollinger Bands are converging on the background of bearish momentum. 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.
USDJPYH415102019-1024x565.png
Support and resistance

Support levels: 108.203, 108.027, 107.813.
Resistance levels: 108.594, 108.984, 109.375.

Trading recommendations

Short positions can be opened below the level of 108.203 with the target at around 108.027-107.813 and stop-loss 108.336.
Long positions can be opened above the level of 108.594 with the target at around 108.984 and stop-loss 108.464.

Share this post


Link to post
Share on other sites

GBP/USD: TECHNICAL ANALYSIS 15.10.2019
Current trend

The GBPUSD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1.26343. Assuming the pair’s ability to cross this level, the mark of 1.26600-1.26953 can be targeted if holding long positions. The level of 1.26953 seem a key level for the buyers. There is a chance of an downward rebound, while its breakout would give the prospect of growth to the levels of 1.27200-1.27300.

Alternative scenario.
Pullbacks below 1.25732 could lead the price back to the 1.25500 and 1.25329 level. Should prices continue slipping under 1.25329 mark, the level of 1.25122 might try activating an upward rebound.

Technical indicators reflect the maintenance of the upward potential.
Bollinger Bands and Stochastic are pointed upwards.
MACD is actively growing in the positive zone.
GBPUSDH415102019-1024x565.png
Support and resistance

Support levels: 1.25732, 1.25500, 1.25329, 1.25122.
Resistance levels: 1.26343, 1.26600, 1.26953, 1.27200.

Trading recommendations

Short positions can be opened below the level of 1.25732 with the target at around 1.25500, and stop-loss 1.25809.
Long positions can be opened above the level of 1.26343 with the target at around 1.26600 and stop-loss 1.26257.

Share this post


Link to post
Share on other sites

EUR/JPY: TECHNICAL ANALYSIS 16.10.2019
Current trend

EUR/JPY is in the stage of downward correction after raising to the level of 120.220. If the sellers manage to decline the rate below the level of 119.740, the correction can continue to the area of 119.531, which coincided with the middle line of Bollinger Bands. This area can prevent the instrument from falling as the possibility of the reverse of the price is high there. Meanwhile, the breakdown and pair’s sustained trading below the 119.531 would be a signal for downtrend formation. In this case, the next targets of sellers will be the level of 119.102.
Alternative scenario.
One may speak about upward movement continuation after the price consolidates above the resistance level of 120.125. In this case, the buyers will try to retest the resistace area 120.220. We notice, the area of 120.220-120.313 seem a strong resistance area, which can activate an downward rebound.
Meanwhile, decisive break of 120.313 level will indicate the up trend resumption and give the prospect of growth to the levels of 120.514-120.706. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.
EURJPYH416102019-1024x565.png
Support and resistance

Support levels: 119.740, 119.531, 119.102.
Resistance levels: 120.220, 120.313, 120.514.

Trading recommendations

Short positions can be opened below the level of 119.740 with the target at around 119.531 and stop loss at 119.810.
Long positions can be opened above the level of 120.220 with the target at around 120.313-120.514 and stop loss at 120.122.

Share this post


Link to post
Share on other sites

XAU/USD: TECHNICAL ANALYSIS 16.10.2019
Current trend

On 4-hour chart, XAU/USD is in the stage of upward correction after falling to the level of 1477.15. At the moment has met the significant resistance around of the level 1484.61. Assuming the pair’s ability to cross this level, the mark of 1488.82 can be targeted if holding long positions. The level of 1488.82 (corresponds to the middle line of Bollinger Bands) seem a key correction target. There is a chance of an downward rebound, while its breakout would allow the growth to continue to the area of 1492.19 level.
Alternative scenario.
The downward trend will be restored after the price is set below the level of 1476.56. In this case, the next targets of sellers will be the level of 1468.75, which is the key level for the sellers in shor term period.
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.
XAUUSDH416102019-1024x565.png
Support and resistance

Support levels: 1476.56, 1468.75, 1460.94.
Resistance levels: 1484.61, 1488.82, 1492.19.

Trading recommendations

Short positions can be opened below the level of 1476.56 with the target at around 1468.75 and stop loss at 1478.80.

Long positions can be opened above the level of 1484.61 with the target at around 1488.82-1492.19 and stop loss at 1482.30.

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 searchyip77
      I Am NOT ADMIN/OWNER OF  THE PROJECT!!!!
      PLEASE READ MORE TO KNOW ABOUT COINCHAIN DIGITAL

      Online Date : 2020-1-8

       Investment Plans:  1% hourly 103 hour, 2% hourly 55 hour, 3% horly 50 hour, 5% hourly 20 hour

      Min Spend :   10$

      Referral Commission : 8%

      Withdrawal Type manual

      Licensed Script

      DDoS Protection by DDOS-Guard

      Accpet Payment :   BitCoin, PerfectMoney, Payeer , Ethereum , Litecoin

      About Project :

      coinchaindigital.com - top-end platform with the best specialists, which works in the field of trading on stock and cryptocurrency DEX exchanges.
      Our platform provides a stable profit and is one of the best options for investing capital.
      Your funds will work in the most trendy and innovative schemes that will provide you with high interest rates on dividends.
      Our company values its reputation and pays attention to many nuances, this makes us a reliable partner for many major players in the field.

       

       
    • By fxfarmerashik
      Do you want to bet the BRITISH pound will diminish after BREXIT?

      Then you will need to trade the pair USD / GBP.

      Containing every currency in the world, the Forex market is the largest and most liquid market in the world, with an average daily turnover of just under 4 billion USD.
      To access this market you will need an online Forex broker. In order to choose the right broker to trade with, you need to understand how they work and most importantly, how they can help you.

      Each broker is different and has its own quality and downfalls. Some brokers may place a stronger focus on customer support, or low cost, while others may offer more sophisticated tools and resources.

      Knowing your investment style, and the area where you want the broker you are in a strong would make it easier for you to narrow your search.
      Of course, there are also things you should be aware of when looking for your ideal broker, the industry has different rules, and different countries strictly enforce the law.

      Here are the deets…

      Few key points regarding a Forex Broker.
      Allows you to buy and sell foreign currency Opening an account with Forex trading has become easier over the years. Now, it is quite a simple and easy task, and generally only takes a few short steps to complete. A broker will offer significant leverage with your account, which varies in amount. Forex broker is traditionally made money on fees and commissions but this is now a thing of the past, paving the way for the industry more accessible. Many brokers offer education, research materials, and even the center to help guide you and prevent you from much every rookie, or even more advanced but an error prevented. Some brokers offer exceptional knowledge, research, and customer support to help you strategize, avoiding loss and grow into an expert trader. Forex market as we know it today is a relatively new industry with regulations that can also depend on where the broker is located.
      What is a Forex Broker?

      Forex brokers basically work as a middle-man between the trader and inter-bank, or a bank network, to allow you to buy and sell foreign currency. A Forex broker will take the price of the bank and offer the best price available.

      Forex Brokers can also be called a retail Forex broker, or currency trading broker.

      Once you have a broker, you can access the market to speculate on rising or falling prices in the hope of making your own great Soros win.
      Okay, so you probably do not have much money to put down (yet), but a big win nonetheless! institutions or large companies can also benefit from the service broker.

      Understanding Forex Broker Role

      In order to trade, you need access to the currency pair; Brokers do it by giving you access to the major currency pairs, including:
      EUR / USD GBP / USD USD / JPY USD / CHF
      Along with the other G10 currencies.

      You can then start buying and selling a currency pair. For example, buying British Pound with outside of the US Dollar will require the purchase of the GBP / USD.
      Once you have done this then you can try to make a profit by closing a partner when the exchange rate changed in your favor.

      Open Account

      Opening an account with Forex trading has become easier over the years. Now, it is quite a simple and easy task, and generally only takes a few short steps to complete. The whole process should only take a few days.

      Some Forex brokers will require you to have a minimum account, but fewer broker asks these requirements with the industry move towards zero cost.
      Increase Your Income With a leverage

      A broker will offer the maximum to your account, which varies in amount. This leverage can be anywhere from 10: 1 to 100: 1. For example, if you have $ 1,000, your broker can provide leverage 1:10, which means that you can make initial trading of currency pairs up to $ 10,000.

      Do not let it get to your head though. Traders often can forget the risks that come along with leverage. This can increase your profits but also can bring you down a terrible loss.

      Broker Commission & Fees: A Sea Change accessible Trade

      The brokerage industry traditionally made most of their income from commissions and fees, but we are now approaching a new era with many brokers reduce and eliminate costs in an effort to remain competitive.

      Not all brokers have reached the stage of zero charges again, so you’ll need to be aware of individual fees and commissions depending on the broker.

      Spread

      Deployment is one of the ways that the broker will get money. This is the difference between the bid and asks the price of a currency pair, or in other words, the price at which to buy and sell.

      Forex brokers analyze the market and then offer a price for the pair. These prices usually vary slightly from market prices. For example, if the asking price of the currency from 1.15558 to 1.15557, the spread is 0.0001, or 1 pip. A pip is a term used to express the number of brokerage fees.

      Deployment is one way to determine the brokerage commissions. However, some brokers offer variable spreads or fixed spreads, then take the difference between the spread and the spread of their own market.

      A Variable Spreading

      A broker will offer a variable spread to avoid possible losses or market risk. To do this, the broker added cost on top of the spread, which leaves room for market fluctuations in the spread.

      If your broker offers the potential of a variable spread then you should take these costs into consideration when trading.

      A Fixed Spread

      If a broker that offers fixed spreads then you will have a spread of pre-set no matter the currency pair. The idea is that the broker will be higher spread than the spread of the market, which will enable them to profit from the difference.

      The fixed price spread is easier to work with and better for consistency when buying and selling a currency pair. Some brokers also charge a fixed dollar commission per trade 100,000 units. For example, if you trade 100 units, you have to multiply it by 0.01 to get the price of the commission.

      With this, if you are trading on margin, then you may be subject to the interest rate for this as well. The final cost to be aware of is the cost of holding overnight. Some brokers charge this fee to hold positions overnight, this happens when the market is closed, which is not often.

      You do not need to pay the cost of futures trading though, because they already have the cost built into the spread.

      Besides if you choose a good and regulated Forex broker then you’ll also get several types of market indications, accurate signals, latest currency news, various trading guides, etc.

      So, make sure you CHOOSE the best one.

      The Bottom Line

      Brokers have many traders who offer whether you are just starting in the world of trading or if you are more advanced. Choosing the right broker will help you learn, grow, avoiding risky situations, and develop strategies along the way.

      Be sure to research where your broker and regulations they are responsible for before and be careful with your leverage; the possibility of winning big also brings with potential for large losses. There are many great brokers out there, just check our broker reviews to learn more and find the perfect one for you.

      Good Luck!
    • By fxfarmerashik
      Forex trading can be a complex process, especially when you're trying to make every trade independently based on your own research and speculation.
      Copy-trading also known as mirror trading, automated trading, or the social trading - have become very popular in recent years as the number of applications and online platforms have made the kind of semi-automatic Forex trading is simple enough for most people to try.
      Basically, as the name implies, you use the tool to automatically copy trades of other traders in real-time. If you've been thinking about getting into Forex copy trading then this is the best four platforms to do it:
      1. eToro
      The eToro platform is by far the most frequently mentioned and widely reviewed. Most people consider it to be the best Forex trading platform.
      The applications and their website provide an abundance of user-friendly choice to follow and copy the trades of large investors and others in your network so that details all the features it would go beyond the scope of this ranking list. 
      2. Pepperstone
      Pepperstone usually a close second on most lists curated and this one will be for the same for site design and toolset commendable. If there is one competitor that can be compared with eToro in most cases, it will be Pepperstone. 
      Despite having a relatively narrow selection of genuine options trading platform offering competitive prices, reliable systems, and one of the largest networks of third-party platforms.
      3. Darwinex
      Darwinex which is not known specifically as a copy trading platform but as social trading features that allow you to copy trades very easily, so it is worth a mention.
      It is an interesting site to check out as it allows traders to buy and sell their strategies so that you can follow more than just trade itself. 
      Owl logo is a platform, which is interesting because, in a way, Darwinex can be used as an additional educational tool; owl might hint academic value platform.
      4. FXCM
      FXCM is another platform with a small selection of products that can be traded, but offering access to copy the trading tool that lets you follow high volume traders and professionals who use advanced algorithms and charting tools. This is another useful site to learn and pick up new techniques.
      Copy Trading Is the Easiest Way for Forex traders to swing the odds in favor they regardless of who you follow and how successful they've been so far, Forex is always a numbers game.
      However, a copy of the trade gives you a hack that lets you dramatically increase your chances as a Forex trader simply by choosing the right trader to emulate.
      While there is never a guarantee, and you should not overextend themselves financially on each individual trade, from time to time you can learn a lot just by following other traders, and that's where the real value copy trading lies .
    • By searchyip77
      I am not admin

      read to know more about btc-swifttrade

       
      INVESTMENT PLAN:

      130% After 12 Hours
      Min Deposit :$20.00
      Max Deposit :$100.00

      160% After 12 Hours
       
      Min Deposit :$100.00
      Max Deposit :$1000.00

      Ref: 5%

      Accept: BTC


       
    • By Sajid zaman
      As all those peoples who have trading experience should be fully aware about short term and long term trading. Everyone having different opinion about that so share you personnel opinion?
  • Topics

×
×
  • Create New...