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

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USD/CAD: technical analysis 13.02.2019

USDCADH413022019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD t is falling along the lower line of the Bollinger Bands. The price is approaching a strong support in the region of 1.1383 (Murray [0/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3122 level (Murray [-1/8]). If USD/CAD cannot consolidate below the level of 1.1383, the upward correction and retest of the level 1.3244 (Murray [1/8]) – 1.3277 (the middle line of Bollinger Bands) are possible. Additionally, pair’s sustained trading beyond the 1.3277 could set 1.3305 as buyers’ targets.
Technical indicators mostly maintain a sell signal.
Bollinger Bands are diverging, reflecting the active development of the current trend.
MACD volumes are decreasing in the positive zone. Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.1383, 1.3122, 1.3061.

Resistance levels: 1.3244, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3183 with the target at around 1.3122 and stop-loss 1.3200.

Long positions can be opened above the level of 1.3244 with the target at around 1.3277-1.3305 and stop-loss 1.3205.

 
 

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USD/CHF: technical analysis 13.02.2019

USDCHFH413022019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is correcting down from the 1.0090 level in direction of 1.0035 mark, 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 1.0009 (Murray [4/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 1.0070 (Murray [6/8]). The break of 1.0070 can accelerate the pair towards 1.0101 (Murray [7/8]), but the 1.0131 (Murray [8/8]) area and three-month old resistance-line could restrict further rise.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are directed up. Stochastics lines are pointed downwards.
MACD volumes are decreasing in positive zone.

Support and resistance

Support levels: 1.0040, 1.0009, 0.9979.

Resistance levels: 1.0070, 1.0101, 1.0131.

Trading recommendations

Short positions can be opened below the level of 1.0035 with the target at around 1.0009-0.9979 and stop-loss 1.0050.

Long positions can be opened above the level of 1.0070 with the target at around 1.0101-1.0131 and stop-loss 1.0050.

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USD/JPY: technical analysis 14.02.2019

USDJPYH414022019-1024x576.png

Current trend

On the 4-hour chart, USD/JPY is growing along the upper line of the Bollinger Bands. The price went up above the level of 110.93 (Murray [8/8]) and can grow further to the levels of 111.32 (Murray [+1/8]) and 111.71 (Murray [+2/8]). However, as the Stochastic is in the overbought area, the downward correction is not excluded. The breakdown and consolidation of the price below the level of 110.93 will let USD/JPY fall the level of 110.54 (Murray [7/8]), which coincided with the middle line of Bollinger Bands.
One may speak about downward movement continuation after the price consolidates below the support level of 110.54. In this case, the next targets of sellers will be the level of 110.15 (Murray [6/8]).
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards. Stochastic is in the overbought zone фnd is pointed upwards, which can be a signal for downward correction.

Support and resistance

Support levels: 110.93, 110.54, 110.15.
Resistance levels: 111.32, 111.71, 112.00

Trading recommendations

Long positions can be opened above the level of 111.32 with the target at around 111.71-112.00 and stop-loss 111.06.
Short positions can be opened below the level of 110.93 with the target at around 110.54, 110.15 and stop-loss 111.15.

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XAU/USD: technical analysis 14.02.2019

XAUUSDH414022019-1024x576.png

Current trend

On 4-hour chart, USDCHF bounced off the 1304.68 (Murray [2/8]) horizontal-support but is yet to cross the 1308.59 (Murray [3/8]) resistance level. If the “bulls” manage to raise the rate above the level of 1310.15 (the middle line of Bollinger Bands) , the correction can continue to the area of 1312.50 (Murray [4/8]), 1316.40 (Murray [5/8]). A significant decrease is possible after the breakdown of the level 1304.68 (Murray [2/8]), which can develop to the levels of 1300.78 (Murray [1/8]), 1296.87 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are slightly leaned downwards. MACD histogram is in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1304.68, 1300.78, 1296.87.
Resistance levels: 1308.59, 1312.50, 1316.40.

Trading recommendations

Long positions can be opened above the level of 1310.15 with the target at around 312.50-1316.40 and stop-loss 1309.30.
Short positions can be opened below the level of 1304.68 with the target at around 1300.78-1296.87. and stop-loss 1306.60.

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NZD/USD: technical analysis 14.02.2019

NZDUSDH414022019-1024x576.png

Current trend

On 4-hour chart, the instrument is moving towards 0.6835 (Murray [4/8]) mark,that holds the gate for its rise to 0.6866 (Murray [5/8]) and then to the 0.6897 (Murray [6/8]) resistance-line. If NZD/USD cannot consolidate above the level of 0.6835, the downward trend restoration and retest of the level 0.6805 (Murray [3/8]), 0.6774 (Murray [2/8]) are possible.
The downward trend will be restored after the price is set below the level of 0.6774, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.6744 (Murray [1/8]).

Technical picture is mixed. Bollinger Bands are pointed upwards. MACD is active growing in the positive zone, keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6805, 0.6774, 0.6744, 0.6713.
Resistance levels: 0.6835, 0.6866, 0.6897, 0.6927.

Trading recommendations

Long positions can be opened above the level of 0.6835 with the target at around 0.6866-0.6897 and stop-loss 0.6815.
Short positions can be opened below the level of 0.6805 with the target at around 0.6774-0.6744 and stop-loss 0.6825.

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USD/JPY: technical analysis 15.02.2019

 

Current trend

USD/JPY price is moderately falling and is approaching the support level of 110.15 (Murray [6/8]). Pair’s sustained trading below this level will let USD/JPY fall to the level of 109.76 (Murray [5/8]). There is a chance of an upward rebound from the 110.15-109.76 area, while its breakdown would allow the fall to continue to the area of 109.37 (Murray [4/8]) level.
Alternatively, breakout of 110.54 (Murray [3/8]) can accelerate the pair towards 110.93 (Murray [4/8]) – 111.32 (Murray [5/8]) resistance area.

Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. MACD volumes are decreasing in the positive zone. Stochastic is in the oversold zone and is pointed upwards, which can be a signal for upward correction. Bollinger Bands are directed down.

USDJPYH415022019-1024x576.png

Support and resistance

Support levels: 110.15, 109.76, 109.37, 108.98.
Resistance levels: 110.54, 110.93, 111.32, 111.71.

Trading recommendations

Short positions can be opened below the level of 110.15 with the target at around 109.76-109.37 and stop-loss 110.35.

Long positions can be opened above the level of 110.54 with the target at around 110.93-111.32 and stop-loss 110.37.

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AUD/USD: technical analysis 15.02.2019

 

Current trend

AUD/USD is trading in a bear trend. At the moment the price has met the strong support at the level of 0.7080 (Murray [0/8]). In case the pair manage to cross the 0.7080 mark will let AUD/USD fall to the level of 0.7049 (Murray [-1/8]). A significant decrease is possible after the price is set below the level of 0.7049. In this case, the next targets of sellers will be the level of 0.7019 (Murray [-2/8]). There is a high chance of an upward rebound here, while its breakdown would allow the fall to continue.
Alternatively, breakout of 0.7110 can accelerate the pair towards 0.7141 (Murray [2/8]) – 0.7171 (Murray [3/8]) resistance area.

Technical indicators mostly keep a sell signal. MACD volumes are slowly growing in negative zone. Stochastics’ lines are pointed downwards. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets.

AUDUSDH415022019-1024x576.png

Support and resistance

Support levels: 0.7080, 0.7049, 0.7019, 0.6990.
Resistance levels: 0.7110, 0.7141, 0.7171, 0.7202.

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7019 and stop-loss 0.8000.

Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7171 and stop-loss 0.6990.

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GBP/USD: technical analysis 15.02.2019

 

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands towards 1.2756 (Murray [1/8]), mark. One may speak about downward movement continuation after the price consolidates below the support level of 1.2756. In this case, the next targets of sellers will be the level of 1.2695 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.2817, the correction can continue to the area of 1.2854 (the middle line of Bollinger Bands) – 1.2878 (Murray [3/8]).

Technical indicators mostly reflect the maintenance of the downward potential. Bollinger Bands are directed down. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.Stochastic’s lines are pointed downwards.

GBPUSDH415022019-1024x576.png

Support and resistance

Support levels: 1.2756, 1.2695, 1.2634.
Resistance levels: 1.2817, 1.2878, 1.2939.

Trading recommendations

Short positions can be opened below the level of 1.2756 with the target at around 1.2695 and stop-loss 1.2775.

Long positions can be opened above the level of 1.2817 with the target at around 1.2878 and stop-loss 1.2800.

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USD/CAD: technical analysis 18.02.2019

 

Current trend

On 4-hour chart, USD/CAD is trading in a bear trend below the middle line of Bollinger Bands (1.3244). If the current trend maintains, the next targets of sellers in the short term will be the level of 1.3183 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 1.3183, which can develop to the levels of 1.3122 (Murray [-1/8]), 1.3061 (Murray [-2/8]).
If the “bulls” manage to raise the rate above the level of 1.3244, the raise can continue to the area of 1.3305 (Murray [1/8]), 1.3366 (Murray [2/8]).
Now the technical indicators reflect the low trading activity and moderate developing of the current downward trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic’s lines are pointed downwards.Bollinger Bands are pointed sideways.

USDCADH418022019-1024x576.png

Support and resistance

Support levels: 1.1383, 1.3122, 1.3061.

Resistance levels: 1.3244, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3183 with the target at around 1.3122 and stop-loss 1.3200.

Long positions can be opened above the level of 1.3244 with the target at around 1.3273-1.3305 and stop-loss 1.3205.

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USD/CHF: technical analysis 18.02.2019

 

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 1.0028, but the downward trend is still maintained, which is confirmed by technical indicators. Pullbacks below 1.0028 could lead to the 1.0009 and 0.9979 level. If the “bulls” manage to raise the rate above the level of 1.0040, the correction can continue to the area of 1.0061 (the middle line of Bollinger Bands).
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are directed down. MACD volumes are decreasing in positive zone.
Stochastic is in the oversold zone and is pointed upwards, reflecting the high possibility of the upward movement formation.

USDCHFH418022019-1024x576.png

Support and resistance

Support levels: 1.0009, 0.9979, 0.9948.

Resistance levels: 1.0040, 1.0070, 1.0101.

Trading recommendations

Short positions can be opened below the level of 1.0035 with the target at around 1.0009-0.9979 and stop-loss 1.0055.

Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0101 and stop-loss 1.0020.

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EUR/USD: technical analysis 18.02.2019

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of Bollinger Bands. The price is approaching a strong resistance in the region of 1.1352 (Murray [4/8]). One may speak about upward movement continuation after the price consolidates above the support level of 1.1352.
In this case, EUR/USD may aim for the 1.1383-1.1413 resistance-zone.
Meanwhile, the region of 1.1322-1.1352 can prevent the instrument form growing, as the possibility of the reverse of the price is high there.
In this case, the downward correction to the area of the level of 1.1291 (the middle line of Bollinger Bands) can develop. We should note that breaking 1.1291 and holding below it will push the price back to 1.1261 (Murray [1/8]) – 1.1230 (Murray [0/8]) support-zone. Bollinger Bands are pointed sideways. Stochastic is in the oversold zone and is pointed downwards.MACD volumes are decreasing in negative zone.

USDJPYH415022019-1024x576.png

Support and resistance

Support levels: 1.1291, 1.1261, 1.1230.

Resistance levels: 1.1322, 1.1352, 1.1383.

Trading recommendations

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.

Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1230 and stop-loss 1.1310.

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GBP/USD: technical analysis 19.02.2019

GBPUSDH419022019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands, which coincited with the level of 1.2939 (Murray [4/8]). The first target of the correction is the level of 1.2864, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound from the level of 1.2864, while its breakdown would allow the fall to continue to the area of 1.2817 (Murray [0/8]). -1.2786 (Murray [-1/8]).
The breakout 1.2939 and holding above it will push the price up to 1.2970 (Murray [5/8]). – 1.3000 (Murray [6/8]).
The technical picture is mixed. Bollinger Bands are slightly leaned upwards, reflecting the moderate developing of the upward movement.MACD histogram is in the pozitive zone.
Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.2878, 1.2847, 1.2817, 1.2786.
Resistance levels: 1.2908, 1.2939, 1,2970, 1.3000.

Trading recommendations

Short positions can be opened below the level of 1.2878 with the target at around 1.2817 and stop-loss 1.2900.
Long positions can be opened above the level of 1.2939 with the target at around 1.2970-1.3000 and stop-loss 1.2920.

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XAU/USD: technical analysis 19.02.2019

XAUUSDH419022019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD price has met the significant resistance around of the level 1328.12 .(Murray [8/8]). It was corrected to the area of the middle line of Bollinger Bands at the level of 1324.21 (Murray [7/8]) .
The pair’s sustained trading below the level of 1324.21 (Murray [7/8]) could be a confirmation signal for downward correction forming. Alternatively, the breakout of 1328.12 can accelerate XAU/USD towards 1332.03 (Murray [+1/8]) – 1335.93 (Murray [+2/8]) resistance area, but ten-month old resistance-lines, could restrict further rise.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed sideways. MACD histogram is in the pozitive zone keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards, reflecting the high possibility of the downward movement
formation.

Support and resistance

Support levels: 1324.21, 1320.31, 1316.40.
Resistance levels: 1328.12, 1332.03, 1335.93.

Trading recommendations

Short positions can be opened below the level of 1324.40 with the target at around 1320.31-1316.40 and stop-loss 1326.50.
Long positions can be opened above the level of 1328.12 with the target at around 1332.03-1335.93and stop-loss 1326.00.

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NZD/USD: technical analysis 19.02.2019

NZDUSDH419022019-1024x576.png

Current trend

On 4-hour chart, the price has tested the support level of 0.6835 (Murray [0/8]) and was slightly corrected upwards, but the downward trend maintains. In case the pair manage to cross 0.6835 mark,the next targets of sellers will be the levels of 0.6805 (Murray [3/8]) and the 0.6774 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.6866 (Murray [5/8]), the growth can continue to the area of 0.6897 (Murray [6/8]), 0.6927 (Murray [7/8]).
The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the markets. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6850.
Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.

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AUD/USD: technical analysis 20.02.2019

AUDUSDH420022019-1024x576.png

Current trend

On 4-hour chart, AUD/USD is correcting down from the upper line of the Bollinger Bands, whicn coincided with the level of 0.7171 (Murray [3/8]). The main target of the correction is the level of 0.7131 , 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 levels of 0.7110 (Murray [1/8])-0.7080 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 0.7171, the growth can continue to the area of 0.7202 (Murray [4/8]). Assuming the pair’s ability to cross 0.7202, the 0.7232 (Murray [5/8]) can be targeted if holding long positions.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are ponted upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards, which can be a signal for downward correction.

Support and resistance

Support levels: 0.7141, 0.7110, 0.7080, 0.7049.
Resistance levels: 0.7171, 0.7202, 0.7232, 0.7263.

Trading recommendations

Short positions can be opened below the level of 0.7141 with the target at around 0.7110-0-7080 and stop-loss 0.7161.
Long positions can be opened above the level of 0.7171 with the target at around 0.7202-0.7232 and stop-loss 0.7151.

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EUR/USD: technical analysis 20.02.2019

EURUSDH420022019-1024x576.png

Current trend

On 4-hour chart, EUR/USD is correcting down from the upper line of the Bollinger Bands, whicn coincided with the level of 1.1352 (Murray [4/8]). The first target of the correction is the level of 1.1306 , 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 levels 1.1261 (Murray [1/8]) – 1.1230 (Murray [0/8]) support-zone. One may speak about upward movement continuation after the price consolidates above the support level of 1.1352. In this case, EUR/USD may aim for the 1.1383-1.1413 resistance-zone.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands diverge indicating the preservation of the general upward trend. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone, which can be a signal for downward correction.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261, 1.1230.
Resistance levels: 1.1352, 1.1383, 1.1413, 1.1444.

Trading recommendations

Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1330.
Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1230 and stop-loss 1.1310.

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USD/JPY: technical analysis 20.02.2019

USDJPYH420022019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is correcting down the strong resistance level of 1.1352 (Murray [8/8]). The breakout of this level will let the price to grow to the area of 111.13 (Murray [+1/8])-111.32 (Murray [+2/8]). Failure to conquer the 110.93 mark seems fetching the USD/JPY to 110.54 (Murray [7/8]) level, but its further downside might be confined by the 110.35 (Murray [5/8])-110.15 (Murray [4/8]) support-zone.
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current upward trend. However, as the price has broken the upper border of Bollinger Bands, the downward correction is not excluded. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 110.74, 110.54, 110.35, 110.15.
Resistance levels: 110.93, 111.13, 111.32, 111.50.

Trading recommendations

Short positions can be opened below the level of 110.74 with the target at around 110.54-110.15 and stop-loss 110.90.
Long positions can be opened above the level of 110.93 with the target at around 111.32-111.50 and stop-loss 110.73.//////////////////

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USD/JPY: technical analysis 21.02.2019

USDJPYH421022019-1024x576.png

Current trend

On 4-hour chart, USD/JPY shows a sideway dynamic with the borders 110.58-110.94. If the price is set above the level of 110.93 (Murray [8/8]), the upward trend can restore, and the instrument can retest the resistance level of 111.13 (Murray [+1/8])- 111.32 (Murray [+2/8]). The breakdown and consolidation of the price below the level of 110.54 (Murray [6/8]) will let USD/JPY reach the area of 110.35 (Murray [4/8])-110.15 (Murray [4/8]) levels. The support-line at 110.15, seem strong support as break of which can diver price to 109.96 (Murray [3/8]) and the 109.76 (Murray [2/8]) support-zone.
Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands and Stochastics lines are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line.

Support and resistance

Support levels: 110.54, 110.35, 110.15, 109.96.
Resistance levels: 110.93, 111.13, 111.32, 111.50.

Trading recommendations

Short positions can be opened below the level of 110.54 with the target at around 110.35-109.96 and stop-loss 110.70.
Long positions can be opened above the level of 110.93 with the target at around 111.32-111.50 and stop-loss 110.73.

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GBP/USD: technical analysis 21.02.2019

GBPUSDH421022019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands, which coincited with the level of 1.3108. The first target of the correction is the level of 1.2984, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound from the level of 1.2984, while its breakdown would allow the fall to continue to the area of 1.2939 (Murray [4/8])-1.2908 (Murray [3/8]). The upward movement will be restored after the price is set above the level of 1.3061 (Murray [8/8]), that impedes growth to 1.3092 (Murray [+1/8]) – 1.3122 (Murray [+2/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bands are leaned upwards, reflecting the moderate developing of the upward movement.MACD histogram is in the pozitive zone. Stochastic’s lines are pointed downwards, reflecting the high possibility of the downward correction formation.

Support and resistance

Support levels: 1.3031, 1.3000, 1.2970,1.2939.
Resistance levels: 1.3061, 1.3092, 1.3122, 1.3150.

Trading recommendations

Short positions can be opened below the level of 1.3031 with the target at around 1.3000-1.2970 and stop-loss 1.3050.
Long positions can be opened above the level of 1.3061 with the target at around 1.3092-1.3122 and stop-loss 1.3040.

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AUD/USD: technical analysis 21.02.2019

AUDUSDH421022019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a negative dynamic. The price went down below the level of 0.7110 (Murray [2/8]) and can fall further to the levels of 0.7080 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 0.7080, which can develop to the levels of 0.7064 (Murray [-1/8]), 0.7049 (Murray [-2/8]). However, overbought Stochastic could challenge the pair’s downside.
Technical indicators maintain a sell signal. MACD volumes are decreasing in positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Bollinger Bands are leaned downwards.

Support and resistance

Support levels: 0.7095, 0.7080, 0.7064, 0.7049.
Resistance levels: 0.7110, 0.7125, 0.7141, 0.7156.

Trading recommendations

Short positions can be opened below the level of 0.7095 with the target at around 0.7064-0.7049 and stop-loss 0.7015.
Long positions can be opened after the price rebound from the level of 0.7080 with targets at 0.7110-0.7141 and stop-loss at 0.7060.

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    • 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
    • By fxfarmerashik
      The advent of international trade has brought many benefits, one of which is to consolidate the foundations of globalization.
      While other factors such as global peace and stability played a crucial role in the foundation of globalization and the laws that governed it, international trade was essential to accelerate the process.
      In doing so, countries have been able to export crucial resources to other countries in the world and to import indispensable resources.
      In addition, the changes during the period have also led these countries to put in place a monetary system. Initially, these currencies were attached to a specific commodity - gold at the time - and then to the US dollar.
      However, as history will have it, most countries have finally chosen not to join and have finally adopted a floating monetary regime, one in which a country's currency is allowed to fluctuate according to the forces of the country demand and supply on the market and not controlled by a government or indexed to a specific dominant currency (as was the case under the aforementioned regime).
      As more and more countries have started to participate in international trade, the above-mentioned monetary regime has been widely adopted by these countries.
      All of this progress was made at a time when the economy and finance were on a growth trajectory as more and more research was conducted on the pricing and hedging mechanisms for different financial products.
      Research on stochastic methods, bivariate analysis, and other complex financial models has dominated this space, leading to new methods of forecasting the movements and future prices of currencies and other financial products such as currency derivatives.
      The result of the currency trading instruction meant that currencies were at the top of this new paradigm of finance and that currency trading was resulting.
      As with any new financial product, developments in the financial markets have led to the rapid adoption of different currency pricing mechanisms. This led to a change in the hedging structures of these financial products, which led to the start of currency transactions.
      These exchanges were based on movements in the financial markets, in particular, foreign exchange markets, which in turn were driven both by foreign exchange - the import and export of a country's products - as well as by foreign investment.
      in a country. with stronger policies encouraging investments as well as those with higher mechanization - used to ensure greater value added to their natural resources - had much stronger currencies than their counterparts).
      Over time, new research has been undertaken in this area, which has resulted in technical and fundamental currency analysis. These methods have revolutionized the way different currency traders perceive trading, as well as the strategies and analyzes associated with them. In this article, we examine some of the currency trading strategies and briefly evaluate some of the tools needed to trade hard currencies.
      Forex Trading Strategies: An Introduction
      The way to understanding currency trading developments in the money markets, accurately anticipating anticipated developments and exploiting one's comprehension of future developments, making an arrival/cash all the while.
      When trading monetary standards (otherwise called Forex trading), there are various elements which figure out which strategy one ought to pursue. Key among this is to comprehend the term of your speculation: short, medium or long.
      While a few financial specialists hope to transient exchanges, for example, minutes or even hours, a few techniques work better with medium-or longer-term speculators who hold positions for quite a long time, weeks or now and again, months.
      An examination of economic situations additionally assumes an urgent job in Forex trading. Besides, while it is apparently rewarding to use more or incorporate higher capital in one's exchange in order to help the profits, given the unstable idea of the Forex advertise, unforeseen swings may have critical results on one's portfolio and crash one's speculation.
      In that capacity, a comprehension of hazard the executives are exhorted for financial specialists in this market.
      It is additionally imperative to bring up that there are various variables which decide how well your forex exchanges will play out, some of which are explicit to various people. While there are various techniques which have been back tried and explored by particular cash traders, individual inclinations and dispositions additionally influence the trading process.
      As an outcome, while the strategies checked on in this piece have worked for previous traders, one should test them for their particular exchanges in order to guarantee that they work for them.
      Sorts of Trading Strategies
      There are various Forex trading techniques which have been embraced by the monetary markets, some which are explicit to specific exchanges which have been made previously. In any case, in this segment, we audit principally systems which have been embraced, looked into and back tried by forex traders.
      Day Trading
      Day exchanges include one holding their portfolio for no longer than one day. Such exchanges exploit intraday unpredictability hence speculators investigate transient exchanges as a method for boosting their portfolio development.
      Similarly, as with the name, such exchanges are not intended to be held for longer than a multi-day and this empowers the speculator to maintain a strategic distance from the hazard related with enormous Forex developments which may happen medium-term.
      Such financial specialists will in this way almost certainly be engaged with five-moment to hourly exchanges dependent on their investigation of specialized devices instead of on macroeconomic and principal examination.
      The outcome, nonetheless, is that such exchanges are inclined to noteworthy changes, some which can crash one's whole position. They in this way expect one to have a reasonable comprehension of specialized investigation, particularly on the planning of passage and exit of an exchange.
      Scalping
      Likewise, with any cash, there are both offered and offer costs. The distinction between these two costs is known as the offer/offer spread. Scalping is a transient trading strategy which includes a trader attempting to beat the offer/offer spread and make some benefit out of skimming a couple of focuses before shutting the exchanges.
      By and large, hawkers have an enthusiasm for downturns in the market and how they can exploit them and this is for the most part surveyed through the request stream device.
      While this is the situation, the combination of automation with cash trading has come to reform this fragment because of the lot quicker adjustment to changes like (FIX API). As calculations audit this spread and make brisk exchanges, they incapacitate people from making 'exchange openings' or skim away focuses as with scalping.
      Scalping, in this manner, expects one to be reliably evaluating their exchanges (for a considerable length of time here and there) and making quick exchanges the procedure.
      At last, it likewise necessitates that people contribute high measures of capital as the exchange expenses related to these exchanges may crash any benefit which might be produced using little size exchanges.
      Position Trading
      In contrast to the past two, this is an all the more long haul trading strategy (hold one's situation for a considerable length of time or even months) which involves a trader attempting to make a benefit from huge changes in the market. Given the idea of such huge cash developments, the majority of these developments are driven by basics and changes in macroeconomic factors.
      For such exchanges, one initially has a perspective on the macroeconomic conditions influencing a particular exchange, for example, understanding the explanations behind the GBP being relied upon to pick up against the USD over a particular period, state financing cost climbs in Britain.
      One that is clear, the trader will at that point examine specialized apparatuses in order to comprehend when is the best time to get into an exchange just as leave the exchange. This procedure is known as shaping a position, subsequently its name.
      This sort of trading has much lower hazard when contrasted with different types of trading given that the trader isn't influenced by intraday instability.
      In any case, while it will, in general, be more beneficial than other trading techniques, this strategy likewise expects one to infuse a great deal of capital and have a reasonable comprehension of central investigation.
      Swing Trading
      Now and then the Forex market encounters noteworthy single developments. In fact, some of them are known as moving normal ricochets or exchange pullbacks and breakouts, all which see the market move one way or radically influence from a leaning back position to a benefit position. Every one of this is incorporated into a class known as a swing.
      Swing trading enables a trader to exchange on such enormous single developments. This strategy is a short-to the medium-term strategy which sees the financial specialist clutch exchanges for a considerable length of time or weeks and which sees them evaluating value examples and attempting to benefit from them.
      Dissimilar to position exchanges, there are more open doors for one to benefit from swing exchanges consequently financial specialists who have a reasonable comprehension of specialized investigation instruments can profit significantly from this.
      Moving Average Trading
      Moving midpoints structure a huge part of specialized examination instruments. The moving normal is a measurable investigation toolbox which examinations the normal incentive over a progression of information: for a pool of week by week information of around one year, the moving normal will be utilized to break down the proceeded with a normal incentive in the course of the last say a month.
      This technique at that point keeps on finding the normal over a four-week time frame recursively over the whole year. The moving normal is a slacked normal and is helpful in clarifying the distinction in execution between the short and long haul.
      On account of a rising moving normal, the present moment generally will, in general, be beating the long haul and the other way around remains constant for the declining moving normally.
      Associated with candlesticks, the above is an important bargaining toolbox. In this case, one can configure their technical tool to buy when the candlestick is above the moving average and sell when the candlestick is below the moving average.
      The rationale is supported by the fact that, for the average of the former, there is an upward dynamic that should push the currency higher than its average value in the short run and a buy recommendation is therefore given.
      On the contrary, for the latter, there is a downward pressure which should lead to an underperformance of the security relative to the moving average in the short term, thus requiring a sale of securities.
      50 pips Trading Pullback
      The above is a bargaining option for scalpers that take advantage of morning movements. It works best with the most liquid currency pairs such as EUR / USD or GBP / USD. The trader fixes a 50-pips perspective on the currency's position, both in recovery and in retreat.
      The trader opens two opposing positions, which means he is looking to take advantage of a reversal of the aforementioned positions. At the opening of one of the above positions, the other transaction is immediately closed.
      As with other short-term strategies, the above is a risky strategy and requires the inclusion of stop loss so that the trader does not incur significant losses. However, these movements tend to make traders realize minimal profits early in the morning before other moves during the day.
      Conclusion
      Although there are many methods of trading; However, the six strategies above have been tested in the past and have been found to be effective for traders. These, however, do not include all strategies as more and more investors develop their own strategies that worked for them.
      In addition, technical analysis tools such as Bollinger Bands, Candlesticks, Mobile Mean Convergence divergence (MACD), Alligator and Fibonacci tools also play a vital role in ensuring that investors are actually analyzing their transactions.
      In conclusion, even if there are different strategies, they should be evaluated and the most appropriate for each individual. Each of the above strategies is categorized based on the capital investment required to complete a transaction, in the short or long term, and thereafter.
      While some investors prefer risky investments, others will need certainty to invest, making them less likely to take risks. Thus, different options will work better for different people depending on these different factors.
      Overall, Forex trading is an important financial product that offers investors a great way to create wealth in both short- and long-term trading options. Investors will benefit greatly from considering this wealth creation option.
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