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 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.

 
 

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.//////////////////

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

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 likerebateforex
      IC Markets Direct Discount (Lower Commission & Lower Spread)
      Free! No additional conditions and fees
      Direct commission reduction
      Direct spread reduction
      Open an IC Markets account : Click
      See more details : https://likerebateforex.com/ic-markets-special-discount

      Direct commission reduction for "Raw Spread" account.

      Raw Spread (Metatrader)
      Original commission : $7 per lot
      Discount commission : $5.5 per lot

      Raw Spread (cTrader)
      Original commission : $6 per lot
      Discount commission : $5.5 per lot


      Direct spread reduction for "Standard" account.

      Standard
      Original spread : start from 1.0 pips
      Discount spread: start from 0.7 pips

    • By searchyip77
      I Am NOT ADMIN/OWNER OF THE PROGRAM
      PLEASE READ MORE TO KNOW ABOUT BITINIK
      Online Date: 2020/1/26

      INVESTMENT PLAN: Short Term 110% Daily, 180% After 2 Days,5% daily 365 Days,225% After 3 Days,550% After 7 Days

      Min Spend: 5$

      Refferal commission: 1-4.2%%

      WITHDRAWAL TYPE INSTANT!

      LICENSED PROGRAM
      DDOS PROTECTION BY DDOS GUARD

      SSL SECURED

      Accept Payment: Perfectmoney, Payeer, Nitronpay

      Nitronpay link: https://nitronpay.com/

      JOIN TELEGRAM: https://t.me/SearchyipFamily

      OUR INVEST: 200$ from nitronpay

      About Project: 
      That's why, a successful holding company has the ability to make key decisions in another business, engage in recruitment and cleaning of staff, up to the managerial level, gets the necessary control over the activities of its subsidiaries. In addition to minority interests in companies, holdings can own patents, real estate, hedge funds and more. The direct task of the holding company is to control its investments in the autonomous operation of assets. The effectiveness of Bitinik is a merit and a direct consequence of the coordinated work of a team of qualified professionals selected through a complex competition. Our purpose is to scale the business by increasing the number of subsidiaries and "grandchild" controlled companies in various markets.
       




       
    • By fxfarmerashik
      Dip your toe in the water Forex trading has never been easier. Now there are more and more top Forex brokers offering great deals, a strong educational infrastructure, and to attract business.
      This is great for you as a potential Forex trader, as long as you know some important things about Forex trading.
      One of the important points that you will face soon and that can be a cause of confusion for many people is the spread in Forex.
      In simple terms, this is the difference between the price at which you can buy a currency and the price at which you can sell it. This price difference allows the broker or other market makers to make a marginal profit on your trade.
      Do Forex Brokers Profit from Spread?
      The simple answer here is YES. To understand how this happens, we have to analyze the Forex trading market a little deeper:
      When placing a trade the currency you will see the presence of the two prices.
      This is the bid price and the asking price, or in simple terms, the price you have to pay to buy the currency, and the amount you will get to sell the currency. You will see little difference in this price.
      The price difference is not in many cases show a profit for your broker if they are market makers, although this is not always the case when you consider the following.
      Spread is usually very small, and it helps protect the market maker who facilitates trading, against any major change in the market between the order and the execution of your trades.
      Because almost all the top Forex brokers offer some form of free trade and free trade commission fees, deployment acts as a regional advantage only marginal for some.
      Spreading general type Maybe You See When Trading
      When you are trading Forex broker with one of the above, you may find two specific types of spreads most often.
      It is the deployment of fixed and variable spreads. Here is a brief overview of both, along with some pros and cons that some traders feel about each.
      Spreading fixed
      As suggested by the name, this type of spread offered by the broker and then remains constant for a specified period, usually in the long term. It certainly will not be changed during your trading day.
      Fixed spreads are usually offered on the most popular, the markets major currencies such as EUR / USD, USD / JPY, and many more are seen as a very stable market with only minor fluctuations and stable, consistent trading volume.
      Pro Fixed Spread
      Even in volatile markets, the spread will remain fixed. You can accurately predict and prepare for the fixed costs of trade.
      There is usually a lower capital requirement when dealing with fixed deployment. This makes it ideal for new traders.
      Fixed Spread Cons
      Although the cost of the spread will remain predictable and fixed, you may be exposed to skid. This is the price difference between when you order and when it is executed.
      Fixed spreads are usually higher than variable spread round to help provide protection against market changes.
      Variable deployment
      A variable spread again as the name suggests, is a reversal of the spread remains in the sense that it is changing and can move smoothly throughout the trading session depends on the volume and market volatility.
      The majority of the top Forex brokers will offer a variable spread mainly on market risk or less popular to see much change in the price. This includes minor currency pairs Forex, Forex trading, and commodities.
      Pro Distribution of variables
      With a variable spread, you are likely to experience slippage on your trades.
      The variable spreads can be a good guide to the current market liquidity and sentiment.
      More often than not, a variable spread is lower than a fixed spread and thus can provide a better deal.
      Variable Spreading Cons
      A little more unpredictable if you try to plan the right trading costs.
      It can change a lot in a short time depending on the market and your broker.
      Knowing and Understanding How to Manage the Spread
      This advice is especially true if you use a variable spread of your broker. There are several ways in which you can try to minimize the spread of your own for Forex trading.
      The first is to try and choose a broker that offers the best value in a spread based on what you know to be your own trading style and needs.
      If you are not sure about this then the right place to start is the Forex demo account. It is offered by the majority of brokers and equipped with a realistic simulation trading environment without risk.
      Since the market, and therefore the deployment, can change a lot based on the news, it is a very good idea to look at the economic calendar provided by your broker.
      It will let you know where the major economic event that came. From there, you can work to decide how you think the spread may be affected.
      Finally, one of the biggest key when it comes to deployment is volume. With that in mind then, chances are you'll find a lower deployment during the main trading session hours worldwide.
      This means that New York, London, Sydney, Tokyo. Outside these hours, you may see an increase in your spread.
      Which Forex Spread Type Should You Choose?
      It really depends on your trading style, though usually, if you are new to trading, a spread is recommended because it can give you an accurate closer to the cost of trade and capital requirements typically decreases.
      For an experienced trader, or certainly, if you are trading on margin, you might want to consider a variable spread to their better value for money, especially at high volume.
      Hope you find it useful. Thank You!
      Also, read : Now Trade Like A Pro Using FIX API Trading.
    • By likerebateforex
      Likerebateforex : Free Forex Rebate 90% of our commissions
      Free! No additional conditions and fees
      Highest forex rebate rate 90% of our commissions
      Auto-rebate (hourly, daily, weekly)
      Direct to your trading account

      See more details : https://likerebateforex.com
       

    • By fxfarmerashik
      Forex trading is a learning experience. How do you tell a lot about the psychology of your trading?
      Do you trade emotionally, if you over trade when you see a favorable offer, or if you strategize a lot before the trade?
      But most importantly, how you train and monitor these things?
      That is why it is very important to make psychologically trade journals. This is the go-to weapon for the trading situation is important because it will contain your behavioral tendencies. It makes you realize the pattern of trade that you do not have to follow.
      Do not know where you'll be one of those things. But that's when your psychological trading journal will be useful. When you know your trading patterns, it helps you to stay away from people who may incur losses. So, here are some tips to maximize your trading journal:
      1) BALANCING POSITIVE AND NEGATIVE
      It is easy to write about your mistakes so you do not make them anymore. But you also have to write about the positives. For example, if strategy A and B fails, you can write in your journal. In addition, you also have to write about strategies C and D work.
      Many Forex trading site describes the different errors that traders usually do. Forex Academy is one website that not only shows the error but also tells a different way you can fix it.
      So, your journal should have two parts. The one with the negatives, which contain trading mistakes you should avoid, and secondly, the positive that talks about some of your successful trading strategies. This will help you to work on the negative and turn it into a positive future.
      2) ALWAYS HAVE THE PURPOSE OF TRADING
      Just follow your friends or fellow traders are now the way forward in Forex trading. You should always have a goal-oriented approach.
      For example, if you make a few mistakes on the first trading day, you should aim not to repeat them the next day or next week. Similarly, if you have a satisfactory ROI on your first trade, you should look to follow that strategy and get more in the second attempt.
      However, make sure that you assess the condition of the market while trading. If you are successful the first day, it does not mean the market will remain like that forever. So, keep an eye on the constantly changing market conditions.
      3) ALWAYS HAVE AN OPEN MIND
      As already mentioned, there is so much to learn from a professional Forex trading even would say that they do not have full knowledge of the market. Keeping an open mind is the best way to maximize your trading journal. Learning does not have to be limited to correcting your mistakes.
      There are many new techniques you'll find you start to trade. Do not avoid off this strategy because you trade successfully without assistance.
      Forex trading can be tough at first, but if you have a journal, hard days will be the pillars of success you soon.
      Also read: The Best Automated Trading Software of 2020
  • Topics

×
×
  • Create New...