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

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USD/CHF: technical analysis 15.03.2019

USDCHFH415032019-1024x576.png

Current trend

On 4-hour chart, USD/CHF shows a negative dynamic and can fall further to the strong support level of 1.0009 (Murray [0/8]). A significant decrease is possible after the breakout of the level 1.0009, which can develop to the levels of 0.9979 (Murray [-1/8]), 0.9948 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.0040 (Murray [1/8]), the correction can continue to the area of 1.0070 (Murray [2/8]) – 1.0083,which coincide with the middle line of Bollinger Bands.
Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone, keeping a signal for the opening of sell positions. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.0009, 0.9979, 0.9948, 0.9918.
Resistance levels: 1.0040, 1.0070, 1.0101, 1.0131.

Trading recommendations

Short positions can be opened below the level of 1.0009 with the target at around 0.9979-0.9948 and stop-loss 1.0300.
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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USD/CAD: technical analysis 15.03.2019

USDCADH415032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD trading with slight bearish bias and approached the key support 1.3305 (Murray [0/8]. A significant decrease is possible after the breakdown of the level 1.3305. In this case, the next targets of sellers will be the area of 1.3290 (Murray [-1/8]) – 1.3275 (Murray [-2/8]). Alternatively, breakout of 1.3343 can accelerate the pair towards 1.3366 (Murray [6/8])-1.3397 (Murray [7/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.3305, 1.3275, 1.3244, 1.3214.
Resistance levels: 1.3343, 1.3366, 1.3397, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3244 and stop-loss 1.3320.
Long positions can be opened above the level of 1.3343 with the target at around 1.3366-1.3397 and stop-loss 1.3325.

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EUR/USD: technical analysis 15.03.2019

EURUSDH415032019-1024x576.png

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of the Bollinger Bands and can grow further to the levels of 1.1322 (Murray [3/8]) and 1.1352 (Murray [4/8]). If the instrument cannot consolidate above the level of 1.1322, the correction to the area of the level of 1.1291 (the middle line of Bollinger Bands) can develop. Should prices continue slipping under 1.1291, the 1.1230 (Murray [0/8]) and the 1.1200 (Murray [-1/8]) might try activating a upward rebound. Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic are pointed upwards. MACD is slowly growing in the positive zone.

Support and resistance

Support levels: 1.1291, 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1322, 1.1352, 1.1383, 1.1413.

Trading recommendations

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.
Long positions can be opened above the level of 1.1322 with the target at around 1.1352-1.1383 and stop-loss 1.1300.

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EUR/USD: technical analysis 18.03.2019

EURUSDH418032019-1024x576.png

Current trend

On 4-hour chart, EUR/USD is trading above the middle line of the Bollinger Bands and can grow further to the levels of 1.1352 (Murray [4/8]) and 1.1383 (Murray [5/8]). The area of 1.1352-1.1383 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1.1383 mark, the levels of 1.1413 (Murray [6/8]) and the 1.1444 (Murray [7/8]) can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 1.1314, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1291 (Murray [2/8])-1.1230 (Murray [0/8]).
Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic are pointed upwards. MACD is growing in the positive zone.

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 1.1314 with the target at around 1.1291-1.1261 and stop-loss 1.1330.

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NZD/USD: technical analysis 18.03.2019

NZDUSDH418032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD shows a positive dynamic. At the moment the price has met the resistance at the level of 0.6866 (Murray [+1/8]), that holds the gate for its rise to 0.6897 (Murray [+2/8]). Additionally, pair’s sustained trading beyond the 0.6897 could set 0.6927-0.6958 as next buyers target. If NZD/USD cannot consolidate above the level of 0.6866, the downward trend restoration and retest of the level 0.6835 (Murray [8/8]), 0.6805 (Murray [7/8]) are possible. Technical indicators mostly keep a buy signal. MACD volumes are increasing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are diverging, reflecting the active development of the current trend.

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 0.6846.
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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XAU/USD: technical analysis 18.03.2019

XAUUSDH418032019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting down after the raise to the level of 1306.33. The price is approaching a strong support in the region of 1296.88 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1292.97 (Murray [3/8]). The breaking 1292.97 and holding below it will push the price back to 1289.06 (Murray [2/8]) – 1285.16 (Murray [1/8]) area. If the “bulls” manage to raise the rate above the level of 1302.10 (middle line of Bollinger Bands), the correction can continue to the area of 1304.69 (Murray [6/8]), 1308.59 (Murray [7/8]).
Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are slightly leaned downwards. MACD histogram is ready to enter the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 1296.88, 1292.87, 1289.06.
Resistance levels: 1300.77, 1304.69, 1308.59.

Trading recommendations

Short positions can be opened below the level of 1296.88 with the target at around 1292.87-1289.06 and stop-loss 1299.00.
Long positions can be opened above the level of 1302.10 with the target at around 1304.69-1308.59 and stop-loss 1300.00.

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USD/JPY: technical analysis 19.03.2019

USDJPYH419032019-1024x576.png

Current trend

On 4-hour chart, USD/JPY shows a negative dynamic. The price has tested the support level of 111.13 and was slightly corrected upwards, but the downward trend still maintains. In case the pair manage to cross the 111.13 the next targets of sellers will be the level of 110.93 (Murray [0/8]), which seems a key level for the sellers. The breaking 110.93 and holding below it will push the price back to 110.74 (Murray [-1/8])-110.54 (Murray [-2/8]). The upward trend will be restored after the price is set above the level of 111.52, which is the middle line of Bollinger Bands. In this case the raise can continue to the area of 111.71 (Murray [4/8])-111.91 (Murray [5/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. MACD histogram is in the negative zone and form a sell signal. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 111.13, 110.93, 110.74, 110.54.
Resistance levels: 111.32, 111.52, 111.71, 111.91.

Trading recommendations

Short positions can be opened below the level of 111.13 with the target at around 110.74-110.54 and stop-loss 111.30.
Long positions can be opened above the level of 111.32 with the target at around 111.71-111.91 and stop-loss 111.10.

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AUD/USD: technical analysis 19.03.2019

AUDUSDH419032019-1024x576.png

Current trend

On 4-hour chart, AUD/USD is trading above the middle line of Bollinger Bands (0.7082). At the moment the price has met the significant resistance around the level of 0.7110 (Murray [6/8]). The breakout of this level will let the price to grow to the area of levels 0.7125 (Murray [7/8])-0.7141 (Murray [8/8]). Failure to conquer the 0.7110 mark seems fetching the AUDUSD to 0.7080 (Murray [4/8]) support. The breaking 0.7080 and holding below it will push the price back to 0.7064 (Murray [3/8])-0.7049 (Murray [2/8]) area. Technical indicators reflect the moderate maintenance of the current upward movement. Bollinger Bands and Stochastic are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions.

Support and resistance

Support levels: 0.7080, 0.7064, 0.7049, 0.7034.
Resistance levels: 0.7110, 0.7125, 0.7141, 0.7156.

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7034 and stop-loss 0.7098.
Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7095.

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GBP/USD: technical analysis 19.03.2019

GBPUSDH419032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is went up above the level of the middle line of Bollinger Bands (1.3255), and can grow further to the levels of 1.3305 (Murray [6/8]). Assuming the pair’s ability to cross 1.3305 mark, the level of 1.3366 (Murray [7/8]) can be targeted if holding long positions. Pullbacks below 1.3255 could lead to the 1.3183 (Murray [4/8]) support level. A significant decrease is possible after the breakdow of the level 1.3183, which can develop to the level of 1.3122 (Murray [3/8]) (Murray [3/8]).
Technical picture is mixed. Bollinger Bands are slightly leaned downwards. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122, 1.3061.
Resistance levels: 1.3305, 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3260.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.2805.

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USD/CAD: technical analysis 20.03.2019

USDCADH420032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is trading above the level of middle line of Bollinger Bands. At the moment the price has met the resistance at the level of 1.3336 (Murray [5/8]) that impedes growth to 1.3366 (Murray [6/8]). There is a chance of a downward rebound from the level of 1.3366, while its breakout would allow the growth to continue to the area of 1.3397 (Murray [7/8]). Pullback below 1.3305 (Murray [4/8]) could lead to the 1.3275 (Murray [3/8]) and 1.3244 (Murray [2/8]) level.
Technical indicators mostly keep a buy signal. Bollinger Bands are leaned sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.3305, 1.3275, 1.3244, 1.3214.
Resistance levels: 1.3336, 1.3366, 1.3397, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3244 and stop-loss 1.3320.
Long positions can be opened above the level of 1.3336 with the target at around 1.3366-1.3397 and stop-loss 1.3320.

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USD/CHF: technical analysis 20.03.2019

USDCHFH420032019-1024x576.png

Current trend

On 4-hour chart, USD/CHF shows a negative dynamic. The price went down below the level of 1.0009 (Murray [0/8]) and can fall further to the levels of 0.9994 (Murray [-1/8]) and 0.9979 (Murray [-2/8]), which might try activate a upward rebound. If the “bulls” manage to raise the rate above the level of 1.0009, the correction can continue to the area of 1.0025 (Murray [1/8]), 1.0040 (Murray [2/8]). Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone, keeping a signal for the opening of sell positions. Stochastic is pointed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.9994, 0.9979, 0.9954, 0.9929.
Resistance levels: 1.0009, 1.0025, 1.0040, 1.0055.

Trading recommendations

Short positions can be opened below the level of 0.9994 with the target at around 0.9979-0.9954 and stop-loss 1.0005.
Long positions can be opened above the level of 1.0009 with the target at around 1.0040-1.0055 and stop-loss 0.9995.

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EUR/USD: technical analysis 20.03.2019

EURUSDH420032019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bearish bias. The area of 1.1352 (Murray [8/8]) level still impedes growth of the pair. If the “bulls” manage to raise the rate above the level of 1.1361, the raise can continue to the area of 1.1383 (Murray [5/8]). Pair’s sustained trading beyond the 1.1383 mark could set 1.1413 (Murray [6/8]) and the 1.1444 (Murray [7/8]) as next buyers targets. The downward trend will be restored after the price is set below the level of 1.1314, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1291 (Murray [2/8])-1.1261 (Murray [1/8]).
Technical picture is mixed. Bollinger Bands are converging. MACD histogram is in the pozitive zone keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards.

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 1.1314 with the target at around 1.1291-1.1261 and stop-loss 1.1330.

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NZD/USD: technical analysis 21.03.2019

NZDUSDH421032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of downward correction after a significant rise over the last day.If the sellers manage to decline the rate below the level of 0.6912, the correction can continue to the area of 0.6862 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.6937. In this case, the next targets of buyers will be the level of 0.6958 (Murray [8/8])-0.6988 (Murray [+1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD volumes are increasing in the positive zone. Bollinger Bands are diverging, reflecting the active development of the upward trend. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.6897, 0.6866, 0.6835, 0.6805.
Resistance levels: 0.6927, 0.6958, 0.6988, 0.7018.

Trading recommendations

Short positions can be opened below the level of 0.6912 with the target at around 0.6866 and stop-loss 0.6930.
Long positions can be opened above the level of 0.6927 with the target at around 0.6958-0.6988 and stop-loss 0.6910.

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USD/CHF: technical analysis 21.03.2019

USDCHFH421032019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is falling down along the lower line of the Bollinger Bands. The price has tested the support level of 0.9893 and was slightly corrected upwards, but the downward trend still maintains. The downward trend will be restored after the price is set below the level of 0.9887 (Murray [0/8]). In this case, the next targets of sellers will be the area of 0.9857 (Murray [-1/8])-0.9826 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 0.9918 (Murray [1/8]), the correction can continue to the area of 0.9948 (Murray [2/8])-0.9979 (Murray [3/8]). Technical indicators mostly maintain a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current trend.
MACD histogram is in the negative zone, keeping a signal for the opening of sell positions. Stochastic is pointed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.9887, 0.9857, 0.9826.
Resistance levels: 0.9918, 0.9948, 0.9979, 1.0009.

Trading recommendations

Short positions can be opened below the level of 0.9887 with the target at around 0.9857-0.9826 and stop-loss 1.0008.
Long positions can be opened above the level of 0.9918 with the target at around 0.9948-0.9979 and stop-loss 0.9890.

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XAU/USD: technical analysis 21.03.2019

XAUUSDH421032019-1024x576.png

Current trend

On 4-hour chart, the price has tested the resistance level of 1319.00 and was slightly corrected downwards, but the upward trend still maintains. Additionally, pair’s sustained trading beyond the 1316.41 (Murray [+1/8]) could set the level of 1320.31 (Murray [+2/8]) as next buyers target. If the “bulls” manage to raise the rate above the level of 1320.31, the rise can continue to the area of 1325.55. Alternatively, pullbacks below 1316.41 and holding below it will push the price back to 1312.50 (Murray [8/8])-1308.59 (Murray [7/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD volumes are increasing in the positive zone. Bollinger Bands are diverging, reflecting the active development of the upward trend. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1316.41, 1312.50, 1308.59.
Resistance levels: 1320.31, 1325.31, 1330.00.

Trading recommendations

Short positions can be opened below the level of 1316.41 with the target at around 1308.59 and stop-loss 1318.00.
Long positions can be opened above the level of 1320.31 with the target at around 1325.51 and stop-loss 1318.50.

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USD/JPY: technical analysis 22.03.2019

USDJPYH422032019-1024x576.png

Current trend

USD/JPY is in the stage of upward correction. The first target of the correction is the level of 111.04 (Murray [3/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, any attempted rise is getting sold into actively near the 110.93 (Murray [4/8]) level. If the “bulls” manage to raise the rate above the level of 110.93, the rise can continue to the area of 111.13-111.52. The downward trend will be restored after the price is set below the level of 110.64. In this case, the next targets of sellers will be the levels of 110.54 (Murray [2/8])-110.15 (Murray [0/8]).
Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 110.74, 110.54, 110.15.
Resistance levels: 110.93, 111.13, 111.52.

Trading recommendations

Short positions can be opened below the level of 110.64 with the target at around 110.54-110.15 and stop-loss 110.81.
Long positions can be opened above the level of 110.93 with the target at around 111.13-111.52 and stop-loss 110.70.

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AUD/USD: technical analysis 22.03.2019

AUDUSDH422032019-1024x576.png

Current trend

On 4-hour chart, AUD/USD is trading around the area of middle line of Bollinger Bands (0.7107). If the “bulls” manage to raise the rate above the level of 0.7110 (Murray [5/8]), the upward trend restoration and retest of the level 0.7141 (Murray [6/8]) are possible. If the seller manage to decline the rate below the level of 0.7080 (Murray [4/8]), the fall can continue to the area of 0.7049 (Murray [3/8]), 0.7019 (Murray [2/8]).
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7034 and stop-loss 0.7096.
Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7095.

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GBP/USD: technical analysis 22.03.2019

GBPUSDH422032019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic due to upwars correction. If the current trend maintains, the price can grow further to the area of 1.3183-1.3205 levels. The downward trend will be restored after the price is set below the level of 1.3122. In this case, the next targets of sellers will be the area of 1.3061 (Murray [2/8])-1.3000 (Murray [1/8]) levels, which can restrict further downside of the pair. The technical picture is mixed. Bollinger Bands are poited downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is directed upwards.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3183, 1.3244, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3141 with the target at around 1.3183-1.3205 and stop-loss 1.3125.

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USD/CAD: technical analysis 25.03.2019

USDCADH425032019-1024x576.png

Current trend

On 4-hour chart, the price has tested the resistance level of 1.3438 and was slightly corrected downwards, but the upward trend still maintains. Pair’s sustained trading below the 1.3427 (Murray [8/8]) could set 1.3397 (Murray [7/8])-1.3336 (Murray [6/8]) as next sellers levels. The level of 1.3336 is the main target of downward correction and is coincided with the middle line of Bollinger Bands. Alternatively, breakout of 1.3428 can accelerate the pair towards 1.3458 (Murray [+1/8])-1.3488 (Murray [+2/8]),but the three-month old resistance-line could challenge the pair’s upside. 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. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3397, 1.3366, 1.3336, 1.3305.
Resistance levels: 1.3427, 1.3458, 1.3488, 1.3510.

Trading recommendations

Short positions can be opened below the level of 1.3397 with the target at around 1.3366-1.3336 and stop-loss 1.3415.
Long positions can be opened above the level of 1.3427 with the target at around 1.3458-1.3488 and stop-loss 1.3410.

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XAU/USD: technical analysis 25.03.2019

XAUUSDH425032019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the strong resistance level of 1312.50 (Murray [4/8]) and can grow further to the levels of 1316.41 (Murray [+1/8]) and 1320.31 (Murray [+2/8]). There is a chance of a downward rebound from the area of 1320.31 mark, where overbought Stochastic and one-month old resistance-line could restrict further rise. The downward trend will be restored after the price is set below the level of 1312.50 (Murray [4/8]). In this case, the next targets of sellers will be the level of 1308.59 (Murray [7/8])-1304.69 (Murray [6/8]). Technical indicators mostly keep a buy signal. Bollinger Bands and Stochastic lines are directed up. MACD is growing in the positive zone.

Support and resistance

Support levels: 1312.50, 1308.59, 1304.69, 1300.78.
Resistance levels: 1316.41, 1320.31, 1324.31.

Trading recommendations

Short positions can be opened below the level of 1312.50 with the target at around 1308.59 and stop-loss 1314.00.
Long positions can be opened above the level of 1316.41 with the target at around 1320.31 and stop-loss 1314.80.

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      For example, if you go on holiday to Malaysia, you must convert your money to Malaysian ringgit, or if you go to the US for a vacation; You will spend USD in the US. This is a form of Forex trading where you sell your own domestic currency for foreign currencies.
      How does a Forex broker work?
      Forex brokers are basically intermediaries who buy and sell on behalf of someone. Every time you work through a broker, he will get some money as a commission called a spread.
      Now, the great thing about the Forex market today is that the spreads are far lower because Forex brokers are very competitive businesses.
      When you open an account with a good broker like Exness, they will do what is known as KYC, called Know Your Clients.
      So, that means you have to show some credentials to ensure that you have good credit, especially if they give you leverage (lend money to trade).
      Who trades Forex and why?
      On a much larger scale, trade is carried out by central banks, large banks, companies, governments, and retail traders.
      Central banks intervene in the foreign exchange market to bring a balance in the currency so that they remain competitive in exports.
      So, they sell their own domestic currency on a large scale to buy whatever relevant raw materials they need from other countries.
      Finally, retail traders; like you or me, speculate in the Forex market for profit.
      The advantage of Forex trading
      High Liquidity
      So, every time you place an order on the Forex market, you don’t need to worry about completing your trade because there are many buyers and sellers in the market.
      According to the latest survey, Forex traders have jumped close to 10 million in the market.
      Risk management
      Forex allows you to trade very small lot sizes. Unlike stocks, where there is a large risk involved, in Forex, you don’t need to trade big to get big profits.
      Open 24/7
      Forex gives you the option to trade whenever you want, Monday to Friday. You can wake up early or late at night. You can go home from your daily work, and the Forex market will remain open and in full bloom.
      So, in the end, Forex trading is now on the edge of online trading. Though many people still don’t know how it works. So, for them, if you have any question in my mind regarding Forex trading then please let me know.
    • By jerry0821
      Fundamental review
      With the approaching of October 31, the British Prime Minister Johnson became more and more aware that the possibility of leaving the EU after the agreement with the EU has been declining,
      so he began to prepare for "no agreement to leave the EU." However, on Wednesday, the situation of Brexit is changing again.
      The Johnson Administration and the "rebel" members of the hard-off Brex have once again confronted each other. Originally, Johnson planned to prevent the parliament from obstructing "no agreement to leave the European Union" by extending the parliamentary recess time, but the British parliament shattered Johnson's hard-fashioned fantasy and passed 328 to 301 votes for the opposition and the Conservative Party.
      The proposed motion to prevent Johnson from leaving the EU without a deal made it impossible for Johnson to easily complete the "no agreement to leave the European Union" during the parliamentary recess.

      Forex technical analysis GBPUSD GBP/USD

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

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

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

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

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

      Forex analysis today GBP/USD (September 6th) Early in the vicinity of 1.23233, from the technical analysis, the 1-hour line level observation trend is forming the fifth wave of wave theory, while the K-bar is close to the Bollinger Middle Track to maintain the middle and upper rails. Between, therefore there is a chance to continue to rise.
      At present, the pressure range above the short-term line is located at 1.23650~1.23700, the downward direction, the initial support range is 1.22950~1.23000, and the operation mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.23200 to 1.23250 range. The MT4 operation stop loss point can be considered to be set below 1.23001.
      Today's key data:
      1.Germany's July seasonally adjusted industrial output monthly rate
      2.French July trade account (100 million euros)
      3.UK August Halifax seasonally adjusted house price index monthly rate
      4.Eurozone second quarter quarterly adjusted employment rate
      5.Eurozone second quarter GDP annual rate correction
      6.Non-agricultural employment in the United States in August
      7.US unemployment rate in August
      More information Forex and MT4
    • By jerry0821
      The United States announced yesterday (3rd) that the manufacturing index for August was 49.1, lower than the three-year low of 51.2 in July, which was below the 50-year-old glory line for the first time in three years, and the order, production, and The employment index fell in full, suggesting that the global economy was heated by Sino-US trade frictions, causing shocks to the US manufacturing industry, and the growth trend gradually slowed down. According to the report, the new order indicator fell to 47.2 in 7 years, the first time since December 2015, it fell below 50. In addition, it can reflect the overseas demand export index of 43.3, which was the lowest point since the financial tsunami in April 2009.
      forex Technical Analysis (Gold XAUUSD):
      forex analysis today gold (September 4) early in the morning at 1546.8 US dollars/ounce, MT4 technical analysis face cut, 1 hour level observation trend under the influence of US data, the dollar fell gold in one fell swoop, the big structure gradually has the left shoulder bottom right shoulder The shape,so there is a chance to rise more and then pull back the correction.
      At present, the pressure range above the short-term line is located at 1554~1554.5 US dollars/ounce. In the downward direction, the initial support range is 1541~1541.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1541 US dollars. To the 1543.5 US dollars/ounce range of light warehouse buy, MT4 set stop loss point can be set to 1539.5 US dollars/ounce below.
      forex Technical Analysis (EUR/USD EURUSD):
      forex analysis today EUR/USD (September 4th) Early in the morning around 1.09701, MT4 technical analysis cut in, the 1-hour level observation trend was significantly down by the US dollar, the bottom began to rebound sharply, so there is a chance that the symmetry market continues to rise.
      At present, the pressure range above the short-term line is located at 1.10100~1.10150, the downward direction, the initial support interval is 1.09550~1.09600, and the operating mentality is mainly short. Investors who want to enter the market for a short time can consider buying in the 1.09700 to 1.09750 range. MT4 sets the stop loss point to consider setting below 1.09600.
      forex Technical Analysis (GBP/USD GBPUSD):
      forex analysis today sterling / US dollar (September 4) Early in the vicinity of 1.20842, MT4 technical analysis face cut, 1 hour line-level observation trend was also significantly pulled back yesterday (3rd) US dollar, making the pound appear bottom V-shaped reversal, Therefore, the equal-amplitude measurement method has a chance to continue to rise.
      At present, the pressure range above the short-term line is located at 1.21450~1.21500, in the downward direction, the initial support range is 1.20550~1.20600, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.209940 to 1.20990 range. MT4 set stop loss point can be considered to set below 1.20900.
      forex Technical Analysis (NZD/USD NZDUSD):
      forex analysis today NZD/USD (September 4th) Early in the vicinity of 0.63268, MT4 technical analysis cut in, 1-hour line-level observation trend began to appear bottom up, forming a small V reversal, so there is a chance according to the equal amplitude measurement method continue rising
      At present, the pressure range above the short-term line is located at 0.63600~0.63650, the downward direction, the initial support interval is 0.63150~0.63200, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the 0.63390 to 0.63450 range. MT4 sets the stop loss point to consider setting below 0.63300.
    • By fxfarmerashik
      The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.

      Very Low Spread

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

      No Restrictions on Trading - Scalping Allowed

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

      Price Level II - Market Depth

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

      About IC Markets

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

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

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

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
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