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

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NZD/USD: technical analysis 25.03.2019

NZDUSDH425032019-1024x576.png

Current trend

On the 4-hour chart, the price is consolidating around the area of the middle line of Bollinger Bands due to low trading activity and relative calm information field. The breaking 0.6866 (Murray [1/8]) and holding below it will push the price to the mark 0.6835 (Murray [0/8]), which is the key level for the sellers in the short term. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6805 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.6897 (Murray [2/8]), the correction can continue to the area of 0.6927 (Murray [3/8]), 0.6958 (Murray [4/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands and Stcochastic are pointed sideways. MACD volumes are slowly deccreasing in the positive zone.

Support and resistance

Support levels: 0.6866, 0.6835, 0.6805, 0.6774.
Resistance levels: 0.6897, 0.6927, 0.6958, 0.6988.

Trading recommendations

Short positions can be opened below the level of 0.6866 with the target at around 0.6835-0.6805 and stop-loss 0.6880.
Long positions can be opened above the level of 0.6897 with the target at around 0.6927-0.6958 and stop-loss 0.6877.

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USD/JPY: technical analysis 26.03.2019

USDJPYH426032019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias and testing the resistance level of 110.15 (Murray [2/8]), that impedes growth to 110.26-110.54 (Murray [3/8]) resistance-line. If the instrument cannot consolidate above the level of 110.15, the pullback to the area of the level of 109.76 (Murray [1/8]) is possible. Should prices continue slipping under the 109.76 levels, the marks the 109.37 (Murray [0/8] and the 108.98 (Murray [-1/8] might try activating a upward rebound. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 109.76, 109.37, 108.98, 108.59.
Resistance levels: 110.15, 110.54, 110.93, 111.32.

Trading recommendations

Short positions can be opened below the level of 109.76 with the target at around 109.37-108.98 and stop-loss 109.95.
Long positions can be opened above the level of 110.15 with the target at around 110.54-110.93 and stop-loss 109.90.

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AUD/USD: technical analysis 26.03.2019

AUDUSDH426032019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. Now GBPUSD is trading beyond resistance level 0.7110 (Murray [1/8]) confluence and may aim for the 0.7141 (Murray [2/8])-0.7171 (Murray [3/8]) resistance-zone. However, overbought Stochastic barrier could challenge the pair’s upside. Alternatively, pullbacks below the the middle line of Bollinger Bands (0.7110) could lead the price to the 0.7080 (Murray [0/8]) and 0.7049 (Murray [-1/8]) level. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are increasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the possibility of the downward movement formation.

Support and resistance

Support levels: 0.7110, 0.7080, 0.7049, 0.7019.
Resistance levels: 0.7141, 0.7171, 0.7202, 0.7232.

Trading recommendations

Long positions can be opened above the level of 0.7141 with the target at around 0.7171-0.7202 and stop-loss 0.7120.
Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7049 and stop-loss 0.7130.

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GBP/USD: technical analysis 26.03.2019

GBPUSDH426032019-1024x576.png

Current trend

On the 4-hour chart, the GBPUSD pair begins today’s trading with slight bearish bias. The instrument is now testing the support level of 1.3183 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3183. In this case, the next targets of sellers will be the area of 1.3122 (Murray [3/8])-1.3061 (Murray [2/8]) levels. Alternatively, breakout of 1.3244 (Murray [5/8]) can accelerate the pair towards 1.3305 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are poited downwards. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 1.3183, 1.3122, 1.3061, 1.3000.
Resistance levels: 1.3244, 1.3305, 1.3366, 1.3427.

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 1.3305 and stop-loss 1.3220.

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USD/CHF: technical analysis 27.03.2019

USDCHFH427032019-1024x576.png

Current trend

On the 4-hour chart, USD/CHF is growing along the upper line of the Bollinger Bands. If the current trend maintains, the growth can continue to the mark of 0.9979 (Murray [3/8]), that holds the gate for its rise to 1.0009 (Murray [4/8]) resistance-line. Alternatively, pullbacks below 0.9948 (Murray [2/8]) could lead the price back to the 0.9936 and 0.9918 level. Technical indicators reflect the moderate maintenance of the current upward trend. Stochastic’s lines are pointed upwards and are reaching the overbought area. Bollinger Bands are directed up. MACD histogram is ready to enter the positive zone and form a buy signal.

Support and resistance

Support levels: 0.9948, 0.9918, 0.9887, 0.9857.
Resistance levels: 0.9979, 1.0009, 1.0040, 1.0070.

Trading recommendations

Long positions can be opened above the level of 0.9979 with the target at around 1.0009-1.0040 and stop-loss 0.9960.
Short positions can be opened below the level of 0.9948 with the target at around 0.9918-0.9887 and stop-loss 0.9968.

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USD/CAD: technical analysis 27.03.2019

USDCADH427032019-1024x576.png

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias. The instrument is now testing the level of 1.3397, which coincided with the middle line of Bollinger Bands. In case the pair manage to cross the 1.3397 level, the price may aim for the 1.3427 (Murray [8/8]) -1.3458 (Murray [+1/8]) resistance-zone. The downward trend will be restored after the price is set below the level of 1.3366 (Murray [6/8]). In this case, the next targets of sellers will be the level of 1.3336 (Murray [5/8])-1.3305 (Murray [4/8]). Technical indicators mostly keep a buy signal. MACD is actively growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1.3366, 1.3336, 1.3305, 1.3275.
Resistance levels: 1.3397, 1.3427, 1.3458, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3366 with the target at around 1.3336-1.3305 and stop-loss 1.3385.
Long positions can be opened above the level of 1.3397 with the target at around 1.3427-1.3458 and stop-loss 1.3380

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NZD/USD: technical analysis 28.03.2019

NZDUSDH428032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of upward correction after falling to the level of 0.6779. The first target of the correction is the level of 0.6866 (Murray [1/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, there is a strong resistance level on the 0.6835 (Murray [0/8]) mark, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.6866. In this case, the next targets of buyers will be the level of 0.6897 (Murray [2/8])-0.6927 (Murray [3/8]). Alternatively, pullbacks below 0.6774 (Murray [-2/8]) could lead the price to the 0.6744-0.6720 area.
Technical indicators reflect the moderate maintenance of the current upward movement. Stochastic is pointed upwards. MACD volumes are decreasing in the positive zone. Bollinger Bands are diverging, reflecting the active development of the current trend.

Support and resistance

Support levels: 0.6805, 0.6774, 0.6744, 0.6720.
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 0.6774 with the target at around 0.6744-0.6720 and stop-loss 0.6790.

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XAU/USD: technical analysis 28.03.2019

XAUUSDH428032019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. The price is approaching a strong resistance level in the region of 1312.50 (Murray [8/8]). There is a chance of an downward rebound, while its breakout would allow the rise to continue to the area 1315.44 (the middle line of Bollinger Bands). Probably, any growth attempted seems more likely to get sold into aggressively near the 1315.44 region. The breakout of this level will let the price to grow to the area of 1320.31 (Murray [+1/8]). A significant decrease is possible after the breakdown of the level 1307.21, which can develop to the levels of 1304.69 (Murray [7/8]), 1296.88 (Murray [6/8]).
The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 1307.21, 1304.69, 1296.88.
Resistance levels: 1312.50,1315.44, 1320.31.

Trading recommendations

Long positions can be opened above the level of 1312.50 with the target at around 1315.44 and stop-loss 1311.50.
Short positions can be opened below the level of 1307.21 with the target at around 1304.69 and stop-loss 1308.20.

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USD/CAD: technical analysis 28.03.2019

USDCADH428032019-1024x576.png

Current trend

USD/CAD quotes attempted to grow, but reaching 1.3423 mark moved to a decline. The instrumets is now testing the level of 1.3397, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the middle line of Bollinger Bands area. In this case, the next targets of sellers will be the level of 1.3366 (Murray [6/8])-1.3336 (Murray [5/8]). Alternatively, breakout of 1.3427 (Murray [8/8]) can accelerate the pair towards 1.3458 (Murray [+1/8])-1.3488 (Murray [+2/8]). Technical indicators mostly keep a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD is slowly decreasing in the positive zone.

Support and resistance

Support levels: 1.3397, 1.3366, 1.3336, 1.3305.
Resistance levels: 1.3427, 1.3458, 1.3488, 1.3520.

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 1.3408.

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GBP/USD: technical analysis 29.03.2019

GBPUSDH429032019-1024x576.png

Current trend

GBP/USD is in the stage of upward correction after falling to the level of 1.3033, but the general downward trend is still maintained. The first target of the correction is the area of 1.3183 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of a downward rebound from the area of 1.3183, while its breakout would allow the rise to continue. The downward trend will be restored after the price is set below the level of 1.3033. In this case, the next targets of sellers will be the area of 1.3000 (Murray [1/8])-1.2939 (Murray [0/8]) levels. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are poited downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and sligtly leaned downwards.

Support and resistance

Support levels: 1.3061, 1.3000, 1.2939, 1.2878.
Resistance levels: 1.3122, 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3061 with the target at around 1.3000 and stop-loss 1.3080.
Long positions can be opened above the level of 1.3122 with the target at around 1.3305 and stop-loss 1.3100.

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USD/JPY: technical analysis 29.03.2019

USDJPYH429032019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with bullish bias and testing the resistance level of 110.93 (Murray [2/8]), that holds the gate for its rise to 111.32 (Murray [5/8]) resistance-line. The breakout of the 111.32 level will let the price grow to the level of 111.71 (Murray [6/8]) but overbought Stochastic and two-weeks old resistance-line, could restrict further rise. The downward trend will be restored after the price is set below the level of 110.54 (Murray [5/8]),which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the levels of 110.15 (Murray [2/8])-109.76 (Murray [1/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is preparing to enter the overbought zone and is directed upwards.

Support and resistance

Support levels: 110.54, 110.15, 109.76, 109.37.
Resistance levels: 110.93, 111.32, 111.71, 112.10.

Trading recommendations

Long positions can be opened above the level of 110.93 with the target at around 111.32-111.71 and stop-loss 108.70.
Short positions can be opened below the level of 110.54 with the target at around 110.15-109.76 and stop-loss 110.72.

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AUD/USD: technical analysis 29.03.2019

AUDUSDH429032019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 0.7095 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 0.7095, the upward movement can continue to the area of 0.7110 (Murray [2/8])-0.7141 (Murray [4/8]). Alternatively, pullbacks below the support level 0.7080 could lead the price to the 0.7064 (Murray [-1/8]) and 0.7049 (Murray [-2/8]) level. The technical picture is mixed. Bollinger Bands are leaned downwards. MACD volumes are deccreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 0.7080, 0.7064, 0.7049, 0.7019.
Resistance levels: 0.7095, 0.7110, 0.7125, 0.7141.

Trading recommendations

Long positions can be opened above the level of 0.7095 with the target at around 0.7125-0.7141 and stop-loss 0.7080.
Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7019 and stop-loss 0.7100.

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EUR/USD: technical review 01.04.2019

EURUSDH401042019.png

Current dynamic

On 4-hour chart, EUR/USD is in the stage of upward correction. The price went up above the level of 1.1230 (Murray [0/8]) and can grow further to the levels of 1.1261 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 1.1261, the correction can continue to the area of 1.1291 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.1231 (Murray [0/8]). In this case, the next targets of sellers will be the area of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]) . The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169, 1.1140.
Resistance levels: 1.1261, 1.1291, 1.1322, 1.1352.

Trading recommendations

Short positions can be opened below the level of 1.1231 with the target at around 1.1200-1.1169 and stop-loss 1.1250.
Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1270.

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USD/CAD: technical analysis 01.04.2019

USDCADH401042019.png

Current trend

On the 4-hour chart, USD/CAD is faliing along the lower line of the Bollinger Bands. The price is approaching a support in the region of 1.3336 (Murray [5/8]). If the current trend maintains, the next targets of sellers will be the level of 1.3305 (Murray [4/8]), that is a key level for the sellets in short-time period. A significant decrease is possible after the breakdown of the level 1.3305, which can develop to the levels of 1.3275 (Murray [3/8]), 1.3244 (Murray [2/8]). If the “bulls” manage to raise and concolidate the rate above the level of 1.3366 (Murray [6/8]), the correction can continue to the area of 1.3397 (Murray [7/8]), 1.3427 (Murray [8/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold area and is pointed sideways.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 1.3336 with the target at around 1.3305-1.3275 and stop-loss 1.3354.
Long positions can be opened above the level of 1.3366 with the target at around 1.3397-1.3427 and stop-loss 1.3346.

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USD/CHF: technical analysis 01.04.2019

USDCHFH401042019.png

Current trend

On 4-hour chart, USD/CHF continues to consolidate in the side channel with the borders 0.9944-0.9973. Assuming the pair’s ability to cross 0.9973, the levels of 0.9979 (Murray [6/8]) and the 0.9994 (Murray [7/8]) can be targeted if holding long positions. The breakdown of 0.9948 (Murray [4/8]) and holding below it will push the price back to 0.9933 (Murray [3/8]). Should prices continue slipping under 0.9933, the 0.9918 (Murray [2/8]), the 0.9903 (Murray [1/8]) might try activating a Upward rebound. Technical indicators mostly reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands are pointed sideways. MACD volumes are moving along the zero line. Stochastic is upwards.

Support and resistance

Support levels: 0.9948, 0.9933, 0.9918, 0.9903.
Resistance levels: 0.9979, 0.9994, 1.0009, 1.0025.

Trading recommendations

Long positions can be opened above the level of 0.9979 with the target at around 0.9994-1.0009 and stop-loss 0.9965.
Short positions can be opened below the level of 0.9948 with the target at around 0.9918-0.9903 and stop-loss 0.9967.

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USD/CHF: technical analysis 02.04.2019

USDCHFH402042019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is correcting down from the uper line of the Bollinger Bands (0.9994). The key target of the correction is the level of 0.9964 (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 0.9994 (Murray [7/8]). In this case, the levels of 1.0009 (Murray [8/8])-1.0040 (Murray [+2/8]) 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 diverging, reflecting the active development of the current trend. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways.

Support and resistance

Support levels: 0.9979, 0.9948, 0.9918, 0.9887.
Resistance levels: 0.9994, 1.0009, 1.0040.

Trading recommendations

Long positions can be opened above the level of 0.9994 with the target at around 1.0009-1.0040 and stop-loss 0.9980.
Short positions can be opened below the level of 0.9979 with the target at around 0.9948-0.9918 and stop-loss 1.0000.

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XAU/USD: technical analysis 02.04.2019

XAUUSDH402042019-1024x576.png

Current trend

XAU/USD is in the stage of upward correction after falling to the level of 1285.31, but the downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 1289.06, the correction can continue to the area of 1292.60, which is the middle line of Bollinger Bands. There is a chance of an downward rebound from the level of 1292.60, while its breakout would allow the rise to continue. The downward trend will be restored after the price is set below the level of 1281.25, which is the key level for the sellers in short term period. In this case, the next targets of sellers will be the level of 1273.44 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 1281.25, 1273.44, 1265.63.
Resistance levels: 1289.06, 1296.88, 1304.69.

Trading recommendations

Long positions can be opened above the level of 1292.60 with the target at around 1296.88 and stop-loss 1291.00.
Short positions can be opened below the level of 1281.25 with the target at around 1273.44 and stop-loss 1283.00.

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NZD/USD: technical analysis 02.04.2019

NZDUSDH402042019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is showing a negative dynamic. The instrument is now testing the support level of 0.6774 (Murray [2/8]). Breakdown of this level will let the price to fall to the area of 0.6744 (Murray [1/8]). Should prices continue slipping under 0.6744, the level of 0.6713 (Murray [0/8]) might try activating a upward rebound, as the possibility of the reverse of the price is high there. If the “bulls” manage to raise the rate above the level of 0.6783, the correction can continue to the area of 0.6805 (Murray [3/8]), which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.6805. In this case, the price may aim for the 0.6835 (Murray [4/8]) -0.6866 (Murray [5/8]) resistance-zone. Technical indicators mostly reflect the maintenance of the downward potential, but the of upward correction is not excluded. Bollinger Bands are diverging, reflecting the active development of the general downard trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.6774, 0.6744, 0.6713.
Resistance levels: 0.6783, 0.6805, 0.6835.

Trading recommendations

Short positions can be opened below the level of 0.6774 with the target at around 0.6744-0.6713 and stop-loss 0.6794.
Long positions can be opened above the level of 0.6783 with the target at around 0.6805-0.6835 and stop-loss 0.6768.

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GBP/USD: technical analysis 03.04.2019

GBPUSDH403042019-1024x576.png

Current trend

On the 4-hour chart, trading with bullish bias. The price went up above the level of 1.3122 (Murray [7/8]) and can grow further to the levels of 1.3183 (Murray [8/8]). The level of 1.3183 seem strong resistance as break of which can accelerate the pair towards 1.3244 (Murray [+1/8]). Alternatively, pullback below 1.3122 could lead the price to the 1.3061 (Murray [6/8]) level, which coincided with the middle line of Bollinger Bands. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

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

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 1.3122 with the target at around 1.3183 and stop-loss 1.3100.

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AUD/USD: technical analysis 03.04.2019

AUDUSDH403042019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a positive dynamic. If the current trend maintains, the next target of buyers will be the area 0.7110 (Murray [2/8]) – 0.7141 (Murray [4/8]). There is a chance of an downward rebound from the level of 0.7141, while its breakout would allow the rise to continue. If the price is set below the level of 0.7095 (Murray [1/8]), the downward trend can restore, and the instrument can retest the resistance level of 0.7080 (Murray [0/8])-0.7064 (Murray [-1/8]). Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are pointed upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards.

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

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.
Short positions can be opened below the level of 0.7095 with the target at around 0.7064-0.7049 and stop-loss 0.7110

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      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 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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