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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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      Maybe it was normal that the starters brought in the early stages when they hit the road but you should always take precautions to educate yourself. If you do not, you may end up losing your investment.
       Therefore, it means that you must be very attentive to the educational resources that your broker has given you in the video and document formats. Additionally, you can ask your broker to give you a demo account so you can practice trading on it.
      Reliable Forex Broker
      A broker that offers clear terms of trade and the various encyclopedic assets is ideal for Forex broker. You should ensure that your broker offers to trade in certain instruments area. 
      He or she must provide a demo account where you can practice some trading skills before you go to market life. Years of experience and a well-establishment in the industry are the things that can help you to determine a reliable broker for you.
      Evaluate Fundamental
      When you are done with selecting a Forex broker, you should see if your capital designation for Forex exchange is not above or inadequate and decide your risk resilience.
      100% sure about the results you are looking for, and to achieve that you have to have an overall strategy in place.
      Be Wise While Choosing-Account Type
      Your broker may offer different types of accounts to ensure that one of them will meet your needs. It may seem like a simple process, however, choose the type of account that synchronizes with the experience and expectations. 
      The lower the risk, the higher the likelihood, therefore, it is wise to choose lower leverage.
      And if you want to choose Forex robot or software trading platforms then you should research a lot about the platforms. I think the FIX API trading platform will be best for you.
      Your working day is Similarly Important
      A few Forex exchange people to improve their standard salary by pointing out a few hours of work weekly. Meanwhile, others win alive by dedicating a lot of time and effort, perhaps at the full-time premise to get "compensation". 
      However, you have to be sensible and acknowledge that it was an example of "you only get what you put in" and given that it is likely to have a favorable opportunity, you can not expect to win on the "go".
      You can get off to a fast start with Forex trading if you keep insights and tips in your mind. In the event that you are pursuing a master's, you will be able to verify the results were great and anticipate the possibility to withdraw payment from your trading practice.
      Finally, there are also few facts like study the market, making analysis etc. In order to become a successful trader, you have to work hard.
      So, GOOD LUCK!
    • By fxfarmerashik
      The value of different currencies around the world depend on political events, economic and global social and fluctuates regularly.
      This allows traders engaged fluctuations in foreign exchange or Forex to earn money by basing the sale or purchase of currency on speculation the future value of a particular currency.
      Today the Forex market is worth more than $ 6 trillion and the largest financial market in the world.
      The global Forex market is important for the sustainability of international trade relations, import and export, and the global economic framework and provides a livelihood for thousands of Forex traders around the world.
      Read on to learn more about -
      - Forex trading strategy
      - The benefits of Forex trading
      - 5 best strategies for 19-20
      First of all, what is Forex trading?
      Forex trading is the basis for all international transactions and exceeded the volume of futures or stock market trading.
      The purpose of Forex trading is to exchange one currency for another in the faith that the value of the currency received will increase in the future.
      What are the different Forex trading strategies?
      Forex traders use many strategies and methods of analysis to determine the best time to buy and sell currencies. Here are the most important strategies involved in Forex trading.
      Fundamental Analysis: Fundamental analysis looks at the integral indicator of the economy to understand if the currency is likely to be undervalued or overvalued in the future. This method can be a little daunting because it involves a lot of data elements of a country's economy.
      This method also analyzes currency inflows and outflows in addition to economic news releases in the country.
      Technical Analysis: Many traders favor this strategy as it gives a decent insight into the predictive value of the currency. It involves reviewing past behavior and recently to predict the value of the currency in the future.
      Technical analysis involves a long list checklist for detecting small fluctuations in currency trends. It provides merchants with a visual and scientific basis to determine when to buy and sell currencies.
      Trade Trends: This method involves identifying a trend of increase or decrease in the price movement of the currency. Using these trends to determine the best time to buy and sell currencies based on the strength of a trend.
      This method involves a variety of factors such as the moving average, the value of the currency now and the relative strength indicator to calculate trends.
      Swing Trading: This strategy looks to set up shop during the 'swing' trading-day period. This period is when the market registers the maximum activity. This strategy reduces the false price movements observed during the lean period.
      Breakout Trade: Trade Breakout identifies the entry point of various trades before trading. If the price of the currency broke out of its range, traders can assume that the trend will continue. Similarly, if the price falls below the range, traders will know better than to sell the currency.
      Why do you have to learn Forex trading?
      Here are the main reasons that should convince you to invest the time and money to pursue a course in Forex trading.
      It can serve as an additional income: Trading in foreign exchange can help you supplement your income from a steady job, which can ease your financial situation. However, it is important to note that it takes to build skills and intuition in the subject.
      It is less dependent on the labor market: It serves as a perfect source of income because they do not get a lot of the work rate or downsizing in the companies affected.
      You can choose the timing of your work: Unlike the stock market which is open for only six hours a day, the Forex market is open 24 hours for 5 days a week trading. This gives you the flexibility to choose your work schedule.
      It involves lower transaction costs: Due to less number of intermediaries in the business, Forex trading has significantly less transaction costs unlike other types of trading. This will reduce your expenses and increase your profit margins.
      You can work anywhere: You can access the Forex market from every part of the world as long as you have a computer and an internet connection to work. These days, it is even possible to trade when you travel with the help of a smartphone.
      While all of the strategies involved in Forex trading, it takes time and technical expertise to know which one will be used at certain times. Pursuing a short course on Forex trading can help you become an experienced trader.
    • By fxfarmerashik
      FOREX trading might sound to you like something unique, but it’s not difficult to explain because most people consider it tough to understand.
      Though it is true, this is different from what you normally use in other capital markets, but the ideas behind it are the same; to get as much profit as possible in a very short time.
      The Forex exchange market is the largest market in the world without anyone approaching it. It is traded in trillions of dollars a day all the time, so it is attractive to both; traders who trade in small or larger sizes because Forex trading is relatively easy to complete your trade and the cost of doing business is much lower.
      So, without any further ado, let’s dive right into Forex trading and how it works.
      What is Forex trading?
      Forex is a synonym of foreign exchange, so basically it is trading one currency with another currency. Most of us have probably done this kind of exchange, manually if not electronically.
      For example, if you go on holiday to Malaysia, you must convert your money to Malaysian ringgit, or if you go to the US for a vacation; You will spend USD in the US. This is a form of Forex trading where you sell your own domestic currency for foreign currencies.
      How does a Forex broker work?
      Forex brokers are basically intermediaries who buy and sell on behalf of someone. Every time you work through a broker, he will get some money as a commission called a spread.
      Now, the great thing about the Forex market today is that the spreads are far lower because Forex brokers are very competitive businesses.
      When you open an account with a good broker like Exness, they will do what is known as KYC, called Know Your Clients.
      So, that means you have to show some credentials to ensure that you have good credit, especially if they give you leverage (lend money to trade).
      Who trades Forex and why?
      On a much larger scale, trade is carried out by central banks, large banks, companies, governments, and retail traders.
      Central banks intervene in the foreign exchange market to bring a balance in the currency so that they remain competitive in exports.
      So, they sell their own domestic currency on a large scale to buy whatever relevant raw materials they need from other countries.
      Finally, retail traders; like you or me, speculate in the Forex market for profit.
      The advantage of Forex trading
      High Liquidity
      So, every time you place an order on the Forex market, you don’t need to worry about completing your trade because there are many buyers and sellers in the market.
      According to the latest survey, Forex traders have jumped close to 10 million in the market.
      Risk management
      Forex allows you to trade very small lot sizes. Unlike stocks, where there is a large risk involved, in Forex, you don’t need to trade big to get big profits.
      Open 24/7
      Forex gives you the option to trade whenever you want, Monday to Friday. You can wake up early or late at night. You can go home from your daily work, and the Forex market will remain open and in full bloom.
      So, in the end, Forex trading is now on the edge of online trading. Though many people still don’t know how it works. So, for them, if you have any question in my mind regarding Forex trading then please let me know.
    • By fxfarmerashik
      The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.

      Very Low Spread

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

      No Restrictions on Trading - Scalping Allowed

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

      Price Level II - Market Depth

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

      About IC Markets

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

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

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

      Media Contact:

      -International Capital Markets Pty Ltd

      -Level 6 309 Kent Street

      -Sydney NSW, 2000 AUSTRALIA

      Email: info@icmarkets.com

      Global Phone Numbers

      General: +61 (0)2 8014 4280

      Fax: +61 (0)2 8072 2120
    • By fxfarmerashik
      The advent of international trade has brought many benefits, one of which is to consolidate the foundations of globalization.
      While other factors such as global peace and stability played a crucial role in the foundation of globalization and the laws that governed it, international trade was essential to accelerate the process.
      In doing so, countries have been able to export crucial resources to other countries in the world and to import indispensable resources.
      In addition, the changes during the period have also led these countries to put in place a monetary system. Initially, these currencies were attached to a specific commodity - gold at the time - and then to the US dollar.
      However, as history will have it, most countries have finally chosen not to join and have finally adopted a floating monetary regime, one in which a country's currency is allowed to fluctuate according to the forces of the country demand and supply on the market and not controlled by a government or indexed to a specific dominant currency (as was the case under the aforementioned regime).
      As more and more countries have started to participate in international trade, the above-mentioned monetary regime has been widely adopted by these countries.
      All of this progress was made at a time when the economy and finance were on a growth trajectory as more and more research was conducted on the pricing and hedging mechanisms for different financial products.
      Research on stochastic methods, bivariate analysis, and other complex financial models has dominated this space, leading to new methods of forecasting the movements and future prices of currencies and other financial products such as currency derivatives.
      The result of the currency trading instruction meant that currencies were at the top of this new paradigm of finance and that currency trading was resulting.
      As with any new financial product, developments in the financial markets have led to the rapid adoption of different currency pricing mechanisms. This led to a change in the hedging structures of these financial products, which led to the start of currency transactions.
      These exchanges were based on movements in the financial markets, in particular, foreign exchange markets, which in turn were driven both by foreign exchange - the import and export of a country's products - as well as by foreign investment.
      in a country. with stronger policies encouraging investments as well as those with higher mechanization - used to ensure greater value added to their natural resources - had much stronger currencies than their counterparts).
      Over time, new research has been undertaken in this area, which has resulted in technical and fundamental currency analysis. These methods have revolutionized the way different currency traders perceive trading, as well as the strategies and analyzes associated with them. In this article, we examine some of the currency trading strategies and briefly evaluate some of the tools needed to trade hard currencies.
      Forex Trading Strategies: An Introduction
      The way to understanding currency trading developments in the money markets, accurately anticipating anticipated developments and exploiting one's comprehension of future developments, making an arrival/cash all the while.
      When trading monetary standards (otherwise called Forex trading), there are various elements which figure out which strategy one ought to pursue. Key among this is to comprehend the term of your speculation: short, medium or long.
      While a few financial specialists hope to transient exchanges, for example, minutes or even hours, a few techniques work better with medium-or longer-term speculators who hold positions for quite a long time, weeks or now and again, months.
      An examination of economic situations additionally assumes an urgent job in Forex trading. Besides, while it is apparently rewarding to use more or incorporate higher capital in one's exchange in order to help the profits, given the unstable idea of the Forex advertise, unforeseen swings may have critical results on one's portfolio and crash one's speculation.
      In that capacity, a comprehension of hazard the executives are exhorted for financial specialists in this market.
      It is additionally imperative to bring up that there are various variables which decide how well your forex exchanges will play out, some of which are explicit to various people. While there are various techniques which have been back tried and explored by particular cash traders, individual inclinations and dispositions additionally influence the trading process.
      As an outcome, while the strategies checked on in this piece have worked for previous traders, one should test them for their particular exchanges in order to guarantee that they work for them.
      Sorts of Trading Strategies
      There are various Forex trading techniques which have been embraced by the monetary markets, some which are explicit to specific exchanges which have been made previously. In any case, in this segment, we audit principally systems which have been embraced, looked into and back tried by forex traders.
      Day Trading
      Day exchanges include one holding their portfolio for no longer than one day. Such exchanges exploit intraday unpredictability hence speculators investigate transient exchanges as a method for boosting their portfolio development.
      Similarly, as with the name, such exchanges are not intended to be held for longer than a multi-day and this empowers the speculator to maintain a strategic distance from the hazard related with enormous Forex developments which may happen medium-term.
      Such financial specialists will in this way almost certainly be engaged with five-moment to hourly exchanges dependent on their investigation of specialized devices instead of on macroeconomic and principal examination.
      The outcome, nonetheless, is that such exchanges are inclined to noteworthy changes, some which can crash one's whole position. They in this way expect one to have a reasonable comprehension of specialized investigation, particularly on the planning of passage and exit of an exchange.
      Scalping
      Likewise, with any cash, there are both offered and offer costs. The distinction between these two costs is known as the offer/offer spread. Scalping is a transient trading strategy which includes a trader attempting to beat the offer/offer spread and make some benefit out of skimming a couple of focuses before shutting the exchanges.
      By and large, hawkers have an enthusiasm for downturns in the market and how they can exploit them and this is for the most part surveyed through the request stream device.
      While this is the situation, the combination of automation with cash trading has come to reform this fragment because of the lot quicker adjustment to changes like (FIX API). As calculations audit this spread and make brisk exchanges, they incapacitate people from making 'exchange openings' or skim away focuses as with scalping.
      Scalping, in this manner, expects one to be reliably evaluating their exchanges (for a considerable length of time here and there) and making quick exchanges the procedure.
      At last, it likewise necessitates that people contribute high measures of capital as the exchange expenses related to these exchanges may crash any benefit which might be produced using little size exchanges.
      Position Trading
      In contrast to the past two, this is an all the more long haul trading strategy (hold one's situation for a considerable length of time or even months) which involves a trader attempting to make a benefit from huge changes in the market. Given the idea of such huge cash developments, the majority of these developments are driven by basics and changes in macroeconomic factors.
      For such exchanges, one initially has a perspective on the macroeconomic conditions influencing a particular exchange, for example, understanding the explanations behind the GBP being relied upon to pick up against the USD over a particular period, state financing cost climbs in Britain.
      One that is clear, the trader will at that point examine specialized apparatuses in order to comprehend when is the best time to get into an exchange just as leave the exchange. This procedure is known as shaping a position, subsequently its name.
      This sort of trading has much lower hazard when contrasted with different types of trading given that the trader isn't influenced by intraday instability.
      In any case, while it will, in general, be more beneficial than other trading techniques, this strategy likewise expects one to infuse a great deal of capital and have a reasonable comprehension of central investigation.
      Swing Trading
      Now and then the Forex market encounters noteworthy single developments. In fact, some of them are known as moving normal ricochets or exchange pullbacks and breakouts, all which see the market move one way or radically influence from a leaning back position to a benefit position. Every one of this is incorporated into a class known as a swing.
      Swing trading enables a trader to exchange on such enormous single developments. This strategy is a short-to the medium-term strategy which sees the financial specialist clutch exchanges for a considerable length of time or weeks and which sees them evaluating value examples and attempting to benefit from them.
      Dissimilar to position exchanges, there are more open doors for one to benefit from swing exchanges consequently financial specialists who have a reasonable comprehension of specialized investigation instruments can profit significantly from this.
      Moving Average Trading
      Moving midpoints structure a huge part of specialized examination instruments. The moving normal is a measurable investigation toolbox which examinations the normal incentive over a progression of information: for a pool of week by week information of around one year, the moving normal will be utilized to break down the proceeded with a normal incentive in the course of the last say a month.
      This technique at that point keeps on finding the normal over a four-week time frame recursively over the whole year. The moving normal is a slacked normal and is helpful in clarifying the distinction in execution between the short and long haul.
      On account of a rising moving normal, the present moment generally will, in general, be beating the long haul and the other way around remains constant for the declining moving normally.
      Associated with candlesticks, the above is an important bargaining toolbox. In this case, one can configure their technical tool to buy when the candlestick is above the moving average and sell when the candlestick is below the moving average.
      The rationale is supported by the fact that, for the average of the former, there is an upward dynamic that should push the currency higher than its average value in the short run and a buy recommendation is therefore given.
      On the contrary, for the latter, there is a downward pressure which should lead to an underperformance of the security relative to the moving average in the short term, thus requiring a sale of securities.
      50 pips Trading Pullback
      The above is a bargaining option for scalpers that take advantage of morning movements. It works best with the most liquid currency pairs such as EUR / USD or GBP / USD. The trader fixes a 50-pips perspective on the currency's position, both in recovery and in retreat.
      The trader opens two opposing positions, which means he is looking to take advantage of a reversal of the aforementioned positions. At the opening of one of the above positions, the other transaction is immediately closed.
      As with other short-term strategies, the above is a risky strategy and requires the inclusion of stop loss so that the trader does not incur significant losses. However, these movements tend to make traders realize minimal profits early in the morning before other moves during the day.
      Conclusion
      Although there are many methods of trading; However, the six strategies above have been tested in the past and have been found to be effective for traders. These, however, do not include all strategies as more and more investors develop their own strategies that worked for them.
      In addition, technical analysis tools such as Bollinger Bands, Candlesticks, Mobile Mean Convergence divergence (MACD), Alligator and Fibonacci tools also play a vital role in ensuring that investors are actually analyzing their transactions.
      In conclusion, even if there are different strategies, they should be evaluated and the most appropriate for each individual. Each of the above strategies is categorized based on the capital investment required to complete a transaction, in the short or long term, and thereafter.
      While some investors prefer risky investments, others will need certainty to invest, making them less likely to take risks. Thus, different options will work better for different people depending on these different factors.
      Overall, Forex trading is an important financial product that offers investors a great way to create wealth in both short- and long-term trading options. Investors will benefit greatly from considering this wealth creation option.
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