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

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USD/JPY: technical analysis 03.04.2019

USDJPYH403042019-1024x576.png

Current trend

USD/JPY continues to consolidate in the side channel with the borders 111.30-111.52 after a significant rise over the last week. The upward trend will be restored after the price is set above the level of 111.52, that holds the gate for its rise to 111.71 (Murray [6/8]) and then to the 112.10 (Murray [7/8]) resistance-line. Alternatively, pullback below 111.32 (Murray [5/8]) will push the price back to 110.93 (Murray [4/8]) support level. Technical indicators reflect the moderate maintenance of the upward dynamic. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is directed upwards.

Support and resistance

Support levels: 111.32, 110.93, 110.54, 110.15.
Resistance levels: 111.52, 111.71, 112.10, 112.50.

Trading recommendations

Long positions can be opened above the level of 111.52 with the target at around 111.71-12.10 and stop-loss 111.30.
Short positions can be opened below the level of 111.32 with the target at around 110.93-110.54 and stop-loss 111.55

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USD/CHF: technical analysis 04.04.2019

USDCHFH404042019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is trading in the side narrow channel with the borders 0.9960-0.9986, but the upward trend is still maintained, which is confirmed by technical indicators. The breakout of 0.9979 (Murray [6/8]) can accelerate the pair towards 0.9994 (Murray [7/8])-1.0009 (Murray [8/8]). The area of 1.0009 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The downward trend will be restored after the price is set below the level of 0.9974, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.9948 (Murray [4/8])-0.9933 (Murray [3/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current upward trend. Bollinger Bands are slightly leaned upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed upwards and are reaching the overbought area.

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 0.9974 with the target at around 0.9948-0.9933 and stop-loss 0.9987.

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USD/CAD: technical analysis 04.04.2019

USDCADH404042019-1024x576.png

Current trend

On 4-hour chart, the USD/CAD pair is trading above its middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next target of buyers will be the level of 1.3366 (Murray [6/8]), that could restrict further rise. If the “bulls” manage to raise the rate above the level of 1.3366, the rise can continue to the area of 1.3397 (Murray [7/8]), 1.3427 (Murray [8/8]). Alternatively, pullback below 1.3331 could lead the price to the levels of 1.3305 (Murray [4/8])-1.3275 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels:1.3336, 1.3305, 1.3275, 1.3244.
Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458.

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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EUR/USD: technical analysis 04.04.2019

EURUSDH404042019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bullish bias due to low trading activity . The price went up above the level of 1.2305 (Murray [0/8]) and can grow further to the levels of 1.1261 (Murray [1/8]) and 1.1291 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.1222, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]). The level of 1.1169 can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Technical indicators reflect the moderate maintenance of the upward movement. Bollinger Bands are pointed downwards. Stochastic is directed upwards.MACD histogram is ready to enter the positive zone and form a buy signal.

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 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247.
Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1240.

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NZD/USD: technical analysis 05.04.2019

NZDUSDH405042019-1024x576.png

Current trend

On 4-hour chart, the price has tested the support level of 0.6744 (Murray [1/8]) and was slightly corrected upwards, but the downward trend still maintains. The first target of the correction is the level of 0.6774 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the rise to continue to the area of 0.6805 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6744. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8])-0.6683 (Murray [-1/8]). Technical indicators mostly reflect the maintenance of the downward potential, but the of upward correction is not excluded in short term. Bollinger Bands are pointed downwards. 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: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6750.

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XAU/USD: technical analysis 05.04.2019

XAUUSDH405042019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with bearish bias. The price went down below the level of middle line of Bollinger Bands (1290.00) and can fall further to the key support level of 1281.25 (Murray [4/8]). The level of 1285.50 might offer intermediate halt during the plunge to the key level of 1281.25. A significant decrease is possible after the breakdown of the level 1281.25, which can develop to the level of 1273.44 (Murray [3/8]). If the “bulls” manage to raise the rate above the level of 1291.00, the correction can continue to the area of 1294.60-1296.88 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed downwards.

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 1285.50 with the target at around 1281.25 and stop-loss 1286.50.

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AUD/USD: technical analysis 05.04.2019

AUDUSDH405042019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a positive dynamic. The instrument is now testing the resistance level of 0.7125 (Murray [4/8]). If the current trend maintains, the next target of buyers will be the area 0.7141 (Murray [4/8]) – 0.7171 (Murray [6/8]). Alternatively, pullback below 0.7110 (Murray [2/8]) could lead the price to the 0.7095 (Murray [1/8]) and 0.7080 (Murray [0/8]) level. The level of 0.7080 seem strong support as break of which can diver market to 0.7064 (Murray [-1/8]) – 0.7049 (Murray [-2/8]) support-levels. Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD is actively growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 0.7110, 0.7095, 0.7080, 0.7064, 0.7049.
Resistance levels: 0.7125, 0.7141, 0.7156, 0.7171.

Trading recommendations

Long positions can be opened above the level of 0.7125 with the target at around 0.7141-0.7171 and stop-loss 0.7108.
Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7064 and stop-loss 0.7125.

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GBP/USD: technical analysis 08.04.2019

GBPUSDH408042019-1024x576.png

Current trend

On the 4-hour chart, trading with bullish bias. GBP/USD is in the stage of upward correction after falling to the level of 1.2986. The first target of the correction is the level of 1.3122 (Murray [7/8]), which corresponds to the middle line of Bollinger Bands. This case scenario will be possible after the price is set above the level of 1.3061 (Murray [6/8]). The break of 1.3122 can accelerate the pair towards 1.3183 level (Murray [8/8]). The downward trend will be restored after the price is set below the level of 1.3000 (Murray [5/8]). In this case, the next targets of sellers will be the level of 1.2939 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards. Stochastic is pointed upwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

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

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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USD/JPY: technical analysis 08.04.2019

USDJPYH408042019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with bearish bias. On 4-hour chart, the price is approaching a support in the region of 111.32 (Murray [5/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 110.93 (Murray [4/8]). Alternatively, breakout of the level 111.54 (the middle line of Bollinger Bands) can accelerate the pair towards 111.71 (Murray [5/8]). If the price is set above the level of 111.71, the upward trend can restore, and the instrument can retest the resistance level of 112.10 (Murray [7/8]). Technical indicators reflect the moderate maintenance of the downward dynamic. Bollinger Bands are slightly leaned downwards. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 111.32, 110.93, 110.54, 110.15.
Resistance levels: 111.54, 111.71, 112.10, 112.50.

Trading recommendations

Long positions can be opened above the level of 111.52 with the target at around 111.71-12.10 and stop-loss 111.30.
Short positions can be opened below the level of 111.32 with the target at around 110.93-110.54 and stop-loss 111.55

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AUD/USD: technical analysis 08.04.2019

NZDUSDH405042019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 0.7095 (Murray [1/8]) and can fall further to the level of 0.7080 (Murray [0/8]), that is the key level for sellers in short term period. Should prices continue slipping under 0.7080, the levels of 0.7064 (Murray [-1/8]) and 0.7049 (Murray [-2/8] might try activating a upward rebound.
If the “bulls” manage to raise the rate above the level of 0.7095, the correction can continue to the area of 0.7110, which coincided with the middle line of Bollinger Bands. Additionally, pair’s sustained trading beyond the 0.7110 could set 0.7125 (Murray [3/8]) and the 0.7141 (Murray [4/8]) as next buyers target. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Stochastic’s lines are pointed downwards and are reaching the oversold area. MACD volumes are in the negative zone. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.7080, 0.7064, 0.7049, 0.7035.
Resistance levels: 0.7095, 0.7125, 0.7141, 0.7156.

Trading recommendations

Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7035 and stop-loss 0.7095.
Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7096.

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EUR/USD: technical analysis 09.04.2019

EURUSDH409042019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bullish bias. The price is now testing the resistance level of 1.1261 (Murray [1/8]), that holds the gate for its rise to 1.1291 (Murray [2/8]) resistance-line. If the “bulls” manage to raise the rate above the level of 1.1291, the rise can continue to the area of 1.1322 (Murray [3/8]), 1.1352 (Murray [4/8]). The downward trend will be restored after the price is set below the level of 1.1230 (Murray [3/8]), which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8]), 1.1169 (Murray [-2/8]). The level of 1.1169 can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Technical picture is mixed. Bollinger Bands are diverging, reflecting the active development of the current upward dynamic. Stochastic is directed downwards. MACD is slowly growing in the positive zone.

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 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247.
Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1240.

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USD/CAD: technical analysis 09.04.2019

USDCADH409042019-1024x576.png

Current trend

On 4-hour chart, the USD/CAD pair shows a negative dynamic. USD/CAD is now trading around the key support level of 1.3305 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 1.3305, which can develop to the levels of 1.3290 (Murray [-1/8]), 1.3275 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3248. If the instrument cannot consolidate below the level of 1.3305, the correction to the area of the levels of 1.3336 (Murray [2/8])-1.3351 (the middle line of Bollinger Bands) can develop. Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current trend. Stochastic’s lines are pointed sideways and are reaching the overbought area. The volumes of MACD histogram are growing in the negative zone.

Support and resistance

Support levels:1.3305, 1.3290, 1.3275, 1.3248.
Resistance levels: 1.3320, 1.3336, 1.3351, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3248 and stop-loss 1.3325.
Long positions can be opened above the level of 1.3320 with the target at around 1.3351-1.3366 and stop-loss 1.3305.

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USD/CHF: technical analysis 09.04.2019

USDCHFH409042019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bearish bias. The key target of the sellers is the level of 0.9948 (Murray [4/8]). This case scenario will be actual when the price is set below the level of 0.9979 (Murray [6/8]). Alternatively, breakout of 0.9994 can accelerate the pair towards 1.0009 (Murray [8/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current upward trend. Bollinger Bands are pointed sideways. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.9979, 0.9964, 0.9948, 0.9933.
Resistance levels: 0.9994, 1.0009, 1.0025, 1.0040.

Trading recommendations

Long positions can be opened above the level of 0.9994 with the target at around 1.0009-1.0025 and stop-loss 0.9984.
Short positions can be opened below the level of 0.9979 with the target at around 0.9964-0.9948 and stop-loss 0.9989.

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NZD/USD: technical analysis 10.04.2019

NZDUSDH410042019-1024x576.png

Current trend

NZD/USD continues to consolidate in the side narrow channel with the borders 0.6721-0.6757. One may speak about downward movement continuation after the price consolidates below the support level of 0.6741 (middle line of Bollinger Bands).In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). Should prices continue slipping under 0.6713, the levels of 0.6683 and 0.6652 might try activating a upward rebound. Alternatively, breakout of the level 0.6760 will let the price to rise to the area of 0.6805 (Murray [3/8]) -0.6835 (Murray [4/8]). Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the the negative zone. Stochastic is directed upwards.

Support and resistance

Support levels: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6750.

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XAU/USD: technical analysis 10.04.2019

XAUUSDH410042019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bearish bias. At the moment the price has met the support at the level of 1300.78 (Murray [5/8]). The breakdown of the level 1300.78 will let XAU/USD fall to the level of 1296.88 (Murray [4/8]), which is the main target of the bearish correction. At the level of 1296.88, which is the middle line of Bollinger Bands, the reversal of the price and development of the upward trend is possible. If the “bulls” manage to raise the rate above the level of 1304.69 (Murray [6/8]), the correction can continue to the area of 1308.59 (Murray [7/8]), 1312.50 (Murray [8/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions.Stochastic is pointed downwards.

Support and resistance

Support levels: 1300.78, 1296.88, 1292.97, 1289.06.
Resistance levels: 1304.69, 1308.59, 1312.50, 1316.41.

Trading recommendations

Long positions can be opened above the level of 1304.69 with the target at around 1308.59 and stop-loss 1303.60.
Short positions can be opened below the level of 1300.78 with the target at around 1296.88 and stop-loss 1301.70.

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AUD/USD: technical analysis 10.04.2019

AUDUSDH410042019-1024x576.png

Current trend

On 4-hour chart, AUD/USD is now testing the resistance level of 0.7141 (Murray [4/8]). Assuming the pair’s ability to cross 0.7141, the levels of 0.7156 (Murray [5/8]) and the 0.7171 (Murray [6/8]) can be targeted if holding long positions. Pullbacks below 0.7125 (Murray [3/8]) and holding below it will push the price to the area of 0.7110 (Murray [2/8]) -0.7080 (Murray [0/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.7125, 0.7110, 0.7095, 0.7080.
Resistance levels: 0.7141, 0.7156, 0.7171, 0.7202.

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 0.7125 with the target at around 0.7095-0.7080 and stop-loss 0.7140.

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USD/CHF: technical analysis 12.04.2019

USDCHFH412042019-1024x576.png

Current trend

On 4-hour chart, USD/CHF is correcting down after breakout of the upper line of the Bollinger Bands. The main target of the correction is the level of 1.0012, which corresponds to the middle line of Bollinger Bands. Breaking 1.0009 (Murray [4/8]) and holding below it will push the price back to 0.9994 (Murray [3/8]) – 0.9979 (Murray [2/8]) levels. The upward trend will be restored after the price is set above the level of 1.0040 (Murray [6/8]). In this case, the bulls will aim for the 1.0070 (Murray [8/8])-1.0086 (Murray [+1/8]) resistance-zone. Now the technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.0009, 0.9994, 0.9979, 0.9964.
Resistance levels: 1.0040, 1.0070, 1.0086, 1.0101.

Trading recommendations

Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0086 and stop-loss 1.0025.
Short positions can be opened below the level of 1.0009 with the target at around 0.9994-0.9964 and stop-loss 1.0024.

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USD/CAD: technical analysis 12.04.2019

USDCADH412042019-1024x576.png

Current trend

On 4-hour chart, the USD/CAD pair shows a negative dynamic due to downward correction. The price went down below the level of 1.3366 (Murray [4/8]) and can fall further to the levels of 1.3336 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. If the pair refrains to respect the 1.3336 support, the level of 1.3320 (Murray [1/8]), might offer intermediate halt during the plunge to the 1.3305 mark (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3397 (Murray [6/8]), the rise can continue to the area of 1.3412 (Murray [7/8]), 1.3427 (Murray [8/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. Stochastic’s lines are pointed downwards. The volumes of MACD histogram are decreasing in the positive zone.

Support and resistance

Support levels:1.3351, 1.3336, 1.3320, 1.3305.
Resistance levels: 1.3382, 1.3397, 1.3412, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3351 with the target at around 1.3320-1.3305 and stop-loss 1.3366.
Long positions can be opened above the level of 1.3397 with the target at around 1.3412, 1.3427 and stop-loss 1.3385.

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EUR/USD: technical analysis 12.04.2019

EURUSDH412042019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with bullish bias. At the moment the price has met the resistance at the level of 1.1291 (Murray [8/8]), that holds the gate for its rise to 1.1306 (Murray [+1/8]) and then to the 1.1322 (Murray [+2/8]) resistance-line. The area of 1.1322 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Additionally, pair’s sustained trading beyond the 1.1322 could set the area of 1.1358 level as next on buyers targets. Pullback below 1.1269 (middle line of Bollinger Bands) could lead the price to the 1.1245 (Murray [5/8]) and 1.1230 (Murray [4/8]) level. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1291, 1.1322, 1.1358.

Trading recommendations

Long positions can be opened above the level of 1.1291 with the target at around 1.1322-1.1358 and stop-loss 1.1270.
Short positions can be opened below the level of 1.1269 with the target at around 1.1230 and stop-loss 1.1285.

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NZD/USD: technical analysis 15.04.2019

NZDUSDH415042019-1024x576.png

Current trend

On 4-hour chart, NZD/USD shows a positive dynamic. The NZD/USD price is moderately growing and is now testing the resistance level of of 0.6774 (Murray [4/8]). Assuming the pair’s ability to cross 0.6774 mark, the levels of 0.6790 (Murray [5/8]) and the 0.6820 (Murray [7/8]) can be targeted if holding long positions. If NZD/USD cannot consolidate above the level of 0.6774 in short time period, the downward trend restoration and retest of the level 0.6744 (Murray [2/8]) are possible. The downward trend will be restored after the price is set below the level of 0.6744, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). Now the technical indicators reflect the moderate developing of the current upward trend. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of sell positions. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6820 and stop-loss 0.6760.

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      Learn the Secrets with the Top Trading Strategies in Forex Markets
    • By ICO ACEE
      I-NETFX is an international forex signal provider company which provides top quality forex signal alert analyse by I-NETFX top performance analysts. 
      :fire:VIP Forex Details 🔥
             🥶 1-5 Signals Per Day 
             🥶 2400 ++ Monthly Pips
             🥶 Proper TP and SL Target Given
             🥶 80% - 90% Winning Rates
             🥶 24/7 Support 💯
             🥶 E-Books Provided 
             🥶 Risk and Money Management 
             🥶 💯 % Profits Guaranteed
             As part of our I-NETFX clients, we care for you as much as your trading account. 
      Let us know if you have any questions as we will be solving all your doubts by providing 24/7 assistances that you have about the financials market join now https://t.me/inetfx
       
    • 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, latest market news, accurate signals etc. 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
      At present, Forex or foreign exchange market is the largest online trading market. Now, people are getting vastly attracted to the Forex market and choosing it as a passive profession. 
      It's human NATURE to be attracted to the best.
      In many ways, it is easy to see the attraction of the Forex market and currency trading for beginners. After all, an estimated $ 5.3 trillion traded on foreign exchanges every day, while the currency is a derivative that allows traders to profit even in market depreciation.
      Before Your join Forex trading, KEEP This In Mind… 
      The nature of Forex trading on margin means that there is the potential to lose a lot more than your initial deposit, while market volatility also creates a significant price shift in a relatively short space.
      By adhering to the dos and don'ts of Forex trading, however, you can start as a Forex trader while optimizing long-term chances of success. So, let's dive right in-
      Here are the deets…
      Do Understanding the Importance of Determinism
      The peaks and troughs of Forex trading can have a significant impact on traders, who may remain at the mercy of decisions emotive without experience or curiosity determinism. The latter allows you to understand the underlying laws governing the changes in the Forex market and make more rational decisions, particularly in relation to long-term trading.
      Do Follow a Trading Plan
      If you are going to succeed as a Forex trader, you must have a clear plan and strategy that allows you to thrive in real-time market conditions.
      And that's something you should DEFINITELY be doing.
      Many of these can be formulated as you continue to learn about the Forex market, while the use of a demo account through trading platforms like FP Markets allows you to apply this practically in a simulated environment and risk-free.
      Do Manage Your Expectations
      We touched earlier on the subject of emotive trading, which can also have an impact on you as an investor expectation. More specifically, the results of a large and successful trade can create an unrealistic perception of the market, and it is important to remember the loss that failed and command both are part and parcel of any trading experience. This is why you should always risk management measures such as stop-loss to protect your capital in the worst-case scenario.
      Do not listen to rumors
      Make no mistake; the Forex market is one of the most-watched and studied in the world, and in the era of social media it is not uncommon for a variety of rumors out during the trading day. You should try not to listen too closely to speculation that because it is much better to use news sources reliable and verified information wherever possible.
      Do not be greedy
      While greed may be a small factor in your decision to trade currencies, you do not have to let it be your master. The reason for this is simple; the excess of greed can weaken your patience and cause you to become an undisciplined investor who makes decisions based on the return potential than the survival of the trade.
      Don't take revenge on trading
      The term 'revenge trading' refers to the emotional reaction to the loss, as you can see for this chase and recover your lost capital. While it's natural to want to close you're lost as much capital as possible, it is always important to remain in the 'now' trade and execute orders based on the merit of each.
      And always remember do not rely on some unfaithful or unqualified sources for analysis and signal sort of things. Always try to use the accurate Forex trading signals because they'll help you gain profits.
      In the end, Forex trading has some certain risks but if you follow the right steps and regulation then one day you may succeed in Forex. 
      And I really hope these steps which I've highlighted in this article will be benefited to many newbies and if you've any topic in mind that you want me to cover for you then please let me know.
    • 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 or you can use some help from the expert traders such as using their signals. They are both professional and experienced as a result, they can provide you with the best Forex signals. It'll DEFINITELY improve your trading skills.  
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