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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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      Discount commission : $5.5 per lot

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


      Direct spread reduction for "Standard" account.

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

    • By searchyip77
      I Am NOT ADMIN/OWNER OF THE PROGRAM
      PLEASE READ MORE TO KNOW ABOUT BITINIK
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      That's why, a successful holding company has the ability to make key decisions in another business, engage in recruitment and cleaning of staff, up to the managerial level, gets the necessary control over the activities of its subsidiaries. In addition to minority interests in companies, holdings can own patents, real estate, hedge funds and more. The direct task of the holding company is to control its investments in the autonomous operation of assets. The effectiveness of Bitinik is a merit and a direct consequence of the coordinated work of a team of qualified professionals selected through a complex competition. Our purpose is to scale the business by increasing the number of subsidiaries and "grandchild" controlled companies in various markets.
       




       
    • By fxfarmerashik
      Dip your toe in the water Forex trading has never been easier. Now there are more and more top Forex brokers offering great deals, a strong educational infrastructure, and to attract business.
      This is great for you as a potential Forex trader, as long as you know some important things about Forex trading.
      One of the important points that you will face soon and that can be a cause of confusion for many people is the spread in Forex.
      In simple terms, this is the difference between the price at which you can buy a currency and the price at which you can sell it. This price difference allows the broker or other market makers to make a marginal profit on your trade.
      Do Forex Brokers Profit from Spread?
      The simple answer here is YES. To understand how this happens, we have to analyze the Forex trading market a little deeper:
      When placing a trade the currency you will see the presence of the two prices.
      This is the bid price and the asking price, or in simple terms, the price you have to pay to buy the currency, and the amount you will get to sell the currency. You will see little difference in this price.
      The price difference is not in many cases show a profit for your broker if they are market makers, although this is not always the case when you consider the following.
      Spread is usually very small, and it helps protect the market maker who facilitates trading, against any major change in the market between the order and the execution of your trades.
      Because almost all the top Forex brokers offer some form of free trade and free trade commission fees, deployment acts as a regional advantage only marginal for some.
      Spreading general type Maybe You See When Trading
      When you are trading Forex broker with one of the above, you may find two specific types of spreads most often.
      It is the deployment of fixed and variable spreads. Here is a brief overview of both, along with some pros and cons that some traders feel about each.
      Spreading fixed
      As suggested by the name, this type of spread offered by the broker and then remains constant for a specified period, usually in the long term. It certainly will not be changed during your trading day.
      Fixed spreads are usually offered on the most popular, the markets major currencies such as EUR / USD, USD / JPY, and many more are seen as a very stable market with only minor fluctuations and stable, consistent trading volume.
      Pro Fixed Spread
      Even in volatile markets, the spread will remain fixed. You can accurately predict and prepare for the fixed costs of trade.
      There is usually a lower capital requirement when dealing with fixed deployment. This makes it ideal for new traders.
      Fixed Spread Cons
      Although the cost of the spread will remain predictable and fixed, you may be exposed to skid. This is the price difference between when you order and when it is executed.
      Fixed spreads are usually higher than variable spread round to help provide protection against market changes.
      Variable deployment
      A variable spread again as the name suggests, is a reversal of the spread remains in the sense that it is changing and can move smoothly throughout the trading session depends on the volume and market volatility.
      The majority of the top Forex brokers will offer a variable spread mainly on market risk or less popular to see much change in the price. This includes minor currency pairs Forex, Forex trading, and commodities.
      Pro Distribution of variables
      With a variable spread, you are likely to experience slippage on your trades.
      The variable spreads can be a good guide to the current market liquidity and sentiment.
      More often than not, a variable spread is lower than a fixed spread and thus can provide a better deal.
      Variable Spreading Cons
      A little more unpredictable if you try to plan the right trading costs.
      It can change a lot in a short time depending on the market and your broker.
      Knowing and Understanding How to Manage the Spread
      This advice is especially true if you use a variable spread of your broker. There are several ways in which you can try to minimize the spread of your own for Forex trading.
      The first is to try and choose a broker that offers the best value in a spread based on what you know to be your own trading style and needs.
      If you are not sure about this then the right place to start is the Forex demo account. It is offered by the majority of brokers and equipped with a realistic simulation trading environment without risk.
      Since the market, and therefore the deployment, can change a lot based on the news, it is a very good idea to look at the economic calendar provided by your broker.
      It will let you know where the major economic event that came. From there, you can work to decide how you think the spread may be affected.
      Finally, one of the biggest key when it comes to deployment is volume. With that in mind then, chances are you'll find a lower deployment during the main trading session hours worldwide.
      This means that New York, London, Sydney, Tokyo. Outside these hours, you may see an increase in your spread.
      Which Forex Spread Type Should You Choose?
      It really depends on your trading style, though usually, if you are new to trading, a spread is recommended because it can give you an accurate closer to the cost of trade and capital requirements typically decreases.
      For an experienced trader, or certainly, if you are trading on margin, you might want to consider a variable spread to their better value for money, especially at high volume.
      Hope you find it useful. Thank You!
      Also, read : Now Trade Like A Pro Using FIX API Trading.
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    • By fxfarmerashik
      Forex trading is a learning experience. How do you tell a lot about the psychology of your trading?
      Do you trade emotionally, if you over trade when you see a favorable offer, or if you strategize a lot before the trade?
      But most importantly, how you train and monitor these things?
      That is why it is very important to make psychologically trade journals. This is the go-to weapon for the trading situation is important because it will contain your behavioral tendencies. It makes you realize the pattern of trade that you do not have to follow.
      Do not know where you'll be one of those things. But that's when your psychological trading journal will be useful. When you know your trading patterns, it helps you to stay away from people who may incur losses. So, here are some tips to maximize your trading journal:
      1) BALANCING POSITIVE AND NEGATIVE
      It is easy to write about your mistakes so you do not make them anymore. But you also have to write about the positives. For example, if strategy A and B fails, you can write in your journal. In addition, you also have to write about strategies C and D work.
      Many Forex trading site describes the different errors that traders usually do. Forex Academy is one website that not only shows the error but also tells a different way you can fix it.
      So, your journal should have two parts. The one with the negatives, which contain trading mistakes you should avoid, and secondly, the positive that talks about some of your successful trading strategies. This will help you to work on the negative and turn it into a positive future.
      2) ALWAYS HAVE THE PURPOSE OF TRADING
      Just follow your friends or fellow traders are now the way forward in Forex trading. You should always have a goal-oriented approach.
      For example, if you make a few mistakes on the first trading day, you should aim not to repeat them the next day or next week. Similarly, if you have a satisfactory ROI on your first trade, you should look to follow that strategy and get more in the second attempt.
      However, make sure that you assess the condition of the market while trading. If you are successful the first day, it does not mean the market will remain like that forever. So, keep an eye on the constantly changing market conditions.
      3) ALWAYS HAVE AN OPEN MIND
      As already mentioned, there is so much to learn from a professional Forex trading even would say that they do not have full knowledge of the market. Keeping an open mind is the best way to maximize your trading journal. Learning does not have to be limited to correcting your mistakes.
      There are many new techniques you'll find you start to trade. Do not avoid off this strategy because you trade successfully without assistance.
      Forex trading can be tough at first, but if you have a journal, hard days will be the pillars of success you soon.
      Also read: The Best Automated Trading Software of 2020
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