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GBP/USD: technical analysis 16.08.2019

GBPUSDH4160820192-1024x576.png

Current trend

On 4-hour chart, the instrument is consolidating around the level of 1.20850 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. If the sellers manage to decline the rate below the level of 1.20733, the downward movement can continue to the area of 1.20544 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.20239 (Murray [2/8]). In case the pair manage to cross the 1.20927 GBP/USD will grow to the area 1.21155 mark (Murray [5/8]), that holds the gate for its rise to 1.21338 resistance line. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.20850, 1.20733, 1.20544.
Resistance levels: 1.20927,1.21155, 1.21338.

Trading recommendations

Short positions can be opened below the level of 1.20733 with the target at around 1.20544 and stop-loss 1.20796.
Long positions can be opened above the level of 1.20927 with the target at around 1.21155 and stop-loss 1.20851.

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USD/CHF: technical analysis 19.08.2019

USDCHFH419082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a moderate positive dynamic. If the current trend maintains the next targets of buyers will be the area of resistance levels of 0.98120-0.98267 (Murray [6/8]). Pullback and pair’s sustained trading below the level of 0.97802 will let the price fall to the level of 0.97656 (Murray [4/8]). The area of 0.97656 level is coincided with the middle line of Bollinger Bands and seem a key zone for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.97436-0.97351 (Murray [3/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.97802, 0.97656, 0.97436.
Resistance levels: 0.97961, 0.98120, 0.98267, 0.98440.

Trading recommendations

Long positions can be opened above the level of 0.97961 with the target at around 0.98120 and stop-loss 0.97908.
Short positions can be opened below the level of 0.97802 with the target at around 0.97656 and stop-loss 0.97850.

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USD/CAD: technical analysis 19.08.2019

USDCADH419082019-1024x576.png

Current trend

USD/CAD is in the stage of upward correction after falling to the level of 1.32574. At the moment the price has met the resistance at the level of 1.32751 (Murray [3/8]). If the “bulls” manage to raise the rate above this level, the correction can continue to the area of 1.32916 (middle line of Bollinger Bands)-1.33057 (Murray [4/8]). The level of 1.33057 seem a strong resistance that can activate an downward rebound, while its breakout will let the price grow to the level of 1.33243. The downward trend will be restored after the price is set below the level of 1.32574. In this case, the sellers will aim for the level of 1.32446 (Murray [2/8]) support zone. The technical picture is mixed. Bollinger Bands are converging on the background of bearish dynamic. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.32574, 1.32446, 1.32286.
Resistance levels: 1.32751,1.32916, 1.33057.

Trading recommendations

Long positions can be opened above the level of 1.32751 with the target at around 1.32916 and stop-loss 1.32696.
Short positions can be opened below the level of 1.32574 with the target at around 1.32446 and stop-loss 1.32615.

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EUR/USD: technical analysis 19.08.2019

EURUSDH419082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is consoladating around the level of 1.11000, but the general downward trend is still maintained. One may speak about downward movement continuation after the price consolidates below the support level of 1.10779 (Murray [3/8]). In this case, the next targets of sellers will be the level of 1.11065. Assuming the pair’s ability to cross 1.11065 mark, the level of 1.10474 (Murray [2/8]) can be targeted if holding sell positions. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.11084 (Murray [4/8]), the correction can continue to the area of 1.11227, which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout can accelerate the pair towards 1.11389 (Murray [3/8]) level. Technical indicators maintain a sell signal. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are pointed downwards. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.10779, 1.10651,1.10474.
Resistance levels: 1.11084, 1.11227, 1.11389.

Trading recommendations

Short positions can be opened below the level of 1.10779 with the target at around 1.10651 and stop-loss 1.10821.
Long positions can be opened above the level of 1.11084 with the target at around 1.11227 and stop-loss 1.11036.

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USD/CHF: technical analysis 20.08.2019

USDCHFH420082019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bearish bias due to downward correction. If the current trend maintains, the next targets of sellers will be the level of 0.97961 (Murray [-1/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97840 (middle line of Bollinger Bands). Alternative scenario. The breakout of 0.98267 (Murray [-2/8]) level can accelerate the pair towards 0.98429-0.98680 resistance area. 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 in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.97961, 0.97840, 0.97656.
Resistance levels: 0.98163, 0.98267, 0.98429.

Trading recommendations

Long positions can be opened above the level of 0.98267 with the target at around 0.98429 and stop-loss 0.98213.
Short positions can be opened below the level of 0.97961 with the target at around 0.97840 and stop-loss 0.98001.

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NZD/USD: technical analysis 20.08.2019

NZDUSDH420082019-1024x576.png

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.64026. The main target of the correction is the level of 0.64300, which corresponds to the middle line of Bollinger Bands. The breakout of the level 0.64300 will let the price grow to the level of 0.64392 (Murray [3/8])-0.64547. If NZD/USD cannot consolidate above the level of 0.64392 during short term period, the downward movennt restoration and retest of the levels 0.64087 (Murray [2/8]), 0.64026 are possible. The general downward trend will be restored after the price is set below the level of 0.64026. In this case, the next targets of sellers will be the level of 0.63912-0.63782 (Murray [1/8]). Now the technical indicators reflect the moderate developing of the current upward correction. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.64087, 0.63912, 0.63782.
Resistance levels: 0.64300, 0.64392, 0.64547.

Trading recommendations

Long positions can be opened above the level of 0.64300 with the target at around 0.64392-0.64547 and stop-loss 0.64217.
Short positions can be opened below the level of 0.64026 with the target at around 0.63912-0.63782 and stop-loss 0.64107.

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XAU/USD: technical analysis 20.08.2019

XAUUSDH420082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. The price went down below the level of 1500.00 (Murray [4/8]) and can fall further to the level of 1492.19 that holds the gate for its fall to 1488.75, 1484.38 (Murray [3/8]) to support-line. If the “bulls” manage to raise the rate above the level of 1503.00, the correction can continue to the area of 1510.00, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1492.19, 1488.75, 1484.38.
Resistance levels: 1500.00, 1503.00, 1510.00.

Trading recommendations

Long positions can be opened above the level of 1503.00 with the target at around 1510.00 and stop-loss 1501.70.
Short positions can be opened below the level of 1492.19 with the target at around 1484.38 and stop-loss 1494.70.

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AUD/USD: technical analysis 21.08.2019

AUDUSDH421082019-1024x576.png

Current trend

AUD/USD continues to consolidate in the side channel with the borders 0.67946-0.67696. One may speak about downward movement continuation after the price consolidates below the support level of 0.67696. In this case, the next targets of sellers will be the level of 0.67444 (Murray [5/8]). If the “bulls” manage to raise the rate above the level of 0.67946, the upward movement can continue to the area of 0.68054 (Murray [7/8])-0.68177. The area of 0.68177 level seem tough resistance which can activate a downward rebound. Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.67749, 0.67696, 0.67444.
Resistance levels: 0.67946, 0.68054, 0.68177.

Trading recommendations

Short positions can be opened below the level of 0.67696 with the target at around 0.67444 and stop-loss 0.67780.
Long positions can be opened above the level of 0.67946 with the target at around 0.68054-0.68177 and stop-loss 0.67869.

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USD/JPY: technical analysis 21.08.2019

USDJPYH421082019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above its middle line of Bollinger Bands suggesting bullish momentum. The price has tested the resistance level of 106.546 and was slightly corrected downwards, but the general upward trend maintains. In case the pair manage to cross the 106.546 hurdle the next targets of buyers will be the area of levels of 106.641 (Murray [+1/8])-106.692. There is a high chance of an downward rebound, while its breakout accelerate the pair towards 106.742. The downward trend will be restored after the price is set below the level of 106.250 (Murray [8/8]). In this case, the sellers will aim for the 106.080 support zone. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 106.250, 106.154, 106.080.
Resistance levels: 106.546, 106.641, 106.742.

Trading recommendations

Long positions can be opened above the level of 106.546 with the target at around 106.641-106.742 and stop-loss 106.480.
Short positions can be opened below the level of 106.250 with the target at around 106.154-106.080 and stop-loss 106.306.

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GBP/USD: technical analysis 21.08.2019

GBPUSDH421082019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction after raising to the level of 1.21794. The first target of the correction is the level of 1.21345, which corresponds to the middle line of Bollinger Bands. Meanwhile the support level 1.21460 (Murray [6/8]) might offer intermediate halt during the plunge to corections’ target. The downward trend will be restored after the price is set below the level of 1.21345. In this case, the next targets of sellers will be the level of 1.21155 (Murray [5/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.21794, the upward dynamic can continue to the area of 1.21906, 1.22070 (Murray [8/8]). The mark of 1.22070 seem a key level for the buyers in short term period where is a high probability of a course reversal. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.21460, 1.21345, 1.21155.
Resistance levels: 1.21765, 1.21906, 1.22070.

Trading recommendations

Short positions can be opened below the level of 1.21460 with the target at around 1.21345 and stop-loss 1.21498.
Long positions can be opened above the level of 1.21794 with the target at around 1.21906 and stop-loss 1.21756.

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USD/CHF: technical analysis 22.08.2019

USDCHFH422082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 0.98302. Failure to conquer the 0.98632 mark during short term period seems fetching the USD/CHF to 0.98162-0.98017 support. The level of 0.98017 is coincided with the middle line of Bollinger Bands and seem a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97846. The upward trend will be restored after the price is set above the level of 0.98302. Pair’s sustained trading above this mark could set the levels of 0.98408, 0.98572 on buyers’ radar. 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 in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.98162, 0.98017, 0.97846.
Resistance levels: 0.98302, 0.98408, 0.98572.

Trading recommendations

Long positions can be opened above the level of 0.98302 with the target at around 0.98408-0.98572 and stop-loss 0.98212.
Short positions can be opened below the level of 0.98162 with the target at around 0.98017 and stop-loss 0.98210.

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USD/CAD: technical analysis 22.08.2019

USDCADH422082019atirox-1024x576.png

Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.33128. If the sellers manage to decline the rate below the level of 1.33057 (Murray [4/8]), the downward correction can continue to the area of 1.32818, 1.32751 (Murray [3/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33160. In this case, the buyers will aim for the level of 1.33362 (Murray [5/8]) resistance zone. The area of 1.33362-1.33451 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. 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 in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 1.33057, 1.32818, 1.32751.
Resistance levels: 1.33160, 1.33362, 1.33451.

Trading recommendations

Long positions can be opened above the level of 1.33160 with the target at around 1.33362 and stop-loss 1.33100.
Short positions can be opened below the level of 1.33057 with the target at around 1.32818 and stop-loss 1.33136.

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EUR/USD: technical analysis 22.08.2019

EURUSDH422082019atirox-1024x576.png

Current trend

On the 4-hour chart, the instrument is trading below the the middle line of Bollinger Bands, suggesting bearish momentum. If the current trend maintains, the next targets of sellers will be the support level of 1.10779 (Murray [3/8]). Assuming the pair’s ability to cross 1.10779 mark, the level of 1.10651 can be targeted if holding short positions. A significant decrease is possible after the breakout of the level 1.10651, which can develop to the levels of 1.10474 (Murray [2/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.10930 (middle line of Bollinger Bands) the correction can continue to the area of 1.11084 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.10779, 1.10651,1.10474.
Resistance levels: 1.10930, 1.11084, 1.11227.

Trading recommendations

Short positions can be opened below the level of 1.10779 with the target at around 1.10651 and stop-loss 1.10821.
Long positions can be opened above the level of 1.10930 with the target at around 1.11084 and stop-loss 1.10878.

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USD/CAD: technical analysis 23.08.2019

USDCADH423082019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price is trading above its middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains the next targets of buyers will be the level of 1.33362 (Murray [5/8])- 1.33451. The area of 1.33362-1.33451 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Alternative scenario. Pullback below the level of 1.33057 (Murray [4/8]) will be a signal for the downward movement development. In this case, the sellers will aim for the level of 1.32915-1.32876 support zone. Technical indicators reflect the moderate maintenance of the current upward trend. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.33145, 1.33057, 1.32915, 1.32751.
Resistance levels: 1.33246, 1.33362, 1.33451.

Trading recommendations

Long positions can be opened above the level of 1.33246 with the target at around 1.33362 and stop-loss 1.33207.
Short positions can be opened below the level of 1.33057 with the target at around 1.32915 and stop-loss 1.33104.

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NZD/USD: technical analysis 23.08.2019

NZDUSDH423082019-1024x576.png

Current trend

NZD/USD quotes attempted to grow, but reaching 0.63951 mark moved to a decline. If the sellers manage to decline the rate below the level of 0.63782 the downward trend will continue to the level of 0.63629. The area of 0.63629 seem tough support which can activate an upward rebound. Meanwhile pair’s sustained trading below this level will let the price fall to 0.63500 mark and more. The upward trend will be restored after the price is set above the level of 0.63990, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.64087 (Murray [4/8]). Technical indicators reflect the moderate maintenance of the current upward trend. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.63782, 0.63629, 0.63500.
Resistance levels: 0.63951, 0.64087, 0.64211.

Trading recommendations

Long positions can be opened above the level of 0.63951 with the target at around 0.64087 and stop-loss 0.63905.
Short positions can be opened below the level of 0.63782 with the target at around 0.63629 and stop-loss 0.63833.

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XAU/USD: technical analysis 23.08.2019

XAUUSDH423082019-1024x576.png

Current trend

The XAU/USDD pair begins today’s trading with slight bearish bias. If the current trend maintains, the next targets of sellers will be the level of 1492.19 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue. The breakdown and consolidation of the price below the level of 1492.19 will let XAU/USD reach the level of 1489.76. The upward trend will be restored after the price is set above the level of 1500.00 (Murray [4/8]), which is the middle line of Bollinger Bands. In this case, the next target of buyers will be the level of 1504.55. Technical indicators mostlty reflect the moderate maintenance of the current downward trend. MACD is slowly growing in the negative zone. Stochastic’s lines are pointed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 1492.19, 1489.76, 1484.38.
Resistance levels: 1500.00, 1504.55, 1507.81.

Trading recommendations

Short positions can be opened below the level of 1492.19 with the target at around 1489.76 and stop-loss 1493.00.
Long positions can be opened above the level of 1500.00 with the target at around 1504.55 and stop-loss 1498.60.

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USD/CHF: technical analysis 26.08.2019

USDCHFH426082019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The correction attempt was limited to resistance level 0.97761. If the “bulls” manage to raise the rate above the level of 0.97761, the correction can continue to the area of 0.97961 (Murray [5/8]).
Alternative scenario.
One may speak about downward movement continuation after the price consolidates below the support level of 0.97351 (Murray [3/8]). In this case, the next targets of sellers will be the level of 0.97213-0.97046 (Murray [2/8]). Technical indicators reflect the moderate maintenance of the general downward trend. Bollinger Bands are diverging, reflecting the active development of the downward dynamic. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.97351, 0.97213, 0.97046.
Resistance levels: 0.97761, 0.97961, 0.98326.

Trading recommendations

Short positions can be opened below the level of 0.97351 with the target at around 0.97213 and stop-loss 0.97397.
Long positions can be opened above the level of 0.97761 with the target at around 0.97961 and stop-loss 0.97694.

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USD/JPY: technical analysis 26.08.2019

USDJPYH426082019-1024x576.png

Current trend

USD/JPY quotes attempted to grow, but reaching 105.79 mark moved to a downward correction. At the moment the price has met the support at the level of 105.078 (Murray [5/8]). If the price is set below the level of 105.078, the downward trend can restore, and the instrument can retest the support level of 104.688 (Murray [4/8]). Alternative scenario. If the “bulls” manage to raise the rate above the level of 105.469 (Murray [6/8]), the correction can continue to the area of 105.790-105.859 (Murray [7/8]). The technical picture is mixed. Bollinger Bands diverge indicating the preservation of the general downward tendency. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.078, 104.688, 104.466.
Resistance levels: 106.469, 105.790, 105.859.

Trading recommendations

Long positions can be opened above the level of 106.469 with the target at around 105.790-105.859 and stop-loss 105.339.
Short positions can be opened below the level of 105.078 with the target at around 104.688 and stop-loss 105.208.

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EUR/USD: technical analysis 26.08.2019

EURUSDH426082019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after raising to the level of 1.11636. At the moment the price has met the support at the level of 1.11317. If the “bulls” manage to raise the rate above the level of 1.11636, the buyers will aim for the level of 1.11694 (Murray [6/8])-1.11854 resistance zone. Alternative scenario. The downward dynamic will be restored after the price is set below the level of 1.11317. In this case, the next targets of sellers will be the level of 1.11237-1.11084 (Murray [4/8]). The area of 1.11084 level seem a strong support level which can activate an upward rebound. Additionally, pair’s sustained trading below this level could be a signal for downward trend forming. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.11389, 1.11317, 1.11237, 1.11084.
Resistance levels: 1.11636, 1.11694, 1.11854.

Trading recommendations

Short positions can be opened below the level of 1.11317 with the target at around 1.11237-1.11084 and stop-loss 1.11394.
Long positions can be opened above the level of 1.11636 with the target at around 1.11694-1.11854 and stop-loss 1.11563.

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USD/CAD: technical analysis 27.08.2019

USDCADH427082019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price went down below the support level of 1.32446 (Murray [2/8]) and can fall further to the levels of 1.32281. The level of 1.32281 can prevent the instrument from falling, as the possibility of the upward rebound is high there. Assuming the pair’s ability to cross 1.32281 level, the mark of 1.32141 (Murray [1/8]) can be targeted if holding short positions. Alternative scenario. Pullback above the resistance level of 1.32446 (Murray [2/8]) will let the price to grow to the area of 1.32529. The breakout of this level can accelerate the pair towards 1.32751 (Murray [3/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 1.32344, 1.32281, 1.32141.
Resistance levels: 1.32446, 1.32529, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32446 with the target at around 1.32529 and stop-loss 1.32344.
Short positions can be opened below the level of 1.32344 with the target at around 1.32281-1.32141 and stop-loss 1.32411.

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XAU/USD: technical analysis 27.08.2019

XAUUSDH427082019-1024x576.png

Current trend

XAU/USD continues to consolidate in the narrow side channel after a significant raise over the past two trading days. If the “bulls” manage to raise the rate above the level of 1531.25 (Murray [2/8]), the upward movement can continue to the area of 1537.18, which can activate an doward rebound. The downward trend will be restored after the price is set below the level of 1526.52. In this case, the next targets of sellers will be the level of 1518.00, 1515.63 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 1526.52, 1518.00, 1515.63.
Resistance levels: 1531.25, 1537.18, 1544.09.

Trading recommendations

Short positions can be opened below the level of 1526.52 with the target at around 1518.00 and stop-loss 1528.00.
Long positions can be opened above the level of 1531.25 with the target at around 1537.18 and stop-loss 1529.00.

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NZD/USD: technical analysis 27.08.2019

NZDUSDH427082019-1024x576.png

Current trend

The NZD/USD pair begins today’s trading with slight bearish bias. The price went down below the level of 0.63782 (the middle line of Bollinger Bands) and can fall further to the levels of 0.63629 (Murray [1/8]). There is a chance of an upward correction, while its breakdown would allow the fall to continue to the level of 0.63477 (Murray [0/8]), which seem a key level for the sellers in short term period. Alternative scenario. Pullback and pair’ sustained trading above the level of 0.63782 will let the price to grow to the area of 0.63934 (Murray [3/8]). Technical indicators mostly reflect the moderate maintenance of the current downard trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.63629, 0.63477, 0.63400.
Resistance levels: 0.63782, 0.63934, 0.64087.

Trading recommendations

Short positions can be opened below the level of 0.63629 with the target at around 0.63477 and stop-loss 0.63679.
Long positions can be opened above the level of 0.63782 with the target at around 0.63934 and stop-loss 0.63731.

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AUD/USD: technical analysis 28.08.2019

AUDUSDH428082019.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 0.67444 (Murray [2/8]) and can fall further to the levels of 0.67291 (Murray [1/8]). A significant decrease is possible after the breakdown of the level 0.67291, which can develop to the levels of 0.67190, 0.67139 (Murray [0/8]). Alternative scenario. Pullback and pair’s sustained trading above the level of 0.67444 (Murray [2/8]) will let the price to grow to the area of 0.67528 the middle line of Bollinger Bands. The breakout of 0.67528 can accelerate the pair towards 0.67596 (Murray [3/8]) resistance. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging in the background of bearish momentum. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is pointed sideways.

Support and resistance

Support levels: 0.67291, 0.67190, 0.67139.
Resistance levels: 0.67444, 0.67528, 0.67596.

Trading recommendations

Short positions can be opened below the level of 0.67291 with the target at around 0.67190 – 0.67139 and stop-loss 0.67341.
Long positions can be opened above the level of 0.67444 with the target at around 0.67528-0.67596 and stop-loss 0.67393.

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USD/JPY: technical analysis 28.08.2019

USDJPYH428082019.png

Current trend

USD/JPY continues to consolidate in the side channel with the boreders 105.690-105.888. There is a slight upward dynamic but the price is still trading below middle line of Bollinger suggesting bearish momentum. If the “bulls” manage to raise the rate above the level of 105.859 (Murray [7/8]), the upward correction can continue to the area of 106.066-106.145. The key level for the buyers is the 106.250 (Murray [8/8]) mark. Hence, any attempted raise seems more likely to get sold into aggressively near the 106.250-106.413 region. If USD/JPY cannot consolidate above the level of 105.859 during short term period, the downward trend restoration and retest of the level 105.647 are possible. Should prices continue slipping under 105.647 mark, the level of 105.469 (Murray [6/8]) might try activating an upward rebound. The technical picture is mixed. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are in the negative zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 105.647, 105.469, 105.273.
Resistance levels: 105.859, 106.066, 106.145, 106.250.

Trading recommendations

Long positions can be opened above the level of 105.859 with the target at around 106.066-106.145 and stop-loss 105.763.
Short positions can be opened below the level of 105.647 with the target at around 105.469-105.273 and stop-loss 105.771.

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GBP/USD: technical analysis 28.08.2019

GBPUSDH428082019.png

Current trend

The GBP/USD pair begins today’s trading with slight bearish bias due to downward correction. The first support level for the pair is the level if of 1.22681 (Murray [+1/8]). If the sellers manage to decline the rate below this level, the correction can continue to the area of 1.22530, which coincided with the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.22375. The upward trend will be restored after the price is set above the level of 1.23091 (yesterday’s high). In this case, the next targets of sellers will be the level of 1.23291 (Murray [+2/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.22681, 1.22530, 1.22375, 1.22070.
Resistance levels: 1.23091, 1.23291, 1.23452.

Trading recommendations

Short positions can be opened below the level of 1.22681 with the target at around 1.22530-1.22375 and stop-loss 1.22783.
Long positions can be opened above the level of 1.23091 with the target at around 1.23291-1.23452 and stop-loss 1.22970.

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  • Dennis#MD changed the title to Daily Analysis by Atirox.com

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