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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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XAU/USD: technical analysis 15.04.2019

XAUUSDH415042019-1024x576.png

Current trend

On 4-hour chart, the instrument is falling down from the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of sellers will be the level of 1281.25 (Murray [0/8]). The 1285.16 (Murray [1/8]) level might offer intermediate halt during the plunge to 1281.25 mark. If the “bulls” manage to raise the rate above the level of 1292.97 (Murray [3/8]), the correction can continue to the area of 1296.88 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are leaned downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1289.06, 1285.16, 1281.25, 1277.34.
Resistance levels: 1292.97, 1296.88, 1300.78.

Trading recommendations

Short positions can be opened below the level of 1289.09 with the target at around 1285.16-1281.25 and stop-loss 1291.10.
Long positions can be opened above the level of 1292.97 with the target at around 1296.88 and stop-loss 1291.60.

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EUR/USD: technical analysis 15.04.2019

EURUSDH415042019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bullish bias. The price has tested the resistance level of 1.1314 and was slightly corrected downwards, but the general upwarsd trend maintains. The upward trend will be restored after the price is set above the level of 1.1322 (Murray [3/8]). In this case the buyers will aim for the 1.1352 (Murray [4/8])-1.1383 (Murray [5/8]) resistance-zone. Pullbacks below 1.1282 could lead the price to the 1.1261 (Murray [1/8])-1.1230 (Murray [0/8]) area. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is in the positive zone. Stochastic’s lines are pointed downwards. Meanwhile, the price has broken the upper border of Bollinger Bands, the downward correction is not excluded.

Support and resistance

Support levels: 1.1291, 1.1261, 1.1230, 1.1200.
Resistance levels: 1.1322, 1.1352, 1.1383, 1.1413.

Trading recommendations

Long positions can be opened above the level of 1.1322 with the target at around 1.1352-1.1383 and stop-loss 1.1300.
Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1230 and stop-loss 1.1310.

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GBP/USD: technical analysis 16.04.2019

GBPUSDH416042019-1024x576.png

Current trend

On the 4-hour chart, GBP/USD is moderately slipping. At the moment the price has met the support at the level of 1.3092 (Murray [5/8]), which coincided with the middle line of Bollinger Bands. The breakdown of this level will let GBP/USD fall to the level of 1.3061 (Murray [4/8]). The area of 1.3061 level seem the key support as break of which can diver market to 1.3031-1.3000 rest-points. The upward trend will be restored after the price is set above the level of 1.3122 (Murray [7/8]). In this case, the level of 1.3183 (Murray [8/8]) can be targeted if holding long positions. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochacti are slightly leaned downwards. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels:n 1.3092, 1.3061, 1.3031, 1.3000.
Resistance levels: 1.3122, 1.3153, 1.3183, 1.3214.

Trading recommendations

Short positions can be opened below the level of 1.3092 with the target at around 1.3061-1.3031 and stop-loss 1.3110.
Long positions can be opened above the level of 1.3122 with the target at around 1.3153-1.3183 and stop-loss 1.3100.

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USD/JPY: technical analysis 16.04.2019

USDJPYH416042019-1024x576.png

Current trend

USD against the Japanese yen continues to consolidate in the side channel after a significant rise over the last week. USD/JPY begins today’s trading with slight bearish bias. The first target for the sellers is the level of 111.71 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. One may speak about downward movement continuation after the price consolidates below this level. In this case, the next targets of sellers will be the area of 111.52 (Murray [3/8])-111.13 (Murray [2/8]). If the price cannot consolidate above the level of 111.71, the price can reverse and retest the support level of 112.10 (Murray [6/8]), that holds the gate for its rise to 112.30 (Murray [7/8]) and then to the 112.50 (Murray [8/8]) resistance-line. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic is directed downwards.

Support and resistance

Support levels: 111.91, 111.52, 111.13.
Resistance levels: 112.10, 112.30, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.91 with the target at around 111.52 and stop-loss 112.04.
Long positions can be opened above the level of 112.10 with the target at around 112.30-112.50 and stop-loss 115.95.

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NZD/USD: technical analysis 18.04.2019

NZDUSDH418042019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is moderately slipping. The instrument is now testing the level of 0.6713 (Murray [4/8]), which seem a key level for the sellers in short term period. Should prices continue slipping under 0.6698, the levels of 0.6683 (Murray [2/8]) and the 0.6668 (Murray [1/8]) might try activating a upward rebound. A significant decrease is possible after the breakout of the level 0.6668, which can develop to the levels of 0.6652 (Murray [0/8]), 0.6637 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.6744, the rise can continue to the area of 0.6774 (Murray [8/8]). Now the technical indicators reflect the moderate developing of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 0.6713, 0.6683, 0.6652, 0.6637.
Resistance levels: 0.6729, 0.6744, 0.6759, 0.6774.

Trading recommendations

Short positions can be opened below the level of 0.6713 with the target at around 0.6683-0.6652 and stop-loss 0.6763.
Long positions can be opened above the level of 0.6729 with the target at around 0.6744-0.6774 and stop-loss 0.6714.

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XAU/USD: technical analysis 18.04.2019

XAUUSDH418042019-1024x576.png

Current trend

On 4-hour chart, the instrument is falling down along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went down below the level of 1273.44 (Murray [3/8]) and can fall further to the levels of 1265.63 (Murray [2/8]). Alternatively, pullback above 1273.44 could lead the price to the level of 1281.25 (Murray [4/8]), that could potentially be the main target of short term correction. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are leaned downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed downwards.

Support and resistance

Support levels: 1273.44, 1265.63, 1257.81, 1250.00.
Resistance levels: 1281.25, 1289.06, 1296.88, 1304.69.

Trading recommendations

Short positions can be opened below the level of 1273.44 with the target at around 1265.63 and stop-loss 12975.00.
Long positions can be opened above the level of 1273.44 with the target at around 1281.25 and stop-loss 1271.00.

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USD/CHF: technical analysis 18.04.2019

USDCHFH418042019-1024x576.png

Current trend

USD/CHF is in the stage of downward correction after rising to the level of 1.0109, but the general upward trend is still maintained, which is confirmed by technical indicators. The main target of the correction is the area of 1.0070 (Murray [1/8]) – 1.0064, which corresponds to the middle line of Bollinger Bands. If the pair refrains to respect the 1.0064 support, the downward dynamic can develop. In this case, the next targets of sellers will be the level of 1.0040 (Murray [1/8]). Alternatively, break of 1.0109 can accelerate the pair towards 1.0131 (Murray [4/8])-1.0162 (Murray [5/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.0070, 1.0040, 1.0009, 0.9979.
Resistance levels: 1.0109, 1.0131, 1.0162, 1.0190.

Trading recommendations

Long positions can be opened above the level of 1.0109 with the target at around 1.0131-1.0162 and stop-loss 1.0090.
Short positions can be opened below the level of 1.0090 with the target at around 1.0070-1.0040 and stop-loss 1.0107.

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GBP/USD: technical analysis 19.04.2019

GBPUSDH419042019-1024x576.png

Current trend

On 4-hour chart, GBP/USD is correcting up from the lower line of the Bollinger Bands. The pair bounced off the 1.2977 horizontal-support but is yet to cross the 1.3000 (Murray [0/8]) resistance that impedes growth to 1.3031 (Murray [2/8]). The level of 1.3031 seem a key level of an upward correction. There is a chance of an downward rebound, while its breakout would allow the rise to continue. The downward trend will be restored after the price is set below the level of 1.2970 (Murray [-2/8]). In this case, the next targets of sellers will be the area of 1.2945-1.2915. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic has left the overold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.2970, 1.2945, 1.2915.
Resistance levels: 1.3000, 1.3031, 1.3061.

Trading recommendations

Short positions can be opened below the level of 1.2970 with the target at around 1.2945-1.2915 and stop-loss 1.2988.
Long positions can be opened above the level of 1.3000 with the target at around 1.3031-1.3061 and stop-loss 1.2980.

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AUD/USD: technical analysis 19.04.2019

AUDUSDH419042019-1024x576.png

Current trend

AUD/USD is in the stage of upward correction after falling to the level of 0.7135, but the downward trend is still maintained, which is confirmed by technical indicators. The first target of the correction is the level of 0.7163, which corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above this level, the correction can continue to the area of 0.7186 (Murray [7/8]) -0.7202 (Murray [8/8]). Failure to conquer the 0.7163 mark seems fetching the AUDUSD to 0.7141 (Murray [4/8]) support, but its further downside might be confined by the levels 0.7125 (Murray [3/8])-0.7110 (Murray [2/8]) . Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term.Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic has left the overold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.7141, 0.7125, 0.7110, 0.7095.
Resistance levels: 0.7163, 0.7186, 0.7202, 0.7232.

Trading recommendations

Short positions can be opened below the level of 0.7141 with the target at around 0.7125-0.7110 and stop-loss 0.7158.
Long positions can be opened above the level of 0.7163 with the target at around 0.7186-0.7202 and stop-loss 0.7143.

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USD/JPY: technical analysis 19.04.2019

USDJPYH419042019-1024x576.png

Current trend

USD/JPY pair continues to consolidate in the side channel after. Today we can see a slight bearish bias. The price trying to consolidate below the level of 111.88, that holds the gate for its downside to the level of 111.71 (Murray [4/8]). The downward trend will be restored after the price is set below this level. In this case, the next targets of sellers will be the area of 111.52 (Murray [3/8])-111.32 (Murray [2/8]). If USD/JPY cannot consolidate below the level of 111.88, the price can reverse and retest the resistance level of 112.10 (Murray [6/8]). The breakout of the level 112.10 will let the price grow to the level of 112.30 (Murray [7/8])-112.50 (Murray [8/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is directed downwards.

Support and resistance

Support levels: 111.91, 111.71, 111.52, 111.32.
Resistance levels: 112.10, 112.30, 112.50, 112.69.

Trading recommendations

Short positions can be opened below the level of 111.88 with the target at around 111.52-111.32 and stop-loss 112.06.
Long positions can be opened above the level of 112.10 with the target at around 112.50-112.69 and stop-loss 111.90.

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EUR/USD: technical analysis 22.04.2019

EURUSDH422042019-1024x576.png

Current trend

EUR/USD is in the stage of upward correction , but the downward trend is still maintained, which is confirmed by technical indicators. The pair bounced off the 1.1230 (Murray [0/8]) horizontal-support but is yet to consolidate above the 1.1245 (Murray [1/8]) resistance that impedes growth to 1.1261 (Murray [2/8]) resistance-line. If the “bulls” manage to raise the rate above the level of 1.1261, the correction can continue to the area of 1.1291 (Murray [4/8]), 1.1306 (Murray [5/8]). The downward trend will be restored after the price is set below the level of 1.1230. In this case, the next targets of sellers will be the area of levels 1.1200 (Murray [-2/8])-1.1183 . Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1182, 1.1150.
Resistance levels: 1.1245, 1.1276, 1.1291, 1.1306.

Trading recommendations

Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1306 and stop-loss 1.1240.
Short positions can be opened below the level of 1.1230 with the target at around 1.1200-1.1182 and stop-loss 1.1247

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USD/CAD: technical analysis 22.04.2019

USDCADH422042019-1024x576.png

Current trend

On 4-hour chart, USD/CAD is correcting down from the level of 1.3392. The instrument is now testing the level of 1.3359, which coincided with the middle line of Bollinger Bands. Breakdown of this level will let the price to fall to the area of 1.3336 (Murray [5/8])-1.3305 (Murray [4/8]). Alternatively, breakout of 1.3392 can accelerate the pair towards 1.3427 (Murray [8/8]). Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1.3397 (Murray [7/8]) region. Technical indicators reflect the moderate maintenance of the current downward trend. 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: 1.3359, 1.1336, 1.3305, 1.3275.
Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458.

Trading recommendations

Short positions can be opened below the level of 1.3360 with the target at around 1.3305 and stop-loss 1.3378.
Long positions can be opened above the level of 1.3366 with the target at around 1.3397-1.3427 and stop-loss 1.3340.

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USD/CHF: technical analysis 22.04.2019

USDCHFH422042019-1024x576.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. If the current trend maintains, the next targets of buyers will be the level of 1.0162 (Murray [5/8]). The area of 1.0162 level can prevent the instrument form growing, as the possibility of the reverse of the price is high there. One may speak about downward movement continuation after the price consolidates below the support level of 1.0131 (Murray [4/8]). In this case, the next targets of sellers will be the levels of 1.0101 (Murray [3/8]), 1.0070 (Murray [2/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the negative zone. Stochastic has left the overbought area and is pointed upwards.

Support and resistance

Support levels: 1.0131, 1.0101, 1.0070, 1.0040.
Resistance levels: 1.0162, 1.0190, 1.0210.

Trading recommendations

Long positions can be opened above the level of 1.0162 with the target at around 1.0190-1.0210 and stop-loss 1.0134.
Short positions can be opened below the level of 1.0131 with the target at around 1.0101-1.0070 and stop-loss 1.0150.

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NZD/USD: technical analysis 23.04.2019

NZDUSDH423042019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is falling down along the lower line of the Bollinger Bands. The instrument is now testing the level of 0.6668 (Murray [1/8]). The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of sellers will be the level of 0.6652 (Murray [0/8]). Assuming the pair’s ability to cross 0.6652, the level of 0.6622 can be targeted if holding short positions. The upward movement will be restored after the price is set above the level of 0.6683 (Murray [2/8]), which is the middle line of Bollinger Bands. In this case, the raise can continue to the area of 0.6698 (Murray [3/8])-0.6713 (Murray [4/8]). Now the technical indicators reflect the moderate developing of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 0.6668, 0.6652, 0.6637, 0.6622.
Resistance levels: 0.6683, 0.6698, 0.6713, 0.6729.

Trading recommendations

Short positions can be opened below the level of 0.6668 with the target at around 0.6637-0.6622 and stop-loss 0.6684.
Long positions can be opened above the level of 0.6683 with the target at around 0.6698-0.6713 and stop-loss 0.6673.

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USD/CAD: technical analysis 23.04.2019

USDCADH423042019-1024x576.png

Current trend

On 4-hour chart, USD/CAD is correcting down from the level of 1.3392. The instrument is now testing the level of 1.3359, which coincided with the middle line of Bollinger Bands. Breakdown of this level will let the price to fall to the area of 1.3336 (Murray [5/8])-1.3305 (Murray [4/8]). Alternatively, breakout of 1.3392 can accelerate the pair towards 1.3427 (Murray [8/8]). Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1.3397 (Murray [7/8]) region. Technical indicators reflect the moderate maintenance of the current downward trend. 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: 1.3359, 1.1336, 1.3305, 1.3275.
Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458.

Trading recommendations

Short positions can be opened below the level of 1.3360 with the target at around 1.3305 and stop-loss 1.3378.
Long positions can be opened above the level of 1.3366 with the target at around 1.3397-1.3427 and stop-loss 1.3340.

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

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