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XAU/USD: technical analysis 23.04.2019

XAUUSDH423042019-1024x576.png

Current trend

XAU/USD quotes attempted to grow, but reaching 1279.74 mark moved to a decline. The instrument is now testing the support level of 1273.44 (Murray [3/8]). If the price is set below the level of 1273.44, the downward trend can continue, and the instrument can test the next support level of 1265.63 (Murray [2/8]). Alternatively, pullback above 1275.26 could lead the price to the level of 1281.25 (Murray [4/8]), that can restrict a further upside. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are slightly leaned downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

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 1275.00.
Long positions can be opened above the level of 1275.26 with the target at around 1281.25 and stop-loss 1273.00.

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GBP/USD: technical analysis 24.04.2019

GBPUSDH424042019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The EURUSD pair approached the key support 1.2939 (Murray [0/8]) this morning. Assuming the pair’s ability to cross 1.2939, the levels of 1.2909 (Murray [-1/8]) and the 1.2878 (Murray [-2/8]) can be targeted if holding sell positions. The area of 1.2878 level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. The upward trend will be restored after the price is set above the level of 1.2970, which is the middle line of Bollinger Bands. In this case the buyers will aim for the 1.3000 (Murray [2/8])-1.3031 (Murray [3/8]) resistance-zone. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current downwards trend. MACD volumes are decreasing in the negative zone. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.2939, 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2970, 1.3000, 1.3031, 1.3061.

Trading recommendations

Short positions can be opened below the level of 1.2939 with the target at around 1.2908-1.2878 and stop-loss 1.2960.
Long positions can be opened above the level of 1.2970 with the target at around 1.3000-1.3031 and stop-loss 1.2950.

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AUD/USD: technical analysis 24.04.2019

AUDUSDH424042019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 0.7049 (Murray [-1/8]) and can fall further to the levels of 0.7019 (Murray [-2/8]). Should prices continue slipping under 0.7019, the levels of 0.7002 and the 0.6982 might try activating a upward rebound. Pullback above 0.7049 could lead the price back to the 0.7080 and 0.7110 level. Technical indicators reflect the active maintenance of the current downward trend. Bollinger Bands are diverging. MACD is actively growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.7019, 0.7002, 0.6982, 0.6960.
Resistance levels: 0.7049, 0.7080, 0.7110, 0.7141.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.7002-0.6982 and stop-loss 0.7032.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7030

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USD/JPY: technical analysis 24.04.2019

USDJPYH424042019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bearish bias on its way to the key support line 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 111.71 in short term period, the price can reverse and retest the resistance level of 111.91 (Murray [5/8]), which coincided with the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 111.91, the correction can continue to the area of 112.02-112.10 (Murray [6/8]. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near this region. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed downwards.

Support and resistance

Support levels: 111.71, 111.52, 111.32, 111.13.
Resistance levels: 111.91, 112.10, 112.30, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.71 with the target at around 111.52-111.32 and stop-loss 111.80.
Long positions can be opened above the level of 111.91 with the target at around 112.10-112.30 and stop-loss 111.81.

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EUR/USD: technical analysis 25.04.2019

EURUSDH425042019-1024x576.png

Current trend

On the 4-hour chart, the instrument is actively falling. At the moment the price has met the support at the level of 1.1140 and was slightly corrected upwards. A significant decrease is possible after the breakdown of the level 1.1138 (Murray [5/8]), which can develop to the levels of 1.1108 (Murray [4/8]), 1.1077 (Murray [3/8]). Alternatively, pullback above 1.1169 will let the price to grow to the area of 1.1200 (Murray [3/8])-1.1230 (Murray [4/8]). 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 increasing in the negative zone. Stochastic is ready to exit the oversold zone and form a buy signal.

Support and resistance

Support levels: 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1169, 1.1200, 1.1230.

Trading recommendations

Short positions can be opened below the level of 1.1138 with the target at around 1.1108-1.1077 and stop-loss 1.1160.
Long positions can be opened above the level of 1.1169 with the target at around 1.1200-1.1230 and stop-loss 1.1150.

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USD/CAD: technical analysis 25.04.2019

USDCADH425042019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price has tested the resistance level of 1.3499 and was slightly corrected downwards, but the general upward trend maintains. If the sellers manage to declone the rate below the level of 1.3488 (Murray [6/8]), the correction can continue to the area of 1.3458 (Murray [5/8])-1.3427 (Murray [4/8]). The upward trend will be restored after the price is set above the level of 1.3499, that impedes growth to 1.3519 (Murray [7/8]), 1.3549 (Murray [8/8]) resistance-line. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards.MACD is actively growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 1.3488, 1.3458, 1.3427, 1.3397.
Resistance levels: 1.3519, 1.3549, 1.3580, 1.3610.

Trading recommendations

Short positions can be opened below the level of 1.3488 with the target at around 1.3458-1.3427 and stop-loss 1.3508.
Long positions can be opened above the level of 1.3499 with the target at around 1.3519-1.3549 and stop-loss 1.3472.

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USD/CHF: technical analysis 25.04.2019

USDCHFH425042019-1024x576.png

Current trend

The USD/CHF pair is moderately growing due to general strengthening of the us dollar. If the current trend maintains, the next targets of buyers will be the level of 1.0223 (Murray [7/8]), which can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1.0223, the levels of 1.0253 (Murray [8/8]) and the 1.0284 (Murray [+1/8]) can be targeted if holding long positions. Pullbacks below 1.0183 could lead the price to the 1.0162 (Murray [5/8]) and 1.0131 (Murray [4/8]) level. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.0192, 1.0162, 1.0131, 1.0101.
Resistance levels: 1.0223, 1.0253, 1.0284, 1.0310.

Trading recommendations

Long positions can be opened above the level of 1.0223 with the target at around 1.0253-1.0284 and stop-loss 1.0200.
Short positions can be opened below the level of 1.0192 with the target at around 1.0162-1.0131 and stop-loss 1.0210.

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NZD/USD: technical analysis 26.04.2019

NZDUSDH426042019-1-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of upward correction after falling to the level of 0.6579. The price went up above the the middle line of Bollinger Bands (0.6622 (Murray [1/8])) and can grow further to the levels of 0.6652 (Murray [2/8]) and 0.6683 (Murray [3/8]). Alternatively, breakdown of 0.6622 and holding below it will push the price back to 0.6591 (Murray [0/8]) level. The level of 0.6591 seem a tough support as break of which can diver market to 0.6561 (Murray [-1/8]) and the 0.6530 (Murray [-2/8]) support-zone. Technical indicators maintain a buy signal. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is directed upwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6652, 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be opened from the current level with the target at around 0.6652-0.6683 and stop-loss 0.6631.
Short positions can be opened below the level of 0.6622 with the target at around 0.6591-0.6561 and stop-loss 0.6640.

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XAU/USD: technical analysis 26.04.2019

XAUUSDH426042019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. The instrument is now testing the resistance level of 1281.25 (Murray [4/8]), which seem a key level for the buyers in short-term period. The breakout of 1281.25 mark can accelerate the pair towards 1289.06 (Murray [5/8]). Failure to conquer the 1281.25 level seems fetching the XAU/USD to 1274.70 support, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1274.70. In this case the sellers will aim for the 1265.63 support-zone. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards.

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

Long positions can be opened above the level of 1281.25 with the target at around 1289.06 and stop-loss 1279.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

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EUR/USD: technical analysis 26.04.2019

EURUSDH426042019-1024x576.png

Current trend

On the 4-hour chart, EUR/USD continues to consolidate in the side channel after a significant decline over the past two days. If the “bulls” manage to raise the rate above the level of 1.1138 (Murray [1/8]), the correction will continue to the area of 1.1169 (Murray [2/8]), 1.1200 (Murray [3/8]). The breakout of 1.1200 can accelerate the pair towards 1.1230 (Murray [4/8]) area, but three-days old resistance-line could restrict further rise. The downward trend will be restored after the price is set below the level of 1.1108 (Murray [0/8]), which seem a strong support as break of which can diver market to 1.1077 (Murray [-1/8]) and the 1.1047 (Murray [-2/8]) rest-points. The technical picture is mixed. Bollinger Bands are leaned downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 1.1108, 1.1077, 1.1047.
Resistance levels: 1.1138, 1.1169, 1.1200.

Trading recommendations

Short positions can be opened below the level of 1.1108 with the target at around 1.1077-1.1047 and stop-loss 1.1130.
Long positions can be opened above the level of 1.1138 with the target at around 1.1169-1.1200 and stop-loss 1.1120.

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GBP/USD: technical analysis 29.04.2019

GBPUSDH429042019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The instrument is now testing the resistance level of 1.2939 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.2939, the growth can continue to the area of 1.2970 (Murray [5/8]), 1.3000 (Murray [6/8]). If GBP/USD cannot consolidate above the level of 1.2939 ib short-term period, the downward trend restoration and retest of the level 1.2908 (Murray [3/8]) are possible. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.2878 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed sideways. Stochastic is is pointed upwards. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2939, 1.2970, 1.3000, 1.3031.

Trading recommendations

Short positions can be opened below the level of 1.2908 with the target at around 1.2878-1.2848 and stop-loss 1.2930.
Long positions can be opened above the level of 1.2939 with the target at around 1.2970-1.3000 and stop-loss 1.2920.

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USD/JPY: technical analysis 29.04.2019

USDJPYH429042019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bullish bias. The first target of the upward movement can be the level of 111.71 (Murray [4/8]), which almost corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 111.71, the correction can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Alternatively, breakdown of the level 111.52 (Murray [3/8]) will let the price to fall to the area of 111.32 (Murray [3/8])- 111.13 (Murray [2/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the general downward trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-111.13 and stop-loss 111.65.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.10 and stop-loss 111.58.

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EUR/USD: technical analysis 30.04.2019

EUR/USD: technical analysis 30.04.2019

EURUSDH430042019-1024x576.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price is approaching a strong resistance in the region of 1.1200 (Murray [3/8]). If the price is set above the level of 1.1200, the price will grow to the level of 1.1230 (Murray [4/8]) that holds the gate for its rise to 1.1261 (Murray [5/8]) resistance-line. Meanwile, any attempted recovery seems more likely to get sold into aggressively near the 1.1230-1.1260 region. Alternatively, pullbacks below 1.1169 could lead the price to the 1.1138 (Murray [2/8]) and 1.1108 (Murray [1/8]) level. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands diverge indicating the preservation of the upward tendency. MACD volumes are actively decreasing in the negative zone. Stochastic is in the overbought area and is pointed downwards, reflecting the possibility of the downward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.
Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1190.

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USD/CAD: technical analysis 30.04.2019

USDCADH430042019-1024x576.png

Current trend

USD/CAD is in the stage of upward correction after falling to the level of 1.3439, but the downward trend is still maintained. The main target of the correction is the level of 1.3470, which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue. If the “bulls” manage to raise the rate above 1.3470 level, the correction can continue to the area of 1.3488 (Murray [6/8]), 1.3519 (Murray [7/8]). The downward trend will be restored after the price is set below the level of 1.3427 (Murray [4/8]). In this case, the next targets of sellers will be the level of 1.3397 (Murray [3/8]), 1.3366 (Murray [2/8]). Technical indicators mostly keep a buy signal. MACD is growing in the positive zone. Stochastic’s lines are pointed upwards. Bollinger Bands are directed down.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3488 with the target at around 1.3519-1.3549 and stop-loss 1.3468.
Short positions can be opened below the level of 1.3427 with the target at around 1.3397- 1.3366 and stop-loss 1.3447.

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USD/CHF: technical analysis 30.04.2019

USDCHFH430042019-1024x576.png

Current trend

USD/CHF is trying to consolidate above the level of 1.0192 (Murray [6/8]), but the general downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 1.0199, the correction can continue to the area of 1.0212 (Murray [6/8]) – 1.0223 (Murray [7/8]). There is a chance of an downward rebound, while its breakout would allow the growth to continue. The downward trend will be restored after the price is set below the level of 1.0185. In this case, the next targets of sellers will be the levels of 1.0162 (Murray [5/8]) and 1.0131 (Murray [4/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. MACD volumes are decresing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.0192, 1.0162, 1.0131, 1.0101.
Resistance levels: 1.0223, 1.0253, 1.0284, 1.0310.

Trading recommendations

Long positions can be opened above the level of 1.0223 with the target at around 1.0253-1.0284 and stop-loss 1.0200.
Short positions can be opened below the level of 1.0185 with the target at around 1.0162-1.0131 and stop-loss 1.0205.

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NZD/USD: technical analysis 01.05.2019

NZDUSDH401052019-1024x576.png

Current trend

NZD/USD pair begins today’s trading with bearish bias. The pair bounced off the 0.6626 horizontal-support but is yet to cross the 0.6652 (Murray [2/8]). The main target of sellers for the short-term period will be the level of 0.6622 (Murray [1/8]). If the price is set below the level of 0.6622 (Murray [6/8]), the downward trend can restore, and the instrument can retest the support level of 0.6591 (Murray [0/8]). Alternatively, breakout 0.6664 (middle line of Bollinger Bands) will let the price grow to the level of 0.6683 (Murray [3/8])-0.6713 (Murray [4/8]). The downward trend maintains, which the technical indicators confirm. The volumes of MACD histogram are decreasing in the positive zone. Stochastic is directed downwards. Bollinger Bands are pointed sideways.

Support and resistance

Support levels: 0.6622, 0.6591, 0.6561, 0.6530.
Resistance levels: 0.6652, 0.6683, 0.6713, 0.6744.

Trading recommendations

Long positions can be above the level of 0.6664 with the target at around 0.6683-0.6713 and stop-loss 0.6647.
Short positions can be opened below the level of 0.6652 with the target at around 0.6622-0.6591 and stop-loss 0.6670.

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EUR/USD: technical analysis 01.05.2019

EURUSDH401052019-1024x576.png

Current trend

EUR/USD is in the stage of downward correction after growing to the level of 1.1228, but the upward trend is still maintained, which is confirmed by technical indicators. The first target of the correction is the level of 1.1180, which corresponds to the middle line of Bollinger Bands. The level of 1.1200 (Murray [3/8]) might offer intermediate halt during the plunge to key correction target. The upward trend will be restored after the price is set above the level of 1.1230 (Murray [4/8]). In this case the price may aim for the 1.1261 (Murray [5/8])-1.1291 (Murray [6/8]) resistance-zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is slowly 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: 1.1200, 1.1169, 1.1138, 1.1108.
Resistance levels: 1.1230, 1.1261, 1.1291, 1.1322.

Trading recommendations

Long positions can be opened above the level of 1.1230 with the target at around 1.1261-1.1291 and stop-loss 1.1210.
Short positions can be opened below the level of 1.1200 with the target at around 1.1180-1.1138 and stop-loss 1.1220.

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XAU/USD: technical analysis 01.05.2019

XAUUSDH401052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a support in the region of 1277.34 (Murray [3/8]). Assuming the pair’s ability to cross 1277.34 mark, the level of 1273.44 can be targeted if holding short positions. Should prices continue slipping under 1273.44 level, the area of 1269.53 mark might try activating a upward rebound.Alternatively, break of 1281.25 (Murray [4/8]) can accelerate the pair towards 1285.16 (Murray [5/8]. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1277.34, 1273.44, 1269.53.
Resistance levels: 1281.25, 1285.16, 1289.06, 1292.97.

Trading recommendations

Long positions can be opened above the level of 1281.25 with the target at around 1285.16 and stop-loss 1280.00.
Short positions can be opened below the level of 1277.70 with the target at around 1273.44 and stop-loss 1279.00.

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GBP/USD: technical analysis 02.05.2019

GBPUSDH402052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3061 (Murray [8/8]) and can fall further to the levels of 1.3031 (Murray [7/8]) and 1.3000 (Murray [6/8]). The level of 1.3000 seem a key level for the downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.2939 (Murray [4/8]). Alternatively, breakout of 1.3061 (Murray [8/8]) can accelerate the pair towards the area of 1.3092 (Murray [+1/8]) – 1.3122 (Murray [+2/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. 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: 1.3031, 1.3000, 1.2970, 1.2939.
Resistance levels: 1.3061, 1.3092, 1.3122.

Trading recommendations

Short positions can be opened below the level of 1.3031 with the target at around 1.3000-1.2970 and stop-loss 1.3050.
Long positions can be opened above the level of 1.3061 with the target at around 1.3092-1.3122 and stop-loss 1.3040.

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AUD/USD: technical analysis 02.05.2019

AUDUSDH402052019-1024x576.png

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias after falling to the level of 0.7006, but the downward trend is still maintained, which is confirmed by technical indicators. At the moment the price has met the support at the level of 0.7019 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 0.7006. In this case the sellers will aim for the 0.6988 (Murray [1/8]) – 0.6958 (Murray [0/8]) support-zone. If the “bulls” manage to raise the rate above the level of 0.7028, the correction can continue to the area of 0.7049 (Murray [3/8]), which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross the level of 0.7049, the mark of 0.7080 (Murray [4/8]) can be targeted if holding long positions. Technical indicators mostly reflect the maintenance of the current downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are pointed downwards. Stochastic has left the oversold area and is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 0.7019, 0.6988, 0.6958.
Resistance levels: 0.7028, 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6988-0.6958 and stop-loss 0.7039.
Long positions can be opened above the level of 0.7028 with the target at around 0.7049-0.7080 and stop-loss 0.7011.

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USD/JPY: technical analysis 02.05.2019

USDJPYH402052019-1024x576.png

Current trend

On 4-hour chart, USD/JPY shows a positive dynamic. The price went up above the level of the middle line of Bollinger Bands 111.52 (Murray [3/8]) and can grow further to the levels of 111.71 (Murray [4/8]). There is a chance of a downward rebound from the level 111.71, while its breakout would allow the growth to continue to the area of 111.91 (Murray [5/8]). Failure to conquer the 111.52 mark seems fetching the USD/JPY to 111.32 (Murray 2/8]) support but its further downside might be confined by the 111.13 (Murray 1/8]) level. The technical picture is mixed. Bollinger Bands are poited sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 111.52, 111.32, 111.13, 110.93.
Resistance levels: 111.71, 111.91, 112.10, 112.30.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.32-111.13 and stop-loss 111.65.
Long positions can be opened above the level of 111.71 with the target at around 111.91-112.10 and stop-loss 111.58.

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EUR/USD: technical analysis 03.05.2019

EURUSDH403052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling down along the liwer line of the Bollinger Bands. The instrument is now testing the support level of 1.1169 (Murray [6/8]). If the price is set below this level, the downward trend can restore, and the instrument can test the support level of 1.1138 (Murray [5/8])-1.1108 (Murray [4/8]). Alternatively, breakout of 1.1200 (Murray [7/8]) will let the price to grow to the area of 1.1230 (Murray [8/8]) but its further upside might be confined by the 1.1261 (Murray [+1/8]) mark. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is in the oversold area and is poited upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1189.
Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.

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USD/CAD: technical analysis 03.05.2019

USDCADH403052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 1.3458 (Murray [5/8]) and can grow further to the level of 1.3488 (Murray [6/8]). The area of 1.3488-1.3519 (Murray [7/8]) can prevent the instrument form growing, as the possibility of the reverse of the price is high there. If the price is set below the level of 1.3458 (Murray [5/8]), the next target of sellers will the level of 1.3427 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3427. In this case, the sellers will aim for the 1.3397 (Murray [3/8])-1.3366 (Murray [2/8]) support zone. The technical picture is mixed. MACD is growing in the positive zone.Bollinger Bands are pointed sideways. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3474 with the target at around 1.3488-1.3519 and stop-loss 1.3457.
Short positions can be opened below the level of 1.3458 with the target at around 1.3427-1.3397 and stop-loss 1.3478.

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GBP/USD: technical analysis 06.05.2019

GBPUSDH406052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3122 (Murray [7/8]) and can fall further to the levels of 1.3061 (Murray [6/8]), which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3061. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Alternatively, breakout of 1.3149 can accelerate the pair towards the area of 1.3183 (Murray [8/8]). The level of 1.3183 seem a tough resistance as break of which can accelerate the pair towards the level of 1.3244 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly 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: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3149, 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 3244 and stop-loss 1.3163.

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GBP/USD: technical analysis 06.05.2019

GBPUSDH406052019-1024x576.png

Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3122 (Murray [7/8]) and can fall further to the levels of 1.3061 (Murray [6/8]), which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3061. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Alternatively, breakout of 1.3149 can accelerate the pair towards the area of 1.3183 (Murray [8/8]). The level of 1.3183 seem a tough resistance as break of which can accelerate the pair towards the level of 1.3244 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly 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: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3149, 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 3244 and stop-loss 1.3163.

USD/JPY: technical analysis 06.05.2019

USDJPYH406052019-1024x576.png

Current trend

USD/JPY is in the stage of upward correction after falling to the level of 110.27. The first target of the correction is the level of 111.32 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. The level of 110.93 (Murray [4/8]) might offer intermediate resistance during the raise to 111.32 mark. Pullback below the level of 110.54 (Murray [3/8]) could lead the price back to the 110.27 mark. A significant decrease is possible after the breakdown of the level 110.15 (Murray [2/8]), which can develop to the levels of 109.76 (Murray [1/8])-109.37 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are poited 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: 110.54, 110.15, 109.76, 109.37.
Resistance levels: 110.93, 111.32, 111.71.

Trading recommendations

Short positions can be opened below the level of 110.54 with the target at around 110.15 and stop-loss 110.67.
Long positions can be opened above the level of 110.93 with the target at around 111.32 and stop-loss 110.80.

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

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