Andy.atx Posted May 29, 2019 Share Posted May 29, 2019 USD/CHF: technical analysis 29.05.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a support in the region of 1.0055 (Murray [3/8]). Assuming the pair’s ability to cross 1.0055 mark, the levels 1.0040 (Murray [2/8])-1.0009 (Murray [0/8]) can be targeted if holding short positions. Alternatively, breakout of 1.0070 (Murray [4/8]) can accelerate the pair towards 1.0086 (Murray [5/8])-1.0116 (Murray [7/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is pointed downwards. Support and resistance Support levels: 1.0055, 1.0040, 1.0025, 1.0009. Resistance levels: 1.0070, 1.0086, 1.0101, 1.0116. Trading recommendations Short positions can be opened below the level of 1.0055 with the target at around 1.0025, 1.0009 and stop-loss 1.0070. Long positions can be opened above the level of 1.0070 with the target at around 1.0086-1.0101 and stop-loss 1.0060. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 29, 2019 Share Posted May 29, 2019 EUR/USD: technical analysis 29.05.2019 Current trend On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. Now the EUR/USD pair is trading below strong support level of 1.1169 (Murray [4/8]) and may aim for the 1.1154 (Murray [3/8])-1.1138 (Murray [2/8]) support-zone. Should prices continue slipping under 1.1138, the levels of 1.1123 and the 1.1108 might try activating a upward rebound. If the “bulls” manage to raise the rate above the level of 1.1184 (the middle line of Bollinger Bands), the correction can continue to the area of 1.1200 (Murray [6/8])-1.1215 (Murray [7/8]). 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 downward dynamic. MACD is slowly growing in the hegative 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: 1.1154, 1.1138, 1.1123, 1.1108. Resistance levels: 1.1169, 1.1184, 1.1200, 1.1215. Trading recommendations Short positions can be opened below the level of 1.1154 with the target at around 1.1138-1.1123 and stop-loss 1.1164. Long positions can be opened above the level of 1.1184 with the target at around 1.1200-1.1215 and stop-loss 1.1174. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 29, 2019 Share Posted May 29, 2019 USD/CAD: technical analysis 29.05.2019 Current trend On 4-hour chart, USD/CAD is in the stage of downward correction after growing to the level of 1.3498. The first target of the correction is the level of 1.3458 (Murray [5/8]), which corresponds to 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 1.3427 (Murray [4/8]). The upward trend will be restored after the price is set above the level of 1.3498. Pair’s sustained trading above this level could set up the levels of 1.3519 (Murray [7/8])-1.3549 (Murray [8/8]) on buyers’ radar. Technical picture is mixed. Bollinger Bands are diverging, reflecting the active development of the upward trend. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. 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. Trading recommendations Long positions can be opened above the level of 1.3498 with the target at around 1.3519-1.3549 and stop-loss 1.3481. Short positions can be opened below the level of 1.3474 with the target at around 1.3458-1.3427 and stop-loss 1.3491. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 30, 2019 Share Posted May 30, 2019 GBP/USD: technical analysis 30.05.2019 Current trend The GBP/USD pair begins today’s trading with slight bullish bias due to upward correcton. The main target of the correction is the level of 1.2657, which corresponds to the middle line of Bollinger Bands. If the price is set above the level of 1.2657, the upward trend can restore, and the instrument can retest the resistance level of 1.2695 (Murray [0/8]). The downward trend will be restored after the price is set below the level of 1.2610. In this case, the next targets of sellers will be the level of 1.2573 (Murray [-2/8]), that might try activating a upward rebound. A significant decrease is possible after the breakdown of the level 1.2573, which can develop to the levels of 1.2524, 1.2504. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards. Support and resistance Support levels: 1.2610, 1.2573, 1.2524, 1.2504. Resistance levels: 1.2657, 1.2695, 1.2756. Trading recommendations Short positions can be opened below the level of 1.2610 with the target at around 1.2573 and stop-loss 1.2623. Long positions can be opened above the level of 1.2657 with the target at around 1.2695 and stop-loss 1.2644. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 30, 2019 Share Posted May 30, 2019 USD/JPY: technical analysis 30.05.2019 Current trend On 4-hour chart, USD/JPY shows a positive dynamic. Now the pair is approaching a resistance in the region of 109.76 (Murray [2/8]). Assuming the pair’s ability to cross 109.76 mark, the area of levels 109.96 (Murray [3/8])-110.15 (Murray [4/8]) can be targeted if holding long positions. Failure to conquer the 109.76 mark is short term period seems fetching the USD/JPY to 109.44 support zone, which is the middle line of Bollinger Bands. The breakdown of the level 109.44 will let USD/JPy fall to the level of 109.37 (Murray [0/8])-109.18 (Murray [-1/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD is actively decreasong in the negative zone. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 109.57, 109.37, 109.18, 108.98. Resistance levels: 109.76, 109.96, 110.15, 110.35. Trading recommendations Long positions can be opened above the level of 109.76 with the target at around 109.96-110.15 and stop-loss 109.63. Short positions can be opened below the level of 109.57 with the target at around 109.37-109.18 and stop-loss 109.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 30, 2019 Share Posted May 30, 2019 AUD/USD: technical analysis 30.05.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. The price has tested the resistance level of 0.6935 (Murray [+1/8]) and was slightly corrected downwards, but the upward trend still maintains. The breakout of 0.6935 can accelerate the pair towards 0.6942 (Murray [+2/8]). There is a high chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.6960. Alternatively, pullback below the level of 0.6927 (Murray [8/8]) could lead the price to the 0.6919 (Murray [7/8]) and 0.6912 (Murray [6/8]) level. Additionally, pair’s sustained trading below the level of 0.6912 could set the level of 0.6897 (Murray [4/8])as next sellers targets. Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are pointed sideways. 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: 0.6927, 0.6912, 0.6897. Resistance levels: 0.6935, 0.6942, 0.6960. Trading recommendations Short positions can be opened below the level of 0.6927 with the target at around 0.6912-0.6897 and stop-loss 0.6937. Long positions can be opened above the level of 0.6935 with the target at around 0.6942-0.6960 and stop-loss 0.6924. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 31, 2019 Share Posted May 31, 2019 XAU/USD: technical analysis 31.05.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 1292.97 (Murray [7/8]). The breakout and consolidation of the price abive the level of 1292.97 will let XAU/USD reach the level of 1296.88 (Murray [8/8]). The level of 1296.88 seem a key level for the buyers in short term period. Breakout and pair’s sustained trading above the level of 1296.88 can accelerate the pair towards 1300.78 (Murray [+1/8]), but this area can restrict further rise. If the sellers manage to decline the rate below the level of 1289.06 (Murray [6/8]), the downward correction can continue to the area of 1285.15 (Murray [5/8]). Technical indicators reflect the maintenance of the current upward trend. Bollinger Bands are diverging, reflecting the active development of the upward dynamic. MACD is growing in the positive zone. Stochastic is in the positive zone and is pointed upwards. Support and resistance Support levels: 1289.06, 1285.16, 1281.25. Resistance levels: 1292.97, 1296.88, 1300.78. Trading recommendations Short positions can be opened below the level of 1289.06 with the target at around 1285.16 and stop-loss 1290.30. Long positions can be opened above the level of 1292.97 with the target at around 1296.88 and stop-loss 1292.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 31, 2019 Share Posted May 31, 2019 NZD/USD: technical analysis 31.05.2019 Current trend The price has tested the support level of 0.6494 and was slightly corrected upwards, but the downward trend still maintains. If the “bulls” manage to raise the rate above the level of 0.6515 (Murray [3/8]), the correction can continue to the area of 0.6530 (Murray [4/8]), which is the key target of upward correction. There is a high chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.6546 (Murray [5/8]). The downward trend will be restored after the price is set below the level of 0.6500 (Murray [2/8]). In this case, the next targets of sellers will be the level of 0.6485 (Murray [1/8])-0.6469 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the downward dynamic. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards. Support and resistance Support levels: 0.6500, 0.6485, 0.6469. Resistance levels: 0.6515, 0.6530, 0.6546. Trading recommendations Long positions can be above the level of 0.6515 with the target at around 0.6530-0.6546 and stop-loss 0.6505. Short positions can be opened below the level of 0.6500 with the target at around 0.6485-0.6469 and stop-loss 0.6510. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 31, 2019 Share Posted May 31, 2019 USD/CAD: technical analysis 31.05.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic on its way to the key resistance line 1.3549 (Murray [8/8]). Breaking of 1.3549 and holding above it will let the price to raise to the area of 1.3580 (Murray [+1/8])-1.3610 (Murray [+2/8]). The area of 1.3580-1.3610 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Alternatively, pullback below the level of 1.3519 (Murray [7/8]) could lead the price back to the 1.3488 (Murray [6/8]) level, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 1.3519, 1.3488, 1.3458. Resistance levels: 1.3549, 1.3580, 1.3610. Trading recommendations Long positions can be opened above the level of 1.3549 with the target at around 1.3580 and stop-loss 1.3540. Short positions can be opened below the level of 1.3519 with the target at around 1.3488 and stop-loss 1.3540. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 10, 2019 Share Posted June 10, 2019 GBP/USD: technical analysis 10.06.2019 Current trend The GBP/USD pair begins today’s trading with slight bearish bias. At the moment the price has met the support at the level of 1.2706, which coincided with the middle line of Bollinger Bands. If the price is set below the level of 1.2706, the downward trend can restore, and the instrument can retest the support level of 1.2695 (Murray [4/8])-1.2664 (Murray [4/8]). Alternatively, breakout of 1.2725 (Murray [5/8]) can accelerate the pair towards 1.2756 (Murray [5/8]), where is a high chance of price reverse. The upward trend will be restored after the price is set below the level of 1.2756. In this case, the buyers will aim for the level of 1.2786 (Murray [7/8])-1.2817 (Murray [8/8]) resistance zone. Technical indicators maintain a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the positive zone. Support and resistance Support levels: 1.2695, 1.2664, 1.2634, 1.2603. Resistance levels: 1.2725, 1.2756, 1.2786, 1.2817. Trading recommendations Short positions can be opened below the level of 1.2695 with the target at around 1.2664 and stop-loss 1.2705. Long positions can be opened above the level of 1.2725 with the target at around 1.2756 and stop-loss 1.2715. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 10, 2019 Share Posted June 10, 2019 USD/JPY: technical analysis 10.06.2019 Current trend On 4-hour chart, USD/JPY shows a positive dynamic. The price went up above the level of 108.59 (Murray [6/8]) and can grow further to the levels of 108.98 (Murray [7/8]). However, overbought Stochastic could challenge the pair’s upside. Assuming the pair’s ability to cross 108.98 mark, the level of 109.37 (Murray [8/8]) can be targeted if holding long positions. Alternatively, pullback below the level of 108.59 could lead the price back toc area of levels 108.27-108.20, which coincided with the middle line of Bollinger Bands. Technical indicators mostly reflect the moderate maintenance of the current upward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is poined upwards. Support and resistance Support levels: 108.59, 108.20, 107.81. Resistance levels: 108.98, 109.37, 109.76. Trading recommendations Short positions can be opened below the level of 108.59 with the target at around 108.20 and stop-loss 108.79. Long positions can be opened above the level of 108.80 with the target at around 108.98-109.37 and stop-loss 108.60. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 10, 2019 Share Posted June 10, 2019 AUD/USD: technical analysis 10.06.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The price is approaching a strong support in the region of 0.6958 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6942 (Murray [3/8])-0.6927 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.6973 (Murray [5/8]),the correction can continue to the area of 0.6988 (Murray [6/8])-0.7003 (Murray [7/8]). Technical indicators maintain a sell signal. Bollinger Bands are directed down. MACD volumes are actively decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.6958, 0.6927, 0.6912, 0.6897. Resistance levels: 0.6973, 0.6988, 0.7003, 0.7019. Trading recommendations Short positions can be opened below the level of 0.6958 with the target at around 0.6927 and stop-loss 0.6968. Long positions can be opened above the level of 0.6973 with the target at around 0.7003 and stop-loss 0.6963. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2019 Share Posted June 11, 2019 USD/CAD: technical analysis 11.06.2019 Current trend On 4-hour chart, USD/CAD shows a moderate negative dynamic. The instrument is now testing the support level of 1.3259. If the current trend maintains, the next targets of sellers will be the level of 1.3244 (Murray [1/8]). The level of 1.3244 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3183 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3280, the correction can continue to the area of 1.3305 (Murray [2/8]), that holds the gate for its rise to 1.3366 (Murray [3/8]) resistance-line. Technical indicators mostly reflect the maintenance of the downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Support and resistance Support levels: 1.3244, 1.3183, 1.3122. Resistance levels: 1.3280, 1.3305, 1.3366. Trading recommendations Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3264. Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3285. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2019 Share Posted June 11, 2019 NZD/USD: technical analysis 11.06.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The instrument is now testing the support level of 0.6591 (Murray [4/8]). Assuming the pair’s ability to cross 0.6591 mark, the level of 0.6561 can be targeted if holding short positions. The upward trend will be restored after the price is set above the level of 0.6622 (Murray [5/8]), which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.6652 (Murray [6/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is in the oversold zone and is pointed downwards. Support and resistance Support levels: 0.6591, 0.6561, 0.6530. Resistance levels: 0.6622, 0.6652, 0.6683. Trading recommendations Short positions can be opened below the level of 0.6591 with the target at around 0.6561 and stop-loss 0.6601. Long positions can be above the level of 0.6622 with the target at around 0.6652 and stop-loss 0.6612. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 11, 2019 Share Posted June 11, 2019 XAU/USD: technical analysis 11.06.2019 Current trend XAU/USD continues to consolidate in the side channel with the borders 1330.00-1325.21 due to low trading activity. A significant decrease is possible after the breakdown of the level 1325.21, which can develop to the levels of 1320.31 (Murray [5/8])- 1312.50 (Murray [4/8]). Alternatively, breakout of 1332.50 (middle line of Bollinger Bands) can accelerate the pair towards 1335.94 (Murray [7/8]), but the area of 1343.75 (Murray [8/8]) level could restrict further rise. The technical picture is mixed. Bollinger Bands are slightly leaned downwards. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic is pointed upwards. Support and resistance Support levels: 1325.21, 1320.31, 1312.50. Resistance levels: 1335.94, 1343.75, 1351.56. Trading recommendations Short positions can be opened below the level of 1325.21 with the target at around 1320.31 and stop-loss 1326.50. Long positions can be opened above the level of 1332.50 with the target at around 1335.94 and stop-loss 1331.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2019 Share Posted June 12, 2019 EUR/USD: technical analysis 12.06.2019 Current trend On the 4-hour chart, EUR/USD is growing along the upper 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 buyers will be the level of 1.1352 (Murray [8/8]). The level of 1.1352, can prevent the instrument form growing, as the possibility of the reverse of the price is high there, while its breakout would allow the raise to continue to the level of 1.1383 (Murray [+1/8])-1.1413 (Murray [+2/8]). Alternatively, pullback below the level of 1.1314 (the middle line of Bollinger Bands) could lead the price to the 1.1291 (Murray [6/8])-1.1261 (Murray [5/8]) level. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands and Stochastic are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Support and resistance Support levels: 1.1322, 1.1291, 1.1261, 1.1230. Resistance levels: 1.1352, 1.1383, 1.1413. Trading recommendations Short positions can be opened below the level of 1.1322 with the target at around 1.1291-1.1261 and stop-loss 1.1340. Long positions can be opened above the level of 1.1352 with the target at around 1.1383-1.1413 and stop-loss 1.1332. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2019 Share Posted June 12, 2019 USD/CAD: technical analysis 12.06.2019 Current trend The USD/CAD pair begins today’s trading with slight bullish bias. If the current trend maintains, the next targets of buyers will be the level of 1.3305 (Murray [2/8]). Assuming the pair’s ability to cross 1.3305 level, the mark 1.3366 (Murray [3/8]) can be targeted if holding long positions. If USD/CAD cannot consolidate above the level of 1.3305 during short term period,the downward trend restoration and retest of the level 1.3244 (Murray [1/8]) are possible. This case scenario will be actual after price is set below the level of 1.3288 (the middle line of Bollinger Bands). The level of 1.3244 seem a strong support as break of which can diver market to 1.3183 (Murray [0/8]) level. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards. Support and resistance Support levels: 1.3244, 1.3183, 1.3122, 1.3061. Resistance levels: 1.3305, 1.3366, 1.3427, 1.3488. Trading recommendations Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3264. Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3285. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 12, 2019 Share Posted June 12, 2019 USD/CHF: technical analysis 12.06.2019 Current trend The USDCHF pair begins today’s trading with slight bearish bias. The price is approaching a strong support in the region of 0.9913 (middle line of Bollinger Bands). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.9887 (Murray [0/8]). Should prices continue slipping under 0.9887, the levels of 0.9857-0.9826 might try activating a upward rebound. The upward trend will be restored after the price is set above the level of 0.9948 (Murray [2/8]). In this case, the next targets of buyers will be the level of 0.9979 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.9887, 0.9857, 0.9826. Resistance levels: 0.9918, 0.9948, 0.9979. Trading recommendations Long positions can be opened above the level of 0.9948 with the target at around 0.9979 and stop-loss 0.9938. Short positions can be opened below the level of 0.9887 with the target at around 0.9857 and stop-loss 0.9897. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 13, 2019 Share Posted June 13, 2019 GBP/USD: technical analysis 13.06.2019 Current trend The price has tested the support level of 1.2682 (Murray [3/8]) and was slightly corrected upwards, but the downward trend maintains. The downward trend will be restored after the price is set below the level of 1.2682. In this case, the next targets of sellers will be the level of 1.2664 (Murray [3/8]). There is a chance of an upward rebound from the level of 1.2664, while its breakdown would allow the fall to continue to the area of 1.2634 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 1.2701 (middle line of Bollinger Bands), the correction can continue to the area of 1.2725(Murray [5/8])-1.2756 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is ready to enter the positive zone and form a sell signal. Support and resistance Support levels: 1.2664, 1.2634, 1.2603. Resistance levels: 1.2695, 1.2725, 1.2756. Trading recommendations Short positions can be opened below the level of 1.2682 with the target at around 1.2664-1.2634 and stop-loss 1.2698. Long positions can be opened above the level of 1.2701 with the target at around 1.2725-1.2756 and stop-loss 1.2683. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 13, 2019 Share Posted June 13, 2019 USD/JPY: technical analysis 13.06.2019 Current trend The USD/JPY pair begins today’s trading with slight bearish bias. The price has tested the support level of 108.20 (Murray [5/8]) and was slightly corrected upwards, but the downward trend maintains. If the price is set below the level of 108.20, the downward trend can restore, and the instrument can retest the resistance level of 107.81 (Murray [4/8]), which is the key level for the sellers in short-term period. Aternatively, the breakout of the level 108.59 (Murray [6/8]) will let the price grow to the level of 108.98 (Murray [7/8]). Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 108.98 region. Technical indicators mostly reflect the moderate maintenance of the downward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is poined downwards. Support and resistance Support levels: 108.20, 107.81, 107.42. Resistance levels: 108.59, 108.98, 109.37. Trading recommendations Short positions can be opened below the level of 108.20 with the target at around 107.81 and stop-loss 108.33. Long positions can be opened above the level of 108.59 with the target at around 108.98 and stop-loss 108.46. Link to comment Share on other sites More sharing options...
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