Andy.atx Posted June 24, 2019 Share Posted June 24, 2019 NZD/USD: technical analysis 24.06.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.6591 (Murray [4/8]) and can grow further to the levels of 0.6622 (Murray [5/8]), that holds the gate for its rise to 0.6652 (Murray [6/8]) resistance-line. Alternatively, pullbacks below the level of 0.6591 could lead the price back to the 0.6561 (Murray [3/8]) level, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6530 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed upwards. 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 24, 2019 Share Posted June 24, 2019 AUD/USD: technical analysis 24.06.2019 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current upward trend. Now the price is trying to consolidate above the strong resistance level of 0.6958 (Murray [4/8]). Assuming the pair’s ability to cross the mark of 0.6958, the level of 0.6988 (Murray [5/8]) can be targeted if holding long positions. Alternatively, the breakdown of the level 0.6946 and holding below it will will push the price back to 0.6927 level (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6927. Pair’s sustained trading below this level can set the level of 0.6897 on sellers’ radar. Technical indicators reflect the 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: 0.6927, 0.6897, 0.6866. Resistance levels: 0.6958, 0.6988, 0.7019. Trading recommendations Short positions can be opened below the level of 0.6946 with the target at around 0.6927-0.6897 and stop-loss 0.6961. Long positions can be opened above the level of 0.6958 with the target at around 0.6988 and stop-loss 0.6948. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 25, 2019 Share Posted June 25, 2019 EUR/USD: technical analysis 25.06.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. The lack of long-term corrections reflects the strength of the current trend. The price is approaching a resistance in the region of 1.1413 (Murray [6/8]). Assuming the pair’s ability to cross the level of 1.1413, the mark of 1.1444 (Murray [7/8])-1.1474 (Murray [8/8]) can be targeted if holding long positions. If EUR/USD cannot consolidate above the level of 1.1413 during short time period, the downward trend restoration and retest of the level 1.1352 (Murray [4/8]) are possible. This case scenario will be active after price is set below the level of 1.1383 (Murray [5/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD is growing in the positive zone. Stochastic is in the overbought area and is pointed upwards. Support and resistance Support levels: 1.1383, 1.1352, 1.1322, 1.1291. Resistance levels: 1.1413, 1.1444, 1.1505, 1.1535. Trading recommendations Short positions can be opened below the level of 1.1383 with the target at around 1.1352 and stop-loss 1.1391. Long positions can be opened above the level of 1.1413 with the target at around 1.1444 and stop-loss 1.1403. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 25, 2019 Share Posted June 25, 2019 USD/CAD: technical analysis 25.06.2019 Current trend On 4-hour chart, the instrument is consolidating around the strong support level 1.3183 (Murray [0/8]), but the general downward still maintained. The downward trend will be restored after the price is set below the level of 1.3170. In this case, the next targets of sellers will be the level of 1.3153 (Murray [-1/8])-1.3122 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.3214 (Murray [1/8]), which corresponds to the middle line of Bollinger Bands, the correction can continue to the area of 1.3244 (Murray [2/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands are pointed sideways. MACD is slowly decreasing in the negative zone. Stochastic is pointed sideways. Support and resistance Support levels: 1.3183, 1.3153, 1.3122. Resistance levels: 1.3214, 1.3244, 1.3275, 1.3305. Trading recommendations Short positions can be opened below the level of 1.3170 with the target at around 1.3153-1.3122 and stop-loss 1.3186. Long positions can be opened above the level of 1.3214 with the target at around 1.3244 and stop-loss 1.3204. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 25, 2019 Share Posted June 25, 2019 USD/CHF: technical analysis 25.06.2019 Current trend On the 4-hour chart, USD/CHF is falling along the lower line of the Bollinger Bands. The upward correction is possibe in short term period, but the general downward trend still maintained. If the buyers manage to raise the rate above the level of 0.9720, the correction can continue to the area of 0.9765 (Murray [0/8]), which is the main target of correction movement. There is a high probability of a course reversal from the level of 0.9765, while its breakout will let the price grow to the are of 0.9826 (Murray [1/8]) level. The downward trend will be restored after the price is set below the level of 0.9704 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 0.9643 (Murray [-2/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.9704, 0.9643, 0.9600. Resistance levels: 0.9765, 0.9826, 0.9887. Trading recommendations Long positions can be opened above the level of 0.9722 with the target at around 0.9765 and stop-loss 0.9707. Short positions can be opened below the level of 0.9704 with the target at around 0.9643 and stop-loss 0.9724. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 26, 2019 Share Posted June 26, 2019 GBP/USD: technical analysis 26.06.2019 Current trend On 4-hour chart, GBP/USD is trading in a bearish trend. The price went down below the level of 1.2695 (Murray [8/8]) and can fall further to the levels of 1.2634 (Murray [7/8]). Additionally, pair’s sustained trading below the level of 1.2634 could set the mark 1.2573 (Murray [6/8]) on sellers’ radar. Alternatively, pullback above the 1.2695 mark will let the price grow to 1.2517 level, which coincided with the middle line of Bollinger Bands. In case the pair manage to cross the 1.2717 hurdle, the buyers will aim for the 1.2756 resistance zone. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near this area. Technical indicators reflect the active maintenance of the current downward trend. Bollinger Bands are diverging. MACD volumes are actively decreasing in the positive zone. Stochastic is in the oversold zone and is pointed sideways. Support and resistance Support levels: 1.2634, 1.2573, 1.2515. Resistance levels: 1.2695, 1.2756, 1.2817. Trading recommendations Long positions can be opened above the level of 1.2717 with the target at around 1.2756 and stop-loss 1.2704. Short positions can be opened below the level of 1.2671 with the target at around 1.2634 and stop-loss 1.2684. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 26, 2019 Share Posted June 26, 2019 USD/JPY: technical analysis 26.06.2019 Current trend USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers will be the level of 107.61 (Murray [3/8]). The breakout of 107.61 level can accelerate the pair towards 107.81 level (Murray [4/8]), which seem a key level for the buyers in short term period. This level can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Additionally, pair’s sustained trading above the level of 107.81 can set the area of 108.00 on buyers’ radar. The downward trend will be restored after the price is set below the level of 107.22 (Murray [1/8]), which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 107.03 (Murray [0/8])-106.83 (Murray [-1/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands and Stochastic are pointed upwards. MACD volumes are decreasing in the negative zone. Support and resistance Support levels: 107.22, 107.03, 106.83. Resistance levels: 107.42, 107.61, 107.81. Trading recommendations Short positions can be opened below the level of 107.22 with the target at around 107.03-106.83 and stop-loss 107.35. Long positions can be opened above the level of 107.42 with the target at around 107.61-107.81 and stop-loss 107.29. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 26, 2019 Share Posted June 26, 2019 AUD/USD: technical analysis 26.06.2019 Current trend On 4-hour chart, the AUD/USD pair continues to consolidate in the side channel with the borders 0.6940-0.6977. Now the price went up above the level of 0.6958 (Murray [8/8]) and can grow further to the levels of 0.6973 (Murray [+1/8]) and 0.6988 (Murray [+2/8]). There is a high probability of a course reversal from the level of 0.6988, while its breakout would allow the raise to continue to the area of level 0.7021. The downward trend will be restored after the price is set below the level of 0.6942 (Murray [7/8]), which is the middle line of Bollinger Bands. In this case the sellers will aim for the 0.6927 (Murray [6/8])-0.6912 (Murray [5/8]) support zone. Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochactic are pointed upwards. MACD is slowly growing in the positive zone. Support and resistance Support levels: 0.6958, 0.6942, 0.6927, 0.6897. Resistance levels: 0.6973, 0.6988, 0.7021. Trading recommendations Short positions can be opened below the level of 0.6942 with the target at around 0.6927-0.6912 and stop-loss 0.6952. Long positions can be opened above the level of 0.6977 with the target at around 0.6988-0.7021 and stop-loss 0.6962. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 27, 2019 Share Posted June 27, 2019 XAU/USD: technical analysis 27.06.2019 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 1406.25 (Murray [6/8]). The breakdown of the level 1406.25 will let XAU/USD fall to the level of 1390.63 (Murray [5/8]). Alternatively, pullback and pair’s sustained trading above the level of 1414.10 (middle line of Bollinger Bands) can accelerate the pair towards 1421.88 mark (Murray [7/8]). Technical indicators reflect the moderate maintenance of the current downward trend.Bollinger Bands are slightly leaned downwards. MACD volumes are actively decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 1406.25, 1390.63, 1375.00. Resistance levels: 1414.10, 1421.88, 1437.50. Trading recommendations Short positions can be opened below the level of 1406.25 with the target at around 1390.63 and stop-loss 1411.25. Long positions can be opened above the level of 1414.10 with the target at around 1421.88 and stop-loss 1411.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 27, 2019 Share Posted June 27, 2019 NZD/USD: technical analysis 27.06.2019 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. Now we can see a small downward correction, but the upward trend still maintains. The first target of the correction is the level of 0.6647, which corresponds to the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of level 0.6622 (Murray [5/8]). The upward trend will be restored after the price is set above the level of 0.6689. In this case the price may aim for the 0.6713 (Murray [8/8])-0.6744 (Murray [+1/8]) resistance-zone. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing 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: 0.6652, 0.6622, 0.6591. Resistance levels: 0.6683, 0.6713, 0.6744. Trading recommendations Long positions can be above the level of 0.6689 with the target at around 0.6713-0.6744 and stop-loss 0.6671. Short positions can be opened below the level of 0.6652 with the target at around 0.6622 and stop-loss 0.6662. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 27, 2019 Share Posted June 27, 2019 AUD/USD: technical analysis 27.06.2019 Current trend On the 4-hour chart, the instrument is moderately growing along the upper line of the Bollinger Bands. Now the price is trying to consolidate above the level of 0.6988 (Murray [5/8]). If the current trend maintains, the next targets of buyers will be the level of 0.7019 (Murray [6/8]). There is a chance of an downward rebound, while its breakout could accelerate the pair towards the level of 0.7049 (Murray [7/8]). Alternatively, pullback below the level of 0.6985 will let the price to fall to the area of 0.6958 level (Murray [4/8]). One may speak about downward movement continuation after the price consolidates below the support level of 0.6958. In this case, the next targets of sellers will be the level of 0.6927 (Murray [3/8]). Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochacstic are pointed upwards. MACD is growing in the positive zone. Support and resistance Support levels: 0.6988, 0.6958, 0.6927. Resistance levels: 0.7019, 0.7049, 0.7080. Trading recommendations Long positions can be opened above the level of 0.6998 with the target at around 0.7019-0.7049 and stop-loss 0.6986. Short positions can be opened below the level of 0.6985 with the target at around 0.6958 and stop-loss 0.6995. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 28, 2019 Share Posted June 28, 2019 EUR/USD: technical analysis 28.06.2019 Current trend The EURUSD pair begins today’s trading with slight bearish bias. The price is approaching a strong support in the region of 1.1352 (Murray [4/8]). Breakdown and pair’s sustained trading below the level of 1.1352 will let EUR/USD fall to the level of 1.1322 (Murray [3/8])-1.1291 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 1.1383 (Murray [5/8]), the correction can continue to the area of 1.1413 (Murray [5/8]). The level of 1.1413 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 1.1413 mark, the level of 1.1444 can be targeted if holding long positions. 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 is pointed downwards. Support and resistance Support levels: 1.1352, 1.1322, 1.1291. Resistance levels: 1.1383, 1.1413, 1.1444. Trading recommendations Short positions can be opened below the level of 1.1352 with the target at around 1.1322-1.1291 and stop-loss 1.1370. Long positions can be opened above the level of 1.1383 with the target at around 1.1413-1.1444 and stop-loss 1.1363. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 28, 2019 Share Posted June 28, 2019 USD/CAD: technical analysis 28.06.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now USD/CAD is in the stage of upward correction after falling to the level of 1.3085, but the general downward trend is still maintained. The downward trend will be restored after the price is set below the level of 1.3085. In this case, the next targets of sellers will be the area of 1.3061 (Murray [-2/8])-1.3040. If the “bulls” manage to raise the rate above the level of 1.3122 (Murray [-1/8]), the correction can continue to the area of 1.3183 (Murray [0/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are slowly growing in the negative zone. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.3085, 1.3061, 1.3040, Resistance levels: 1.3122, 1.3183, 1.3244. Trading recommendations Short positions can be opened below the level of 1.3085 with the target at around 1.3061-1.3040 and stop-loss 1.3100. Long positions can be opened above the level of 1.3122 with the target at around 1.3183 and stop-loss 1.3102. Link to comment Share on other sites More sharing options...
Andy.atx Posted June 28, 2019 Share Posted June 28, 2019 USD/CHF: technical analysis 28.06.2019 Current trend On the 4-hour chart, the price went down below the level of 0.9765 (Murray [0/8], middle line of Bollinger Bands) and can fall further to the level of 0.9704 (Murray [-1/8]). Alterntaively, pullback and pair’ sustained trading above the level of 0.9765 will let the price to grow to the area of 0.9813 level. One may speak about upward movement continuation after the price consolidates above the support level of 0.9826. In this case, the next targets of buyers will be the level of 0.9887 (Murray [2/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold area and is pointed sideways. Support and resistance Support levels: 0.9704, 0.9643, 0.9600. Resistance levels: 0.9765, 0.9826, 0.9887. Trading recommendations Short positions can be opened below the level of 0.9750 with the target at around 0.9704 and stop-loss 0.9765. Long positions can be opened above the level of 0.9765 with the target at around 0.9813 and stop-loss 0.9750. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 1, 2019 Share Posted July 1, 2019 AUD/USD: technical analysis 01.07.2019 Current trend The AUD/USD pair begins today’s trading with bearish bias. The price went down below the middle line of Bollinger Bands (0.6995) and can fall further to the level of 0.6958 (Murray [4/8]). Meanwhile, the level of 0.6988 (Murray [5/8]) might offer intermediate halts during the plunge to 0.6958 mark. There is a high chance of a upward reverse from the 0.6958, while its breakdown would allow the fall to continue to the area of 0.6927 (Murray [3/8]). If AUD/USD cannot consolidate below the level of 0.6988 during short term period, the upward movement restoration and retest of the level 0.7019 (Murray [6/8]) are possible. Additionally, pair’s sustained trading above the 0.7019 mark will let the reach the level of 0.7049 (Murray [7/8]). Technical indicators mostly reflect the maintenance of the current downward trend. Bollinger Bands are converging, reflecting the moderate development of the bearish movement. MACD volumes are decreasing in the positive zone. Support and resistance Support levels: 0.6988, 0.6958, 0.6927. Resistance levels: 0.7019, 0.7049, 0.7080. Trading recommendations Short positions can be opened below the level of 0.6988 with the target at around 0.6958 and stop-loss 0.6998. Long positions can be opened above the level of 0.7019 with the target at around 0.7049 and stop-loss 0.7009. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 1, 2019 Share Posted July 1, 2019 USD/JPY: technical analysis 01.07.2019 Current trend The USD/JPY pair begins today’s trading with bullish gap. The price has tested the resistance level of 108.50 and was slightly corrected downwards, but the general upward trend maintains. If the current trend maintains, the next targets of buyers will be the level of 108.59 (Murray [8/8]). The level of 108.59 seem tough resistance as break of which can accelerate USD/JPY towards 107.78 (Murray [+1/8]) resistance zone. Alternatively, pullback below the level 108.09 could lead the price to the 107.81 (Murray [4/8]) level, which is the middle line of Bollinger Bands. Technical indicators mostly reflect the maintenance of the upward potential. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is pointed sideways. Support and resistance Support levels: 108.20, 108.00, 107.81, 107.61. Resistance levels: 108.39, 108.59, 108.78, 108.98. Trading recommendations Long positions can be opened above the level of 108.30 with the target at around 108.59 and stop-loss 108.20. Short positions can be opened below the level of 108.09 with the target at around 107.81 and stop-loss 108.19. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 1, 2019 Share Posted July 1, 2019 GBP/USD: technical analysis 01.07.2019 Current trend On 4-hour chart, GBP/USD is consolidating around the strong support level 1.2685, which coincided with the middle line of Bollinger Bands. If the “bulls” manage to decline the rate below the level of 1.2685, it will push the price to the area of levels 1.2644-1.2634 (Murray [3/8]). Additionally, pair’s sustained trading below the 1.2634 could set the level 1.2573 as next selelrs target. The upward momentum will be restored after the price is set above the level of 1.2723. In this case, the price will aim for the be the level of 1.2756 (Murray [+1/8]) resistance zone. Technical indicators reflect the active maintenance of the current downward trend. Stochastic is pointed downwards. MACD volumes are are insignificant and are moving along the zero line. Support and resistance Support levels: 1.2685, 1.2634, 1.2573, 1.2512. Resistance levels: 1.2695, 1.2723, 1.2756, 1.2817. Trading recommendations Short positions can be opened below the level of 1.2685 with the target at around 1.2634 and stop-loss 1.2701. Long positions can be opened above the level of 1.2723 with the target at around 1.2756 and stop-loss 1.2713. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 2, 2019 Share Posted July 2, 2019 USD/JPY: technical analysis 02.07.2019 USD/JPY: technical analysis 02.07.2019 Current trend On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands. The first target of the correction is the level of 108.00 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 108.20 (Murray [6/8]) levels might offer intermediate halt during the plunge to 108.00. Should prices continue slipping under 108.00, the level of 107.81 (Murray [4/8]) might try activating a upward rebound. The upward trend will be restored after the price is set above the level of 108.59 (Murray [8/8]). Pair’s sustained trading above this level could set the area of 108.78-108.98 as next buyers’ targets. The technical picture is mixed. Bollinger Bands are directed up. MACD is 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: 108.20, 108.00, 107.81, 107.61. Resistance levels: 108.39, 108.59, 108.78, 108.98. Trading recommendations Long positions can be opened above the level of 108.59 with the target at around 108.78-108.98 and stop-loss 108.46. Short positions can be opened below the level of 108.20 with the target at around 108.00-107.81 and stop-loss 108.33. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 2, 2019 Share Posted July 2, 2019 XAU/USD: technical analysis 02.07.2019 Current trend On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price went up above the level of 1390.63 (Murray [5/8]) and can grow further to the levels of 1400.60, which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout will let the price to grow to the area of 1406.25 (Murray [6/8]). The downward trend will be restored after the price is set below the level of 1382.71. In this case, the next targets of sellers will be the level of 1375.00 (Murray [4/8]). The 1375.00 seem a strong support as break of which can diver market to 1359.38 (Murray [4/8]) rest-points. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are leaned downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed upwards. Support and resistance Support levels: 1390.63, 1375.00, 1359.38. Resistance levels: 1406.25, 1421.88, 1437.50. Trading recommendations Short positions can be opened below the level of 1382.71 with the target at around 1375.00 and stop-loss 1384.90. Long positions can be opened above the level of 1400.60 with the target at around 1406.25 and stop-loss 1398.80. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 2, 2019 Share Posted July 2, 2019 NZD/USD: technical analysis 02.07.2019 Current trend On 4-hour chart, the instrument is in the stage of upward correction after falling to the level of 0.6663. The first target of the correction is the level of 0.6694, which corresponds to the middle line of Bollinger Bands. Meanwhile the 0.6683 (Murray [7/8]) mark can prevent the instrument from growing. If the “bulls” manage to raise the rate above the level of 0.6694, the correction can continue to the area of 0.6713 (Murray [8/8]). The downward trend will be restored after the price is set below the level of 0.6652 (Murray [6/8]). In this case, the next targets of sellers will be the level of 0.6622 (Murray [5/8]). 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 downward dynamic. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 0.6652, 0.6622, 0.6591. Resistance levels: 0.6683, 0.6713, 0.6744. Trading recommendations Long positions can be above the level of 0.6694 with the target at around 0.6713-0.6744 and stop-loss 0.6677. Short positions can be opened below the level of 0.6652 with the target at around 0.6622 and stop-loss 0.6662. Link to comment Share on other sites More sharing options...
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