Andy.atx Posted July 30, 2019 Report Share Posted July 30, 2019 GBP/USD: technical analysis 30.07.2019 Current trend On the 4-hour chart, the instrument is falling 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 belwo the level of 1.21460 (Murray [-1/8]) and can fall further to the levels of 1.21200 and 1.20850 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.21460, the correction can continue to the area of 1.21800, 1.22070 (Murray [4/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are in the oversold zone and are pointed sideways. Support and resistance Support levels: 1.21200, 1.20850. Resistance levels: 1.21460, 1.21800, 1.22070. Trading recommendations Short positions can be opened below the level of 1.21200 with the target at around 1.20850 and stop-loss 1.21300. Long positions can be opened above the level of 1.21460 with the target at around 1.21800 and stop-loss 1.21346. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 31, 2019 Report Share Posted July 31, 2019 USD/CAD: technical analysis 31.07.2019 Current trend On the 4-hour chart, the instrument is faliing along the lower line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.31226 (Murray [6/8]). This case scenario will be actual after price is set below the level of 1.31345. The level of 1.31226 seem a tough support, which can activate an upward rebound. Meanwhile, pair’s sustained trading below this level will let the price fall to the area of 1.31111-1.31009. If the “bulls” manage to raise the rate above the level of 1.31531 (Murray [7/8]), the correction can continue to the area of 1.31655, which coincided with the middle line of Bollinger Bands. Technical indicators reflect the active maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. 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: 1.31345, 1.31226, 1.31111, 1.31009. Resistance levels: 1.31531, 1.31655, 1.31740, 1.31915. Trading recommendations Short positions can be opened below the level of 1.31345 with the target at around 1.31226 and stop-loss 1.31384. Long positions can be opened above the level of 1.31531 with the target at around 1.31655 and stop-loss 1.31489. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 31, 2019 Report Share Posted July 31, 2019 NZD/USD: technical analysis 31.07.2019 Current trend On the 4-hour chart, NZD/USD is falling along the lower line of the Bollinger Bands. The price has tested the support level of 0.65864 and was slightly corrected upwards, but the general downward trend maintains. The downward trend will be restored after the price is set below the level of 0.65864. In this case, the next target of sellers will be the level of 0.65613 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.66093, the correction can continue to the area of level 0.66223 (Murray [1/8]), which is the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the level of 0.66330-0.66528 (Murray [2/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. Stochastic’s lines are pointed sideways. Support and resistance Support levels: 0.65918, 0.65864, 0.65613. Resistance levels: 0.66093, 0.66223, 0.66330, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65864 with the target at around 0.65613 and stop-loss 0.65947. Long positions can be opened above the level of 0.66093 with the target at around 0.66223 and stop-loss 0.66049. Link to comment Share on other sites More sharing options...
Andy.atx Posted July 31, 2019 Report Share Posted July 31, 2019 XAU/USD: technical analysis 31.07.2019 Current trend XAU/USD is in the stage of downward correction after raising to the level of 1433.20. The instrument is now testing the support level of 1429.69 (Murray [7/8]). If the price is set below level of 1427.61, the downward correction can continue, and the instrument can test the support level of 1421.88 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 1433.20. In this case, the next targets of buyers will be the level of 1437.50 (Murray [8/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1429.69, 1427.61, 1424.61. Resistance levels: 1433.20, 1437.50, 1441.70. Trading recommendations Short positions can be opened from the level of 1427.61 with the target at around 1424.61 and stop-loss 1428.61. Long positions can be opened above the level of 1433.20 with the target at around 1437.50 and stop-loss 1432.20. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 1, 2019 Report Share Posted August 1, 2019 USD/CHF: technical analysis 01.08.2019 Current trend USD/CHF is in the stage of downward correction after raising to the level of 0.99748. If the current trend maintains, the next targets of sellers will be the level of 0.99487 (Murray [8/8]). Assuming the pair’s ability to cross 0.99487 mark, the level of 0.99335 can be targeted if holding short positions. If the price cannot consolidate below the level of 0.99487 during short term period, the price can reverse and retest the resistance area of 0.99640 (Murray [+1/8])-0.99748. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.99792 (Murray [+2/8]). In this case the buyers will aim for the 1.00010 resistance-zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the general upward trend. MACD histogram is in the negative zone keeping a signal for the opening of buy positions. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.99487, 0.99335, 0.99182. Resistance levels: 0.99640, 0.99748, 0.99900. Trading recommendations Long positions can be opened above the level of 0.99748 with the target at around 0.99900 and stop-loss 0.99697. Short positions can be opened below the level of 0.99487 with the target at around 0.99335 and stop-loss 0.99537. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 1, 2019 Report Share Posted August 1, 2019 USD/CAD: technical analysis 01.08.2019 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 1.32141 (Murray [+1/8]). In case the pair manage to cross this level, the bulls will aim for the 1.32288-1.32446 (Murray [+2/8]) resistanze zone. This area can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Alternative scenario. Pullbacks below 1.31989 could lead the price back to the 1.31836 (Murray [8/8]) level. The downward movement will be continued after the price is set below the level of 1.31836. In this case, the next targets of sellers will be the level of 1.31651, which corresponds to the middle line of Bollinger Bands. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area. Support and resistance Support levels: 1.31989, 1.31226, 1.31836, 1.31651. Resistance levels: 1.32141, 1.32288, 1.32446. Trading recommendations Long positions can be opened above the level of 1.32141 with the target at around 1.32288 and stop-loss 1.32092. Short positions can be opened below the level of 1.31989 with the target at around 1.31836 and stop-loss 1.32040. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 1, 2019 Report Share Posted August 1, 2019 EUR/USD: technical analysis 01.08.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The instrument is now testing the support level of 1.10474 (Murray [2/8]). Assuming the pair’s ability to cross 1.10474 mark, the level of 1.10288-1.10168 can be targeted if holding short positions. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.10626, the correction can continue to the area of 1.10729-1.10931. Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. 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: 1.10474, 1.10288, 1.10168. Resistance levels: 1.10626, 1.10729, 1.10931. Trading recommendations Short positions can be opened below the level of 1.10474 with the target at around 1.10288 and stop-loss 1.10536. Long positions can be opened above the level of 1.10626 with the target at around 1.10729 and stop-loss 1.10591. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 2, 2019 Report Share Posted August 2, 2019 USD/JPY: technical analysis 02.08.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price has tested the support level of 106.845 and was slightly corrected upwards, but the downward trend maintains. If the price is set below the level of 107.031 (Murray [2/8]), the downward movement can restore, and the instrument can retest the support level of 106.845. Assuming the pair’s ability to cross 106.845 mark, the level of 106.641 (Murray [1/8]) can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 107.200 the correction can continue to the area of 107.422 (Murray [3/8]). 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 trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold zone and is pointed upwards, signaling the development of an upward correction. Support and resistance Support levels: 107.031, 106.845, 106.641. Resistance levels: 107.200, 107.422, 107.600. Trading recommendations Short positions can be opened below the level of 107.031 with the target at around 106.845 and stop-loss 107.092. Long positions can be opened above the level of 107.200 with the target at around 107.422 and stop-loss 107.126. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 2, 2019 Report Share Posted August 2, 2019 AUD/USD: technical analysis 02.08.2019 Current trend AUD/USD is in the stage of upward correction after falling to the level of 0.67945, but the downward trend is still maintained. If the “bulls” manage to raise the rate above the level of 0.68184, the correction can continue to the area of 0.68359 (Murray [0/8]). The level of 0.68359 seem a strong resistance which can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 0.68359 can accelerate the pair towards 0.68500 mark. The downward trend will be restored after the price is set below the level of 0.67945. In this case, the sellers will aim for the 0.67749 (Murray [-2/8]) support zone. 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 slightly decreasing 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: 0.68054, 0.67945, 0.67749. Resistance levels: 0.68184, 0.68359, 0.68500. Trading recommendations Short positions can be opened below the level of 0.67945 with the target at around 0.67749 and stop-loss 0.68010. Long positions can be opened above the level of 0.68184 with the target at around 0.68359 and stop-loss 0.68125. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 2, 2019 Report Share Posted August 2, 2019 GBP/USD: technical analysis 02.08.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The price has tested the support level of 1.20895 and was slightly corrected upwards, but the general downward trend maintains. The level of 1.20850 seem a strong support area, which can activate an upward rebound. One may speak about downward movement continuation after the price consolidates below the support level of 1.20850. In this case, the next targets of sellers will be the area of levels 1.20800-1.20700. Alternative scenario. If the “bulls” manage to raise the rate above the level of 1.21460 (the middle line of Bollinger Bands), the correction can continue to the area of 1.21765. 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 nrgative zone. Stochastic is pointed downwards, reflecting the possibility of the downward movement formation. Support and resistance Support levels: 1.20895, 1.20850, 1.20800, 1.20700. Resistance levels: 1.21460, 1.21614, 1.21765. Trading recommendations Short positions can be opened below the level of 1.20850 with the target at around 1.20800-1.20700 and stop-loss 1.20900. Long positions can be opened above the level of 1.21460 with the target at around 1.21614 and stop-loss 1.21408. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2019 Report Share Posted August 5, 2019 XAU/USD: technical analysis 05.08.2019 Current trend On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The price is now testing the resistance level of 1453.13 (Murray [6/8]). Assuming the pair’s ability to cross 1453.13 mark, the levels of 1455.00-1460.94 (Murray [7/8]) can be targeted if holding long positions. Alternative scenario. Pullback and pair’s sustained trading below the level of 1445.31 (Murray [5/8]) could push the price to the 1441.00 and 1437.50 (Murray [4/8]) level. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area. Support and resistance Support levels: 1445.67, 1441.00, 1437.50. Resistance levels: 1453.13, 1455.00, 1460.94. Trading recommendations Long positions can be opened above the level of 1453.13 with the target at around 1455.00-1460.94 and stop-loss 1451.13. Short positions can be opened below the level of 1445.31 with the target at around 1441.00 and stop-loss 1446.90. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2019 Report Share Posted August 5, 2019 AUD/USD: technical analysis 05.08.2019 Current trend On 4-hour chart, AUD/USD shows a moderate negative dynamic. Now the price is trying to consolidate below the support level of 0.67749 (Murray [-1/8]). In case the pair manage to cross this level, the next target of sellers will be the level of 0.67472. The level of 0.67472 seem tough support which can activate an upward rebound, while its breakout can diver market to 0.67139 (Murray [-2/8]) support zone. Alternative scenario. If the “bulls” manage to raise the rate above the level of 0.68049, the correction can continue to the area of 0.68359 (Murray [0/8]), which coincided with the middle line of Bollinger Bands. Technical indicators mostly keep a sell signal. 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: 0.67749, 0.67472, 0.67139. Resistance levels: 0.68049, 0.68359, 0.68671. Trading recommendations Short positions can be opened below the level of 0.67749 with the target at around 0.67472 and stop-loss 0.67841. Long positions can be opened above the level of 0.68049 with the target at around 0.68359 and stop-loss 0.67945. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 5, 2019 Report Share Posted August 5, 2019 USD/JPY: technical analysis 05.08.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The price has tested the support level of 105.778 and was slightly corrected upwards, but the downward trend maintains. Assuming the pair’s ability to cross 105.778 level, the mark of 105.600-105.469 (Murray [-2/8]) can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 106.415, the correction can continue to the area of 106.641 (Murray [1/8]). 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 trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the overbought zone and is pointed sideways. Support and resistance Support levels: 108.859, 105.778, 105.600, 105.469. Resistance levels: 106.250, 106.415, 106.641. Trading recommendations Short positions can be opened below the level of 105.778 with the target at around 105.600-105.469 and stop-loss 105.881. Long positions can be opened above the level of 106.415 with the target at around 106.641 and stop-loss 106.339. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2019 Report Share Posted August 6, 2019 USD/CHF: technical analysis 06.08.2019 Current trend USD/CHF is restoring after the fall to the support level of 0.97030. If the current trend maintains, the next targets of buyers will be the level of 0.97656 (Murray [0/8]). The level of 0.97656 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, pair’s sustained trading above the level of 0.97656 will let the price grow to the area of 0.97860. If USD/CHF cannot consolidate above the level of 0.97656 during short term period, the downward trend restoration and retest of the level 0.97046 (Murray [-1/8]) are possible. One may speak about downward movement continuation after the price consolidates below the support level of 0.97030. In this case, the next targets of sellers will be the level of 0.96750. The technical picture is mixed. Bollinger Bands are directed down. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 0.97200, 0.97046, 0.96750. Resistance levels: 0.97656, 0.97860, 0.98120. Trading recommendations Long positions can be opened above the level of 0.97656 with the target at around 0.97860 and stop-loss 0.97588. Short positions can be opened below the level of 0.97200 with the target at around 0.97046 and stop-loss 0.97251. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2019 Report Share Posted August 6, 2019 USD/CAD: technical analysis 06.08.2019 Current trend The USD/CAD pair begins today’s trading with slight bearish bias. The price is approaching a strong support in the region of 1.31836 (Murray [4/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.31771-1.31531 (Murray [3/8]). Alternatively, pullback and pair’s sustained trading above the level of 1.32223 (the middle line of Bollinger Bands) will let the price grow to the area of 1.32446 (Murray [6/8]). Meanwhile, any attempted raising seems more likely to get sold into aggressively near the 1.32446-1.32547 region. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed sideways. Support and resistance Support levels: 1.31836, 1.31637, 1.31531. Resistance levels: 1.32141, 1.32223, 1.32446. Trading recommendations Long positions can be opened above the level of 1.32223 with the target at around 1.32446 and stop-loss 1.32148. Short positions can be opened below the level of 1.31836 with the target at around 1.31637 and stop-loss 1.31902. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 6, 2019 Report Share Posted August 6, 2019 EUR/USD: technical analysis 06.08.2019 Current trend EUR/USD is in the stage of downward correction after raising to the level of 1.12493 (Murray [2/8]). The instrument is now testing the support level of 1.12000 (Murray [7/8]), that holds the gate for its falling to 1.11694 (Murray [6/8]) support-line. If the sellers manage to decline the rate below the level of 1.11694, the downward movement can continue to the area of level 1.11389 (Murray [5/8]). The upward trend will be restored after the price is set above the level of 1.12493. In this case, the growth will continue to the level of 1.12610 (Murray [+1/8]), that seem a strong resistance. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the level of 1.12915 (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. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.12000, 1.11694, 1.11389. Resistance levels: 1.12493, 1.12610, 1.12915. Trading recommendations Short positions can be opened below the level of 1.12000 with the target at around 1.11694 and stop-loss 1.12102. Long positions can be opened above the level of 1.12493 with the target at around 1.12610-1.12700 and stop-loss 1.12424. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2019 Report Share Posted August 7, 2019 AUD/USD: technical analysis 07.08.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. Now we can see an attempt to form an upward correction. If the “bulls” manage to raise the rate above the level of 0.67139 (Murray [2/8]), the correction can continue to the area of 0.67291, 0.67444. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the level of 0.67749 (Murray [3/8]), which is the main target of the upward correction. A significant decrease is possible after the breakdown of the level 0.66763. In this case the sellers will aim for the 0.66600, 0.66500 support 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 downward trend. The volumes of MACD histogram are growing in the negative 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: 0.66763, 0.66600, 0.66500. Resistance levels: 0.67139, 0.67291, 0.67444. Trading recommendations Short positions can be opened below the level of 0.66763 with the target at around 0.66600-0.66500 and stop-loss 0.66850. Long positions can be opened above the level of 0.67139 with the target at around 0.67291-0.67444 and stop-loss 0.67037. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2019 Report Share Posted August 7, 2019 NZD/USD: technical analysis 07.08.2019 Current trend On 4-hour chart, NZD/USD shows a negative dynamic. The price has tested the support level of 0.63771 and was slightly corrected upwards, but the downward trend maintains. If the “bulls” manage to raise the rate above the level of 0.64087, the correction can continue to the area of level 0.64328, that holds the gate for its rise to 0.64697 (Murray [2/8]) resistance-line. The downward trend will be restored after the price is set below the level of 0.63771. In this case the sellers will aim for the 0.63685-0.63477 support zone. Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward dynamic. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is pointed sideways. Support and resistance Support levels: 0.63771, 0.63685, 0.63477. Resistance levels: 0.64087, 0.64328, 0.64697. Trading recommendations Short positions can be opened below the level of 0.63771 with the target at around 0.63685-0.63477 and stop-loss 0.63840. Long positions can be opened above the level of 0.64087 with the target at around 0.64328 and stop-loss 0.64006. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 7, 2019 Report Share Posted August 7, 2019 XAU/USD: technical analysis 07.08.2019 Current trend On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The price has tested the resistance level of 1490.09 and was slightly corrected downwards, but the general upward trend maintains. If the sellers manage to decline the rate below the level of 1480.88, the correction can continue to the area of 1474.45, 1468.75 (Murray [6/8]). The upward trend will be restored after the price is set above the level of 1490.09. In this case, the buyers will aim for the level of 1500.00 (Murray [8/8]). This level seem a key level for buyers is the short term period. There is a high chance of a downward rebound. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the upward dynamic. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1484.38, 1480.88, 1474.45. Resistance levels: 1490.09, 1494.00, 1500.00. Trading recommendations Long positions can be opened above the level of 1490.09 with the target at around 1494.00 and stop-loss 1489.00. Short positions can be opened below the level of 1480.88 with the target at around 1474.45 and stop-loss 1481.88. Link to comment Share on other sites More sharing options...
Andy.atx Posted August 8, 2019 Report Share Posted August 8, 2019 AUD/USD: technical analysis 08.08.2019 Current trend AUD/USD quotes attempted to grow, but reaching 0.67821 mark moved to a decline. The first target of the correction is the level of 0.67596, 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 0.67427, 0.67139 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.67839, the upward movement can continue to the area of 0.68026, 0.68359 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are pointed 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: 0.67596, 0.67427, 0.67139. Resistance levels: 0.67839, 0.68026, 0.68359. Trading recommendations Short positions can be opened below the level of 0.67596 with the target at around 0.67427 and stop-loss 0.67652. Long positions can be opened above the level of 0.67839 with the target at around 0.68026 and stop-loss 0.67776. Link to comment Share on other sites More sharing options...
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