Andy.atx Posted October 8, 2019 Share Posted October 8, 2019 USD/CAD: TECHNICAL ANALYSIS 08.10.2019Current trendOn 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 1.33057 (Murray [6/8]) and can fall to the levels of 1.32751 (Murray [3/8]). Such case scenario will be actual after price is set below the support level of 1.32898. The level of 1.32751 seem a key target for the shor-term sellers. There is a chance of an upward rebound, while its breakdown would be a start for the formation of an downtrend. Pair’s sustained trading below the level of 1.32751 will let the USD/CAD reach 1.32599-1.32446 (Murray [2/8]).Alternative scenario.Pullback above 1.33057 level could lead the price back to 1.33162, which coincided with the middle line of Bollinger Bands. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33264. In this case, the next targets of buyers will be the level of 1.33362 (Murray [5/8]). Should prices continue growing above 1.33362 mark, the area of level of 1.33473-1.33667 might try activating an downward rebound.Technical indicators mostly keep a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards.Support and resistanceSupport levels: 1.32921, 1.32751, 1.32599, 1.32446.Resistance levels: 1.33057, 1.33162, 1.33264, 1.33362.Trading recommendationsShort positions can be opened below the level of 1.32921 with the target at around 1.32751-1.32599 and stop-loss 1.33041.Long positions can be opened above the level of 1.33057 with the target at around 1.33162-1.33362 and stop-loss 1.32955. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 8, 2019 Share Posted October 8, 2019 GBP/USD: TECHNICAL ANALYSIS 08.10.2019Current trendThe GBPUSD pair begins today’s trading with slight bullish bias due to upward correction, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 1.22998, the correction can continue to the area of 1.23213, which is the key target of upward correction. The area of 1.23213-1.23291 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 and pair’s sustained trading beyond the 1.23291 mark will indicate up trend resumption. In this case the buyers will have its sights on resistance at 1.23596 (Murray [5/8]).Alternative scenario.If GBP/USD cannot consolidate above the level of 1.22998 during short term period, the downward movement restoration and retest of the level 1.22833 are possible. A significant decrease is possible after the breakout of the level 1.22681 (Murray [2/8]), which can develop to the level of 1.22375 (Murray [1/8]). Technical indicators reflect the maintenance of the downward potential. 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 downwards, reflecting the high possibility of the downward movement formation. Bollinger Bands are pointed sideways.Support and resistanceSupport levels: 1.22833, 1.22681, 1.22375.Resistance levels: 1.22998, 1.23291, 1.23596.Trading recommendationsShort positions can be opened below the level of 1.22681 with the target at around 1.22375 and stop-loss 1.22781.Long positions can be opened above the level of 1.22998 with the target at around 1.23291 and stop-loss 1.22900. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 9, 2019 Share Posted October 9, 2019 USD/CHF: TECHNICAL ANALYSIS 09.10.2019Current trendThe USD/CHF pair begins today’s trading with slight bullish bias. If the current trend maintains the pair will reach the level of 0.99487 (Murray [6/8]), which coincided with the middle line of Bollinger Bands. The area of 0.99478-0.99544 can prevent the instrument from growing, as the possibility of the downward rebound is high there. Meanwhile pair’s sustained trading above the 0.99544 level will let the price to grow to the area of 0.99792 (Murray [7/8]).Alternative scenario. If USD/CHF cannot consolidate above the level of 0.99544 during short term period, the downward movement restoration and retest of the support level 0.99182 (Murray [5/8])are possible. A significant decrease is possible after the breakdown of the level 0.99182. In this case, the next targets of sellers will be the level of 0.99043-0.98877 (Murray [4/8]).The technical picture is mixed. Bollinger Bands are converging without any clear signal. MACD volumes are slowlt decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.Support and resistanceSupport levels: 0.99300, 0.99182, 0.99043, 0.98877.Resistance levels: 0.99487, 0.99544, 0.99792.Trading recommendationsLong positions can be opened above the level of 0.99487 with the target at around 0.99544-0.99792 and stop-loss 0.99385.Short positions can be opened below the level of 0.99182 with the target at around 0.99043-0.98877 and stop-loss 0.99283. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 9, 2019 Share Posted October 9, 2019 NZD/USD: TECHNICAL ANALYSIS 09.10.2019Current trendOn the 4-hour chart, the instrument is trading above the middle line of Bollinger Bands (0.63060) suggesting bullish momentum. Meanwhile the level of 0.63171 (Murray [6/8]) seem a strong hurdle for NZD/USD. The breakout and consolidation of the price above this level will let NZD/USD reach the level of 0.63324 (Murray [7/8]). Should prices continue growing above 0.63324 mark, the level of 0.63371-0.63477 (Murray [8/8]) might try activating a downward rebound.Alternative scenario. If the sellers manage to decline the rate below the level of 0.63051, the correction can continue to the area of 0.62866 (Murray [4/8]). The level of 0.62866 seem a key level for the sellers. The breakdown and pair’s sustained trading below this level will let the price fall to the 0.62714 mark.Technical indicators mostly reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways.Support and resistanceSupport levels: 0.63060, 0.62866, 0.62714.Resistance levels: 0.63171, 0.63324, 0.63477.Trading recommendationsLong positions can be opened above the level of 0.63171 with the target at around 0.63324-0.63477 and stop-loss 0.63069.Short positions can be opened below the level of 0.63051 with the target at around 0.62866-0.62714 and stop-loss 0.63163. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 9, 2019 Share Posted October 9, 2019 XAU/USD: TECHNICAL ANALYSIS 09.10.2019Current trendXAU/USD quotes attempted to grow, but reaching 1509.34 mark moved to a downward correction. The instrument has the potential to further correction to the level of 1501.88, 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 1497.76. The upward trend will be restored after the price is set above the level of 1510.00. In this case, the next targets of buyers will be the level of 1515.63 (Murray [5/8])-1519.50.The technical picture is mixed. Bollinger Bands are pointed sideways, reflecting the relative calmness of the market. MACD is slowly growing in the positive zone. Stochastic is pointed sideways.Support and resistanceSupport levels: 1501.88, 1497.76, 1492.19.Resistance levels: 1509.34, 1515.63, 1519.50.Trading recommendationsShort positions can be opened below the level of 1501.88 with the target at around 1497.76 and stop-loss 1503.10.Long positions can be opened above the level of 1510.00 with the target at around 1515.63 and stop-loss 1507.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 10, 2019 Share Posted October 10, 2019 USD/CAD: TECHNICAL ANALYSIS 10.10.2019Current trendOn 4-hour chart, the instrument shows a negative dynamic. At the moment the price has met the support at the level of 1.33153,which coincided with the middle line of Bollinger Bands. The breakdown of this level will let the price to fall to the area of 1.33057 (Murray [4/8]). The level of 1.33057 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would be a start for the formation of a downtrend. In this case, the next targets of sellers will be the level of 1.32947-1.32751 (Murray [3/8]).Alternative scenario.The pullback and pair’s sustained trading beyond 1.33250 will let the price to grow to the area of 1.33362. We notice that the area of 1.33250-1.33362 is the strong resistance zone which can prevent the instrument from growing. If the price is set above the level of 1.33437, the upward trend can restore, and the buyers will aim for the 1.33447-1.33667 (Murray [6/8]) resistance zoneTechnical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are pointed sideways.Support and resistanceSupport levels: 1.33057, 1.32947, 1.32751.Resistance levels: 1.33250, 1.33362, 1.33447, 1.33667.Trading recommendationsShort positions can be opened below the level of 1.33057 with the target at around 1.32947-1.32751 and stop-loss 1.33159.Long positions can be opened above the level of 1.33250 with the target at around 1.33362-1.33447 and stop-loss 1.33180. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 10, 2019 Share Posted October 10, 2019 USD/JPY: TECHNICAL ANALYSIS 10.10.2019Current trendUSD/JPY quotes attempted to grow, but reaching 107.770 resistance mark moved to a downward correction. If the sellers manage to decline the rate below the level of 107.422, the correction can continue to the area of 107.218 which coincided with the middle line of Bollinger Bands. Should prices continue slipping under 107.218, the level of 107.031 might try activating a upward reboud. The upward movement will be restored after the price is set above the level of 107.617. In this case, the next targets of buyers will be the level of 107.813 (Murray [4/8]), which is the key level for the short term period. There is a chance of an downward rebound, while its breakout would indicate up trend resumption. In this case, USD/JPY will have its sights on resistance at 108.000.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 resistanceSupport levels: 107.422, 107.227, 107.031.Resistance levels: 107.617, 107.813,108.000.Trading recommendationsLong positions can be opened above the level of 107.617 with the target at around 107.813-107.900 and stop-loss 107.522.Short positions can be opened below the level of 107.422 with the target at around 107.227-107.100 and stop-loss 107.529. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 10, 2019 Share Posted October 10, 2019 EUR/USD: TECHNICAL ANALYSIS 10.10.2019Current trendEUR/USD is trading above its middle middle line of Bollinger bands suggesting bullish momentum. The instrument is now trying to consolidate above the resistance level of 1.09863 (Murray [8/8]). Assuming the pair’s ability to cross this level, the area of 1.10016 (Murray [+1/8]) - 1.10168 (Murray [+2/8]) can be targeted if holding long positions.Alternative scenario.Pullback and pair’s sustained trading below 1.09711 (Murray [7/8]) could lead the price to the 1.09558 (Murray [6/8]) level. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.09406 (Murray [5/8]).Technical indicators reflect the maintenance of the upward potential. MACD is slowly growing in the positive zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Bollinger Bands are pointed sideways.Support and resistanceSupport levels: 1.09711, 1.09558, 1.09406.Resistance levels: 1.09863, 1.10016, 1.10168.Trading recommendationsLong positions can be opened above the level of 1.09930 with the target at around 1.10016-1.10168 and stop-loss 1.09850.Short positions can be opened below the level of 1.09711 with the target at around 1.09558-1.09406 and stop-loss 1.09812. Link to comment Share on other sites More sharing options...
joselcollin Posted October 11, 2019 Share Posted October 11, 2019 We pride ourselves in being upfront and honest with our traders, whether that means a $1,000 winning day or a $1,000 losing day. We want them to see how trades are executed and how to handle the many different scenarios that the stock market can throw at you. It is to this end that Jared and Anmol created Livetraders.com. We have gone through the myriad of pitfalls that this business inevitably dishes out to everyone and we survived through hard work, dedication and passion to success. We were able to do this for 3 main reasons: Dedication, Education and Persistence. Between the 2 of us we have had the opportunity to attend many seminars and try out many different trading chat rooms through the years, and although there is generally good intent at most educational trading firms, they usually lack in the important specific details that are necessary in becoming a profitable professional trader. If you want to know more details please visit here Forex Signals Link to comment Share on other sites More sharing options...
Andy.atx Posted October 11, 2019 Share Posted October 11, 2019 AUD/USD: TECHNICAL ANALYSIS 11.10.2019Current trendOn 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 trend. The price went up above the though resistance 0.67749 and can grow further to the levels of 0.67902-0.68054. The area of 0.67902-0.68054 seem a strong resistance area which can restrict further rise. Further close above 0.68054 level may push AUD/USD more higher towards the area of 0.68137-0.68300. But probably any attempted growth seems more likely to get sold into aggressively near the 0.68054-0.68137.Alternative scenario. Pullback and price sustained trading below 0.67701 level will let the price fall to the 0.67596 support. The breakdown of this level will be a signal for downward movement formation. In this case, the next targets of sellers will be the level of 0.67444. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are growing in the positive zone. Stochastic is ready to left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.Support and resistanceSupport levels: 0.67749, 0.67596, 0.67444.Resistance levels: 0.67814, 0.67902, 0.68054.Trading recommendationsLong positions can be opened above the level of 0.67814 with the target at around 0.67902-0.68054 and stop-loss at 0.67734.Short positions can be opened below the level of 0.67701 with the target at around 0.67596-0.67444 and stop-loss at 0.67786. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 11, 2019 Share Posted October 11, 2019 NZD/USD: TECHNICAL ANALYSIS 11.10.2019Current trendNZD/USD quotes attempted to grow, but reaching 0.63293 mark moved to a downward correction. If the sellers manage to decline the rate below the level of 0.63171, the correction can continue to the area of 0.63100, which coincided with the middle line of Bollinger Bands.Assuming the pair’s ability to cross 0.63100 mark, the level of 0.63019-0.62866 can be targeted if holding short positions. The key “bearish” level is 0.62866 at the lower line of Bollinger bands. The consolidation below it will give the prospect of fall to the levels of 0.62714.Alternative scenario. If NZD/USD cannot consolidate below the level of 0.63100 during short term period, the upward movement restoration and retest of the resistance 0.63324 level are possible. Decisive breakout of 0.63324 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the area of 0.63477-0.63629 levels.On 4-hour chart, technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are converging on the background of bullish momentum. 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 resistanceSupport levels: 0.63171, 0.63019, 0.62866, 0.62714.Resistance levels: 0.63324, 0.63477, 0.63629.Trading recommendationsShort positions can be opened below the level of 0.63100 with the target at around 0.62866 and stop-loss at 0.63178.Long positions can be opened above the level of 0.63324 with the target at around 0.63477-0.63629 and stop-loss at 0.63222. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 11, 2019 Share Posted October 11, 2019 XAU/USD: TECHNICAL ANALYSIS 11.10.2019Current trendOn 4-hour chart, XAU/USD is in the stage of upward correction after falling to the level of 1490.78. The first target of the correction is the level of 1500.00, which corresponds to the middle line of Bollinger Bands. The area of 1500.00 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout and pair’s sustained trading above of the level 1500.00 will let the price grow to the level of 1504.50.Alternative scenario.One may speak about downward movement continuation after the price consolidates below the support level of 1490.00. In this case, the next targets of sellers will be the level of 1484.38.On 4-hour chart, 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 preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.Support and resistanceSupport levels: 1492.19, 1488.12, 1484.38.Resistance levels: 1500.00, 1504.50, 1507.81.Trading recommendationsShort positions can be opened below the level of 1492.19 with the target at around 1488.12 and stop loss at 1493.19.Long positions can be opened above the level of 1500.00 with the target at around 1504.50 and stop loss at 1498.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 14, 2019 Share Posted October 14, 2019 USD/CHF: TECHNICAL ANALYSIS 14.10.2019 Current trend USD/CHF quotes attempted to fall, but reaching 0.99552 (middle line of Bollinger Bands) mark moved to a upward correction. If the "bulls" manage to raise the rate above the level of 0.99640, the correction can continue to the area of 0.99792-0.99945. The area of 0.99945 level seem a key level for the buyers in short term period. There is a chance of an downwards rebound, while its breakout will trigger pair’s fresh run-up to 1.00098 resistance line. Alternative scenario. The downward trend will be restored after the price is set below the level of 0.99487. In this case, the next targets of sellers will be the level of 0.99335-0.99182. The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways. MACD volumes are decreasing in the positive zone. Support and resistance Support levels: 0.99487, 0.99335, 0.99182. Resistance levels: 0.99640, 0.99792, 0.99945. Trading recommendations Short positions can be opened below the level of 0.99487 with the target at around 0.99335-0.99182 and stop-loss at 0.99588. Long positions can be opened above the level of 0.99640 with the target at around 0.99792-0.99945 and stop-loss at 0.99538 Link to comment Share on other sites More sharing options...
Andy.atx Posted October 14, 2019 Share Posted October 14, 2019 USD/CAD: TECHNICAL ANALYSIS 14.10.2019 Current trend The USD/CAD pair begins today’s trading with slight bullish bias due to correction. The price is testing the resistance level of 1.32141. Breakout and pair’s sustained trading beyond this level can accelerate the pair towards 1.34446. Alternative scenario. Pullbacks below 1.32000 could lead the price back to 1.31836 support level. This level seem tough support as break of which can diver market to 1.31705 and 1.31531 support-zone. Technical indicators mostly keep a sell signal but the upward correction is possible in the short term. Bollinger Bands are pointed 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: 1.31836, 1.31531, 1.32226. Resistance levels: 1.32141, 1.32446, 1.32751. Trading recommendations Short positions can be opened below the level of 1.31836 with the target at around 1.31531 and stop-loss 1.31936. Long positions can be opened above the level of 1.32141 with the target at around 1.32446 and stop-loss 1.32041 Link to comment Share on other sites More sharing options...
Andy.atx Posted October 14, 2019 Share Posted October 14, 2019 EUR/USD: TECHNICAL ANALYSIS 14.10.2019 Current trend EUR/USD is in the stage of downward correction after raising to the level of 1.10625. The first target of the correction is the level of 1.10029, which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1.10168 mght be intermediate support during the plunge to correction target. There is a chance of an upward rebound from the area of 1.10029 , while its breakdown would allow the fall to continue to the level of 1.09863, which is the key target for the sellers. Alternative scenario. If the "bulls" manage to raise the rate above the level of 1.10474, the correction can continue to the area of 1.10625. The decisive break of this level is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.10779-1.11084. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is slowly growing in the positive zone. Bollinger Bands are pointed upwards. However, as the Stochastic is in the oversold area, and the price has broken the upper border of Bollinger Bands, the downward correction is not excluded. Support and resistance Support levels: 1.10168, 1.10029, 1.09863. Resistance levels: 1.10474, 1.10625, 1.10779, 1.11084. Trading recommendations Long positions can be opened above the level of 1.10474 with the target at around 1.10625-1.10779 and stop-loss 1.10374. Short positions can be opened below the level of 1.10168 with the target at around 1.10029-1.09863 and stop-loss 1.10268. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 15, 2019 Share Posted October 15, 2019 AUD/USD: TECHNICAL ANALYSIS 15.10.2019 Current trend On 4-hour chart, the instrument is consolidating around the middle line of the Bollinger Bands (0.67749). If the sellers manage to decline the rate below the level of 0.67643, the downward movement can continue to the area of 0.67509-0.67444. The area of 0.67444 level seem a strong support, which can activate an upward rebound. If the price cannot consolidate below the level of 0.67643 during short term period, the price can reverse and retest the resistance level of 0.67884. The general upward trend will be restored after the price is set below the level of 0.67884. In this case, the buyers will aim for the level of 0.68054-0.68102. The technical picture is mixed. Bollinger Bands are converging on the background of bearish momentum. MACD histogram has moved to a decline, forming a weak sell signal. Bollinger Bands are pointed sideways. Support and resistance Support levels: 0.67643, 0.67509, 0.67444. Resistance levels: 0.67749, 0.67884, 0.68054, 0.68102. Trading recommendations Short positions can be opened below the level of 0.67643 with the target at around 0.67509-0.67444 and stop-loss 0.67713. Long positions can be opened above the level of 0.67884 with the target at around 0.68054-0.68102 and stop-loss 0.67811. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 15, 2019 Share Posted October 15, 2019 USD/JPY: TECHNICAL ANALYSIS 15.10.2019 Current trend USD/JPY pair continues to consolidate in the side channel with the borders 108.445-108.277. Meanwhile, the pair has the potential to further downside to the support level of 108.203. The breakdown of this level will be a signal for downward movement development and let the price to fall to the area of 108.027. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the 107.813 mark, which seem a key for the sellers. Alternative scenario. If USD/JPY cannot consolidate below the level of 108.203 during short term period, the upward movement restoration and retest of the resistance level 108.594 are possible. One may speak about upward trend continuation after the price consolidates above this level. In this case, the next targets of buyers will be the area of level of 108.984. Now the technical indicators reflect the low trading activity and moderate developing of the current downward movement. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are 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: 108.203, 108.027, 107.813. Resistance levels: 108.594, 108.984, 109.375. Trading recommendations Short positions can be opened below the level of 108.203 with the target at around 108.027-107.813 and stop-loss 108.336. Long positions can be opened above the level of 108.594 with the target at around 108.984 and stop-loss 108.464. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 15, 2019 Share Posted October 15, 2019 GBP/USD: TECHNICAL ANALYSIS 15.10.2019 Current trend The GBPUSD pair begins today’s trading with slight bullish bias. At the moment the price has met the resistance at the level of 1.26343. Assuming the pair’s ability to cross this level, the mark of 1.26600-1.26953 can be targeted if holding long positions. The level of 1.26953 seem a key level for the buyers. There is a chance of an downward rebound, while its breakout would give the prospect of growth to the levels of 1.27200-1.27300. Alternative scenario. Pullbacks below 1.25732 could lead the price back to the 1.25500 and 1.25329 level. Should prices continue slipping under 1.25329 mark, the level of 1.25122 might try activating an upward rebound. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands and Stochastic are pointed upwards. MACD is actively growing in the positive zone. Support and resistance Support levels: 1.25732, 1.25500, 1.25329, 1.25122. Resistance levels: 1.26343, 1.26600, 1.26953, 1.27200. Trading recommendations Short positions can be opened below the level of 1.25732 with the target at around 1.25500, and stop-loss 1.25809. Long positions can be opened above the level of 1.26343 with the target at around 1.26600 and stop-loss 1.26257. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 16, 2019 Share Posted October 16, 2019 EUR/JPY: TECHNICAL ANALYSIS 16.10.2019 Current trend EUR/JPY is in the stage of downward correction after raising to the level of 120.220. If the sellers manage to decline the rate below the level of 119.740, the correction can continue to the area of 119.531, which coincided with the middle line of Bollinger Bands. This area can prevent the instrument from falling as the possibility of the reverse of the price is high there. Meanwhile, the breakdown and pair’s sustained trading below the 119.531 would be a signal for downtrend formation. In this case, the next targets of sellers will be the level of 119.102. Alternative scenario. One may speak about upward movement continuation after the price consolidates above the resistance level of 120.125. In this case, the buyers will try to retest the resistace area 120.220. We notice, the area of 120.220-120.313 seem a strong resistance area, which can activate an downward rebound. Meanwhile, decisive break of 120.313 level will indicate the up trend resumption and give the prospect of growth to the levels of 120.514-120.706. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD is 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: 119.740, 119.531, 119.102. Resistance levels: 120.220, 120.313, 120.514. Trading recommendations Short positions can be opened below the level of 119.740 with the target at around 119.531 and stop loss at 119.810. Long positions can be opened above the level of 120.220 with the target at around 120.313-120.514 and stop loss at 120.122. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 16, 2019 Share Posted October 16, 2019 XAU/USD: TECHNICAL ANALYSIS 16.10.2019 Current trend On 4-hour chart, XAU/USD is in the stage of upward correction after falling to the level of 1477.15. At the moment has met the significant resistance around of the level 1484.61. Assuming the pair’s ability to cross this level, the mark of 1488.82 can be targeted if holding long positions. The level of 1488.82 (corresponds to the middle line of Bollinger Bands) seem a key correction target. There is a chance of an downward rebound, while its breakout would allow the growth to continue to the area of 1492.19 level. Alternative scenario. The downward trend will be restored after the price is set below the level of 1476.56. In this case, the next targets of sellers will be the level of 1468.75, which is the key level for the sellers in shor term period. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging on the background of bearish momentum. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 1476.56, 1468.75, 1460.94. Resistance levels: 1484.61, 1488.82, 1492.19. Trading recommendations Short positions can be opened below the level of 1476.56 with the target at around 1468.75 and stop loss at 1478.80. Long positions can be opened above the level of 1484.61 with the target at around 1488.82-1492.19 and stop loss at 1482.30. Link to comment Share on other sites More sharing options...
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