Andy.atx Posted October 16, 2019 Share Posted October 16, 2019 NZD/USD: TECHNICAL ANALYSIS 16.10.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The instrument is now testing the level of 0.62714. Breakdown and sustained trading below this level will let the price fall to the area of 0.62561. The area of 0.62561 level seem a key level for the sellers. There is a high chance of an upward rebound, while its breakout would be a start for new downtrend. In this case, the next targets of sellers will be the level of 0.624080-0.62256. Alternative scenario. If NZD/USD cannot consolidate below the level of 0.62561 during short term period, the upward movement restoration and retest of 0.621714 resistance level are possible. The upward trend will be restored after the price is set above the level of 0.62866. In this case the buyers will aim for the 0.63019-0.63184 resistance area. The area of 0.63184 seem a key bullish level, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout and consolidation above it will give the prospect of growth to the levels of 0.63324-0.63477. On 4-hour chart, 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’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.62690, 0.62561, 0.62408, 0.62256. Resistance levels: 0.62748, 0.62866, 0.63019, 0.63171. Trading recommendations Short positions can be opened below the level of 0.62690 with the target at around 0.62561-0.62408 and stop-loss at 0.62784. Long positions can be opened above the level of 0.62866 with the target at around 0.63019-0.63171 and stop-loss at 0.62764. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 17, 2019 Share Posted October 17, 2019 USD/CHF: TECHNICAL ANALYSIS 17.10.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now we can see a slight upward correction is forming, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 0.99380, the correction can continue to the area of 0.99487-0.99522. There is a chance of an downwards rebound, while its breakout will accelarate the pair towards 0.99640 resistance line. The level of 0.99640 will be a key level for the buyers. Alternative scenario. The downward trend will be restored after the price is set below the level of 0.99279. In this case, the next targets of sellers will be the level of 0.99182-0.99030. 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. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.99335, 0.99182, 0.99030. Resistance levels: 0.99487, 0.99640, 0.99792. Trading recommendations Short positions can be opened below the level of 0.99279 with the target at around 0.99182-0.99030 and stop-loss at 0.99331. Long positions can be opened above the level of 0.99380 with the target at around 0.99640 and stop-loss at 0.99293. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 17, 2019 Share Posted October 17, 2019 USD/CAD: TECHNICAL ANALYSIS 17.10.2019 Current trend On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price is approaching a strong resistance in the region of 1.32141, which corresponds to the middle line of Bollinger Bands and may be a key target of correction. There is a chance of an downward rebound, while its breakdown would allow the growth to continue to the area of 1.32367. Alternative scenario. If USD/CAD cannot consolidate above the level of 1.32141 during short term period, the downward movement restoration and retest of the support level 1.31836 are possible. The downward trend will be restored after the price is set below the level of 1.31836. In this case, the next targets of sellers will be the level of 1.31531. 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 pointed upwards, reflecting the possibility of the upward movement formation. Support and resistance Support levels: 1.32094, 1.31836, 1.31531. Resistance levels: 1.32141, 1.32367, 1.32446. 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 17, 2019 Share Posted October 17, 2019 EUR/USD: TECHNICAL ANALYSIS 17.10.2019 Current trend EUR/USD quotes attempted to grow, but reaching 1.10852 mark moved to a downard corrcretion. If the sellers manage to decline the rate below the level of 1.10745, the correction can continue to the area of 1.10626-1.10474. The area of 1.10370 will be a key zone for the shor term sellers. Alternative scenario. The upward trend will be restored after the price is set above the level of 1.10852. In this case, the buyers will ai for level of 1.11084 resistance, which seem a key level. There is a chance of an downward rebound, while its breakout would accelarete the upward trajectory in direction of level 1.11389. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD is growing in the positive zone. Bollinger Bands are diverging on the background of bullish momentum. 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: 1.10779, 1.10626, 1.10474. Resistance levels: 1.10745, 1.11084, 1.11389. Trading recommendations Long positions can be opened above the level of 1.10852 with the target at around 1.10625-1.10779 and stop-loss 1.10773. Short positions can be opened below the 1.10779 of 1.10168 with the target at around 1.10626-1.10474 and stop-loss 1.10880. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 18, 2019 Share Posted October 18, 2019 AUD/USD: TECHNICAL ANALYSIS 18.10.2019 Current trend On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 0.68380. Assuming the pair’s ability to cross this level, the mark of 0.68512 can be targeted if holding long positions. The area of 0.68512-0.68665 seem a strong resistance area which can restrict further rise. Meanwhile, the breakout of 0.68665 will accelerate the bullish momentum and give the prospect of growth to the level of 0.68831. Alternative scenario. If the sellers manage to decline the rate below the level of 0.68207, the correction can continue to the area of 0.68054. Should prices continue slipping under 0.68054 mark, the level of 0.67902 might try activating an upward rebound. Technical indicators reflect the maintenance of the current upward dynamics. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought area and is pointed sideways. Support and resistance Support levels: 0.68207, 0.68054, 0.67902. Resistance levels: 0.68380, 0.68512, 0.68665. Trading recommendations Long positions can be opened above the level of 0.68380 with the target at around 0.68512-0.68665 and stop-loss 0.68285. Short positions can be opened below the level of 0.68207 with the target at around 0.68054-0.67902 and stop-loss 0.68308. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 18, 2019 Share Posted October 18, 2019 USD/JPY TECHNICAL ANALYSIS 18.10.2019 Current trend On 4-hour chart, the instrument is trading below the middle line of Bollinger Bands suggesting bearish momentum. If the sellers manage to decline the rate below the level of 108.447, the downward movement can continue to the area of 108.203. This area seem a stronh support level, which can activate an upward rebound. Meanwhile, the breakdown and pair' sustained trading below this level will give the prospect of fall to the levels of 107.961-107.813. Alternative scenario. Pullback above the middle line Bollinger Bands (108.680) may be a start for upward movement formation. One may speak about upward movement continuation after the price consolidates above the resistance level of 108.933. In this case, the next targets of buyers will be the level of 109.375. 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 sideways. Support and resistance Support levels: 108.517, 108.203, 107.813. Resistance levels: 108.680, 108.933, 109.375. Trading recommendations Long positions can be opened above the level of 108.680 with the target at around 108.933 and stop-loss 108.595. Short positions can be opened below the level of 108.517 with the target at around 108.203 and stop-loss 108.621. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 18, 2019 Share Posted October 18, 2019 GBP/USD: TECHNICAL ANALYSIS 18.10.2019 Current trend The GBP/USD pair begins today’s trading with slight bearish bias. If the current trend maintains, the next targets of sellers will be the level of 1.28174. Assuming the pair’s ability to cross this level, the mark of 1.27755 (the middle line of Bollinger bands) can be reached as key target of correction. The area of 1.27555-1.27487 can activate an upward rebound, while its breakdown would allow the fall to continue. to the area of 1.26953 level, which seem a ley level for the sellers in short term period. Alternative scenario. If the instrument cannot consolidate below the level of 1.28174 during short term perod, the price can reverse and retest the resistance level of 1.28904. The upward trend will be restored after the price is set above the level of 1.28904. In this case, the next targets of buyers will be the level of 1.29395. Technical indicators maintain a sell signal. Bollinger Bands are converginh on the background of bearish momentum. MACD histogram has moved to a decline in positiv zone, forming a weak sell signal. Stochastic is pointed downwards. Support and resistance Support levels: 1.28174, 1.27566, 1.26953. Resistance levels: 1.28904, 1.29395, 1.29885. Trading recommendations Short positions can be opened below the level of 1.28100 with the target at around 1.27566, and stop-loss 1.25278. Long positions can be opened above the level of 1.28904 with the target at around 1.29395 and stop-loss 1.28767. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 21, 2019 Share Posted October 21, 2019 EUR/JPY: TECHNICAL ANALYSIS 21.10.2019 Current trend EUR/JPY quotes attempted to grow, but reaching 121.133 mark moved to a downard correction. If the sellers manage to decline the rate below the level of 120.984, the correction can continue to the area of 120.687, which coincided with the middle line of Bollinger Bands. The level of 120.687 seem a key target of correction. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to thr area of 120.313 level. Alternative scenario. The upward trend will be restored after the price is set above the level of 121.094. In this case, the buyers will aim for the level of 121.347 level. The area of 121.347 level is a strong resistance area, which can prevent the instrument from growing. Meanwhile, the decisive break of 121.347 level will indicate the up trend resumption and let the price to grow to the area of 121.518 level. Technical indicators mostly reflect the moderate maintenance of the downward correction. MACD volumes are decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Bollinger Bands are pointed upwards. Support and resistance Support levels: 120.984, 120.687, 120.313. Resistance levels: 121.094, 121.347, 121.518. Trading recommendations Short positions can be opened below the level of 120.984 with the target at around 120.687 and stop loss at 121.083. Long positions can be opened above the level of 121.094 with the target at around 121.347 and stop loss at 121.000. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 21, 2019 Share Posted October 21, 2019 XAU/USD: TECHNICAL ANALYSIS 21.10.2019 Current trend XAU/USD continues to consolidate in the narrow side channel with the borders 1489.03-1492.22. If the sellers manage to decline the rate below the level of 1489.03, the falling can continue to the area of 1484.38. This level seem a key sellers' target for near-term period. The breakdown of this level will be a signal for downward trend formation and let the price fall to the level of 1480.47. Alternative scenario. One may speak about upward movement continuation after the price consolidates above the resistance level of 1493.39. In this case, the next targets of buyers will be the level of 1497.29-1500.00. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are insignificant in the negative zone and are moving along the zero line. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1489.03, 1484.38, 1480.47. Resistance levels: 1493.39, 1497.29, 1500.00. Trading recommendations Short positions can be opened below the level of 1489.03 with the target at around 1484.38 and stop loss at 1490.63. Long positions can be opened above the level of 1493.39 with the target at around 1497.29-1500.00 and stop loss at 1491.26. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 21, 2019 Share Posted October 21, 2019 NZD/USD: TECHNICAL ANALYSIS 21.10.2019 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 trend. If the current trend maintains, the next targets of buyers will be the level of 0.64087. The level of 0.64087 seem a strong level which might be intermediate hurdle on the background to sustained upward dynamic. Meanwhile, the decisive break of 0.64087 level will fuel the upward trajectory and give a prospect of growth to the level of 0.64231. Alternative scenario. If NZD/USD cannot consolidate above the level of 0.64087, the downward movement initialization and retest of the level 0.63782 are possible. The downward trend will be restored after the price is set below the level of 0.63693. In this case, the next targets of sellers will be the level of 0.63477. 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 is ready to left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 0.63919, 0.63782, 0.63477. Resistance levels: 0.64087, 0.64231, 0.64428. Trading recommendations Short positions can be opened below the level of 0.63782 with the target at around 0.63477 and stop-loss at 0.63883. Long positions can be opened above the level of 0.64087 with the target at around 0.64231-0.64428 and stop-loss at 0.63973. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 22, 2019 Share Posted October 22, 2019 USD/CHF: TECHNICAL ANALYSIS 22.10.2019 Current trend The USD/CHF pair begins today’s trading with slight bullish bias amid the correction. The price is approaching a strong resistance in the region of 0.98700, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakout would allow the growth to continue to the area of 0.98877 level. This mark will be a key level for the buyers is short term period. The breakout of this level will be a signal for upward trend formation. Alternative scenario. If USD/CHF cannot consolidate above the level of 0.98700, the downward movement restoration and retest of the support level 0.98389 are possible. One may speak about downward trend continuation after the price consolidates below the support level of 0.98389. In this case, the next targets of sellers will be the level of 0.98267-0.97961. Technical indicators reflect the maintenance of the upward correction potential. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards. Bollinger Bands are converging on the background of bullish momentum. Support and resistance Support levels: 0.98572, 0.98389, 0.98267, 0.97961. Resistance levels: 0.98700, 0.98877, 0.99000. Trading recommendations Short positions can be opened below the level of 0.98572 with the target at around 0.98389 and stop-loss at 0.98673. Long positions can be opened above the level of 0.98700 with the target at around 0.98877-0.99000 and stop-loss at 0.98600. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 22, 2019 Share Posted October 22, 2019 USD/CAD: TECHNICAL ANALYSIS 22.10.2019 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now we can see a slightly upward correction, but the general downward trend is still maintained. If the "bulls" manage to raise the rate above the level of 1.30917, the correction can continue to the area of 1.31226, which coincided with the middle line of Bollinger Bands. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile the breakout and consolidation above it will give the prospect of growth to the levels of 1.31378-1.31531. Alternative scenario. The downward trend will be restored after the price is set below the level of 1.30702. In this case, the next targets of sellers will be the level of 1.30615. The level of 1.30615 seem a strong support area, after the decisive breakdown of which, it is better to enter the market with new sell orders. Pair’s sustained trading below this level will let the price to fall to the area of 1.30320. 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 is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1.30702, 1.30615, 1.30320. Resistance levels: 1.30917, 1.31226, 1.31531. Trading recommendations Short positions can be opened below the level of 1.30702 with the target at around 1.30615-1.30320 and stop-loss 1.30829. Long positions can be opened above the level of 1.30917 with the target at around 1.31226 and stop-loss 1.30814. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 22, 2019 Share Posted October 22, 2019 EUR/USD: TECHNICAL ANALYSIS 22.10.2019 Current trend EUR/USD continues to consolidate in the narrow side channel with the borders 1.11422-1.11563 after a significant growth over the last week. Now the instrument has the potential to further downward movement. If the sellers manage to decline the rate below the suport level of 1.11389, the downward movement can continue to the area of 1.11237-1.11084. The level of 1.11084 will be a key level for the sellers. There is a chance of an upward rebound, while its breakdown would allow allow the fall to continue to the area of 1.10779. Alternative scenario. If the instrument cannot consolidate below the level of 1.11389 the upward movement restoration and retest of the resistance zone 1.11694-1.11790 are possible. The decisive break of 1.11790 is needed to indicate up trend resumption. In this case, the next targets of buyers will be the level of 1.12000. The technical picture is mixed. Bollinger Bands and Stochastci are pointed sideways. MACD volumes are decreasing in the positive zone, forming a weak sell signal. Support and resistance Support levels: 1.11389, 1.11084, 1.10779. Resistance levels: 1.11694, 1.12000, 1.12305. Trading recommendations Short positions can be opened below the level of 1.11389 with the target at around 1.11084 and stop-loss 1.11490. Long positions can be opened above the level of 1.11694 with the target at around 1.12000 and stop-loss 1.11594. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 23, 2019 Share Posted October 23, 2019 AUD/USD: TECHNICAL ANALYSIS 23.10.2019 Current trend AUD/USD is in the stage of upward correction after falling to the level of 0.68332. The first target of the correction is the level of 0.68554, which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue to the area of 0.68665-0.68778 levels. Alternative scenario. If AUD/USD cannot consolidate above the level of 0.68554, the downward movement restoration and retest of the support level 0.68359 are possible. One may speak about downward movement continuation after the price consolidates below the level of 0.68332. In this case, the next targets of sellers will be the level of 0.68054. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.68359, 0.68054, 0.67749. Resistance levels: 0.68554, 0.68778, 0.68970. Trading recommendations Long positions can be opened above the level of 0.68554 with the target at around 0.68778 and stop-loss 0.68479. Short positions can be opened below the level of 0.68332 with the target at around 0.68054 and stop-loss 0.68424. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 23, 2019 Share Posted October 23, 2019 USD/JPY: TECHNICAL ANALYSIS 23.10.2019 Current trend USD/JPY is in the stage of upward correction after falling to the level of 108.245. If the "bulls" manage to raise the rate above the level of 108.415, the correction can continue to the area of 108.594, at the middle line of Bollinger bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue to the area of 108.723-108.789. This area seem a key resistance zone for the buyers in near-term period. Decisive break of 108.789 can accelerate the pair towards 108.984 resistance. Alternative scenario. If USD/JPY cannot consolidate above the level of 108.415 during short term period, the pullback and retest of the support level 108.245 are possible. The downward trend will be restored after the price is set below the level of 108.203. In this case, the next targets of sellers will be the level of 108.008. The technical picture is mixed. Bollinger Bands are pointed downwards. The volumes of MACD histogram are slightly growing in the negative zone. Stochastic is pointed upwards. Support and resistance Support levels: 108.203, 108.008, 107.813. Resistance levels: 108.415, 108.594, 108.723, 108.984. Trading recommendations Long positions can be opened above the level of 108.594 with the target at around 108.723-108.984 and stop-loss 108.464. Short positions can be opened below the level of 108.203 with the target at around 108.008-107.813 and stop-loss 108.303. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 23, 2019 Share Posted October 23, 2019 GBP/USD: TECHNICAL ANALYSIS 23.10.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. If the current trend maintains, GPP/USD will reach 1.28174 support line. There is a chance of an upward rebound, while its breakdown would indicate the downtrend resumption. In this case, the next targets of sellers will be the level of 1.27869. We notice, slightly overbought Stochastic on H1 chars reflecting the possibility of the upward correction formation. Alternative scenario. If the "bulls" manage to raise the rate above the level of 1.28722, the correction can continue to the area of 1.29190, which coincided with the middle line of Bollinger Bands. The level of 1.29190 seem a key bullish level for the short term period. The breakout of this level will let the price to grow to the area of 1.29395-1.29860. Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD histogram has moved to a decline in positive zone. Stochastic is in the overbought zone and is pointed sideways. Support and resistance Support levels: 1.28174, 1.27869, 1.27566. Resistance levels: 1.28722, 1.29190, 1.29395. Trading recommendations Short positions can be opened below the level of 1.28174 with the target at around 1.27869, and stop-loss 1.28275. Long positions can be opened above the level of 1.28722 with the target at around 1.29190 and stop-loss 1.28566. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 24, 2019 Share Posted October 24, 2019 EUR/JPY: TECHNICAL ANALYSIS 24.10.2019 Current trend EUR/JPY quotes attempted to grow, but reaching 121.046 mark moved to a downard correction The instrument is now consolidating around the middle line of Bollinger Bands (120.893). In order to continue the downward dynamic EUR/JPY is need to consolidate below this level. In this case, the next targets of sellers will be the area of levels of 120.635-120.313. Alternative scenario. If the instrument cannot consolidate below the level of 120.893 during short term period, it will begin to grow to the area of 121.094. In case the pair manage to cross the 121.094 hurdle, the upward trend can restore, and the instrument can retest the resistance level of 121.464. The area of 121.464 level is a strong resistance area, which can prevent the instrument from growing. The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are slightly 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: 120.893, 120.635, 120.313. Resistance levels: 121.094, 121.464, 121.875. Trading recommendations Short positions can be opened below the level of 120.893 with the target at around 120.635-120.500 and stop loss at 121.024. Long positions can be opened above the level of 121.094 with the target at around 121.464 and stop loss at 120.970. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 24, 2019 Share Posted October 24, 2019 XAU/USD: TECHNICAL ANALYSIS 24.10.2019 Current trend XAU/USD shows a moderate positive dynamic. If the "bulls" manage to raise the rate above the level of 1493.53, the growth can continue to the area of 1496.21. There is a high chance of an downward rebound. Meanwhile, the breakout of this level can accelerate the pair towards 1500.00 resistance, that is the key level for the buyers in short term period. Alternative scenario. The pullback below 1491.33 level could lead the price to the 1488.07 mark, which coincided with the middle line of Bollinger Bands. The break down of this level will be a signal for downward movement resumption and give the prospect of falling to 1484.07 level. Technical indicators mostly reflect the maintenance of the moderate upward dynamics. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 1488.07, 1484.07, 1482.66. Resistance levels: 1493.53, 1496.21, 1500.00. Trading recommendations Long positions can be opened above the level of 1493.53 with the target at around 1496.21 and stop loss at 1492.53. Short positions can be opened below the level of 1488.07 with the target at around 1484.07 and stop loss at 1489.37. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 24, 2019 Share Posted October 24, 2019 NZD/USD: TECHNICAL ANALYSIS 24.10.2019 Current trend The NZD/USD pair begins today’s trading with slight bearish bias. The price went down blow the level of middle line of Bollinger Bands (0.64087) and can fall further to the area of levels of 0.63944-0.63782. The area of 0.63782 level seem a key level for the selles in short term period, which can activate an upward rebound. Meanwhile, the breakdown of this mark will be a signal for downward trend formation. In this case, the next targets of sellers will be the level of 0.63477. Alternative scenario. The pullback and pair’s sustained trading beyond 0.64087 mark will push the price back to 0.64255 (local max at upper line Bollinger Bands). Further close above this level may push NZD/USD even higher towards the level of 0.64348, which seem a strong resistance. Decisive breakout of 0.64348 is needed to indicate the upward trend resumption. Technical indicators reflect the maintenance of the downward potential. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands diverge indicating the preservation of the decreasing tendency. Support and resistance Support levels: 0.64011, 0.63782, 0.63477. Resistance levels: 0.64087, 0.64255, 0.64348. Trading recommendations Short positions can be opened below the level of 0.64011 with the target at around 0.63782 and stop-loss at 0.64087. Long positions can be opened above the level of 0.64087 with the target at around 0.64255-0.64348 and stop-loss at 0.64000. Link to comment Share on other sites More sharing options...
Andy.atx Posted October 25, 2019 Share Posted October 25, 2019 EUR/USD: TECHNICAL ANALYSIS 25.10.2019 Current trend On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. The price went down below the strong support level of 1.11084 and can fall further to the levels of 1.10926, 1.10779. The 1.10779 level seem a key level for the sellers in short term period. Alternative scenario. Pullback above 1.11106 will let the price to grow to the area of 1.11234 which coincided with the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the growth to continue to the area of 1.11389-1.11532. Technical indicators reflect the maintenance of the downward potential. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the overbought zone and is pointed sideways. Support and resistance Support levels: 1.11063, 1.10926, 1.10779. Resistance levels: 1.11084, 1.11234, 1.11389, 1.11532. Trading recommendations Short positions can be opened below the level of 1.11063 with the target at around 1.10779 and stop-loss 1.11157. Long positions can be opened above the level of 1.11234 with the target at around 1.11389-1.11532 and stop-loss 1.11134. Link to comment Share on other sites More sharing options...
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