Andy.atx Posted May 15, 2020 Share Posted May 15, 2020 USD/CAD: TECHNICAL ANALYSIS 15.05.20 Current trend USD/CAD is trading below the middle line of Bollinger bands suggesting bearish momentum. At the moment the price has met the support at the level of 1.40381. The breakdown of this level will be a signal of the downward trend resumption and give a prospect of decline to the area of 1.40076 support. This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown of 1.40000 and a sustained move below it will let the price resume the bearish price action. In this case, the sellers will aim for the 1.39771. Alternative scenario The upward rebound from 1.40381 and pullback above 1.40686 will be a sign of the upward trend resumption and give a prospect of the growth to the area of 1.40991 resistance. Further close above this level may push USD/CAD even higher towards the area of 1.41296. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.40381, 1,40076, 1.39771, 1.39465. Resistance levels: 1.40686, 1.40991, 1.41296. Trading recommendations Short positions can be opened below the level of 1.40381 with the target at around 1.40076 and stop-loss at 1.40482. Long positions can be opened above the level of 1.40686 with the target at around 1.40991 and stop-loss at 1.40584. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 15, 2020 Share Posted May 15, 2020 EUR/USD: TECHNICAL ANALYSIS 15.05.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. At the moment the price has met the resistance at the level of 1.08032. If the "bulls" manage to raise the rate above this level, the correction can continue to the area of 1.08230-1.08337, which coincided with the middle line of Bollinger Bands. There is a chance of a downward reverse of the price. However, the decisive breakout of 1.08337 and the pair’s sustained trading above it will indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.08643. Alternative scenario The downward rebound from 1.08032 and pullback below 1.08000 will be a sign of the downward movement resumption and let the price decline to the area of 1.07727 support. One may speak about downward movement continuation after the price consolidates below the support level of 1.07700. In this case, the sellers will aim for the 1.07422 level. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.07727, 1.07422, 1.07112. Resistance levels: 1.08032, 1.08337, 1.08643. Trading recommendations Short positions can be opened below the level of 1.07727 with the target at around 1.07422 and stop-loss at 1.07828. Long positions can be opened above the level of 1.08337 with the target at around 1.08643 and stop-loss at 1.08240. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 15, 2020 Share Posted May 15, 2020 EUR/USD: TECHNICAL ANALYSIS 15.05.20 Current trend On the 4-hour chart, the instrument keeps a moderate positive dynamic. At the moment the price has met the resistance at the level of 1.08032. If the "bulls" manage to raise the rate above this level, the correction can continue to the area of 1.08230-1.08337, which coincided with the middle line of Bollinger Bands. There is a chance of a downward reverse of the price. However, the decisive breakout of 1.08337 and the pair’s sustained trading above it will indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.08643. Alternative scenario The downward rebound from 1.08032 and pullback below 1.08000 will be a sign of the downward movement resumption and let the price decline to the area of 1.07727 support. One may speak about downward movement continuation after the price consolidates below the support level of 1.07700. In this case, the sellers will aim for the 1.07422 level. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.07727, 1.07422, 1.07112. Resistance levels: 1.08032, 1.08337, 1.08643. Trading recommendations Short positions can be opened below the level of 1.07727 with the target at around 1.07422 and stop-loss at 1.07828. Long positions can be opened above the level of 1.08337 with the target at around 1.08643 and stop-loss at 1.08240. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 19, 2020 Share Posted May 19, 2020 EUR/JPY: TECHNICAL ANALYSIS 19.05.20 Current trend EUR/JPY continues to consolidate in the narrow side channel 117.016-117.343 after significant growth over the last trading session. If the sellers manage to decline the rate below the level of 117.000, the downward correction can continue to the area of 116.797 level. This mark can activate an upward rebound, while its breakdown would accelerate the downward trajectory and let the price decline to the area of 116.406 support. Alternative scenario The upward rebound from 117.016 and pullback above 117.200 will let the price re-test today's high 117.343. The breakout of this level can push the pair towards 117.578 resistance. This level can prevent the pair from the growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 115.600 and sustained trading above it will give a prospect of the growth to the area of 117.754-117.969. Technical indicators 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 is growing in a 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: 117.000, 116.797, 116.406. Resistance levels: 117.343, 117.578, 117.754, 117.969. Trading recommendations Short positions can be opened below the level of 116.797 with the target at around 116.450 and stop-loss at 116.912. Long positions can be opened above the level of 117.343 with the target at around 117.620 and stop-loss at 117.250. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 19, 2020 Share Posted May 19, 2020 XAU/USD: TECHNICAL ANALYSIS 19.05.20 Current trend XAU/USD is restoring after the fall to the level of 1727.43. The price went up above the middle line of Bollinger Bands (1735.00) and can grow further to the level of 1742.19. This level seems a first strong resistance, which can activate a downward rebound of the price. However, the breakout of the 1742.19 will accelerate the growth towards 1747.00-1750.00 resistance. Alternative scenario The downward rebound from 1740.19 and pullback below 1734.37 will let the price re-test the 1726.56 support. The decisive breakdown of this level is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1720.00-1718.75 level. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive 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: 1734.37, 1730.00, 1726.56, 1720.00, 1718.75. Resistance levels: 1742.19, 1747.00, 1750.00, 1757.81. Trading recommendations Short positions can be opened below the level of 1734.37 with the target at around 1727.00 and stop-loss at 1736.30. Long positions can be opened above the level of 1742.19 with the target at around 1748.00 and stop-loss at 1740.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 19, 2020 Share Posted May 19, 2020 NZD/USD: TECHNICAL ANALYSIS 19.05.20 Current trend On a 4-hour chart, the instrument keeps a positive dynamic amid the general weakness of th US dollar. The price has tested the resistance level of 0.60570 and was slightly corrected downwards, but the upward trend maintains. Should prices continue growing above the 0.60570, the next strong resistance for the pair will be 0.60730 level. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 0.61035 mark. Alternative scenario The pullback below 0.60315 will be a sign of the downward correction development and let the price decline to the area of 0.60120 support. The breakdown of this level is needed to confirm the correction's potential. In this case, the sellers will aim for 0.59814 level, which coincided with the middle line of Bollinger Bands. This mark seems a key target of the downward correction, which can activate an upward reverse of the price. The downward trend will be restored after the price is set below the level of 0.59800. In this case, the next targets of sellers will be the level of 0.59509. Technical indicators 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 is decreasing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.60315, 0.60120, 0.59814, 0.59509. Resistance levels: 0.60570, 0.60730, 0.61035, 0.61340. Trading recommendations Short positions can be opened below the level of 0.60120 with the target at around 0.59814 and stop-loss at 0.60222. Long positions can be opened above the level of 0.60730 with the target at around 0.61035 and stop-loss at 0.60628. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 20, 2020 Share Posted May 20, 2020 EUR/USD: TECHNICAL ANALYSIS 20.05.20 Current trend EUR/USD quotes attempted to decline, but reaching 1.09181 mark moved to growth. The price went up above the level of 1.09300 and can grow further to the level of 1.09588, which seems a first strong resistance for the pair. There is a chance of a downward rebound, while its breakout would allow the pair to re-test the yesterday' high surrounding 1.09755. The decisive breakout of 1.09863 is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 1.10168 mark. Alternative scenario The downward rebound from 1.09558 will let the price re-test the 1.09253 support. Pair’s sustained trading below this level will give a prospect of decline to the area of 1.08948 support line. One may speak about downward movement continuation after the price consolidates below the support level of 1.08900. In this case, the next targets of sellers will be the level of 1.08643, which coincided with the middle line of Bollinger Bands. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic lines are pointed sideways. Support and resistance Support levels: 1.09253, 1.08948, 1.08643. Resistance levels: 1.09558, 1.09863, 1.10168. Trading recommendations Short positions can be opened below the level of 1.08900 with the target at around 1.08643 and stop-loss at 1.08985. Long positions can be opened above the level of 1.09558 with the target at around 1.09863 and stop-loss at 1.09456. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 20, 2020 Share Posted May 20, 2020 USD/CAD: TECHNICAL ANALYSIS 20.05.20 Current trend The USD/CAD pair begins today’s trading with a slight bearish bias. Price has tested the 1.39598 resistance but cannot break through it. The first strong support for the USD/CAD is located on the 1.39160 level. This mark can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the breakdown of this level will let the price decline to the area of 1.38855 -1.38656 support. Alternative scenario If the "bulls" manage to raise the rate above the level of 1.39598, the correction can continue to the area of 1.39771. Should prices continue growing above 1.39800, the key correction target around 1.40076 can activate a downward rebound of the price. The upward trend will be restored after the price is set above the level of 1.40100, which is the middle line of Bollinger Bands. In this case, the buyers will aim for the 1.40381 level. Technical indicators 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 negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.39160, 1.38855, 1.38656. Resistance levels: 1.39465, 1.39771, 1.40076. Trading recommendations Short positions can be opened below the level of 1.39160 with the target at around 1.38855 and stop-loss at 1.39261. Long positions can be opened above the level of 1.39771 with the target at around 1.40076 and stop-loss at 1.39669. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 20, 2020 Share Posted May 20, 2020 USD/CHF: TECHNICAL ANALYSIS 20.05.20 Current trend On the 4-hour chart, the instrument keeps a moderate negative dynamic. If the current trend maintains, the next target of the sellers will be 0.96893 support. The breakdown of this level will give a prospect of decline to the 0.96759 support line. The area of 0.96759-0.96741 seems a strong support zone, which can activate an upward reverse of the price. However, the decisive breakdown of 0.96741 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.96588 support. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.97046, the correction can continue to the area of 0.97148-0.97198, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.97274. In this case, the next targets of buyers will be the area of 0.97351-0.97500. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.96941, 0.96893, 0.96741, 0.96645. Resistance levels: 0.97046, 0.97198, 0.97351, 0.97500. Trading recommendations Short positions can be opened below the level of 0.96893 with the target at around 0.96645 and stop-loss at 0.96975. Long positions can be opened above the level of 0.97274 with the target at around 0.97500 and stop-loss at 0.97197. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 21, 2020 Share Posted May 21, 2020 AUD/USD: TECHNICAL ANALYSIS 21.05.20 Current trend On the 4-hour chart, the instrument keeps a moderate negative dynamic amid the correction. The key target of the downward correction is the 0.65308 level, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakdown would accelerate the downward dynamic towards 0.65002 support. Alternative scenario The upward rebound from 0.65613 and pullback above 0.65768 will let the price re-test the 0.65918-0.66025 resistance zone. The breakout of the upper border will give a prospect of the growth to yesterday's high 0.66154. One may speak about downward movement continuation after the price consolidates above the resistance level of 0.66223. In this case, the buyers will aim for the 0.66528 resistance. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Support and resistance Support levels: 0.65613, 0.65308, 0.65002. Resistance levels: 0.65918, 0.66223, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65300 with the target at around 0.65000 and stop-loss at 0.65400. Long positions can be opened above the level of 0.65918 with the target at around 0.66223 and stop-loss at 0.65820. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 21, 2020 Share Posted May 21, 2020 USD/JPY: TECHNICAL ANALYSIS 21.05.20 Current trend USD/JPY is in the stage of a downward correction after growing to the level of 107.748. At the moment the price has met the support at the level of 107.617. The upward rebound from 107.617 and pullback above 107.748 will let the price grow to the 107.813 resistance. The decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim for the 108.008-108.203 resistance area. Alternative scenario If the sellers manage to decline the rate below the level of 107.600, the downward correction can continue to the area of 107.503-107.412. The lower border of this channel can activate an upward reverse of the price. Meanwhile, the breakdown of 107.400 will let the price decline to the area of 107.227-107.031 support. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are pointed upwards. MACD is growing in a positive zone. Stochastic is pointed upwards. Support and resistance Support levels: 107.617, 107.422, 107.227, 107.031. Resistance levels: 107.813, 108.008, 108.203. Trading recommendations Long positions can be opened above the level of 107.813 with the target at around 108.000-108.100 and stop-loss at 107.713. Short positions can be opened below the level of 107.400 with the target at around 107.227-107.100 and stop-loss at 107.500. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 21, 2020 Share Posted May 21, 2020 GBP/USD: TECHNICAL ANALYSIS 21.05.20 Current trend The GBP/USD pair begins today’s trading with a slight bearish bias. The price went down below 1.22070 support (which coincided with the middle line of Bollinger Bands) and can decline further to the level 1.21737. This level will be the first support, which can activate an upward rebound. However, the decisive breakdown of 1.21700 will accelerate the plunge towards 1.21460 support. Alternative scenario If the price cannot consolidate above the level of 1.21900, the price can reverse and retest the resistance level of 1.22070. The breakout of 1.22100 and a sustained move above it will let the price re-test 1.22432 resistance. Should prices continue growing above 1.22432, the area of 1.22681-1.22869 might try activating a downward rebound. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.23291. Technical indicators Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic is in the oversold zona and is pointed upwards, reflecting the high possibility of the upward movement formation. Support and resistance Support levels: 1.21913, 1.21737, 1.21460. Resistance levels: 1.22432, 1.22681, 1.22869, 1.23291. Trading recommendations Short positions can be opened below the level of 1.21737 with the target at around 1.21460 and stop-loss at 1.21829. Long positions can be opened above the level of 1.22432 with the target at around 1.22700 and stop-loss at 1.22342. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 22, 2020 Share Posted May 22, 2020 EUR/JPY: TECHNICAL ANALYSIS 22.05.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below the level of 117.578 and can fall further to the level of 117.188. Assuming the pair’s ability to cross this level, the mark of 116.800 can be targeted if holding short positions. Alternative scenario The upward rebound from 117.188 and pullback above the 117.300 resistance will let the price re-test the 117.578 level. The breakout of this level will confirm the upward correction development and let the price-retest 117.969 resistance, which coincided with the middle line of Bollinger Bands. There is a chance of a downward rebound, while its breakout would allow the growth to continue to the area of 118.359 resistance, Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 117.188, 116.797, 116.406. Resistance levels: 117.578, 117.969, 118.359. Trading recommendations Short positions can be opened below the level of 117.188 with the target at around 116.900 and stop-loss at 117.285. Long positions can be opened above the level of 117.578 with the target at around 117.900 and stop-loss at 117.500. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 22, 2020 Share Posted May 22, 2020 XAU/USD: TECHNICAL ANALYSIS 22.05.20 Current trend XAU/USD is in the stage of upward correction after falling to the level of 1717.10. At the moment the price has met the resistance at the level of 1730.39. The breakout of this level is needed to confirm the upward correction's potential. In this case, the buyers will aim for the 1734.38-1739.20 resistance area. The upper border is coincided with the middle line of Bollinger Bands and can activate a downward reverse of the price. One may speak about upward movement continuation after the price consolidates above the resistance level of 1742.20. Pair’s sustained trading beyond this level will give a prospect of growth to the 1750.00 resistance. Alternative scenario The downward rebound from 1730.00 and pullback below 1725.00 will let the price decline to the area of 1721.00-1718.75. The lower border of the price seems a strong support-line, which can activate an upward rebound. Meanwhile, the decisive breakdown of 1718.75 can accelerate the plunge toward the 1713.00-1710.94 area. Technical indicators 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 is growing in the negative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1724.25, 1718.75, 1713.00, 1710.94. Resistance levels: 1730.39, 1734.38, 1739.32, 1742.19. Trading recommendations Short positions can be opened below the level of 1724.25 with the target at around 1718.75 and stop-loss at 1726.00. Long positions can be opened above the level of 1730.39 with the target at around 1734.38 and stop-loss at 1729.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 22, 2020 Share Posted May 22, 2020 NZD/USD: TECHNICAL ANALYSIS 22.05.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price went down below the strong support level of 0.61035 and has a potential for a further decline to the level of 0.60730. This mark will be the next support, which can activate an upward rebound. Meanwhile, a breakdown of 0.60700 and a sustained move below it will give a prospect of decline to the level of 0.60425. Alternative scenario The upward rebound from 0.61035 and pullback above 0.61200 will let the price grow to the area of 0.61340 resistance. The breakout of this level will confirm the upward dynamic and allow the pair to re-test yesterday's high surrounding 0.61491-0.61570. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.61035, 0.60730, 0.60425. Resistance levels: 0.61340, 0.61646, 0.61900. Trading recommendations Short positions can be opened below the level of 0.61000 with the target at around 0.60700 and stop-loss at 0.61100. Long positions can be opened above the level of 0.61340 with the target at around 0.61646 and stop-loss at 0.61240. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 25, 2020 Share Posted May 25, 2020 USD/CHF: TECHNICAL ANALYSIS 25.05.20 Current trend The USD/CHF pair begins today’s trading with a slight bullish bias. The price went up above the level of 0.97198 and has the potential for further growth to the level of 0.97351. This mark seems a strong resistance, which can stop the upward dynamic. Meanwhile, the decisive breakout of 0.97351 and the pair’s sustained move above it will give a prospect of growth to the area of 0.97504-0.97656. Alternative scenario If USD/CHF cannot consolidate above the level of 0.97198, the downward trend restoration and retest of the support level 0.97046 are possible. Should prices continue slipping under 0.97046, the level of 0.96893 (the middle line of Bollinger bands) might try activating an upward rebound. One may speak about downward movement continuation after the price consolidates below the support level of 0.96800. In this case, the sellers will aim for 0.96741-0.96588 support. Technical indicators 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 is growing in a positive zone. Stochastic’s lines are pointed downwards, keeping a weak sell signal. Support and resistance Support levels: 0.97046, 0.96893, 0.96741, 0.96588. Resistance levels: 0.97198, 0.97351, 0.97504, 0.97656. Trading recommendations Short positions can be opened below the level of 0.97046 with the target at around 0.96800 and stop-loss at 0.97128. Long positions can be opened above the level of 0.97351 with the target at around 0.97600 and stop-loss at 0.97267. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 25, 2020 Share Posted May 25, 2020 USD/CAD: TECHNICAL ANALYSIS 25.05.20 Current trend The USD/CAD price has tested the support level of 1.39781 and was slightly corrected upwards. In order to continue the downward dynamic, the pair should consolidate below 1.39771 support-line. In this case the sellers will aim for the 1.39465 level, which coincided with the middle line of Bollinger Bands. This level can activate an upward rebound of the price. However, the breakdown of 1.39465 and the pair’s sustained trading below it will be a signal of the downward trend development and let the price decline to the area of 1.39160. Alternative scenario If the "bulls" manage to raise the rate above the resistance level of 1.40076, the growth can continue to the area of Friday's high surrounding 1.40381-1.40475 area. There is a chance of a downward reverse of the price. Meanwhile, the breakout of the 1.40475 will give a prospect of the growth to the area of 1.40686-1.40788 resistance. Technical indicators 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 a positive zone. Stochastic’s lines are pointed downwards keeping a sell signal. Support and resistance Support levels: 1.39771, 1.39465, 1.39160. Resistance levels: 1.40076, 1.40381, 1.40686. Trading recommendations Short positions can be opened below the level of 1.39771 with the target at around 1.39465 and stop-loss at 1.39873. Long positions can be opened above the level of 1.40076 with the target at around 1.40381 and stop-loss at 1.39975. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 25, 2020 Share Posted May 25, 2020 EUR/USD: TECHNICAL ANALYSIS 25.05.20 Current trend The EUR/USD pair begins today’s trading with a slight bearish bias. At the moment the price has met the support at the level of 1.08867. Judging by the upward reversal of the Stochastic, an upward correction is possible soon, but the general downward trend is still maintained. Should prices continue slipping under 1.08800, the 1.08643 support-line will be a key target of the sellers. There is a high chance of an upward reverse of the price. Meanwhile, the decisive breakdown of 1.08643 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1.08337 level. Alternative scenario The upward rebound from 1.08867 and pullback above the 1.09053 will be a sign of the upward correction and let the price grow to the area of 1.09253-1.09389 resistance. The upper border of this channel is coincided with the middle line of Bollinger Bands and can prevent the instrument from growing. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.09558. In this case, the next targets of buyers will be the level of 1.09863. Technical indicators 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 volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.08867, 1.1.08643, 1.08337. Resistance levels: 1.09053, 1.09253, 1.09558, 1.09558 Trading recommendations Short positions can be opened below the level of 1.08643 with the target at around 1.08337 and stop-loss at 1.08745. Long positions can be opened above the level of 1.09253 with the target at around 1.09558 and stop-loss at 1.09153. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 26, 2020 Share Posted May 26, 2020 AUD/USD: TECHNICAL ANALYSIS 26.05.20 Current trend On the 4-hour chart, the instrument keeps a positive dynamic. At the moment the price has met the resistance at the level of 0.65751. Assuming the pair’s ability to cross this mark, the level of 0.65918-0.65974 can be targeted if holding long positions. Should prices continue growing above 0.66100, the level of 0.66223 might try activating a downward rebound of the price. Alternative scenario If AUD/USD cannot consolidate above the level of 0.65918, the downward movement restoration and retest of the support level 0.65613 are possible. The downward trend will be restored after the price is set below the level of 0.65500, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.65308-0.65200. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are converging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.65613, 0.65308, 0.65002. Resistance levels: 0.65918, 0.66223, 0.66528. Trading recommendations Short positions can be opened below the level of 0.65500 with the target at around 0.65308-0.65200 and stop-loss at 0.65600. Long positions can be opened above the level of 0.65918 with the target at around 0.66223 and stop-loss at 0.65816. Link to comment Share on other sites More sharing options...
Andy.atx Posted May 26, 2020 Share Posted May 26, 2020 USD/JPY: TECHNICAL ANALYSIS 26.05.20\ Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price has tested the resistance level of 107.917 and was slightly corrected downwards, but the general upward trend still maintains. However, slightly overbought conditions of Stochastic on the hourly chart could challenge the pair’s upside during the short-term period. The breakout of 107.917 will be a signal of the upward trend resumption and let the price grow to the area of 108.008-108.201. There is a high chance of a downward reversal of the price. Meanwhile, the breakout of the 108.200 and pair’s sustained trading above it will give a prospect of growth to the area of 108.400-108.500 resistance. Alternative scenario The downward rebound from 107.917 and pullback below 107.800 will be a sign of the downward correction development and let the price decline to the area of 107.617 support, which coincided with the middle line of Bollinger Bands. This level can activate an upward reverse of the price as the key target of the correction. Meanwhile, the breakdown of the 107.600 will be a signal of the downward trend resumption. In this case, the sellers will aim for the 107.422-107.317 support zone. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 107.813, 107.617, 107.422, 107.317. Resistance levels: 108.008, 108.203, 108.500. Trading recommendations Short positions can be opened below the level of 107.617 with the target at around 107.422-107.317 and stop-loss at 107.717. Long positions can be opened above the level of 108.008 with the target at around 108.203-108.300 and stop-loss at 107.908. Link to comment Share on other sites More sharing options...
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