Andy.atx Posted March 25, 2019 Share Posted March 25, 2019 NZD/USD: technical analysis 25.03.2019 Current trend On the 4-hour chart, the price is consolidating around the area of the middle line of Bollinger Bands due to low trading activity and relative calm information field. The breaking 0.6866 (Murray [1/8]) and holding below it will push the price to the mark 0.6835 (Murray [0/8]), which is the key level for the sellers in the short term. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6805 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.6897 (Murray [2/8]), the correction can continue to the area of 0.6927 (Murray [3/8]), 0.6958 (Murray [4/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current sideway trend. Bollinger Bands and Stcochastic are pointed sideways. MACD volumes are slowly deccreasing in the positive zone. Support and resistance Support levels: 0.6866, 0.6835, 0.6805, 0.6774. Resistance levels: 0.6897, 0.6927, 0.6958, 0.6988. Trading recommendations Short positions can be opened below the level of 0.6866 with the target at around 0.6835-0.6805 and stop-loss 0.6880. Long positions can be opened above the level of 0.6897 with the target at around 0.6927-0.6958 and stop-loss 0.6877. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 26, 2019 Share Posted March 26, 2019 USD/JPY: technical analysis 26.03.2019 Current trend The USD/JPY pair begins today’s trading with slight bullish bias and testing the resistance level of 110.15 (Murray [2/8]), that impedes growth to 110.26-110.54 (Murray [3/8]) resistance-line. If the instrument cannot consolidate above the level of 110.15, the pullback to the area of the level of 109.76 (Murray [1/8]) is possible. Should prices continue slipping under the 109.76 levels, the marks the 109.37 (Murray [0/8] and the 108.98 (Murray [-1/8] might try activating a upward rebound. The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation. Support and resistance Support levels: 109.76, 109.37, 108.98, 108.59. Resistance levels: 110.15, 110.54, 110.93, 111.32. Trading recommendations Short positions can be opened below the level of 109.76 with the target at around 109.37-108.98 and stop-loss 109.95. Long positions can be opened above the level of 110.15 with the target at around 110.54-110.93 and stop-loss 109.90. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 26, 2019 Share Posted March 26, 2019 AUD/USD: technical analysis 26.03.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. Now GBPUSD is trading beyond resistance level 0.7110 (Murray [1/8]) confluence and may aim for the 0.7141 (Murray [2/8])-0.7171 (Murray [3/8]) resistance-zone. However, overbought Stochastic barrier could challenge the pair’s upside. Alternatively, pullbacks below the the middle line of Bollinger Bands (0.7110) could lead the price to the 0.7080 (Murray [0/8]) and 0.7049 (Murray [-1/8]) level. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are increasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the possibility of the downward movement formation. Support and resistance Support levels: 0.7110, 0.7080, 0.7049, 0.7019. Resistance levels: 0.7141, 0.7171, 0.7202, 0.7232. Trading recommendations Long positions can be opened above the level of 0.7141 with the target at around 0.7171-0.7202 and stop-loss 0.7120. Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7049 and stop-loss 0.7130. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 26, 2019 Share Posted March 26, 2019 GBP/USD: technical analysis 26.03.2019 Current trend On the 4-hour chart, the GBPUSD pair begins today’s trading with slight bearish bias. The instrument is now testing the support level of 1.3183 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3183. In this case, the next targets of sellers will be the area of 1.3122 (Murray [3/8])-1.3061 (Murray [2/8]) levels. Alternatively, breakout of 1.3244 (Murray [5/8]) can accelerate the pair towards 1.3305 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochastic are poited downwards. MACD volumes are slowly decreasing in the negative zone. Support and resistance Support levels: 1.3183, 1.3122, 1.3061, 1.3000. Resistance levels: 1.3244, 1.3305, 1.3366, 1.3427. Trading recommendations Short positions can be opened below the level of 1.3183 with the target at around 1.3122 and stop-loss 1.3200. Long positions can be opened above the level of 1.3244 with the target at around 1.3305 and stop-loss 1.3220. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 27, 2019 Share Posted March 27, 2019 USD/CHF: technical analysis 27.03.2019 Current trend On the 4-hour chart, USD/CHF is growing along the upper line of the Bollinger Bands. If the current trend maintains, the growth can continue to the mark of 0.9979 (Murray [3/8]), that holds the gate for its rise to 1.0009 (Murray [4/8]) resistance-line. Alternatively, pullbacks below 0.9948 (Murray [2/8]) could lead the price back to the 0.9936 and 0.9918 level. Technical indicators reflect the moderate maintenance of the current upward trend. Stochastic’s lines are pointed upwards and are reaching the overbought area. Bollinger Bands are directed up. MACD histogram is ready to enter the positive zone and form a buy signal. Support and resistance Support levels: 0.9948, 0.9918, 0.9887, 0.9857. Resistance levels: 0.9979, 1.0009, 1.0040, 1.0070. Trading recommendations Long positions can be opened above the level of 0.9979 with the target at around 1.0009-1.0040 and stop-loss 0.9960. Short positions can be opened below the level of 0.9948 with the target at around 0.9918-0.9887 and stop-loss 0.9968. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 27, 2019 Share Posted March 27, 2019 USD/CAD: technical analysis 27.03.2019 Current trend The USD/CAD pair begins today’s trading with slight bullish bias. The instrument is now testing the level of 1.3397, which coincided with the middle line of Bollinger Bands. In case the pair manage to cross the 1.3397 level, the price may aim for the 1.3427 (Murray [8/8]) -1.3458 (Murray [+1/8]) resistance-zone. The downward trend will be restored after the price is set below the level of 1.3366 (Murray [6/8]). In this case, the next targets of sellers will be the level of 1.3336 (Murray [5/8])-1.3305 (Murray [4/8]). Technical indicators mostly keep a buy signal. MACD is actively growing in the positive zone. Stochastic is pointed upwards. Bollinger Bands are pointed sideways. Support and resistance Support levels: 1.3366, 1.3336, 1.3305, 1.3275. Resistance levels: 1.3397, 1.3427, 1.3458, 1.3488. Trading recommendations Short positions can be opened below the level of 1.3366 with the target at around 1.3336-1.3305 and stop-loss 1.3385. Long positions can be opened above the level of 1.3397 with the target at around 1.3427-1.3458 and stop-loss 1.3380 Link to comment Share on other sites More sharing options...
Andy.atx Posted March 28, 2019 Share Posted March 28, 2019 NZD/USD: technical analysis 28.03.2019 Current trend On 4-hour chart, NZD/USD is in the stage of upward correction after falling to the level of 0.6779. The first target of the correction is the level of 0.6866 (Murray [1/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, there is a strong resistance level on the 0.6835 (Murray [0/8]) mark, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. One may speak about upward movement continuation after the price consolidates above the resistance level of 0.6866. In this case, the next targets of buyers will be the level of 0.6897 (Murray [2/8])-0.6927 (Murray [3/8]). Alternatively, pullbacks below 0.6774 (Murray [-2/8]) could lead the price to the 0.6744-0.6720 area. Technical indicators reflect the moderate maintenance of the current upward movement. Stochastic is pointed upwards. MACD volumes are decreasing in the positive zone. Bollinger Bands are diverging, reflecting the active development of the current trend. Support and resistance Support levels: 0.6805, 0.6774, 0.6744, 0.6720. Resistance levels: 0.6835, 0.6866, 0.6897, 0.6927. Trading recommendations Long positions can be opened above the level of 0.6835 with the target at around 0.6866-0.6897 and stop-loss 0.6815. Short positions can be opened below the level of 0.6774 with the target at around 0.6744-0.6720 and stop-loss 0.6790. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 28, 2019 Share Posted March 28, 2019 XAU/USD: technical analysis 28.03.2019 Current trend The XAU/USD pair begins today’s trading with slight bullish bias. The price is approaching a strong resistance level in the region of 1312.50 (Murray [8/8]). There is a chance of an downward rebound, while its breakout would allow the rise to continue to the area 1315.44 (the middle line of Bollinger Bands). Probably, any growth attempted seems more likely to get sold into aggressively near the 1315.44 region. The breakout of this level will let the price to grow to the area of 1320.31 (Murray [+1/8]). A significant decrease is possible after the breakdown of the level 1307.21, which can develop to the levels of 1304.69 (Murray [7/8]), 1296.88 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Support and resistance Support levels: 1307.21, 1304.69, 1296.88. Resistance levels: 1312.50,1315.44, 1320.31. Trading recommendations Long positions can be opened above the level of 1312.50 with the target at around 1315.44 and stop-loss 1311.50. Short positions can be opened below the level of 1307.21 with the target at around 1304.69 and stop-loss 1308.20. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 28, 2019 Share Posted March 28, 2019 USD/CAD: technical analysis 28.03.2019 Current trend USD/CAD quotes attempted to grow, but reaching 1.3423 mark moved to a decline. The instrumets is now testing the level of 1.3397, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the middle line of Bollinger Bands area. In this case, the next targets of sellers will be the level of 1.3366 (Murray [6/8])-1.3336 (Murray [5/8]). Alternatively, breakout of 1.3427 (Murray [8/8]) can accelerate the pair towards 1.3458 (Murray [+1/8])-1.3488 (Murray [+2/8]). Technical indicators mostly keep a sell signal. Bollinger Bands and Stochastic are pointed downwards. MACD is slowly decreasing in the positive zone. Support and resistance Support levels: 1.3397, 1.3366, 1.3336, 1.3305. Resistance levels: 1.3427, 1.3458, 1.3488, 1.3520. Trading recommendations Short positions can be opened below the level of 1.3397 with the target at around 1.3366-1.3336 and stop-loss 1.3415. Long positions can be opened above the level of 1.3427 with the target at around 1.3458-1.3488 and stop-loss 1.3408. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 29, 2019 Share Posted March 29, 2019 GBP/USD: technical analysis 29.03.2019 Current trend GBP/USD is in the stage of upward correction after falling to the level of 1.3033, but the general downward trend is still maintained. The first target of the correction is the area of 1.3183 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of a downward rebound from the area of 1.3183, while its breakout would allow the rise to continue. The downward trend will be restored after the price is set below the level of 1.3033. In this case, the next targets of sellers will be the area of 1.3000 (Murray [1/8])-1.2939 (Murray [0/8]) levels. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are poited downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is in the oversold zone and sligtly leaned downwards. Support and resistance Support levels: 1.3061, 1.3000, 1.2939, 1.2878. Resistance levels: 1.3122, 1.3183, 1.3244, 1.3305. Trading recommendations Short positions can be opened below the level of 1.3061 with the target at around 1.3000 and stop-loss 1.3080. Long positions can be opened above the level of 1.3122 with the target at around 1.3305 and stop-loss 1.3100. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 29, 2019 Share Posted March 29, 2019 USD/JPY: technical analysis 29.03.2019 Current trend The USD/JPY pair begins today’s trading with bullish bias and testing the resistance level of 110.93 (Murray [2/8]), that holds the gate for its rise to 111.32 (Murray [5/8]) resistance-line. The breakout of the 111.32 level will let the price grow to the level of 111.71 (Murray [6/8]) but overbought Stochastic and two-weeks old resistance-line, could restrict further rise. The downward trend will be restored after the price is set below the level of 110.54 (Murray [5/8]),which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the levels of 110.15 (Murray [2/8])-109.76 (Murray [1/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is preparing to enter the overbought zone and is directed upwards. Support and resistance Support levels: 110.54, 110.15, 109.76, 109.37. Resistance levels: 110.93, 111.32, 111.71, 112.10. Trading recommendations Long positions can be opened above the level of 110.93 with the target at around 111.32-111.71 and stop-loss 108.70. Short positions can be opened below the level of 110.54 with the target at around 110.15-109.76 and stop-loss 110.72. Link to comment Share on other sites More sharing options...
Andy.atx Posted March 29, 2019 Share Posted March 29, 2019 AUD/USD: technical analysis 29.03.2019 Current trend On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 0.7095 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 0.7095, the upward movement can continue to the area of 0.7110 (Murray [2/8])-0.7141 (Murray [4/8]). Alternatively, pullbacks below the support level 0.7080 could lead the price to the 0.7064 (Murray [-1/8]) and 0.7049 (Murray [-2/8]) level. The technical picture is mixed. Bollinger Bands are leaned downwards. MACD volumes are deccreasing in the negative zone. Stochastic’s lines are pointed upwards and are reaching the overbought area. Support and resistance Support levels: 0.7080, 0.7064, 0.7049, 0.7019. Resistance levels: 0.7095, 0.7110, 0.7125, 0.7141. Trading recommendations Long positions can be opened above the level of 0.7095 with the target at around 0.7125-0.7141 and stop-loss 0.7080. Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7019 and stop-loss 0.7100. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 1, 2019 Share Posted April 1, 2019 EUR/USD: technical review 01.04.2019 Current dynamic On 4-hour chart, EUR/USD is in the stage of upward correction. The price went up above the level of 1.1230 (Murray [0/8]) and can grow further to the levels of 1.1261 (Murray [1/8]). If the “bulls” manage to raise the rate above the level of 1.1261, the correction can continue to the area of 1.1291 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.1231 (Murray [0/8]). In this case, the next targets of sellers will be the area of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]) . The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods. Stochastic’s lines are pointed upwards. Support and resistance Support levels: 1.1230, 1.1200, 1.1169, 1.1140. Resistance levels: 1.1261, 1.1291, 1.1322, 1.1352. Trading recommendations Short positions can be opened below the level of 1.1231 with the target at around 1.1200-1.1169 and stop-loss 1.1250. Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1270. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 1, 2019 Share Posted April 1, 2019 USD/CAD: technical analysis 01.04.2019 Current trend On the 4-hour chart, USD/CAD is faliing along the lower line of the Bollinger Bands. The price is approaching a support in the region of 1.3336 (Murray [5/8]). If the current trend maintains, the next targets of sellers will be the level of 1.3305 (Murray [4/8]), that is a key level for the sellets in short-time period. A significant decrease is possible after the breakdown of the level 1.3305, which can develop to the levels of 1.3275 (Murray [3/8]), 1.3244 (Murray [2/8]). If the “bulls” manage to raise and concolidate the rate above the level of 1.3366 (Murray [6/8]), the correction can continue to the area of 1.3397 (Murray [7/8]), 1.3427 (Murray [8/8]). Technical indicators mostly keep a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is in the oversold area and is pointed sideways. Support and resistance Support levels:1.3336, 1.3305, 1.3275, 1.3244. Resistance levels: 1.3366, 1.3397, 1.3427. Trading recommendations Short positions can be opened below the level of 1.3336 with the target at around 1.3305-1.3275 and stop-loss 1.3354. Long positions can be opened above the level of 1.3366 with the target at around 1.3397-1.3427 and stop-loss 1.3346. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 1, 2019 Share Posted April 1, 2019 USD/CHF: technical analysis 01.04.2019 Current trend On 4-hour chart, USD/CHF continues to consolidate in the side channel with the borders 0.9944-0.9973. Assuming the pair’s ability to cross 0.9973, the levels of 0.9979 (Murray [6/8]) and the 0.9994 (Murray [7/8]) can be targeted if holding long positions. The breakdown of 0.9948 (Murray [4/8]) and holding below it will push the price back to 0.9933 (Murray [3/8]). Should prices continue slipping under 0.9933, the 0.9918 (Murray [2/8]), the 0.9903 (Murray [1/8]) might try activating a Upward rebound. Technical indicators mostly reflect the relative calmness of the markets and sideways movement of the price. Bollinger Bands are pointed sideways. MACD volumes are moving along the zero line. Stochastic is upwards. Support and resistance Support levels: 0.9948, 0.9933, 0.9918, 0.9903. Resistance levels: 0.9979, 0.9994, 1.0009, 1.0025. Trading recommendations Long positions can be opened above the level of 0.9979 with the target at around 0.9994-1.0009 and stop-loss 0.9965. Short positions can be opened below the level of 0.9948 with the target at around 0.9918-0.9903 and stop-loss 0.9967. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 2, 2019 Share Posted April 2, 2019 USD/CHF: technical analysis 02.04.2019 Current trend On 4-hour chart, USD/CHF is correcting down from the uper line of the Bollinger Bands (0.9994). The key target of the correction is the level of 0.9964 (Murray [5/8]), which corresponds to the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.9994 (Murray [7/8]). In this case, the levels of 1.0009 (Murray [8/8])-1.0040 (Murray [+2/8]) can be targeted if holding long positions. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is actively growing in the positive zone. Stochastic is in the overbought area and is pointed sideways. Support and resistance Support levels: 0.9979, 0.9948, 0.9918, 0.9887. Resistance levels: 0.9994, 1.0009, 1.0040. Trading recommendations Long positions can be opened above the level of 0.9994 with the target at around 1.0009-1.0040 and stop-loss 0.9980. Short positions can be opened below the level of 0.9979 with the target at around 0.9948-0.9918 and stop-loss 1.0000. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 2, 2019 Share Posted April 2, 2019 XAU/USD: technical analysis 02.04.2019 Current trend XAU/USD is in the stage of upward correction after falling to the level of 1285.31, but the downward trend is still maintained, which is confirmed by technical indicators. If the “bulls” manage to raise the rate above the level of 1289.06, the correction can continue to the area of 1292.60, which is the middle line of Bollinger Bands. There is a chance of an downward rebound from the level of 1292.60, while its breakout would allow the rise to continue. The downward trend will be restored after the price is set below the level of 1281.25, which is the key level for the sellers in short term period. In this case, the next targets of sellers will be the level of 1273.44 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is in the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 1281.25, 1273.44, 1265.63. Resistance levels: 1289.06, 1296.88, 1304.69. Trading recommendations Long positions can be opened above the level of 1292.60 with the target at around 1296.88 and stop-loss 1291.00. Short positions can be opened below the level of 1281.25 with the target at around 1273.44 and stop-loss 1283.00. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 2, 2019 Share Posted April 2, 2019 NZD/USD: technical analysis 02.04.2019 Current trend On 4-hour chart, NZD/USD is showing a negative dynamic. The instrument is now testing the support level of 0.6774 (Murray [2/8]). Breakdown of this level will let the price to fall to the area of 0.6744 (Murray [1/8]). Should prices continue slipping under 0.6744, the level of 0.6713 (Murray [0/8]) might try activating a upward rebound, as the possibility of the reverse of the price is high there. If the “bulls” manage to raise the rate above the level of 0.6783, the correction can continue to the area of 0.6805 (Murray [3/8]), which coincided with the middle line of Bollinger Bands. The upward trend will be restored after the price is set above the level of 0.6805. In this case, the price may aim for the 0.6835 (Murray [4/8]) -0.6866 (Murray [5/8]) resistance-zone. Technical indicators mostly reflect the maintenance of the downward potential, but the of upward correction is not excluded. Bollinger Bands are diverging, reflecting the active development of the general downard trend. 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: 0.6774, 0.6744, 0.6713. Resistance levels: 0.6783, 0.6805, 0.6835. Trading recommendations Short positions can be opened below the level of 0.6774 with the target at around 0.6744-0.6713 and stop-loss 0.6794. Long positions can be opened above the level of 0.6783 with the target at around 0.6805-0.6835 and stop-loss 0.6768. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 3, 2019 Share Posted April 3, 2019 GBP/USD: technical analysis 03.04.2019 Current trend On the 4-hour chart, trading with bullish bias. The price went up above the level of 1.3122 (Murray [7/8]) and can grow further to the levels of 1.3183 (Murray [8/8]). The level of 1.3183 seem strong resistance as break of which can accelerate the pair towards 1.3244 (Murray [+1/8]). Alternatively, pullback below 1.3122 could lead the price to the 1.3061 (Murray [6/8]) level, which coincided with the middle line of Bollinger Bands. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 1.3122, 1.3061, 1.3000. Resistance levels: 1.3183, 1.3244, 1.3305. Trading recommendations Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140. Long positions can be opened above the level of 1.3122 with the target at around 1.3183 and stop-loss 1.3100. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 3, 2019 Share Posted April 3, 2019 AUD/USD: technical analysis 03.04.2019 Current trend On 4-hour chart, AUD/USD shows a positive dynamic. If the current trend maintains, the next target of buyers will be the area 0.7110 (Murray [2/8]) – 0.7141 (Murray [4/8]). There is a chance of an downward rebound from the level of 0.7141, while its breakout would allow the rise to continue. If the price is set below the level of 0.7095 (Murray [1/8]), the downward trend can restore, and the instrument can retest the resistance level of 0.7080 (Murray [0/8])-0.7064 (Murray [-1/8]). Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are pointed upwards. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 0.7095, 0.7080, 0.7064, 0.7049. Resistance levels: 0.7110, 0.7125, 0.7141, 0.7156. Trading recommendations Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7095. Short positions can be opened below the level of 0.7095 with the target at around 0.7064-0.7049 and stop-loss 0.7110 Link to comment Share on other sites More sharing options...
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