Andy.atx Posted April 3, 2019 Share Posted April 3, 2019 USD/JPY: technical analysis 03.04.2019 Current trend USD/JPY continues to consolidate in the side channel with the borders 111.30-111.52 after a significant rise over the last week. The upward trend will be restored after the price is set above the level of 111.52, that holds the gate for its rise to 111.71 (Murray [6/8]) and then to the 112.10 (Murray [7/8]) resistance-line. Alternatively, pullback below 111.32 (Murray [5/8]) will push the price back to 110.93 (Murray [4/8]) support level. Technical indicators reflect the moderate maintenance of the upward dynamic. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is directed upwards. Support and resistance Support levels: 111.32, 110.93, 110.54, 110.15. Resistance levels: 111.52, 111.71, 112.10, 112.50. Trading recommendations Long positions can be opened above the level of 111.52 with the target at around 111.71-12.10 and stop-loss 111.30. Short positions can be opened below the level of 111.32 with the target at around 110.93-110.54 and stop-loss 111.55 Link to comment Share on other sites More sharing options...
Andy.atx Posted April 4, 2019 Share Posted April 4, 2019 USD/CHF: technical analysis 04.04.2019 Current trend On 4-hour chart, USD/CHF is trading in the side narrow channel with the borders 0.9960-0.9986, but the upward trend is still maintained, which is confirmed by technical indicators. The breakout of 0.9979 (Murray [6/8]) can accelerate the pair towards 0.9994 (Murray [7/8])-1.0009 (Murray [8/8]). The area of 1.0009 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The downward trend will be restored after the price is set below the level of 0.9974, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.9948 (Murray [4/8])-0.9933 (Murray [3/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current upward trend. Bollinger Bands are slightly leaned upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed upwards and are reaching the overbought area. 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 0.9974 with the target at around 0.9948-0.9933 and stop-loss 0.9987. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 4, 2019 Share Posted April 4, 2019 USD/CAD: technical analysis 04.04.2019 Current trend On 4-hour chart, the USD/CAD pair is trading above its middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next target of buyers will be the level of 1.3366 (Murray [6/8]), that could restrict further rise. If the “bulls” manage to raise the rate above the level of 1.3366, the rise can continue to the area of 1.3397 (Murray [7/8]), 1.3427 (Murray [8/8]). Alternatively, pullback below 1.3331 could lead the price to the levels of 1.3305 (Murray [4/8])-1.3275 (Murray [3/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. Stochastic’s lines are pointed upwards and are reaching the overbought area. Support and resistance Support levels:1.3336, 1.3305, 1.3275, 1.3244. Resistance levels: 1.3366, 1.3397, 1.3427, 1.3458. 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 4, 2019 Share Posted April 4, 2019 EUR/USD: technical analysis 04.04.2019 Current trend The EURUSD pair begins today’s trading with slight bullish bias due to low trading activity . The price went up above the level of 1.2305 (Murray [0/8]) and can grow further to the levels of 1.1261 (Murray [1/8]) and 1.1291 (Murray [2/8]). The downward trend will be restored after the price is set below the level of 1.1222, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8])-1.1169 (Murray [-2/8]). The level of 1.1169 can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Technical indicators reflect the moderate maintenance of the upward movement. Bollinger Bands are pointed downwards. Stochastic is directed upwards.MACD histogram is ready to enter the positive zone and form a buy signal. 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 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247. Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1240. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 5, 2019 Share Posted April 5, 2019 NZD/USD: technical analysis 05.04.2019 Current trend On 4-hour chart, the price has tested the support level of 0.6744 (Murray [1/8]) and was slightly corrected upwards, but the downward trend still maintains. The first target of the correction is the level of 0.6774 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound, while its breakout would allow the rise to continue to the area of 0.6805 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6744. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8])-0.6683 (Murray [-1/8]). Technical indicators mostly reflect the maintenance of the downward potential, but the of upward correction is not excluded in 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 in the oversold zone and is directed upwards, signaling the development of an upward correction. Support and resistance Support levels: 0.6744, 0.6713, 0.6683, 0.6652. Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866. Trading recommendations Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760. Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6750. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 5, 2019 Share Posted April 5, 2019 XAU/USD: technical analysis 05.04.2019 Current trend The XAU/USD pair begins today’s trading with bearish bias. The price went down below the level of middle line of Bollinger Bands (1290.00) and can fall further to the key support level of 1281.25 (Murray [4/8]). The level of 1285.50 might offer intermediate halt during the plunge to the key level of 1281.25. A significant decrease is possible after the breakdown of the level 1281.25, which can develop to the level of 1273.44 (Murray [3/8]). If the “bulls” manage to raise the rate above the level of 1291.00, the correction can continue to the area of 1294.60-1296.88 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are pointed sideways. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed downwards. 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 1285.50 with the target at around 1281.25 and stop-loss 1286.50. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 5, 2019 Share Posted April 5, 2019 AUD/USD: technical analysis 05.04.2019 Current trend On 4-hour chart, AUD/USD shows a positive dynamic. The instrument is now testing the resistance level of 0.7125 (Murray [4/8]). If the current trend maintains, the next target of buyers will be the area 0.7141 (Murray [4/8]) – 0.7171 (Murray [6/8]). Alternatively, pullback below 0.7110 (Murray [2/8]) could lead the price to the 0.7095 (Murray [1/8]) and 0.7080 (Murray [0/8]) level. The level of 0.7080 seem strong support as break of which can diver market to 0.7064 (Murray [-1/8]) – 0.7049 (Murray [-2/8]) support-levels. Technical indicators reflect the maintenance of the current upwards dynamics. Bollinger Bands are diverging, reflecting the active development of the current upward trend. MACD is actively growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards. Support and resistance Support levels: 0.7110, 0.7095, 0.7080, 0.7064, 0.7049. Resistance levels: 0.7125, 0.7141, 0.7156, 0.7171. Trading recommendations Long positions can be opened above the level of 0.7125 with the target at around 0.7141-0.7171 and stop-loss 0.7108. Short positions can be opened below the level of 0.7110 with the target at around 0.7080-0.7064 and stop-loss 0.7125. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 8, 2019 Share Posted April 8, 2019 GBP/USD: technical analysis 08.04.2019 Current trend On the 4-hour chart, trading with bullish bias. GBP/USD is in the stage of upward correction after falling to the level of 1.2986. The first target of the correction is the level of 1.3122 (Murray [7/8]), which corresponds to the middle line of Bollinger Bands. This case scenario will be possible after the price is set above the level of 1.3061 (Murray [6/8]). The break of 1.3122 can accelerate the pair towards 1.3183 level (Murray [8/8]). The downward trend will be restored after the price is set below the level of 1.3000 (Murray [5/8]). In this case, the next targets of sellers will be the level of 1.2939 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards. Stochastic is pointed upwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Support and resistance Support levels: 1.3061, 1.3000, 1.2939. Resistance levels: 1.3122, 1.3183, 1.3244. 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 8, 2019 Share Posted April 8, 2019 USD/JPY: technical analysis 08.04.2019 Current trend The USD/JPY pair begins today’s trading with bearish bias. On 4-hour chart, the price is approaching a support in the region of 111.32 (Murray [5/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 110.93 (Murray [4/8]). Alternatively, breakout of the level 111.54 (the middle line of Bollinger Bands) can accelerate the pair towards 111.71 (Murray [5/8]). If the price is set above the level of 111.71, the upward trend can restore, and the instrument can retest the resistance level of 112.10 (Murray [7/8]). Technical indicators reflect the moderate maintenance of the downward dynamic. Bollinger Bands are slightly leaned downwards. 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: 111.32, 110.93, 110.54, 110.15. Resistance levels: 111.54, 111.71, 112.10, 112.50. Trading recommendations Long positions can be opened above the level of 111.52 with the target at around 111.71-12.10 and stop-loss 111.30. Short positions can be opened below the level of 111.32 with the target at around 110.93-110.54 and stop-loss 111.55 Link to comment Share on other sites More sharing options...
Andy.atx Posted April 8, 2019 Share Posted April 8, 2019 AUD/USD: technical analysis 08.04.2019 Current trend On 4-hour chart, the instrument shows a negative dynamic. The price went down below the level of 0.7095 (Murray [1/8]) and can fall further to the level of 0.7080 (Murray [0/8]), that is the key level for sellers in short term period. Should prices continue slipping under 0.7080, the levels of 0.7064 (Murray [-1/8]) and 0.7049 (Murray [-2/8] might try activating a upward rebound. If the “bulls” manage to raise the rate above the level of 0.7095, the correction can continue to the area of 0.7110, which coincided with the middle line of Bollinger Bands. Additionally, pair’s sustained trading beyond the 0.7110 could set 0.7125 (Murray [3/8]) and the 0.7141 (Murray [4/8]) as next buyers target. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Stochastic’s lines are pointed downwards and are reaching the oversold area. MACD volumes are in the negative zone. Bollinger Bands are pointed sideways. Support and resistance Support levels: 0.7080, 0.7064, 0.7049, 0.7035. Resistance levels: 0.7095, 0.7125, 0.7141, 0.7156. Trading recommendations Short positions can be opened below the level of 0.7080 with the target at around 0.7049-0.7035 and stop-loss 0.7095. Long positions can be opened above the level of 0.7110 with the target at around 0.7141-0.7156 and stop-loss 0.7096. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 9, 2019 Share Posted April 9, 2019 EUR/USD: technical analysis 09.04.2019 Current trend The EURUSD pair begins today’s trading with slight bullish bias. The price is now testing the resistance level of 1.1261 (Murray [1/8]), that holds the gate for its rise to 1.1291 (Murray [2/8]) resistance-line. If the “bulls” manage to raise the rate above the level of 1.1291, the rise can continue to the area of 1.1322 (Murray [3/8]), 1.1352 (Murray [4/8]). The downward trend will be restored after the price is set below the level of 1.1230 (Murray [3/8]), which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 1.1200 (Murray [-1/8]), 1.1169 (Murray [-2/8]). The level of 1.1169 can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Technical picture is mixed. Bollinger Bands are diverging, reflecting the active development of the current upward dynamic. Stochastic is directed downwards. MACD is slowly growing in the positive zone. 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 1.1230 with the target at around 1.1200-1.1169 and stop-loss 1.1247. Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1322 and stop-loss 1.1240. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 9, 2019 Share Posted April 9, 2019 USD/CAD: technical analysis 09.04.2019 Current trend On 4-hour chart, the USD/CAD pair shows a negative dynamic. USD/CAD is now trading around the key support level of 1.3305 (Murray [0/8]). A significant decrease is possible after the breakdown of the level 1.3305, which can develop to the levels of 1.3290 (Murray [-1/8]), 1.3275 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3248. If the instrument cannot consolidate below the level of 1.3305, the correction to the area of the levels of 1.3336 (Murray [2/8])-1.3351 (the middle line of Bollinger Bands) can develop. Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current trend. Stochastic’s lines are pointed sideways and are reaching the overbought area. The volumes of MACD histogram are growing in the negative zone. Support and resistance Support levels:1.3305, 1.3290, 1.3275, 1.3248. Resistance levels: 1.3320, 1.3336, 1.3351, 1.3366. Trading recommendations Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3248 and stop-loss 1.3325. Long positions can be opened above the level of 1.3320 with the target at around 1.3351-1.3366 and stop-loss 1.3305. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 9, 2019 Share Posted April 9, 2019 USD/CHF: technical analysis 09.04.2019 Current trend The USD/CHF pair begins today’s trading with slight bearish bias. The key target of the sellers is the level of 0.9948 (Murray [4/8]). This case scenario will be actual when the price is set below the level of 0.9979 (Murray [6/8]). Alternatively, breakout of 0.9994 can accelerate the pair towards 1.0009 (Murray [8/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current upward trend. Bollinger Bands are pointed sideways. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed upwards. Support and resistance Support levels: 0.9979, 0.9964, 0.9948, 0.9933. Resistance levels: 0.9994, 1.0009, 1.0025, 1.0040. Trading recommendations Long positions can be opened above the level of 0.9994 with the target at around 1.0009-1.0025 and stop-loss 0.9984. Short positions can be opened below the level of 0.9979 with the target at around 0.9964-0.9948 and stop-loss 0.9989. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 10, 2019 Share Posted April 10, 2019 NZD/USD: technical analysis 10.04.2019 Current trend NZD/USD continues to consolidate in the side narrow channel with the borders 0.6721-0.6757. One may speak about downward movement continuation after the price consolidates below the support level of 0.6741 (middle line of Bollinger Bands).In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). Should prices continue slipping under 0.6713, the levels of 0.6683 and 0.6652 might try activating a upward rebound. Alternatively, breakout of the level 0.6760 will let the price to rise to the area of 0.6805 (Murray [3/8]) -0.6835 (Murray [4/8]). Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the the negative zone. Stochastic is directed upwards. Support and resistance Support levels: 0.6744, 0.6713, 0.6683, 0.6652. Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866. Trading recommendations Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760. Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6750. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 10, 2019 Share Posted April 10, 2019 XAU/USD: technical analysis 10.04.2019 Current trend The XAU/USD pair begins today’s trading with slight bearish bias. At the moment the price has met the support at the level of 1300.78 (Murray [5/8]). The breakdown of the level 1300.78 will let XAU/USD fall to the level of 1296.88 (Murray [4/8]), which is the main target of the bearish correction. At the level of 1296.88, which is the middle line of Bollinger Bands, the reversal of the price and development of the upward trend is possible. If the “bulls” manage to raise the rate above the level of 1304.69 (Murray [6/8]), the correction can continue to the area of 1308.59 (Murray [7/8]), 1312.50 (Murray [8/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions.Stochastic is pointed downwards. Support and resistance Support levels: 1300.78, 1296.88, 1292.97, 1289.06. Resistance levels: 1304.69, 1308.59, 1312.50, 1316.41. Trading recommendations Long positions can be opened above the level of 1304.69 with the target at around 1308.59 and stop-loss 1303.60. Short positions can be opened below the level of 1300.78 with the target at around 1296.88 and stop-loss 1301.70. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 10, 2019 Share Posted April 10, 2019 AUD/USD: technical analysis 10.04.2019 Current trend On 4-hour chart, AUD/USD is now testing the resistance level of 0.7141 (Murray [4/8]). Assuming the pair’s ability to cross 0.7141, the levels of 0.7156 (Murray [5/8]) and the 0.7171 (Murray [6/8]) can be targeted if holding long positions. Pullbacks below 0.7125 (Murray [3/8]) and holding below it will push the price to the area of 0.7110 (Murray [2/8]) -0.7080 (Murray [0/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic’s lines are pointed downwards. Support and resistance Support levels: 0.7125, 0.7110, 0.7095, 0.7080. Resistance levels: 0.7141, 0.7156, 0.7171, 0.7202. 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 0.7125 with the target at around 0.7095-0.7080 and stop-loss 0.7140. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 12, 2019 Share Posted April 12, 2019 USD/CHF: technical analysis 12.04.2019 Current trend On 4-hour chart, USD/CHF is correcting down after breakout of the upper line of the Bollinger Bands. The main target of the correction is the level of 1.0012, which corresponds to the middle line of Bollinger Bands. Breaking 1.0009 (Murray [4/8]) and holding below it will push the price back to 0.9994 (Murray [3/8]) – 0.9979 (Murray [2/8]) levels. The upward trend will be restored after the price is set above the level of 1.0040 (Murray [6/8]). In this case, the bulls will aim for the 1.0070 (Murray [8/8])-1.0086 (Murray [+1/8]) resistance-zone. Now the technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are in the pozitive zone and are moving along the zero line. Stochastic’s lines are pointed downwards. Support and resistance Support levels: 1.0009, 0.9994, 0.9979, 0.9964. Resistance levels: 1.0040, 1.0070, 1.0086, 1.0101. Trading recommendations Long positions can be opened above the level of 1.0040 with the target at around 1.0070-1.0086 and stop-loss 1.0025. Short positions can be opened below the level of 1.0009 with the target at around 0.9994-0.9964 and stop-loss 1.0024. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 12, 2019 Share Posted April 12, 2019 USD/CAD: technical analysis 12.04.2019 Current trend On 4-hour chart, the USD/CAD pair shows a negative dynamic due to downward correction. The price went down below the level of 1.3366 (Murray [4/8]) and can fall further to the levels of 1.3336 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. If the pair refrains to respect the 1.3336 support, the level of 1.3320 (Murray [1/8]), might offer intermediate halt during the plunge to the 1.3305 mark (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3397 (Murray [6/8]), the rise can continue to the area of 1.3412 (Murray [7/8]), 1.3427 (Murray [8/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. Stochastic’s lines are pointed downwards. The volumes of MACD histogram are decreasing in the positive zone. Support and resistance Support levels:1.3351, 1.3336, 1.3320, 1.3305. Resistance levels: 1.3382, 1.3397, 1.3412, 1.3427. Trading recommendations Short positions can be opened below the level of 1.3351 with the target at around 1.3320-1.3305 and stop-loss 1.3366. Long positions can be opened above the level of 1.3397 with the target at around 1.3412, 1.3427 and stop-loss 1.3385. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 12, 2019 Share Posted April 12, 2019 EUR/USD: technical analysis 12.04.2019 Current trend The EURUSD pair begins today’s trading with bullish bias. At the moment the price has met the resistance at the level of 1.1291 (Murray [8/8]), that holds the gate for its rise to 1.1306 (Murray [+1/8]) and then to the 1.1322 (Murray [+2/8]) resistance-line. The area of 1.1322 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Additionally, pair’s sustained trading beyond the 1.1322 could set the area of 1.1358 level as next on buyers targets. Pullback below 1.1269 (middle line of Bollinger Bands) could lead the price to the 1.1245 (Murray [5/8]) and 1.1230 (Murray [4/8]) level. Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards. Support and resistance Support levels: 1.1261, 1.1230, 1.1200. Resistance levels: 1.1291, 1.1322, 1.1358. Trading recommendations Long positions can be opened above the level of 1.1291 with the target at around 1.1322-1.1358 and stop-loss 1.1270. Short positions can be opened below the level of 1.1269 with the target at around 1.1230 and stop-loss 1.1285. Link to comment Share on other sites More sharing options...
Andy.atx Posted April 15, 2019 Share Posted April 15, 2019 NZD/USD: technical analysis 15.04.2019 Current trend On 4-hour chart, NZD/USD shows a positive dynamic. The NZD/USD price is moderately growing and is now testing the resistance level of of 0.6774 (Murray [4/8]). Assuming the pair’s ability to cross 0.6774 mark, the levels of 0.6790 (Murray [5/8]) and the 0.6820 (Murray [7/8]) can be targeted if holding long positions. If NZD/USD cannot consolidate above the level of 0.6774 in short time period, the downward trend restoration and retest of the level 0.6744 (Murray [2/8]) are possible. The downward trend will be restored after the price is set below the level of 0.6744, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). Now the technical indicators reflect the moderate developing of the current upward trend. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of sell positions. Stochastic is pointed sideways. Support and resistance Support levels: 0.6744, 0.6713, 0.6683, 0.6652. Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866. Trading recommendations Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760. Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6820 and stop-loss 0.6760. Link to comment Share on other sites More sharing options...
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