Atirox.com - Daily Analysis

[andy.atx]

USD/CAD: technical analysis 20.03.2019



Current trend

On the 4-hour chart, USD/CAD is trading above the level of middle line of Bollinger Bands. At the moment the price has met the resistance at the level of 1.3336 (Murray [5/8]) that impedes growth to 1.3366 (Murray [6/8]). There is a chance of a downward rebound from the level of 1.3366, while its breakout would allow the growth to continue to the area of 1.3397 (Murray [7/8]). Pullback below 1.3305 (Murray [4/8]) could lead to the 1.3275 (Murray [3/8]) and 1.3244 (Murray [2/8]) level.
Technical indicators mostly keep a buy signal. Bollinger Bands are leaned sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.3305, 1.3275, 1.3244, 1.3214.
Resistance levels: 1.3336, 1.3366, 1.3397, 1.3427.

Trading recommendations

Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3244 and stop-loss 1.3320.
Long positions can be opened above the level of 1.3336 with the target at around 1.3366-1.3397 and stop-loss 1.3320.

 

[andy.atx]

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.

 

[andy.atx]

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.

 

[andy.atx]

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.

 

[andy.atx]

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.

 

[andy.atx]

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.

 

[andy.atx]

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.

 

[andy.atx]

GBP/USD: technical analysis 16.04.2019



Current trend

On the 4-hour chart, GBP/USD is moderately slipping. At the moment the price has met the support at the level of 1.3092 (Murray [5/8]), which coincided with the middle line of Bollinger Bands. The breakdown of this level will let GBP/USD fall to the level of 1.3061 (Murray [4/8]). The area of 1.3061 level seem the key support as break of which can diver market to 1.3031-1.3000 rest-points. The upward trend will be restored after the price is set above the level of 1.3122 (Murray [7/8]). In this case, the level of 1.3183 (Murray [8/8]) can be targeted if holding long positions. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands and Stochacti are slightly leaned downwards. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels:n 1.3092, 1.3061, 1.3031, 1.3000.
Resistance levels: 1.3122, 1.3153, 1.3183, 1.3214.

Trading recommendations

Short positions can be opened below the level of 1.3092 with the target at around 1.3061-1.3031 and stop-loss 1.3110.
Long positions can be opened above the level of 1.3122 with the target at around 1.3153-1.3183 and stop-loss 1.3100.

 

[andy.atx]

NZD/USD: technical analysis 18.04.2019



Current trend

On 4-hour chart, NZD/USD is moderately slipping. The instrument is now testing the level of 0.6713 (Murray [4/8]), which seem a key level for the sellers in short term period. Should prices continue slipping under 0.6698, the levels of 0.6683 (Murray [2/8]) and the 0.6668 (Murray [1/8]) might try activating a upward rebound. A significant decrease is possible after the breakout of the level 0.6668, which can develop to the levels of 0.6652 (Murray [0/8]), 0.6637 (Murray [-1/8]). If the “bulls” manage to raise the rate above the level of 0.6744, the rise can continue to the area of 0.6774 (Murray [8/8]). Now the technical indicators reflect the moderate developing of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 0.6713, 0.6683, 0.6652, 0.6637.
Resistance levels: 0.6729, 0.6744, 0.6759, 0.6774.

Trading recommendations

Short positions can be opened below the level of 0.6713 with the target at around 0.6683-0.6652 and stop-loss 0.6763.
Long positions can be opened above the level of 0.6729 with the target at around 0.6744-0.6774 and stop-loss 0.6714.

 

[andy.atx]

EUR/USD: technical analysis 22.04.2019



Current trend

EUR/USD is in the stage of upward correction , but the downward trend is still maintained, which is confirmed by technical indicators. The pair bounced off the 1.1230 (Murray [0/8]) horizontal-support but is yet to consolidate above the 1.1245 (Murray [1/8]) resistance that impedes growth to 1.1261 (Murray [2/8]) resistance-line. 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 [4/8]), 1.1306 (Murray [5/8]). The downward trend will be restored after the price is set below the level of 1.1230. In this case, the next targets of sellers will be the area of levels 1.1200 (Murray [-2/8])-1.1183 . 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’s lines are pointed downwards.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1182, 1.1150.
Resistance levels: 1.1245, 1.1276, 1.1291, 1.1306.

Trading recommendations

Long positions can be opened above the level of 1.1261 with the target at around 1.1291-1.1306 and stop-loss 1.1240.
Short positions can be opened below the level of 1.1230 with the target at around 1.1200-1.1182 and stop-loss 1.1247.

 

[andy.atx]

NZD/USD: technical analysis 23.04.2019



Current trend

On 4-hour chart, NZD/USD is falling down along the lower line of the Bollinger Bands. The instrument is now testing the level of 0.6668 (Murray [1/8]). The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of sellers will be the level of 0.6652 (Murray [0/8]). Assuming the pair’s ability to cross 0.6652, the level of 0.6622 can be targeted if holding short positions. The upward movement will be restored after the price is set above the level of 0.6683 (Murray [2/8]), which is the middle line of Bollinger Bands. In this case, the raise can continue to the area of 0.6698 (Murray [3/8])-0.6713 (Murray [4/8]). Now the technical indicators reflect the moderate developing of the current downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.

Support and resistance

Support levels: 0.6668, 0.6652, 0.6637, 0.6622.
Resistance levels: 0.6683, 0.6698, 0.6713, 0.6729.

Trading recommendations

Short positions can be opened below the level of 0.6668 with the target at around 0.6637-0.6622 and stop-loss 0.6684.
Long positions can be opened above the level of 0.6683 with the target at around 0.6698-0.6713 and stop-loss 0.6673.

 

[andy.atx]

GBP/USD: technical analysis 24.04.2019



Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The EURUSD pair approached the key support 1.2939 (Murray [0/8]) this morning. Assuming the pair’s ability to cross 1.2939, the levels of 1.2909 (Murray [-1/8]) and the 1.2878 (Murray [-2/8]) can be targeted if holding sell positions. The area of 1.2878 level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. The upward trend will be restored after the price is set above the level of 1.2970, which is the middle line of Bollinger Bands. In this case the buyers will aim for the 1.3000 (Murray [2/8])-1.3031 (Murray [3/8]) resistance-zone. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are diverging, reflecting the active development of the current downwards trend. MACD volumes are decreasing in the negative zone. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.2939, 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2970, 1.3000, 1.3031, 1.3061.

Trading recommendations

Short positions can be opened below the level of 1.2939 with the target at around 1.2908-1.2878 and stop-loss 1.2960.
Long positions can be opened above the level of 1.2970 with the target at around 1.3000-1.3031 and stop-loss 1.2950.

 

[andy.atx]

GBP/USD: technical analysis 29.04.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic. The instrument is now testing the resistance level of 1.2939 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 1.2939, the growth can continue to the area of 1.2970 (Murray [5/8]), 1.3000 (Murray [6/8]). If GBP/USD cannot consolidate above the level of 1.2939 ib short-term period, the downward trend restoration and retest of the level 1.2908 (Murray [3/8]) are possible. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 1.2878 (Murray [2/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed sideways. Stochastic is is pointed upwards. MACD volumes are decreasing in the negative zone.

Support and resistance

Support levels: 1.2908, 1.2878, 1.2848.
Resistance levels: 1.2939, 1.2970, 1.3000, 1.3031.

Trading recommendations

Short positions can be opened below the level of 1.2908 with the target at around 1.2878-1.2848 and stop-loss 1.2930.
Long positions can be opened above the level of 1.2939 with the target at around 1.2970-1.3000 and stop-loss 1.2920.

 

[andy.atx]

EUR/USD: technical analysis 03.05.2019



Current trend

On the 4-hour chart, the instrument is falling down along the liwer line of the Bollinger Bands. The instrument is now testing the support level of 1.1169 (Murray [6/8]). If the price is set below this level, the downward trend can restore, and the instrument can test the support level of 1.1138 (Murray [5/8])-1.1108 (Murray [4/8]). Alternatively, breakout of 1.1200 (Murray [7/8]) will let the price to grow to the area of 1.1230 (Murray [8/8]) but its further upside might be confined by the 1.1261 (Murray [+1/8]) mark. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is in the oversold area and is poited upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 1.1169, 1.1138, 1.1108, 1.1077.
Resistance levels: 1.1200, 1.1230, 1.1261, 1.1291.

Trading recommendations

Short positions can be opened below the level of 1.1169 with the target at around 1.1138-1.1108 and stop-loss 1.1189.
Long positions can be opened above the level of 1.1200 with the target at around 1.1230-1.1261 and stop-loss 1.1180.

 

[andy.atx]

GBP/USD: technical analysis 06.05.2019



Current trend

GBP/USD is in the stage of downward correction. The price went down below the level of 1.3122 (Murray [7/8]) and can fall further to the levels of 1.3061 (Murray [6/8]), which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3061. In this case, the next targets of sellers will be the level of 1.3000 (Murray [5/8]). Alternatively, breakout of 1.3149 can accelerate the pair towards the area of 1.3183 (Murray [8/8]). The level of 1.3183 seem a tough resistance as break of which can accelerate the pair towards the level of 1.3244 (Murray [+1/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000, 1.2939.
Resistance levels: 1.3149, 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 1.3183 with the target at around 3244 and stop-loss 1.3163.

 

[andy.atx]

NZD/USD: technical analysis 07.05.2019



Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6591 (Murray [0/8]). The main target of the correction is the level of 0.6622 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. If the price is set above the level of 0.6622 (Murray [2/8]), the upward trend can restore, and the instrument can retest the resistance area of levels 0.6636 (Murray [3/8])-0.6652 (Murray [4/8]). Pullbacks below 0.6607 could lead the price back to the 0.6591 level. The level of 0.6591 seem tough support as break of which can diver market to 0.6576 (Murray [-1/8]) and the 0.6561 (Murray [-2/8]) rest-points. The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6607, 0.6591, 0.6576, 0.6522.
Resistance levels: 0.6622, 0.6637, 0.6652, 0.6668.

Trading recommendations

Long positions can be above the level of 0.6622 with the target at around 0.6652-0.6668 and stop-loss 0.6606.
Short positions can be opened below the level of 0.6607 with the target at around 0.6591-0.6576 and stop-loss 0.6627.

 

[andy.atx]

USD/JPY: technical analysis 08.05.2019



Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went down below the level of 110.15 (Murray [2/8]) and can fall further to the levels of 109.76 (Murray [1/8]). The breakdown of 109.76 will let the price to fall to the area of 109.37 (Murray [0/8]). The level of 109.37 seem tough support, that can activate an upward rebound. If the “bulls” manage to raise the rate above the level of 110.15, the correction can continue to the area of 110.54 (Murray [3/8])-110.70. Technical indicators mostly maintain a sell signal. Bollinger Bands are leaned downwards. The volumes of MACD histogram are actively growing in the negative zone. Stochastic is in the oversold area and is poited upwards.

Support and resistance

Support levels: 109.76, 109.37, 108.98.
Resistance levels: 110.15, 110.54, 110.93.

Trading recommendations

Short positions can be opened below the level of 109.76 with the target at around 109.37 and stop-loss 109.89.
Long positions can be opened above the level of 110.15 with the target at around 110.54-110.70 and stop-loss 109.07.

 

[andy.atx]

NZD/USD: technical analysis 20.05.2019



Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6513. The first target of the correction is the level of 0.6544 , which corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 0.6544, the correction can continue to the area of 0.6561 (Murray [7/8])-0.6591 (Murray [8/8]). The downward trend will be restored after the price is set below the level of 0.6513. In this case, the next targets of sellers will be the area of 0.6500 (Murray [5/8])-0.6469 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.6530, 0.6500, 0.6469.
Resistance levels: 0.6561, 0.6591, 0.6622.

Trading recommendations

Short positions can be opened below the level of 0.6513 with the target at around 0.6469 and stop-loss 0.6527.
Long positions can be above the level of 0.6544 with the target at around 0.6591 and stop-loss 0.6530.

 

[andy.atx]

AUD/USD: technical analysis 27.05.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.6927 (Murray [3/8]) and can grow further to the level of 0.6958 (Murray [4/8]). The level of 0.6958 seem a strong support, that can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 0.6958 mark, the level of 0.6988 (Murray [5/8]) can be targeted if holding long positions. Alternatively, pullback below the level of 0.6927 can fetching the AUDUSD to 0.6897 (Murray [2/8]) support, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6866 (Murray [1/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. 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: 0.6927, 0.6897, 0.6866,
Resistance levels: 0.6958, 0.6988, 0.7019.

Trading recommendations

Short positions can be opened below the level of 0.6927 with the target at around 0.6897-0.6866 and stop-loss 0.6947.
Long positions can be opened above the level of 0.6940 with the target at around 0.6958-0.6988 and stop-loss 0.6924.

 

[andy.atx]

USD/CAD: technical analysis 28.05.2019



Current trend

On 4-hour chart, the instrument shows a moderate negative dynamic. The price is approaching a strong support in the region of 1.3427 (Murray [4/8]). There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3397 (Murray [3/8]). Should prices continue slipping under 1.3397 mark, the levels of 1.3366 (Murray [2/8])-1.3336 (Murray [1/8]) might try activating an upward rebound. Alternatively, pullback above the level of 1.3458 (Murray [5/8]) could lead the price to the 1.3488 (Murray [6/8]) level. Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the 1.3488 region. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD histogram is ready to enter the negative zone and form a sell signal. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3458, 1.3488, 1.3519.

Trading recommendations

Long positions can be opened above the level of 1.3458 with the target at around 1.3488-1.3519 and stop-loss 1.3438.
Short positions can be opened below the level of 1.3427 with the target at around 1.3397-1.3366 and stop-loss 1.3447.