Atirox.com - Daily Analysis

[andy.atx]

EUR/USD: technical analysis 29.05.2019



Current trend

On the 4-hour chart, the instrument is moderately falling along the lower line of the Bollinger Bands. Now the EUR/USD pair is trading below strong support level of 1.1169 (Murray [4/8]) and may aim for the 1.1154 (Murray [3/8])-1.1138 (Murray [2/8]) support-zone. Should prices continue slipping under 1.1138, the levels of 1.1123 and the 1.1108 might try activating a upward rebound. If the “bulls” manage to raise the rate above the level of 1.1184 (the middle line of Bollinger Bands), the correction can continue to the area of 1.1200 (Murray [6/8])-1.1215 (Murray [7/8]). 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 downward dynamic. MACD is slowly growing in the hegative zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.1154, 1.1138, 1.1123, 1.1108.
Resistance levels: 1.1169, 1.1184, 1.1200, 1.1215.

Trading recommendations

Short positions can be opened below the level of 1.1154 with the target at around 1.1138-1.1123 and stop-loss 1.1164.
Long positions can be opened above the level of 1.1184 with the target at around 1.1200-1.1215 and stop-loss 1.1174.

 

[andy.atx]

GBP/USD: technical analysis 30.05.2019



Current trend

The GBP/USD pair begins today’s trading with slight bullish bias due to upward correcton. The main target of the correction is the level of 1.2657, which corresponds to the middle line of Bollinger Bands. If the price is set above the level of 1.2657, the upward trend can restore, and the instrument can retest the resistance level of 1.2695 (Murray [0/8]). The downward trend will be restored after the price is set below the level of 1.2610. In this case, the next targets of sellers will be the level of 1.2573 (Murray [-2/8]), that might try activating a upward rebound. A significant decrease is possible after the breakdown of the level 1.2573, which can develop to the levels of 1.2524, 1.2504. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.2610, 1.2573, 1.2524, 1.2504.
Resistance levels: 1.2657, 1.2695, 1.2756.

Trading recommendations

Short positions can be opened below the level of 1.2610 with the target at around 1.2573 and stop-loss 1.2623.
Long positions can be opened above the level of 1.2657 with the target at around 1.2695 and stop-loss 1.2644.

 

[andy.atx]

USD/CAD: technical analysis 11.06.2019



Current trend

On 4-hour chart, USD/CAD shows a moderate negative dynamic. The instrument is now testing the support level of 1.3259. If the current trend maintains, the next targets of sellers will be the level of 1.3244 (Murray [1/8]). The level of 1.3244 seem a key level for the sellers in short term period. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.3183 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.3280, the correction can continue to the area of 1.3305 (Murray [2/8]), that holds the gate for its rise to 1.3366 (Murray [3/8]) resistance-line. Technical indicators mostly reflect the maintenance of the downward trend. Bollinger Bands and Stochastic are pointed downwards. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122.
Resistance levels: 1.3280, 1.3305, 1.3366.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3264.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.3285.

 

[andy.atx]

EUR/USD: technical analysis 17.06.2019



Current trend

The price has tested the support level of 1.1201 and was slightly corrected upwards, but the general downward trend maintains. The breakdown and pair’s sustained trading below the the level 1.1200 (Murray [3/8]) will let the price fall to the level of 1.1169 (Murray [2/8]). Alternatively, pullback above the level of 1.1230 (Murray [4/8]) can accelerate the pair towards 1.1261 (Murray [5/8]), which is the main target of upward correction. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. The volumes of MACD histogram are growing in the negative zone. However, as the Stochastic is in the overbought area, and the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

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

Trading recommendations

Short positions can be opened below the level of 1.1200 with the target at around 1.1169 and stop-loss 1.1210.
Long positions can be opened above the level of 1.1230 with the target at around 1.1261 and stop-loss 1.1220.

 

[andy.atx]

XAU/USD: technical analysis 24.06.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic, but reaching 1400.52 mark moved to a downward correction. The main target of the correction is the level of 1375.00 (Murray [4/8]), which corresponds to the middle line of Bollinger Bands. Meanwhile, the level of 1399.43 might offer intermediate halt during the plunge to 1375.00 mark. If the sellers manage to decline the rate below the level of 1399.43, the correction can continue to the area of 1390.63 (Murray [5/8]). The upward trend will be restored after the price is set above the level of 1411.10. In this case, the next targets of buyers will be the level of 1414.00. Technical indicators reflect the moderate maintenance of the upward trend. Bollinger Bands are pointed upwards. MACD is actively growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1399.43, 1390.63, 1375.00.
Resistance levels: 1411.10, 1414.00, 1417.00.

Trading recommendations

Long positions can be opened above the level of 1411.10 with the target at around 1414.00 and stop-loss 1410.00.
Short positions can be opened below the level of 1399.43 with the target at around 1395.97 and stop-loss 1400.70.

 

[andy.atx]

EUR/USD: technical analysis 25.06.2019



Current trend

On 4-hour chart, the instrument shows a positive dynamic. The lack of long-term corrections reflects the strength of the current trend. The price is approaching a resistance in the region of 1.1413 (Murray [6/8]). Assuming the pair’s ability to cross the level of 1.1413, the mark of 1.1444 (Murray [7/8])-1.1474 (Murray [8/8]) can be targeted if holding long positions. If EUR/USD cannot consolidate above the level of 1.1413 during short time period, the downward trend restoration and retest of the level 1.1352 (Murray [4/8]) are possible. This case scenario will be active after price is set below the level of 1.1383 (Murray [5/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are pointed upwards. MACD is growing in the positive zone. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1.1383, 1.1352, 1.1322, 1.1291.
Resistance levels: 1.1413, 1.1444, 1.1505, 1.1535.

Trading recommendations

Short positions can be opened below the level of 1.1383 with the target at around 1.1352 and stop-loss 1.1391.
Long positions can be opened above the level of 1.1413 with the target at around 1.1444 and stop-loss 1.1403.

 

[andy.atx]

USD/CHF: technical analysis 03.07.2019



Current trend

On the 4-hour chart, USD/CHF bounced off the 0.9833 (the middle line of Bollinger Bands) horizontal-support but is yet to cross the 0.9964 resistance that impedes growth to 0.9887 (Murray [2/8]) resistance-line. Assuming the pair’s ability to cross 0.9887 mark, the level of 0.9948 (Murray [3/8]) can be targeted if holding long positions. If USD/CHF cannot consolidate above the level of 0.9887 during short term period, the downward trend restoration and retest of the level 0.9833 are possible. The downward trend will be restored after the price is set below the level of 0.9826. In this case, the next targets of sellers will be the level of 0.9765 (Murray [0/8]). The technical picture is mixed. Bollinger Bands are pointed upwards. 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: 0.9826, 0.9765, 0.9704.
Resistance levels: 0.9887, 0.9948, 1.0009.

Trading recommendations

Short positions can be opened below the level of 0.9826 with the target at around 0.9765 and stop-loss 0.9846.
Long positions can be opened above the level of 0.9887 with the target at around 0.9948 and stop-loss 0.9867.

 

[andy.atx]

NZD/USD: technical analysis 10.07.2019



Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6565. The first target of the correction is the level of 0.6622 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. This case scenario will be actual when the price is will cross the mark of 0.6607 (Murray [1/8]). Additionally, pair’s sustained trading above the level of 0.6622 could set the area of 0.6637-0.6652 as next buyers’ targets. The downward trend will be restored after the price is set below the level of 0.6591 (Murray [0/8]). In this case, the next targets of sellers will be the level of 0.6576 (Murray [-1/8])-0.6561 (Murray [-2/8]). There is a chance of an upward rebound from the area of 0.6561 level, while its breakdown would allow the fall to continue. 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 bullish correction, reflecting the development of the upward movement. MACD volumes are in the negative zone and are moving along the zero line. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.6591, 0.6576, 0.6561, 0.6543.
Resistance levels: 0.6607, 0.6622, 0.6637, 0.6652.

Trading recommendations

Long positions can be above the level of 0.6607 with the target at around 0.6622-0.6637 and stop-loss 0.6597.
Short positions can be opened below the level of 0.6591 with the target at around 0.6576-0.6561 and stop-loss 0.6601.

 

[andy.atx]

USD/JPY: technical analysis 17.07.2019



Current trend

USD/JPY quotes attempted to grow, but reaching 108.371 mark moved to a downward correction. The first target of the correction is the level of 108.062, which corresponds to the middle line of Bollinger Bands. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 107.813 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 108.322, the upward movement can continue to the area of 108.398 (Murray [3/8]), that holds the gate for its rise to 108.594 (Murray [4/8]) resistance-line. Technical indicators mostly reflect the moderate maintenance of the downward trend. Bollinger Bands are converging, on the background of bearish movement. Stochastic’s lines are pointed downwards. MACD volumes are decreasing in the negative zone, showing the growth of buyers’ moods.

Support and resistance

Support levels: 108.203, 108.008, 107.813, 107.617.
Resistance levels: 108.398, 108.594, 108.789.

Trading recommendations

Short positions can be opened below the level of 108.203 with the target at around 108.008 and stop-loss 108.270.
Long positions can be opened above the level of 108.398 with the target at around 108.594 and stop-loss 108.340.

 

[andy.atx]

USD/JPY: technical analysis 18.07.2019



Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. At the moment the price has met the support at the level of 107.617 (Murray [-1/8]). Assuming the pair’s ability to cross 107.617 level, the mark of 107.527-107.422 (Murray [-2/8]) can be targeted if holding sell positions. If the “bulls” manage to raise the rate above the level of 107.813 (Murray [0/8]), the correction can continue to the area of level 108.008 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging. MACD is actively growing in the negative zone. Stochastic is the in the oversold area and is pointed downwards.

Support and resistance

Support levels: 107.617, 107.527, 107.422.
Resistance levels: 107.813, 108.008, 108.203.

Trading recommendations

Short positions can be opened below the level of 107.617 with the target at around 107.527-107.422 and stop-loss 107.675.
Long positions can be opened above the level of 107.813 with the target at around 108.008 and stop-loss 107.760.

 

[andy.atx]

XAU/USD: technical analysis 05.08.2019



Current trend

On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The price is now testing the resistance level of 1453.13 (Murray [6/8]). Assuming the pair’s ability to cross 1453.13 mark, the levels of 1455.00-1460.94 (Murray [7/8]) can be targeted if holding long positions. Alternative scenario. Pullback and pair’s sustained trading below the level of 1445.31 (Murray [5/8]) could push the price to the 1441.00 and 1437.50 (Murray [4/8]) level. Technical indicators mostly keep a buy signal. Bollinger Bands are diverging, reflecting the development of the current upward trend. The volumes of MACD histogram are growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1445.67, 1441.00, 1437.50.
Resistance levels: 1453.13, 1455.00, 1460.94.

Trading recommendations

Long positions can be opened above the level of 1453.13 with the target at around 1455.00-1460.94 and stop-loss 1451.13.
Short positions can be opened below the level of 1445.31 with the target at around 1441.00 and stop-loss 1446.90.

 

[andy.atx]

USD/CAD: technical analysis 15.08.2019



Current trend

USD/CAD is in the stage of downward correction after raising to the level of 1.33238. At the moment the price has met the support at the level of 1.33057 (Murray [8/8]). If the sellers manage to decline the rate below the level of 1.33057, the correction can continue to the area of 1.32916, 1.32751. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.33238. In this case, the next targets of buyers will be the level of 1.33362 (Murray [+1/8])-1.33443. Meanwhile, any attempted growth seems more likely to get sold into aggressively near this region. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are 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: 1.33057, 1.32916, 1.32751.
Resistance levels: 1.33238, 1.363362, 1.33443.

Trading recommendations

Short positions can be opened below the level of 1.33057 with the target at around 1.32916-1.32751 and stop-loss 1.33159.
Long positions can be opened above the level of 1.33238 with the target at around 1.33362-1.33443 and stop-loss 1.33169.

 

[andy.atx]

USD/CHF: technical analysis 19.08.2019



Current trend

On 4-hour chart, the instrument shows a moderate positive dynamic. If the current trend maintains the next targets of buyers will be the area of resistance levels of 0.98120-0.98267 (Murray [6/8]). Pullback and pair’s sustained trading below the level of 0.97802 will let the price fall to the level of 0.97656 (Murray [4/8]). The area of 0.97656 level is coincided with the middle line of Bollinger Bands and seem a key zone for the short term sellers. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the level of 0.97436-0.97351 (Murray [3/8]). Technical indicators mostly keep a buy signal. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.97802, 0.97656, 0.97436.
Resistance levels: 0.97961, 0.98120, 0.98267, 0.98440.

Trading recommendations

Long positions can be opened above the level of 0.97961 with the target at around 0.98120 and stop-loss 0.97908.
Short positions can be opened below the level of 0.97802 with the target at around 0.97656 and stop-loss 0.97850.

 

[andy.atx]

USD/CHF: technical analysis 20.08.2019



Current trend

The USD/CHF pair begins today’s trading with slight bearish bias due to downward correction. If the current trend maintains, the next targets of sellers will be the level of 0.97961 (Murray [-1/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97840 (middle line of Bollinger Bands). Alternative scenario. The breakout of 0.98267 (Murray [-2/8]) level can accelerate the pair towards 0.98429-0.98680 resistance area. 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 in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.97961, 0.97840, 0.97656.
Resistance levels: 0.98163, 0.98267, 0.98429.

Trading recommendations

Long positions can be opened above the level of 0.98267 with the target at around 0.98429 and stop-loss 0.98213.
Short positions can be opened below the level of 0.97961 with the target at around 0.97840 and stop-loss 0.98001.

 

[andy.atx]

USD/CHF: technical analysis 22.08.2019



Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 0.98302. Failure to conquer the 0.98632 mark during short term period seems fetching the USD/CHF to 0.98162-0.98017 support. The level of 0.98017 is coincided with the middle line of Bollinger Bands and seem a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.97846. The upward trend will be restored after the price is set above the level of 0.98302. Pair’s sustained trading above this mark could set the levels of 0.98408, 0.98572 on buyers’ radar. 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 in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 0.98162, 0.98017, 0.97846.
Resistance levels: 0.98302, 0.98408, 0.98572.

Trading recommendations

Long positions can be opened above the level of 0.98302 with the target at around 0.98408-0.98572 and stop-loss 0.98212.
Short positions can be opened below the level of 0.98162 with the target at around 0.98017 and stop-loss 0.98210.

 

[andy.atx]

USD/CHF: technical analysis 26.08.2019



Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The correction attempt was limited to resistance level 0.97761. If the “bulls” manage to raise the rate above the level of 0.97761, the correction can continue to the area of 0.97961 (Murray [5/8]).
Alternative scenario.
One may speak about downward movement continuation after the price consolidates below the support level of 0.97351 (Murray [3/8]). In this case, the next targets of sellers will be the level of 0.97213-0.97046 (Murray [2/8]). Technical indicators reflect the moderate maintenance of the general downward trend. Bollinger Bands are diverging, reflecting the active development of the downward dynamic. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is preparing to exit the oversold zone and is directed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 0.97351, 0.97213, 0.97046.
Resistance levels: 0.97761, 0.97961, 0.98326.

Trading recommendations

Short positions can be opened below the level of 0.97351 with the target at around 0.97213 and stop-loss 0.97397.
Long positions can be opened above the level of 0.97761 with the target at around 0.97961 and stop-loss 0.97694.

 

[andy.atx]

USD/CHF: technical analysis 29.08.2019



Current trend

The USD/CHF pair begins today’s trading with slight bearish bias. At the moment the price has met the support at the level of 0.97994, which is the middle line of Bollinger Bands. The breakdown and consolidation of the price below the level of 0.97994 will let USD/CHF reach the level of 0.97813. Assuming the pair’s ability to cross 0.97813 mark, the level of 0.97656 (Murray [0/8]) can be targeted if holding short positions. If the instrument cannot consolidate below the level of 0.97994 during short term period, it will begin to grow to the area of 0.98239-0.98267 (Murray [2/8]). The area of 0.98239-0.98267 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 0.98267 can accelerate the pair towards 0.98445 mark. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are slowly decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 0.97961, 0.97813, 0.97656.
Resistance levels: 0.98085, 0.98239, 0.98445.

Trading recommendations

Short positions can be opened below the level of 0.97994 with the target at around 0.97656 and stop-loss 0.98095.
Long positions can be opened above the level of 0.98239 with the target at around 0.98445 and stop-loss 0.98170.

 

[andy.atx]

USD/CHF: technical analysis 02.09.2019



Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. If the current trend maintains the next targets of buyers will be the level of 0.99182 (Murray [5/8]), which can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The breakout of 0.99182 will let the price to grow to the area of 0.99323-0.99487 (Murray [6/8]).
Alternative scenario. The downward trend will be restored after the price is set below the level of 0.98877 (Murray [4/8]). In this case, the next targets of sellers will be the level of 0.98724 – 0.98572 (Murray [3/8]). Technical indicators mostly 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: 0.98877, 0.98724, 0.98572.
Resistance levels: 0.99182, 0.99323, 0.99487.

Trading recommendations

Short positions can be opened below the level of 0.98877 with the target at around 0.98724-0.98572 and stop-loss 0.98978.
Long positions can be opened above the level of 0.99182 with the target at around 0.99323 and stop-loss 0.99080.

 

[andy.atx]

USD/CHF: technical analysis 05.09.2019



Current trend

The USD/CHF pair begins today’s trading with slight bullish bias due to upward correction. The price went up above the resistance level of 0.98267 (Murray [2/8]) and can grow further to the levels of 0.98572 (Murray [3/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area of 0.98734 (middle line of Bollinger Bands). Pullbacks below 0.98267 mark could lead the price to the 0.97995 support level. The downward trend will be restored after the price is set below the level of 0.97961 (Murray [1/8]). In this case, the next targets of sellers will be the level of 0.97775-0.97656 (Murray [0/8]). Technical indicators mostly reflect the moderate maintenance of the current upward сorrection. Bollinger Bands are diverging on the background of bullish momentum. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation. MACD volumes are slowly decreasing in the negative zone.

Support and resistance

Support levels: 0.98267, 0.97961, 0.97656.
Resistance levels: 0.98572, 0.98734, 0.98877.

Trading recommendations

Long positions can be opened above the level of 0.98426 with the target at around 0.98572-0.98734 and stop-loss 0.98323.
Short positions can be opened below the level of 0.98267 with the target at around 0.97961 and stop-loss 0.98369.

 

[andy.atx]

USD/CHF: technical analysis 09.09.2019



Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. At the moment the pairs is trying to consolidate above the level of 0.98877 (Murray [4/8]). The upward dynamic will be restored after price is set above the 0.98929 mark. In this case, the next targets of buyers will be the level of 0.99030 (Murray [+1/8]). Should prices continue raising above 0.99030 mark, the level of 0.99182 (Murray [+2/8]) might try activating a downward rebound. If the sellers manage to decline the rate below the level of 0.98835, the downward correction can continue to the area of 0.98692-0.98572 (Murray [3/8]). The mark of 0.98572 (the middle line of Bollinger Bands) seem a key level for downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98419. Technical indicators mostly reflect the moderate maintenance of the current upward сorrection. Bollinger Bands are diverging on the background of bullish momentum. Stochastic is pointed upwards. The volumes of MACD histogram are growing in the positive zone.

Support and resistance

Support levels: 0.98835, 0.98692, 0.98572.
Resistance levels: 0.98929, 0.99030, 0.99182.

Trading recommendations

Long positions can be opened above the level of 0.98929 with the target at around 0.99030-0.99182 and stop-loss 0.98844.
Short positions can be opened below the level of 0.98835 with the target at around 0.98692-0.98572 and stop-loss 0.98922.