Atirox.com - Daily Analysis - Support & Resistant

Discussion in 'Signal Service' started by Atirox, Aug 9, 2018.

  1. Andy.atx

    Andy.atx ECZ Member

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    GBP/USD: TECHNICAL ANALYSIS 23.06.20
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    Current trend


    GBP/USD quotes attempted to grow, but reaching 1.25060 marks moved to a downward correction. At the moment the price has met the support at 1.24352 level, which coincided with the middle line of Bollinger Bands. The breakdown of this mark and pair’s sustained trading below 1.24300 will be a signal of the downward trend resumption and let the price decline to the area of 1.23901 support-line.


    Alternative scenario


    The upward rebound from the middle line of Bollinger Bands and pullback above 1.24800 will let the price re-test the 1.25060 today's high. One may speak about upward movement continuation after the price consolidates above the resistance level of 1.25122. In this case, the buyers will aim for the 1.25400-1.25732 resistance area.


    Technical indicators


    The technical picture is mixed.


    Bollinger Bands are converging on the background of bullish momentum.


    MACD is decreasig in the negative zone.


    Stochastic is preparing to exit the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 1.24512, 1.24352, 1.23901.
    Resistance levels: 1.25122, 1.25486, 1.25732.


    Trading recommendations


    Short positions can be opened below the level of 1.24352 with the target at around 1.24000 and stop-loss at 1.24469.
    Long positions can be opened above the level of 1.25122 with the target at around 1.25486 and stop-loss at 1.25000.
     
  2. Andy.atx

    Andy.atx ECZ Member

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    USD/JPY: TECHNICAL ANALYSIS 23.06.20
    [​IMG]
    Current trend


    On the 4-hour chart, the instrument keeps a positive dynamic. The price went up above the level of 107.100 and can grow further to the levels of 107.281-107.422. This area seems a strong resistance zone, which can activate a downward reverse of the price. Meanwhile, the breakout of the 107.422 can accelerate the growth to the area of 107.633-107.813.


    Alternative scenario


    The pullback below the 107.031 level will be a sign of the downward correction development and let the price decline to 106.847 level, which coincided with the middle line of Bollinger Bands. As the key target of the correction, this mark can activate an upward reverse of the price. However, the decisive breakdown of 107.031 and the pair's sustained trading below 106.641 are needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 106.250.


    Technical indicators


    Technical indicators maintain a buy signal.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD volumes are decreasing in the negative zone.


    Stochastic is pointed upwards, reflecting the high possibility of upward movement formation.


    Support and resistance


    Support levels: 107.031, 106.847, 106.641, 106.250.
    Resistance levels: 107.215, 107.422, 107.633, 107.813.


    Trading recommendations


    Short positions can be opened below the level of 106.847 with the target at around 106.540 and stop-loss at 106.940.
    Long positions can be opened above the level of 107.422 with the target at around 107.700 and stop-loss at 107.329.
     
  3. Andy.atx

    Andy.atx ECZ Member

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    AUD/USD: TECHNICAL ANALYSIS 23.06.20
    [​IMG]
    Current trend


    AUD/USD quotes attempted to grow, but reaching 0.69342 mark moved to a downward correction.
    Price has tested the midline of Bollinger Bands (0.68574) but cannot break through it. If the sellers manage to decline the rate below the level of 0.68970, the price can re-test the 0.68574 support-line. As the strong support, this level can activate an upward reverse of the price. However, its breakdown will be a signal of the downward trend resumption and give a prospect of decline to the area of 0.68359-0.68275.


    Alternative scenario


    The upward rebound from 0.68970 and the pair’s sustained trading above 0.69275 will be a signal of the upward trend resumption and let the price grow to 0.69580 resistance. This mark can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 0.69580 and pair’s sustained trading above 0.69759 will be a signal of the upward trend resumption and let the price grow to 0.69885-0.70190 resistance.


    Technical indicators


    Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD is growing in a positive zone.


    Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 0.68970, 0.68665, 0.68359.
    Resistance levels: 0.69275, 0.69580, 0.69885.


    Trading recommendations


    Short positions can be opened below the level of 0.68970 with the target at around 0.68665 and stop-loss at 0.69071.
    Long positions can be opened above the level of 0.69275 with the target at around 0.69580 and stop-loss at 0.69173.
     
  4. Andy.atx

    Andy.atx ECZ Member

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    NZD/USD: TECHNICAL ANALYSIS 24.06.20
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    Current trend


    NZD/USD quotes attempted to grow, but reaching 0.65134 mark moved to a downward correction. At the moment, the price has met the support at 0.64486 level around the middle line of Bollinger Bands. Assuming the pair’s ability to cross this mark, the level of 0.64357 can be targeted if holding sell positions. This area seems a strong support-line, which can activate an upward reverse of the price. Meanwhile, the decisive break of 0.64350 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 0.64087-0.63998 area.


    Alternative scenario


    The upward rebound from 0.64486 and pullback above 0.64697 will be a sign of the upward trend resumption and let the price grow to the area of 0.65002 level, which impedes growth to today's high at 0.65326 resistance-line. The breakout and consolidation above it will give the prospect of growth to the level of 0.65613.


    Technical indicators


    Technical indicators maintain a sell signal.


    Bollinger Bands are converging on the background of bearish momentum.


    MACD volumes are decreasing in the positive zone.


    Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.


    Support and resistance


    Support levels: 0.64392, 0.64087, 0.63782.
    Resistance levels: 0.64697, 0.65002, 0.65308.


    Trading recommendations


    Short positions can be opened below the level of 0.64392 with the target at around 0.64087 and stop-loss at 0.64493.
    Long positions can be opened above the level of 0.64697 with the target at around 0.65002 and stop-loss at 0.64595.
     
  5. Andy.atx

    Andy.atx ECZ Member

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    XAU/USD: TECHNICAL ANALYSIS 24.06.20
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    Current trend


    XAU/USD is in the stage of a downward correction after growing to the level of 1773.80. The first support-line for the pair is located on 1765.63 level. The breakdown of this mark will confirm the downward correction development and let the price decline to the area of 1758.18-1754.75. The key “bearish” level for the pair is 1752.46-1750.00 area at the middle line of Bollinger bands. This zone can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, the decisive breakout of 1750.00 is needed to indicate the downward trend resumption. In this case, the sellers will aim for the 1746.00-1740.00 area.


    Alternative scenario


    If the instrument cannot consolidate below the level of 1765.63, it will begin to grow to the area of today's high at 1773.80. The breakout of this level will be a signal of the upward trend resumption and give a prospect of the growth to the area of 1777.00-1781.25 resistance.


    Technical indicators


    Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term.


    Bollinger Bands are pointed upwards.


    MACD is growing in a positive zone.


    Stochastic is preparing to exit the overbought zone and is directed downwards, signaling the development of a downward correction.


    Support and resistance


    Support levels: 1765.63, 1758.18, 1754.78, 1750.00.
    Resistance levels: 1773.80, 1777.00, 1781.25.


    Trading recommendations


    Short positions can be opened below the level of 1765.63 with the target at around 1760.00 and stop-loss at 1767.50.
    Long positions can be opened above the level of 1773.80 with the target at around 1778.00 and stop-loss at 1772.40.
     
  6. Andy.atx

    Andy.atx ECZ Member

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    EUR/JPY: TECHNICAL ANALYSIS 24.06.20
    [​IMG]
    Current trend


    On a 4-hour chart, the pair is trading above the middle line of Bollinger bands suggesting bullish momentum. The first strong resistance for the pair is located on 120.703 resistance. Should prices continue growing above this level, the mark of 121.094 might try activating a downward reverse of the price. Meanwhile, the decisive breakout of 121.100 can trigger a pair’s fresh run-up to an 8-days high surrounding 121.484.


    Alternative scenario


    The downward rebound from 120.703 resistance could lead the price back to 120.313-120.242 area, which seems a strong support-zone. The downward trend will be restored after the price is set below the level of 119.896, which is the middle line of Bollinger Bands. In this case, the sellers will aim for the 119.531 support-line.


    Technical indicators


    Technical indicators maintain a buy signal.


    Bollinger Bands are diverging on the background of bullish momentum.


    MACD is growing in a positive zone.


    Stochastic is pointed sideways, reflecting the relative calmness of the market.


    Support and resistance


    Support levels: 120.313, 119.922, 119.531.
    Resistance levels: 120.703, 121.094, 121.484.


    Trading recommendations


    Short positions can be opened below the level of 120.313 with the target at around 119.922 and stop-loss at 120.443.
    Long positions can be opened above the level of 120.703 with the target at around 121.094 and stop-loss at 120.572.