Technical Analytics Report

EURUSD, H4

In the 4 hours chart, the uptrend is still in effect. The instrument returned to growth after a short-term correction and is trading in the area of   the upper border of Bollinger bands. The indicator’s cloud is expanding, the upward dynamic is likely to persist in the short term. The MACD histogram is in the positive area, the signal line crosses the body of the histogram upwards, forming a signal to open buy positions. Stochastic demonstrates sideways movement along the border of the overbought zone, without forming a definite signal to enter the market.

Key levels

Resistance levels: 1.2310, 1.2350, 1.2400.

Support levels: 1.2270, 1.2250, 1.2200, 1.2150.

Trading tips

Long positions may be opened from the level of 1.2310 with the target at 1.2360 and stop loss 1.2280. Implementation period: 1–3 days.

Short positions may be opened from the level of 1.2250 with the target at 1.2200 and stop loss 1.2280.

Alternative scenario

Recommendations  SELL STOP

Entry Point  1.2250

Take Profit  1.2200

Stop Loss  1.2280

Support levels  1.2150, 1.2200, 1.2250, 1.2270, 1.2310, 1.2350, 1.2400

USDCAD, H4

A sideways trend is forming on the 4-hour chart. The instrument is trading in a narrow corridor formed by the middle line and the lower border of Bollinger bands, the indicator cloud is narrowed, and the sideways dynamics may remain in the short term. The MACD histogram is around   the zero line, its volumes are minimal, the signal line reversed downwards, the sell signal has lost its relevance. Stochastic is in the neutral zone, the oscillator lines are reversing downwards, the sell signal remains.

Key levels

Resistance levels: 1.2840, 1.2880, 1.2910, 1.2940, 1.2990.

Support levels: 1.2800, 1.2770, 1.2740, 1.2700.

Trading tips

Short positions may be opened from the level of 1.2770 with the target at 1.2700 and stop loss 1.2800. Implementation period: 1–3 days.

Long positions may be opened from the level of 1.2880 with the target at 1.2940 and stop loss 1.2850.

Alternative scenario

Recommendations  BUY STOP

Entry Point  1.2880

Take Profit  1.2940

Stop Loss  1.2850

Support levels 

1.2700, 1.2740, 1.2770, 1.2800, 1.2840, 1.2880, 1.2910, 1.2940, 1.2990

A downtrend is forming on the 4-hour chart. The instrument is trading around   the lower border of Bollinger bands. An upward correction is being observed. The indicator cloud is expanding, which indicates a possible resumption of decline after the completion of the correction in the short term. The MACD histogram is in the negative area, gradually increasing in volume. The signal line crosses the zero one and the body of the histogram downwards, forming a signal to open sell positions. Stochastic is in the oversold zone, the oscillator lines are directed horizontally and form a signal to enter the market.

Resistance levels: 0.8850, 0.8870, 0.8900, 0.8920, 0.8940.

Support levels: 0.8815, 0.8800, 0.8750.

Trading tips

Short positions may be opened from the level of 0.8800 with the target at 0.8750 and stop loss 0.8830. Implementation period: 1–3 days.

Long positions may be opened from the level of 0.8870 with the target at 0.8920 and stop loss 0.8840.

Alternative scenario

Recommendations BUY STOP

Entry Point 0.8870

Take Profit 0.8920

Stop Loss 0.8840

Support levels 0.8750, 0.8800, 0.8815, 0.8850, 0.8870, 0.8900, 0.8920, 0.8940

 

 

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