FOREX Trading Signal: GBP/USD Today on 19th May

GBP/USD Trend Today

Quotes performed reversal in favor of the U.S. dollar and began the process of falling in the direction of the correctional level 100.0% - 1.6319. Emerging divergence in none of the indicator is not visible. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the British currency and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the level of 100.0% correction will increase the likelihood of continuing drop in prices towards the next correction level 76.4%- 1.5968.

Couple on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled, but the couple still performed a U-turn in favor of the British pound and the beginning of growth in the direction of correction level 261.8% - 1.7289. Emerging divergence is observed. Securing of the pair on May 19 under the level of 200.0% correction would allow to expect further drop in prices in the direction of the correctional level 161.8% - 1.6336.

FOREX Trading Signal For Today: AUD/USD Trend

AUD/USD Today

AUD/USD Trend 

Today the pair AUD/USD traded with a neutral character, bulls gradually gain strength, trying to break out of the range. Currently on the daily chart we can see the main downward trend of gradually increasing interest prevails. As previously predicted, after a bullish rally in the market gradually went along consolidation range 0.9215/0.9265. Now we see how the market has a balance between bulls and bears, giving time for taking a decision on the future course. Development of the plot for the next trading days may be so- maybe we will see further uncertainty in the range (0.9215/0.9265) as long as the bulls or bears are not handled market. If the price still be able to cross 0.9265 mark and demonstrate growing interest in long positions, it is possible to expect a gradual rise to the historical level of 0.9365, which is probably formed deeper bearish correction.

Key resistance levels are 0.9275, 0.9365 and 0.9450 while support levels are looking at 0.9200, 0.9100 and 0.9000 levels

FOREX Signal

Buy a pair of recommended at a price above 0.9265, with the prospect of running to around 0.9365.

Sale recommends a pair at a price below 0.9190, with the prospect of running to around 0.9100.

Silver Trend For Today: Trading Recommendation

Silver Technical Trend

Based on the analysis of silver on April 3, it is seen that the price was fixed above the moving average line, so in the near future may continue upward movement. Senior channel pointing up, indicating that the upward direction of the global trend. Low channel turned down which means less downward movement in the long term. Now the price is above the moving average and higher than Murray "3/8", which makes it more likely continuation of the upward movement. First target is the level of the upward movement of Murray "4/8"- 20,313. If this level of price overcomes Murray, the new Target will be the level of Murray "5/8"- 20,703. The moving average is pointing to the side, and the price in turn is above it, which indicates the current upward direction of movement. Sell ​​orders become relevant again only after fixing prices below the moving average. Heiken Ashi bars painted last in purple color, which indicates the local upward motion, so to turn down the indicator can maintain long positions. The CCI indicator is about the level of 100, which indicates the presence of a weak instrument overbought. 

For today the support levels are looking at 19922, 19531 and 19141 while nearest resistance levels are possible at 20313, 20703 and 21094

Trading recommendations

Trading Recommendation

After analyzing the silver, we can conclude that now advised to consider to increase trade with the first target 20,313. If the price consolidates above this level, the new target will be 20,703. Stop loss level recommended to set below the moving average, and its increase as Stop Loss carry up too. Stop loss is also recommended to translate to zero if the profitability of the transaction will be 400-500 points. Reduce manual warrants to purchase recommended at 1-2 okrase Heiken Ashi indicator bars in blue. Take Profit orders can be placed slightly below the nearest Murray levels. Trading on lowering now no longer relevant.

Technical Analysis and Trading Recommendations for USD/JPY Today

Technical Analysis of USD/JPY

Analyzing the yen in the Forex market on March 18, it is seen that the price continues corrective movement to pivot level of 101.98. Current sell signal is confirmed and strong as Chinkou Span is below the price, and the price is below the Ichimoku cloud. So now aim for a downward movement is the first support level of 100.56. In the case of overcoming the first target, the downward movement may continue with a view- the second support level of 99.77. Downward movement relevant to until the price is below the critical line Kijun-sen (102.15), if the price consolidates above the Kijun-sen, the "dead cross" weaken and may cancel, and further downward movement is called into question, Ascending same movement may continue with a view to the first resistance level of 102.77.

Trading recommendations:

Yen in the foreign exchange market is now advised to consider the sell position with the first target 100.56. In the case of overcoming the first target, sell orders will be relevant for the purpose of 99.77. Stop loss placed above 102.15 and with the lowering of the line can be moved down and stop loss. Open new short positions will be the rebound rates from 101.98 pivot level (or critical line), or in the case of the MACD reverses down (may be late to the reaction) . When entering transactions in the profitability of 50-60 points, Stop Loss can be transferred into the zone bezubytka. Take profits can be set at about 100.65 and 99.85. In addition to the technical picture should also consider the fundamental data and the time of their release. If possible, open trades "proactive" can move to a smaller timeframe (M15-M30) and observe the reversal of the trend indicator (eg Heiken Ashi ) about the price level, which is about possible price reversal.

Crude Oil Technical Analysis and Trading Recommendations

Crude Oil Analysis: 

Analysis of crude oil for March 12, shows that the price continues downward movement and overcome the level of support S2- 100,10. Downward movement may continue with the objectives of S3- 98,16 and S4- 96,96, if the price remains below the level of 100.10. Upward correction may begin with the objectives of 102.03 and 103.23, if the price consolidates above 100.10. Rising trend line is no longer supporting the bankers on the increase, the price is below it, so now become relevant short positions. Awesome indicator shows the current downward movement since the last bar closed red. OsMA also turned down, indicating that the downward movement of the character and in the longer term. Rebound from 98.16 level could trigger a round of upward correction.

Trading recommendations: 

In the course of analyzing the movement in oil prices, we can conclude that it is now considered a warrant for sale with the aims of 98.16 and 96.96. Stop loss above exhibiting the nearest resistance level. When entering transactions in profitability in the black. If the price will bounce from 98.16, it may witness the beginning of the corrective movement, as well as turn up Awesome or OsMA (may expire). Long positions are not relevant now.