Daily Fx Strategies

EUR/USD Intraday: under pressure.


Our preference:short positions below 1.1130 with targets at 1.1110 & 1.1095 in extension.

Alternative scenario:above 1.1130 look for further upside with 1.1145 & 1.1155 as targets.

Comment:the RSI is mixed to bearish.


USD/JPY Intraday: bullish bias above 109.20.


Our preference:long positions above 109.20 with targets at 109.40 & 109.50 in extension.

Alternative scenario:below 109.20 look for further downside with 109.10 & 108.95 as targets.

Comment:the RSI is mixed to bullish.


GBP/USD Intraday: under pressure.


Our preference:short positions below 1.3055 with targets at 1.2990 & 1.2955 in extension.

Alternative scenario:above 1.3055 look for further upside with 1.3085 & 1.3115 as targets.

Comment:as long as the resistance at 1.3055 is not surpassed, the risk of the break below 1.2990 remains high.


EUR/GBP intraday: target 0.8478

0.8562 is our pivot point.

Our preference:target 0.8478.

Alternative scenario:the upside breakout of 0.8562, would call for 0.8595 and 0.8614.

Comment:the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.8545) but above its 50 MA (0.8524).


USD/ZAR intraday: rebound towards 14.3780

Our pivot point stands at 14.1540.

Our preference:rebound towards 14.3780.

Alternative scenario:below 14.1540, expect 14.0690 and 14.0180.

Comment:the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.2292 and 14.2733).




by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

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Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

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