Daily Fx Technical Strategies




Here are today's directional views from the global research desks of Currency Hedger! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!


EUR/USD USD/JPY GBP/USD EUR/GBP USD/ZAR



Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.



EUR/USD Intraday: under pressure.


Pivot:1.1100


Our preference:short positions below 1.1100 with targets at 1.1070 & 1.1060 in extension.


Alternative scenario:above 1.1100 look for further upside with 1.1115 & 1.1130 as targets.


Comment:the RSI shows downside momentum.




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USD/JPY Intraday: the downside prevails.


Pivot:109.80


Our preference:short positions below 109.80 with targets at 109.50 & 109.40 in extension.


Alternative scenario:above 109.80 look for further upside with 109.95 & 110.10 as targets.


Comment:the RSI shows downside momentum.




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GBP/USD Intraday: under pressure.


Pivot:1.3150


Our preference:short positions below 1.3150 with targets at 1.3095 & 1.3065 in extension.


Alternative scenario:above 1.3150 look for further upside with 1.3175 & 1.3200 as targets.


Comment:the RSI shows downside momentum.





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EUR/GBP intraday: rebound


Our pivot point stands at 0.8419.


Our preference:rebound.


Alternative scenario:the downside breakout of 0.8419 would call for 0.8390 and 0.8373.


Comment:the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8441) but below its 50 MA (0.8455).




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USD/ZAR intraday: rebound towards 14.4620


Our pivot point is at 14.2840.


Our preference:rebound towards 14.4620.


Alternative scenario:the downside breakout of 14.2840 would call for 14.2210 and 14.1840.


Comment:the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (14.3260) but under its 50 MA (14.3761).




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