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:1.1025


Our preference:short positions below 1.1025 with targets at 1.1005 & 1.0995 in extension.


Alternative scenario:above 1.1025 look for further upside with 1.1035 & 1.1050 as targets.


Comment:the RSI shows downside momentum.





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USD/JPY Intraday: the bias remains bullish.


Pivot:109.00


Our preference:long positions above 109.00 with targets at 109.30 & 109.45 in extension.


Alternative scenario:below 109.00 look for further downside with 108.80 & 108.70 as targets.


Comment:the RSI lacks downward momentum.





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GBP/USD Intraday: bullish bias above 1.3000.


Pivot:1.3000


Our preference:long positions above 1.3000 with targets at 1.3040 & 1.3065 in extension.


Alternative scenario:below 1.3000 look for further downside with 1.2975 & 1.2960 as targets.


Comment:the RSI shows upside momentum.






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EUR/GBP intraday: the downside prevails as long as 0.8477 is resistance


0.8477 is our pivot point.


Our preference:the downside prevails as long as 0.8477 is resistance.


Alternative scenario:above 0.8477, look for 0.8497 and 0.8509.


Comment:the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8463 and 0.8461).







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USD/ZAR intraday: rebound towards 14.6430


Our pivot point stands at 14.4750.


Our preference:rebound towards 14.6430.


Alternative scenario:the downside breakout of 14.4750 would call for 14.4160 and 14.3810.


Comment:the RSI is below 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 14.5415 and 14.5832).






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