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: the upside prevails.


Pivot:1.0860


Our preference:long positions above 1.0860 with targets at 1.0890 & 1.0910 in extension.


Alternative scenario:below 1.0860 look for further downside with 1.0845 & 1.0830 as targets.


Comment:the RSI shows upside momentum.






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USD/JPY Intraday: consolidation.


Pivot:110.70


Our preference:short positions below 110.70 with targets at 110.15 & 109.85 in extension.


Alternative scenario:above 110.70 look for further upside with 111.05 & 111.40 as targets.


Comment:the RSI lacks upward momentum.






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GBP/USD Intraday: the upside prevails.


Pivot:1.2965


Our preference:long positions above 1.2965 with targets at 1.3015 & 1.3035 in extension.


Alternative scenario:below 1.2965 look for further downside with 1.2950 & 1.2930 as targets.


Comment:the RSI is mixed to bullish.






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EUR/GBP intraday: rebound


Our pivot point stands at 0.8342.


Our preference:rebound.


Alternative scenario:the downside breakout of 0.8342 would call for 0.8319 and 0.8304.


Comment:the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8365) but below its 50 MA (0.8366).







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USD/ZAR intraday: as long as 15.1660 is support look for 15.3600


15.1660 is our pivot point.


Our preference:as long as 15.1660 is support look for 15.3600.



Alternative scenario:the downside breakout of 15.1660 would call for 15.0940 and 15.0520.



Comment:the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 15.2270 and 15.1914).





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