Fridays Fx Technical Analysis




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




EUR/USD Intraday: further advance.


Pivot:1.1095


Our preference: long positions above 1.1095 with targets at 1.1115 & 1.1130 in extension.


Alternative scenario:below 1.1095 look for further downside with 1.1080 & 1.1065 as targets.


Comment:the RSI advocates for further upside.






📷






USD/JPY Intraday: consolidation.


Pivot:108.80


Our preference: short positions below 108.80 with targets at 108.60 & 108.40 in extension.


Alternative scenario:above 108.80 look for further upside with 108.95 & 109.10 as targets.


Comment:the RSI lacks upward momentum.






📷







GBP/USD Intraday: the bias remains bullish.


Pivot:1.3125


Our preference: long positions above 1.3125 with targets at 1.3175 & 1.3205 in extension.


Alternative scenario:below 1.3125 look for further downside with 1.3100 & 1.3085 as targets.


Comment:the RSI lacks downward momentum.






📷






EUR/GBP intraday: rebound


Our pivot point stands at 0.8415.


Our preference:rebound. Alternative scenario:below 0.8415, expect 0.8383 and 0.8364.


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 trigger further gains. Moreover, the pair stands above its 20 MA (0.8438) but below its 50 MA (0.8442).







📷






USD/ZAR intraday: the downside prevails as long as 14.7050 is resistance


Our pivot point is at 14.7050. Our preference:the downside prevails as long as 14.7050 is resistance.


Alternative scenario:the upside breakout of 14.7050, would call for 14.7930 and 14.8450.


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 14.6451 and 14.6398).






📷







1 view
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

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

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

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.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram