Fx Daily 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:1.0935


Our preference:short positions below 1.0935 with targets at 1.0900 & 1.0875 in extension.


Alternative scenario:above 1.0935 look for further upside with 1.0955 & 1.0970 as targets.


Comment:the RSI is mixed to bearish.






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USD/JPY Intraday: further advance.


Pivot:109.70


Our preference:long positions above 109.70 with targets at 110.00 & 110.15 in extension.


Alternative scenario:below 109.70 look for further downside with 109.60 & 109.50 as targets.


Comment:the RSI advocates for further advance.






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GBP/USD Intraday: under pressure.


Pivot:1.2940


Our preference:short positions below 1.2940 with targets at 1.2890 & 1.2870 in extension.


Alternative scenario:above 1.2940 look for further upside with 1.2960 & 1.2980 as targets.


Comment:the RSI is mixed to bearish.






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EUR/GBP intraday: rebound towards 0.8490


Our pivot point is at 0.8427.


Our preference:rebound towards 0.8490.


Alternative scenario:the downside breakout of 0.8427 would call for 0.8404 and 0.8390.


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 is trading under both its 20 and 50 MAs (respectively at 0.8449 and 0.8461).






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USD/ZAR intraday: rebound towards 15.0850


Our pivot point stands at 14.8820.


Our preference:rebound towards 15.0850.


Alternative scenario:the downside breakout of 14.8820 would call for 14.8120 and 14.7700.


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 14.9590 and 14.9967).







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