Fx Daily 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:1.1140


Our preference:long positions above 1.1140 with targets at 1.1190 & 1.1215 in extension.


Alternative scenario:below 1.1140 look for further downside with 1.1115 & 1.1095 as targets.


Comment:the RSI is mixed to bullish.





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USD/JPY Intraday: consolidation.


Pivot:107.65 Our preference:short positions below 107.65 with targets at 107.05 & 106.80 in extension.


Alternative scenario:above 107.65 look for further upside with 107.90 & 108.15 as targets.


Comment:the RSI lacks upward momentum.







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GBP/USD Intraday: the upside prevails.


Pivot:1.2795


Our preference:long positions above 1.2795 with targets at 1.2830 & 1.2850 in extension.


Alternative scenario:below 1.2795 look for further downside with 1.2760 & 1.2740 as targets.


Comment:the RSI shows upside momentum.






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EUR/GBP intraday: as long as 0.8686 is support look for 0.8783


Our pivot point is at 0.8686.


Our preference:as long as 0.8686 is support look for 0.8783.


Alternative scenario:the downside breakout of 0.8686 would call for 0.8652 and 0.8631.


Comment:the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.8717) but above its 50 MA (0.8713).






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USD/ZAR intraday: rebound


Our pivot point is at 15.3240.


Our preference:rebound.


Alternative scenario:the downside breakout of 15.3240 would call for 15.2420 and 15.1930.


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 trigger further gains. Moreover, the pair is trading above its 20 MA (15.3900) but under its 50 MA (15.4430).






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