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: under pressure.


Pivot:1.1155


Our preference:short positions below 1.1155 with targets at 1.1120 & 1.1110 in extension.


Alternative scenario:above 1.1155 look for further upside with 1.1170 & 1.1185 as targets.


Comment:the RSI shows downside momentum.




📷 USD/JPY Intraday: under pressure. Pivot:109.55 Our preference:short positions below 109.55 with targets at 109.35 & 109.25 in extension. Alternative scenario:above 109.55 look for further upside with 109.70 & 109.85 as targets. Comment:the RSI shows downside momentum. 📷 GBP/USD Intraday: key resistance at 1.3150.


Pivot:1.3150


Our preference:short positions below 1.3150 with targets at 1.3070 & 1.3040 in extension.


Alternative scenario:above 1.3150 look for further upside with 1.3210 & 1.3255 as targets.

Comment:as long as 1.3150 is resistance, look for choppy price action with a bearish bias. 📷 EUR/GBP intraday: as long as 0.8472 is support look for 0.8563 0.8472 is our pivot point. Our preference:as long as 0.8472 is support look for 0.8563. Alternative scenario:the downside breakout of 0.8472 would call for 0.8440 and 0.8421. 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 under its 20 MA (0.8499) but above its 50 MA (0.8470). 📷






USD/ZAR intraday: the upside prevails as long as 14.3460 is support


Our pivot point stands at 14.3460.

Our preference:the upside prevails as long as 14.3460 is support.


Alternative scenario:the downside breakout of 14.3460 would call for 14.2590 and 14.2080.


Comment:the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 14.4015 and 14.4008).






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