Today's 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:under pressure.

Pivot:1.1140

Our preference:short positions below 1.1140 with targets at 1.1060 & 1.1020 in extension.

Alternative scenario:above 1.1140 look for further upside with 1.1190 & 1.1235 as targets.

Comment:the RSI shows downside momentum.




USD/JPY Intraday:capped by a negative trend line.

Pivot:107.90

Our preference:short positions below 107.90 with targets at 107.00 & 106.50 in extension.

Alternative scenario:above 107.90 look for further upside with 108.45 & 109.05 as targets.

Comment:the RSI lacks upward momentum.



GBP/USD Intraday:consolidation.

Pivot:1.2475

Our preference:short positions below 1.2475 with targets at 1.2290 & 1.2205 in extension.

Alternative scenario:above 1.2475 look for further upside with 1.2560 & 1.2620 as targets.

Comment:the RSI shows downside momentum.



EUR/GBP intraday:rebound towards 0.9044

Our pivot point stands at 0.8893.

Our preference:rebound towards 0.9044.

Alternative scenario:the downside breakout of 0.8893 would call for 0.8840 and 0.8808.

Comment:the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8945 and 0.8961).




USD/ZAR intraday:as long as 17.7880 is support look for 18.1970

Our pivot point stands at 17.7880.

Our preference:as long as 17.7880 is support look for 18.1970.

Alternative scenario:the downside breakout of 17.7880 would call for 17.6400 and 17.5510.

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 above both its 20 and 50 MAs (respectively at 17.8471 and 17.6766).

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