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:the bias remains bullish.


Pivot:1.0920


Our preference:long positions above 1.0920 with targets at 1.0965 & 1.0985 in extension.


Alternative scenario:below 1.0920 look for further downside with 1.0905 & 1.0890 as targets.


Comment:the RSI shows upside momentum.




USD/JPY Intraday:key resistance at 107.85.


Pivot:107.85


Our preference:short positions below 107.85 with targets at 107.45 & 107.25 in extension.


Alternative scenario:above 107.85 look for further upside with 108.10 & 108.35 as targets.


Comment:as long as the resistance at 107.85 is not surpassed, the risk of the break below 107.45 remains high.




GBP/USD Intraday:the bias remains bullish.


Pivot:1.2505


Our preference:long positions above 1.2505 with targets at 1.2590 & 1.2630 in extension.


Alternative scenario:below 1.2505 look for further downside with 1.2475 & 1.2440 as targets.


Comment:the RSI is bullish and calls for further advance.




EUR/GBP intraday:rebound towards 0.8826


Our pivot point stands at 0.8661.


Our preference:rebound towards 0.8826.


Alternative scenario:below 0.8661, expect 0.8600 and 0.8564.


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 stands below its 20 and 50 MAs (respectively at 0.8718 and 0.8733).




USD/ZAR intraday:below its lower Bollinger band


Our pivot point stands at 18.2180.


Our preference:the downside prevails as long as 18.2180 is resistance.


Alternative scenario:the upside breakout of 18.2180, would call for 18.4050 and 18.5160.


Comment:the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 18.0926 and 18.0933). Finally, the USD/ZAR is trading below its lower Bollinger band (standing at 18.0391).

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