Todays Forex 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: further advance.


Pivot:1.1245


Our preference:long positions above 1.1245 with targets at 1.1350 & 1.1380 in extension.


Alternative scenario:below 1.1245 look for further downside with 1.1200 & 1.1165 as targets.


Comment:the RSI shows upside momentum.





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USD/JPY Intraday: the downside prevails.


Pivot:106.05


Our preference:short positions below 106.05 with targets at 104.70 & 104.30 in extension.


Alternative scenario:above 106.05 look for further upside with 106.45 & 106.75 as targets.


Comment:the RSI shows downside momentum.





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GBP/USD Intraday: further advance.


Pivot:1.2945


Our preference:long positions above 1.2945 with targets at 1.3040 & 1.3065 in extension.


Alternative scenario:below 1.2945 look for further downside with 1.2900 & 1.2865 as targets.


Comment:the RSI shows upside momentum.






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EUR/GBP intraday: the upside prevails as long as 0.8670 is support


0.8670 is our pivot point.


Our preference:the upside prevails as long as 0.8670 is support.


Alternative scenario:below 0.8670, expect 0.8636 and 0.8616.


Comment:the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8677 and 0.8668).






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USD/ZAR intraday: the upside prevails as long as 15.6410 is support


Our pivot point is at 15.6410.


Our preference:the upside prevails as long as 15.6410 is support.


Alternative scenario:the downside breakout of 15.6410 would call for 15.5570 and 15.5070.


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 15.6722 and 15.6003).





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