Here are today's directional views from the global research desk.




EUR/USD Intraday: under pressure. Pivot:1.1095 Our preference:short positions below 1.1095 with targets at 1.1070 & 1.1060 in extension. Alternative scenario:above 1.1095 look for further upside with 1.1105 & 1.1120 as targets. Comment:the RSI shows downside momentum. 📷


USD/JPY Intraday: intraday support around 108.80. Pivot:108.80 Our preference:long positions above 108.80 with targets at 109.05 & 109.20 in extension. Alternative scenario:below 108.80 look for further downside with 108.65 & 108.50 as targets. Comment:the RSI lacks downward momentum. 📷


GBP/USD Intraday: rebound. Pivot:1.2830 Our preference:long positions above 1.2830 with targets at 1.2875 & 1.2895 in extension. Alternative scenario:below 1.2830 look for further downside with 1.2810 & 1.2800 as targets. Comment:the RSI shows upside momentum. 📷


EUR/GBP intraday: the upside prevails as long as 0.8613 is support Our pivot point stands at 0.8613. Our preference:the upside prevails as long as 0.8613 is support. Alternative scenario:the downside breakout of 0.8613 would call for 0.8580 and 0.8561. 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 0.8635 and 0.8634). 📷


USD/ZAR intraday: above its upper Bollinger band Our pivot point stands at 14.6000. Our preference:the upside prevails as long as 14.6000 is support. Alternative scenario:the downside breakout of 14.6000 would call for 14.5120 and 14.4600. 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 14.5777 and 14.5625). Finally, the USD/ZAR has crossed above its upper Bollinger band (14.6618). 📷

0 views

Get in Touch

Talk to us today and explore the future with WooHoo AI Ireland

Camden Street Lower, St Kevin's, Dublin 2

Email. info@woohooai.com

Phone. +353 - 214 - 651- 000

© 2018 by WooHoo AI. An Emma & Ariel Production Proudly created and operated by Roche Fintech 634861 / WooHoo AI Ireland / 77 Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 | info@woohooai.com

Code of Practice | Refund Policy | Warranty | Cookie Policy | Sale T&Cs | Privacy Policy | How it Works | FAQ | Customer Notifications