Daily 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 Intraday: the bias remains bullish.


Pivot:1.1155


Our preference:long positions above 1.1155 with targets at 1.1175 & 1.1185 in extension.


Alternative scenario: below 1.1155 look for further downside with 1.1145 & 1.1130 as targets.


Comment:the RSI is mixed to bullish.



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USD/JPY Intraday: the upside prevails.


Pivot:108.05


Our preference:long positions above 108.05 with targets at 108.30 & 108.45 in extension.


Alternative scenario:below 108.05 look for further downside with 107.90 & 107.75 as targets.


Comment:the RSI shows upside momentum.



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GBP/USD Intraday: key resistance at 1.2955.


Pivot:1.2955


Our preference:short positions below 1.2955 with targets at 1.2910 & 1.2890 in extension.


Alternative scenario:above 1.2955 look for further upside with 1.2975 & 1.2990 as targets.


Comment:as long as the resistance at 1.2955 is not surpassed, the risk of the break below 1.2910 remains high.



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EUR/GBP intraday: as long as 0.8604 is support look for 0.8690


Our pivot point stands at 0.8604.


Our preference:as long as 0.8604 is support look for 0.8690.


Alternative scenario:below 0.8604, expect 0.8571 and 0.8552.


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 below its 20 MA (0.8633) but above its 50 MA (0.8622).



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USD/ZAR intraday: the upside prevails as long as 15.0250 is support


Our pivot point stands at 15.0250.


Our preference:the upside prevails as long as 15.0250 is support.


Alternative scenario:below 15.0250, expect 14.9340 and 14.8800.


Comment:the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 15.0802 and 15.0963).



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