Tuesdays Fx Technical Analysis




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: under pressure.


Pivot:1.1135


Our preference:short positions below 1.1135 with targets at 1.1110 & 1.1100 in extension.


Alternative scenario:above 1.1135 look for further upside with 1.1145 & 1.1155 as targets.


Comment:the RSI is mixed to bearish.






USD/JPY Intraday: further upside.


Pivot:108.55


Our preference:long positions above 108.55 with targets at 108.90 & 109.05 in extension.


Alternative scenario:below 108.55 look for further downside with 108.40 & 108.30 as targets.


Comment:the RSI advocates for further advance.







GBP/USD Intraday: under pressure.


Pivot:1.2900


Our preference:short positions below 1.2900 with targets at 1.2860 & 1.2845 in extension.


Alternative scenario:above 1.2900 look for further upside with 1.2920 & 1.2940 as targets.


Comment:the RSI shows downside momentum.









EUR/GBP intraday: the downside prevails as long as 0.8662 is resistance


Our pivot point is at 0.8662.


Our preference:the downside prevails as long as 0.8662 is resistance.


Alternative scenario: above 0.8662, look for 0.8695 and 0.8715.


Comment:the RSI is below its neutrality area at 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 0.8636 and 0.8637).









USD/ZAR intraday: the downside prevails as long as 14.8650 is resistance


Our pivot point stands at 14.8650.


Our preference:the downside prevails as long as 14.8650 is resistance.


Alternative scenario:above 14.8650, look for 14.9540 and 15.0070.



Comment:the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.8046 and 14.8007).




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