EUR/JPY intraday: under pressure below 124.83

Our pivot point is at 124.83.Our preference: under pressure below 124.83.Alternative scenario: above 124.83, look for 125.23 and 125.47.Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its […]

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EUR/USD Intraday: bullish bias above 1.1300.

Pivot: 1.1300 Our preference: long positions above 1.1300 with targets at 1.1330 & 1.1345 in extension. Alternative scenario: below 1.1300 look for further downside with 1.1275 & 1.1245 as targets. Comment: the RSI lacks downward momentum. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     […]

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EUR/JPY intraday: the RSI is oversold

Our pivot point stands at 125.13. Our preference: the downside prevails as long as 125.13 is resistance. Alternative scenario: above 125.13, look for 125.53 and 125.77. Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound […]

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USD/CAD Intraday: intraday support around 1.3345.

Pivot: 1.3345 Our preference: long positions above 1.3345 with targets at 1.3395 & 1.3415 in extension. Alternative scenario: below 1.3345 look for further downside with 1.3315 & 1.3290 as targets. Comment: the RSI is mixed to bullish. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels […]

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USD/CHF Intraday: intraday support around 0.9910.

Pivot: 0.9910 Our preference: long positions above 0.9910 with targets at 0.9945 & 0.9965 in extension. Alternative scenario: below 0.9910 look for further downside with 0.9890 & 0.9870 as targets. Comment: a support base at 0.9910 has formed and has allowed for a temporary stabilisation. Chart Caption     Green Lines […]

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EUR/USD Intraday: key resistance at 1.1390.

Pivot: 1.1390 Our preference: short positions below 1.1390 with targets at 1.1345 & 1.1325 in extension. Alternative scenario: above 1.1390 look for further upside with 1.1410 & 1.1430 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.1390. Chart Caption     Green Lines Represent […]

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EUR/JPY intraday: the upside prevails as long as 125.69 is support

Our pivot point stands at 125.69. Our preference: the upside prevails as long as 125.69 is support. Alternative scenario: the downside breakout of 125.69 would call for 125.28 and 125.04. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, […]

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USD/CAD Intraday: choppy.

Pivot: 1.3320 Our preference: short positions below 1.3320 with targets at 1.3270 & 1.3250 in extension. Alternative scenario: above 1.3320 look for further upside with 1.3345 & 1.3370 as targets. Comment: as long as 1.3320 is resistance, look for choppy price action with a bearish bias. Chart Caption     Green […]

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EUR/JPY intraday: the downside prevails as long as 126.59 is resistance

126.59 is our pivot point. Our preference: the downside prevails as long as 126.59 is resistance. Alternative scenario: the upside breakout of 126.59, would call for 127 and 127.25. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the […]

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EUR/JPY intraday: as long as 126.32 is support look for 127.38

Our pivot point stands at 126.32. Our preference: as long as 126.32 is support look for 127.38. Alternative scenario: below 126.32, expect 125.91 and 125.66. Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its […]

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