NZDUSD still in downtrend channel
GBPUSD still in downtrend channel
Singapore Dollar still in bullish channel
Chinese Yuan still in bullish channel
Pivot: 0.9720 Preference: long positions above 0.9720 with targets at 1.0100 & 1.0220 in extension. Alternative scenario: below 0.9720 look for further downside with 0.9550 & 0.9440 as targets. Comment: a support base at 0.9720 has formed and has allowed for a temporary stabilization. Supports and resistances: 1.0345 ** 1.0220 * 1.0100 ** 0.9816 Last 0.9720...
Pivot: 114.75 Preference: short positions below 114.75 with targets at 109.50 & 107.30 in extension. Alternative scenario: above 114.75 look for further upside with 116.00 & 118.65 as targets. Comment: as long as the resistance at 114.75 is not surpassed, the risk of the break below 109.50 remains high. Supports and resistances: 118.65 ** 116.00 * 114.75...
Pivot: 1.1880 Preference: short positions below 1.1880 with targets at 1.1550 & 1.1300 in extension. Alternative scenario: above 1.1880 look for further upside with 1.2090 & 1.2200 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.2200 ** 1.2090 ** 1.1880 *** 1.1650 Last 1.1550 *** 1.1300 *** 1.1100 ***
Pivot: 89.75 Preference: short positions below 89.75 with targets at 84.30 & 82.40 in extension. Alternative scenario: above 89.75 look for further upside with 91.50 & 93.30 as targets. Comment: the RSI shows downside momentum. Supports and resistances: 93.30 91.50 89.75 87.00 Last 84.30 82.40 80.50
Pivot: 1.5085 Preference: short positions below 1.5085 with targets at 1.4560 & 1.4310 in extension. Alternative scenario: above 1.5085 look for further upside with 1.5230 & 1.5360 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.5360 1.5230 1.5085 1.4800 Last 1.4560 1.4310 1.3950
Pivot: 1.2970 Preference: short positions below 1.2970 with targets at 1.2895 & 1.2860 in extension. Alternative scenario: above 1.2970 look for further upside with 1.2990 & 1.3030 as targets. Comment: as long as the resistance at 1.2970 is not surpassed, the risk of the break below 1.2895 remains high. Supports and resistances: 1.3030 * 1.2990 ** 1.2950...
Pivot: 0.7610 Preference: short positions below 0.7610 with targets at 0.7295 & 0.7150 in extension. Alternative scenario: above 0.7610 look for further upside with 0.7750 & 0.7835 as targets. Comment: the upward potential is likely to be limited by the resistance at 0.7610. Supports and resistances: 0.7835 ** 0.7750 *** 0.7610 *** 0.7425 Last 0.7295 ** 0.7150...
Pivot: 51.65 Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension. Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets. Comment: as long as 51.65 is resistance, likely decline to 45.00. Supports and resistances: 55.00 ** 53.60 ** 51.65 *** 47.14 Last 45.00 *** 43.75 ** 42.10 **
Pivot: 140.00 Preference: long positions above 140.00 with targets at 148.50 & 151.75 in extension. Alternative scenario: below 140.00 look for further downside with 135.75 & 132.60 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 155.70 *** 151.75 *** 148.50 *** 144.00 Last 140.00 *** 135.75 *** 132.60 ***
Pivot: 1.0835 Preference: long positions above 1.0835 with targets at 1.1300 & 1.1465 in extension. Alternative scenario: below 1.0835 look for further downside with 1.0675 & 1.0560 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 1.1615 ** 1.1465 *** 1.1300 *** 1.1270 Last 1.0835 *** 1.0675 *** 1.0560 ***
Pivot: 1.3400 Preference: long positions above 1.3400 with targets at 1.3800 & 1.3955 in extension. Alternative scenario: below 1.3400 look for further downside with 1.3200 & 1.3000 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances: 1.4100 ** 1.3955 ** 1.3800...
Preference: long positions above 110.00 with targets at 115.50 & 118.50 in extension. Alternative scenario: below 110.00 look for further downside with 108.00 & 105.50 as targets. Comment: intraday technical indicators are mixed and call for caution. Supports and resistances: 120.25 ** 118.50 *** 115.50 *** 111.50 Last 110.00 *** 108.00 *** 105.50 **
Potential bearish into support