FX Daily – Technical Analysis:
EUR / USD around during the day: support throughout the day around 1266.
Change Point(devaluation level): 1266
We prefer: BUY positions in 1267, with price targets at 1.2745 and 1.2775.
Alternative scenario: below 1266, we expect further downward movements with 1262 & 1259 as price targets.
Technical Comment: the RSI is mixed to bullish.
USD / CAD in the course of the day: current ST-consolidation.
Change Point(devaluation level): 1067
We prefer: short positions in 1067 with expanded course objectives at 1.0585 and 1.0555.
Alternative scenario: about 1067, we expect further upward with 1.0795 & 1074 as price targets.
Technical Commentary: Investors should remain cautious, as these levels may trigger profit taking.
USD / JPY during the day: the downward movement will prevail.
Change Point(devaluation level): 84.6
We prefer: SELLING at 84.55, with price targets on 84.1 & 83.8.
Alternative scenario: more than 84.6, we expect further upward movements with 84.9 & 85.2 as price targets.
Technical Comment: the RSI is misaligned.
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AUD / USD intraday: further upward movement.
Change Point (devaluation level): 0.8987
We prefer: long positions on price targets at 0.8987 with extended 0903 & 0905.
Alternative scenario: below 0.8987, we expect further downside with 0.8845 & 0886 as price targets.
Technical Comment: the RSI is recommended to keep going up.
GBP / USD during the day: reversal.
Fulcrum (devaluation level): 1533
We prefer: BUY positions in 1534, with price targets for 1542 and 1.5475.
Alternative scenario: below 1533, we expect further downside with 1.5295 & 1.5235 as targets in the future.
Technical Comment: the RSI has executed a short break on a downward trend line.
EUR / JPY expected in the course of the day: reversal.
Change Point (devaluation level): 106.75
We prefer: BUY positions at 106.82 with price targets at 107.8 and 108.2.
Alternative scenario: below 106.75, we expect further downside with 106.35 & 105.9 as targets in the future.
Technical Comment: the RSI is mixed to bullish.
EUR / CHF during the day: under pressure.
Change Point (devaluation level): 1.2975
We prefer: short positions at 1.2975 with expanded course objectives at 1.2865 & 1.2815.
Alternative scenario: more than 1.2975, we expect further upward with 1.3025 & 1305 as price targets.
Technical Comment: the RSI lacks upward momentum.
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