Here's today's directional view from Trading Central's global research analysis! This is a starting point for starting your own analysis to identify opportunities that make sense to you. As seen? Feel free to share this with friends!
USD/CAD intraday: up.
Please note that due to market volatility, some key levels may have been reached and scenarios executed.
USD/CAD
Pivot point (cancellation rate) : 1.2750
Our preference: long positions above : 1.2750 targeting : 1.2800 & 1.2830 within the range.
Alternative scenario: below : 1.2750 the next downside target is towards : 1.2730 & 1.2710.
Technical description: RSI needs a new upleg.
Support and Resistance:
- 1.2860
- 1.2830
- 1.2800
- 1.2788 Last Price
- 1.2750
- 1.2730
- 1.2710
intraday AUD/USD: declining.
AUD/USD
Pivot point (cancellation rate) : 0.7365
Our preference: short positions below : 0.7365 with targets : 0.7325 & 0.7305 within the range.
Alternative scenario: above : 0.7365, the next upside targets are : 0.7380 & 0.7400.
Technical description: RSI needs a new downleg.
Support and Resistance:
- 0.7400
- 0.7380
- 0.7365
- 0.7340 Last Price
- 0.7325
- 0.7305
- 0.7290
USD/JPY intraday: strength dominates.
USD/JPY
Pivot point (cancellation rate) : 116.00
Our preference: long positions above : 116.00 targeting : 116.40 & 116.55 within the range.
Alternative scenario: below : 116.00 the next downside target is towards : 115.80 & 115.65.
Technical description: technically, the RSI is above 50%.
Support and Resistance:
- 116.70
- 116.55
- 116.40
- 116.24 Last Price
- 116.00
- 115,80
- 115.65
GBP/USD intraday: watch 1.3070.
GBP/USD
Pivot point (cancellation rate) : 1.3120
Our Preference: short positions below : 1.3120 with targets : 1.3070 & 1.3050 within the range.
Alternative scenario: above : 1.3120, the next upside targets are : 1.3140 & 1.3160.
Technical note: a drop below : 1.3070 will trigger a decline towards : 1.3050.
Support and Resistance:
- 1.3160
- 1.3140
- 1.3120
- 1.3088 Last Price
- 1.3070
- 1.3050
- 1.3030
EUR/USD intraday: towards 1.0940.
EUR/USD
Pivot point (cancellation rate) : 1.1030
Our preference: short positions below : 1.1030 with targets : 1.0975 & 1.0940 within the range.
Alternative scenario: above : 1.1030, the next upside targets are : 1.1060 & 1.1085.
Technical note: a drop below : 1.0975 will trigger a decline towards : 1.0940.
Support and Resistance:
- 1.1085
- 1.1060
- 1.1030
- 1.0991 Last Price
- 1.0975
- 1.0940
- 1.0910
RISK WARNING ON TRADE,!!!
Trading on margin is a product that uses a leverage mechanism, carries a high risk and cannot be guaranteed to be suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment, therefore beware of parties who provide guaranteed profits in trading. You are advised not to use these funds if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also take your experience into account.
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