Find current and future trends with analysis

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.

www.fxxprofit.com

Please note that due to market volatility, some key levels may have been reached and scenarios executed,!!!!

USD/CAD intraday: watch 1.2700.

Pivot point (invalidation level): 1.2760

Our Preference: short positions below 1.2760 with targets : 1.2700 & 1.2670 within the range.

Alternative scenario: above 1.2760, the next upside targets are : 1.2790 & 1.2820.

Technical remarks: a drop below 1.2700 will trigger a decline towards : 1.2670.

Support and Resistance:

1.2820

1.2790

1.2760

1.2718 Last Price

1.2700

1.2670

1.2645

AUD/USD intraday: target 0.7475.

Pivot point (invalidation level): 0.7380

Our Preference: long positions above : 0.7380 targeting : 0.7440 & 0.7475 within the range.

Alternative scenario: below : 0.7380 then the next downside target is towards : 0.7350 & 0.7325.

Technical description: RSI is bullish and indicates further gains.

Support and Resistance:

0.7500

0.7475

0.7440

0.7422 Last Price

0.7380

0.7350

0.7325

USD/JPY intraday: key short-term resistance at 115.10.

Pivot point (invalidation level): 115,10

Our Preference: short positions below : 115.10 with targets : 114.75 & 114.60 within the range.

Alternative scenario: above 115.10, the next upside targets are : 115.25 & 115.45.

Technical note: as long as the resistance at : 115.10 is not crossed, the risk of a decline below : 114.75 remains high.

Support and Resistance:

115.45

115.25

115,10

114.93 Last Price

114.75

114.60

114.40

GBP/USD intraday: watch 1.3180.

Pivot point (invalidation level): 1.3250

Our Preference: short positions below : 1.3250 with targets : 1.3180 & 1.3145 within the range.

Alternative scenario: above : 1.3250, the next upside targets are : 1.3280 & 1.3310.

Technical remarks: a decline below : 1.3180 will trigger a decline towards : 1.3145.

Support and Resistance:

1.3310

1.3280

1.3250

1.3201 Last Price

1.3180

1.3145

1.3100

EUR/USD intraday: decline predominates.

Pivot point (invalidation level): 1.0890

Our Preference: short positions below : 1.0890 with targets : 1.0810 & 1.0780 within the range.

Alternative scenario: above : 1.0890, the next upside targets are : 1.0930 & 1.0960.

Technical note: as long as the resistance at : 1.0890 is not exceeded, the risk of a decline below :1.0810 remains high.

Support and Resistance:

1.0960

1.0930

1.0890

1.0842 Last Price

1.0810

1.0780

1.0750

WARNING RISK ON TRADING,!!!

Trading through 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 and therefore beware of parties that 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.

About fxxprofit

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.