Libertex Forex - Forex trading: forecasts, trading signals, analysis

CHF/JPY – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 108.30 is resistance

Alternative scenario: the upside breakout of 108.30 would call for 108.62 and 108.80.

Our pivot point stands at 108.30.

Our preference: the downside prevails as long as 108.30 is resistance.

Alternative scenario: above 108.30, look for 108.62 and 108.80.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 108.16 and 108.20).

Supports and resistances:

108.80 **

108.62 *

108.30 **

108.18

108.01 last

107.64

107.45 **

107.27 *

107.08 **

EUR/AUD – Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

The MACD is negative and below its signal line.

Our pivot point is at 1.6411.

Our preference: the downside prevails as long as 1.6411 is resistance.

Alternative scenario: above 1.6411, look for 1.6466 and 1.6499.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.6383 and 1.6388). Finally, the EUR/AUD has penetrated its lower Bollinger band (1.6365).

Supports and resistances:

1.6499 **

1.6466 *

1.6411 **

1.6389

1.6365 last

1.6296

1.6263 **

1.6230 *

1.6197 **

EUR/CHF – Currency exchange rate forecast 23.08.2019: the upside prevails as long as 1.0900 is support

The configuration is positive.

Our pivot point stands at 1.0900.

Our preference: the upside prevails as long as 1.0900 is support.

Alternative scenario: below 1.0900, expect 1.0881 and 1.0870.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0910 and 1.0904).

Supports and resistances:

1.0973 **

1.0962 *

1.0951 **

1.0940

1.0916 last

1.0907

1.0900 **

1.0881 *

1.0870 **

EUR/CNH – Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

Alternative scenario: above 7.86, look for 7.87 and 7.89.

Our pivot point stands at 7.86.

Our preference: the downside prevails as long as 7.86 is resistance.

Alternative scenario: above 7.86, look for 7.87 and 7.89.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7.85 and 7.86). Finally, the EUR/CNH is trading below its lower Bollinger band (standing at 7.84).

Supports and resistances:

7.89 **

7.87 *

7.86 **

7.85

7.84 last

7.81

7.80 **

7.79 *

7.78 **

EUR/GBP – Currency exchange rate forecast 23.08.2019: as long as 0.9089 is resistance look for 0.8989

Alternative scenario: the upside breakout of 0.9089 would call for 0.9123 and 0.9144.

Our pivot point is at 0.9089.

Our preference: as long as 0.9089 is resistance look for 0.8989.

Alternative scenario: above 0.9089, look for 0.9123 and 0.9144.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.9056 and 0.9060).

Supports and resistances:

0.9144 **

0.9123 *

0.9089 **

0.9076

0.9051 last

0.9009

0.8989 **

0.8969 *

0.8948 **

EUR/MXN – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 21.9228 is resistance

Alternative scenario: the upside breakout of 21.9228 would call for 21.9796 and 22.0134.

Our pivot point stands at 21.9228.

Our preference: the downside prevails as long as 21.9228 is resistance.

Alternative scenario: the upside breakout of 21.9228, would call for 21.9796 and 22.0134.

Supports and resistances:

22.0134 **

21.9796 *

21.9228 **

21.9005

21.8748 last

21.8037

21.7699 **

21.7361 *

21.7024 **

EUR/JPY – Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

Alternative scenario: the upside breakout of 118.24 would call for 118.62 and 118.85.

Our pivot point stands at 118.24.

Our preference: the downside prevails as long as 118.24 is resistance.

Alternative scenario: above 118.24, look for 118.62 and 118.85.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 118.00 and 117.98). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 117.90).

Supports and resistances:

118.85 **

118.62 *

118.24 **

118.09

117.90 last

117.44

117.22 **

116.99 *

116.76 **

GBP/JPY – Currency exchange rate forecast 23.08.2019: look for a drop towards 129.66 before a bounce

Our preference: look for a drop towards 129.66 before a bounce.

Our pivot point stands at 129.66.

Our preference: look for a drop towards 129.66 before a bounce.

Alternative scenario: the downside breakout of 129.66 would call for 129.08 and 128.74.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the pair is below its 20 MA (130.30) but above its 50 MA (130.23).

Supports and resistances:

132.00 **

131.66 *

131.31 **

130.97

130.27 last

129.88

129.66 **

129.08 *

128.74 **

USD/MXN – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 19.8339 is resistance

Our preference: the downside prevails as long as 19.8339 is resistance.

Our pivot point is at 19.8339.

Our preference: the downside prevails as long as 19.8339 is resistance.

Alternative scenario: the upside breakout of 19.8339, would call for 19.8979 and 19.9361.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 19.7973 and 19.7835).

Supports and resistances:

19.9361 **

19.8979 *

19.8339 **

19.8087

19.7800 last

19.6990

19.6609 **

19.6228 *

19.5846 **

NZD/USD – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 0.6396 is resistance

Alternative scenario: the upside breakout of 0.6396 would call for 0.6416 and 0.6428.

0.6396 is our pivot point.

Our preference: the downside prevails as long as 0.6396 is resistance.

Alternative scenario: the upside breakout of 0.6396, would call for 0.6416 and 0.6428.

Supports and resistances:

0.6428 **

0.6416 *

0.6396 **

0.6388

0.6378 last

0.6353

0.6341 **

0.6329 *

0.6318 **