EUR/USD – Currency exchange rate forecast 03.07.2019: under pressure

EUR/USD - Currency exchange rate forecast 03.07.2019: under pressure

Short positions below 1.1310 with targets at 1.1250 & 1.1230 in extension.

Pivot: 1.1310

Our preference: short positions below 1.1310 with targets at 1.1250 & 1.1230 in extension.

Alternative scenario: above 1.1310 look for further upside with 1.1335 & 1.1355 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.1355

1.1335

1.1310

1.1278 Last

1.1250

1.1230

1.1210

USD/JPY – Currency exchange rate forecast 03.07.2019: caution

USD/JPY - Currency exchange rate forecast 03.07.2019: caution

Short positions below 107.90 with targets at 107.65 & 107.50 in extension.

Pivot: 107.90

Our preference: short positions below 107.90 with targets at 107.65 & 107.50 in extension.

Alternative scenario: above 107.90 look for further upside with 108.10 & 108.30 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:

108.30

108.10

107.90

107.86 Last

107.65

107.50

107.35

AUD/JPY – Currency exchange rate forecast 03.07.2019: the RSI is overbought

AUD/JPY - Currency exchange rate forecast 03.07.2019: the RSI is overbought

The configuration is positive.

Our pivot point is at 75.69.

Our preference: the upside prevails as long as 75.69 is support.

Alternative scenario: the downside breakout of 75.69 would call for 75.46 and 75.33.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 75.74 and 75.51).

Supports and resistances:

76.56 **

76.43 *

76.29 **

76.15

75.88 last

75.78

75.69 **

75.46 *

75.33 **

AUD/NZD – Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.0480 is support

AUD/NZD - Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.0480 is support

Alternative scenario: below 1.0480, expect 1.0470 and 1.0460.

1.0480 is our pivot point.

Our preference: the upside prevails as long as 1.0480 is support.

Alternative scenario: the downside breakout of 1.0480 would call for 1.0470 and 1.0460.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0489 and 1.0480).

Supports and resistances:

1.0540 **

1.0530 *

1.0520 **

1.0510

1.0497 last

1.0490

1.0480 **

1.0470 *

1.0460 **

EUR/AUD – Currency exchange rate forecast 03.07.2019: the RSI is oversold

EUR/AUD - Currency exchange rate forecast 03.07.2019: the RSI is oversold

Alternative scenario: the downside breakout of 1.5990 would call for 1.5936 and 1.5904.

Our pivot point is at 1.5990.

Our preference: rebound towards 1.6132.

Alternative scenario: below 1.5990, expect 1.5936 and 1.5904.

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 above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.6059 and 1.6107).

Supports and resistances:

1.6196 **

1.6164 *

1.6132 **

1.6099

1.6034 last

1.6012

1.5990 **

1.5936 *

1.5904 **

EUR/CHF – Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.1119 is support

EUR/CHF - Currency exchange rate forecast 03.07.2019: the upside prevails as long as 1.1119 is support

Alternative scenario: below 1.1119, expect 1.1101 and 1.1089.

Our pivot point is at 1.1119.

Our preference: the upside prevails as long as 1.1119 is support.

Alternative scenario: the downside breakout of 1.1119 would call for 1.1101 and 1.1089.

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 1.1126 and 1.1125).

Supports and resistances:

1.1191 **

1.1180 *

1.1169 **

1.1158

1.1134 last

1.1127

1.1119 **

1.1101 *

1.1089 **

EUR/GBP – Currency exchange rate forecast 03.07.2019: the downside prevails as long as 0.8995 is resistance

EUR/GBP - Currency exchange rate forecast 03.07.2019: the downside prevails as long as 0.8995 is resistance

Alternative scenario: the upside breakout of 0.8995 would call for 0.9029 and 0.9049.

Our pivot point is at 0.8995.

Our preference: the downside prevails as long as 0.8995 is resistance.

Alternative scenario: above 0.8995, look for 0.9029 and 0.9049.

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 0.8976 and 0.8970).

Supports and resistances:

0.9049 **

0.9029 *

0.8995 **

0.8981

0.8967 last

0.8926

0.8906 **

0.8886 *

0.8866 **

EUR/NZD – Currency exchange rate forecast 03.07.2019: rebound towards 1.6930

EUR/NZD - Currency exchange rate forecast 03.07.2019: rebound towards 1.6930

Our preference: rebound towards 1.6930.

Our pivot point stands at 1.6783.

Our preference: rebound towards 1.6930.

Alternative scenario: below 1.6783, expect 1.6729 and 1.6698.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.6844 and 1.6879).

Supports and resistances:

1.6993 **

1.6962 *

1.6930 **

1.6898

1.6832 last

1.6804

1.6783 **

1.6729 *

1.6698 **

GBP/AUD – Currency exchange rate forecast 03.07.2019: rebound towards 1.8025

GBP/AUD - Currency exchange rate forecast 03.07.2019: rebound towards 1.8025

Our preference: rebound towards 1.8025.

Our pivot point is at 1.7816.

Our preference: rebound towards 1.8025.

Alternative scenario: below 1.7816, expect 1.7737 and 1.7689.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.7891 and 1.7956).

Supports and resistances:

1.8120 **

1.8072 *

1.8025 **

1.7977

1.7880 last

1.7848

1.7816 **

1.7737 *

1.7689 **

EUR/JPY – Currency exchange rate forecast 03.07.2019: the upside prevails as long as 121.34 is support

EUR/JPY - Currency exchange rate forecast 03.07.2019: the upside prevails as long as 121.34 is support

Alternative scenario: the downside breakout of 121.34 would call for 120.94 and 120.71.

Our pivot point is at 121.34.

Our preference: the upside prevails as long as 121.34 is support.

Alternative scenario: the downside breakout of 121.34 would call for 120.94 and 120.71.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 121.63 and 121.61).

Supports and resistances:

122.85 **

122.61 *

122.38 **

122.14

121.67 last

121.49

121.34 **

120.94 *

120.71 **