Forex trading: forecasts, trading signals, analysis
Short positions below 106.65 with targets at 106.25 & 106.10 in extension.
Pivot: 106.65
Our preference: short positions below 106.65 with targets at 106.25 & 106.10 in extension.
Alternative scenario: above 106.65 look for further upside with 106.80 & 106.95 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
106.95
106.80
106.65
106.39 Last
106.25
106.10
105.95
Long positions above 106.25 with targets at 106.60 & 106.70 in extension.
Pivot: 106.25
Our preference: long positions above 106.25 with targets at 106.60 & 106.70 in extension.
Alternative scenario: below 106.25 look for further downside with 106.10 & 105.90 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
106.95
106.70
106.60
106.42 Last
106.25
106.10
105.90
Long positions above 106.30 with targets at 106.75 & 106.95 in extension.
Pivot: 106.30
Our preference: long positions above 106.30 with targets at 106.75 & 106.95 in extension.
Alternative scenario: below 106.30 look for further downside with 106.15 & 105.95 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
107.25
106.95
106.75
106.55 Last
106.30
106.15
105.95
Short positions below 106.25 with targets at 105.60 & 105.30 in extension.
Pivot: 106.25
Our preference: short positions below 106.25 with targets at 105.60 & 105.30 in extension.
Alternative scenario: above 106.25 look for further upside with 106.75 & 106.95 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
106.95
106.75
106.25
105.82 Last
105.60
105.30
105.00
Short positions below 106.60 with targets at 105.65 & 105.30 in extension.
Pivot: 106.60
Our preference: short positions below 106.60 with targets at 105.65 & 105.30 in extension.
Alternative scenario: above 106.60 look for further upside with 106.95 & 107.20 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
107.20
106.95
106.60
106.04 Last
105.65
105.30
105.00
Our preference: the downside prevails as long as 68.04 is resistance.
Our pivot point is at 68.04.
Our preference: the downside prevails as long as 68.04 is resistance.
Alternative scenario: above 68.04, look for 68.24 and 68.36.
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 below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 68.11 and 68.24).
Supports and resistances:
68.36 **
68.24 *
68.04 **
67.96
67.85 last
67.61
67.49 **
67.38 *
67.26 **
Short positions below 106.45 with targets at 105.75 & 105.30 in extension.
Pivot: 106.45
Our preference: short positions below 106.45 with targets at 105.75 & 105.30 in extension.
Alternative scenario: above 106.45 look for further upside with 106.75 & 107.00 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
107.00
106.75
106.45
105.96 Last
105.75
105.30
105.00
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
Short positions below 108.35 with targets at 108.10 & 107.95 in extension.
Pivot: 108.35
Our preference: short positions below 108.35 with targets at 108.10 & 107.95 in extension.
Alternative scenario: above 108.35 look for further upside with 108.50 & 108.75 as targets.
Comment: as long as the resistance at 108.35 is not surpassed, the risk of the break below 108.10 remains high.
Supports and resistances:
108.75
108.50
108.35
108.23 Last
108.10
107.95
107.80
Long positions above 108.25 with targets at 108.60 & 108.80 in extension.
Pivot: 108.25
Our preference: long positions above 108.25 with targets at 108.60 & 108.80 in extension.
Alternative scenario: below 108.25 look for further downside with 108.10 & 107.80 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
109.20
108.80
108.60
108.48 Last
108.25
108.10
107.80