Libertex Forex - Page 2 of 58 - Forex trading: forecasts, trading signals, analysis

GBP/JPY – Currency exchange rate forecast 22.08.2019: the RSI is overbought

Alternative scenario: below 129.76, expect 129.18 and 128.84.

Our pivot point is at 129.76.

Our preference: the upside prevails as long as 129.76 is support.

Alternative scenario: the downside breakout of 129.76 would call for 129.18 and 128.84.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 129.26 and 129.25). Finally, the GBP/JPY has crossed above its upper Bollinger band (130.09).

Supports and resistances:

132.42 **

132.08 *

131.73 **

131.39

130.40 last

129.99

129.76 **

129.18 *

128.84 **

EUR/GBP – Currency exchange rate forecast 22.08.2019: the RSI is oversold

Alternative scenario: the upside breakout of 0.9096 would call for 0.9130 and 0.9150.

Our pivot point is at 0.9096.

Our preference: the downside prevails as long as 0.9096 is resistance.

Alternative scenario: the upside breakout of 0.9096, would call for 0.9130 and 0.9150.

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 0.9128 and 0.9137). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.9078).

Supports and resistances:

0.9150 **

0.9130 *

0.9096 **

0.9082

0.9060 last

0.9000

0.8980 **

0.8959 *

0.8939 **

EUR/JPY – Currency exchange rate forecast 22.08.2019: our next up target stands at 118.84

Alternative scenario: the downside breakout of 117.76 would call for 117.38 and 117.15.

Our pivot point stands at 117.76.

Our preference: our next up target stands at 118.84.

Alternative scenario: the downside breakout of 117.76 would call for 117.38 and 117.15.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 117.99 and 118.09).

Supports and resistances:

119.30 **

119.07 *

118.84 **

118.62

118.14 last

117.91

117.76 **

117.38 *

117.15 **

NZD/USD – Currency exchange rate forecast 22.08.2019: rebound towards 0.6420

Alternative scenario: the downside breakout of 0.6360 would call for 0.6340 and 0.6328.

Our pivot point stands at 0.6360.

Our preference: rebound towards 0.6420.

Alternative scenario: below 0.6360, expect 0.6340 and 0.6328.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.6381) but below its 50 MA (0.6396).

Supports and resistances:

0.6443 **

0.6432 *

0.6420 **

0.6408

0.6381 last

0.6368

0.6360 **

0.6340 *

0.6328 **

USD/JPY – Currency exchange rate forecast 22.08.2019: under pressure.

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

GBP/USD – Currency exchange rate forecast 22.08.2019: further advance.

Long positions above 1.2175 with targets at 1.2300 & 1.2350 in extension.

Pivot: 1.2175

Our preference: long positions above 1.2175 with targets at 1.2300 & 1.2350 in extension.

Alternative scenario: below 1.2175 look for further downside with 1.2150 & 1.2120 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.2375

1.2350

1.2300

1.2254 Last

1.2175

1.2150

1.2120

AUD/USD – Currency exchange rate forecast 22.08.2019: under pressure.

Short positions below 0.6785 with targets at 0.6750 & 0.6735 in extension.

Pivot: 0.6785

Our preference: short positions below 0.6785 with targets at 0.6750 & 0.6735 in extension.

Alternative scenario: above 0.6785 look for further upside with 0.6800 & 0.6810 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

0.6810

0.6800

0.6785

0.6770 Last

0.6750

0.6735

0.6720

EUR/USD – Currency exchange rate forecast 22.08.2019: rebound.

Long positions above 1.1075 with targets at 1.1105 & 1.1115 in extension.

Pivot: 1.1075

Our preference: long positions above 1.1075 with targets at 1.1105 & 1.1115 in extension.

Alternative scenario: below 1.1075 look for further downside with 1.1060 & 1.1050 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.1130

1.1115

1.1105

1.1093 Last

1.1075

1.1060

1.1050

USD/CHF – Currency exchange rate forecast 22.08.2019: the bias remains bullish.

Long positions above 0.9805 with targets at 0.9855 & 0.9875 in extension.

Pivot: 0.9805

Our preference: long positions above 0.9805 with targets at 0.9855 & 0.9875 in extension.

Alternative scenario: below 0.9805 look for further downside with 0.9790 & 0.9770 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.9895

0.9875

0.9855

0.9829 Last

0.9805

0.9790

0.9770

USD/CAD – Currency exchange rate forecast 22.08.2019: consolidation.

Short positions below 1.3305 with targets at 1.3265 & 1.3250 in extension.

Pivot: 1.3305

Our preference: short positions below 1.3305 with targets at 1.3265 & 1.3250 in extension.

Alternative scenario: above 1.3305 look for further upside with 1.3320 & 1.3340 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.3340

1.3320

1.3305

1.3290 Last

1.3265

1.3250

1.3230