EUR/GBP – Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

EUR/GBP - Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

The configuration is positive.

0.9113 is our pivot point.

Our preference: the upside prevails as long as 0.9113 is support.

Alternative scenario: below 0.9113, expect 0.9078 and 0.9058.

Comment: the RSI is above its neutrality area at 50. 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 0.9141 and 0.9132).

Supports and resistances:

0.9252 **

0.9231 *

0.9211 **

0.9190

0.9143 last

0.9126

0.9113 **

0.9078 *

0.9058 **

EUR/JPY – Currency exchange rate forecast 21.08.2019: as long as 117.86 is support look for 118.91

EUR/JPY - Currency exchange rate forecast 21.08.2019: as long as 117.86 is support look for 118.91

The MACD is below its signal line and positive.

Our pivot point is at 117.86.

Our preference: as long as 117.86 is support look for 118.91.

Alternative scenario: the downside breakout of 117.86 would call for 117.48 and 117.25.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (118.19) but above its 50 MA (118.05).

Supports and resistances:

119.36 **

119.13 *

118.91 **

118.68

118.17 last

118.01

117.86 **

117.48 *

117.25 **

GBP/JPY – Currency exchange rate forecast 21.08.2019: the downside prevails as long as 129.75 is resistance

GBP/JPY - Currency exchange rate forecast 21.08.2019: the downside prevails as long as 129.75 is resistance

The MACD is below its signal line and negative.

Our pivot point is at 129.75.

Our preference: the downside prevails as long as 129.75 is resistance.

Alternative scenario: the upside breakout of 129.75, would call for 130.32 and 130.66.

Comment: the RSI is below 50. 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 129.29 and 129.28).

Supports and resistances:

130.66 **

130.32 *

129.75 **

129.52

129.25 last

128.53

128.19 **

127.85 *

127.51 **

NZD/USD – Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.6400 is support

NZD/USD - Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.6400 is support

The configuration is positive.

Our pivot point stands at 0.6400.

Our preference: the upside prevails as long as 0.6400 is support.

Alternative scenario: the downside breakout of 0.6400 would call for 0.6380 and 0.6368.

Comment: the RSI is above its neutrality area at 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 0.6409 and 0.6413).

Supports and resistances:

0.6480 **

0.6468 *

0.6456 **

0.6444

0.6418 last

0.6408

0.6400 **

0.6380 *

0.6368 **

AUD/USD – Currency exchange rate forecast 21.08.2019: the bias remains bullish.

AUD/USD - Currency exchange rate forecast 21.08.2019: the bias remains bullish.

Long positions above 0.6780 with targets at 0.6805 & 0.6820 in extension.

Pivot: 0.6780

Our preference: long positions above 0.6780 with targets at 0.6805 & 0.6820 in extension.

Alternative scenario: below 0.6780 look for further downside with 0.6770 & 0.6760 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.6830

0.6820

0.6805

0.6797 Last

0.6780

0.6770

0.6760

EUR/USD – Currency exchange rate forecast 21.08.2019: the bias remains bullish.

EUR/USD - Currency exchange rate forecast 21.08.2019: the bias remains bullish.

Long positions above 1.1085 with targets at 1.1110 & 1.1120 in extension.

Pivot: 1.1085

Our preference: long positions above 1.1085 with targets at 1.1110 & 1.1120 in extension.

Alternative scenario: below 1.1085 look for further downside with 1.1075 & 1.1065 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.1140

1.1120

1.1110

1.1097 Last

1.1085

1.1075

1.1065

USD/JPY – Currency exchange rate forecast 21.08.2019: the upside prevails.

USD/JPY - Currency exchange rate forecast 21.08.2019: the upside prevails.

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

GBP/USD – Currency exchange rate forecast 21.08.2019: under pressure.

GBP/USD - Currency exchange rate forecast 21.08.2019: under pressure.

Short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Pivot: 1.2160

Our preference: short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Alternative scenario: above 1.2160 look for further upside with 1.2180 & 1.2200 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

1.2200

1.2180

1.2160

1.2133 Last

1.2105

1.2080

1.2065

USD/CHF – Currency exchange rate forecast 21.08.2019: the upside prevails.

USD/CHF - Currency exchange rate forecast 21.08.2019: the upside prevails.

Long positions above 0.9770 with targets at 0.9820 & 0.9835 in extension.

Pivot: 0.9770

Our preference: long positions above 0.9770 with targets at 0.9820 & 0.9835 in extension.

Alternative scenario: below 0.9770 look for further downside with 0.9750 & 0.9740 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.9855

0.9835

0.9820

0.9798 Last

0.9770

0.9750

0.9740

USD/CAD – Currency exchange rate forecast 21.08.2019: under pressure.

USD/CAD - Currency exchange rate forecast 21.08.2019: under pressure.

Short positions below 1.3295 with targets at 1.3250 & 1.3225 in extension.

Pivot: 1.3295

Our preference: short positions below 1.3295 with targets at 1.3250 & 1.3225 in extension.

Alternative scenario: above 1.3295 look for further upside with 1.3320 & 1.3335 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3335

1.3320

1.3295

1.3267 Last

1.3250

1.3225

1.3205