USD/ZAR – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 15.4550 is resistance

USD/ZAR - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 15.4550 is resistance

Our preference: the downside prevails as long as 15.4550 is resistance.

Our pivot point stands at 15.4550.

Our preference: the downside prevails as long as 15.4550 is resistance.

Alternative scenario: above 15.4550, look for 15.5470 and 15.6020.

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 15.4051 and 15.4181).

Supports and resistances:

15.6020 **

15.5470 *

15.4550 **

15.4190

15.3771 last

15.2520

15.1970 **

15.1420 *

15.0870 **

USD/CAD – Currency exchange rate forecast 20.08.2019 : bullish bias above 1.3305.

USD/CAD - Currency exchange rate forecast 20.08.2019 : bullish bias above 1.3305.

Long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.

Pivot: 1.3305

Our preference: long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.

Alternative scenario: below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.3400

1.3370

1.3340

1.3334 Last

1.3305

1.3280

1.3255

AUD/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 72.23 is resistance

AUD/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 72.23 is resistance

The configuration is negative.

Our pivot point stands at 72.23.

Our preference: the downside prevails as long as 72.23 is resistance.

Alternative scenario: above 72.23, look for 72.44 and 72.57.

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 72.18 and 72.16).

Supports and resistances:

72.57 **

72.44 *

72.23 **

72.14

72.06 last

71.79

71.66 **

71.53 *

71.40 **

CAD/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 79.91 is resistance

CAD/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 79.91 is resistance

The MACD is below its signal line and negative.

Our pivot point is at 79.91.

Our preference: the downside prevails as long as 79.91 is resistance.

Alternative scenario: above 79.91, look for 80.12 and 80.24.

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 stands below its 20 and 50 MAs (respectively at 79.91 and 80.02).

Supports and resistances:

80.24 **

80.12 *

79.91 **

79.83

79.75 last

79.48

79.36 **

79.24 *

79.12 **

CHF/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 108.81 is resistance

CHF/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 108.81 is resistance

Alternative scenario: the upside breakout of 108.81 would call for 109.13 and 109.31.

108.81 is our pivot point.

Our preference: the downside prevails as long as 108.81 is resistance.

Alternative scenario: above 108.81, look for 109.13 and 109.31.

Comment: the RSI is below its neutrality area at 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 108.61 and 108.63).

Supports and resistances:

109.31 **

109.13 *

108.81 **

108.69

108.56 last

108.18

107.99 **

107.80 *

107.62 **

EUR/CHF – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 1.0869 is resistance

EUR/CHF - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 1.0869 is resistance

Our preference: the downside prevails as long as 1.0869 is resistance.

1.0869 is our pivot point.

Our preference: the downside prevails as long as 1.0869 is resistance.

Alternative scenario: above 1.0869, look for 1.0887 and 1.0898.

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 1.0863 and 1.0872).

Supports and resistances:

1.0898 **

1.0887 *

1.0869 **

1.0862

1.0854 last

1.0832

1.0821 **

1.0810 *

1.0799 **

EUR/CNH – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 7.85 is resistance

EUR/CNH - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 7.85 is resistance

Alternative scenario: the upside breakout of 7.85 would call for 7.87 and 7.88.

Our pivot point is at 7.85.

Our preference: the downside prevails as long as 7.85 is resistance.

Alternative scenario: above 7.85, look for 7.87 and 7.88.

Comment: the RSI is below its neutrality area at 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 7.84 and 7.84).

Supports and resistances:

7.88 **

7.87 *

7.85 **

7.85

7.84 last

7.81

7.80 **

7.79 *

7.78 **

EUR/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 118.14 is resistance

EUR/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 118.14 is resistance

The configuration is negative.

Our pivot point stands at 118.14.

Our preference: the downside prevails as long as 118.14 is resistance.

Alternative scenario: the upside breakout of 118.14, would call for 118.52 and 118.75.

Comment: the RSI is below its neutrality area at 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 117.98 and 118.11).

Supports and resistances:

118.75 **

118.52 *

118.14 **

117.99

117.83 last

117.36

117.14 **

116.91 *

116.68 **

NZD/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 68.30 is resistance

NZD/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 68.30 is resistance

Alternative scenario: the upside breakout of 68.30 would call for 68.50 and 68.61.

68.30 is our pivot point.

Our preference: the downside prevails as long as 68.30 is resistance.

Alternative scenario: the upside breakout of 68.30, would call for 68.50 and 68.61.

Comment: the RSI is below its neutrality area at 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 68.30 and 68.33).

Supports and resistances:

68.61 **

68.50 *

68.30 **

68.22

68.14 last

67.90

67.78 **

67.66 *

67.54 **

GBP/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 128.89 is resistance

GBP/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 128.89 is resistance

Alternative scenario: the upside breakout of 128.89 would call for 129.46 and 129.80.

Our pivot point is at 128.89.

Our preference: the downside prevails as long as 128.89 is resistance.

Alternative scenario: the upside breakout of 128.89, would call for 129.46 and 129.80.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (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 128.89 and 129.12).

Supports and resistances:

129.80 **

129.46 *

128.89 **

128.67

128.44 last

127.69

127.35 **

127.01 *

126.67 **