NZD/USD – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 0.6424 is resistance

NZD/USD - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 0.6424 is resistance

Alternative scenario: above 0.6424, look for 0.6444 and 0.6456.

Our pivot point is at 0.6424.

Our preference: the downside prevails as long as 0.6424 is resistance.

Alternative scenario: above 0.6424, look for 0.6444 and 0.6456.

Comment: the RSI is below 50. 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 0.6415 and 0.6414).

Supports and resistances:

0.6456 **

0.6444 *

0.6424 **

0.6416

0.6408 last

0.6384

0.6372 **

0.6360 *

0.6348 **

GBP/JPY Currency exchange rate forecast 19.08.2019: the upside prevails as long as 128.79 is support

GBP/JPY Currency exchange rate forecast 19.08.2019: the upside prevails as long as 128.79 is support

Alternative scenario: the downside breakout of 128.79 would call for 128.22 and 127.88.

Our pivot point stands at 128.79.

Our preference: the upside prevails as long as 128.79 is support.

Alternative scenario: the downside breakout of 128.79 would call for 128.22 and 127.88.

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 129.19 and 129.23).

Supports and resistances:

131.04 **

130.70 *

130.36 **

130.02

129.30 last

129.02

128.79 **

128.22 *

127.88 **

EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

Our preference: target 0.9075.

0.9170 is our pivot point.

Our preference: target 0.9075.

Alternative scenario: the upside breakout of 0.9170, would call for 0.9205 and 0.9225.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.9153) but above its 50 MA (0.9138).

Supports and resistances:

0.9225 **

0.9205 *

0.9170 **

0.9156

0.9139 last

0.9096

0.9075 **

0.9055 *

0.9034 **

EUR/JPY Currency exchange rate forecast 19.08.2019: target 117.48

EUR/JPY Currency exchange rate forecast 19.08.2019: target 117.48

The MACD is positive and below its signal line.

Our pivot point stands at 118.49.

Our preference: target 117.48.

Alternative scenario: the upside breakout of 118.49, would call for 118.88 and 119.10.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (118.25) but above its 50 MA (118.09).

Supports and resistances:

119.10 **

118.88 *

118.49 **

118.34

118.16 last

117.70

117.48 **

117.25 *

117.02 **

NZD/USD Currency exchange rate forecast 19.08.2019: rebound towards 0.6457

NZD/USD Currency exchange rate forecast 19.08.2019: rebound towards 0.6457

Alternative scenario: below 0.6402, expect 0.6382 and 0.6370.

Our pivot point is at 0.6402.

Our preference: rebound towards 0.6457.

Alternative scenario: the downside breakout of 0.6402 would call for 0.6382 and 0.6370.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.6418) but below its 50 MA (0.6422).

Supports and resistances:

0.6481 **

0.6469 *

0.6457 **

0.6445

0.6419 last

0.6410

0.6402 **

0.6382 *

0.6370 **

AUD/USD Currency exchange rate forecast 19.08.2019: under pressure.

AUD/USD Currency exchange rate forecast 19.08.2019: under pressure.

Short positions below 0.6785 with targets at 0.6755 & 0.6745 in extension.

Pivot: 0.6785

Our preference: short positions below 0.6785 with targets at 0.6755 & 0.6745 in extension.

Alternative scenario: above 0.6785 look for further upside with 0.6795 & 0.6810 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

0.6810

0.6795

0.6785

0.6770 Last

0.6755

0.6745

0.6735

USD/CHF Currency exchange rate forecast 19.08.2019: the bias remains bullish.

USD/CHF Currency exchange rate forecast 19.08.2019: the bias remains bullish.

Long positions above 0.9770 with targets at 0.9835 & 0.9870 in extension.

Pivot: 0.9770

Our preference: long positions above 0.9770 with targets at 0.9835 & 0.9870 in extension.

Alternative scenario: below 0.9770 look for further downside with 0.9755 & 0.9735 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

0.9890

0.9870

0.9835

0.9803 Last

0.9770

0.9755

0.9735

USD/CAD Currency exchange rate forecast 19.08.2019: further upside.

USD/CAD Currency exchange rate forecast 19.08.2019: further upside.

Long positions above 1.3285 with targets at 1.3350 & 1.3370 in extension.

Pivot: 1.3285

Our preference: long positions above 1.3285 with targets at 1.3350 & 1.3370 in extension.

Alternative scenario: below 1.3285 look for further downside with 1.3250 & 1.3230 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

1.3400

1.3370

1.3350

1.3310 Last

1.3285

1.3250

1.3230

GBP/USD Currency exchange rate forecast 19.08.2019: look for 1.2190.

GBP/USD Currency exchange rate forecast 19.08.2019: look for 1.2190.

Long positions above 1.2105 with targets at 1.2170 & 1.2190 in extension.

Pivot: 1.2105

Our preference: long positions above 1.2105 with targets at 1.2170 & 1.2190 in extension.

Alternative scenario: below 1.2105 look for further downside with 1.2075 & 1.2050 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.2205

1.2190

1.2170

1.2136 Last

1.2105

1.2075

1.2050

EUR/USD Currency exchange rate forecast 19.08.2019: intraday support around 1.1085.

EUR/USD Currency exchange rate forecast 19.08.2019: intraday support around 1.1085.

Long positions above 1.1085 with targets at 1.1115 & 1.1135 in extension.

Pivot: 1.1085

Our preference: long positions above 1.1085 with targets at 1.1115 & 1.1135 in extension.

Alternative scenario: below 1.1085 look for further downside with 1.1065 & 1.1050 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.1160

1.1135

1.1115

1.1092 Last

1.1085

1.1065

1.1050