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DAILY TRADE IDEA & FORECASTS

EURUSD

🕝 54 Minutes 35 Secs ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 1.1685

» STOP SELL 1.1707-1.1720

» TP ZONE1.1634-1.1621

1.1634 expected OUR PIVOT POINT IS AT 1.1685. OUR PREFERENCE: The downside prevails as long as 1.1685 is resistance, with 1.1634 and 1.1621 AS TARGETS. ALTERNATIVE SCENARIO: above 1.1685, look FOR 1.1707 AND 1.1720. COMMENT: The MACD is above its signal line and negative. The price stands above its 20 period moving average (1.1654) but below its 50 period moving AVERAGE (1.1660).

EURUSD Technical Outlook
GBPUSD

🕝 52 Minutes 35 Secs ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 1.3657

» STOP SELL 1.3690-1.3709

» TP ZONE1.3580-1.3561

Rebound or deeper decline ahead? OUR PIVOT POINT IS AT 1.3657. OUR PREFERENCE: The downside prevails as long as 1.3657 is resistance, with 1.3580 and 1.3561 AS TARGETS. ALTERNATIVE SCENARIO: above 1.3657, look FOR 1.3690 AND 1.3709. COMMENT: The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.

GBPUSD Technical Outlook
USDJPY

🕝 51 Minutes 35 Secs ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 159.42

» STOP SELL 159.76-159.96

» TP ZONE158.58-158.38

Trend at a crossroads OUR PIVOT POINT IS AT 159.43. OUR PREFERENCE: The downside prevails as long as 159.43 is resistance, with 158.59 and 158.39 AS TARGETS. ALTERNATIVE SCENARIO: above 159.43, look FOR 159.76 AND 159.97. COMMENT: Price is close to our pivot level; this could be the last opportunity for a REVERSAL.

USDJPY Technical Outlook

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USDCAD

🕝 49 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 1.3842

» STOP BUY 1.3819-1.3805

» TP ZONE 1.3895-1.3909

Key resistance level approaches OUR PIVOT POINT IS AT 1.3842. OUR PREFERENCE: The upside prevails as long as 1.3842 is support, with 1.3895 and 1.3909 AS TARGETS. ALTERNATIVE SCENARIO: below 1.3842, expect 1.3819 AND 1.3805. COMMENT: The chart structure suggests the instrument is coiling ahead of a potentially significant MOVE.

USDCAD Technical Outlook
AUDUSD

🕝 48 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.7154

» STOP BUY 0.7136-0.7125

» TP ZONE 0.7203-0.7214

Watch 0.7203 OUR PIVOT POINT IS AT 0.7154. OUR PREFERENCE: The upside prevails as long as 0.7154 is support, with 0.7203 and 0.7214 AS TARGETS. ALTERNATIVE SCENARIO: below 0.7154, expect 0.7136 AND 0.7125. COMMENT: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 0.7176 AND 0.7177).

AUDUSD Technical Outlook
NZDUSD

🕝 47 Minutes 35 Secs ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 0.5976

» STOP SELL 0.5994-0.6005

» TP ZONE0.5935-0.5924

Look for 0.5935 OUR PIVOT POINT IS AT 0.5976. OUR PREFERENCE: The downside prevails as long as 0.5976 is resistance, with 0.5935 and 0.5924 AS TARGETS. ALTERNATIVE SCENARIO: above 0.5976, look FOR 0.5994 AND 0.6005. COMMENT: The MACD is above its signal LINE AND NEGATIVE.

NZDUSD Technical Outlook

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USDCHF

🕝 45 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.8038

» STOP BUY 0.8015-0.8002

» TP ZONE 0.8-89-0.8102

Risk escalating OUR PIVOT POINT IS AT 0.8038. OUR PREFERENCE: The upside prevails as long as 0.8038 is support, with 0.8089 and 0.8102 AS TARGETS. ALTERNATIVE SCENARIO: below 0.8038, expect 0.8015 AND 0.8002. COMMENT: Price is close to our pivot level; this could be the last opportunity for a REVERSAL.

USDCHF Technical Outlook
EURGBP

🕝 41 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.8569

» STOP BUY 0.8561-0.8555

» TP ZONE 0.8589-0.8594

0.5859 in sight OUR PIVOT POINT IS AT 0.8569. OUR PREFERENCE: As long as 0.8569 IS SUPPORT, LOOK FOR 0.8594. ALTERNATIVE SCENARIO: BELOW 0.8569, EXPECT 0.8560 AND 0.8555. COMMENT: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 0.8574 AND 0.8567).

EURGBP Technical Outlook
EURJPY

🕝 40 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 185.35

» STOP BUY 185.06-184.88

» TP ZONE 186.06-186.23

Look for 186.07 OUR PIVOT POINT IS AT 185.35. OUR PREFERENCE: The upside prevails as long as 185.35 is support, with 186.07 and 186.24 AS TARGETS. ALTERNATIVE SCENARIO: below 185.35, expect 185.06 AND 184.89. COMMENT: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 185.66 AND 185.61).

EURJPY Technical Outlook

GBPCHF

🕝 38 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 1.0940

» STOP BUY 1.0921-1.0910

» TP ZONE 1.0988-1.1000

1.0988 in sight OUR PIVOT POINT IS AT 1.0940. OUR PREFERENCE: The upside prevails as long as 1.0940 is support, with 1.0988 and 1.1000 AS TARGETS. ALTERNATIVE SCENARIO: below 1.0940, expect 1.0921 AND 1.0910. COMMENT: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.0952 AND 1.0946).

GBPCHF Technical Outlook
GBPJPY

🕝 33 Minutes 35 Secs ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 216.93

» STOP SELL 217.43-217.72

» TP ZONE215.87-215.58

Towards 215.88 OUR PIVOT POINT IS AT 216.93. OUR PREFERENCE: The downside prevails as long as 216.93 is resistance, with 215.88 and 215.58 AS TARGETS. ALTERNATIVE SCENARIO: above 216.93, look FOR 217.43 AND 217.73. COMMENT: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (216.54) but below its 50 period moving average (216.65).

GBPJPY Technical Outlook
XAUUSD

🕝 32 Minutes 35 Secs ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 4587

» STOP BUY 4553-4535

» TP ZONE 4700-4731

The upside prevails as long as 4,588 is support OUR PIVOT POINT IS AT 4,588. OUR PREFERENCE: The upside prevails as long as 4,588 is support, with 4,701 and 4,732 AS TARGETS. ALTERNATIVE SCENARIO: below 4,588, expect 4,536 AND 4,505. COMMENT: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,610 AND 4,618).

XAUUSD Technical Outlook

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