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DAILY TRADE IDEA & FORECASTS

EURUSD

🕝 19 Hours 3 Minutes ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 1.1394

» STOP SELL 1.1417-1.1430

» TP ZONE1.1342-1.1328

Watch 1.1342 OUR PIVOT POINT IS AT 1.1394. OUR PREFERENCE: The upside prevails as long as 1.1328 is support, with 1.1385 and 1.1394 AS TARGETS ALTERNATIVE SCENARIO: below 1.1394, expect 1.1315 AND 1.1301. COMMENT: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1372 and 1.1389). Supports and RESISTANCES:

EURUSD Technical Outlook
GBPUSD

🕝 19 Hours 2 Minutes ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 1.3360

» STOP SELL 1.3395-1.3416

» TP ZONE1.3275-1.3255

Key support level approaches OUR PIVOT POINT IS AT 1.3360. OUR PREFERENCE: The downside prevails as long as 1.3360 is resistance, with 1.3275 and 1.3255 AS TARGETS ALTERNATIVE SCENARIO: above 1.3360, look FOR 1.3395 AND 1.3416. COMMENT: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper DECLINE. SUPPORTS AND RESISTANCES:

GBPUSD Technical Outlook
USDJPY

🕝 19 Hours 7 Seconds ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 163.48

» STOP BUY 163.21-163.05

» TP ZONE 164.12-164.28

Towards 164.12 OUR PIVOT POINT IS AT 163.49. OUR PREFERENCE: The upside prevails as long as 163.49 is support, with 164.12 and 164.28 AS TARGETS ALTERNATIVE SCENARIO: below 163.49, expect 163.21 AND 163.05. 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 163.73 AND 163.64). SUPPORTS AND RESISTANCES:

USDJPY Technical Outlook

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USDCAD

🕝 18 Hours 59 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Below 1.4091

» STOP BUY 1.4068-1.4054

» TP ZONE 1.4142-1.4156

Expect 1.4142 OUR PIVOT POINT IS AT 1.4091. OUR PREFERENCE: As long as 1.4156 IS RESISTANCE, LOOK FOR 1.4091 ALTERNATIVE SCENARIO: ABOVE 1.4091, LOOK FOR 1.4169 AND 1.4183. 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 1.4118 and 1.4103). SUPPORTS AND RESISTANCES:

USDCAD Technical Outlook
AUDUSD

🕝 18 Hours 57 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.6975

» STOP BUY 0.6956-0.6945

» TP ZONE 0.7019-0.7030

Pivotal moment OUR PIVOT POINT IS AT 0.6975. OUR PREFERENCE: The upside prevails as long as 0.6975 is support, with 0.7019 and 0.7030 AS TARGETS ALTERNATIVE SCENARIO: below 0.6975, expect 0.6956 AND 0.6945. COMMENT: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory. Supports and RESISTANCES:

AUDUSD Technical Outlook
NZDUSD

🕝 18 Hours 56 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.5757

» STOP BUY 0.5739-0.5729

» TP ZONE 0.5794-0.5804

Rebound towards 0.5804 OUR PIVOT POINT IS AT 0.5757. OUR PREFERENCE: Rebound TOWARDS 0.5804. ALTERNATIVE SCENARIO: below 0.5757, expect 0.5739 AND 0.5729. COMMENT: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 period moving average (respectively at 0.5777 and 0.5789). SUPPORTS AND RESISTANCES:

NZDUSD Technical Outlook

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USDCHF

🕝 18 Hours 54 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.8166

» STOP BUY 0.8145-0.8133

» TP ZONE 0.8215-0.8228

Watch 0.8215 OUR PIVOT POINT IS AT 0.8166. OUR PREFERENCE: The downside prevails as long as 0.8228 is resistance, with 0.8174 and 0.8166 AS TARGETS ALTERNATIVE SCENARIO: above 0.8166, look FOR 0.8240 AND 0.8252. 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 0.8188 and 0.8167). SUPPORTS AND RESISTANCES:

USDCHF Technical Outlook
EURGBP

🕝 18 Hours 53 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 0.8540

» STOP BUY 0.8526-0.8518

» TP ZONE 0.8573-0.8581

Target 0.8573 OUR PIVOT POINT IS AT 0.8540. OUR PREFERENCE: The upside prevails as long as 0.8540 is support, with 0.8573 and 0.8581 AS TARGETS ALTERNATIVE SCENARIO: below 0.8540, expect 0.8526 AND 0.8518. 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 0.8553 AND 0.8548). SUPPORTS AND RESISTANCES:

EURGBP Technical Outlook
EURJPY

🕝 18 Hours 49 Minutes ago

⇳ SENTIMENT BULLISH

» WE PREFER BUY

» BUY ZONE Above 186.06

» STOP BUY 185.71-185.50

» TP ZONE 186.85-187.06

Pivotal moment OUR PIVOT POINT IS AT 186.06. OUR PREFERENCE: As long as 186.06 IS SUPPORT, LOOK FOR 187.06 ALTERNATIVE SCENARIO: BELOW 186.06, EXPECT 185.71 AND 185.50. COMMENT: Price is close to our pivot level; this could be the last opportunity FOR A REVERSAL. SUPPORTS AND RESISTANCES:

EURJPY Technical Outlook

GBPCHF

🕝 18 Hours 45 Minutes ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 1.0875

» STOP SELL 1.0893-1.0903

» TP ZONE1.0832-1.0821

The RSI is oversold our pivot point is at 1.0875, The RSI is trading below 30. This could mean that either the pair in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is stands below its 20 and 50 period moving average (respectively at 1.0875 and 1.0888).

GBPCHF Technical Outlook
GBPJPY

🕝 18 Hours 43 Minutes ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 218.08

» STOP SELL 218.60-218.91

» TP ZONE216.99-216.68

target 217.00, 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 price is below its 20 period moving average (217.69) but above its 50 period moving average (218.02).

GBPJPY Technical Outlook
XAUUSD

🕝 18 Hours 41 Minutes ago

⇳ SENTIMENT BEARISH

» OUR PREFERENCE SELL

» SELL ZONE Below 4089

» STOP SELL 4119.36-4126.78

» TP ZONE4022.58-4004.89

The downside prevails as long as 4090 is resistance, Our pivot point stands at 4090, the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4076 and 4085).

XAUUSD Technical Outlook

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