Fx Technical Analysis Eur/Usd Gbp/Usd Usd/Zar Usd/Jpy Usd/Chf

 

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  • Dear Valued Client:

    Thank you for continued business with Currency Hedger. Currency Hedger has decided to categorize the FX pairs based on risk factors and volatility into three tiers.

    Please note that Effective Friday October 12th (5 PM NY time on October 12th), all FX pairs will be categorized as follow:

     

    Tier 1    Pairs minimum margin requirement will be 1%

    Tier 2    Pairs minimum margin requirement will be 2%

    Tier 3    Pairs will be available as indicative pricing.

    Tier 1Tier 2Tier 3
    AUD/CADAUD/SGDUSD/TRY
    AUD/CHFCHF/SGDUSD/THB
    AUD/JPYEUR/CNHUSD/RUB
    AUD/NZDEUR/CZKUSD/MXN
    AUD/USDEUR/NOKUSD/HUF
    CAD/CHFEUR/PLNUSD/DKK
    CAD/JPYEUR/SEKGBP/TRY
    CHF/JPYEUR/SGDGBP/DKK
    EUR/AUDEUR/ZAREUR/TRY
    EUR/CADGBP/NOKEUR/HUF
    EUR/CHFGBP/SEKEUR/HKD
    EUR/GBPNOK/JPYEUR/DKK
    EUR/JPYNOK/SEK
    EUR/NZDSEK/JPY
    EUR/USDSGD/JPY
    GBP/AUDUSD/CNH
    GBP/CADUSD/CZK
    GBP/CHFUSD/HKD
    GBP/JPYUSD/NOK
    GBP/NZDUSD/PLN
    GBP/SGDUSD/SEK
    GBP/USDUSD/SGD
    NZD/CADUSD/ZAR
    NZD/CHFZAR/JPY

    Please note that Metals, Commodities and CFDs minimum Margin Requirements remains 2%. Furthermore, please note that the above changes will apply only to your Omnibus account with Currency Hedger.

     

    Please note that Currency Hedger requires that, going into each weekend, the equity in your account is “at least” double the margin required to maintain your open trades. In other words, your “Margin Ratio” (viewable in your Account window) is below 50% by end of day each Friday. Please be mindful of this important obligation and be aware that the Company reserves the right to instruct  a client to reduce their position until compliant. If client fails to bring themselves into compliance, Currency Hedger trade support may reduce positions until guidelines are satisfactorily met. This requirement will be in effect even with this recent change in margin requirement.

    Please monitor margin on deposit with Currency Hedger accordingly, and make any adjustments/changes deemed necessary.

 

 

 

February 15, 2019

Daily technical strategies

EUR/USD USD/JPY GBP/USD EUR/GBP USD/ZAR

 

EUR/USD Intraday: intraday support around 1.1270.
Pivot: 1.1270

Our preference: long positions above 1.1270 with targets at 1.1310 & 1.1325 in extension.

Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1230 as targets.

Comment: the RSI lacks downward momentum.

USD/JPY Intraday: the downside prevails.
Pivot: 110.60

Our preference: short positions below 110.60 with targets at 110.10 & 109.90 in extension.

Alternative scenario: above 110.60 look for further upside with 110.80 & 110.95 as targets.

Comment: the RSI is mixed to bearish.

GBP/USD Intraday: key resistance at 1.2830.
Pivot: 1.2830

Our preference: short positions below 1.2830 with targets at 1.2770 & 1.2740 in extension.

Alternative scenario: above 1.2830 look for further upside with 1.2850 & 1.2875 as targets.

Comment: as long as the resistance at 1.2830 is not surpassed, the risk of the break below 1.2770 remains high.

EUR/GBP intraday: as long as 0.8802 is support look for 0.8857
Our pivot point stands at 0.8802.

Our preference: as long as 0.8802 is support look for 0.8857.

Alternative scenario: below 0.8802, expect 0.8782 and 0.8770.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (0.8825) but above its 50 MA (0.8806).

USD/ZAR intraday: as long as 14.0720 is support look for 14.2910
14.0720 is our pivot point.

Our preference: as long as 14.0720 is support look for 14.2910.

Alternative scenario: below 14.0720, expect 13.9920 and 13.9440.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.1378 and 14.1294).