Fx Technical AnalysisEur/UsdGbp/UsdUsd/ZarUsd/JpyUsd/Chf

 

 

  • We are currency specialists helping you keep up to date with the latest industry news and exchange rates, making it easy to move your money with confidence.

    Get up to the minute foreign exchange rates, check for trends and watch live rate changes.

  • 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.

March 13, 2019

Daily technical strategies

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

 
EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1265

Our preference: long positions above 1.1265 with targets at 1.1305 & 1.1320 in extension.

Alternative scenario: below 1.1265 look for further downside with 1.1245 & 1.1220 as targets.

Comment: the RSI shows upside momentum.

USD/JPY Intraday: key resistance at 111.45.
Pivot: 111.45

Our preference: short positions below 111.45 with targets at 111.10 & 110.85 in extension.

Alternative scenario: above 111.45 look for further upside with 111.65 & 111.80 as targets.

Comment: as long as the resistance at 111.45 is not surpassed, the risk of the break below 111.10 remains high. 

GBP/USD Intraday: under pressure.
Pivot: 1.3150

Our preference: short positions below 1.3150 with targets at 1.3045 & 1.3000 in extension.

Alternative scenario: above 1.3150 look for further upside with 1.3200 & 1.3245 as targets.

Comment: a break below 1.3045 would trigger a drop towards 1.3000.

EUR/GBP intraday: as long as 0.8593 is support look for 0.8681
Our pivot point stands at 0.8593.

Our preference: as long as 0.8593 is support look for 0.8681.

Alternative scenario: below 0.8593, expect 0.8561 and 0.8542.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (0.8631) but above its 50 MA (0.8600).

USD/ZAR intraday: the upside prevails as long as 14.3140 is support
Our pivot point is at 14.3140.

Our preference: the upside prevails as long as 14.3140 is support.

Alternative scenario: the downside breakout of 14.3140 would call for 14.2280 and 14.1760.

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 above its 20 and 50 MAs (respectively at 14.3661 and 14.3252).