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

June 11, 2019

Daily technical strategies

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

 
EUR/USD Intraday: consolidation.
Pivot: 1.1325

Our preference: short positions below 1.1325 with targets at 1.1300 & 1.1290 in extension.

Alternative scenario: above 1.1325 look for further upside with 1.1345 & 1.1360 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1325.

USD/JPY Intraday: the upside prevails.
Pivot: 108.35

Our preference: long positions above 108.35 with targets at 108.80 & 109.00 in extension.

Alternative scenario: below 108.35 look for further downside with 108.15 & 107.95 as targets.

Comment: the RSI shows upside momentum.

GBP/USD Intraday: under pressure.
Pivot: 1.2700

Our preference: short positions below 1.2700 with targets at 1.2670 & 1.2655 in extension.

Alternative scenario: above 1.2700 look for further upside with 1.2725 & 1.2745 as targets.

Comment: the RSI is mixed to bearish.

EUR/GBP intraday: the upside prevails as long as 0.8895 is support
0.8895 is our pivot point.

Our preference: the upside prevails as long as 0.8895 is support.

Alternative scenario: the downside breakout of 0.8895 would call for 0.8861 and 0.8841.

Comment: the RSI is above 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 0.8918 and 0.8913).

USD/ZAR intraday: rebound towards 14.9570
Our pivot point is at 14.7230.

Our preference: rebound towards 14.9570.

Alternative scenario: the downside breakout of 14.7230 would call for 14.6350 and 14.5820.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.8128 and 14.8503).