TradingCentral analyses

EUR/USD    GBP/USD    USD/CHF    USD/JPY    USD/CAD    AUD/USD   

18.07.2014 16:49 GMT+1 - EUR/USD Intraday: the downside prevails.

Pivot: 1.354
Our preference: Short positions below 1.354 with targets @ 1.3475 & 1.345 in extension.
Alternative scenario: Above 1.354 look for further upside with 1.3575 & 1.362 as targets.
Comment: The RSI broke below a bullish trend line.

    

18.07.2014 16:47 GMT+1 - GBP/USD Intraday: the downside prevails.

Pivot: 1.708
Our preference: Short positions below 1.708 with targets @ 1.7 & 1.697 in extension.
Alternative scenario: Above 1.708 look for further upside with 1.7115 & 1.715 as targets.
Comment: The break below 1.708 is a negative signal that has opened a path to 1.7.

    

18.07.2014 13:43 GMT+1 - USD/CHF Intraday: bullish bias above 0.8965.

Pivot: 0.8965
Our preference: Long positions above 0.8965 with targets @ 0.9 & 0.9015 in extension.
Alternative scenario: Below 0.8965 look for further downside with 0.8935 & 0.891 as targets.
Comment: A support base at 0.8965 has formed and has allowed for a temporary stabilisation.

    

18.07.2014 16:49 GMT+1 - USD/JPY Intraday: key resistance at 101.6.

Pivot: 101.6
Our preference: Short positions below 101.6 with targets @ 101.05 & 100.85 in extension.
Alternative scenario: Above 101.6 look for further upside with 101.8 & 102.05 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. The 101.6 former support is now acting as a resistance (polarity principle) and maintains a bearish bias.

    

18.07.2014 16:18 GMT+1 - USD/CAD Intraday: the bias remains bullish.

Pivot: 1.0695
Our preference: Long positions above 1.0695 with targets @ 1.0795 & 1.0825 in extension.
Alternative scenario: Below 1.0695 look for further downside with 1.0655 & 1.0625 as targets.
Comment: The RSI is supported by a bullish trend line.

    

18.07.2014 16:13 GMT+1 - AUD/USD Intraday: the downside prevails.

Pivot: 0.941
Our preference: Short positions below 0.941 with targets @ 0.9325 & 0.929 in extension.
Alternative scenario: Above 0.941 look for further upside with 0.9455 & 0.9485 as targets.
Comment: As long as 0.941 is resistance, look for choppy price action with a bearish bias.