Flexianalysis

Nzd/usd intraday: Key resistance at 0.6565.

Pivot 0.6565
Our Preference Short positions below 0.6565 with targets @ 0.65 & 0.6475 in extension.
Alternate Scenario Above 0.6565 look for further upside with 0.659 & 0.6625 as targets.
Comments As long as the resistance at 0.6565 is not surpassed, the risk of the break below 0.65 remains high.
S1 0.65
S2 0.6475
S3 0.6445
R1 0.6565
R2 0.659
R3 0.6625
 

Attachments

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Usd/cad intraday: The bias remains bullish.

USD/CAD INTRADAY: THE BIAS REMAINS BULLISH.
Pivot 1.3265
Our Preference Long @ 1.3315 with targets @ 1.335 & 1.338 in extension.
Alternate Scenario Below 1.3265 look for further downside with 1.3225 & 1.318 as targets.
Comments The next resistances are at 1.335 and then at 1.338.
S1 1.3265
S2 1.3225
S3 1.318
R1 1.335
R2 1.338
R3 1.343
 

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Gbp/jpy intraday: Under pressure.

Pivot 186.85
Our Preference Short positions below 186.85 with targets @ 185.8 & 185.3 in extension.
Alternate Scenario Above 186.85 look for further upside with 187.5 & 188 as targets.
Comments Technically the RSI is below its neutrality area at 50.
S1 185.8
S2 185.3
S3 185
R1 186.85
R2 187.5
R3 188
 

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EURUSD chart may encourage bearish movement

After having just notched a new seven-month low of 1.0660, further downside likely awaits the EUR/USD pair, the daily chart suggests. A bearish technical bias re-established Monday is likely to keep the euro under pressure and aimed toward the 1.0500 round-figure trading barrier.
The daily Bollinger downtrend channel came back into effect with Monday’s fall, which was partially triggered by the knee-jerk reaction to the terror attacks in Paris. If EUR/USD stays under the 1.0737 ceiling of the channel by Tuesday’s close, it would encourage bearish bets. The fundamental outlook for the EUR/USD pair is still fundamentally negative, due to the divergence in monetary policy stance adopted by the European Central Bank and the U.S. Federal Reserve; the release of the FOMC meeting minutes Wednesday may affirm that the latter is likely to raise interest rates next month. EUR/USD is now trading at 1.0666 from its Monday close of 1.0684.
 
China’s Yuan down Marginally

China’s yuan is marginally weaker against the U.S. dollar Tuesday, despite the central bank benchmarking the daily parity rate fractionally stronger at 6.3740 versus Monday’s 6.3750 to the greenback. The daily USD/CNY chart retains a positive technical stance, implying that the yuan could weaken further against the U.S. dollar in the near term, though at a very gradual pace. The gentle upward-sloping Bollinger channel will be validated by a Tuesday close above 6.3683, and could guide USD/CNY toward the round-figure trading barrier of 6.4000 in the weeks ahead.
The yuan has not gained in spite of recent hints from the International Monetary Fund that it could be included in the Special Drawing Rights currency basket. The immediate implication for the yuan is likely to be muted even if SDR status is confirmed, since fund managers may not rebalance their currency basket positions until the weighting of the yuan within the SDR is revealed. USD/CNY is now trading at 6.3733 from its Monday close of 6.3724.
 
Eur/usd intraday: The downside prevails.

Pivot 1.0725
Our Preference Short positions below 1.0725 with targets @ 1.0625 & 1.06 in extension.
Alternate Scenario Above 1.0725 look for further upside with 1.077 & 1.083 as targets.
Comments The RSI has broken down its 30 level.
S1 1.0625
S2 1.06
S3 1.056
R1 1.0725
R2 1.077
R3 1.083
 

Attachments

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Gbp/usd intraday: Caution.

Pivot 1.517
Our Preference Long positions above 1.517 with targets @ 1.522 & 1.524 in extension.
Alternate Scenario Below 1.517 look for further downside with 1.514 & 1.5095 as targets.
Comments Intraday technical indicators are mixed and call for caution.
S1 1.517
S2 1.514
S3 1.5095
R1 1.522
R2 1.524
R3 1.5275
 

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Usd/chf intraday: Supported by a rising trend line.

Pivot 1.012
Our Preference Long positions above 1.012 with targets @ 1.0175 & 1.021 in extension.
Alternate Scenario Below 1.012 look for further downside with 1.0075 & 1.004 as targets.
Comments The RSI advocates for further upside.
S1 1.012
S2 1.0075
S3 1.004
R1 1.0175
R2 1.021
R3 1.022
 

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Eur/usd intraday: Capped by a negative trend line.

Pivot 1.069
Our Preference Short positions below 1.069 with targets @ 1.0625 & 1.06 in extension.
Alternate Scenario Above 1.069 look for further upside with 1.0725 & 1.077 as targets.
Comments The RSI lacks upward momentum.
S1 1.0625
S2 1.06
S3 1.056
R1 1.069
R2 1.0725
R3 1.077
 

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Gbp/usd intraday: Key resistance at 1.524.

Pivot 1.524
Our Preference Short positions below 1.524 with targets @ 1.514 & 1.5095 in extension.
Alternate Scenario Above 1.524 look for further upside with 1.5275 & 1.531 as targets.
Comments The RSI advocates for further decline.
S1 1.514
S2 1.5095
S3 1.5055
R1 1.524
R2 1.5275
R3 1.531
 

Attachments

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Usd/jpy intraday: The upside prevails.

Pivot 123
Our Preference Long positions above 123 with targets @ 123.6 & 124 in extension. Alternate Scenario Below 123 look for further downside with 122.6 & 122.35 as targets.
Comments The RSI lacks downward momentum.
S1 123
S2 122.6
S3 122.35
R1 123.6
R2 124
R3 124.4
 

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Aud/usd intraday: Bullish bias above 0.707.

Pivot 0.707
Our Preference Long positions above 0.707 with targets @ 0.715 & 0.717 in extension.
Alternate Scenario Below 0.707 look for further downside with 0.704 & 0.7015 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 0.707
S2 0.704
S3 0.7015
R1 0.715
R2 0.717
R3 0.7195
 

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Nzd/usd intraday: The downside prevails.

Pivot 0.65
Our Preference Short positions below 0.65 with targets @ 0.6445 & 0.642 in extension.
Alternate Scenario Above 0.65 look for further upside with 0.6545 & 0.6575 as targets.
Comments The RSI is mixed to bearish.
S1 0.6445
S2 0.642
S3 0.64
R1 0.65
R2 0.6545
R3 0.6575
 

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Eur/usd intraday: Rebound.

Pivot 1.062
Our Preference Long positions above 1.062 with targets @ 1.077 & 1.082 in extension.
Alternate Scenario Below 1.062 look for further downside with 1.056 & 1.05 as targets.
Comments The RSI is bullish and calls for further upside.
S1 1.062
S2 1.056
S3 1.05
R1 1.077
R2 1.082
R3 1.086
 

Attachments

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Gbp/usd intraday: Further upside.

Pivot 1.524
Our Preference Long positions above 1.524 with targets @ 1.53 & 1.533 in extension.
Alternate Scenario Below 1.524 look for further downside with 1.519 & 1.5155 as targets.
Comments The RSI is well directed.
S1 1.524
S2 1.519
S3 1.5155
R1 1.53
R2 1.533
R3 1.536
 

Attachments

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Usd/jpy intraday: Caution.

Pivot 123.18
Our Preference Long positions above 123.18 with targets @ 123.75 & 124 in extension.
Alternate Scenario Below 123.18 look for further downside with 122.9 & 122.6 as targets.
Comments The RSI is mixed and calls for caution.
S1 123.18
S2 122.9
S3 122.6
R1 123.75
R2 124
R3 124.4
 

Attachments

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Usd/chf intraday: Testing the channel support.

Pivot 1.012
Our Preference Long positions above 1.012 with targets @ 1.022 & 1.025 in extension. Alternate Scenario Below 1.012 look for further downside with 1.0075 & 1.004 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 1.012
S2 1.0075
S3 1.004
R1 1.022
R2 1.025
R3 1.028
 

Attachments

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Aud/usd intraday: Further advance.

Pivot 0.71
Our Preference Long positions above 0.71 with targets @ 0.7195 & 0.722 in extension.
Alternate Scenario Below 0.71 look for further downside with 0.707 & 0.704 as targets.
Comments The RSI is bullish and calls for further advance.
S1 0.71
S2 0.707
S3 0.704
R1 0.7195
R2 0.722
R3 0.725
 

Attachments

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Nzd/usd intraday: Rebound.

Pivot 0.6490
Our Preference Long positions above 0.649 with targets @ 0.6575 & 0.66 in extension.
Alternate Scenario Below 0.649 look for further downside with 0.645 & 0.6425 as targets.
Comments The RSI is well directed.
S1 0.649
S2 0.645
S3 0.6425
R1 0.6575
R2 0.66
R3 0.664
 

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