[EURUSD]
Our Preference:
- Long positions with targets at 1.1118.
Commentary/ Reason:
- Chart entered rounding bottom pattern. it is expected to follow continuation into a bullish uptrend.
- The RSI is above its neutrality area of 50.
- Current bullish progression is still going.
[CHFJPY]
[CHFJPY]
Our Preference:
- Short positions below 111.554, with target at 111.314.
Commentary/ Reason:
- Chart is in regression trend, hence expect the continuation of bearish downtrend
- The MACD is negative.
- The pair is trading below its 200 Moving Average.
[GBPUSD]
[GBPUSD]
Our Preference:
- Long positions above 1.2279 with target at 1.2240 and 1.2205 at extension.
Commentary/ Reason:
- The MACD is above its signal line and positive. The configuration is positive.
- The RSI is above its neutrality area of 50.
- The pair is trading above its 200 and 50 Moving Averages.
