Fx Technical Analysis Eur/Usd Gbp/Usd Usd/Zar Usd/Jpy Usd/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.

 

 

 

Wednesday, November 14, 2018

Daily technical strategies

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

 

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1275

Our preference: long positions above 1.1275 with targets at 1.1320 & 1.1340 in extension.

Alternative scenario: below 1.1275 look for further downside with 1.1250 & 1.1215 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

USD/JPY Intraday: key resistance at 114.05.

Pivot: 114.05

Our preference: short positions below 114.05 with targets at 113.70 & 113.55 in extension.

Alternative scenario: above 114.05 look for further upside with 114.20 & 114.40 as targets.

Comment: the upward potential is likely to be limited by the resistance at 114.05.

 

GBP/USD Intraday: the upside prevails.

Pivot: 1.2950

Our preference: long positions above 1.2950 with targets at 1.3040 & 1.3080 in extension.

Alternative scenario: below 1.2950 look for further downside with 1.2890 & 1.2840 as targets.

Comment: a support base at 1.2950 has formed and has allowed for a temporary stabilisation.

 

EUR/GBP Intraday: key resistance at 0.8710.

Pivot: 0.8710

Our preference: short @ 0.8690 with targets @ 0.8675 & 0.8655 in extension.

Alternative scenario: above 0.8710 look for further upside with 0.8725 & 0.8740 as targets.

Comment: the RSI is below its neutrality area at 50%

 

USD/ZAR intraday: the downside prevails as long as 14.5480 is resistance

14.5480 is our pivot point.

Our preference: the downside prevails as long as 14.5480 is resistance.

Alternative scenario: above 14.5480, look for 14.6790 and 14.7570.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.4537 and 14.4455).