Drive confident decisions with simple, actionable trading plans.

EUR/USDEUR/USD

20240517 20:28

EUR/USD intraday: the upside prevails as long as 1.0860 is support

Our pivot point is at 1.0860.

Our preference: the upside prevails as long as 1.0860 is support.

Alternative scenario: below 1.0860, expect 1.0844 and 1.0835.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0856 and 1.0860).

Supports and resistances:

1.0923 **

1.0914 *

1.0904 **

1.0895

1.0874 last

1.0866

1.0860 **

1.0844 *

1.0835 **

GBP/USDGBP/USD

20240517 20:29

GBP/USD intraday: the upside prevails as long as 1.2684 is support

1.2684 is our pivot point.

Our preference: the upside prevails as long as 1.2684 is support.

Alternative scenario: below 1.2684, expect 1.2660 and 1.2646.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2676 and 1.2669).

Supports and resistances:

1.2779 **

1.2765 *

1.2751 **

1.2736

1.2705 last

1.2694

1.2684 **

1.2660 *

1.2646 **

USD/JPYUSD/JPY

20240517 20:30

USD/JPY intraday: the downside prevails as long as 156.13 is resistance

Our pivot point stands at 156.13.

Our preference: the downside prevails as long as 156.13 is resistance.

Alternative scenario: above 156.13, look for 156.71 and 157.06.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 155.71 and 155.64).

Supports and resistances:

157.06 **

156.71 *

156.13 **

155.90

155.64 last

154.92

154.57 **

154.23 *

153.88 **

NZD/JPYNZD/JPY

20240517 20:31

NZD/JPY intraday: the upside prevails as long as 95.15 is support

Our pivot point is at 95.15.

Our preference: the upside prevails as long as 95.15 is support.

Alternative scenario: below 95.15, expect 94.77 and 94.55.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95.27 and 95.21).

Supports and resistances:

96.64 **

96.41 *

96.19 **

95.96

95.46 last

95.29

95.15 **

94.77 *

94.55 **

NZD/USDNZD/USD

20240517 20:31

NZD/USD intraday: the upside prevails as long as 0.6112 is support

0.6112 is our pivot point.

Our preference: the upside prevails as long as 0.6112 is support.

Alternative scenario: the downside breakout of 0.6112 would call for 0.6085 and 0.6070.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6119 and 0.6118).

Supports and resistances:

0.6216 **

0.6200 *

0.6184 **

0.6168

0.6134 last

0.6122

0.6112 **

0.6085 *

0.6070 **