Drive confident decisions with simple, actionable trading plans.

Drive confident decisions with simple, actionable trading plans.

CWG and Trading Central launched The Analyst Views is the world’s only financial market research solution offering the unique and invaluable combination of senior analyst expertise and automated algorithms. Our proprietary pattern recognition is constantly monitoring the market to offer you trading plans based on award-winning methodologies.

AUD/JPYAUD/JPY

20240711 22:36

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AUD/JPY intraday: the RSI is oversold

Our pivot point stands at 107.09.

Our preference: rebound towards 107.92.

Alternative scenario: the downside breakout of 107.09 would call for 106.78 and 106.60.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 107.66 and 108.57).

Supports and resistances:

108.28 **

108.10 *

107.92 **

107.73

107.34 last

107.21

107.09 **

106.78 *

106.60 **

AUD/NZDAUD/NZD

20240711 22:37

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AUD/NZD intraday: rebound towards 1.1120

1.1070 is our pivot point.

Our preference: rebound towards 1.1120.

Alternative scenario: the downside breakout of 1.1070 would call for 1.1050 and 1.1040.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1087 and 1.1090).

Supports and resistances:

1.1140 **

1.1130 *

1.1120 **

1.1110

1.1087 last

1.1080

1.1070 **

1.1050 *

1.1040 **

USD/CNHUSD/CNH

20240711 22:37

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USD/CNH intraday: rebound towards 7.2767

Our pivot point is at 7.2621.

Our preference: rebound towards 7.2767.

Alternative scenario: the downside breakout of 7.2621 would call for 7.2568 and 7.2536.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 7.2684 and 7.2794).

Supports and resistances:

7.2830 **

7.2798 *

7.2767 **

7.2735

7.2665 last

7.2642

7.2621 **

7.2568 *

7.2536 **

EUR/AUDEUR/AUD

20240711 22:38

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EUR/AUD intraday: the upside prevails as long as 1.6054 is support

Our pivot point is at 1.6054.

Our preference: the upside prevails as long as 1.6054 is support.

Alternative scenario: the downside breakout of 1.6054 would call for 1.6029 and 1.6013.

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 above its 20 and 50 period moving average (respectively at 1.6062 and 1.6050).

Supports and resistances:

1.6157 **

1.6141 *

1.6126 **

1.6111

1.6080 last

1.6064

1.6054 **

1.6029 *

1.6013 **

GBP/AUDGBP/AUD

20240711 22:39

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GBP/AUD intraday: the upside prevails as long as 1.9074 is support

Our pivot point stands at 1.9074.

Our preference: the upside prevails as long as 1.9074 is support.

Alternative scenario: below 1.9074, expect 1.9037 and 1.9015.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9076 and 1.9052).

Supports and resistances:

1.9218 **

1.9196 *

1.9174 **

1.9152

1.9107 last

1.9089

1.9074 **

1.9037 *

1.9015 **

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