Drive confident decisions with simple, actionable trading plans.

GBP/USDGBP/USD

20240424 19:26

GBP/USD intraday: the upside prevails as long as 1.2428 is support

Our pivot point is at 1.2428.

Our preference: the upside prevails as long as 1.2428 is support.

Alternative scenario: the downside breakout of 1.2428 would call for 1.2406 and 1.2393.

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 1.2437 and 1.2446).

Supports and resistances:

1.2519 **

1.2506 *

1.2493 **

1.2480

1.2452 last

1.2437

1.2428 **

1.2406 *

1.2393 **

USD/JPYUSD/JPY

20240424 19:27

USD/JPY intraday: the upside prevails as long as 154.75 is support

Our pivot point stands at 154.75.

Our preference: the upside prevails as long as 154.75 is support.

Alternative scenario: below 154.75, expect 154.32 and 154.07.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 154.98 and 154.88).

Supports and resistances:

156.40 **

156.14 *

155.89 **

155.64

155.13 last

154.91

154.75 **

154.32 *

154.07 **

AUD/JPYAUD/JPY

20240424 21:28

AUD/JPY intraday: above its upper Bollinger band

Our pivot point is at 100.47.

Our preference: the upside prevails as long as 100.47 is support.

Alternative scenario: the downside breakout of 100.47 would call for 100.12 and 99.92.

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 100.69 and 100.64). Finally, the AUD/JPY is trading above its upper Bollinger band (standing at 100.89).

Supports and resistances:

101.97 **

101.77 *

101.56 **

101.36

100.89 last

100.60

100.47 **

100.12 *

99.92 **

AUD/NZDAUD/NZD

20240424 21:29

AUD/NZD intraday: the downside prevails as long as 1.0960 is resistance

1.0960 is our pivot point.

Our preference: the downside prevails as long as 1.0960 is resistance.

Alternative scenario: above 1.0960, look for 1.0970 and 1.0980.

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 price stands below its 20 and 50 period moving average (respectively at 1.0954 and 1.0950).

Supports and resistances:

1.0980 **

1.0970 *

1.0960 **

1.0960

1.0950 last

1.0930

1.0920 **

1.0910 *

1.0900 **

USD/CNHUSD/CNH

20240424 21:29

USD/CNH intraday: as long as 7.2646 is support look for 7.2890

Our pivot point is at 7.2646.

Our preference: as long as 7.2646 is support look for 7.2890.

Alternative scenario: the downside breakout of 7.2646 would call for 7.2558 and 7.2505.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 7.2696 and 7.2637).

Supports and resistances:

7.2995 **

7.2942 *

7.2890 **

7.2837

7.2722 last

7.2680

7.2646 **

7.2558 *

7.2505 **