Technical Talk:ZAR/JPY 30-07-2019

ZAR/JPY downside prevails as long as 7.6739 is resistance
Our preference: the downside prevails as long as 7.6739 is resistance.
Alternative scenario: above 7.6739, look for 7.7216 and 7.7499.

Technical Talk:EUR/NZD 25-07-2019

EUR/NZD Continuation opportunity?
Our preference: the upside prevails as long as 1.6600 is support.
Alternative scenario: the downside breakout of 1.6600 would call for 1.6547 and 1.6516.

Comment:
Bearish: Currently we are @ 1.6632 after a corrective pullback. IF we can break the support here,
we are looking for a continuation to the ATR Target @ 1.6542. The overall target is 1.6440.
The average daily true range (ATR) for the pair currently is 93 pips but its 180-day ATR is 114 pips a day.

Technical Talk:AUD/USD 24-07-2019

AUD/USD Analysis: Sets for breakout
Our preference: long positions above 0.6910 with targets at 0.7110 & 0.7200 in extension.Alternative scenario: below 0.6910 look for further downside with 0.6830 & 0.6740 as targets.

During yesterday’s trading session, the Australian Dollar depreciated about 51 base points
against the US Dollar. The currency pair dashed through the weekly S1 at 0.7000.

Currently, the exchange rate is trading near the bottom border of a descending
channel pattern at 0.6979 and could be set for a breakout.

f this breakout occurs, a decline towards the weekly and the
monthly support levels at 0.6961 could be expected.

If the junior descending channel holds, a brief retracement is likely to
occur during the following trading session

Technical Talk:USD/CAD 22-07-2019

USD/CAD retreats to 1.3050 area amid decisive oil recovery
Our preference: short positions below 1.3070 with targets at 1.3030 & 1.3015 in extension.Alternative scenario: above 1.3070 look for further upside with 1.3095 & 1.3110 as targets.

Comment:
Barrel of WTI gains more than 1.5% on Monday.
US Dollar Index stays in green above the 97 handle.
Coming up: Federal Reserve Bank of Chicago’s National Activity Index.
The USD/CAD pair spent the first half of the day moving sideways in the tight 1.3060-70
range but came under modest selling pressure in the last hours as the rising crude oil prices helped the commodity-related
loonie gather strength against its major rivals.
As of writing, the pair was trading at 1.3050, losing 0.07% on a daily basis.

After Iran seized another British oil tanker last Friday, the heightened geopolitical tension in the Middle East revived
concerns over supply disruptions and provided a boost to crude oil prices. As of writing, the barrel of West Texas
Intermediate was trading at $56.75, up 1.85% on a daily basis.

Technical Talk:USD/CAD 15-07-2019

USD/CAD Analysis: Decline likely to continue
Our preference: short positions below 1.3045 with targets at 1.3010 & 1.2990 in extension.Alternative scenario: above 1.3045 look for further upside with 1.3055 & 1.3070 as targets.

Comment:
The US Dollar depreciated about 48 base points against the Canadian Dollar on Friday.The currency pair was pressured south by the 50-hour simple moving average during the previous trading session.

Everything being equal, it is likely that the USD/CAD exchange rate will continue its southern movement within this session.
The potential target will be near the weekly S1 at 1.2983.