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George Ma
in
Forex
May 21 09:12

Dow Jones currency buying recommendations

Technical analysis recommendations from Dow Jones.
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2
Euro / US dollar
RSI shows upward momentum. Long positions above 1.0915 with target levels of 1.0975 and 1.0990 are recommended. Below 1.0915 we wait for a further drop to 1.0900 and 1.0870.
1-month trend: bearish.
US Dollar / JPY
Long positions are recommended above 107.60 with target levels of 108.00 and 108.15 if the growth continues. Below the 107.60 level we wait for a further drop to 107.35 and 107.15, which are our targets.
1-month trend: range
GBP / US dollar
Technically, RSI is above the neutral area at 50. Long positions above 1.2230 with target levels 1.2295 and 1.2325 are recommended. Below 1.2230 we wait for further declines to 1.2200 and 1.2180, which are our targets.
1-month trend: bearish
US Dollar / Swiss Franc
RSI is bearish and requires further reduction. Short positions below 0.9715 are recommended with target levels of 0.9675 and 0.9660 in case of expansion. Above 0.9715 expect further growth to 0.9730 and 0.9745, which are our targets.
1-month trend: bullish
Euro / GBP
The RSI is 50 above the neutral area. MACD is above the signal line and negative. MACD must break above its zero level to provoke further growth. Moreover, the pair trades above 20 MA (0.8917) but below 50 MA (0.8928). A breakdown of 0.8898 will cause the pair to fall to 0.8868 and 0.8850.
1-month trend: bullish
Euro / yen
RSI is above 50. MACD is positive and above the signal line. The configuration is positive. Moreover, the pair trades above its 20 and 50 moving averages (by 117.84 and 117.76 respectively). It is assumed that an uptrend prevails, while 117.62 is a support. Below 117.62 we expect the pair to fall to 117.22 and 116.98.
1-month trend: bearish
Euro / Swiss franc
RSI is below 50. MACD is negative and above the signal line. Moreover, the pair is below its 20 and 50 MA (by 1.0614 and 1.0622 respectively). We suggest the rebound to 1.0642. Below 1.0601 we expect the pair to fall to 1.0585 and 1.0576.
1-month trend: bullish
Australian dollar / US dollar
Long positions above 0.6520 with target points 0.6565 and 0.6585 are recommended. Below 0.6520 we wait for a further drop to 0.6505 and 0.6475, which are our targets.
1 month trend: bearish.