Intraday Forex Wednesday, August 5 (USDJPY, EURUSD, & etc.) The dollar was under pressure on Wednesday from a towering euro and crumbling U.S. yields.

[USDJPY]

  • The Japanese yen rose to 105.56 per dollar.
  • Both Stochastic and RSI oscillators entered undervalued ranges.
  • The MACD is trading below its signal line and negative. The configuration is negative.
  • Resistance line of 106.087 and 106.538.
  • Support line of 104.569 and 104.172.
USDJPY

[EURUSD]

  • The euro last sat at $1.181, after twice testing support (double bottom) around $1.17, as focus turns to U.S. private jobs data due later in the day, apart from the stimulus stalemate.
  • Both Stochastic and RSI indicators entered the overbought range of 80 and 70 values, respectively.
  • The MACD is trading above its signal line and positive. The configuration is positive.
  • Resistance line of 1.18786 and 1.20398.
  • Support line of 1.16794 and 1.15182.
EURUSD

[USDCHF]

  • The pair at 0.912 as of now, after hitting new low of 0.9055 last week’s Friday.
  • Stochastic oscillator entered undervalued range of 20.
  • RSI oscillator also flirting towards undervalued range.
  • The MACD is trading above its signal line and negative.above its signal line and positive.
  • Resistance line of 0.92071 and 0.93179.
  • Support line of 0.90702 and 0.89595.
USDCHF

[GBPUSD]

  • The pound, which has shrugged off the dollar’s bounce this week, was steady at $1.308.
  • Stochastic oscillator entered overvalued range of 80.
  • RSI oscillator also flirting towards overvalued range.
  • The MACD is trading above its signal line and positive. The configuration is positive.
  • Resistance line of 1.31647 and 1.32539.
  • Support line of 1.28759 and 1.27867.
GBPUSD

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store