Daily analysis of major pairs for July 17, 2017
July 17, 2017 9:34 amVideo
Latest News
- Microsoft reports earnings as AI wars intensify – Stock markets April 23, 2024
- Technical Analysis – Is gold ready for bearish correction? April 23, 2024
- XM and Singapore Red Cross: Stronger Together April 23, 2024
- Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday April 23, 2024. April 23, 2024
- Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 23, 2024. April 23, 2024
- Key events on April 23: fundamental analysis for beginners April 23, 2024
- EUR/USD and GBP/USD: Technical analysis on April 23 April 23, 2024
- Forecast for EUR/USD on April 23, 2024 April 23, 2024
- Forecast for GBP/USD on April 23, 2024 April 23, 2024
- Forecast for USD/JPY on April 23, 2024 April 23, 2024
- Outlook for GBP/USD on April 23. The pound resumed its decline without delay April 23, 2024
- Outlook for EUR/USD on April 23. Boring Monday went off without a hitch April 23, 2024
- Less reason to expect the dollar to weaken April 23, 2024
- The dollar is armed April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
EUR/USD: This pair has been
able to maintain its bullishness so far; though price moved in a zigzag manner.
The pair closed above the support line of 1.1450 on July 14, now targeting the
resistance line at 1.1500 (the initial target for the week). As soon as price exceeds
the resistance line, it would go upwards to target additional resistance lines.
USD/CHF: This market is
neutral in the short term and bearish in the long term. The neutrality in the
market would continue as long as price does not go above the resistance level
at 0.9750; and as long as it does not go below the support level at 0.9550. A
movement above the aforementioned resistance level would result in a bullish
bias, while a movement below the support level at 0.9550 would strengthen the
current bearish bias.
GBP/USD: The GBP/USD pair moved
sideways early last week, and it shot seriously skywards in the last few days
of the week. The distribution territory at 1.3100 has been tested and it would
soon be breached to the upside, for price can move further upwards by 200 pips
this week. The outlook on certain other GBP pairs is also bullish.
USD/JPY: The movement on this
currency trading instrument was bearish last week, and that has become a threat
to the recent bullish bias. Only an upwards movement from here would save the
bullish bias. A movement below the demand level at 111.50 would invalidate the
recent bullish bias, creating a clear “sell” signal. That is the expectation
for this week.
EUR/JPY: The EUR/JPY pair moved
downwards last week, in the context of an uptrend. Price first went upwards to
test the supply zone at 130.50, before it got corrected by 180 pips. The demand
zone at 128.50 has tried to halt further correction, but price may break below
it as it goes further southwards, thus invalidating the uptrend. We should bear in mind that the outlook on JPY pairs is bearish for July.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: