Daily analysis of major pairs for July 26, 2016
July 26, 2016 12:36 amVideo
Latest News
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
EUR/USD: This pair made a faint
effort to go upwards yesterday, but nothing has really changed. There is a
“sell” signal on the 4-hour chart, and there is a high probability that the price
would go further downwards this week, especially in the face of expected
stamina in USD, which would aid bears.
USD/CHF: The USD/CHF has been
able to maintain its bullishness. There is a Bullish Confirmation Pattern on
the chart, and further upwards movement is possible. The price has gone above the
support level at 0.9850, testing the resistance level at 0.9900. Despite
several bullish attacks, the resistance level is yet to be broken to the
upside. However, that objective could be realized this week.
GBP/USD: The Cable traded sideways last week, not going
above the distribution territory at 1.3400, nor going below the accumulation
territory at 1.2950. This stance has not changed this week. This has caused the
bias to become neutral in the near term. But there could be a breakout this
week or next, which would push the price above or below the aforementioned
accumulation and distribution territories.
USD/JPY: This currency trading
instrument is showing a sign of weakness – something that could jeopardize the existing
bullish bias – especially in the face of the expected weakness in JPY pairs
this week. Further downwards movement is a possibility, and this can eventually
lead to a Bearish Confirmation Pattern on the chart.
EUR/JPY: There are mixed signal
on this cross. It consolidated to the downside yesterday, but things have not
gone completely bearish. That expectation could come to fruition this week;
owing to a possible weakness in JPY pairs. Thus, bears might be able to target
the demand zones at 116.00, 115.50, and 115.00 this week.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: