Daily analysis of major pairs for July 1, 2015
July 1, 2015 8:00 amVideo
Latest News
- EUR/USD. June 4th. Chance favored the bulls again June 4, 2024
- Forecast of GBP/USD pair on June 4, 2024 June 4, 2024
- Volatility ticks up in commodity and stock markets – Volatility Watch June 4, 2024
- Market Comment – Market craves for weaker US data June 4, 2024
- Dollar traders lock gaze on NFP report – Preview June 4, 2024
- Technical Analysis – GBPUSD surges to fresh 2-month high June 4, 2024
- EUR/USD and GBP/USD: Technical analysis on June 4 June 4, 2024
- Technical Analysis – EURJPY pulls back from 170.80 June 4, 2024
- Trading plan for GBP/USD on June 4. Simple tips for beginners June 4, 2024
- Trading plan for EUR/USD on June 4. Simple tips for beginners June 4, 2024
- Forecast for EUR/USD on June 4, 2024 June 4, 2024
- Forecast for GBP/USD on June 4, 2024 June 4, 2024
- Forecast for USD/JPY on June 4, 2024 June 4, 2024
- Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday June 04, 2024. June 4, 2024
- Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday June 04, 2024. June 4, 2024
- Overview of GBP/USD on June 4. The US ISM index failed miserably June 4, 2024
- Overview of EUR/USD on June 4. ECB meeting – “pseudo-key” event of the week June 4, 2024
- CFTC report: dollar remains under pressure June 4, 2024
- Technical Analysis – Are there any bullish signals in the US 500 index? June 3, 2024
- Analysis of GBP/USD pair on June 3rd. The British pound could not help but take advantage of the situation June 3, 2024
EUR/USD: This
currency trading instrument is currently volatile; though a closer look would
reveal that the dominant bias is bearish. This would hold as long as the
resistance line at 1.1300 is intact. More selling pressure may enable the price
to reach the support lines that were first tested this week as a result of the
gap-down that occurred at the market open.
USD/CHF: This
week has been characterized by a deadly struggle between the bull and the bear
with bull gaining the upper hand. The price could continue going further
upwards, especially as the EUR/USD pair is weakening further. The price may test the
resistance levels at 0.9400 and 0.9450.
GBP/USD: The GBP/USD pair is moving sideways in spite of a fact that other majors are showing high volatility. The price is moving sideways this week, but there is bound to be a breakout this week or next. Either the price would close above the distribution territory at 1.5800, or it can close below the accumulation territory at 1.5650. A close below the accumulation territory at 1.5650 is more likely.
USD/JPY: There is
a sell signal on this pair. The price is below the EMA 56 and the RSI period
14 is below the level of 50 showing a clean Bearish Confirmation Pattern in the
chart. The pair is expected to become weaker this month. So,
a long trade is currently not advisable here. The next target for bears is
at the demand level of 121.50.
EUR/JPY: This
cross has remained volatile. However, it is more likely that the price would trend downwards this week
or next. That is the outlook for the market.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: