Daily trading forecasts for July 3, 2013
July 3, 2013 6:45 amVideo
Latest News
- Analysis of EUR/USD on May 8th. Euro aims for the 1.5 figure May 8, 2024
- Analysis of GBP/USD on May 8th. The pound hits an important level May 8, 2024
- USD/JPY: Simple Trading tips for novice traders on May 8th (US session) May 8, 2024
- GBP/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- EUR/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA – 2/8 Murray) May 8, 2024
- GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471 May 8, 2024
- EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement May 8, 2024
- EUR/USD. May 8th. The market continues to rest against the background of an empty calendar May 8, 2024
- Technical Analysis – USDCAD enjoys renewed strength May 8, 2024
- Technical Analysis – US 500 index advances towards all-time high May 8, 2024
- GBP/USD. May 8th. The pound does not expect a rate cut by the Bank of England May 8, 2024
- Video market update for May 08, 2024 May 8, 2024
- Technical Analysis – EURJPY flirts with 167.00 again May 8, 2024
- Technical Analysis – WTI oil futures restart downtrend May 8, 2024
- Forex forecast 05/08/2024: EUR/USD, Oil, Gold and SP500 from Sebastian Seliga May 8, 2024
- Technical Analysis – GBPUSD pulls back after testing 50-day SMA May 8, 2024
- Market Comment – US dollar recovers, stocks’ rally stalls as market tries to find its footing May 8, 2024
- USD/JPY: trading tips for beginners for European session on May 8 May 8, 2024
- Weekly Technical Outlook: 08/05/2024 – USDJPY, GBPUSD, USDCAD May 8, 2024
EUR/USD: EUR/USD has continued going downwards – testing new lows. This time around, the new low to be tested is the support line at 1.2900, after it has breached the support line at 1.2950 to the downside. However, this could come with some bullish threats, which could be temporary in nature.
USD/CHF: This pair has continued to move further upwards in a slow and steady manner. It is currently trading above the price level at 0.9500, therefore targeting the new resistance level at 0.9600, after it would have crossed the price level at 0.9550 to the upside. There could be some transitory southward pulls along the way.
GBP/USD: It is now clear that the supposed optimism surrounding the Cable cannot even help it. This instrument has fallen by more than 400 pips since the last month, and has continued to do so, with this kind of scenario, it is better to seek short trades only. The accumulation territory at 1.5100 is the next target.
USD/JPY: In what is called a vivid Bullish Confirmation pattern, USD/JPY has gone upwards by roughly more than 140 pips in this week, breaking the important psychological demand level at 100.00 to the upside. The pair does not show any sign of relenting; and therefore, it would continue going upwards.
EUR/JPY: In tandem with other JPY pairs, the weak EUR itself has been going upwards. This is possible because EUR happens to be stronger than JPY at the moment (the yen is weaker indeed). There is a conspicuous northward bias in the chart, and the next target that could be tested is the supply zone at 131.00. It was tested once and it could be retested.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: