Forex Analytical Reviews

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USD/JPY analysis for July 21, 2017

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 111.26. According to the 4H time frame, the price is still making lower highs and lower lows, which is a sign that sellers...

EUR/USD analysis for July 21, 2017

Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1676. According to the 15M time frame, I found broken yesterday’s high and a successful re-test, which is a sign that selling looks...

NZD/USD Intraday technical levels and trading recommendations for July 21, 2017

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above...

Daily analysis of major pairs for July 21, 2017

EUR/USD: On the EUR/USD pair, bulls are clear winners this week. Price has already gone above the multi-month high at 1.1600 (which was our ultimate target for the week). Since there is a strong Bullish Confirmation Pattern in the market,...

Technical analysis of GBP/JPY for July 21, 2017

Our target which we predicted in yesterday’s analysis has been hit. GBP/JPY is still under pressure. The pair is rebounding and has broken above its declining 20-period moving average. The relative strength index is above its neutrality level at 50....

Global macro overview for 21/07/2017

Global macro overview for 21/07/2017: The dovish comments from Deputy Governor of the Reserve Bank of Australia (RBA) Guy Debelle had an impact on the Australian Dollar. Debelle urged the markets not to read too much into the board’s discussion...

Global macro overview for 21/07/2017

Global macro overview for 21/07/2017: The European Central Bank has left the interest rates unchanged at 0.0% as widely expected. During the press conference, ECB President Mario Draghi said that asset purchases will continue at least through December or until...

Euro and the Pound Remain Favorites

Eurozone Today, the ECB will hold a regular meeting on monetary policy, at the moment heightened uncertainty remains on its outcome. In fact, the ECB has only one crucial reason for refining from completing the easing program. Partial profit-taking before...

Technical analysis of USDX for July 21, 2017

The Dollar index remains in a bearish trend in all time frames. Price made a new lower low today as its main component EUR/USD is rallying. The Dollar index has now reached our second target of 94. Blue lines –...

Technical analysis of gold for July 21, 2017

Gold price held the $1,235 support yesterday and has broken to new short-term highs. Price is trading just below $1,250 and our target of $1,260 is very close. Trend is bullish. Gold price is trading above both the tenkan- and...

Trading plan for 21/07/2017

Trading plan for 21/07/2017: Lower volatility was noted during the Asian session. EUR/USD remains in a narrow daily range just below yesterday’s long-term highs and is currently at 1.1635. GBP/USD is testing a strong resistance at 1.300 level. USD/JPY after...

Fundamental Analysis of CAD/JPY for July 21, 2017

CAD/JPY is currently residing in a corrective volatile structure at the edge of breaking above the resistance level of 86.70. JPY has been quite weak against CAD which is currently came to a stop due to indecision in the market...

Fundamental Analysis of NZD/USD for July 21, 2017

NZD/USD has been in a non-volatile bullish trend recently which is expected to continue further until 0.7500 resistance level is reached in the coming days. Today NZD Visitor Arrivals report showed an increase to 5.1% which previously was -1.4%, as...

Technical analysis of EUR/USD for July 21, 2017

Today, when the Euro Zone and thet US market open, no Economic Data will be released, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1685. Strong...

Technical analysis of USD/JPY for July 21, 2017

In Asia, today both Japan and US market will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.57. Resistance. 2: 112.36....

Fundamental Analysis of EUR/AUD for July 21, 2017

EUR/AUD has shown a bullish impulsive momentum yesterday after the recent bearish trend which took the price towards the support level of 1.4500. Yesterday AUD Employment Change report was published with a decreased figure at 14.0k from the previous figure...

Fundamental Analysis of AUD/USD for July 21, 2017

After a non-volatile bullish trend after breaking above the 0.7750-0.7830 resistance area, AUD/USD has shown some indecision yesterday. Yesterday AUD/USD Employment Change report was published with a decreased figure at 14.0k from the previous value of 38.0k which was expected...

EUR/USD profit target reached perfectly, prepare to sell for a drop

The price has shot up from our buying level yesterday perfectly and reached our profit target once again. We prepare to sell below major resistance at 1.1691 (Fibonacci extension, Elliott wave theory) for a corrective push down to at least...

USD/CHF profit target reached perfectly, prepare to buy again

The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570...

NZD/USD testing resistance, prepare to sell for a corrective drop

The price has risen strongly yesterday. We prepare to sell below 0.7413 resistance (Fibonacci extension, Elliott wave theory, bearish price action) for a push down to at least 0.7334 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is reversing...

GBP/USD approaching support, prepare to buy for a quick bounce

The price is approaching strong support at 1.2929 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect to see a strong bounce above this level to at least 1.3006 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3)...

AUD/JPY forming a very strong reversal signal, remain bearish

The price continues to test major resistance at 89.11 (Fibonacci extension, swing high resistance, bearish divergence) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support)....

USD/JPY right on major support, remain bullish for a bounce from here

The price continues to test our major support at 111.77 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) and we expect a bounce above this level for a push up to at least 114.32 resistance (Fibonacci extension, horizontal...

Technical analysis of USD/CHF for July 21, 2017

Overview: The USD/CHF pair. Pivot: 0.9590. The swissy fell from the level of 0.9665 to bottom at 0.9523. The USD/CHF pair has faced strong support at the level of 0.9523 (the double bottom). Current price is around the spot of...

Technical analysis of NZD/USD for July 21, 2017

Overview: On the one-hour chart, the USD/CHF pair bullish trend from the support levels of 0.7333 and 0.7282. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a...