ATFX Forex market update: July 18, 2018

according to ATFX Forex market update: July 18, 2018The following guest post is courtesy of ATFX Chief Analyst of Asia Pacific, Martin Lam. Then evaluate the rate of interest rate hikes in December. Focusing on US ElA crude oil inventory data in the evening will affect the development of crude oil prices. US crude oil futures68.40/68.75 resistance67.05/66.65 supportThe US EIA crude oil inventory report will be released tonight . Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex.

Forex Technical Major Pairs analysis July 18, 2018

In front of the Senate, Jerome Powell made it clear The Fed plans to raise rate once each three months. The market is expecting a hawkish comment from Jerome Powell testimony. Today critical level to watch:Support: 1.3000Resistance: 1.3100, 1.3250, 1.3300USD/JPYUSD/JPY surpass 112.50 and continue its climb to 113.20. Today critical level to watch:Support: 112.50, 111.00, 110.50Resistance: 113.00, 113.20AUD/USDAUD/USD traded lower, joining other dollar counterparts down. Today critical level to watch:Support: 0.7330Resistance: 0.7400, 0.7500

Forex Trading: AUDUSD Technical Analysis – July 18, 2018

as declared in The technical bias shall remain bearish because of a lower low in the recent downside move. AUD/USD Technical AnalysisAs of this writing, the pair is being traded around 0.7351 . The technical bias shall remain bearish as long as the 0.8024 resistance area is intact. The Reserve Bank left rates on hold at 1.5 per cent. Trade IdeaConsidering the overall technical and fundamental outlook, buying the pair around current levels may be a good strategy in short to medium term.

collected by :John Locas