Forex Technical Major Pairs analysis July 12, 2018

as informed in Traders better stick to the short position rather than a long position as EUR/USD has not print any higher high on the chart. Today critical level to watch:Support: 1.3100, 1.3000Resistance: 1.3250, 1.3300, 1.3330USD/JPYUSD/JPY finally launch above the triangle pattern and confirm the long-term bullish trend. Today critical level to watch:Support: 111.00, 110.50Resistance: 112.50AUD/USDNo bullish turn Yesterday and the bear managed to close the pair inside the green box. It is losing a battle for the bull and AUD/USD expected to continue its downward movement toward the bottom of the green box. Outlook turns sideways in the green box, but has higher chance to grow into a full-scale bearish trend.

ATFX Forex market update: July 12, 2018

ATFX Forex market update: July 12, 2018The following guest post is courtesy of Ramy Abouzaid, Head of Research at ATFX, UAE. That has provided a level of support to both the yen and U.S. Treasuries, aiding them somewhat. The USDCNH pair is now very close to the 6.7333 level, which was last recorded on July 3, 2018 when tensions started to increase. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. AT Financial Market Ltd (ADGM) is regulated by the Financial Services Regulatory Authority, FSRA Permission Number 170006.

Forex Trading: NZDUSD Technical Analysis – July 12, 2018

according to The technical bias shall remain bearish because of a lower low in the recent downside move. NZD/USD Technical AnalysisAs of this writing, the pair is being traded around 0.6757. The technical bias shall remain bearish as long as the 0.7500 resistance area is intact. New Zealand Business ConfidenceNew Zealand business confidence hit a seven-year low in June as cost pressures weigh on profitability and the downbeat sentiment is beginning to impact on future planning. The expected easing in demand point to softer economic growth in the second half of 2018, according to NZIER.

collected by :John Locas