USDX (USD Index)The upward movement of the U.S dollar index reached a level near 95.50 and reversed to close near 95.00. On the other hand, a close below 95.00 could lead the index down to test 94.00 again. Today critical level to watch:Support: 1.1600, 1.1580, 1.1500Resistance: 1.1650, 1.1710, 1.1820GBP/USDGBP/USD bounced from a level near 1.3000 and the bottom of its bearish channel. Today critical level to watch:Support: 1.3000Resistance: 1.3100, 1.3250, 1.3300USD/JPY113.20 is the temporary top for USD/JPY, the pair currently sloping down to test 112.50 breakout point. Today critical level to watch:Support: 0.7330Resistance: 0.7400, 0.7500
Forex Trading: GBPUSD Technical Analysis – July 20, 2018
The technical bias remains bearish because of the lower high in the recent upside move. GBP/USD Technical AnalysisAs of this writing, the pair is being traded around 1.3105 A support can be noted near 1.3100, a psychological level ahead of 1.3055, the horizontal support level and then 1.2953, another major horizontal support as demonstrated in the given below chart. On the upside, a resistance can be noted around 1.3643, an immediate trendline resistance level ahead of 1.4000, a major psychological number and then 1.4342, the confluence of a horizontal and trendline resistance as demonstrated in the given below chart. The technical bias shall remain bearish unless the 1.4000 resistance level is broker. The downgrade to first-quarter growth reflected weaker consumer spending and a smaller inventory build than the government had estimated last month.
Forex Technical Major Pairs analysis July 20, 2018
as informed in Today, there is a possibility the index has tested and bounced from 95.00 support level. Without any change in direction, we expect EUR/USD to continue trading inside the green box lower part between 1.1580 -1.1640. Today critical level to watch:Support: 1.1600, 1.1580, 1.1500Resistance: 1.1650, 1.1710, 1.1820GBP/USDNo bounce from 1.3300 and the bottom of channel yet. The pair moved down to a level near 112.00 as expected and found support near it. Without any change in the trend, we might see AUD/USD hanging near the top of the green box next week.Forex Trading: USDJPY Technical Analysis – July 19, 2018
The technical bias shall remain bullish as long as the 107.55 support level is intact. Japan Tertiary Activity IndexJapan's tertiary activity index increased for the second straight month in May, though marginally, data from the Ministry of Economy, Trade and Industry showed Wednesday. The tertiary activity index edged up 0.1 percent month-over-month in May, following a 1.0 percent rise in April. On a yearly basis, the tertiary activity index climbed 1.2 percent in May after a 1.3 percent rise in the prior month. Trade IdeaConsidering the overall technical and fundamental outlook, selling the USDJPY pair near current levels appears to be a good strategy in short to medium term.
إرسال تعليق