Technical Analysis - 03/08/2016

EURUSD

The EURUSD pair closed on Tuesday, 2nd of August 2016, at 1.12207. A breakout above daily pivot which is 1.12038 will technically lead us to R1 = 1.12507, and later to R2 = 1.12800. Overextension of price will lead us to R3, which is 1.13269. A breakout below daily pivot which is 1.12038 will technically lead us to S1 = 1.11745 and later to S2 = 1.11276. Overextension of price will lead us to S3, which is 1.10983. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Services PMI
12:15 – GMT – USD – ADP Non-Farm Employment Change
14:00 – GMT – USD – ISM Non-Manufacturing PMI
14:30 – GMT – USD – Crude Oil Inventories
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.10983 1.11276 1.11745 1.12038 1.12507 1.12800 1.13269


USDJPY

The USDJPY pair closed on Tuesday, 2nd of August 2016, at 100.914. A breakout below daily pivot which is 101.465 will technically lead us to S1 = 100.105 and later to S2 = 99.319 Overextension of price will lead us to S3, which is 97.959. A breakout above daily pivot which is 101.465 will technically lead us to R1 = 102.251 and later to R2 = 103.611. Overextension of price will lead us to R3, which is 104.397. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 97.959 99.319 100.105 101.465 102.251 103.611 104.397


GBPUSD

The GBPUSD pair closed on Tuesday, 2nd of August 2016, at 1.33510. A breakout above daily pivot which is 1.32964 will technically lead us to R1 = 1.34220 and later to R2 = 1.34903. Overextension of price will lead us to R3, which is 1.36159. A breakout below daily pivot which is 1.32964 will technically lead us to S1 = 1.32281, and later to S2 = 1.31025. Overextension of price will lead us to S3, which is 1.30342. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.30342 1.31025 1.32281 1.32964 1.34220 1.34903 1.36159


USDCHF

The USDCHF pair closed on Tuesday, 2nd of August 2016, at 0.96442 A breakout below daily pivot which is 0.96553 will technically lead us to S1 = 0.96178 and later to S2 = 0.95953. Overextension of price will lead us to S3, which is 1.95578. A breakout above daily pivot which is 0.96553 will technically lead us to R1 = 0.96778, and later to R2 = 0.97153. Overextension of price will lead us to R3, which is 1.97378. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.95578 0.95953 0.96178 0.96553 0.96778 0.97153 1.97378