Technical Analysis - 05/07/2016

EURUSD

The EURUSD pair closed on Monday, 4th of July 2016, at 1.11513. A breakout above daily pivot which is 1.11364 will technically lead us to R1 = 1.11755, and later to R2 = 1.11980. Overextension of price will lead us to R3, which is 1.12371. A breakout below daily pivot which is 1.11364 will technically lead us to S1 = 1.11139 and later to S2 = 1.10748. Overextension of price will lead us to S3, which is 1.10523. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Services PMI
10:00 – GMT – GBP – BOE Gov Carney Speaks
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.10523 1.10748 1.11139 1.11364 1.11755 1.11980 1.12371


USDJPY

The USDJPY pair closed on Monday, 4th of July 2016, at 102.527. A breakout below daily pivot which is 102.578 will technically lead us to S1 = 102.358 and later to S2 = 102.196 Overextension of price will lead us to S3, which is 101.976. A breakout above daily pivot which is 102.578 will technically lead us to R1 = 102.740, and later to R2 = 102.960. Overextension of price will lead us to R3, which is 103.122. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 101.976 102.196 102.358 102.578 102.740 102.960 103.122


GBPUSD

The GBPUSD pair closed on Monday, 4th of July 2016, at 1.32817. A breakout below daily pivot which is 1.32884 will technically lead us to S1 = 1.32366 and later to S2 = 1.31881. Overextension of price will lead us to S3, which is 1.31363. A breakout above daily pivot which is 1.32884 will technically lead us to R1 = 1.33369, and later to R2 = 1.33887. Overextension of price will lead us to R3, which is 1.34372. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.31363 1.31881 1.32366 1.32884 1.33369 1.33887 1.34372


USDCHF

The USDCHF pair closed on Monday, 4th of July 2016, at 0.97019 A breakout below daily pivot which is 0.97209 will technically lead us to S1 = 0.96840 and later to S2 = 0.96648. Overextension of price will lead us to S3, which is 1.96279. A breakout above daily pivot which is 0.97209 will technically lead us to R1 = 0.97401, and later to R2 = 0.97770. Overextension of price will lead us to R3, which is 0.97962. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.96279 0.96648 0.96840 0.97209 0.97401 0.97770 0.97962