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Technical Analysis - 02/08/2016

EURUSD

The EURUSD pair closed on Monday, 1st of August 2016, at 1.11600. A breakout below daily pivot which is 1.11660 will technically lead us to S1 = 1.11492, and later to S2 = 1.11377. Overextension of price will lead us to S3, which is 1.11209. A breakout above daily pivot which is 1.11660 will technically lead us to R1 = 1.11775 and later to R2 = 1.11943. Overextension of price will lead us to R3, which is 1.12058. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Construction PMI
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.11209 1.11377 1.11492 1.11660 1.11775 1.11943 1.12058


USDJPY

The USDJPY pair closed on Monday, 1st of August 2016, at 102.399. A breakout above daily pivot which is 102.354 will technically lead us to R1 = 102.708 and later to R2 = 103.026 Overextension of price will lead us to R3, which is 103.380. A breakout below daily pivot which is 102.354 will technically lead us to S1 = 102.036 and later to S2 = 101.682. Overextension of price will lead us to S3, which is 101.364. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 101.364 101.682 102.036 102.354 102.708 103.026 103.380


GBPUSD

The GBPUSD pair closed on Monday, 1st of August 2016, at 1.31781. A breakout below daily pivot which is 1.32028 will technically lead us to S1 = 1.31344 and later to S2 = 1.30931. Overextension of price will lead us to S3, which is 1.30247. A breakout above daily pivot which is 1.32028 will technically lead us to R1 = 1.32441, and later to R2 = 1.33125. Overextension of price will lead us to R3, which is 1.33538. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.30247 1.30931 1.31344 1.32028 1.32441 1.33125 1.33538


USDCHF

The USDCHF pair closed on Monday, 1st of August 2016, at 0.96799 A breakout below daily pivot which is 0.96822 will technically lead us to S1 = 0.96623 and later to S2 = 0.96432. Overextension of price will lead us to S3, which is 1.96233. A breakout above daily pivot which is 0.96822 will technically lead us to R1 = 0.97013, and later to R2 = 0.97212. Overextension of price will lead us to R3, which is 1.97403. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.96233 0.96432 0.96623 0.96822 0.97013 0.97212 1.97403

Tuesday, 02 Aug, 2016 / 7:26

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Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-02-08-2016

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