Technical Analysis - 14/07/2016

EURUSD

The EURUSD pair closed on Wednesday, 13th of July 2016, at 1.10864. A breakout above daily pivot which is 1.10832 will technically lead us to R1 = 1.11250, and later to R2 = 1.11616. Overextension of price will lead us to R3, which is 1.12034. A breakout below daily pivot which is 1.10832 will technically lead us to S1 = 1.10466 and later to S2 = 1.10048. Overextension of price will lead us to S3, which is 1.09682. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

11:00 – GMT – CAD – MPC Official Bank Rate Votes
11:00 – GMT – CAD – Monetary Policy Summary
11:00 – GMT – CAD – Official Bank Rate
12:30 – GMT – USD – PPI m/m
12:30 – GMT – USD – Unemployment Claims
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09682 1.10048 1.10466 1.10832 1.11250 1.11616 1.12034


USDJPY

The USDJPY pair closed on Wednesday, 13th of July 2016, at 104.366. A breakout below daily pivot which is 104.413 will technically lead us to S1 = 103.955 and later to S2 = 103.442 Overextension of price will lead us to S3, which is 102.984. A breakout above daily pivot which is 104.413 will technically lead us to R1 = 104.926 and later to R2 = 105.384. Overextension of price will lead us to R3, which is 105.897. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 102.984 103.442 103.955 104.413 104.926 105.384 105.897


GBPUSD

The GBPUSD pair closed on Wednesday, 13th of July 2016, at 1.31425. A breakout below daily pivot which is 1.32041 will technically lead us to S1 = 1.30725 and later to S2 = 1.30005. Overextension of price will lead us to S3, which is 1.28689. A breakout above daily pivot which is 1.31694 will technically lead us to R1 = 1.32761, and later to R2 = 1.34077. Overextension of price will lead us to R3, which is 1.34797. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.28689 1.30005 1.30725 1.32041 1.32761 1.34077 1.34797


USDCHF

The USDCHF pair closed on Wednesday, 13th of July 2016, at 0.98478 A breakout below daily pivot which is 0.98556 will technically lead us to S1 = 0.98176 and later to S2 = 0.97828. Overextension of price will lead us to S3, which is 1.97448. A breakout above daily pivot which is 0.98556 will technically lead us to R1 = 0.98904, and later to R2 = 0.99284. Overextension of price will lead us to R3, which is 0.99632. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.97448 0.97828 0.98176 0.98556 0.98904 0.99284 0.99632