Technical Analysis - 19/07/2016

EURUSD

The EURUSD pair closed on Monday, 18th of July 2016, at 1.10739. A breakout above daily pivot which is 1.10650 will technically lead us to R1 = 1.10932, and later to R2 = 1.11119. Overextension of price will lead us to R3, which is 1.11401. A breakout below daily pivot which is 1.10650 will technically lead us to S1 = 1.10463 and later to S2 = 1.10181. Overextension of price will lead us to S3, which is 1.09994. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – CPI y/y
09:00 – GMT – EUR – German ZEW Economic Sentiment
12:30 – GMT – USD – Building Permits
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09994 1.10181 1.10463 1.10650 1.10932 1.11119 1.11401


USDJPY

The USDJPY pair closed on Monday, 18th of July 2016, at 105.457. A breakout below daily pivot which is 105.888 will technically lead us to S1 = 105.518 and later to S2 = 104.895 Overextension of price will lead us to S3, which is 104.525. A breakout above daily pivot which is 105.888 will technically lead us to R1 = 106.511 and later to R2 = 106.881. Overextension of price will lead us to R3, which is 107.504. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 104.525 104.895 105.518 105.888 106.511 106.881 107.504


GBPUSD

The GBPUSD pair closed on Monday, 18th of July 2016, at 1.32539. A breakout above daily pivot which is 1.32512 will technically lead us to R1 = 1.33162 and later to R2 = 1.33789. Overextension of price will lead us to R3, which is 1.34439. A breakout below daily pivot which is 1.32512 will technically lead us to S1 = 1.31885, and later to S2 = 1.31235. Overextension of price will lead us to S3, which is 1.30608. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.30608 1.31235 1.31885 1.32512 1.33162 1.33789 1.34439


USDCHF

The USDCHF pair closed on Monday, 18th of July 2016, at 0.98234 A breakout below daily pivot which is 0.98264 will technically lead us to S1 = 0.98066 and later to S2 = 0.97897. Overextension of price will lead us to S3, which is 1.97699. A breakout above daily pivot which is 0.98264 will technically lead us to R1 = 0.98433, and later to R2 = 0.98631. Overextension of price will lead us to R3, which is 0.98800. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.97699 0.97897 0.98066 0.98264 0.98433 0.98631 0.98800