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Technical Analysis - 20/07/2016

EURUSD

The EURUSD pair closed on Tuesday, 19th of July 2016, at 1.10194. A breakout below daily pivot which is 1.10327 will technically lead us to S1 = 1.09856, and later to S2 = 1.09522. Overextension of price will lead us to S3, which is 1.09051. A breakout above daily pivot which is 1.10327 will technically lead us to R1 = 1.10661 and later to R2 = 1.11132. Overextension of price will lead us to R3, which is 1.11466. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Average Earnings Index 3m/y
08:30 – GMT – GBP – Claimant Count Change
14:30 – GMT – USD – Crude Oil Inventories
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09051 1.09522 1.09856 1.10327 1.10661 1.11132 1.11466


USDJPY

The USDJPY pair closed on Tuesday, 19th of July 2016, at 106.038. A breakout below daily pivot which is 106.096 will technically lead us to S1 = 105.665 and later to S2 = 105.209 Overextension of price will lead us to S3, which is 104.778. A breakout above daily pivot which is 106.096 will technically lead us to R1 = 106.552 and later to R2 = 106.983. Overextension of price will lead us to R3, which is 107.439. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 104.778 105.209 105.665 106.096 106.552 106.983 107.439


GBPUSD

The GBPUSD pair closed on Tuesday, 19th of July 2016, at 1.31085. A breakout below daily pivot which is 1.31511 will technically lead us to S1 = 1.30294 and later to S2 = 1.29512. Overextension of price will lead us to S3, which is 1.28295. A breakout above daily pivot which is 1.31511 will technically lead us to R1 = 1.32293, and later to R2 = 1.33510. Overextension of price will lead us to R3, which is 1.34292. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.28295 1.29512 1.30294 1.31511 1.32293 1.33510 1.34292


USDCHF

The USDCHF pair closed on Tuesday, 19th of July 2016, at 0.98546 A breakout above daily pivot which is 0.98485 will technically lead us to R1 = 0.988827 and later to R2 = 0.99114. Overextension of price will lead us to R3, which is 1.99456. A breakout below daily pivot which is 0.98485 will technically lead us to S1 = 0.98198, and later to S2 = 0.97856. Overextension of price will lead us to S3, which is 0.97569. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.97569 0.97856 0.98198 0.98485 0.988827 1.99456 0.99456

Wednesday, 20 Jul, 2016 / 7:56

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Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-20-07-2016

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