Technical Analysis - 21/07/2016

EURUSD

The EURUSD pair closed on Wednesday, 20th of July 2016, at 1.10112. A breakout above daily pivot which is 1.10076 will technically lead us to R1 = 1.10345, and later to R2 = 1.10565. Overextension of price will lead us to R3, which is 1.10834. A breakout below daily pivot which is 1.10076 will technically lead us to S1 = 1.09856 and later to S2 = 1.09587. Overextension of price will lead us to S3, which is 1.09367. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Retail Sales m/m
11:45 – GMT – EUR – Minimum Bid Rate
12:30 – GMT – EUR – ECB Press Conference
12:30 – GMT – USD – Pilly Fed Manufacturing Index
12:30 – GMT – USD – Unemployment Claims
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09367 1.09587 1.09856 1.10076 1.10345 1.10565 1.10834


USDJPY

The USDJPY pair closed on Wednesday, 20th of July 2016, at 106.849. A breakout above daily pivot which is 106.566 will technically lead us to R1 = 107.311 and later to R2 = 107.759 Overextension of price will lead us to R3, which is 108.504. A breakout below daily pivot which is 106.566 will technically lead us to S1 = 106.118 and later to S2 = 105.373. Overextension of price will lead us to S3, which is 104.925. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 104.925 105.373 106.118 106.566 107.311 107.759 108.504


GBPUSD

The GBPUSD pair closed on Wednesday, 20th of July 2016, at 1.32028. A breakout above daily pivot which is 1.31654 will technically lead us to R1 = 1.32671 and later to R2 = 1.33277. Overextension of price will lead us to R3, which is 1.34294. A breakout below daily pivot which is 1.31654 will technically lead us to S1 = 1.31048, and later to S2 = 1.30031. Overextension of price will lead us to S3, which is 1.29425. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.29425 1.30031 1.31048 1.31654 1.32671 1.33277 1.34294


USDCHF

The USDCHF pair closed on Wednesday, 20th of July 2016, at 0.98700 A breakout below daily pivot which is 0.98749 will technically lead us to S1 = 0.98464 and later to S2 = 0.98212. Overextension of price will lead us to S3, which is 0.97927. A breakout above daily pivot which is 0.98749 will technically lead us to R1 = 0.99001, and later to R2 = 0.99286. Overextension of price will lead us to R3, which is 0.99538. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.97927 0.98212 0.98464 0.98749 0.99001 0.99286 0.99538