
Will the ECB disturb the waters?
· ECB unlikely to rock euro – resilient economy vs higher yields [...]
EURUSD
The EURUSD pair closed on Thursday, 21th of July 2016, at 1.10249. A breakout above daily pivot which is 1.10210 will technically lead us to R1 = 1.10633, and later to R2 = 1.11017. Overextension of price will lead us to R3, which is 1.11440. A breakout below daily pivot which is 1.10210 will technically lead us to S1 = 1.09826 and later to S2 = 1.09403. Overextension of price will lead us to S3, which is 1.09019. Exponential moving average of 21 periods indicates a bullish price movement.
Important Economic News
08:30 – GMT – GBP – Manufacturing PMI
08:30 – GMT – GBP – Services PMI
12:30 – GMT – CAD – Core retail Sales m/m
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09019 1.09403 1.09826 1.10210 1.10633 1.11017 1.11440
USDJPY
The USDJPY pair closed on Thursday, 21th of July 2016, at 105.816. A breakout below daily pivot which is 106.233 will technically lead us to S1 = 104.982 and later to S2 = 104.164 Overextension of price will lead us to S3, which is 102.913. A breakout above daily pivot which is 106.233 will technically lead us to R1 = 107.051 and later to R2 = 108.302. Overextension of price will lead us to R3, which is 109.120. Exponential moving average of 21 periods indicates a bearish price movement.
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 102.913 104.164 104.982 106.233 107.051 108.302 109.120
GBPUSD
The GBPUSD pair closed on Thursday, 21th of July 2016, at 1.32224. A breakout above daily pivot which is 1.32188 will technically lead us to R1 = 1.32831 and later to R2 = 1.33381. Overextension of price will lead us to R3, which is 1.34024. A breakout below daily pivot which is 1.32188 will technically lead us to S1 = 1.31638, and later to S2 = 1.30995. Overextension of price will lead us to S3, which is 1.30445. Exponential moving average of 21 periods indicates a bearish price movement.
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.30445 1.30995 1.31638 1.32188 1.32831 1.33381 1.34024
USDCHF
The USDCHF pair closed on Thursday, 21th of July 2016, at 0.98558 A breakout below daily pivot which is 0.98674 will technically lead us to S1 = 0.98289 and later to S2 = 0.98011. Overextension of price will lead us to S3, which is 0.97626. A breakout above daily pivot which is 0.98674 will technically lead us to R1 = 0.98952, and later to R2 = 0.99337. Overextension of price will lead us to R3, which is 0.99615. Exponential moving average of 21 periods indicates a bearish price movement.
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.97626 0.98011 0.98289 0.98674 0.98952 0.99337 0.99615
Friday, 22 Jul, 2016 / 7:19
Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-22-07-2016
Will the ECB disturb the waters?
· ECB unlikely to rock euro – resilient economy vs higher yields [...]
VERIZON SHARES SLIDE EVEN AFTER UPBEAT PROFIT
Verizon reported a strong start to the year, with a solid operational [...]
Can the Bank of Canada pull off a ‘cautious’ tapering?
· Bank of Canada likely to scale down its vast QE program today [...]