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Technical Analysis 23/07/2014

EURO shut lower on Tuesday and underneath June’s low as it amplifies the decrease off this current month’s high. The lowrange close sets the stage for an unfaltering to lower opening when Wednesday’s night session starts exchanging. Stochastics and the RSI stay unbiased to bearish indicating that sideways to lower costs are conceivable nearterm. On the off chance that it grows this current month’s decay, the half retracement level of the 20132014rally intersection is the following drawback target. Closes over the 20day moving normal intersection would affirm that a low has been posted.

eur usd8 Technical Analysis   23 07 2014

THE YEN shut higher on Tuesday. Tuesday’s midrange close sets the stage for an enduring opening when Wednesday’s night session starts exchanging. Stochastics and the RSI are turning nonpartisan to bullish indicating that a shortterm base may be in or is close. Closes over the response high intersection would affirm that a shortterm bottom has been posted. In the event that it restores the rally off June’s low, July’s high intersection is the following upside target. On the off chance that it augments the decrease off June’s high, May’s low intersection is the following drawback target.

usd jtp Technical Analysis   23 07 2014

THE SWISS FRANC shut higher on Tuesday and is testing safety checked by June’s high. The highrange close sets the stage for a relentless to higher opening when Wednesday’s night session starts exchanging. Stochastics and the RSI stay unbiased to bullish indicating that sideways to higher costs are conceivable nearterm. In the event that it expands the rally off July’s low, the 38% retracement level of the 20132014decline intersection is the following upside target. Closes underneath the 20day moving normal intersection would affirm that a shortterm high has been posted.

usd jpy8 Technical Analysis   23 07 2014

STERLING shut lower on Tuesday. The midrange close sets the stage for a consistent to lower opening when Wednesday’s night session starts exchanging. Stochastics and the RSI are nonpartisan to bearish indicating that sideways to lower costs are conceivable nearterm. On the off chance that it expands the decay off a week ago’s high, the response low intersection is the following drawback target. On the off chance that it reestablishes the rally off May’s low, month to month safety intersection is the following upside target.

gbp usd8 Technical Analysis   23 07 2014

Please be advised that despite all efforts by CommexFX to provide the client with real-time and accurate data, there may be times when this is not possible. All CFDs and FX prices are not provided solely by exchange, but by market makers, so the prices are expected to differ from the actual market price, meaning prices are only indicative and not appropriate for trading purposes. CommexFX wishes to accentuate that it will not be held liable for any trading losses incurred as a result of using the data provided.

Wednesday, 23 Jul, 2014 / 8:59

Source : http://www.commexfx.com/technical-analysis-23-07-2014/

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