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Technical Analysis - 27/07/2016

EURUSD

The EURUSD pair closed on Tuesday, 26th of July 2016, at 1.09837. A breakout below daily pivot which is 1.09970 will technically lead us to S1 = 1.09646, and later to S2 = 1.09450. Overextension of price will lead us to S3, which is 1.09126. A breakout above daily pivot which is 1.09970 will technically lead us to R1 = 1.10166 and later to R2 = 1.10490. Overextension of price will lead us to R3, which is 1.10686. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Prelim GDP q/q
12:30 – GMT – USD – Core Durable Goods Orders m/m
14:30 – GMT – USD – Crude Oil Inventories
18:00 – GMT – USD – FOMC Statement
18:00 – GMT – USD – Federal Funds Rate
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09126 1.09450 1.09646 1.09970 1.10166 1.10490 1.10686


USDJPY

The USDJPY pair closed on Tuesday, 26th of July 2016, at 104.625. A breakout below daily pivot which is 104.827 will technically lead us to S1 = 103.771 and later to S2 = 102.930 Overextension of price will lead us to S3, which is 101.874. A breakout above daily pivot which is 104.827 will technically lead us to R1 = 105.668 and later to R2 = 106.724. Overextension of price will lead us to R3, which is 107.565. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 101.874 102.930 103.771 104.827 105.668 106.724 107.565


GBPUSD

The GBPUSD pair closed on Tuesday, 26th of July 2016, at 1.31262. A breakout above daily pivot which is 1.31192 will technically lead us to R1 = 1.31824 and later to R2 = 1.32375. Overextension of price will lead us to R3, which is 1.33007. A breakout below daily pivot which is 1.31192 will technically lead us to S1 = 1.30641, and later to S2 = 1.30009. Overextension of price will lead us to S3, which is 1.29458. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.29458 1.30009 1.30641 1.31192 1.31824 1.32375 1.33007


USDCHF

The USDCHF pair closed on Tuesday, 26th of July 2016, at 0.99193 A breakout above daily pivot which is 0.98950 will technically lead us to R1 = 0.99557 and later to R2 = 0.99878. Overextension of price will lead us to R3, which is 1.00485. A breakout below daily pivot which is 0.98950 will technically lead us to S1 = 0.98629, and later to S2 = 0.98022. Overextension of price will lead us to S3, which is 0.97701. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.97701 0.98022 0.98629 0.98950 0.99557 0.99878 1.00485

Wednesday, 27 Jul, 2016 / 8:00

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Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-27-07-2016

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