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Technical Analysis - 06/07/2016

EURUSD

 

The EURUSD pair closed on Tuesday, 5th of July 2016, at 1.10679. A breakout below daily pivot which is 1.11073 will technically lead us to S1 = 1.10289, and later to S2 = 1.09830. Overextension of price will lead us to S3, which is 1.09046. A breakout above daily pivot which is 1.11073 will technically lead us to R1 = 1.11532 and later to R2 = 1.12316. Overextension of price will lead us to R3, which is 1.12775. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

  • 12:30 – GMT – CAD – Trade Balance
  • 14:00 – GMT – USD – ISM Non-Manufacturing PMI
  • 18:00 – GMT – USD – FOMC Meeting Minutes

Pivot Point 1 Hour

 

  S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.09046 1.09830 1.10289 1.11073 1.11532 1.12316 1.12775


USDJPY

 

The USDJPY pair closed on Tuesday, 5th of July 2016, at 101.677. A breakout below daily pivot which is 101.913 will technically lead us to S1 = 101.240 and later to S2 = 100.768 Overextension of price will lead us to S3, which is 100.095. A breakout above daily pivot which is 101.913 will technically lead us to R1 = 102.385, and later to R2 = 103.058. Overextension of price will lead us to R3, which is 103.530. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour

 

  S3 S2 S1 Daily Pivot R1 R2 R3
Classic 100.095 100.768 101.240 101.913 102.385 103.058 103.530


GBPUSD

 

The GBPUSD pair closed on Tuesday, 5th of July 2016, at 1.30169. A breakout below daily pivot which is 1.31023 will technically lead us to S1 = 1.29156 and later to S2 = 1.28117. Overextension of price will lead us to S3, which is 1.26250. A breakout above daily pivot which is 1.31023 will technically lead us to R1 = 1.32062, and later to R2 = 1.33929. Overextension of price will lead us to R3, which is 1.34968. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour

 

  S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.26250 1.28117 1.29156 1.31023 1.32062 1.33929 1.34968


USDCHF

 

The USDCHF pair closed on Tuesday, 5th of July 2016, at 0.97656 A breakout above daily pivot which is 0.97413 will technically lead us to R1 = 0.97986 and later to R2 = 0.98308. Overextension of price will lead us to R3, which is 1.98881. A breakout below daily pivot which is 0.97413 will technically lead us to S1 = 0.97091, and later to S2 = 0.96518. Overextension of price will lead us to S3, which is 0.96196. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour

 

  S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.96196 0.96518 0.97091 0.97413 0.97986 0.98308 1.98881




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