Forex Trading – News and Strategy

EUR/USD Open 1.2805 High 1.2849 Low 1.2667 Close 1.2809

On Wednesday the Euro/Dollar rose sharply, climbing with around 180 pips. The European appreciated from 1.2667 to 1.2849 yesterday, matching the positive Interbank sentiment projection, at around +3%, closing the day at 1.2809. This morning trading is hesitant for now. On the 1 hour chart trading is within wide range, while on the 3 hour chart the downward channel is still on hold. Break above the nearest resistance and yesterday’s top at 1.2849 may trigger further recovery of the Euro. Going bellow yesterday’s bottom and first support at 1.2667, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2526. Today’s focus is on Italy PPI, EU 16 GDP Q2, EU 16 PPI, ECB meeting announcement and ECB press conference at 8, 9, 11:45 and 12:30 GMT respectively. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term bullish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is positive and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall mixed forex signals.
Trading resistance levels: 1.2849 1.2950 1.3062
Trading support levels: 1.2667 1.2526 1.2415

Trading range: 1.2775 – 1.2840
Trend: Upward

Forex Trading Strategy

Buy at 1.2787 Stop Loss 1.2757 Take Profit 1.2827
Yesterday we made +8 pips profit on EUR/USD from the following forex signal:
5:35 GMT+1 Sell EUR/USD at 1.2703 Stop Loss 1.2738 Take Profit 1.2653 exit sent at 5:54 GMT+1.
Total yesterday +91, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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USD/JPY Open 84.55 High 85.90 Low 84.12 Close 84.62

On Monday Dollar/Yen sharply decreased after initial bullish start of the week, in line with the very negative Interbank sentiment at around -78%. The currency couple depreciated from 85.90 to 84.48 yesterday, closing the day at 84.62. Today the bears pushed quotes further down to 84.12. On the 1 hour the trading is back within wide range, and on the 3 hour chart the downward channel is making renewal efforts. Break above yesterday’s top and nearest resistance 85.90 would support further recovery of the Dollar. Immediate support is today’s bottom at 84.12, and consistent break bellow it could strengthen the Yen further down towards next target 83.00. Today Japan Housing starts, Construction orders, and BoJ meeting minutes, at 5 and 23:50 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall mixed forex signals.
Trading resistance levels: 85.90 86.67 87.72
Trading support levels: 84.12 83.00 82.52

Trading range: 84.15 – 84.80
Trend: Upward

Forex Trading Strategy

Buy at 84.28 Stop Loss 83.98 Take Profit 84.68
Already made +20 pips profit on USD/JPY today from the following forex signal:
5:43 GMT+1 Sell USD/JPY at 84.25 Stop Loss 84.51 Take Profit 83.75 exit sent at 7:44 GMT+1.
Total today +143, yesterday +96, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.5464 High 1.5572 Low 1.5395 Close 1.5461

On Monday Pound/Dollar started decreasing after unconvincing bullish push up, in converse with the positive Interbank sentiment at nearly +17%. The Cable depreciated from 1.5572 to 1.5455 yesterday, closing the day at 1.5461. Today the British currency weakened further down to 1.5395. On the 1 hour chart the downward channel is trying to resume, while on the 3 hour chart the new downward channel has slowed down. First resistance is yesterday’s peak at 1.5572. Break above it should extend the bullish movement further towards 1.5694. The nearest support is today’s bottom at 1.5395. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.5300. Today is UK M4 money supply, Consumer credit and Gfk consumer confidence at 8:30 and 23:01 GMT respectively. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has crossed down strongly the 100 line on the 1 hour chart, giving overall short forex signals.
Trading resistance levels: 1.5572 1.5694 1.5828
Trading support levels: 1.5395 1.5300 1.5256

Trading range: 1.5430 – 1.5355
Trend: Downward

Forex Trading Strategy

Sell at 1.5418 Stop Loss 1.5448 Take Profit 1.5368
Already made +60 pips profit on GBP/USD today from the following forex signal:
5:43 GMT+1 Sell GBP/USD at 1.5465 Stop Loss 1.5491 Take Profit 1.5405 Take Profit reached at 8:06 GMT+1.
Today so far +143, yesterday +96, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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EUR/USD Open 1.2662 High 1.2768 Low 1.2633 Close 1.2661

On Monday the Euro/Dollar started declining, as expected, dropping with just over 100 pips. The European depreciated from 1.2768 to 1.2633 yesterday, not matching the positive Interbank sentiment projection, at around +1%, closing the day at 1.2661. This morning bears pushed further down to 1.2633. On the 1 hour chart the downward channel is trying to resume, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and yesterday’s top at 1.2768 may trigger further recovery of the Euro. Going bellow this morning’s bottom and first support at 1.2633, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2526. Today’s focus is on Italy Business confidence, Germany Unemployment, Italy Retail sales, Italy CPI and HICP, EU 16 Harmonized CPI and EU 16 Unemployment, at 07:30, 7:55, 8 and 9 GMT respectively. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short forex signals.
Trading resistance levels: 1.2768 1.2847 1.2950
Trading support levels: 1.2633 1.2526 1.2415

Trading range: 1.2670 – 1.2610
Trend: Downward

Forex Trading Strategy

Sell at 1.2660 Stop Loss 1.2690 Take Profit 1.2620
Yesterday we made +31 pips profit on EUR/USD from the following forex signal:
7:18 GMT+1 Buy EUR/USD at 1.2746 Stop Loss 1.2772 Take Profit 1.2696 exit sent at 8:06 GMT+1.
Total yesterday +96, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.5530 High 1.5559 Low 1.5455 Close 1.5524

On Friday Pound/Dollar moved down and up, in converse with the positive Interbank sentiment at nearly +20%. The Cable depreciated from 1.5534 to 1.5455 on Friday, closing the week at 1.5524. Today the British currency is moving hesitantly so far. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart the new downward channel is on hold. First resistance is today’s peak at 1.5559. Break above it should extend the bullish movement further towards 1.5694. The nearest support is Friday’s bottom at 1.5455. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.5370. Today is UK Summer Bank Holiday. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long forex signals.
Trading resistance levels: 1.5559 1.5694 1.5828
Trading support levels: 1.5455 1.5370 1.5256

Trading range: 1.5510 – 1.5585
Trend: Upward

Forex Trading Strategy

Buy at 1.5521 Stop Loss 1.5491 Take Profit 1.5571
Already made +31 pips profit on GBP/USD today from the following signal:
7:18 GMT+1 Sell GBP/USD at 1.5550 Stop Loss 1.5576 Take Profit 1.5490 exit sent at 8:06 GMT+1.
Today so far +96, on Friday +81, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.5469 High 1.5580 Low 1.5389 Close 1.5458

On Wednesday Pound/Dollar continued increasing, in line with the positive Interbank sentiment at around +17%. The Cable appreciated from 1.5389 to 1.5476 yesterday, closing the day at 1.5458. Today the British currency extended its gains up to 1.5580, recovering the losses from the beginning of the week. On the 1 hour chart quotes are testing the upper limit of the the downward channel, while on the 3 hour chart the new downward channel is on hold. First resistance is today’s peak at 1.5580. Break above it should extend the bullish movement further towards 1.5700. The nearest support is yesterday’s bottom at 1.5389. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.5256. There are no major economic events for UK today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and climbing, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long forex signals.
Trading resistance levels: 1.5580 1.5700 1.5828
Trading support levels: 1.5389 1.5256 1.5135

Trading range: 1.5525 – 1.5600
Trend: Upward

Forex Trading Strategy

Buy at 1.5536 Stop Loss 1.5506 Take Profit 1.5586
Already made +40 pips profit on GBP/USD today from the following forex signal:
5:35 GMT+1 Buy GBP/USD at 1.5549 Stop Loss 1.5523 Take Profit 1.5609 exit sent at 8:04 GMT+1.
Today so far +112, yesterday +83, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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USD/JPY Open 84.20 High 85.19 Low 83.74 Close 83.91

On Tuesday Dollar/Yen continued decreasing with over 100 pips, in converse with the positive Interbank sentiment at nearly +16%. The currency couple depreciated from 85.19 to 83.74 yesterday, closing the day at 83.91. Today trading is hesitant and with some adjustment movements for now. On the 1 hour the pair broke down of the range trading, and on the 3 hour chart the downward channel is intact again. Break above yesterday’s top and nearest resistance 85.19 would support further recovery of the Dollar. Immediate support is today’s bottom at 83.74, and consistent break bellow it could strengthen the Yen further down towards next target 83.00. Today is Japan Trade balance for July at 23:50 GMT. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is positive and rising, MACD is negative and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long forex signals.
Trading resistance levels: 85.19 86.67 87.72
Trading support levels: 83.74 83.00 82.18

Trading range: 84.80 – 84.15
Trend: Downward

Forex Trading Strategy

Sell at 84.66 Stop Loss 84.96 Take Profit 84.26
Already made +5 pips profit on USD/JPY today from the following forex signal:
5:34 GMT+1 Sell USD/JPY at 84.27 Stop Loss 84.53 Take Profit 83.77 exit sent at 6:13 GMT+1.
Total today +83, yesterday +159, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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