Technical analysis of NZD/USD for July 20, 2018

The NZD/USD pair continues to move downwards from the level of 0.6807. The pair has dropped from the level of 0.6807 to trade around the 0.6775 level. This level of 0.6807 coincides with the major resistance today. Today, the first resistance level i…

Technical analysis of USD/CAD for July 20, 2018

Overview: The pivot point is seen at the price of 1.3247, for that the trend is still trade around it since yesterday. The USD/CAD pair will probably continue to rise from the level of 1.3139. It should be noted that the support is established at the…

Bitcoin analysis for July 20, 2018


Trading recommendations:

Recently, Bitcoin has been trading sideways at the price of $7,426. Anyway, according to the H1 time frame, I found a potential end of the downward correction (expanded flat), which is a sign that selling looks risky. I also found a broken intraday supply trendline, which is another sign of the strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $7.548 and at the price of $7.725.

$7,525 – Intraday resistance; $7,305 – Intraday support; $7,548 – Objective target 1; $7,725 – Objective target 2;

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BITCOIN Analysis for July 20, 2018

Bitcoin is still able to sustain the bullish momentum it had since it had broken above $6,500 area with a daily close earlier. Though the price has been expected earlier to hit the $5,000 area before showing any impulsive bullish pressure, the price b…

USD/JPY analysis for July 20, 2018

Recently, USD/JPY has been trading downwards. The price tested the level of 112.05. Anyway, acording to the H1 time – frame, I found a potential upward correction in progress (abc flat). My advice is to watch for potential downward opportunities. The s…

The euro and the pound will continue to decline

EurozoneThe euro continues to trade in a range while the markets cannot find a reason to leave it. The latest macroeconomic data comes in line with expectations, suggesting that the preparation of markets for the ECDC meeting to be held next week will …

EUR/USD analysis for July 20, 2018

Recently, EUR/USD has been trading upwards. As I expected, the price tested the level of 1.1678. Acording to the H1 time – frame, I found rejection from the support trendline in the background, which is a sign that selling looks risky. I also found a p…

Fundamental Analysis of USDCHF for July 20, 2018

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Fundamental Analysis of USD/CAD for July 20, 2018

USD/CAD has been quite impulsive amid bullish pressure under the corrective upward momentum. The price is expected to climb higher towards 1.34 before showing any further bearish pressure in the pair.Today, a series of macroconomic reports are due in C…

Global macro overview for 20/07/2018

The Crude Oil prices are bouncing strongly after the comment from the Saudi Arabia Ministry of Energy. According to the ministry, in the second half of the year, there may be significant losses in domestic inventories due to the growing demand. The Min…

Global macro overview for 20/07/2018

An increase in the number of jobs by approximately 50,000 it’s the best result for many months. In addition, this is mainly due to changes in the field of full-time employment, which is additionally accompanied by an increase in the participation rate….

Technical analysis of EUR/USD for July 20, 2018

The EUR/USD was in the process of breaking below the triangle pattern and below 1.16 support when the comments by POTUS weakened the Dollar as he questions the policy Fed follows. The EUR/USD has bounced strongly towards cloud resistance. Red lines – …

Control zones GBPUSD 20.07.18

The previous day’s decline in the rate did not allow it to reach the target zone of NKZ 1/2 1.2953-1.2941, which increases the probability of resuming the downward movement and updating the July low. Yesterday’s closing of the US session occurred below…

Technical analysis of Gold for July 20, 2018

The Gold price made a new low yesterday, but prices reversed strongly after comments by the President of the U.S. regarding Fed policy, affecting the Dollar and in result Gold prices as well. Technically Gold has made a reversal pattern and the price c…