2018-07-16
In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.10.
Resistance. 2: 112.87.
Resistance. 1: 112.66.
Support. 1: 112.38.
Support. 2: 112.16.
Support. 3: 111.94.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, July 16, 2018
2018-07-16
When the European market opens, some Economic Data will be released such as Trade Balance and Italian Trade Balance. The US will release the Economic Data too, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1735.
Strong Resistance:1.1728.
Original Resistance: 1.1717.
Inner Sell Area: 1.1706.
Target Inner Area: 1.1678.
Inner Buy Area: 1.1650.
Original Support: 1.1639.
Strong Support: 1.1628.
Breakout SELL Level: 1.1621.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis of USD/CAD for July 16, 2018
2018-07-16
If we look at the 4-hour charts at the loonie, the overall bias of this pair still in a Bullish condition. This already can be seen by the price moving in an up slope channel, but now the USD/CAD pair has a correction and will try to test its nearest support level, as long as it does not break out and close bellow the 1.3041 the bias from this pair still in Bullish condition.
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