2018-07-03
In Asia, Japan will release the 10-y Bond Auction and Monetary Base y/y data, and the US will release some Economic Data, such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders 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: 111.53.
Resistance. 2: 111.31.
Resistance. 1: 111.09.
Support. 1: 110.83.
Support. 2: 110.61.
Support. 3: 110.39.
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 03, 2018
2018-07-03
When the European market opens, some Economic Data will be released such as Retail Sales m/m, Spanish Unemployment Change, and French Gov Budget Balance. The US will release the Economic Data too, such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders 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: 1.1701.
Strong Resistance:1.1693.
Original Resistance: 1.1680.
Inner Sell Area: 1.1667.
Target Inner Area: 1.1636.
Inner Buy Area: 1.1605.
Original Support: 1.1592.
Strong Support: 1.1579.
Breakout SELL Level: 1.1571.
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 Gold for July 03, 2018
2018-07-03
From the Daily Charts we know the Gold bias is still in a Bullish Condition, this can be seen by the Gold still moving in an up Channel event. Now Gold has a correction and tries to test the nearest Support level at 1,235.72 but it seems that in a few days Gold will be back to its previous bias (Bull). This is already confirmed by the Stochastic Oscilator now at the Oversold level and preparr to go up above the 20 level, so the next few days ahead it seems the Gold will go back to the previous bias (Bull).
(Dsiclaimer)
Technical analysis of EUR/USD for July 03, 2018
2018-07-03
Overview:The EUR/USD pair continues to move upwards from the level of 1.1615. Yesterday, the pair rose from the level of 1.1615 to a top around 1.1650. Today, the first resistance level is seen at 1.1676 followed by 1.1696, while daily support 1 is seen at 1.1614 (50% Fibonacci retracement). According to the previous events, the USD/CHF pair is still moving between the levels of 1.1615 and 1.1696; so we expect a range of 81 pips. Furthermore, if the trend is able to break out through the first resistance level at 1.1675, we should see the pair climbing towards the double top (1.1721) to test it. Therefore, buy above the level of 1.1614 with the first target at 1.1675 in order to test the daily resistance 1 and further to 1.1696. Also, it might be noted that the level of 1.1721 is a good place to take profit because it will form a double top. On the other hand, in case a reversal takes place and the USD/CHF pair breaks through the support level of 1.1615, a further decline to 1.1533 can occur which would indicate a bearish market.
Technical analysis of USD/CHF for July 03, 2018
2018-07-03
Overview:The pivot point is seen at the price of 0.9857, but the price is still trading above it around the 0.9943 level. The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9943, the market will indicate a bearish opportunity below the new strong resistance level of 0.9943 (the level of 0.9943 coincides with a ratio of 78.6% Fibonacci). Moreover, the RSI starts signaling a downward trend, as the trend is still showing strength above the moving average (100) and (50). Thus, the market is indicating a bearish opportunity below 0.9943, so it would be good to sell at 0.9940 with the first target of 0.9795. It will also call for a downtrend in order to continue towards 0.9733. The daily strong support is seen at 0.9733. On the other hand, the stop loss order should always be taken into account, for that it will be reasonable to set your stop loss at the level of 1.0055
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