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July 29, 2021 : EUR/USD daily technical review and trade recommendations.

16:26 2021-07-29 UTC--5 Relevance up to 16:00 UTC--5

Author: Mohamed Samy

Popular analytics

Overview of the EUR/USD pair. July 29. The dollar is still in the risk zone

19:46 2021-07-28 UTC--5

The Fed meeting results

00:34 2021-07-29 UTC--5

Hot forecast for GBP/USD on July 29, 2021

03:36 2021-07-29 UTC--5

Forecast and trading signals for GBP/USD on July 29. Analysis of the previous review and the pair's trajectory on Thursday

21:56 2021-07-28 UTC--5

Results of the July Fed meeting

02:57 2021-07-29 UTC--5

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Hot topic: Coronavirus (COVID-19)

Technical analysis Relevance up to 16:00 UTC--5

July 29, 2021 : EUR/USD daily technical review and trade recommendations.

Recently, Persistence below the depicted price zone of 1.1990 indicated further downside movement towards 1.1840 and 1.1780 where some bullish recovery has originated. During this week, the EURUSD pair has been trapped within a narrow consolidation range between the price levels of 1.1780 and 1.184.

Technical analysis Relevance up to 16:00 UTC--5

July 29, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Recently, the EURUSD pair has been moving downwards within the depicted bearish channel while the price level of 1.1780 stood as a prominent demand level that prevented further bearish decline. That's why, a bullish breakout above 1.1830 is needed to enable further bullish advancement towards 1.197.

Technical analysis Relevance up to 16:00 UTC--5

July 29, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

Please note that the current bullish rally was initiated around 1.3570 where the GBPU/USD pair found considerable bullish support earlier this month. Currently, the price zone of 1.4015 now stands as a prominent supply zone to be watched for bearish rejection. Otherwise, a bullish breakout above 1..

News Relevance up to 07:00 UTC--5

Chickens are considered in autumn: bears on EUR/USD are retreating, but the powder is left dry

The greenback was forced to extend its three-day losing streak on Wednesday, pulling back even further from last week's 3.5-month highs. .

Crypto-currencies Relevance up to 11:00 UTC--5

The other day, about 13,800 bitcoins were withdrawn from the Binance exchange: Whales do not sit on the sidelines and accumulate even more BTC on cold wallets

More than 13,800 bitcoins were withdrawn from Binance on Tuesday. This is the largest outflow of bitcoins since April, when the crypto asset was trading at a price of $55,000-56,000. .

Trading plan Relevance up to 13:00 UTC--5

Analytics and trading signals for beginners. How to trade EUR/USD on July 30. Analysis of Thursday. Getting ready for Friday

The euro/dollar pair reacted to the Fed meeting and the GDP report with a weak upward movement. .

Wave analysis Relevance up to 11:00 UTC--5

Wave analysis of EUR/USD for July 29. Fed: no hope of tightening

The wave counting of the 4-hour chart for the Euro/Dollar instrument has finally acquired a more readable and complete look. After the instrument spent several weeks with a minimum amplitude, yesterday the demand for the US dollar decreased, which allowed the increase to begin..

Wave analysis Relevance up to 11:00 UTC--5

Wave analysis of GBP/USD for July 29. American statistics finish off the US dollar

The situation for the Pound/Dollar instrument cleared up after yesterday's Fed meeting, which caused a decrease in demand for the US dollar. Thus, the quotes of the instrument continued to increase, which now looks very convincing and definitely does not fit into the wave counting of the previous do.

Crypto-currencies Relevance up to 09:00 2021-07-31 UTC--5

Bitcoin: Chances of updating all-time high are growing

Bitcoin is trading around 40,000 per dollar and has yet to hit key resistance at 41,980.24. The fate of the main cryptocurrency depends on the behavior relative to this level. And you have to wait - it's too early to sell, and even more so to buy..

Crypto-currencies Relevance up to 10:00 UTC--5

Bitcoin Consolidates Ahead Of A New Breakout!

Bitcoin consolidates and it could resume its growth if it stabilizes above the broken static resistance. .

Trading plan Relevance up to 10:00 UTC--5

NZD/USD Upside Reversal Signaled!

NZD/USD is expected to resume its growth after jumping above the immediate high!.

Crypto-currencies Relevance up to 10:00 2021-07-31 UTC--5

Trading Signal for Ethereum for July 29 - 30, 2021: Buy above $2,280

Ethereum ETH / USD is in the zone of the 21 SMA after having reached the high of $ 2,400. It is making a correction towards the support of the uptrend channel....

Crypto-currencies Relevance up to 10:00 UTC--5

XRPUSD stops advance at important Fibonacci retracement

XRPUSD has been moving higher over the last couple of sessions after making a low just above $0.50. Price has made a double bottom at $0.50 and is now challenging $0.72 resistance..

Trend line Relevance up to 10:00 UTC--5

USDJPY remains vulnerable.

As explained in our latest USDJPY post, we expect price to move lower towards 109 and below. Recently price got rejected at the back test of the broken trend line. This was a bearish signal..

Technical analysis Relevance up to 09:00 UTC--5

EURUSD continues higher towards 1.19

EURUSD yesterday back tested the broken resistance and is bouncing higher as expected. As explained in several previous posts, EURUSD was in buy area when it was trading below 1.18 and above 1.1750. A reversal was imminent as the RSI was providing bullish divergence signals..

Technical analysis Relevance up to 09:00 UTC--5

Gold breaks short-term resistance

As expected by our latest analysis, Gold has formed a higher low between $1,790 and $1,780 and is now moving higher. Price today has broken above the short-term resistance and is now trading close to $1,830..

Trend line Relevance up to 09:00 2021-07-31 UTC--5

Trading Signal for GBP/USD for July 29 - 30, 2021: Sell below 1.3977

The GBP / USD pair, on 4-hour charts, is trading within the uptrend channel, after having consolidated above the 200 EMA. It now has the potential to rise to the 6/8 murray zone around....

Technical analysis Relevance up to 08:00 2021-07-31 UTC--5

Trading Signal for EUR/USD for July 29 - 30, 2021: Sell below 1.1901

According to the chart, EUR / USD now faces the key level in the zone of 1.1880-1.1901. There is the 200 EMA and the strong resistance of 3/8 of murray, which....

Trading plan Relevance up to 08:00 UTC--5

Gold Almost To Hit A Fresh Upside Target!

Gold edged higher and it could reach strong resistance levels soon. A minor consolidation could bring us a new long opportunity!.

Technical analysis Relevance up to 07:00 UTC--5

GBP/USD Extends Its Swing Higher! Where Is The Next Upside Target?

GBP/USD is strongly bullish and is expected to resume its upwards movement. The R3 and the WL1 are seen as upside targets!.

Crypto-currencies Relevance up to 05:00 2021-07-31 UTC--5

How to make $28 billion from Bitcoin

The US plans to increase tax fees for cryptocurrency transactions. The bipartisan Senate deal on infrastructure development, developed by American President Joe Biden, provides for the introduction of stricter rules for investors in cryptocurrency. This was done to collect taxes that will be used to.

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.