empty
 
 
03.07.2020 09:51 AM
Technical analysis recommendations for EUR/USD and GBP/USD on July 3

Technical analysis recommendations for EUR/USD and GBP/USD on July 3

EUR / USD

This image is no longer relevant

The situation has not undergone significant changes over the past day. The pair remains in the attraction zone of 1.1245-25 (monthly medium-term trend + weekly long-term trend + daily short-term). Today, we are closing the week. As a result, the issue of the length of the upper shadow of the weekly candle and the ability of downside players to return to the weekly bearish cloud before closing will be decided again. The main conclusions and expectations in the current situation remain the same. Players on the rise to further restore positions need to stay above 1.1225-45, the following pivot points while serving as 1.1349 (the closest extremum) and resistance in the region of 1.1389 - 1.1422 (monthly Fibo Kijun + maximum correction). It is important for players to decline to 1.1225-45 and eliminate the daily Golden cross, then the benchmarks for them are located at 1.1167 (weekly Fibo Kijun) and around 1.1065 - 1.1100.

This image is no longer relevant

Uncertainty dominates. At lower time intervals, market participants act with varying success, forming sideways movements with the center of gravity in the region of key H1 levels, which combine their efforts today in the region of 1.1255-39 (central Pivot level + weekly long-term trend). Working above levels gives preference to players to increase, their pivot points within the day are the resistance of the classic Pivot levels 1.1287 - 1.1335 - 1.1367. Work below the levels of 1.1255-39 transfers initiative and advantages to the players to lower. The downward trends within the day today are located at 1.1207 - 1.1175 - 1.1127.

GBP / USD

This image is no longer relevant

The pair tested the nearest resistance 1.2528 (daily Kijun + weekly Fibo Kijun) yesterday and returned to the area of attraction 1.2440-60 (weekly Tenkan + monthly cross). Today, we are closing the week. For players to increase, it is advisable not to develop yesterday's daily rebound from resistance and maintain their position above 1.2440-60. It is not easy to achieve an advantage for the players to lower in the current situation, therefore, we can only note the support, breaking through which will contribute to the possible further strengthening of the players to decline - 1.2397 (daily Tenkan) - 1.2312 - 1.2288 (daily cloud + weekly Kijun).

This image is no longer relevant

Despite the fact that the advantage at lower time intervals is now on the side of the players to increase, the initiative belongs to the opponent, who seeks to develop a downward correction. One of the important levels in this direction is 1.2484 (central Pivot-level of the day), the bears have managed to gain a foothold below and are now attempting to retest the level, and 1.2389 (weekly long-term trend). Anchoring can change the current balance of power and open up new prospects for downside players.

Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)

Evangelos Poulakis,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $8000 अधिक!
    में मार्च हम आकर्षित करते हैं $8000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback