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GBP/USD: Pound falls due to the lack of demand

Forex analytics:

1. Current trend
 
On Tuesday British currency significantly declined due to the sagging demand for the Pound among investors. Traders were waiting for the important macro-economic news: decision of the Bank of England on the key interest rate and volume of asset purchase program. Despite positive economic statistics over the last few months, the pair fell to the level of 1.5200. The US …

GBP/USD: Pound falls due to the lack of demand

Forex analytics:

1. Current trend
 
On Tuesday British currency significantly declined due to the sagging demand for the Pound among investors. Traders were waiting for the important macro-economic news: decision of the Bank of England on the key interest rate and volume of asset purchase program. Despite positive economic statistics over the last few months, the pair fell to the level of 1.5200. The US …

Forex: Ichimoku Clouds. Review of NZD/USD

Forex analytics:

NZD/USD, H4
On the four-hour chart Tenkan-sen line has crossed Kijun-sen from above forming Dead Cross pattern.  Chinkou Span is crossing the price chart from above; current cloud is getting narrower but remains ascending.  The next obstacle for the price on its way down will be upper border of the cloud (0.7953). The nearest resistance level is still Tenkan-Sen line (0.7994).

NZD/USD, …

Forex: Ichimoku Clouds. Review of NZD/USD

Forex analytics:

NZD/USD, H4
On the four-hour chart Tenkan-sen line has crossed Kijun-sen from above forming Dead Cross pattern.  Chinkou Span is crossing the price chart from above; current cloud is getting narrower but remains ascending.  The next obstacle for the price on its way down will be upper border of the cloud (0.7953). The nearest resistance level is still Tenkan-Sen line (0.7994).

NZD/USD, …

EURUSD Daily Forecast: July 31

EURUSD Forecast

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 1.3170/50 key intraday support. A clear break and daily close below that area would interrupt the bullish outoook testing 1.3100 or lower. On the upside, the trend line resistance and 1.3330/50 remains a strong/key resistance which needs to be clearly broken to the upside to continue the bullish scenario.

eurusddaily

GBPUSD Daily Forecast: July 31

GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday and hit 1.5219 earlier today. The bias remains bearish in nearest term testing 1.5200 – 1.5100. Immediate resistance is seen around 1.5250. A clear break above that area could lead price to neutral zone in nearest term  testing 1.5300. The major bullish scenario remains intact but price is in a valid bearish correction phase. I prefer to stand aside for now.

gbpusddaily

USDJPY Daily Forecast: July 31

USDJPY Forecast

The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 99.00 I still prefer a bearish scenario at this phase with nearest target remains around 96.70.

usdjpydaily

USDCHF Daily Forecast: July 31

USDCHF Forecast

The USDCHF was indecisive yesterday. There are no changes in my technical outlook. Price is moving sideways suggests a consolidation phase. I still prefer a bearish scenario at this phase and only a clear break back above 0.9350 would interrupt the bearish scenario. On the downside, 0.9250 – 0.9180 remains the nearest bearish target.

usdchfhourly

EUR/JPY: technical analysis

Forex analytics: 1. Current trend
After continued uprising trend the pair EUR/JPY has fallen last Friday down to 129.55. Then the instrument corrected a little higher but couldn’t overcome the level of 61.8% of Fibonacci lines. The pair is trading below this level now.
The nearest support levels are 130.30, 130.00 and 129.55. The last one is the strongest and is also a main goal for the Bears. Resistance levels …

EUR/JPY: technical analysis

Forex analytics: 1. Current trend
After continued uprising trend the pair EUR/JPY has fallen last Friday down to 129.55. Then the instrument corrected a little higher but couldn’t overcome the level of 61.8% of Fibonacci lines. The pair is trading below this level now.
The nearest support levels are 130.30, 130.00 and 129.55. The last one is the strongest and is also a main goal for the Bears. Resistance levels …

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