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  1. #1
    jimmy sergill is offline Senior Member
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    Default XtreamForex Daily Technical Analysis

    Hello

    My name is Jimmy Sergill.
    Official Representative of XtreamForex. In this thread we will share daily technical analysis of Forex Pairs.
    For any kind of query you can ask here, I will assist you as soon as possible!

    With Regards
    Jimmy Sergill

  2. #2
    jimmy sergill is offline Senior Member
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    Default Technical Overview of GBP/USD and EUR/JPY Currency Pair

    GBP USD

    GBP traded higher against USD and closed at 1.2527.
    GBP/USD - Charts Suggest the 2019 Low Is Vulnerable.
    D1 and H4 200 EMA Heads to south.
    Broke D1 Ib towards the down side.
    Broke the Quarter Support and Month Support.
    Series of Lower Lows and Lower Highs.

    According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378.

    EUR JPY

    EUR traded lower against JPY and closed at 121.779.
    EUR/JPY: Scope for Retesting 120.82.
    D1 and H4 200 EMA Heads to south.
    Broke D1 Ib towards the down side.
    It's in range but projects towards the down side.

    According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108.

    Major Economic Events of the Day
    Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

    For Detailed analysis visit XtreamForex YouTube Channel.

  3. #3
    jimmy sergill is offline Senior Member
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    Default

    Technical Overview of EUR/USD and AUD/USD and GBP/NZD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1208.
    EUR is expected to trade sideways, likely within a 1.1190/1.1230 range.
    According to the Analysis, pair is expected to find support at 1.11943 and a fall through could take it to the next support level of 1.11810. The pair is expected to find its first resistance at 1.12198, and a rise through could take it to the next resistance level of 1.12320.

    AUD USD

    AUD traded lower against USD and closed at 0.6926.
    AUD/USD - Edges Lower After Weak Consumer Confidence
    Bears Seem Confident Ahead Of Fed

    According to the Analysis, pair is expected to find support at 0.69059 and a fall through could take it to the next support level of 0.68858. The pair is expected to find its first resistance at 0.69604, and a rise through could take it to the next resistance level of 0.69948.

    GBP NZD

    GBP traded lower against NZD and closed at 1.8856.
    Overnight NZD was struck by a massive selling order. It was almost 34 pips in Asian session.
    UK Manufacturing Production today
    We can see that the expected 2.1 is way lot better than previous –3.9
    if we have a positive tone from GBP then the Technical and fundamental bounce from the lows will be supported.

    According to the Analysis, pair is expected to find support at 1.88115 and a fall through could take it to the next support level of 1.87673. The pair is expected to find its first resistance at 1.88989, and a rise through could take it to the next resistance level of 1.89421.

    Major Economic Events of the Day
    CAD: BOC Tone On Wed Likely A Bit More Optimistic Than Markets Assuming – CIBC
    “While not a stunner for markets, the tone will tend to be a bit more optimistic than what markets are now assuming.”
    The Consumer Price Index is released by the National Bureau of Statistics of China. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.
    Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Powell's prepared remarks are published ahead of the appearance on Capitol Hill.

    For Detailed analysis visit XtreamForex YouTube Channel.

  4. #4
    jimmy sergill is offline Senior Member
    Join Date
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    Default

    Technical Overview of USD/CAD and USD/JPY Currency Pair

    USD CAD
    USD traded lower against CAD and closed at 1.3069.
    Trades near the yearly-low (1.3037) even though the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy, and recent price action keeps the downside targets on the radar as the exchange rate fails to break out of the monthly opening range.

    According to the Analysis, pair is expected to find support at 1.30436 and a fall through could take it to the next support level of 1.30179. The pair is expected to find its first resistance at 1.30931, and a rise through could take it to the next resistance level of 1.31169.

    USD JPY
    USD traded lower against JPY and closed at 108.487.
    USD/JPY to find support from yields may face resistance above 109.00.
    Its approaching resistance level and fundamentally the weakness of USD may drive the pair lower.

    According to the Analysis, pair is expected to find support at 108.053 and a fall through could take it to the next support level of 107.618. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 108.964.

    For Detailed analysis visit XtreamForex YouTube Channel.

  5. #5
    jimmy sergill is offline Senior Member
    Join Date
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    109

    Default

    Technical Overview of AUD/USD and USD/JPY Currency Pair

    AUD USD

    AUD traded higher against USD and closed at 0.7022.

    Maintain a bullish data; Staying Long is more favorable as compared to short. Daily chart has a break above close above 10 EMA. Targets may be 0.73, Daily High and Weekly High has also been breached over night. Looking for a break meaningfully above resistance earlier this week at 0.7036 and remain long AUDUSD targeting 0.7300.

    According to the Analysis, pair is expected to find support at 0.69868 and a fall through could take it to the next support level of 0.69515. The pair is expected to find its first resistance at 0.70409, and a rise through could take it to the next resistance level of 0.70597.

    USD JPY

    USD traded higher against JPY and closed at 107.885.

    3 - Bearish Days for the Dollar, Expectations are the Rate cut by end of July.
    Bearish sentiment leads the currency against the basket of CHF and JPY.
    Selling rallies may be a positive approach in trading the safe-heaven. The basket trades below Quarterly and Yearly Pivots.

    According to the Analysis, pair is expected to find support at 107.589 and a fall through could take it to the next support level of 107.292. The pair is expected to find its first resistance at 108.394, and a rise through could take it to the next resistance level of 108.902.

    Major Events of the Day

    NZD: Consumer Price Index (YoY) (Q2)
    Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

    CNY: Gross Domestic Product (QoQ) (Q2)
    The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).

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