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Technical Analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 22.07.2016

Article By RoboForex.com

Currency pair Euro to US Dollar upgraded low and performed impulse of correction. Main scenario for today is continuation of downtrend with overlapping of level 1.0840. We do not exclude stretching of correction to level 1.1070 as alternative.


Currency pair Pound to US Dollar trades structure of pressure to the top. We consider possibility of test of level 1.3330. Next in turn - descending to break 1.3000. Then - consolidation on breakage and descending to level 1.2788.


Currency pair US Dollar to Franc continues to be traded in consolidation above level 0.9825. We do not exclude one more test of the level from above. Later - growth to overlap 0.9920 with continuation to level 0.9970.


Currency pair US Dollar to Yen is traded for pullback from level 106.48 to the down. For today we will consider possibility of breakage of level 105.35 and continuation of descending to test level 103.00.


Currency pair AUS Dollar to US Dollar is traded inthe center of consolidation. We do not exclude descending to level 0.7450. Later - returning to center. After pullback from center and upgrading of low we will consider continuation of downtrend to 0.7300. After breakage of consolidation to the top we will consider possibility of correction to level 0.7575.


Russoan ruble is traded under pressure to the top. For today we consider possibility of overlapping of level 64.55. Later - test from above 63.70. Then - growth to level 66.00. Correction wave is in process.


Gold is traded in growth impulse to level 1338.20. Later - descending to 1324.00. After pullback to the top we will consider possibility of trend to level 1383.00. After breakage to the down we do not exclude upgrade of 1313.00. And later after pullback to the top - continuation of trend to the growth.


Article By RoboForex.com

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.



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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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