Forex Analytics

The currency pair NZD / USD New Zealand dollar / US dollar started the week with a correction to the level of 0.7200, and then update the maximum price for the last 5 months, testing the resistance at around 0.7350. The next target for the growth of NZD / USD - 0.7400. 
 

Wave analysis of Forex and the euro dollar forecast EUR / USD on the week 17.07 - 07.21.2017 : Bullish EUR / USD pair sohranayaetsya. 

Estimated pivot point is at 1.1366. 

Technical forex euro dollar forecast (EUR / USD) as of today 07/17/2017

Intraday EUR / USD EUR / USD remains in ascending channel. Euro Quotes are trying to break the trend line at 1.1400 down. Resistance for EUR / USD is located at 1.1450, 1.1400 support level.

Forecast EUR / USD : A break and consolidation of EUR / USD pair below 1.1400 would mark a return to the reduction. The first objective of the euro sellers will be the level of 1.1300.

Technical forex euro dollar forecast (EUR / USD) as of today 07/18/2017

Bullish sentiment is still popular among traders. Currency pair remains in the uplink. At the moment, prices are adjusted downward. Resistance is located at 1.1500, 1.1450 support level.

Forecast EUR / USD : The breakdown of 1.1450 may extend the correction to 1.1400.

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Today the EUR / USD consolidated near the 1.14 level. The market is waiting for signals from the ECB about the actions regarding monetary policy. If after a session of the regulator followed comments about phasing out loose monetary policy, the euro exchange rate may strengthen. 

Today pound against the American GBP / USD corrected by highs and is trading around the level of 1.30. Briton strengthened against the backdrop of positive news for Brexit: The British government sent a written statement to parliament that acknowledges the existence of mutual obligations between the UK and the EU. 
 

Technical forex euro dollar forecast (EUR / USD) as of today 07/19/2017

The market maintains its positive attitude. Euro demand on Tuesday and was able to take the mark of 1.1500, after advancing to 1.1550. Resistance is located at 1.1550, 1.1500 support level.

If the market situation will remain unchanged, the EUR / USD pair breaks 1.1550 in the coming sessions.

Technical forex euro dollar forecast (EUR / USD) as of today 07/20/2017

Technically, the euro / dollar is still under the control of the bulls. Buyers were able to test 1.1550, but then they had to retreat. Now active in the process of correction and sent to the support 1.1500. Resistance is located at 1.1550, 1.1500 support level.

We prefer to stay out of the market until the current correction is over. 

Technical forex euro dollar forecast (EUR / USD) as of today 07/21/2017

EUR / USD in the process of correction of steam. Activity came close to the lower boundary of the rising channel. buyers are testing the strength of 1.1500 now. Resistance is located at 1.1550, 1.1500 support level.

Recommendations EUR / USD: sit on the fence, waiting for the end of correction.

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On Thursday the 20th of July, trading on the euro/dollar pair closed up. By the end of the day, the euro had appreciated by 115 pips against the dollar, reaching 1.1630. The rate had dropped to 1.1479 before Mario Draghi’s press conference.

The European Central Bank decided to maintain rates at their current levels. The base rate remains at zero, the marginal rate at 0.25% and the deposit rate at -0.4%. The ECB also reiterated that their assets purchasing program would be maintained at 60bn EUR a month at least until December this year.

Technical forex euro dollar forecast (EUR / USD) as of today 07/24/2017

Breaking through the level of 1.0600, buyers took a timeout. Throughout the night the price held near the newly punched level gathering forces for a new breakthrough. Bulls stepped up in the morning, when they lifted the euro quotations to the level 1.0650. The first half of the day customers are not abandoned their attempts to get released, but to do it and could not. Resistance is located at 1.1650, 1.1600 support level.

We believe that growth will continue and consumers will take 1.0650. Given the overbought we expect pullback to 1.1550.

Previous:

On Friday, trading on the euro/dollar pair closed up. Trading volumes were high, which was enough to hit a new 52-week high with an empty economic calendar. The euro/dollar rate rose to 1.1683.

The general weakness of the US dollar, combined with investor confidence in the reversal of the ECB’s QE program, is pushing the price up.

Technical forex euro dollar forecast (EUR / USD) as of today 07/25/2017

EUR / USD The pair continues trading in the uplink. Bulls weakness did not allow them to break above 1.1683. As a result, prices fell back to 1.1650 on Monday. Resistance is located at 1.1700, 1.1650 support level.

Forecast EUR / USD : Given the overbought asset, expect a corrective decline to 1.1600.

Technical forex forecast of the euro dollar (EUR / USD) as of today 07/26/2017

picture of the market has not changed. Buyers are still standing at the helm. On Tuesday, prices have returned to the area of ​​1.1650, after a pullback on Monday - to 1.1630. Resistance is located at 1.1700, 1.1650 support level.

Forecast EUR / USD : Any downward movement will be considered by us as a correction until the asset is above 1.1550. Now we have to wait to see where the pair will go further.

The technical outlook for euro dollar exchange rate (EUR / USD) tomorrow 27.07.2017

Euro continues trading in an ascending channel, after an unsuccessful attempt to break 1.1700. Prices rebounded on the level and directed downwards. Sellers struck 1.1650 and reached 1.1600 in the middle of the European session. Resistance is located at 1.1650, 1.1600 support level.