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.
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Technical forex forecast pair gbp usd GBP / USD on 20/07/2017
Pair GBP / USD failed to move below 1.3000. In prices Tuesday rebounded from level and were able to partially recover. Sentiment for sale back at night. Sellers GBP / USD began to move lower, offset by recent advances buyers. By lunchtime environment quotes pound closer to 1.3000. Resistance is at 1.3100, support at 1.3000.
Current correction GBP / USD may continue to 1.3000 and 1.2950.
Technical forex forecast for today, the dollar yen pair USD / JPY on 20/07/2017
Buyers USD / JPY failed to break through 112.00, but to gain a foothold below the level could not. Set the current minimum of 111.67, dollar quotations rolled back, returning to 112.00. In the morning a couple of majors USD / JPY continued to rise. Resistance is at 113.00, support lies at 112.00.
We believe that the downward movement of USD / JPY will continue. Prices may reach 111.50 in this scenario. Before the decline, the asset must be corrected, its possible target 112.50.
Technical analyst forex forecast pair NZD / USD today 20/07/2017
Above 0.7350 the kiwi could not grow. Only bulls attempt was done to break the level, the current maximum - 0.7387. Prices declined and returned to the area of 0.7350. Resistance is located at 0.7400, 0.7350 support level.
0.7350 strong level, which beat quotation NZD / USD in the past. If he survives, possible pullback to 0.7300. In case of a positive scenario, the currency pair will move towards 0.7400.
Technical analysis and forex forecast for the euro, the yen EUR / JPY on 07/20/2017
Restoring EUR / JPY ended at the level of 129.50. Pair EUR / JPY just tested it, then control returned to the sellers. Starting with the Asian session, prices are moving downward. Sellers returned control of 129.50 first, and then moved to 129.00. Resistance is at 129.50, support at 129.00.
If the pressure continues, with EUR / JPY reached 128.50 in the near future.
Technical forex forecast pair pound JPY GBP / JPY today 07/20/2017
The pair GBP / JPY found support at around 145.33. Install the specified minimum, the market reversed course and GBP / JPY rose to 146.00. Resistance lies at 147.00, 146.00 support level.
Couple majors GBP / JPY tends to leave the ascending channel, but for this it is necessary to break the level of 145.00. EMA100 obstacle in the face and the level of 146.00 can not let sellers and fight off the price to 147.50.
Technical analysis and gold XAU / USD forecast for today 07/20/2017
Bulls managed to raise the price of the metal higher in 1240, but to gain a foothold, they were never able to over the level. Sellers take control in their hands and began to move the price down. During the night they returned to trading asset to 1240. After that continued movement towards 1235. Resistance is located at 1240 support level 1230 dollars per ounce.
Gold prices are still in the medium-term rising channel. The pair XAU / USD is now directed to the lower border of 1230 dollars per ounce.
Technical analysis and forecast of the oil price Brent 20.07.2017
Brent reached almost 49.50 when the mood in the market has changed. Orders for sale located in the area of 49.50, strengthened the position of the bears returned quotations of raw materials to 48.50. Resistance is located at 49.50, support is the level of 48.50 dollars per barrel.
If the bulls will keep control of the oil prices of Brent crude will break through 49.50. In this case, the road to 50.50 will be opened.
Technical analysis of the DAX on 20/07/2017
DAX trading day began to gap up. The growth index is not continued, came under pressure. DAX moved down all morning and for dinner to close the gap. Resistance is at 12500, support is at 12400.
Based on those. analysis, the pressure of the asset preserved. In this case, we can expect resistance of sample 12400.
The S & P500 and the analyst forecast of investors on 07.20.2017
S & P500 is in resistance area of 2460 leaves no attempts to break above the Index since the beginning of this week. Now the quotes are a benchmark in the narrow channel of 2460-2455. Resistance is located at 2460 support level 2440.
Bulls still control the market. We believe that 2460 will set a short time buyers, breaking through the level of S & P500 will go to 2480.
Analytical review of the submitted broker Fort Financial Services
