MARKET ANALYSIS

2017-07-21 13:39:58 UTC+00

USD/JPY analysis for July 21, 2017
Sellers in control on USD/JPY. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 111.00.
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2017-07-21 13:34:46 UTC+00

EUR/USD analysis for July 21, 2017
Strong buying pressure in the background. My advice is to watch for potential buying opportunities. The first upward target is set at the price of 1.1675.
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2017-07-21 11:12:52 UTC+00

NZD/USD Intraday technical levels and trading recommendations for July 21, 2017
Risky traders could have a valid SELL entry at retesting of the price zone of 0.7400 (upper limit of the supply zone). S/L should be set as daily candlestick closure above 0.7450. Conservative traders can wait for a bearish closure below 0.7300 for a better SELL signal. T/P levels should be placed at 0.7220, 0.7160, 0.7050.
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2017-07-21 11:08:13 UTC+00

Technical analysis of USD/JPY for July 21, 2017
USD/JPY is under pressure and expected to trade in a lower range. Although the pair posted a rebound from 111.50 (lows of July 19 and 20), the upward potential is likely to be limited by the resistance at 112.10.
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2017-07-21 11:06:27 UTC+00

Intraday technical levels and trading recommendations for EUR/USD for July 21, 2017
The daily supply zone failed to pause the ongoing bullish momentum. Instead, a temporary bullish breakout is being witnessed on the chart. The nearest supply level to meet the pair is located around 1.1720 (August 2015 Highest level) where price action should be watched for a bearish pullback. On the other hand, the price zone of 1.1260-1.1130 stands as a prominent DEMAND zone to be watched if bearish pullback persists below 1.1400.
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2017-07-21 10:40:21 UTC+00

Technical analysis of USD/CHF for July 21, 2017
USD/CHF is under pressure, and we will keep our yesterday's scenario to hold short position. The pair is holding on the downside. The 20-period moving average crossed below the 50-period one, which indicated the bearish signal.
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2017-07-21 10:38:12 UTC+00

Elliott Wave Ananlysis of EUR/NZD for July 21, 2017
No much to add here. We are still looking for a break above 1.5899 to confirm the next impulsive rally higher towards 1.6236 and above. As long as resistance at 1.5899 is able to cap the upside, more sideways consolidation should be expected, but no break below 1.5419 can be accepted under this count.
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2017-07-21 10:33:12 UTC+00

Elliott Wave Ananlysis of EUR/JPY for July 21, 2017
The corrective structure has shifted in favor of a flat correction. Short-term, we expecte resistance at 130.77 will be able to cap the upside for a final leg lower to support at 127.22 to complete the flat correction in wave iv and then move higher towards 133.46 in wave v.
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2017-07-21 10:15:23 UTC+00

Daily analysis of major pairs for July 21, 2017
On the EUR/USD pair, bulls are clear winners this week. Price has already gone above the multi-month high at 1.1600 (which was our ultimate target for the week). Since there is a strong Bullish Confirmation Pattern in the market, price would continue going further upwards until it reaches the resistance line at 1.1700.
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2017-07-21 10:10:52 UTC+00

Technical analysis of GBP/JPY for July 21, 2017
Our target which we predicted in yesterday's analysis has been hit. GBP/JPY is still under pressure. The pair is rebounding and has broken above its declining 20-period moving average. The relative strength index is above its neutrality level at 50.
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