empty
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

16.07.202413:57 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD and GBP/USD: Technical analysis on July 16

EUR/USD

Exchange Rates 16.07.2024 analysis

Higher timeframes

The bulls took a break, having tested the June high (1.0916). They prefer to be patient to avoid the prospects of a full-fledged correction. In this case, consolidation above 1.0916 will allow us to consider a rise to the April high (1.1031). A corrective decline in this part of the chart will bring EUR/USD back to the area of strong weekly levels (1.0863 - 1.0867) and the daily short-term trend (1.0854). The influence of so many strong levels may restrain the bullish development, moreover, if the bears manage to consolidate below 1.0863-67-54, this could strengthen the bearish bias in the market.

Exchange Rates 16.07.2024 analysis

H4 – H1

The bulls currently have the main advantage on the lower timeframes, but at the same time we're seeing the progress of a corrective decline. Losing the support of the central Pivot level (1.0900), approaching the intermediate support of S1 (1.0877), and after that the main level - will the weekly long-term trend (1.0861) come into play. The trend is responsible for the current balance of forces. Its breakdown and reversal will give the main advantage to the bears. In case the correction ends in the nearest future, traders will turn to the bullish benchmarks of the lower timeframes - resistances of the classic Pivot levels, which are currently located at 1.0917 - 1.0940 - 1.0957.

***

GBP/USD

Exchange Rates 16.07.2024 analysis

Higher timeframes

The bullish bias indicated a slowdown yesterday, but in general, the situation did not go through any significant changes. GBP/USD is still trading between the boundaries of the monthly cloud (1.3092 - 1.2892), which means that the main conclusions and expectations announced earlier have not changed. New prospects on this section of the chart may only appear after the pair goes beyond the boundaries of the monthly Ichimoku cloud (1.3092 - 1.2892).

Exchange Rates 16.07.2024 analysis

H4 – H1

At the moment, the pair is in the correction zone on the lower timeframes, but the bulls still have the main advantage. The classic Pivot levels are gathered in a narrow range today, as the previous day's movement was not distinguished by the scale. Resistance (1.2972 - 1.2984 - 1.3004 - 1.3016) may be useful for the bulls. On the other hand, supports of classic Pivot levels (1.2952 - 1.2940 - 1.2920) may be of value for the bears. The main benchmark of the lower timeframes - weekly long-term trend (1.2896), is currently located at a considerable distance from the price chart, so it may not come into play today.

***

The technical analysis of the situation uses:

Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels

Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

See Also

फोरेक्स न्यूज़
  • 2025-04-06 08:18:20
    European Stocks Tumble 5% Led by Banks
    2025-04-06 08:18:20
    US Stock Sell-Off Worsens Amid Escalating Trade War
    2025-04-06 08:18:20
    Gold Prices Fall More than 2%
    2025-04-06 08:18:20
    Week Ahead - Apr 7th
    2025-04-06 08:18:20
    Nickel Futures Fall to Over 4-1/2-Year Low
    2025-04-06 08:18:20
    Wheat Hits 1-Month Low
    2025-04-06 08:18:20
    Soybeans Slide as China Retaliates with Tariffs
    2025-04-06 08:18:20
    Mexico Consumer Morale Falls to 2023-Lows
    2025-04-06 08:18:20
    Baltic Dry Index Extends Slide Into 9th Day
    2025-04-06 08:18:20
    Canada 10-Year Bond Yield Near 2-Year Lows
  • 2025-04-06 08:18:20
    FDI Into Vietnam Rises 7.2% in Q1
    2025-04-06 08:18:20
    Vietnam Trade Surplus Narrows in March
    2025-04-06 08:18:20
    Vietnam Tourist Arrivals Rise 28.5% YoY in March
    2025-04-06 08:18:20
    Vietnam Inflation Rate Accelerates to 3.13%
    2025-04-06 08:18:20
    Vietnam Retail Sales Grow the Most in 22 Months
    2025-04-06 08:18:20
    Vietnam GDP Growth Weakest in A Year
    2025-04-06 08:18:20
    Vietnam Industrial Output Growth Eases Sharply
    2025-04-06 08:18:20
    Colombian producer inflation continues to fall in March
    2025-04-06 08:18:20
    TSX Tumbles to Near 8-Month Low
    2025-04-06 08:18:20
    Speculative Net Positions on NZD Worsen to -45.0K, Marking Continued Investor Pessimism
  • 2025-04-06 08:18:20
    Japanese Yen Speculative Net Positions Show Slight Decline as of April 2025
    2025-04-06 08:18:20
    Brazil's Net Speculative Positions on BRL Contracts Decline to 37K, CFTC Reports
    2025-04-06 08:18:20
    Australian Dollar Faces Increased Speculative Pressure as Net Positions Dive to -75.9K
    2025-04-06 08:18:20
    Swiss Franc Speculative Positions Deepen as Net Short Hits Historic Low
    2025-04-06 08:18:20
    Speculative Positions in Mexican Peso Decline: CFTC Reports
    2025-04-06 08:18:20
    Canadian Dollar Sees Narrower Speculative Bets as Traders Reassess Positions
    2025-04-06 08:18:20
    Speculative Market Turns Bearish: CFTC Wheat Net Positions Sink Further in April
    2025-04-06 08:18:20
    Soybean Speculators Show Renewed Optimism as Net Positions Improve Significantly
    2025-04-06 08:18:20
    Silver Speculators Pull Back as CFTC Reports Decline in Net Positions
    2025-04-06 08:18:20
    S&P 500 Speculative Net Positions Swing to Negative as Investors Turn Bearish
  • 2025-04-06 08:18:20
    CFTC Natural Gas Speculative Positions Show Modest Improvement
    2025-04-06 08:18:20
    Nasdaq 100 Speculative Net Positions Plummet to 15.2K, Confidence Wanes
    2025-04-06 08:18:20
    Gold Speculative Positions Decline as Market Uncertainty Looms
    2025-04-06 08:18:20
    U.S. CFTC Crude Oil Speculative Net Positions Dip to 167.7K
    2025-04-06 08:18:20
    CFTC Corn Speculative Positions Decline to 166.9K in April
    2025-04-06 08:18:20
    Copper Speculative Net Positions Surge Amidst Global Economic Shifts
    2025-04-06 08:18:20
    Shift in Speculative Tides: Aluminium Net Positions Fall in the US
    2025-04-06 08:18:20
    Euro Speculative Net Positions Decline as CFTC Reports Decrease
    2025-04-06 08:18:20
    GBP Speculative Net Positions Rise to 34.6K Ahead of Market Optimism
    2025-04-06 08:18:20
    Oil Prices Plunge to 3-Year Low Amid Trade War Fears
  • 2025-04-06 08:18:20
    Wall Street Takes a Hit on Trade War Fears, Fed Remarks
    2025-04-06 08:18:20
    Uruguay Jobless Rate Eases in February
    2025-04-06 08:18:20
    Brazil Trade Surplus Increases 13.8% in March
    2025-04-06 08:18:20
    Brazil 10-Year Bond Yield Drops Amid Flight to Safety
    2025-04-06 08:18:20
    Brazil Sees Significant Turnaround as Trade Surplus Hits $8.15 Billion in March
    2025-04-06 08:18:20
    Brazilian Real Retreats From Multi-Month Highs
    2025-04-06 08:18:20
    Sell-Off Grips Wall Street as Economic Risks Rise
    2025-04-06 08:18:20
    U.S. Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 590
    2025-04-06 08:18:20
    U.S. Oil Rig Count Inches Upwards; Signals a Stable Future for Energy Sector
    2025-04-06 08:18:20
    Mexican Peso Loses Ground
  • 2025-04-06 08:18:20
    European Stocks Tumble 5% Led by Banks
    2025-04-06 08:18:20
    US Stock Sell-Off Worsens Amid Escalating Trade War
    2025-04-06 08:18:20
    Gold Prices Fall More than 2%
    2025-04-06 08:18:20
    Week Ahead - Apr 7th
    2025-04-06 08:18:20
    Nickel Futures Fall to Over 4-1/2-Year Low
    2025-04-06 08:18:20
    Wheat Hits 1-Month Low
    2025-04-06 08:18:20
    Soybeans Slide as China Retaliates with Tariffs
    2025-04-06 08:18:20
    Mexico Consumer Morale Falls to 2023-Lows
    2025-04-06 08:18:20
    Baltic Dry Index Extends Slide Into 9th Day
    2025-04-06 08:18:20
    Canada 10-Year Bond Yield Near 2-Year Lows
  • 2025-04-06 08:18:20
    FDI Into Vietnam Rises 7.2% in Q1
    2025-04-06 08:18:20
    Vietnam Trade Surplus Narrows in March
    2025-04-06 08:18:20
    Vietnam Tourist Arrivals Rise 28.5% YoY in March
    2025-04-06 08:18:20
    Vietnam Inflation Rate Accelerates to 3.13%
    2025-04-06 08:18:20
    Vietnam Retail Sales Grow the Most in 22 Months
    2025-04-06 08:18:20
    Vietnam GDP Growth Weakest in A Year
    2025-04-06 08:18:20
    Vietnam Industrial Output Growth Eases Sharply
    2025-04-06 08:18:20
    Colombian producer inflation continues to fall in March
    2025-04-06 08:18:20
    TSX Tumbles to Near 8-Month Low
    2025-04-06 08:18:20
    Speculative Net Positions on NZD Worsen to -45.0K, Marking Continued Investor Pessimism

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.