DXY Bullish EURUSD GBPUSD GOLD Bearish

2018年7月24日

DXY :
As seen on the H4 chart, DXY made its recovery at MA 200 support – the trend line as well – and succeeded to end the day inside the cloud. Currently, it is pricing at 94.66. It is just below the EMA 100 and EMA 50 in the H4 chart. If it breaks above EMA 50 94,78, Tenkan-Sen 94.94 can be tested today.

EURUSD:


Fundamentally:

This Tuesday, July Markit PMI will be released for EU and US. However, the market players will be focused on new developments related to the trade war and Trump's latest criticism of the Fed's policies.

Technically:

The pair is pricing at 1.1685 as of writing. We are bearish and will remain bearish below 1.18500.  1.16800 EMA 50 is critical resistance. As seen on the chart, a clear break below 1.16700 will take the price into the lower Bollinger Bands.  In this case, 1.16400, 1.16100 and 1.15800 will be the targets of the pair ( DXY above 94.80)

1.17500 is a strong intraday resistance. Only a break and close above 1.17500 may open the doors to 1.18500. Sublevel to watch as a resistance is 1.17200.

GBPUSD



Fundamentally:

This Tuesday, July Markit PMI will be released for EU and US. However, the market players will be focused on new developments related to the trade war and Trump’s latest criticism of the Fed’s policies.

Technically:

The pair is pricing at 1.1685 as of writing. We are bearish and will remain bearish below 1.18500. 1.16800 EMA 50 is critical resistance. As seen on the chart, a clear break below 1.16700 will take the price into the lower Bollinger Bands. In this case, 1.16400, 1.16100 and 1.15800 will be the targets of the pair ( DXY above 94.80)

1.17500 is a strong intraday resistance. Only a break and close above 1.17500 may open the doors to 1.18500. Sublevel to watch as a resistance is 1.17200.

XAUUSD



As we have written yesterday, the bearish Gold move is likely to continue for a while. We have explained the reasons in our previous articles.

Gold tested the 1234 support yesterday and headed south again.

Our next target levels: 1218.73 121484 and 1211.

Conclusion: Do not spend time checking the multiple charts. Open the DXY and watch it. If it breaks above 98.80, you will see EURUSD GBPUSD and GOLD testing the mentioned levels.