Forex Technical Analysis and Forecast 20.07.2022 :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

After completing the ascending wave at 1.0230, the EURUSD is consolidating around this level. The pair is likely to break this trend to the downside and then resume the movement inside the downtrend with the first target at 1.0051.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

GBPUSD, “Great British Pound to US Dollar”

GBPUSD is still growing towards 1.2048 and may later form a new descending structure with the first target at 1.1922. After that, the instrument may resume trading upwards to reach 1.1988 and then start declining again towards 1.1814.



British Pounds / US Dollars
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY ended the descending wave at 137.40 along with the correction up to 138.36, forming a new consolidation range between these two levels. If the price breaks the range to the upside, the market may resume growth with the target at 140.00; If on the downside – start a new low to reach 136.50.

US dollar / Japanese yen
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDCHF, “US Dollar vs. Swiss Franc”

After completing the descending wave at 0.9680, the USDCHF is consolidating around this level. The pair is likely to break the range on the upside and form another ascending wave towards 0.9804. After that, the instrument may correct down to 0.9728 and then resume trading upwards with the target at 0.9911.

USDCHF
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

AUDUSD, “Australian dollar to US dollar”

AUDUSD ended the ascending wave at 0.6922. Today, the pair may consolidate around this level. If the price later breaks the range to the downside, the market may resume its decline to reach 0.6802 or even extend this structure down to 0.6676.

AUDUSD
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

print

Brent crude is rising towards 108.55 and may correct later down to 104.11. After that, the instrument may start growing again with the first target at 112.20.

print
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

XAUUSD, “Gold vs. US Dollar”

Gold continues to consolidate around 1705.00. If the price breaks the range to the upside, the market may resume growth with the target at 1767.44; If on the downside – start a new decline to reach 1686.75 and then form another ascending wave towards 1723.44 to extend this structure to reach the aforementioned target.

He went
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

Standard & Poor’s 500

After breaking 3900.0, the S&P is expected to continue growing towards 4010.5. Later, the market may resume falling to reach 3892.0 and then start another growth towards 4000.0 or until this structure extends to 4100.0.

Standard & Poor's 500

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.


Investmacro products link

  • Canadian company with promising assets in the “Lithium Triangle” 20 July 2022
  • Morey Math Lines 20.07.2022 (USDJPY, USDCAD) 20 July 2022
  • Forex Technical Analysis and Forecast 20.07.2022 20 July 2022
  • UK inflation has reached 9.4% which shows that the Bank of England is shamefully incompetent 20 July 2022
  • Analytical Overview of Major Currency Pairs in 2022.07.20 20 July 2022
  • Investors turn their attention to earning season 20 July 2022
  • Patients in the Phase 2A Algeron study showed improved lung capacity 20 July 2022
  • The discovery of lithium LIT may increase the stock price July 19, 2022
  • Advance renewal is imminent as banks create more liquidity to support debt July 19, 2022
  • Why are drug names long and complicated? The pharmacist explains the reasoning behind the label July 19, 2022



Source link

Add a Comment

Your email address will not be published.