Daily Technical Analysis 7/19/2024

Finance and economics explained simply
Daily Technical Analysis 7/19/2024

EUR/USD

The euro dollar is falling this morning and trading at $ 1.0889 by 0.07%, and technically the pair reached the third resistance area and is currently testing the area, and the expected scenarios are to continue the rise by targeting 1.09256 and the alternative scenario is to fall by targeting the second resistance area,

News you may like the movement of the Eurodollar:

Second resistance area

1.07959 - 1.08017

First resistance area

1.07422 - 1.07486

fulcrum

1.07245

First support area

1.06980 - 1.07086

Second support area

1.06490 - 1.06592

GBP/USD

The British pound fell this morning by 0.12% and is currently trading at $1.2928, technically speaking: Resistance areas have become support areas, and the prevailing trend is upward, and the possible scenarios are to continue to rise by targeting the pivot point, and the alternative scenario is to fall to retest the second support area

News you may want to move the pair:

Second resistance area

1.33441 - 1.33818

First resistance area

1.32237 - 1.32532

fulcrum

1.31151

First support area

1.29717 - 1.29944

Second support area

1.28646 - 1.28943

USD/JPY

The dollar has been rising since yesterday after falling last week and is currently trading at 157.45 from a technical point of view: The expected scenarios are to rise by targeting the first support area and the alternative scenario is to fall by targeting the second support area again

Upcoming news that may affect the movement of the dollar/yen:

Second resistance area

163.079 -163.555

First resistance area

159.845 -160.165

fulcrum

159.000

First support area

155.406 - 155.343

Second support area

156.341 - 156.260

AUD/USD

The euro is down this morning and is trading at $1.0843, down 0.12% technically: The euro from the pivot area at 1.08372 and reaches the first resistance area and fails to break the area and then draws the price rebound from the levels of the pivot area and targets the pivot area and then the first support area and the alternative scenario and then goes to the second resistance area.

News that may affect the movement of the Australian dollar against the US dollar:

Second resistance area

0.66143 - 0.66231

First resistance area

0.65663 - 0.65783

fulcrum

0.65217

First support area

0.64541 - 0.64633

Second support area

0.60219 – 0.59604

USOIL

Oil prices fell this morning Oil is down 0.11% and is currently trading at $80.72 per barrel. Technically, oil targeted $85.58, and it is possible to fall by targeting the second resistance area and then the first resistance, and the alternative scenario is to continue to rise by targeting $85.58 levels

Upcoming news may affect the movement of oil:

Second resistance area

81.71 - 82.00

First resistance area

79.08 - 79.38

fulcrum

77.47

First support area

75.20 - 75.67

Second support area

73.13 - 73.62

XAU/USD

Gold is falling this morning, falling with the European session and is currently trading at 2417.44 dollars per ounce. Technically, after breaking the previous high for gold, all resistance areas became new support areas, and currently gold is returning and testing the second support area, and the possible scenarios are to continue the decline by targeting 2377.35, and the alternative scenario is to rebound and rise to the first support area

News you may like the movement of the Eurodollar:

Wednesday :

  • Euro: Consumer Price Index 12:00
  • Euro: Index of available prices as of 16:00

Second resistance area

2,530.06 - 2,535.45

First resistance area

2,500.40 - 2,505.19

fulcrum

2,477.45

First support area

2451.17 - 2446.43

Second support area

2408 - 2413.10

Related Posts