Forex review for July 19th

Με λοξές ματιές στο 10ετές
July 19, 2016
METKA – Κοντά σε κρίσιμα επίπεδα
July 19, 2016

EURUSD

still trapped inside the trading range and testing the lower boundary of the range.

eurusd

USDJPY

is building a bearish wedge pattern just below the 61.8% Fibonacci retracement. A break above the fibo resistance could push price towards 108.

USDJPY

USDCAD

remains inside the long-term triangle pattern with upper boundary at 1.31 and lower boundary at 1.2850.

USDCAD

AUDUSD

has given a reversal signal last week and is approaching short-term support at 0.7450-0.7475. I prefer to take profits from short positions from 0.76.

AUDUSD

NZDUSD

much more downside expected towards 0.69 after breaking the upward sloping wedge.

nzdusd

USDX

has broken the short-term consolidation and is above its short-term resistance and previous high of 96.70 but has reached the upper channel boundary which is also an important resistance….

usdx

Thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.