Technical analysis of EUR/USD for July 22, 2015 Market Analysis Review

When the European market opens, the economic news on Italian Retail Sales m/m is due.The US will release data on crude oil inventories, existing home sales, and HPI m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0988.

Strong Resistance:1.0982.

Original Resistance: 1.0971.

Inner Sell Area: 1.0960.

Target Inner Area: 1.0935.

Inner Buy Area: 1.0910.

Original Support: 1.0899.

Strong Support: 1.0888.

Breakout SELL Level: 1.0882.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Technical analysis of USD/JPY for July 22, 2015 Market Analysis Review

In Asia, Japan will release data on the all industries activity index m/m and the US will release data about crude oil inventories, existing home Sales, and HPI m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.38.

Resistance. 2: 124.14.

Resistance. 1: 123.89.

Support. 1: 123.60.

Support. 2: 123.35.

Support. 3: 123.11.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company - www.instaforex.com

For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for July 22, 2015 . Thanks for your support.

Technical analysis of Gold for July 22, 2015. Market Analysis Review

Technical outlook and chart setups:

Gold is trading lower around the level of $1,095.00 levels for now, consolidating before pushing higher towards $1,130.00/40.00 levels. The metal remains in control. The metal us likely to find support around $1,030.00 as discussed earlier. It is recommended to remain flat for now and look for an opportunity to sell higher towards $1,130.00/40.00. Immediate support is seen at the level of $1,087.00 (interim), followed by $1,052.00, $1,030.00, and lower, while resistance is seen at $1,130.00/40.00 followed by $1,150.00, $1,175.00, and higher respectively.

Trading recommendations:

Remain flat now.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Gold for July 22, 2015. . Thanks for your support.

Technical analysis of Silver for July 22, 2015. Market Analysis Review

Technical outlook and chart setups:

Silver is trading around $14.75 at the moment, consolidating in a cone manner as depicted here. A south-side breakout could push the metal down to test the level of $14.55 and lower to perform a bullish break of $15.20 and $15.50 respectively. It is recommended to hold long positions for now with risk at $14.25. Immediate support is seen at the level of $14.55 (interim), followed by $14.00, $13.00, and lower while resistance is seen at $15.20 followed by $15.50, $15.75 (interim), and higher respectively.

Trading recommendations:

Remain long with stop at the level of $14.25 for now.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of Silver for July 22, 2015. . Thanks for your support.

Technical analysis of EUR/JPY for July 22, 2015 Market Analysis Review

Technical outlook and chart setups:

The EUR/JPY pair is retracing lower around to the territory around 135.45/50 now after hitting 135.75 earlier. The pair is expected to form a base around 135.00/134.80, before resuming its rally. Please note that the short-term support trendline is also passing through the same levels. It is recommended to hold long positions for now with risk at 133.00. Immediate support is seen at 134.00/20 levels (interim) followed by 133.00/25, 131.50, and lower respectively, while resistance is seen at 136.30 levels followed by 137.75, 139.00, and higher respectively.

Trading recommendations:

Remain long for now, stop is at 133.00, a target is open.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for July 22, 2015 . Thanks for your support.

Technical analysis of GBP/CHF for July 22, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair is trading around the level of 1.4900 at the moment, after reaching lows at 1.4875 in early hours today. As we can see here, the pair has hit its first expected fibonacci extension level for now, and a pullback could be possible. It is recommended to book profits on short positions taken earlier and remain flat for now. Immediate support is seen at 1.4850 followed by 1.4750, 1.4560, and lower, while resistance is seen at 1.5025 followed by 1.5100 and higher respectively. Please note that the pair could still drop to 1.4800 before resuming rally.

Trading recommendations:

Book profits on short positions taken earlier, and remain flat for now.

Good luck!

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For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for July 22, 2015 . Thanks for your support.

Daily analysis of USDX for July 22, 2015 Market Analysis Review

The USDX did a pullback. Now, it is consolidating back below the resistance level of 97.47 on the daily chart and that's why the nearest targets are located in the downside, around the support level of 96.57. A breakout there will open doors to the important support at 95.63. The MACD indicator is still at positive territory.

On the H1 chart, the USDX is forming a lower low pattern above the 200 SMA now and we should be aware of support zone around the level of 97.12, because a breakout could happen there. On the other hand, we can expect a rebound there also, if the Index finds strong dynamic support on that moving average mentioned above.

Daily chart's resistance levels: 97.57 / 98.29

Daily chart's support levels: 96.57 / 95.63

H1 chart's resistance levels: 97.53 / 97.77

H1 chart's support levels: 97.12 / 96.73

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the US Dollar Index breaks with a bullish candlestick; the resistance level is at 97.53, take profit is at 97.72, and stop loss is at 97.31.

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