Technical Outlook for GBP/USD 1-7-2015

Technical Outlook for GBP/USD 1-7-2015

Gbp/Usd pair move yesterday in the average price movement of 83 Pips, it records the highest level at 1.5778 the lowest levels at 1.5652 levels and closed at 1.5715 to Lose 20 pips according to yesterday’s economic data.

The pair opened today at 1.5715 oscillatory between the 1.5718 and the 1.5677 levels during the Asian session in a trading average of 40 pips for the limitation of the market liquidity.

The pair is moving in a series of down corrective waves but till now the pair is trading in Strong fluctuation region.

And we saw the pair went down to trade close to our target at 1.5640

It is expected that the pair Pound against the dollar will go to targeted level at 1.5645 in the next few hours According to economic data today.

Today at 12:15 we are looking for ADP Non-Farm Employment Change from USA

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: down

Support levels: 1.5652 and 1.5589 and 1.5526

Resistance levels: 1.5778 and 1.5841 and 1.5904

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Technical Outlook for USD/JPY 1-7-2015

Technical Outlook for USD/JPY 1-7-2015

Usd/Jpy pair moved yesterday in the average price movement of 78 PIPs, it recorded the highest level at 122.72 and the lowest levels at 121.94 levels and closed at 122.39 to lose 15 pips according to Yesterday’s economic data.

The pair opened today at 122.40 oscillatory between the 122.35 and the 122.60 levels during the Asian session in a trading average of 25 pips for the limitation of the market liquidity, and in the European session the pair went up to 122.77.

It is expected that the pair Usd against the Jpy will go to targeted level at 121.90 in the next few hours.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: Down

Support levels: 121.98 and 121.57 and 121.20

Resistance levels: 122.76 and 123.13 and 123.54

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Technical Analysis for Dow Jones 1-7-2015

Technical Analysis for Dow Jones 1-7-2015

Dow Jones moved yesterday in the average movement of 168 pips, its highest level at 17642 and the lowest Level at 17474 and closed at 17518 to Lose 22 pips, during yesterday’s trading.

Dow opened today's trading at 17522 volatile between 17518 and 17590 during the Asian session trading at 70 pips for the poor liquidity in the market range, and in the European session the dow went down to 17665

Dow moves in a series of up impulse waves after breaking the price channel.

It is expected that the oil is heading targeting 17720 to make a little of correction as the target on time frame of four hours and till now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 17447 and 17376 and 17279

Resistance levels: 17615 and 17712 and 17783

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Technical Outlook for EUR/USD 1-7-2015

Technical Outlook for EUR/USD

Eur/Usd pair moved yesterday in the average price movement of 132 Pips, it recorded the highest level at 1.1246 and the lowest at 1.1114 and closed at 1.1145 to lose 90 PIP According to Greece’s dept problem.

The pair opened today at 11145 oscillatory between the 1.1116 and the 1.1145 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.1104.

The pair is moving in a series of up impulse waves in a parallel price channel, and now it is expected that the pair will go down to retest the lower limit of the channel to Boomerang up

And we saw the achieved our target at 1.1150

It is expected that the pair eur /usd will reach the targeted level at 1.1090 in the next few hours, and then to 1.1185

Today at 12:15 we are looking for ADP Non-Farm Employment Change from USA

The Relative Strength Indicator "RSI" reveals the distribution operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1090 and 1.1036 and 1.0958

Resistance levels: 1.1222 and 1.1300 and 1.1354

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