My weekly Forex Outlook on IBTimesFX
What do we expect from the US:
EUR/USD
Daily Chart:
EUR/USD broke through the 23.6 Fibo line but couldn't go further.
60 min. Chart:
Since begin of the week the EUR/USD made 161 pips to its top at Friday, 9th July 2:00 GMT. But from there it lost already 71 Pips. MACD and Stochastic show us divergence.
GBP/USD
Daily Chart:
GBP/USD didn't break through the 38,2 Fibo Level. It also tested the 200 days MA without a breakthrough.
60 min. Chart:
The pair went under the 200 periods SMA.
USD/JPY
Daily Chart:
60 min. Chart:
The 200 periods SMA has been broken. On the 60 min. Chart we can see a divergence in the MACD and also the Stochastic.
USD/CHF
Daily Chart:
The USD/CHF broke the resistance at 1.0500.
4h Chart:
A bullish divergence occurred on the MACD.
60 min. Chart:
No economic news next week.
USD/CAD
Daily Chart:
Prices broke though the 200 days SMA.
AUD/USD
Daily Chart:
60 min. Chart:
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