Intraday Forex Tuesday, July 28 (USDJPY, EURUSD, & etc.) The euro hit its highest since late 2008, gold rocketed to record peaks.

Zulbahri_GB

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Hi everyone. This observation is made around 4:00 UTC. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Stocks in Asia Pacific were mostly higher in Tuesday morning trade as investors continued to monitor developments on the coronavirus front.
The dollar drop has put a rocket under gold prices and has the yen standing near its highest in four months, and the kiwi close to its strongest since January.
At the same time the euro’s rise has been unstoppable since European leaders struck a deal for a common debt pool to fund recovery spending in the worst-hit countries.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[USDJPY]
  • Against the Japanese yen, the dollar skidded to a four-month trough at 105.536.
  • Stochastic indicator in over 80 values, entering overvalued range.
  • RSI oscillator also flirting toward the undervalued range.
  • The MACD is trading above its signal line and negative.
Important Levels to Watch for Today:
  • Resistance line of 105.839 and 106.439.
  • Support line of 105.096 and 104.495.
USJDPY.png


[EURUSD]
  • The euro was up at $1.17319, having hit its highest since late 2008 at $1.1781.
  • Stochastic indicator entered undervalued range, with RSI oscillator following toward the range too.
  • The MACD is trading below its signal line and positive.
Important Levels to Watch for:
  • Resistance line of 1.17836 and 1.18661.
  • Support line of 1.16816 and 1.15991.
EURUSD.png


For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 
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