Volumetric analysis on July 11.

 

EUR/USD

Instrument bounce in the price range of 1.1752-1.1790 and 1.1695-1.1670 as boundaries. To determine in which direction the output of the price will be difficult, since the volume that was traded in this outset is quite large. And this can be both the strength of buyers and sellers. Make trading decisions correctly after the price comes out of the outset. And if it is going up, then the goals can be taken far away. If down, then mark at 1.1620 is the place where, most likely, will be a reaction to the fall.

 

GBP/USD

The picture is similar to the European currency chart. The price of GBPUSD is also in the range with the boundaries of 1.3300-1.3360 and 1.3232-1.3190. Trading in the outset of the range is possible, but, usually it is difficult and it will be more correct to wait for any impulse. Moreover, a small political crisis in England might cause the volatility soon.

 

USD/CAD

Today is the Bank of Canada interest rate decision and the fact that the forecast value of 1.5, says that this rate is already represented in the price. Even its immediate increase will not lead to a strong fall in the USDCAD pair. However, we will expect that any event and publication will not be unexpected for market participants, and the trend will not be broken, and therefore the price will not rise above 1.3225.

 


Do you want to practice and test the analyst's assumptions? Open a demo account in ARUM Capital!

If you are confident in your abilities and consider the risks, you can open a real account for trading.

Open a demo account   Open a real account

 

 


Care. The provided market analysis materials are a professional opinion of an associate of ARUM CAPITAL. These materials are provided for infomation purposes only. In no way can the provided analysis be considered as an action signal, neither is it any sort of investment advice (for the purposes of EU Directive 2004/39/EC). ARUM CAPITAL waives any liability for the trading results which may arise after using these reviews. These materials contain NO warranties or guarantees, either direct or implicit, on the precise, complete or confirmed character of the details they contain.

 

Thank you! Your request has been sent. Our team will contact you shortly.