Daily analysis of EUR/JPY for July 22, 2016

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Overview

The EURJPY pair repeated fluctuations between the initial support 116.80 and 118.50 resistance yesterday as fading bullish momentum causes the current swings. Stochastic settles around 50 levels as shown on the chart. We remind you that the bullish attempts depend on the price stability above the current support; it will increase the chances of forming the bullish attack and attempt to surpass the current barrier followed by reaching the awaited targets at 119.20 and then 121.00.

The expected trading range for today is between 116.80 and 119.40.

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

Daily analysis of EUR/USD for July 22, 2016

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Overview

The EURUSD pair has not shown any strong moves since morning still fluctuating around 1.1025 levels and holding steadily below 1.1067. The EMA50 keeps placing the intraday trading under negative pressure. Therefore, our bearish overview will remain valid and active for today. Its targets test 1.0938 mainly; this level represents an important key to detect the next destination on the short-term basis. The details of the expected targets of the upcoming period were explained in our morning report.

The expected trading range for today is between the 1.0900 support and the 1.1100 resistance.The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Gold for July 22, 2016

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Overview

The gold price showed some bearish bias after it found sold resistance formed by the EMA50. Besides, Stochastic shows negative signals that might push the price for more negative attempts before turning back to rise. In general, we still expect the bullish trend for the upcoming period unless breaking and holding below 1,297.75 levels. The price needs to breach 1,330.00 levels to reinforce the expectations of heading towards the mark of 1,375.00 that represents the first target of the suggested bullish wave.

The expected trading range for today is between the 1,315.00 support and the 1,360.00 resistance.

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

Daily analysis of Silver for July 22, 2016

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Overview

The silver price rebounded bearishly after the first test to the previously broken intraday trend line (turned into resistance now at 19.95) accompanied by the overbought signals that appear on Stochastic. This might push the price to test the key support base at 19.35 before turning back to resume the positive attempts. Until now, we still keep to our bullish overview for today unless breaking the 19.35 level and holding below it. Main targets begin at 21.08 and extend to 22.00.

The expected trading range for today is between the 19.90 support and the 20.50 resistance.

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