logo |

News

    Home   >     Industry    >     Main body

    Daily Forex Analysis - 27th July 2021

    Abstract:Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY

      

    JIN

      USD Overview (27 July 2021)

      Yesterday, USD strengthened against all major currencies.

      The New Home Sales data (Actual: 676K, Forecast: 800K, Previous: 724K revised from 769K) released yesterday indicated a decline in the number of new home sold in June.

      The Conference Board Consumer Confidence data (Forecast: 124.2, Previous: 127.3) will be released later at 2200 (GMT+8).

      NZD/USD Outlook (27 July 2021)

    image.png

      Overall, NZD/USD is ranging across. Recently, NZD/USD bounced off the support zone of 0.69500.

      Currently, NZD/USD is testing to break above the key level of 0.70. Its next support zone is at 0.69500 and the next resistance zone is at 0.71000.

      Look for buying opportunities of NZD/USD if it breaks above the key level of 0.70.

      AUD/USD Outlook (27 July 2021)

    image.png

      Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300.

      Reserve Bank of Australia Deputy Governor Debelle will be speaking later at 2035 (GMT+8). During this time, there may be volatility in AUD.

      The Australian CPI q/q data (Forecast: 0.7%, Previous: 0.6%) will be released tomorrow at 0930 (GMT+8).

      Currently, AUD/USD is moving up towards the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.

      Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.

      USD/JPY Outlook (27 July 2021)

    image.png

      Overall, USD/JPY is ranging across.

      Bank of Japan Governor Kuroda will be speaking later at 1530 (GMT+8). During this time, there may be volatility in JPY.

      Currently, USD/JPY is moving down towards the key level of 110. Its next support zone is at 108.500 and the next resistance zone is at 110.800.

      Look for selling opportunities of USD/JPY if it breaks below the key level of 110.

      EUR/USD Outlook (27 July 2021)

    image.png

      Overall, EUR/USD is trending downwards. Recently, EUR/USD moved into the resistance zone of 1.18200.

      The German ifo Business Climate data (Actual: 100.8, Forecast: 102.3, Previous: 101.8) released yesterday indicated a decline in business sentiment from the surveyed businesses due to concerns on rising COVID cases in Germany and supply constraints.

      Currently, EUR/USD is testing the resistance zone of 1.18200 and the next support zone is at 1.16300.

      Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.18200.

      GBP/USD Outlook (27 July 2021)

    image.png

      Overall, GBP/USD is ranging across. Recently, GBP/USD trended up into the resistance zone of 1.38000.

      Currently, GBP/USD is testing the resistance zone of 1.38000 and the next support zone is at 1.36000.

      Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.38000.

      USD/CAD Outlook (27 July 2021)

    image.png

      Overall, USD/CAD is trending upwards. Recently, USD/CAD rejected the resistance zone of 1.26100.

      USD/CADs next support zone is at 1.24500 and the next resistance zone is at 1.26100.

      Look for short-term selling opportunities of USD/CAD.

      GBP/JPY Outlook (27 July 2021)

    image.png

      Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke above the key level of 152.

      GBP/JPYs next support zone is at 151.000 and the next resistance zone is at 153.800.

      Look for buying opportunities of GBP/JPY.

      EUR/JPY Outlook (27 July 2021)

    image.png

      Overall, EUR/JPY is trending downwards.

      The German ifo Business Climate data (Actual: 100.8, Forecast: 102.3, Previous: 101.8) released yesterday indicated a decline in business sentiment from the surveyed businesses due to concerns on rising COVID cases in Germany and supply constraints.

      Currently, EUR/JPY is testing the resistance zone of 130.000 and the next support zone is at 128.500.

      Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 130.000.

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.