{"id":30935,"date":"2012-07-18T06:24:39","date_gmt":"2012-07-18T10:24:39","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=30935"},"modified":"2012-07-18T06:24:39","modified_gmt":"2012-07-18T10:24:39","slug":"real-forex-daily-review-18-07-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/18\/real-forex-daily-review-18-07-2012\/","title":{"rendered":"Real-Forex Daily review- 18.07.2012"},"content":{"rendered":"

Daily Market Analysis provided by Real-Forex<\/a><\/strong><\/strong><\/strong><\/strong><\/span><\/h3>\n

Tracking the EUR\/USD pair<\/strong><\/p>\n

Date: 17.07.2012\u00a0\u00a0 Time: 16:50\u00a0 Rate: 1.2224
\nDaily chart
\nThe price has checked again the 1.2290 price level, but at this point could not close a candle above this level, so at this point this level can be used as a resistance level. Breaking of the 1.2290 price level will probably lead the price to a Fibonacci correction in size of between a third and two thirds of the last downtrend which started at the 1.2692 price level. On the other hand, continuation of the downtrend will lead the price at first stage to the \u201cOne in, one out\u201d pattern target on the 1.2122 price level (red broken lines).
\nYou can see the chart below:
\n\"\"<\/p>\n

4 Hour chart
\nDate: 17.07.2012\u00a0\u00a0 Time: 17:03\u00a0 Rate: 1.2234
\nThe price breached the 1.2290 but came back right after. Now the price is in the middle of the range between the 1.2167 and the 1.2290 price levels. Breaching of the 1.2290 resistance level will indicate that the price will continue at first stage to the 1.2340 price level, which is a 38.2% Fibonacci correction of the downtrend marked in red broken line. On the other hand, breaking of the 1.2167 price level will sign the continuation of the downtrend.
\nYou can see the chart below:
\n\"\"<\/p>\n

GBP\/USD
\nDate: 17.07.2012\u00a0\u00a0 Time: 17:15\u00a0 Rate: 1.5611
\n4 Hour chart
\nThe price has reached the \u201cOne in, one out\u201d pattern by touching the 1.5670 price level. Breaching of this level again will indicate that the price will continue towards the closest resistance on the 1.5716 price level. On the other hand, descend of the price under the 1.5517 price level will create descending price structure, that will probably lead the price back to the last low on the 1.5400 price level at first stage.
\nYou can see the chart below:
\n\"\"<\/p>\n

AUD\/USD
\nDate: 17.07.2012\u00a0\u00a0 Time: 17:22\u00a0 Rate: 1.0293
\n4 Hour chart
\nThe price has breached the 1.0251 price level and reached the \u201cOne in, one out\u201d pattern target on the 1.0300 price level. The price is moving in an ascending price structure while the continuation of the uptrend will lead the price towards the last peak on the 1.0326 price level. On the other hand, breaking of the 1.0202 price level will probably create a descending price structure which will lead the price towards the last low on the 1.0123 price level.
\nYou can see the chart below:
\n\"\"<\/p>\n

Important announcements for today:
\n09.30 (GMT+1) GBP \u2013 Claimant Count Change
\n09.30 (GMT+1) GBP \u2013 MPC Meeting Minutes
\n13.30 (GMT+1) USD \u2013 Building Permits
\n15.00 (GMT+1) USD \u2013 Fed Chairman Bernanke Testifies
\n15.30 (GMT+1) CAD \u2013 BOC Monetary Policy Report
\n16.15 (GMT+1) CAD \u2013 BOC Press Conferance<\/p>\n

 <\/p>\n

Daily Market Analysis provided by Real-Forex<\/a><\/strong><\/strong><\/span><\/h3>\n

Real-Forex offers institutional-level FX trading conditions, for private and corporate investors. We strive to provide our clients with superior technology and exemplary customer service through our live 24\/5 online support and with one of the most advanced yet easy-to-use ECN platform on the market: the Real Stream FX<\/a> platform.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Daily Market Analysis provided by Real-Forex Tracking the EUR\/USD pair Date: 17.07.2012\u00a0\u00a0 Time: 16:50\u00a0 Rate: 1.2224 Daily chart The price has checked again the 1.2290 price level, but at this point could not close a candle above this level, so at this point this level can be used as a resistance level. Breaking of the … <\/p>\n

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