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Crude Oil - growth amid a possible shortage in the oil market
The trading instrument is supported by the latest decisions of the leaders of the G7 and macroeconomic statistics. Yesterday, during the summit, it was decided to study ways of forcibly limiting prices for Russian oil, but it increased investors' fears of an additional shortage in the energy market. Earlier, Russian officials have already stated that the country will not trade hydrocarbons at a loss, so any attempts to artificially limit prices may lead to Russia's refusal to supply oil to the G7 countries and the final reorientation of exports to Asian markets, which is happening now. Meanwhile, there is nothing to replace Russian energy carriers since the calculation of additional purchases from Saudi Arabia, and the United Arab Emirates is not justified. Previously, it was believed that the two countries have a reserve of mining capacity to cover the shortage of proposals. Still, this week, UAE Energy Minister Suhail al-Mazroue said that the country's production of raw materials is close to the maximum, and it is unlikely that it will be possible to increase it significantly. Saudi Arabia, according to experts, will be able to increase production by no more than 150K barrels per day, which will not cover the demand.
The price is moving within the ascending channel. The key "bullish" level is the middle line of Bollinger bands around 115.40, the breakout of which will give the prospect of further growth to 118.75 (Murrey [3/8]), 125.00 (Murrey [4/8], the upper line of the ascending channel). If the asset consolidates below 111.50 (Fibonacci retracement 23.6%), the decline may resume to 106.25 (Murrey [1/8]), 102.50 (Fibonacci retracement 38.2%).

The indicators do not give a single signal: Bollinger bands reverse downwards, the MACD histogram is stable in the negative zone, but Stochastic points upwards.

Resistance levels: 115.40, 118.75, 125 | Support levels: 111.50, 106.25, 102.5

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XRP USD - Murrey analysis
An important support level of 0.2930 (Murrey [2/8], Fibonacci retracement 0.0%) is currently on the way of quotes, which the price has already unsuccessfully tested this month. Its breakdown will give the prospect of further decline to 0.1953 (Murrey [0/8]), 0.0977 (Murrey [–2/8]), and 0.0428 (61.8% Fibonacci extension). The key “bullish” level is 0.3906 (Murrey [4/8]). After the consolidation above it, recovery to 0.4883 (Murrey [6/8]), 0.5371 (Murrey [7/8], Fibonacci correction 23.6) may begin %), 0.5859 (Murrey [8/8]) is possible. Technical indicators generally confirm the continuation of the downward trend: Bollinger bands and Stochastic are directed downwards, while the MACD histogram is stable in the negative zone.

Resistance levels: 0.3906, 0.4883, 0.5371, 0.5859 | Support levels: 0.2930, 0.1953, 0.0977, 0.0428.

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DAX 30, H4
On the four-hour chart, there is a lateral movement of the asset within the boundaries of 12829–13323, and at the moment a Bearish Rectangle price pattern is being formed, the exit from which, most likely, can be carried out downwards, as well as a "bearish" Pattern Method of Three Falling, which signals about the continuation of the downtrend. Nevertheless, the growth of quotations is estimated as a probable scenario with a short-term correction to the resistance level of 13323, after which the instrument will resume its decline to the level of 12829. Breaking this level will mean that the Bearish Rectangle price pattern is entering its final stage and the downward movement will intensify into the support zone of 12533–11305. An alternative scenario can be implemented if the "bulls" fix their positions above 13323; then it will be possible to restore the price to the range of 14240–1512. DAX 30, D1
On the daily chart, in the area of 13323, a Bearish Engulfing pattern is observed, which indicates that buyers could not hold their positions that day, falling to the level of 12829; however, immediately after it, a Bullish Engulfing pattern formed at the same level, which signals a price reversal at the bottom, although the buyers' attempt was unsuccessful and the model did not receive confirmation of the market's "bullish" mood. The signal for this was the formation of a "bearish" Shooting Star model under the resistance level of 13323. At the moment, the likely scenario is that the asset will fall to the support level of 12533, overcoming which will allow the "bulls" to head lower to the zone of 11947–11305. Support levels: 12533, 11947, 11305 | Resistance levels: 13323, 14240, 15120

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USDCHF - The pair is in a correction and may grow.

If the assumption is correct, after the end of the correction, the USDCHF pair will grow to the levels of 1.0200–1.0350. In this scenario, critical stop loss level is 0.9455.


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The USDTRY pair faced strong negative pressures recently, which pushed it to exit the bullish track by crawling below 16.86 support line, suffering some losses by declining towards 16.02 that forms 50% Fibonacci correction level.

The current positive rebound hints the attempts to gather the additional negative momentum, to expect consolidating below the broken support and start forming new negative trades to target 16.3 followed by repeating the pressure on 16 barrier. The expected trading range for today is between 16.725 and 16.3. The expected trend for today: Bearish

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USDCAD - The pair may grow.

If the assumption is correct, the USD/CAD pair will grow to the levels of 1.3410–1.3700. In this scenario, critical stop loss level is 1.2507.

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NZDUSD, H4
On the four-hour chart, under the resistance level of 0.6312, there is the formation of the Three Black Crows candlestick analysis pattern, which is a downtrend continuation pattern, as well as the Evening Star pattern, which formed at the level of 0.6252 after a short-term upward correction. The combination of these patterns indicates systematic pressure from sellers. A likely scenario is a decrease in the asset to the support level of 0.6122, overcoming which will become a catalyst for the movement of quotes to the zone of 0.5933–0.5621; however, there is a risk that the "bulls" will withstand the blow and, if the price rebounds from the level of 0.6122, the asset may reverse and head to the resistance range of 0.6312–0.6870. NZDUSD, D1
On the daily chart, a Descending Triangle price pattern is forming, the exit from which can be carried out downwards, which is confirmed by falling highs and a horizontal support level. In addition, there is the formation of Falling Three Methods patterns, signaling the continuation of the downtrend. If the price consolidates below the support level of 0.6122, the "bears" will be able to increase pressure up to the level of 0.5621. Support levels: 0.6122, 0.5933, 0.5621 | Resistance levels: 0.6312, 0.6563, 0.687

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XAU USD - The pair may grow.

If the assumption is correct, the XAU/USD pair will grow to the levels of 2000–2070.42. In this scenario, critical stop loss level is 1784.69.

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Crude Oil - The price may fall.

If the assumption is correct, Brent Crude Oil will fall to the levels of 77.08–62.5. In this scenario, critical stop loss level is 126.4.

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USDCHF, D1
On the daily chart, the USD/CHF pair has been trading within the sideways range of 1.0025–0.9565 for more than two months (correction of 0.0% and 50.0%) and is currently trying to consolidate under its lower border again, after which the downward dynamics may develop to the levels 0.9460 (correction 61.8%) and 0.9400 (correction upward fan line 50.0%). The key “bullish” level is the resistance zone 0.9675–0.9710 (correction 38.2%, the middle line of Bollinger bands), upon breakout of which, growth can resume to 0.9810 (correction 23.6%), 1.0025 (correction 0.0%). Technical indicators do not give a single signal: Bollinger bands are horizontal, the MACD histogram is increasing in the negative zone, and Stochastic reverses upwards.

USDCHF, W1
On the weekly chart, the USD/CHF pair fell to 0.9550 (38.2% correction), supported by the middle line of Bollinger Bands, consolidation below which will allow the asset to decline to 0.9400 (50.0% correction) and 0.9275 (61.8% correction) but it will have to overcome the rising counter fan. After the breakout of 0.9715 (correction 23.6%), the price will be able to return to 1.0000 (correction 0.0%).

Technical indicators do not give a single signal: Bollinger bands are directed upwards, confirming the continuation of the upward trend, but the MACD histogram is decreasing in the positive zone, and Stochastic is directed downwards. The decline will remain relevant if the consolidation below 0.9500 (the middle line of Bollinger bands, W1) with the targets at 0.9400 (correction 50.0%, W1, ascending fan line 50.0%, D1), 0.9275 (correction 61.8%, W1). After the asset consolidates above 0.9715 (the middle line of Bollinger bands, D1, correction 23.6%, W1), positive dynamics can resume to 0.9810 (correction 23.6%, D1) and 1.0000 (correction 0.0%, W1).

Resistance levels: 0.9715, 0.9810, 1 | Support levels: 0.9500, 0.9400, 0.9275

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Crude Oil - A fall is possible.

If the assumption is correct, WTI Crude Oil price will fall to the levels of 82.3–67. In this scenario, critical stop loss level is 123.8.

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eBay - technical analysis
On the daily chart of the asset, the price is falling within the narrow downwards channel of 40–46, approaching its lower border. The key support of the trading instrument is the annual level of 41; after its breakdown, the current trend will intensify.

On the four-hour chart, the quotes are in the middle of a downwards channel, attempting to consolidate below the low of the last week at 41, after which the lower limit of the range of 35 will become the target level. The movement in the direction of which is confirmed by the signals of technical indicators: fast EMAs on the Alligator indicator are far away from the signal line, and the histogram of the AO oscillator forms downward bars in the sell zone.

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Silver - A fall is possible.

If the assumption is correct, the XAG USD pair will fall to the levels of 18.4–15.6. In this scenario, critical stop loss level is 21.53.

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EURUSD - market uncertainty remains
The European currency started the new week with a local decline, as investors still cannot fully appreciate the impact of Friday's data on consumer prices on the long-term exchange rate. According to the June report, the indicator added 0.8%, thereby ensuring the growth of the annual inflation rate to a record 8.6%, which exceeded the analysts' forecast, which suggested an increase to 8.4%. The core consumer price index, which excludes fuel and food prices, rose 3.7%, down from 3.8% a month earlier, suggesting that the European Central bank (ECB) cannot solve the energy market situation. Today, several regulator officials will comment on further plans to reduce inflation, and investors expect to hear about possible new measures that will allow them to determine the direction of future transactions. The trading instrument is moving within the global downward channel, clamping within the Triangle pattern. Technical indicators maintain a global sell signal: indicator Alligator's fast EMA oscillation range expands downwards, and the AO oscillator histogram has formed another downward bar, being in the sell zone.

Resistance levels: 1.0585, 1.0775 | Support levels: 1.0366, 1.02

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Netflix - The price may grow.

If the assumption is correct, the price of the asset will grow to the levels of 326.97–397. In this scenario, critical stop loss level is 163.03.
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The NZDUSD pair managed to achieve our extended target at 0.6150, and bounced bullishly to breach 0.6210 that forms key resistance now, as it keeps its stability below it until now, to support the continuation of the expected negative scenario on the intraday and short term basis, waiting to get negative motive that assist to push the price to surpass 0.6150 and head towards 0.6100 as a next target. Therefore, the bearish trend scenario will remain valid unless breaching 0.6210 followed by 0.6280 levels and holding above them. The expected trading range for today is between 0.6150 support and 0.6250 resistance.

The expected trend for today: Bearish.

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The NZDUSD pair provided positive trades yesterday but it stopped at the EMA50 that formed good resistance against the price, to decline again and test 0.6210 level, waiting for more bearish bias to head towards our next main target at 0.6100. Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6270. The expected trading range for today is between 0.6150 support and 0.6250 resistance. The expected trend for today: Bearish.

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BTCUSD - "digital gold" remains under pressure
In June, the coin showed the worst dynamics in 12 years, losing 38% of its value, and in Q2 the indicators dropped by 58% to the values of 2011. In the near future, the overall pressure on the cryptocurrency sector may increase, as serious economic difficulties that have arisen for a number of large companies focused on digital assets have joined the problem of global monetary policy tightening.

During Q2, global regulators repeatedly raised interest rates, in particular, the US Fed adjusted them by 125 basis points in total, bringing them to 1.75%. Such a rapid tightening caused investors to fear a recession and led to their withdrawal from risky assets, including digital ones. A serious decline in prices caused problems for a number of companies, only increasing the panic in the cryptocurrency market. Thus, due to the liquidity crisis, the activities of the large Singapore cryptocurrency hedge fund Three Arrows Capital, known for its "bullish" bets, were discontinued. The credit company Celsius Network and the crypto exchange CoinFLEX have suspended withdrawals for customers, citing "extreme market conditions." In an effort to reduce losses, the Huobi trading platform plans to cut about 30% of employees, and the Hong Kong OSL exchange – about 15%.

In general, the fundamental picture continues to be unfavorable and, according to a number of experts, within a few months BTC will be able to reach the "bottom" in the region of 10K dollars per coin. Technically, the price is close to the 18750 mark (Murray [2/8]), the breakdown of which will give the prospect of further decline to the levels of 15625 (Murray [1/8]), 12500 (Murray [0/8]) and 10000. With a breakout of the level of 25000 (Murray [4/8], Fibo retracement of 23.6%), growth will be able to resume to 28125 (Murray [5/8]), 31250 (Murray [6/8]).

Technical indicators do not give a single signal: the Bollinger Bands consolidate before a serious movement, the MACD histogram decreases in the negative zone, and the Stochastic is directed upwards.

Resistance levels: 21875, 25000, 28125, 31250 | Support levels: 18750, 15625, 12500, 10000

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EURUSD - The pair may fall.

If the assumption is correct, the EURUSD pair will fall to the levels of 1.03–1.02. In this scenario, critical stop loss level is 1.0608.


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GBPUSD - The pair may fall.

If the assumption is correct, the GBP/USD pair will fall to the levels of 1.1750–1.1550. In this scenario, critical stop loss level is 1.2330.


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