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The GBPUSD pair shows sideways trades since yesterday, moving around 1.2100 now, while the EMA50 continues to press negatively on the price, which keeps the bearish trend scenario valid and active, which its targets begin by breaking 1.2077 to confirm rallying towards 1.1933 as a next station.

Holding below 1.2225 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the intraday basis. The expected trading range for today is between 1.2020 support and 1.2170 resistance.

The expected trend for today: Bearish.

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Google - The price may grow.

If the assumption is correct, after the end of the correction, the price of the asset will grow to the levels of 2561.40–2885.72. In this scenario, critical stop loss level is 2039.50.


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The USDJPY pair opened today with clear positivity to return to the bullish channel again, which leads the price to resume the main bullish trend and stop the bearish correction that dominated the recent trades, waiting to breach 136.7 to confirm extending the bullish wave towards 137.5 as a next positive target. The EMA50 supports the expected rise, which will remain valid unless breaking 135.50 and holding below it.
The expected trading range for today is between 135.60 support and 137 resistance. The expected trend for today: Bullish.

Dow Jones - US market remains negative
The pressure on the US stock market continues: despite the positive reporting, large companies predict a future performance decline. For example, microchip manufacturer Micron Technology Inc. reported a 1.5x increase in net income for the current quarter, its revenue was 8.64B dollars, and earnings per share rose to 2.59 dollars from 2.14 dollars a quarter earlier, but the corporation does not expect the same strong results in next reporting period.

Another negative factor is the situation in the domestic bond market: according to yesterday's trading data, the yield of the leading securities began to rise again. So, at the end of last week, the rate on 10-year US Treasuries rose to 2.952% from 2.889%, while the indicator for global 20-year assets increased to 3.4332% from 3.3671% a few days earlier.
The index quotes move within a wide downward channel in the middle of the range. Technical indicators have significantly weakened the sell signal but still hold it: indicator Alligator's EMA oscillation range has narrowed almost completely, and the AO oscillator histogram is forming new downward bars in the sell zone.

Resistance levels: 31915, 33290 | Support levels: 29968, 28312

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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 1.2816.
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The EURUSD pair resumes its negative trades to surpass 1.0250 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our next main target is located at 1.0100, while holding below 1.0355 represents key condition to continue the suggested decline. The expected trading range for today is between 1.0170 support and 1.0320 resistance. The expected trend for today: Bearish.

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USDCHF - the pair may grow

If the assumption is correct, the USD/CHF pair will grow to the levels of 1.0200–1.0350. In this scenario, critical stop loss level is 0.9490.

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Visa - The price may grow.

If the assumption is correct, an upward correction has started to develop as the wave B of (4), and the price of the asset will grow to the levels of 219.20–226.95. In this scenario, critical stop loss level is 185.70.

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The NZDUSD resumes the decline.
The NZDUSD pair found solid support at 0.6120, to show some bullish bias now, affected by stochastic positivity, waiting to get negative motive that assist to push the price to decline again and head towards our next main target at 0.6100. In general, we will continue to sugges the bearish trend for the upcoming period unless breaching 0.6265 and holding above it. The expected trading range for today is between 0.6100 support and 0.6200 resistance

The expected trend for today: Bearish
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GBP USD Technical Analysis

The GBPUSD pair tested 1.1980 level and keeps its stability below it, to keep the bearish trend scenario active for today, supported by the EMA50 that presses negatively on the price, waiting to get negative motive that assist to push the price to head towards our next target that reaches 1.1860. The expected trading range for today is between 1.1880 support and 1.2040 resistance.

The expected trend for today: Bearish.
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AUDUSD - The pair may fall.

If the assumption is correct, the AUD/USD pair will fall to the levels of 0.6446–0.6082. In this scenario, critical stop loss level is 0.6961.

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XRP USD - Murray analysis

Currently, the price has come close to the middle line of the Bollinger Bands in the area of 0.33, at the breakout of which the growth will be able to continue to the levels of 0.3906, 0.4395. The key for the "bears" remains the 0.293 mark, consolidation of the price below which will give the prospect of further decline to the level of 0.1953 (the lower limit of the descending channel. The downward trend in the market remains, however, the upward reversal of the Stochastic does not exclude the continuation of corrective growth, but this is unlikely to lead to a reversal of the current trend.

Resistance levels: 0.3300, 0.3906, 0.4395 | Support levels: 0.2930, 0.2441, 0.1953

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NZDUSD - The pair may fall.
If the assumption is correct, the NZD/USD pair will fall to the levels of 0.6060–0.5910. In this scenario, critical stop loss level is 0.6257. ----------------------------------------------------------------------------------------
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EURUSD - the probability of continuation of the downward dynamics is high
The EURUSD pair is actively declining ahead of today's publication of the minutes of the last meeting of the European Central Bank (ECB) on monetary policy, trading in the 1.0201 area. Although the goals of the regulator are long-awaited and known, investors hope to hear new signals from officials for making long-term decisions on opening trade deals. The trading instrument is moving within the global downward channel, slowly approaching the parity level. Technical indicators maintain a global sell signal: indicator Alligator's EMA oscillation range expands downwards, and the AO oscillator histogram has formed another downwards bar in the sell zone.

Resistance levels: 1.035, 1.062 | Support levels: 1.016, 1

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USDCAD - the market is preparing for a sharp rate hike by the Bank of Canada
The Canadian currency continues to give way to the US dollar, despite the rather active attempts of the Bank of Canada to prevent the growth of inflation, which reached 7.7% in May. According to the updated forecasts of the Canadian regulator, in the near future the indicator may exceed 8.0% for the first time in 40 years, and therefore the likelihood that the interest rate will be raised immediately by 0.75% on July 13 is very high. In addition, the management of the Bank of Canada publicly acknowledged their mistakes, which led to a sharp rise in prices, promising that from July the analysis of macroeconomic data and forecasts will become more transparent. Canada's business activity data for July is expected to be published today, and data on the state of the labor market, which, according to forecasts, has begun to slow down, will be published tomorrow. On the global chart of the asset, the price is trading within a wide ascending channel with dynamic boundaries of 1.2500–1.3100, having reached the resistance line for the second time since the beginning of summer. The fluctuation range of the Alligator indicator EMAs is holding a buy signal, and the histogram of the AO oscillator is forming new ascending bars, actively rising in the sell zone.

Support levels: 1.2939, 1.2754 | Resistance levels: 1.3075, 1.33

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Amazon.com - The price may grow.

If the assumption is correct, the price of the asset will grow to the levels of 171.15–188.15. In this scenario, critical stop loss level is 102.20.
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Brent Crude Oil: global recession risks increase pressure on the instrument

Brent Crude Oil prices are falling to 101.50 amid investors' fears about the global economy going into recession due to the ongoing military conflict in Ukraine and persistently high inflation in developed countries. Another negative factor for hydrocarbon prices is the discussion by the United States and G7 allies of setting a ceiling price for Russian oil at 40–60 dollars per barrel to reduce energy sales revenues to the Russian Federation's national budget as part of the sanctions policy.
Thus, we can assume that the fall of the trading instrument will continue in the medium term, and the target for sales will be the March low of 98.00. The long-term trend in the oil market remains upward. The key support for the trend is at 98; after holding it, the growth will continue with the target at the June high. Otherwise, the asset may decline to 91.1 and 86.3.

The medium-term trend is downwards. This week, the target zone 2 (108.93–108.06) was broken, which suggests a further decline in prices towards zone 3 (100.23–99.36). The key resistance of the trend is shifting to 110.16–109.31, from where it is worth considering new short positions.

Resistance levels: 107.75, 119.10, 125.65 | Support levels: 101.50, 98., 91.1
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ADAUSD: the market is waiting for the launch of the Vasil update in the main network
Currently, the dynamics of the instrument is influenced by two opposite factors. The traditional pressure on the entire digital asset sector is exerted by the tightening of the monetary policy of the US Fed, which increases the risks of recession in the American economy. The minutes of the last meeting of the regulator confirmed that the rate increase will continue, even despite the economic downturn. In these conditions, investors refuse risky assets, including cryptocurrencies. On the other hand, the community is waiting for the Vasil hard fork, after which the price of the ADA token is projected to rise to around 1. At the weekend, the update was launched in the test network, but the participants of the main Cardano network will be able to prepare for it after at least four weeks. Thus, the fork is expected no earlier than the end of July. The update will increase the speed of operations, expand the possibilities of using smart contracts, as well as launch stable coins based on the Cardano blockchain, which in general should affect its popularity and support the position of ADA. The key for the "bulls" is the 0.4882 mark, the breakout of which will give the prospect of further growth to 0.586) and 0.62. If the support zone breaks down 0.4310-0.3906, the decline will continue to the levels 0.2929 and 0.1953. Technical indicators do not give a single signal: the Bollinger Bands are horizontal and consolidate, as happens before a serious price movement, the MACD histogram is stable in the negative zone, and the Stochastic is directed upwards.

Resistance levels: 0.4882, 0.586, 0.62 | Support levels: 0.3906, 0.2929, 0.1953

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BTCUSD Technical Analysis
Bitcoin closed slightly above $21,835 this morning. Stochastic and RSI are in overbought zone. Resistance is at $22,515, with a hold of this level the price is expected to decline to $20,000 - $18,629.

Trading idea
Sell targeting $20,000 - $18,600 | SL: $22,515
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XAUUSD - The pair is in correction; the probability of fall is maintained.

If the assumption is correct, the decrease in XAUUSD will continue to the area of 1681.1–1621.9. The level of 1811.8 is critical and stop-loss for this scenario.
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