{"id":4831,"date":"2021-07-21T09:18:53","date_gmt":"2021-07-21T09:18:53","guid":{"rendered":"https:\/\/blog.sevenstarfx.com\/?p=4831"},"modified":"2021-07-21T09:18:53","modified_gmt":"2021-07-21T09:18:53","slug":"daily-market-outlook-21-july-2021","status":"publish","type":"post","link":"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-21-july-2021\/","title":{"rendered":"Daily Market Outlook, 21 July, 2021"},"content":{"rendered":"

EUR\/USD Intraday: <\/span>Resistance at 1.17870<\/strong><\/h3>\n

Our pivot point is at 1.17870<\/strong><\/p>\n

Preferable Price Action<\/strong>: Take short positions below pivot level with targets at 1.17490 & 1.17280 in extension.<\/p>\n

Alternative Price Action<\/strong>: Above pivot looks for a further upside to 1.18280 & 1.18490.<\/p>\n

Comment: <\/strong>Pair below its 20MA & 55MA and RSI below 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

GBP\/USD Intraday: <\/span>Trend on the downside<\/strong><\/h3>\n

Our pivot point is at 1.36610<\/strong><\/p>\n

Preferable Price Action<\/strong>: Sell positions below pivot with targets at 1.35430 & 1.34810 in extension.<\/p>\n

Alternative Price Action<\/strong>: The price above pivot would call for further upside to 1.38020 & 1.38650.<\/p>\n

Comment<\/strong>: Price below its 20MA & 55MA and RSI below 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

USD\/JPY Intraday:<\/span> Trend on the upside<\/strong><\/h3>\n

Our pivot point is at 109.700<\/strong><\/p>\n

Preferable Price\u00a0<\/strong>Action:<\/strong> Buy position above pivot with the target at 110.120 and 110.360 in extension.<\/p>\n

Alternative Price Action<\/strong>: The downside breakout of the pivot would call for 109.320 and 109.020.<\/p>\n

Comment<\/strong>: price above its 20MA & 50MA and MACD in positive territory.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

AUD\/USD Intraday: <\/span>Resistance at 0.73450<\/h3>\n

Our pivot point is at 0.73450<\/strong><\/p>\n

Preferable Price Action: <\/strong>Sell Positions below pivot with targets at 0.72680 & 0.72260 in extension.<\/p>\n

Alternative Price Action<\/strong>: Above pivot looks for a further upside with 0.74260 & 0.74680 as targets.<\/p>\n

Comment<\/strong>: Pair below its 55MA & 20MA and RSI below 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

CRUDEOIL Intraday:<\/span> Strong trend on the downside<\/strong><\/h3>\n

Our pivot point is at 68.14\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/h4>\n

Preferable Price Action<\/strong>: Below pivots sell Oil with 65.15 & 63.42 as targets.<\/p>\n

Alternative Price Action<\/strong>: Buy crude above pivot with targets at 71.21 and 72.95 in extension.<\/p>\n

Comment<\/strong>: Crude is below its 55MA and MACD in the negative territory.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

XAU\/USD Intraday: <\/span>Support at 1807.80<\/strong><\/h3>\n

Our pivot point is 1807.80<\/strong><\/p>\n

Preferable Price Action<\/strong>: Further upside to 1818.60 & 1826.90.<\/p>\n

Alternative Price Action<\/strong>: If the price gives a downside breakout of a pivot, then the price extends to 1794.90 and 1787.20.<\/p>\n

Comment<\/strong>: MACD in positive territory and price above it’s 20MA & 50MA.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

Dow Jones Intraday:<\/span><\/span> Trend change to the upside<\/h3>\n

Our pivot point is 34,342.00<\/strong><\/p>\n

Preferable Price Action<\/strong>: Take long positions above pivot with targets at 34,729.00 & 34,949.00.<\/p>\n

Alternative Price Action<\/strong>: Below 34,342.00 looks for further downside to 33,950.00 & 33,717.00.<\/p>\n

Comment<\/strong>: Price above its 20MA & 55MA and RSI above 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR\/USD Intraday: Resistance at 1.17870 Our pivot point is at 1.17870 Preferable Price Action: Take short positions below pivot level with targets at 1.17490 & 1.17280 in extension. Alternative Price… <\/p>\n","protected":false},"author":2,"featured_media":4843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[124,10,169,170,168,28,41,26,163,33,72,50,31,101],"yoast_head":"\nDaily Market Outlook, 21 July, 2021 | Seven Star FX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-21-july-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Market Outlook, 21 July, 2021 | Seven Star FX\" \/>\n<meta property=\"og:description\" content=\"EUR\/USD Intraday: Resistance at 1.17870 Our pivot point is at 1.17870 Preferable Price Action: Take short positions below pivot level with targets at 1.17490 & 1.17280 in extension. 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