Tuesday, 27 July 2021

Preliminary assessment of the market on July 27

 Preliminary assessment of the market on July 27.

There are few important economic data to be released today - However, "US consumer confidence" data scheduled for release at should also be kept in mind.

 The market is still in a state of waiting for the late night fomc meeting tomorrow night.  Therefore, news related to the Covid-19 epidemic should also pay attention to investors.

 Currently, the market is expected to continue moving sideways, waiting for fomc.

 1. Gold 7/27:

 The expected range is still running in the 1790-1810 zone.  Buy and sell near this border area.

Buy Limit #XAUUSD #GOLD AT 1790 and 1792

SL: 1785

TP: 18XX 18XX

2. GBPUSD 7/27:

 As the number of covid-19 infections in the UK decreased after the UK lifted the blockade orders ==> GBP is supported.

#GBPUSD broke the 1.37800-1.38000 zone which is likely to extend the upside momentum to 1.39000.  So buy.

Buy Limit GBPUSD AT 1.3780 and 1.3800

SL:  1.3740

TP:  1.3XXX

 3. Bitcoin 7/27.

The resistance is still around 41k.  Traders can watch bitcoin's reaction to this resistance zone

 Bitcoin Range : 29k-41k

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