enDaily Analysis 23/07/2025
Latest Economic Insights
The dollar stabilizes at 97.5 after the downward trend stopped.
Trump announces trade deal with Japan and 15% tariffs
Gold retreats after 3 sessions of gains due to easing trade tensions.
The European Union continues negotiations and threatens retaliatory measures.
Markets await the Federal Reserve’s meeting next week and the October interest rate cut.
Oil rises after three sessions of decline, supported by trade optimism and declining inventories.
An expected meeting between American and Chinese officials next week.
Bitcoin attempts to break $120,000 to continue its upward trend.
Smart technical reports
How they work
A likely scenario is proposed for today, and the probability of this scenario being achieved, according to technical analysis, may be between 60% and 75%.
If the first scenario fails, the probability of the second scenario being achieved will be between 60% and 75% certain.
The first scenario fails when the price reaches the level of the alternative scenario condition, and the alternative scenario is immediately activated and the prediction from the first scenario is cancelled.
These reports are not considered a substitute for the trader’s decision, but rather they are a tool to assist the follower in making his own decisions, as a reference based on the origins of classical technical analysis.
GOLD
General trend: Upward
Time interval: half an hour (30 minutes)
Current price: 3,389.72
Scenario 1: Buy gold with a break and hold above 3,397.16, targeting 3,406.20 and then 3,414.36.
Alternative scenario: Sell gold on a break and hold below 3,381.84, targeting 3,372.39 and then 3,363.30.
Commentary: Gold maintains its upward momentum and approaches strong resistance. Confirmation of the breakout could open the way for further gains.
CRUDE OIL
Trend: Bearish
Time interval: half an hour (30 minutes)
Current price: 65,257
Scenario 1: Buy oil with a breakout and stability above 65.767, targeting 66.189 and then 66.537.
Alternative scenario: Sell oil after breaking the 64.927 level, targeting 64.567 and then 64.137.
Comment: Clear selling pressure on oil, and a break below support could accelerate the decline.
EURUSD
General trend: Upward
Time interval: half an hour (30 minutes)
Current price: 1.16851
Scenario 1: Buy EUR/USD after breaking 1.17121, targeting 1.17382 and then 1.17589.
Alternative scenario: Sell EUR/USD after breaking and holding below 1.16699, targeting 1.16524 and then 1.16322.
Comment: The pair continues to rise and tests new resistance, with clear support from the moving averages.
GBPUSD
Trend: Upward
Time interval: half an hour (30 minutes)
Current price: 1.34790
Scenario 1: Buy GBP/USD after breaking 1.34945, targeting 1.35121 and then 1.35320.
Alternative scenario: Sell GBP/USD after breaking and holding below 1.34654, targeting 1.34455 and then 1.34265.
Comment: The pair is correcting after a strong rise, and stability above the moving averages supports the continuation of the positive trend.
NAS100
Trend: Upward
Time interval: half an hour (30 minutes)
Current price: 23,346.00
Scenario 1: Buy the Nasdaq on a break and hold above 23,429.50, targeting 23,549.00 and then 23,656.50.
Alternative scenario: Sell the Nasdaq after breaking the 23,306.14 level, targeting 23,272.50 and then 23,167.75.
Comment: The index continues to move positively and targets new highs, with support from the moving averages.
Economic Calendar
(Times are in GMT+3)
Existing Home Sales (June) – 17:00
US crude oil inventories – 17:30
Fundamental Analysis
The dollar index stabilized around 97.5 on Wednesday after a three-session decline, supported by the announcement of a trade agreement between the United States and Japan that includes imposing reciprocal tariffs of 15% instead of the previously threatened 25%, with Japanese markets opening up to more US exports.
The agreement has raised hopes for more deals before the August 1 deadline, especially after previous agreements with the Philippines and Indonesia, while negotiations with the European Union continue to face difficulties amid mutual threats.
The US Treasury Secretary indicated an upcoming meeting with Chinese officials and the possibility of extending the tariff truce with Beijing until August 12, allaying fears of a renewed trade escalation.
In monetary policy, the Fed minutes showed that the impact of tariffs is considered inflationary, prompting members to postpone any imminent interest rate cut, with markets anticipating a possible move in October.
Gold fell to $3,420 an ounce, affected by easing concerns about trade escalation, which reduced demand for safe havens.
Oil prices recovered after three days of declines, with West Texas Intermediate crude rising to $66 a barrel, supported by improved demand forecasts due to progress in trade talks and a 0.6 million barrel drop in US crude inventories.
Bitcoin is approaching $120,000 with renewed momentum, and needs to break through this resistance to continue its upward trend in the near term.
Risk Disclaimer
Any information/articles/materials/content provided by WRPRO or displayed on its website is intended to be used solely for educational purposes only and does not constitute investment advice or a consultation on how the client should trade.
Although WRPRO has taken care to ensure that the content of such information is accurate, - it cannot be held responsible for any omission/error/miscalculation and cannot guarantee the accuracy of any material or any information contained herein.
Therefore, any reliance you place on such material is strictly at your own risk. Please note that the responsibility for using or relying on such material rests with the client and WRPRO accepts no liability for any loss or damage, including without limitation, any loss of profit which may arise directly or indirectly from the use of or reliance on such information.
Risk Warning: FX/CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.
You should make sure that, depending on your country of residence, you are allowed to trade with WRPRO products. Please ensure that you are familiar with the company’s risk disclosure.
