2018-06-25
In Asia, Japan will release the Trade Balance and the US will release some economic data such as NAHB Housing Market Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance. 3: 110.14.
Resistance. 2: 109.93.
Resistance. 1: 109.71.
Support. 1: 109.45.
Support. 2: 109.24.
Support. 3: 109.02.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis: Intraday Levels For EUR/USD, June 25, 2018
2018-06-25
When the European market opens, some economic data will be released such as Italian Trade Balance. The US will also release a series of economic reports such as NAHB Housing Market Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1718.
Strong Resistance:1.1711.
Original Resistance: 1.1700.
Inner Sell Area: 1.1689.
Target Inner Area: 1.1661.
Inner Buy Area: 1.1633.
Original Support: 1.1622.
Strong Support: 1.1611.
Breakout SELL Level: 1.1604.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis of AUD/USD for June 25, 2018
2018-06-25
At the Daily Chart of the AUD/USD pair, we can see the price action from this pair moving in a Bearish bias, this can see confirmed by the price moving in a downslope channel with a Moving Average 50 slope pointing down too (of course the price is below the Moving Average), but now the Stochastic Oscillator already back from the Oversold territory this means in a few days ahead there will be a correction from the AUD/USD maybe they will re-test the EMA 50 as Dynamic Resistance or the Support Become Resistance Zone 0.7654-0.7697 level.
(Disclaimer)
Technical analysis of USD/CHF for June 25, 2018
2018-06-25
The USD/CHF now in a Daily Charts looks like making a consolidation (more to be a Descending Triangle). If We look at the previous Consolidation at the left yellow box and match to the new consolidation at the right yellow box, We can assume there will be a significant movement (maybe a breakout) in July 14, 2018, as We know that day is one day after the New Moon & Moon Perigee phenomenon that affects significantly the EUR/USD. Basing on this fact, We assume the USD/CHF will try to re-test the Support level 0.9803 and bounce back to up again until July 14, 2018.
(Disclaimer)
Fundamental Analysis of EUR/USD for June 25, 2018
2018-06-25
EUR/USD has been quite bullish recently after bouncing off the 1.1550 support area with a daily close. As the bearish trend is still existing in the market, the price is expected to push lower again in the coming days.
EUR has been quite mixed with the recent economic reports and events where no rate hike issue on recent ECB meetings has been a big blow for the currency itself. Despite having mixed economic reports, EUR gained momentum having USD struggling with the recent worse economic reports. Today EUR German Ifo Business Climate report is going to be published which is expected to decrease to 101.9 from the previous figure of 102.2.
On the other hand, today USD New Home Sales report is going to be published which is expected to increase to 665k from the previous figure of 662k. Ahead of the upcoming Final GDP report which is expected to be unchanged at 2.2%, USD may regain strength based on today's economic report to be published.
As of the current scenario, EUR do not have much to offer this week whereas upcoming GDP report on the side may play a vital role for the further gains on the USD side for the coming days. As the days unfold, USD is expected to have an upper hand over EUR in the future.
Now let us look at the technical view. The price is currently rejecting off the dynamic level of 20 EMA below the resistance area of 1.1700-50. As the price remains below the 1.1700-50 area with a daily close having no evidence of upcoming impulsive bullish momentum, the price is expected to push lower towards 1.1550 and later towards 1.1300 support area in the coming days.
Technical analysis on Gold for June 25, 2018
2018-06-25
The Gold price has started the week under pressure retreating from the $1,270 area back towards $1,265. The Gold price remains in a bearish trend. Gold price is expected to bounce at least towards $1,285-$1,295 area once it breaks above $1,273.
Magenta lines - bearish channel
Green line - long-term support
Red line - long-term resistance
The Gold price continues to make lower lows and lower highs. The Gold price is inside the bearish channel and below the Ichimoku cloud. Support is at $1,258 and resistance at $1,273 and next and most important at $1,285-95. I continue to believe that Gold is in a corrective downward move that will eventually reverse higher and start its next leg up to $1,400-$1,450.
No comments:
Post a Comment