Technical analysis of EUR/USD for June 13, 2018

Technical analysis of EUR/USD for June 13, 2018
2018-06-13

Overview:

The EUR/USD pair rose from the level of 1.1673 towards 1.1837 this week. Now, the current price is set at 1.1743. On the H1 chart, the resistance is seen at the levels of 1.1798 and 1.1837. Besides, the weekly support 1 is seen at the level of 1.1673. Today, the EUR/USD pair is continuing to move in a bullish trend from the new support level of 1.1673, to form a bullish channel. Amid the previous events, we expect the pair to move between 1.1673 and 1.1837. Therefore, buy above the level of 1.1673 with the first target at 1.1798 in order to test the daily resistance 1 and further to 1.1837 (double top). Nevertheless, if the pair fails to pass through the level of 1.1673, the market will indicate a bearish opportunity below the level of 1.1673. The market will decline further to 1.1634 in order to return to the last bearish wave. Additionally, a breakout of that target will move the pair further downwards to 1.1586.

Comment:

- The weekly pivot is seen at the level of 1.1712.

- The market is still in an uptrend. We still prefer the bullish scenario.

Technical analysis of USD/CHF for June 13, 2018
2018-06-13

Overview:

The USD/CHF pair faced resistance at the level of 0.9943. So, the strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9943, the market will indicate a bearish opportunity below the new strong resistance level of 0.9943 (the level of 0.9943 coincides with a ratio of 78.6% Fibonacci). Moreover, the RSI starts signaling a downward trend, as the trend is still showing strength above the moving average (100) and (50). Thus, the market is indicating a bearish opportunity below 0.9943 for that it will be good to sell at 0.9940 with the first target of 0.9795. It will also call for a downtrend in order to continue towards 0.9733. The daily strong support is seen at 0.9733. On the other hand, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 0.9994.

GBP/USD analysis for June 13, 2018
2018-06-13



Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3307. Anyway, according to the H1 time – frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator in creation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3395 and at the price of 1.3463.

Resistance levels:

R1: 1.3418

R2: 1.3462

R3: 1.3500

Support levels:

S1: 1.3337

S2: 1.3300

S3: 1.3255

Trading recommendations for today: watch for potential buying opportunities.

Analysis of Gold for June 13, 2018
2018-06-13



Recently, the Gold has been trading downwards. The price tested the level of $1,291.67. Anyway, according to the H1 time frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. My advice is to watch for potential breakout of intraday supply trendline to confirm upward movement. If you see a valid breakout of supply trendline watch for buying opportunities. The upward target is set at the price of $1,300.00.

Resistance levels:

R1: $1,302.90

R2: $1,306.70

R3: $1,309.80

Support levels:

S1: $1,296.00

S2: $1,294.40

S3: $1,289.80

Trading recommendations for today: watch for potential buying opportunities if you see a valid breakout of supply trendline.

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