2018-06-22
From the daily chart of the Cable pair, we know exactly this pair is still moving in a bearish bias. At present, since the Stochastic has been already in an oversold zone, we expect GBP/USD to go up to make a retracement in a few days that will be a clear sign of the healthy bearish bias. As long as the Cable pair does not break out and closes above 1.3472, the bearish bias still controls this pair. The price will try to test its next support level at 1.3061.
(Disclaimer)
Technical analysis of NZD/USD for June 22, 2018
2018-06-22
On the daily chart, we see the divergence between the NZD/USD price and the Stochastic Oscilator. This means the pair will try to test 0.6920 in a few days as the first target and 0.7057 as the secondy target. As long as the pair does not break out and closes below 0.6813, the price will try to test both targets.
(Disclaimer)
Technical analysis: Intraday level for USD/JPY, June 22, 2018
2018-06-22
In Asia, Japan will release the All Industries Activity m/m, Flash Manufacturing PMI, and National Core CPI y/y and the US will release some Economic Data such as Flash Services PMI, and Flash Manufacturing PMI. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Resistance. 3: 110.60.
Resistance. 2: 110.39.
Resistance. 1: 110.17.
Support. 1: 109.90.
Support. 2: 109.69.
Support. 3: 109.47.
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 Level For EUR/USD, June 22, 2018
2018-06-22
When the European market opens, some Economic Data will be released such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will also release the Economic Data such as Flash Services PMI, and Flash Manufacturing PMI, so amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1662.
Strong Resistance:1.1655.
Original Resistance: 1.1644.
Inner Sell Area: 1.1633.
Target Inner Area: 1.1605.
Inner Buy Area: 1.1577.
Original Support: 1.1566.
Strong Support: 1.1555.
Breakout SELL Level: 1.1548.
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 on Gold for June 22, 2018
2018-06-22
With a low at $1,260.93 Gold price has made yesterday a possible reversal daily candle formation. A bullish bias has been formed and if price continues higher today, it will confirm this reversal signal.
Gold price is at a very important buy zone and as I have said, I consider this pullback as a gift for buyers. Gold price is expected in the short-term to move towards the $1,280-85 area which is the first important resistance. A break above this area will be a bullish sign for the next weeks. A weekly close above $1,277 will also be a very bullish reversal sign as the weekly candle will also be forming a bullish hammer. So bulls want to see Friday's close as high as possible in order to be more confident for next week.
Technical analysis on EUR/USD for June 22, 2018
2018-06-22
Yesterday, we mentioned that support at 1.1520 is crucial. Price tested the 1.1520-1.15 area but did not break down. This was expected as the RSI has been giving bullish divergence signals. On the contrary, price broke above the wedge pattern and is progressing higher according to our analysis.
Blue lines - wedge patternBlue upward sloping line - bullish divergence
The EUR/USD pair has broken above the 1.1570-1.1580 resistance and is heading towards 1.1650-1.17 which is our first target area. Resistance is strong between 1.1660-1.17 and a break above it will open the way for a move towards 1.18-1.19. Support is at 1.1560-1.1570. A break below this area will open the way for 1.1450.
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