banner-img
banner-img
banner-img
07 Jun

Forex Daily Technical Analysis on 7th JUNE 2016

admin Forex Technical outlook 0 Comments

Daily Technical Analysis on 7th June 2016

Technical Pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, & XAUUSD.

EURUSD 
 
Janet Yellen’s statement became the key event of Monday. According to Janet Yellen the weak Non-Farms hike the regulator’s concerns. The release signs of new jobs develop slowdown. The euro stands at the local high that it had touched last week. The pair stays the first day of the week close to the level of 1.1370. The trading was less volatile. EURUSD might bounce off early from 1.1370. The resistance remains at 1.137 levels, the support stays at 1.130 levels. MACD signal is bullish. RSI touched the overbought level of 70 but RSI signs a sell signal.
 

GBPUSD 
 
According to the head of the Federal Reserve Janet Yellen if the UK departs the EU that can affects important economical circumstances. The pair tried to smash the level 1.440 but failed & remained in a short region of 1.4400 – 1.448 levels. Traders seem to take a rest following the previous week decrease. The resistance levels are 1.448, & the support levels are 1.440. MACD sign Neutral. We consider the growth will be constant now. The first target level was 1.448, the other one is 1.456 levels.
 
 
AUDUSD
 
According to Janet Yellen while the employment report hiked some concerns, the controller would not pay more attention to the only single report. Janet hinted that the overall image of the labor market is positive. The Fed predicts further gradual rates rise. The AUD stands at the same level it had touched the last week. The pair stayed in a low range flat: 0.7380 – 0.7315. Its incapability to break the resistance at 0.7400 shows the weakness of buyers. The resistance is at 0.7400, the support area lies at 0.7270. 
AUDUSD looks bearish. MACD indicates a constant growing. RSI touched the overbought level of 70 & still sign shows a sell signal. The pair is climbing upwards. The bulls’ target levels are 0.740 & 0.727.
 
 
NZDUSD
 
According to Janet Yellen the value of oil carry the inflation at less level. Oil prices start to improve.
NZDUSD spent the 1st day of the week close to the level of 0.695. The dollar could twist some losses & touched the mark level of 0.6900. Yet buyers blocked the value & reversed it to the resistance of 0.695 levels. MACD giving a buy signal. RSI mounted the overbought level of 70. The pair will reverse to the downhill movement. The pair might go to 0.685 level soon.
 
 
XAUUSD
 
On Yester day, the gold futures will rise to two-week high in expectations of Janet Yellen’s speech. Traders predicted to get clues about the next interest rates raise in the US. The yellow metal stayed in a flat on first day of the week between the levels 1248 - 1239. The technical image is uncertain. The price has recently broken 1215 and 1235. While the price failed to improve further & stopped close to the mark level of 1250. The resistance levels are 1260, the support levels are 1235. MACD signs a buy signal. RSI touched the overbought level of 70 & indicates a sell signal. The potential reduce target support level was 1235.
Previous Next
 
Share This Post
 
 
banner-img
banner-img
banner-img
watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000

Since
2009

watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus

Since
2013

banner-img

Facebook

Twitter

Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.