Daily analysis of major pairs for June 13, 2017
June 13, 2017 11:58 amVideo
Latest News
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
- Will US retail sales add juice to the dollar’s rally? – Preview April 12, 2024
- Technical Analysis – GBPUSD outlook worsens after rapid fall April 12, 2024
- Market Comment – Dollar pulls back; ECB sends clearer cut signals April 12, 2024
- Hot forecast for EUR/USD on April 12, 2024 April 12, 2024
EUR/USD: The outlook on EUR
pairs is bearish this week, though the market has only moved sideways so far
this week. More bearish movement may be witnessed this week, when volatility rises,
which would put an end to the current bullish, but that would be when the
support lines at 1.1050 and 1.1000 are breached to the downside.
USD/CHF: The USD/CHF pair did not
do anything significant on Monday. There would soon be a rise in momentum, as USD
could become weak versus other currencies like CHF, AUD and NZD, which means
price would go down towards the support levels at 0.9650 and 0.9600. This pair
cannot go up unless EUR/USD crashes.
GBP/USD: The GBP/USD pair is
currently bouncing upwards in the context of a downtrend. Price tested the
accumulation territory at 1.2650 yesterday and it has now gone above the
accumulation territory at 1.2700, targeting the distribution territory at
1.2750. This kind of action is normally seen as a rally in the context of a
downtrend, which cannot be overridden unless the distribution territory at
1.3000 is overcome.
USD/JPY: There is a Bearish
Confirmation Pattern on the USD/JPY 4-hour chart. The outlook on the JPY pairs
is bearish for this week, and for this month. Therefore, when there is
volatility in the market, it would most probably favor bears, as price is
expected to go further southwards, strengthening the existing bullish bias.
EUR/JPY: This cross pair
dropped 150 pips last week, testing the demand zone at 123.00. The market then
remained volatile for the rest of the week, and it has remained volatile till
now. This is a bear market and price is expected to go more and more
southwards.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: