Daily analysis of major pairs for June 22, 2017
June 22, 2017 3:16 amVideo
Latest News
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
EUR/USD: Yesterday, there was an upwards bounce on the EUR/USD, in the context of a downtrend. The upwards bounce could end up giving a good short-selling signal as the price is expected to go downwards, reaching the support lines at 1.1150 and 1.1100. Some fundamental figures are expected today and they could have an impact on the market.
USD/CHF: The recent bullish signal on the USD/CHF is in a precarious situation, owing to the current bearish correction in the market (which is shallow anyway). There remains a possibility of price reaching the resistance level at 0.9800. The recent bullish bias cannot be invalidated unless the price goes below the support level at 0.9650.
GBP/USD: The bias on the Cable remains bearish, though the price is currently choppy. The accumulation territories at 1.2650 and 1.2600 could be tested within the next few trading days. These accumulation territories were previously tested this week, and they could be re-tested as price goes south.
USD/JPY: The USD/JPY has
continued to be corrected lower and this poses threat to the already weak
bullish bias in the market. The RSI period 14 has gone below the level 50. Once
the EMA 11 crosses the EMA 56 to the downside, the outlook on the market would
turn essentially bearish. After all, that is what is anticipated for this
month.
EUR/JPY: This cross has not
done anything significant this week. A movement above the supply zone at 125.00
would result in a clean Bullish Confirmation Pattern, while a movement below
the demand zone at 123.00 would result in a Bearish Confirmation Pattern. This
is the scenario that is supposed to happen before the end of this week or early
next week.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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