Daily trading forecasts for June 11, 2013
June 11, 2013 6:30 amVideo
Latest News
- Outlook for GBP/USD on May 9. The pound flat ahead of the Bank of England meeting May 9, 2024
- Outlook for EUR/USD on May 9. Third consecutive boring day for the euro May 9, 2024
- What to expect from the Bank of England meeting? May 9, 2024
- The euro hits certain points May 9, 2024
- Analysis of EUR/USD on May 8th. Euro aims for the 1.5 figure May 8, 2024
- Analysis of GBP/USD on May 8th. The pound hits an important level May 8, 2024
- USD/JPY: Simple Trading tips for novice traders on May 8th (US session) May 8, 2024
- GBP/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- EUR/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA – 2/8 Murray) May 8, 2024
- GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471 May 8, 2024
- EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement May 8, 2024
- EUR/USD. May 8th. The market continues to rest against the background of an empty calendar May 8, 2024
- Technical Analysis – USDCAD enjoys renewed strength May 8, 2024
- Technical Analysis – US 500 index advances towards all-time high May 8, 2024
- GBP/USD. May 8th. The pound does not expect a rate cut by the Bank of England May 8, 2024
- Video market update for May 08, 2024 May 8, 2024
- Technical Analysis – EURJPY flirts with 167.00 again May 8, 2024
- Technical Analysis – WTI oil futures restart downtrend May 8, 2024
- Forex forecast 05/08/2024: EUR/USD, Oil, Gold and SP500 from Sebastian Seliga May 8, 2024
EUR/USD: There is still a Bullish Confirmation pattern in this chart, as the Williams’ Percent Range moves very near to the overbought territory. The resistance line at 1.3300 was tested last week, and it could be tested again very soon – even possibly breached to the upside as the price goes further northwards.
USD/CHF: The USD/CHF is weak, and the weakness is expected to continue this week. At the close of the market last Friday, there was a slight rally in the context of an uptrend. That rally nevertheless failed to take the price higher than the resistance level of 0.9400. From this level, the price would plummet further.
GBP/USD: The optimism around the Cable would continue to drive the price further upwards. Since big fluctuations and volatility are expected this week, it would possibly be in favor of the bulls. The northward bias is still very much extant, and the price is expected to end up trading above the distribution territory of 1.5650 this week.
USD/JPY: There was a bearish indication on this market recently, but that indication has been rendered ineffectual by the upward surge that began last Friday. The RSI has crossed the 50 level to the upside. Should the price end up crossing the EMA 56 upwards, a new bullish indication would come in place.
EUR/JPY: The optimism surrounding the EUR and the GBP are driving bullish biases; even on the JPY pairs. So the price action on this cross is understood. This has rendered the last bearish signal useless, but one would need to wait for further confirmation before one takes a side.
The material has been provided by InstaForex Company – www.instaforex.com
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